Signature RBC Rewards Visa

Last updated: June 28, 2022
  • $39 Annual fee
Annual fee:
$39
Earning rate:
1 RBC Rewards point for every $1 spent
Insurance:
Basic

The Signature RBC Rewards Visa is good card for casual travellers who want to steadily earn RBC Rewards points, and have basic insurance coverage including car rentals, purchase security, and extended warranty.

Bonuses & Fees

This card currently does not offer a welcome bonus. The annual fee is $39, which is waived for students and those who hold RBC Signature No Limit Banking accounts.

Please see the RBC site for more details on offers.

Earning Rewards

The Signature RBC Rewards Visa earns a basic 1 RBC Rewards point per $1 spent on all purchases.

Needless to say, this earning rate isn’t very competitive at all, which is standard for an entry-level card of its calibre. For its annual fee, it does at least reach the “baseline” 1 point per dollar spent.

The Signature RBC Rewards Visa Card is well-suited to casual travellers who are looking to steadily earn RBC Rewards points and eventually redeem for high-value travel on WestJet and international Oneworld partners.

It wouldn’t be ideal to put your daily spending on this card, compared to stronger options such as the RBC Avion Visa Infinite.

Redeeming Rewards

Unlike with the higher-tier RBC credit cards bearing the Avion label, the points that you earn on the Signature RBC Rewards Visa Card can’t be transferred to RBC’s airline partners.

Also, Signature RBC Rewards cardholders can’t redeem points via the Air Travel Redemption Schedule, which lets you use RBC Rewards 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 1 cent per point for travel booked via the RBC Rewards centre.

Luckily, if you ever decide to upgrade your Signature RBC Rewards 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.

Signature RBC Rewards Visa cardholders will also receive three months of free DoorDash DashPass.

Insurance Coverage

The Signature RBC Rewards Visa card does offer basic insurance coverage, which is decent for its minimal annual fee.

There is car rental insurance for cars with an MSRP of no more than $65,000, as well as purchase security against accidental damage within 90 days of purchase, and an extended warranty that doubles the manufacturer’s up to one year.

Apply Now

As a basic product, the Signature RBC Rewards Visa Card 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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