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RBC ION+ Visa Card Review

Credit Acceptance:

Card Network:

VISA

Good

660-724

Up to 12,000 Avion Points

Signup Bonus

rbc-ion-plus-visa
$
Cash
rbc-ion-plus-visa
$
Cash

Income Requirement:

N/A

6.5/10

Our Rating

Card Type

Points

Annual Fee

$48

Institution

RBC

Interest Rate

20.99%

Earning Rewards

3 Avion points per $1 spent on restaurant, grocery, gas or streaming purchases

1 Avion point per $1 spent on all other qualifying purchases

AVERAGE

Redeeming Rewards

What can you do with your rewards?

Travel

Travel with WestJet

Gift Cards

Statement Credits

RBC Financial Products

Merchandise

Charity

What's a good redemption?

RBC reward points, currently referred to as Avion points are best redeemed towards transferring to an airline partner like WestJet.


Depending on the destination of your travel, only a certain amount of points can be redeemed at maximum.


Learn more on the RBC Avion Rewards website.

AVERAGE

Insurance & Benefits

Mobile Device

$1000

Purchase Protection

90 Days

Extended Warranty

1 Year

• Mobile Device Insurance up to $1000 for 2 years
• Purchase Protection Insurance up to 90 days
• Extended Warranty Insurance doubled up to 1 year
• save 3¢/L on fuel and always earn 20% more Petro Points and 20% more Avion points at Petro Canada

FAIR

Pros & Cons

Pros

  • Bonus saving of 3 cents per litre on gas at Petro-Canada stations.

  • Up to 3 points per dollar on major purchases.

  • 12,000 avion points welcome bonus.

Cons

  • Insurance coverage is relatively low.

  • Avion reward points are generally not as valuable.

RBC ION+ Visa Review


The RBC ION+ Visa is one of the newer credit cards offered by RBC which comes with a low annual fee and decently high rewards to be earned compared to other cards.


This is a points card, part of the Avion Rewards program which allows you to use your points towards several different redemptions.


The Rewards


The RBC ION+ Visa credit card offers one of the highest points earning rates on very popular everyday categories. Here's what you can earn and how to best use them.


How You Earn Rewards


This cards falls in the premium tier of Avion rewards.


You may earn rewards on your purchases as:

  • 3 avion points per $1 spent on grocery, restaurants, food delivery, rideshare, gas & EV charging, streaming, gaming and digital subscriptions.

  • 1 avion point per $1 spent on all other qualifying purchases.


That's a lot of points on everyday purchases like food and groceries. It averages about 3% return on your purchases. Fairly impressive!


It even rewards those with high spendings on gaming and digital subscriptions.


How You Redeem Rewards


These are the multiple ways you can redeem your avion points for ION cards.


Important Note:

It's worth noting that the ION credit cards don't offer the same redemption options as the regular Avion credit cards. The best option for you is to transfer your points the airline partner WestJet.


Unfortunately that's the only airline you can redeem for and other options give lower redemption value.



Welcome Bonus


The RBC ION+ Visa card comes with a welcome bonus of up to 12,000 Avion points upon approval.



Approval


Getting approval for the RBC ION+ Visa card is fairly straight forward. There's no specified minimum income requirement and generally anyone with a good credit score should get approved.


The best part? This card has instant approval, meaning when you apply for it and are qualified, you will get approved instantly.



3 Benefits of the RBC ION+ Visa Credit Card


1. Low Annual Fee and Rebate with RBC Account


This card becomes essentially free when you open an RBC Signature No Limit Banking or RBC Advantage Banking for students account.


Even if you opt not to open one, the annual fee is only charged on a monthly basis for $4 per month, so when you decide to cancel it, you won't have paid for a full year.



2. RBC Additional Features


You can save 3 cents per litre on fuel when you link your card to your Petro-Canada account.


You also earn 50 Be Well points for every $1 spent on eligible purchases at Rexall when you link your RBC card and scan your Be Well card.


You also get a 3-month complimentary DashPass subscription valued at almost $30.


3. Instant Earning of Welcome Bonus


You receive the welcome bonus of 12,000 avion points simply by getting approved. These points could be worth $120 when transferred to WestJet.



2 Downsides of the RBC ION+ Visa Credit Card


1. Poor Avion Rewards Redemption


Unfortunately this card has a lower redemption value when it comes to redeeming your avion points compared to standard Avion credit cards.


2. Low Insurance Coverage


It's surprising that the insurance coverage is rather low for a card that has an annual fee of $48.


Only 1 very valuable type of insurance stands out here - Mobile Device Insurance. This should cover one of your important devices in most places you go to.



Final Verdict


We rate this card 7/10 since it offers a large number of points that can be earned on everyday purchases while also having a low annual fee of $48.


However, due to lower redemption options compared to standard Avion cards, it doesn't stand out as much.


Overall though, this is great card for heavy spenders on food and groceries.


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