RBC ION Visa
Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Total Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$0
Rewards based on $0 average spending
Card Details
Annual Rewards
$254.52
ION Avion rewards
First Year Bonus
$35
ION Avion rewards
Annual Fee
$0
First Year Value
$289.52
$254.52 in years after
Interest Rates
Cash Advance: 22.99%
Purchase: 20.99%
Annual Fee
$0
Annual Income
Personal: N/A
Household: N/A
Credit Score
Good
Welcome Bonus
Get 6,000 Avion points upon approval
Card Type
Reward: Points
Loyalty Program: RBC ION Avion
Our Rating
2.7/5
Institution
RBC
Rewards
- 1.5 points for every dollar in grocery, rides, gas, electric vehicle charging, streaming, digital gaming, subscriptions and more
- 1 point for all other purchases
RBC ION Visa Points Calculator
Based on average spending
Rewards Ranking
Rewards Breakdown
Groceries, Recurring transactions, Gas and Entertainment
7,971 points
All other purchases
17,481 points
Net Annual Rewards
25,452 points
Valued at $254.52
Rewards Summary
Net Annual Rewards
25,452 points
Valued at $254.52
Welcome Bonus
3,500 points
Valued at $35
First Year Value
28,952 points
Valued at $289.52
Point Redemptions
Redemptions Chart
Transfer to Airline Partners
$289.52
Travel
$173.71
Financial products
$240.3
Gift Cards
$208.46
Merchandise
$202.67
Statement Credits
$167.92
Insurance & Benefits
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
Gas Discount
save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
Extra points
50 Be Well points for every $1 spent on eligible products at Rexall
Pros & Cons
Pros
- Good savings on gas if you are a regular petro-Canada gas customer.
Cons
- Insurance coverage is the most basic.
- Reward categories are not the best.
- Avion reward points are generally less valuable.
- Many other cards with no annual fee are available that are all-around better cards than ION Visa.
RBC ION Visa Review
The RBC ION Visa is one of the newer credit cards offered by RBC, which has no annual fees.
This is a points card, part of the Avion Rewards program, allowing you to use your points towards several redemptions.
The Rewards
How You Earn Rewards
You may earn rewards on your purchases as:
- 1.5 avion points per $1 spent on grocery, rideshare, gas & EV charging, streaming, gaming, and digital subscriptions.
- 1 avion point per $1 spent on all other qualifying purchases.
Compared to the RBC ION+ card, this card earns bonus points on much fewer categories and with a much lower earning rate, if you have a moderate spending rate, the ION+ will be a much better option.
Even with the best redemption of 1 cent per Avion point, the equivalent cashback rate for the grocery, rideshare, gas, and subscription is 1.5%, and for all the other purchases, it is 1%. One key category missing, which is usually a significant portion of the expense for many, is Food, Restaurants, and coffee shops, which means many lose out on a lot of potential rewards for their spending on these categories.
One thing some people mistake is that they believe digital subscription means all recurring and pre-authorized transactions, but that's a mistake. As the word says, only digital subscriptions count, so, for example a utility or other payment won't get 1.5 points.
The returns are okay, but in general, whenever the redemption percentage is low, it's better to go for a cashback card because you don't need to go through the trouble of maximizing your points value.
Due to the average rewards earned, the absence of some important categories, and the nuisance of redeeming the point in a specific way, this card only earns an average score for rewards earned.
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 to 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 6,000 Avion points upon approval.
Approval
Obtaining the RBC ION Visa card is quite simple. There isn't a set minimum income needed, and if you have a credit score in the Good range, you'll likely be approved.
What's even better? If you qualify when applying for this card, you'll receive immediate approval.
2 Benefits of the RBC ION Visa Credit Card
1. No Annual Fee
The RBC ION Visa has no annual fee, so for people who want have very little spending this could be a good option to go for.
2. RBC Additional Features
You can save 3 cents per liter on fuel when you link your card to your Petro-Canada account. So, if you use Petro Canada a lot, this could add up.
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 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 because of the limitations imposed on ION Avion point redemptions.
2. Low Insurance Coverage
The ION visa only has basic purchase protection and an extended warranty. The minimum benefits almost all free cards have. This is a big downside because better cards have some good benefits to go for, like Roadside assistance, No foreign Transaction fee, etc.
So, if you are looking for good benefits, the ION visa is probably not the option you should be looking at.
3. Very Average Rewards
As mentioned in the rewards section, the ION visa does not cover some popular spending categories like food and restaurants. Also, the reward rate is not that high; therefore, it might be just easier to get a cashback card instead of an ION Visa to not go through the trouble of redeeming points.
When users use the calculator to calculate the best card for them, ION Visa rarely even shows up in the top 10, which means it's not doing that great in that section.
Final Verdict
The ION Avion card offers neither exceptional benefits nor rewards, even as a free card. It stands as a very average option, with many superior and inferior alternatives available, both paid and free. Consequently, its rating reflects its position as a middle-of-the-road card in the market.