RBC Vantage Review

What is RBC Vantage?

RBC Vantage is a free program that you can use to access special benefits with your RBC chequing or savings account. It offers the following perks for eligible accounts:

Automatic benefits

1. Get personalized insights. Track your daily spending and get notifications for suspicious transactions on your account with specialized insights by NOMI.
2. Enjoy specialized personal offers. Get offers on products and services from popular brands such as Rexall and Indigo when you start with RBC Vantage.

Optional benefits (opt-in required)

1. Save cash on gas. Link your Petro-Points membership with your debit card to save 3¢/L on gas and earn 20% more Petro-Points when you fuel up at Petro Canada. Requires Petro-Points membership
2. Earn RBC Rewards Points. Collect RBC Rewards points when you make everyday purchases from your bank account with your RBC debit card. Requires opt-in to the RBC Value program
3. Save on monthly account fees. Save on monthly account fees when you complete tasks such as signing up for multiple RBC products or enrolling in direct deposit. Requires opt-in to the RBC Value program

Other perks with RBC Vantage

• No minimum balance requirements. You won’t need to keep a minimum balance in your RBC account to enjoy benefits with RBC Vantage.
• Money-back guarantee. Get up to 3 months of account fees back if you don't feel you selected the right RBC bank account within your first 4 months.
• Lock your card. Easily lock a misplaced debit or credit card in the RBC Mobile app.
• Welcome offer.

What to watch out for

• Many enrolments required. You’ll need to sign up for many “included” benefits by enrolling in separate rewards programs (such as Petro-Points and RBC Value).
• Not available with all accounts. You’ll only be able to access RBC Vantage benefits with certain RBC bank accounts.
• Hard to maximize rewards. You’ll be required to meet certain eligibility requirements to be able to maximize the rewards and benefits you earn.

How does the RBC Vantage program work?

The RBC Vantage program is a little bit confusing in that you’ll need to complete several registrations to sign up for different benefits:

• Avion Rewards Points and monthly fee rebates

  You’ll earn the following Avion rewards and fee rebates depending on the number of RBC products you hold. These products can include credit cards, personal mortgages, investments or small business accounts (in addition to your eligible RBC bank account).

Benefit	Program	Prerequisites	Application process
Spending insights	RBC Vantage	Have access to the RBC mobile app	You can automatically access your spending insights when you enrol for RBC Vantage.
Special offers	RBC Vantage	Have access to the RBC mobile app	You’ll automatically be enrolled to get special offers when you sign up for RBC Vantage and shop with your debit card.
Savings on gas	RBC Vantage	Sign up for a Petro-Points card with Petro-Canada	Link your Petro-Points membership with your debit card to save 3¢/L on gas and earn 20% more Petro-Points when you fuel up at Petro Canada.
RBC rewards	RBC Value (sub-program of RBC Vantage)	RBC Vantage required to sign up for RBC Value	Enrol your account in the Value Program and make debit purchases in-store or online.
Discounts on monthly fees	RBC Value (sub-program of RBC Vantage)	RBC Vantage required to sign up for RBC Value	Enrol your account in the Value Program. From there, you’ll need to hold several RBC products and complete at least 2 out of 3 monthly activities (pre-authorized payments, direct deposits or bill payments) with your enrolled account to get benefits.

Which bank accounts are eligible for RBC Vantage?

You can sign up for RBC Vantage benefits with the following bank accounts:

0-1 RBC products*	2 RBC products*	3 RBC products*
Avion points: 1 point per $10 spent on debit (up to 150 points per month) Fee rebates: None	Avion points: 1 point per $5 spent on debit (up to 300 points per month) Fee rebates: Save up to $6 per month	Avion points: 1 point per $3 spent on debit (up to 500 points per month) Fee rebates: Save up to $11.95 per month
Other requirements: You must also complete at least 2 out of 3 activities (pre-authorized payment, direct deposit or bill payment) each month to receive your monthly fee rebate.

RBC Day to Day Banking RBC Advantage Banking (includes RBC Advantage Banking for students) RBC Signature No Limit Banking RBC VIP Banking

RBC Enhanced Savings RBC High Interest eSavings RBC Day to Day Savings

What should I know before I apply?

Eligibility requirements

You’ll be automatically enrolled in the RBC Vantage program if you meet the following criteria:

• You are a Canadian citizen, permanent resident or temporary resident of Canada.
• You have or are applying for an RBC chequing or savings account that qualifies for this program.
• However, you will need to enrol in the RBC Value Program and Petro-Points program separately to take advantage of all RBC Vantage benefits.

Required documents and information

To sign up for an eligible RBC bank account, you’ll need to provide the following:

• Your name, residential status and contact information
• Your Social Insurance Number (SIN) and date of birth
• Your email address and phone number

How to apply

You’ll need to sign up for a few different programs in order to take advantage of all of the RBC Vantage benefits on offer:

1.RBC Vantage

You’ll be automatically enrolled in RBC Vantage as soon as you sign up for an eligible RBC chequing or savings account. You just need to choose an account that offers RBC Vantage benefits and sign up by visiting the RBC website.

2.RBC Value

You’ll need to opt-in to the RBC Value program to take advantage of fee discounts and Avion Rewards. You’ll be prompted to do this when you sign up for a new account. You can also opt-in with an existing account by calling in to change your preferences or by visiting a branch in person.

3.Petro-Points

You can sign up for Petro-Points through the Petro Canada mobile app. You’ll then be able to link your RBC debit card to your Petro-Points number through the RBC mobile app.

Bottom line

You’ll be automatically enrolled in RBC Vantage when you sign up for an eligible RBC chequing or savings account. From there, you’ll need to opt-in to other programs such as RBC Value and Petro-Points to take advantage of all the benefits on offer with RBC Vantage.

Claire Horwood

Associate editor

Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee. See full profile

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