rbc travel insurance visa

RBC ® Travel Insurance

Taking a trip see if your rbc ® credit card covers you..

In just a few minutes, you can see what travel insurance you have on your RBC credit card, whether you have enough coverage for your trip, or if you need to buy additional coverage. It’s that simple!

See what travel insurance coverage your card has:

Required Information

Which RBC credit card did you use to pay for the full cost of your trip?

Good news! Your card has some travel insurance coverage.

Your card provides some valuable travel insurance coverage for you and other covered persons (opens modal window) .

Covered Persons

Covered Persons refer to you (the cardholder), your spouse and your dependent child/children who travel with you or join you and/or your spouse on the same trip. Plus, if your card includes Trip Cancellation and Interruption insurance your dependent children who are age 16-24 can travel on their own (without you or your spouse) and be covered for Trip Cancellation and Interruption. (Note: children under 16 travelling on their own are not covered). Other travellers on the same trip are not covered under your credit card travel insurance coverage.

Covered Persons refer to you (the card applicant), your spouse and your dependent child/children who travel with you or join you and/or your spouse on the same trip. Plus, if your card includes Trip Cancellation and Interruption insurance your dependent children who are age 16-24 can travel on their own (without you or your spouse) and be covered for Trip Cancellation and Interruption. (Note: children under 16 travelling on their own are not covered). Co-applicants and authorized users are also covered but their spouse and dependent children are not covered. Other travellers on the same trip are not covered under your credit card travel insurance coverage.

Refer to the credit card Certificate of Insurance for complete coverage details, limitations and exclusions.

Summary of Your Card’s Coverage

• Under age 65: Unlimited coverage Disclaimer 1 for first fifteen (15) consecutive days of your trip
• Age 65+: Unlimited coverage Disclaimer 1 for first three (3) consecutive days of your trip

Out of Province/Country Emergency Medical Insurance

This insurance covers reasonable and customary expenses, in excess of any medical expenses payable by your government health insurance plan or any other insurance plan, for emergency treatment medically required during your trip as a result of a medical emergency.

This is a summary only. All travel insurance is subject to limitations and exclusions. Refer to the credit card Certificate of Insurance for complete coverage details, limitations and exclusions.

Trip Cancellation Insurance

This insurance protects eligible cardholders against the cost of non-refundable prepaid travel arrangements if the trip is cancelled prior to your departure, due to a covered reason. For this coverage to be effective, you must have purchased your prepaid travel arrangements with your RBC ® credit card and/or Avion ® points.

Trip Interruption Insurance

Flight delay insurance.

If you miss your connecting flight, are denied boarding or your flight is delayed, this insurance reimburses you, up to a certain maximum, for reasonable and necessary expenses you may have (for example, a hotel room or restaurant meals) as long as you have checked in with the air carrier and you paid for your airline ticket with your RBC ® credit card and/or Avion ® points.

Delayed Baggage Insurance

If your checked baggage is lost or delayed, this insurance reimburses you, up to a certain maximum, for reasonable and necessary emergency purchases that you need, as long as you paid for your airline ticket with your RBC ® credit card and/or Avion ® points.

Hotel/Motel Burglary Insurance

If you need to repair or replace personal property that has been damaged or lost due to a burglary of your hotel/motel room or cruise cabin and you are a registered guest, this insurance reimburses you, up to a certain maximum, as long as you paid for your hotel/motel room or cruise cabin with your RBC ® credit card and/or Avion ® points.

Travel Accident Insurance

This insurance covers you for accidental bodily injury or death if you are injured during an accident that occurs while you are travelling on a common carrier (such as a passenger plane) as long as you paid for these transportation arrangements with your RBC ® credit card and/or Avion ® points before departing on your trip.

Auto Rental Collision/Loss Damage Waiver Insurance

When you pay for the entire cost of the rental vehicle using your RBC ® credit card and/or Avion ® points, this Insurance covers you and/or a rental agency for loss/damages to eligible rental vehicles up to the actual cash value of the damaged or stolen rental vehicle. The length of time you rent the same vehicle must not exceed forty-eight (48) consecutive days.

All insurance is subject to limitations and exclusions. Download the RBC Avion Visa Infinite Certificate of Insurance (opens PDF in new window) for complete details.

Legal Disclaimer 1) Unless otherwise noted in the Certificate of Insurance, the maximum benefit for emergency medical insurance is unlimited.

