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RBC Visa Platinum Card review
Get a high credit limit without the annual fee with the RBC Visa Platinum card.
The RBC Visa Platinum Card offers value without having to pay a premium to get it. Customers can qualify for an ultra-high credit limit and receive premium insurance coverage with no annual fee to worry about.
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Please note: All information about RBC Visa Platinum Card has been collected independently by Finder and this product is not available through this site.
When picking a Canadian credit card, there’s usually a trade-off between value and features. The RBC Visa Platinum Card offers value without having to pay a premium to get it. Customers can qualify for an ultra-high credit limit and receive premium insurance coverage with no annual fee to worry about.
If you’re looking for a credit card that offers flexibility and lets you carry a high balance, consider the RBC Visa Platinum.
30-second take
- Consider getting this Visa if you’re looking for a reliable credit card with premium insurance coverage.
- Remember that carrying a credit card balance comes at a cost; this RBC card charges high interest rates for purchases and cash advances.
- You must be a Canadian resident and the age of majority in your province to apply for the card.
The basics
The RBC Visa Platinum Card doesn’t have all the bells and whistles of some of the more premium rewards cards, but it makes up for it where it matters most – in purchasing power. If you qualify, you can get up to $50,000 in credit Primary cardholders also qualify for personalized offers at leading retailers so you can save money while shopping.
Like other RBC credit cards, the RBC Visa Platinum credit card provides several value-added services, including balance protector insurance, identity protection and roadside assistance.
The perks
- High balances available. Depending on your income and credit score, you can get up to $50,000 in credit with this Visa.
- No fees. Pay zero annual fees on your primary card and first supplementary card.
- Premium insurance coverage. Travel, car and eligible purchases – the RBC Platinum Visa insures them all.
- Instant fuel savings. By linking your card to Petro-Canada, you can save 3 cents per litre on fuel and earn 20% more Petro-Points
What to watch for
- High interest rates. Carrying a balance on this card will end up costing you. Be prepared to pay an industry standard 19.99% interest on purchases and 22.99% on cash advances.
- Vague rewards. With so many rewards cards to choose from, this RBC Visa is vague on the types of personalized offers you’ll get.
RBC Visa Platinum Card interest rates
| Interest Type | Interest Rate |
|---|---|
| Purchase interest rate | 19.99% |
| Cash advance rate | 22.99% |
What should I know before I apply
How to apply
- Visit the RBC Visa Platinum webpage.
- Click “Apply Now.”
- Fill out the standard credit card application, which should take five minutes to complete.
The bottom line
The RBC Visa Platinum Card offers a no-nonsense approach to building your credit without compromising on core features like premium insurance and travel assistance. If you value flexibility and high credit limits over rewards and cashback options, this RBC Visa could be a good bet. If you’re really into rewards, read up on RBC Offers before you get this piece of plastic.