What the Card Offers
RBC markets the Visa Platinum as a no-fee card with travel accident, rental car and purchase insurance, plus access to Avion Rewards partner offers.
- $0
No annual fee1
No annual fee for the card or additional cards.
- Rental
Auto rental collision cover1
Collision and loss damage waiver insurance on rentals charged to the card.
- Accident
Travel accident insurance1
Coverage for accidents on common carriers when the fare is charged to the card.
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- 90 days
Purchase security1
Coverage for loss, theft or damage for 90 days, and up to 1 extra year of warranty.
Benefits as advertised by the issuer. The conditions attached to them are in the Fine Print Report below.
Sources (1)
- RBC Visa Platinum product page (retrieved 2026-10-13)
The Fine Print Report
Light fine print. Few catches, but limited value.
No travel medical insuranceImpact level: High
No emergency travel medical insurance
The RBC Visa Platinum's certificate of insurance doesn't include out-of-province or out-of-country emergency medical coverage.
Why it matters: Buy separate travel medical insurance for every trip outside your province.
No rewardsImpact level: Medium
Earns no points or cash back
The Visa Platinum doesn't earn rewards on purchases; its benefits are insurance and partner discounts.
Why it matters: RBC's no-fee ION Visa and Cash Back Mastercard earn rewards for the same $0 fee.
2.5% FX markup; refunds won't fully reverseImpact level: Medium
Foreign currency purchases are converted at 2.5% over the benchmark rate, and refunds won't fully reverse
Purchases in a foreign currency are converted to Canadian dollars at 2.5% over the benchmark exchange rate; some are converted to U.S. dollars first. If you carry a balance, interest is charged on the full converted amount. If a foreign purchase is refunded, the agreement says the charge and credit won't exactly balance because of the exchange rate.
Why it matters: Every $1,000 spent abroad or online in foreign currency costs about $25 in conversion markup.
2 missed payments: higher rates for a yearImpact level: Medium
Two missed payments in 12 months raise your rates until you pay on time for 12 straight months
If your minimum payment isn't made by the due date and still isn't paid by your next statement date, twice in any 12-month period, RBC raises your purchase and cash advance rates to the higher rates in your Information Box. The higher rates apply to new transactions and all remaining balances until you make 12 consecutive on-time minimum payments.
Why it matters: Carrying a balance becomes more expensive for at least a year. Automatic minimum payments prevent it.
RBC can debit your other accountsImpact level: Medium
RBC can take what you owe from your other RBC accounts without telling you first
If you don't meet the agreement's payment terms, RBC can deduct amounts owing on the card from any other account you have with RBC and apply them to the card, without notice in advance.
Why it matters: If your chequing account is also at RBC, a missed card payment can lead to a withdrawal you didn't schedule.
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You pay RBC's collection legal feesImpact level: Low
If your account goes to collections, you pay RBC's collection and legal costs
Outside Quebec, if RBC uses a collection agency or law firm to collect what you owe, you must pay all of its expenses, including legal fees on a solicitor-and-client basis. An overlimit fee is also charged each statement period you stay over your limit.
Why it matters: Falling behind costs more than the interest alone.
Who This Card Is For
Great fit if you...
- Want a no-fee card with rental car coverage
- Don't care about rewards
- Want a backup card
- Rent cars occasionally
- Prefer simplicity
Consider alternatives if you...
- Want rewards on your spending
- Need travel medical insurance
- Carry a balance (20.99%)
- Make many foreign-currency purchases
- Want phone insurance
The Verdict
The Visa Platinum's main benefit is no-fee rental car coverage.
It earns nothing on purchases, while RBC's other no-fee cards earn points or cash back.
The Recommendation: Choose it only for the rental coverage. The ION Visa or Cash Back Mastercard earn rewards at no cost.
Before you apply: This teardown is general information, not financial, legal or insurance advice, and reflects the issuer's documents as of October 2026. Terms, rates, fees and offers change, and the issuer's own agreement, disclosure statement, insurance certificates and program terms are what govern your card. Read them in full and confirm details with the issuer before you apply. Full disclaimer