All insurance is subject to limitations and exclusions. Download the RBC Avion Visa Platinum Certificate of Insurance (opens PDF in new window) for complete details.

Lost/Stolen Baggage

We will pay the covered person for loss or damage to owned baggage and personal effects used for the personal use of the covered person while in transit as checked-in baggage or carried on board the air carrier when the full cost of the airline ticket is paid with your RBC ® credit card and/or Avion ® points.

All insurance is subject to limitations and exclusions. Download the RBC ® Avion ® Visa Infinite Business ‡ Certificate of Insurance (opens PDF in new window) for complete details.

All insurance is subject to limitations and exclusions. Download the RBC Avion Visa Business Certificate of Insurance (opens PDF in new window) for complete details.

• Under age 65: Unlimited coverage Disclaimer 1 for first thirty one (31) consecutive days of your trip
• Age 65+: Unlimited coverage Disclaimer 1 for first seven (7) consecutive days of your trip

All insurance is subject to limitations and exclusions. Download the RBC Avion Visa Infinite Privilege Certificate of Insurance (opens PDF in new window) for complete details.

All insurance is subject to limitations and exclusions. Download the RBC Avion Visa Infinite Privilege for Private Banking Certificate of Insurance (opens PDF in new window) for complete details.

All insurance is subject to limitations and exclusions. Download the RBC Rewards ® Visa ‡ Preferred Certificate of Insurance (opens PDF in new window) for complete details.

All insurance is subject to limitations and exclusions. Download the RBC ® U.S. Dollar Visa ‡ Gold Certificate of Insurance (opens PDF in new window) for complete details.

All insurance is subject to limitations and exclusions. Download the RBC ® British Airways Visa Infinite ‡ Certificate of Insurance (opens PDF in new window) for complete details.

Next Step: Tell us who is travelling so we can give you an accurate quote.

Who do you want to get a quote for?

Why we ask: Since your credit card’s travel insurance covers you, your spouse and/or your dependent children, your quote will calculate the coverage you already have on your card—saving you money!

Why we ask: Since your credit card’s travel insurance does not cover travellers other than you (the cardholder), your spouse and/or your dependent children, your quote for these travellers will not factor in your credit card coverage.

Tip: You will need to get a quote and buy travel insurance for other eligible travellers separately so that we can give you an accurate quote for everyone.

Eligibility

To be eligible for this insurance coverage, a traveller must be:

• A client of the RBC companies or a spouse or child of a client
• A Canadian resident (applicable for Emergency Medical Insurance coverage)

Travel Insurance coverage is not included on your card, but we can cover you!

Although the card you used to purchase your trip does not include coverage, you can get a quote and buy affordable travel insurance now.

We are unable to determine the travel insurance coverage on your card

We can help make sure you’re protected financially every time you travel with affordable trip cancellation and interruption insurance, emergency medical insurance and more. Get a quote and buy affordable travel insurance now.

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Enjoy 35,000 Avion points upon approval * (travel value of up to 750 + )

Get the RBC Visa Infinite Card Today

35,000 Welcome Avion points are enough for a roundtrip flight to fly anywhere in Canada & the U.S (Alaska and Hawaii require more points). Taxes and fees extra +

Your Avion points don’t expire 1 ; so when you’re ready to travel, your points will still be waiting for you.

One-way flights start as low as 7,500 Avion points ± . No blackouts. No seat restrictions. If there’s a seat available, you can fly – even during peak seasons. ±

Book early or last minute  and still get the flights you want at the points you expect–no surprises

Over 50,000 options to redeem –travel the world, buy merchandise and gift cards from your favourite brands, pay down RBC balances, invest in your future and much more 3

Note: The card requires a minimum personal income of $60,000 or a minimum household income of $100,000. Please note this premium card can impose higher acceptance costs on merchants.

Annual Fee:

Additional Card Fee :

Purchase Rate :

Cash Advance Rate :

Min. Income Required:

$60,000 (personal) or $100,000 (household)

Please note, this premium card can impose higher acceptance costs on merchants.

RBC Avion Visa Infinite Card

Additional Fees:

Cash Advance Fee:  $5.00

Balance Transfer Promotional Rate Fee:  Up to 3% of transaction amount

Dishonoured Payment Fee:  $45.00

Overlimit Fee:  $29.00 (If you reside in Quebec, fee does not apply.)

