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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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$0

Annual Fee

N/A

Rewards

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 TypeInterest Rate
Purchase interest rate19.99%
Cash advance rate22.99%

What should I know before I apply

How to apply

  1. Visit the RBC Visa Platinum webpage.
  2. Click “Apply Now.”
  3. 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.

Compare other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
20.99%
$0
Min. recommended credit score: 650
Get 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
OFFER
Tangerine Money-Back Credit Card
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until July 5, 2023. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
OFFER
Tangerine World Mastercard
10% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until July 5, 2023. Plus, get a 1.95% interest rate on balance transfers for the first 6 months.
Neo Financial Mastercard
Get $25.00 + up to 15% cash back
Average 5% cash back
19.99% - 26.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at thousands of partners and at least 0.5% cashback guaranteed.
RBC Avion Visa Infinite
35,000 points
Up to 1 point per $1 spent
20.99%
$120
Min. recommended credit score: 650
Get up to 35,000 Welcome Points.
American Express Cobalt Card
30,000 points
Up to 5x points per $1 spent
20.99%
$155.88
Min. recommended credit score: 700
Earn up to 30,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). That’s up to $300 towards a weekend getaway or concert tickets.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
13.99%
$0 annual fee for the first year ($29 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $29 annual fee waived in the first year.
RBC ION+ Visa
7,000 points
3 points per $1 spent
20.99%
$48
Min. recommended credit score: 660
Get up to 7,000 points. Get 3,500 Welcome Points on approval and earn 3,500 bonus points when you spend $500 in your first 3 months. Apply by May 29, 2023.
RBC ION Visa
3,500 points
1.5 points per $1 spent
20.99%
$0
Min. recommended credit score: 660
Get 3,500 Avion points when you get approved for the card. Apply by May 29, 2023.
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