RBC Royal Bank
Earn substantial welcome bonuses, up to 14,000 Avion points. No annual fee option available. Enjoy strong everyday rewards and insurance protection.
Introducing RBC ION and ION+ Visa Credit Cards
The RBC ION Visa and ION+ Visa are standout rewards cards tailored for Canadians. The ION+ offers a generous 14,000 Avion points upon approval, equivalent to $100 in gift cards. Meanwhile, the RBC ION offers a $0 annual fee, with 7,000 Avion points as a welcome bonus, translating to $50 of value.
Both cards carry a standard purchase interest rate of 20.99% and a 22.99% cash advance rate. No annual fee is required for the regular ION Visa, while the ION+ has a modest $48 annual fee, with a rebate option for students or applicants under 25 years old. Both cards provide an additional card at no extra cost.
Cardholders enjoy robust rewards on daily purchases and essential insurance coverage. The cards focus on maximizing points for groceries, dining, gas, streaming, and more. With high point multipliers in common spending areas, you’ll earn rewards effortlessly.
How to Apply: Step by Step
- Decide between the ION or ION+ based on your needs and preferred rewards.
- Gather required information, including personal and financial details.
- Complete the secure online application form on RBC’s website.
- Submit your application and, in most cases, get a decision within minutes.
- Once approved, activate your card and start earning rewards immediately.
Notable Pros
You’ll find strong value in the high welcome bonus offered, especially with the ION+ Visa’s 14,000 Avion points. Additionally, both cards have outstanding everyday earning rates, with up to 3X points per dollar on groceries, dining, and gas.
The annual fee waiver for students and applicants 24 and under further enhances value. Plus, built-in mobile device insurance and extended warranty coverage offer peace of mind for cardholders.
Potential Cons
The ION+ Visa’s $48 annual fee may reduce appeal for those wanting a strictly no-fee card. While the regular ION Visa remedies this, its welcome bonus and earning power are lower than the ION+.
Both cards share a higher-than-average cash advance rate of 22.99%. For those who may need frequent cash advances, this could be a drawback.
Verdict: Who Should Choose These Cards?
The RBC ION Visa is an excellent no-fee choice for new credit card users or those looking for simple, effective rewards on everyday spending. The ION+ Visa, with its significant bonus and strong points multipliers, suits more active spenders prioritizing rapid rewards accumulation—especially if eligible for the annual fee rebate.
