RBC Visa Platinum®

RBC Visa Platinum®: interest rates, available limits, cashback and bonuses. Full conditions for obtaining a credit card online. The procedure for registration and receipt online or at a bank branch. Features.


About RBC Visa Platinum

An RBC Visa Platinum is a credit card with up to a $50,000 credit limit and premium insurance coverage, all for a zero annual fee. However, being an affordable credit solution, this card doesn’t provide cash back and reward-earning opportunities.

RBC Visa Platinum card features

An RBC Visa Platinum credit card features an interest rate of 19.99% on purchases and 22.99% (21.99% for Quebec residents) — on cash advances, with up to a $50,000 credit limit. There is no annual fee for this credit card, and issuing an additional card is free as well.

The insurance coverage policies included in an RBC Visa Platinum credit card are purchase security and extended warranty protection, auto rental collisions or loss damage insurance, and travel accident insurance.

RBC’s partner integrations provide the following benefits for RBC Visa Platinum cardholders:

  • Saving $0.03 on fuel purchases at Petro-Canada

  • Earning 20% more Petro-Points at Petro-Canada than you normally earn 

  • Earning 50 Be Well points for every $1 spent at Rexall pharmacies 

  • Getting three months of free delivery for orders over $15 with a complementary DashPass subscription from the DoorDash food delivery service

Whenever you need, you can temporarily lock your RBC Visa Platinum credit card through the RBC Mobile app.

Pros and cons

The pros of an RBC Visa Platinum credit card are:

  • A zero annual fee 

  • Free additional card issuance 

  • Premium insurance coverage included

  • Additional benefits from partner integrations

  • No minimum annual income requirements to apply

Still, there are certain cons:

  • No cash back earning opportunities 

  • No reward-earning opportunities

  • The lack of specific insurance coverage policies included (like out-of-province or country emergency medical insurance, emergency purchases insurance, or flight delay insurance)

How to apply for an RBC Visa Platinum credit card

You can apply for an RBC Visa Platinum credit card online. To proceed, hit the “Apply Now” button next to its description and fill out an online application form. If you are an RBC client already, sign in to your Online Banking account right in the application process to fill out a shorter form. If you are new to RBC, be ready to complete an extended application form and provide the following information:

  • Your first name

  • Your last name

  • Your contact details

  • Your date of birth

  • Your address

  • Your rent or mortgage expenses

  • Your social insurance number (SIN)

  • Your employment status

  • Your occupation

  • Your employer information

  • Your annual income

Then, specify if you need insurance protection for your credit card balance. Next, create a personal identification word. Finally, if you want to add more users to your credit card, specify that as well.

Applying for an RBC Visa Premium credit card involves no minimum personal and household annual income requirements.

Does an RBC Visa Platinum credit card provide an interest-free grace period?

With an RBC Visa Platinum credit card, you can count on at least a 21-day interest-free grace period, provided that you pay off your balance by the payment date specified in your statement.

For cash advances, there is no interest-free period.

What happens if I don’t make a minimum payment on time?

If you fail to make a minimum payment with your RBC Visa Platinum credit card at least two times within any 12-month period, your interest rates will grow — to 24.99% on purchases and 27.99% (26.99% for Quebec residents) — on cash advances.

To get back to your regular interest rates, you will need to make payments on time for 12 consecutive months thereafter.

How do I find my credit card payment due date?

You can find your RBC Visa Platinum credit card payment due date on your paper monthly account statement or the credit card account details page (either through your RBC Online Banking or the RBC Mobile app).

If you are still having trouble finding your payment due date, call the RBC customer service team at 1-800-769-2512.

Company documents

Legal Terms of Use Show
Privacy and Security Show
18.11.2022
-
Last update 30.11.2022