Overview of the RBC ION Visa

RBC ION Visa

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Earn rewards

1.5 points/$1

On every $1 spent on grocery, rides, gas, EV charging, streaming, digital gaming, and subscriptions

1 point/$1

On every $1 spent on all other qualifying purchases

RBC ION Visa details

Welcome bonus: earn 3,500 Avion points upon approval and get a 0.99% interest rate on cash advances and balance transfers for the first 10 months. Apply by December 6, 2023.
Annual fee: $0
Reward: Earn 1.5x points on every $1 spent on grocery, rides, gas, EV charging, streaming, digital gaming, and subscriptions, 1x points on every $1 spent on all other qualifying purchases
Average point value: $0.007
Balance transfer offer: 0.99% per month for the first 10 months
Purchase interest rate: 20.99%
Cash advance interest rate: 22.99%
Balance transfer interest rate: 22.99%
Minimum income: Any amount
Household income: Any amount
Network: VISA
Provider: RBC Royal Bank
Card type: Travel

Detailed card summary

Benefits & features

Enjoy 3,500 Avion points upon approval and get a 0.99% interest rate on cash advances and balance transfers for the first 10 months. Apply by December 6, 2023.

Earn 1.5X Avion points on:
- Grocery - Satisfy your taste buds by earning points on groceries
- Rides, Gas & EV Charging – Enjoy earning points on gas, rideshare, daily public transit, electric vehicle charging, and more
- Streaming, Digital Gaming & Subscriptions – Stay entertained while earning points on streaming, gaming, eligible digital subscriptions, eligible digital downloads, and in-game purchases
Earn 1 Avion point for every $1 spent on all other qualifying purchases
Exclusive savings and rewards
- Automatically become an Avion Rewards Premium member when you get the RBC ION Visa. Download the Avion Rewards app to access points, cash back deals, and savings all in one program. Plus, download the Avion Rewards ShopPlus browser extension to save with cash back deals right where you shop online from 1,900+ retailers.

How to redeem

How to get approved

Ratehub review

Natasha Macmillan

November 29, 2023

0 | Our rating

The RBC Ion Visa is the best entry-level card offered by RBC with no annual fee allowing you to earn 1.5 points per dollar spent on groceries and dining and 1 point per dollar spent on all other purchases. Pros

No annual fee or income requirement

Cons

Limited insurance coverage
Low points value: With this card, you earn a slightly modified Avion Rewards point which are worth less than those earned through other RBC Avion cards

Legal

Refer to RBC page for up to date offer terms and conditions

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*To receive the 3,500 welcome Avion points (“Welcome Points”), your application for the RBC ION Visa credit card must be received by the date indicated on this page and must be approved by us. The Welcome Points will appear within the first two monthly statements. Additional cardholder(s) (co-applicant and authorized user(s)), as well as existing cardholders of any RBC personal credit cards, applying for or transferring to an RBC ION Visa, as of the offer eligibility period, are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer unless otherwise set out. Royal Bank of Canada reserves the right to cancel, modify or withdraw this offer at any time.
To get $25 worth of gift cards/certificates, you will need a total of 3,500 Avion points, based on a redemption of 3,500 Avion points for most $25 gift cards/certificates. Some exceptions apply. Point redemption values may fluctuate. For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, as well as for current point redemption values, please visit https://www.avionrewards.com/terms-and-conditions.html or call 1-800-769-2512.
^In order to benefit from the 0.99% introductory interest rate on cash advances for 10 months, your application must be received the date indicated on this page and approved by us. The introductory interest rate offer is applicable to all cash advances (i.e. cash withdrawals from a bank branch or ATM with your RBC Royal Bank credit card, balance transfers, cash-like transactions and bill payments that are not pre-authorized charges that you set-up with a merchant). All other account activities, including purchases, are subject to the standard account annual interest rate(s) as shown in the Information Box. Interest is charged from the day the cash advance is made, until we receive your payment for the total amount you owe. The introductory interest rate on cash advances remains in effect through the first 10 full monthly statement periods (approximately 10 months from account open date). The Interest Rate Chart on your monthly statement will indicate the date on which the introductory interest rate expires, as long as you have a remaining balance associated with your introductory interest rate. If we do not process statements on the expiry date (for example, if it falls on a holiday or weekend), you will continue to benefit from that introductory interest rate until your statement is prepared, the next processing day. Once the offer expires: (i) all cash advances; and (ii) any remaining balances, which were subject to the introductory interest rate under this offer, will be subject to the cash advances interest rate indicated on your monthly statement. In general, if your credit card account consists of balances with different interest rates, such as purchases at the standard interest rate and cash advances at an introductory or promotional interest rate (e.g. a special lower rate balance transfer, or a temporary lower rate on all cash advances), any payment that exceeds the minimum payment due will be allocated to those balances in a proportionate manner. Your payment will not be applied to the balance(s) of your choice, such as the balance(s) with the highest interest rate, or to any category of balance(s) following a specific order. For example, if your purchases balance at the standard interest rate is $800 and you have a cash advances balance of $200 at one promotional interest rate, proportionate allocation means that 80% of your payment will be allocated to your purchases balance and 20% will be allocated to your cash advances balance. If you miss making any minimum payment by the payment due date and if you have not paid it before the date we prepare your next monthly statement, and/or if you change your actual RBC Royal Bank credit card for another type of card before the expiration of the offer, you will lose the benefit of this and any other introductory or promotional interest rate offer(s) in which you are participating and any remaining balance(s) which were subject to the introductory or other promotional annual interest rate under an offer(s) will be subject to the annual interest rate(s) indicated on your monthly statement, beginning on the first day of the third statement period after the missed payment. Cash advances do not qualify for Avion® points, partner rewards or cash back credits if your credit card is a type that earns rewards. Balance transfers cannot be used to pay any RBC Royal Bank credit card account or used for pre-authorized payments. Please call customer service at 1-800 ROYAL 1-2 (1-800-769-2512) for up to date information on your credit card account. Your RBC Royal Bank Credit Card Agreement explains the terms under which you use your RBC Royal Bank credit card. Please refer to it for full details.

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