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MoneySense is an award-winning journal, serving to Canadians navigate cash issues since 1999. Our editorial crew of skilled journalists works carefully with main private finance specialists in Canada. That will help you discover one of the best monetary merchandise, we examine the choices from over 12 main establishments, together with banks, credit score unions and card issuers. Study extra about our promoting and trusted companions.
One of the best RBC bank cards in Canada by class
Royal Financial institution of Canada provides an array of bank cards catering to varied preferences and spending habits. Whether or not you prioritize journey rewards with Avion factors, search the pliability of money again, or desire distinctive advantages like WestJet {dollars}, RBC has a card for you. With bank cards spanning the Visa and Mastercard networks, cardholders can tailor their procuring expertise to go well with their preferences. Let’s discover the standout options of one of the best RBC bank cards in Canada.
| Greatest bank card by class | Why we like it |
|---|---|
| Greatest RBC journey bank card RBC Avion Visa Infinite Annual payment: $120 |
At the least 1 Avion level per $1 spent on all of your purchases, and good redemption flexibility |
| Greatest RBC airline journey bank card WestJet RBC World Elite Mastercard Annual payment: $119 |
1.5% earn price paired with an annual round-trip companion voucher on WestJet |
| Greatest RBC no-fee journey rewards bank card RBC ION Visa Annual payment: $0 |
1.5 Avion factors per $1 spent throughout six spending classes, together with streaming, subscriptions and digital gaming |
| Greatest RBC money again bank card RBC Money Again Most popular World Elite Mastercard Annual payment: $99 |
1.5% money again in your first $25,000 in purchases yearly |
| Greatest RBC no-fee money again bank card RBC Money Again Mastercard Annual payment: $99 |
As much as 2% money again on groceries and as much as 1% on all different purchases, with no annual payment |
| Greatest RBC low-interest bank card RBC Visa Basic Low Charge Possibility Annual payment: $20 |
12.99% rate of interest on each purchases and money advances |
Greatest RBC journey bank card
At a look: The RBC Avion Visa Infinite is a premium journey bank card that has a versatile rewards program and unique advantages. Cardholders earn 1 Avion level per $1 spent, and a boosted 1.25 factors on eligible journey bills (like flights, cruises and automotive leases).
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RBC Avion Visa Infinite
- Annual payment: $120
- Earn price: 1.25 Avion factors per $1 spent on journey (together with flights, lodges, taxis and public transit) and 1 level per $1 on all different purchases.
- Welcome bonus: You possibly can earn 35,000 Welcome Factors on approval and 20,000 bonus factors whenever you spend $5,000 in your first 6 months*. Apply by April 30, 2024. Apply on-line and get a response in as little as 60 seconds.
- Annual earnings requirement: Private earnings of $60,000 or family earnings of $100,000
Professionals
- RBC Avion factors might be price as a lot as $0.023 every when redeemed for journey, which is a excessive worth amongst journey rewards playing cards.
- Avion has loads of journey redemption flexibility. You possibly can redeem your factors for journey utilizing RBC’s Air Journey Redemption chart, switch factors to pick airways (together with WestJet), and redeem for journey purchases by way of RBC.
- There are not any blackout intervals or seat restrictions, even in periods of excessive demand.
- Unique entry to live performance tickets, together with Taylor Swift.
- Spectacular journey insurance coverage protection, together with journey cancellation and interruption and emergency medical. It even options cell system insurance coverage of as much as $1,500.
Cons
- You’ll pay a international transaction payment of two.5% on all purchases not in Canadian {dollars}.
- The best earn price is 1.25%, which isn’t very excessive for a premium card; different premium playing cards characteristic considerably larger earn charges.
- The private annual earnings requirement of $60,000 (or family earnings of $100,000) could also be too excessive for some candidates.
Greatest RBC airline journey bank card
At a look: With perks like a yearly round-trip companion voucher, free checked luggage and Boingo Wi-Fi entry, the WestJet RBC World Elite Mastercard makes a horny journey buddy. The truth is, it’s the greatest bank card in Canada for frequent WestJet flyers—full cease. Cardholders earn 2% again in WestJet {dollars} on purchases of WestJet flights and trip packages and get 1.5% again on all different spending. One WestJet greenback has a price of 1 Canadian greenback.
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WestJet RBC World Elite Mastercard
- Annual payment: $119
- Earn price: 2% again in WestJet {dollars} on WestJet flights and holidays packages and 1.5% again on all different purchases
- Welcome supply: You possibly can earn as much as 600 WestJet {dollars} with the WestJet RBC World Elite Mastercard. Plus a Spherical-Journey Companion Voucher Each 12 months.
- Annual earnings necessities: Private earnings of $80,000 or family earnings of $150,000
Professionals
- Journey perks embody complimentary first checked luggage for the first cardholder and as much as eight companions.
- Get an annual round-trip companion voucher for any WestJet vacation spot, beginning at $119 (plus taxes, charges and different costs) or decide to trade it for 4 lounge vouchers.
- Intensive journey insurance coverage, together with emergency medical, journey interruption and flight delay protection.
- Cardholders can save as much as $0.03 on gasoline at Petro-Canada and also can earn Rexall’s Be Nicely factors.
- The cardboard grants entry to over 1 million Boingo Wi-Fi hotspots worldwide.
Cons
- WestJet {dollars} can’t be used to pay for taxes and charges.
- In contrast to with Aeroplan, for instance, rewards aren’t versatile as they’ll solely be used for WestJet flights and WestJet holidays.
- A minimal private earnings of $80,000 (or $150,000 family earnings) is required to use.
