About RBC Rewards Visa Preferred
An RBC Rewards Visa Preferred credit card provides reward-earning opportunities, extensive insurance coverage, and a range of exclusive benefits and privileges, all for an annual fee of $110. This credit card can be a good option for frequent travelers.
RBC Rewards Visa Preferred card features
An RBC Rewards Visa Preferred credit card features a 19.99% interest rate on purchases and 22.99% (21.99% for Quebec residents) — on cash advances. Using the benefits of this card will cost you $110 per year. You can also order additional cards for $40 per card.
Whenever you pay for your everyday purchases with your RBC Rewards Visa Preferred credit card, you get 1 Avion point for $1 spent.
Once you have accumulated a significant amount of Avion reward points, you can redeem them in a variety of ways, including:
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Paying for flights, hotel stays, car rental, cruises, and more
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Conducting RBC banking transactions — a credit card, bill, loan, or mortgage payment, contributions to registered and non-registered plans, Interac e-Transfers, and more
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Buying merchandise from Avion Rewards Catalog, including Samsung, Canon, and KitchenAid tech, Best Buy products, gift cards to a wide selection of brands, and more
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Making charitable donations
Insurance coverages included in an RBC Rewards Visa Preferred credit card are out-of-province or country emergency medical insurance, travel accident insurance, auto rental collision or loss damage insurance, trip cancellation insurance, trip interruption insurance, flight delay insurance, and hotel or motel burglary insurance.
RBC’s partner integrations provide RBC Rewards Visa Preferred cardholders with additional benefits, including:
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Earning 50 Be Well points for 1 dollar spent on eligible purchases at Rexall, a chain of retail pharmacies
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Getting zero delivery fees on orders of over $15 with a 12-month free DashPass subscription from DoorDash, a food delivery service
Whenever you need, you can lock and unlock your RBC Rewards Visa Preferred credit card through the RBC Mobile app.
Pros and cons
Here are the advantages of an RBC Rewards Visa Preferred credit card:
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Earning Avion reward points for every dollar spent
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Partner integrations providing additional benefits
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Extensive insurance coverage
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Credit card lock opportunity
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Worldwide acceptance
Still, there are certain disadvantages:
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The annual fee of $110
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The lack of emergency purchases insurance
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The lack of mobile device insurance
How to apply for an RBC Rewards Visa Preferred card
At the moment of writing this review, RBC doesn’t feature an RBC Rewards Visa Preferred credit card as a card you can apply for online. Reach out to RBC at RBC at 1-888-918-2603 to ask how to apply for this credit card.