RBC Ion+ Visa

Last updated: September 16, 2022
  • 12,000 Avion points
  • $4 Monthly fee
Best offer is available until November 30, 2022
Signup bonus:
12,000 Avion points upon approval
Monthly fee:
$4
Earning rate:
3 Avion points for every $1 spent on grocery, dining, food delivery, gas, rideshare, daily public transit, electric vehicle charging, streaming, digital gaming and digital subscriptions
1 Avion point for every $1 spent on all other purchases
Insurance:
Average

The RBC Ion+ Visa is good card for casual travellers who spend enough on gaming and digital subscriptions to make it worth the additional $4 per month compared to the basic RBC Ion Visa.

For the small monthly fee, there is also basic insurance coverage including mobile device insurance, purchase security, and extended warranty.

Bonuses & Fees

The signup bonus on the RBC Ion+ Visa card is 12,000 Avion points, granted all at once upon approval. This is an easy 6,000 points just for opening the card, and is worth $70 when redeemed directly for travel.

The card has a monthly fee of $4 for primary cardholders, with no fee for supplementary cardholders.

Please see the RBC site for more details on offers.

Earning Rewards

The RBC Ion+ Visa card offers the following earning rates:

  • 3 Avion points for every $1 spent on grocery, dining, food delivery, gas, rideshare, daily public transit, electric vehicle charging, streaming, digital gaming and digital subscriptions
  • 1 Avion point for every $1 spent on all other purchases

The first thing you’ll notice is not only the unique categorized earning, but the incredibly high elevated earning rate of 3x on streaming, digital gaming, and digital subscriptions.

Compared to the basic RBC Ion Visa, this is double the categorized earning for $4 a month. Valuing 1 Avion point at 2¢ each, you’re better off with the Ion+ if you spend at least $134 a month on groceries, dining, food delivery, gas, gas, rideshare, daily public transit, electric vehicle charging, streaming, digital gaming, and digital subscriptions.

The baseline earn rate of 1 Avion point per $1 spent is on par with many mid-tier credit cards as well, offering a decent value for its monthly fee.

But if you’re serious about travelling in style, it would still make the most sense to apply for any of the stronger cards out there (such as the RBC Avion Visa Infinite, to name just one).

Redeeming Rewards

Although the RBC Ion+ Visa earns the same Avion points as the higher-tier RBC credit cards, these points can’t be transferred to RBC’s airline partners, except WestJet where the prevailing 1:1 ratio (1 Avion point = $0.01 in WestJet Dollars) applies.

Also, Ion+ cardholders can’t redeem points via the Air Travel Redemption Schedule, which lets you use Avion points to book round-trip economy class tickets departing from Canada, up to a certain maximum ticket price.

Instead, you’re limited to using your points at a flat rate of 0.58 cents per point (cpp) for travel booked via the Avion Rewards centre, which is a lot weaker than the 1cpp redemption rate that you get from holding a higher-tier Avion card.

Luckily, if you ever decide to upgrade your Ion+ card to one of the RBC Avion cards, any points you’ve collected will be upgraded as well. Then, you’ll have the ability to access higher-value travel redemptions that are exclusive to Avion cardholders.

Your points never expire for as long as you’re a cardholder. If you cancel or switch to a different RBC product, you have 90 days to redeem your points before they go away.

Perks & Benefits

All RBC cardholders can save 3¢/L on fuel at Petro-Canada, and will earn 20% more Petro-Points and Avion points upon linking their card to their Petro-Points account.

RBC Ion+ Visa cardholders will also receive three months of free DoorDash DashPass.

Insurance Coverage

The RBC Ion+ Visa card does offer basic insurance coverage, which is decent for its minimal annual fee. There is mobile device insurance, purchase security, and extended warranty insurance.

Apply Now

As a basic product, the RBC Ion+ Visa has no minimum income requirement.

Follow the below link to the RBC website to learn more about this card and submit an application.

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