Greatest RBC no-fee journey rewards bank card
At a look: The RBC ION Visa is a no-annual-fee rewards bank card that offers you 1.5 Avion factors per $1 spent on groceries, rides, gasoline (and EV charging), streaming, subscriptions and digital gaming. Get 1 level per $1 spent on all different purchases.
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RBC ION Visa
- Annual payment: $0
- Earn price: 1.5 Avion factors per $1 spent on groceries, rideshares, day by day transit, gasoline, EV charging, streaming, digital gaming and subscriptions; and 1 level per $1 on all different purchases
- Welcome bonus: You possibly can earn 3,500 Avion factors upon approval
- Annual earnings requirement: None
Professionals
- Some redemption flexibility. You possibly can redeem your factors for journey, assertion credit, merchandise, reward playing cards and extra.
- Get pleasure from gasoline financial savings at Petro-Canada, a three-month free DashPass subscription, and Be Nicely factors with purchases at Rexall pharmacies.
- Good for avid gamers: The RBC ION Visa is likely one of the solely playing cards in Canada that permits you to earn rewards on gaming subscriptions, digital downloads and in-game purchases.
- The cardboard options buy safety and prolonged guarantee insurance coverage.
Cons
- The RBC Avion rewards program contains three completely different membership tiers: Avion Choose, Avion Premium and Avion Elite. The RBC ION Visa is a part of the Avion Premium tier, which means you possibly can’t redeem your factors by way of RBC’s Air Journey Redemption Schedule—which provides the best worth to your factors. That characteristic is a part of Avion Elite, which requires having an RBC Avion card.
- The cardboard has restricted insurance coverage protection.
Greatest RBC money again bank card
At a look: With the RBC Money Again Most popular World Elite Mastercard, you’ll earn money again on all of your purchases. You’ll get 1.5% on the primary $25,000 charged to the cardboard yearly and 1% thereafter. Get pleasure from extra advantages like on the spot gasoline financial savings at Petro-Canada, Be Nicely factors at Rexall and $0 supply charges for 12 months from DoorDash.
RBC Money Again Most popular World Elite Mastercard
- Annual payment: $99
- Earn price: 1.5% again on all of your purchases
- Welcome bonus: You possibly can earn limitless money again, no restrict to what you may get again
- Annual earnings requirement: Private earnings of $80,000 or family earnings of $150,000
Professionals
- The annual payment of $99 is decrease than many different premium playing cards.
- If you happen to hyperlink your RBC card to your Petro-Factors account, you’ll save $0.03 cents per litre on gasoline at Petro-Canada and in addition get a 20% bonus of Petro-Factors.
- You possibly can earn 50 factors per $1 spent at Rexall whenever you hyperlink your RBC card and your Rexall Be Nicely card.
- Card comes with a 12-month free DashPass subscription.
Cons
- Weak insurance coverage providing in comparison with different premium playing cards. It solely contains rental theft and automotive harm, buy safety and prolonged guarantee.
- The boosted price of 1.5% is capped at your first $25,000 spent yearly.
Greatest RBC no-fee money again bank card
At a look: Like a number of the greatest money again bank cards in Canada, the RBC Money Again Mastercard provides money again with no annual payment. Earn as much as 2% on groceries and as much as 1% on all different purchases. Profit from on the spot gasoline financial savings at Petro-Canada, enhanced Be Nicely factors at Rexall and $0 supply charges for 3 months from DoorDash.
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RBC Money Again Mastercard
- Annual payment: $0
- Earn price: 2% money again on groceries and 1% again on all different purchases
- Welcome bonus: You possibly can
- Annual earnings requirement: None
Professionals
- The cardboard comes with buy safety and prolonged guarantee safety.
- Save $0.03 per litre on gasoline at taking part Petro-Canada stations and earn 20% extra Petro-Factors.
- Get 50 Be Nicely factors per $1 spent at Rexall.
- Get pleasure from a complimentary DashPass subscription for the primary three months.
Cons
- The bizarre rewards construction requires cardholders to learn the superb print fastidiously to grasp the spending limits at which their rewards will improve or lower. You’ll get 2% money again on groceries for the primary $6,000 spent, which then drops to 1% per extra greenback spent within the class. For all different purchases, you’ll get 0.5% money again on the primary $6,000 spent—and 1% thereafter.
- Very restricted insurance coverage providing, with solely buy safety and prolonged guarantee.
Greatest RBC low-interest bank card
At a look: For people making an attempt to sort out bank card debt, the RBC Visa Basic Low Charge Possibility is a priceless card. It provides a constant 12.99% rate of interest for purchases and money advances—that may’t be stated of all low-interest bank cards in Canada. Whereas it might lack intensive perks, it does present benefits like reductions at Petro-Canada and complimentary supply providers by way of DoorDash.
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RBC Visa Basic Low Charge Possibility
- Annual payment: $20
- Welcome supply: None
- Annual earnings requirement: None
Professionals
- With its inexpensive $20 annual payment and no minimal earnings requirement, this card is inside attain for almost all of Canadians.
- Further playing cards can be found for gratis.
- Get pleasure from RBC Provides, which provides cardholders entry to offers and financial savings.
- Earn extra Petro-Factors and get a reduction on gasoline at Petro-Canada.
- The cardboard comes with a three-month complimentary subscription to DashPass.
Cons
- This card doesn’t include any journey insurance coverage.
- Whereas the low rate of interest is a boon to these with bank card debt, it doesn’t characteristic a stability switch promotion, so you possibly can’t transfer debt from a higher-interest card.
Extra of Canada’s greatest bank cards:
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