Additional Copies:  $5.00 for Monthly Statement, $1.50 for Statement Updates at the ATM, $2.00 for Transaction Receipts

Installment Plan Fee:  If applicable, either a (i) one-time fee of up to 3% of total purchase amount, or (ii) monthly fee of up to 1.15% of total purchase amount (no fee in Quebec)

Extensive Insurance Coverage

Out of Province/Country Emergency Medical Insurance 4

Heading out-of-province? No problem. Many of your necessary medical expenses are covered so you can travel worry-free. Trip cancellation and interruption insurance 5

Go ahead. Make those plans! Thanks to the premium Trip Cancellation and Trip Interruption insurance included on your Avion ®  card, you can book and enjoy your travels with peace of mind. Auto Rental Collision/Loss Damage Insurance 6

Need to rent a car? Save money when you use your Avion ®  credit card to pay for the cost of your rental. Plus, your card includes comprehensive insurance, covering you for accidents and other damage. Mobile Device Insurance 7

Up to $1,500.

Extra Benefits

Save at Petro-Canada

Link your cards to save 3¢/L on fuel and earn 20% more points. 8

Earn more Be Well points at Rexall

Link your cards to earn 50 Be Well points on every $1 spent on eligible purchases at Rexall. 9

Save with DoorDash

Get a free 12 month DashPass subscription 10 , activate by June 7, 2024 and get exclusive monthly promotions, and earn 5% back in DashPass credit on eligible orders. Save now with DoorDash.

Apply Today

Apply using our online application in 5 simple steps and get a result in under 60 seconds

View Legal Disclaimers Hide Legal Disclaimers

This offer only applies to new applications for an RBC Avion Visa Infinite or RBC Avion Visa Platinum credit card (each, an “ Eligible Credit Card ”) approved by Royal Bank of Canada, subject to the conditions below. Additional cardholders(s) (co-applicant and authorized user(s)) on the Eligible Credit Card account, as well as existing cardholders on any RBC Royal Bank personal credit card transferring to an Eligible Credit Card account, are not eligible for this offer.

35,000 welcome Avion points (“ Welcome Points ”) will appear on your monthly credit card statement within sixty (60) days after your application has been approved, provided that your Eligible Credit Card account remains open and in good standing at the time the Welcome points are credited to your account, “good standing” meaning that your Credit Card Account must not be past due for more than two (2) consecutive credit card account statement periods, closed, charged off or in credit revoked status. If you close or change your Eligible Credit Card for another type of RBC Royal Bank credit card before the Welcome Points have been credited to your account, you may lose the benefit of this offer. This offer may not be combined or used in conjunction with any other offer. Royal Bank reserves the right to cancel, modify or withdraw this offer at any time without notice, even after your application has been approved, including if we suspect that you may be manipulating or abusing it, or engaging in any suspicious or fraudulent activity, as determined by Royal Bank in its sole discretion. For complete terms and conditions that apply to the Avion Rewards Program, please visit  www.avionrewards.com  or call 1-800-769-2512

Air Travel Reward redemptions from the Air Travel Redemption Schedule start at 35,000 Avion points for a round trip long-haul flight to almost anywhere in Canada or the United States, exclusive of Hawaii or Alaska, with a maximum ticket price of $750. All applicable taxes, service fees and surcharges are the responsibility of the traveller. For more details, including information on redeeming for first class and business class seats, visit: www.avionrewards.com/travel/index.html. For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, please visit: www.avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512).

Air Travel Reward redemptions from the Air Travel Redemption Schedule start at 7,500 points for a one-way short-haul flight in economy class with a maximum ticket price of $175 (and start at 15,000 points for a round-trip short-haul flight in economy class with a maximum ticket price of $350). All applicable taxes, service fees and surcharges are the responsibility of the traveler. For more details, including guidelines on redeeming for business class seats, visit www.avionrewards.com/travel/ .

Your Avion points don’t expire as long as your RBC Royal Bank credit card account remains open. However, Avion Rewards will be forfeited twelve (12) months after: (i) you voluntarily close your RBC Royal Bank credit card account (“Account”), or (ii) RBC closes your Account for any reason other than for cause. For complete details, please visit: Avion Rewards Terms and Conditions

Subject to availability. Some restrictions may apply. When you book your travel through Avion Rewards , you may redeem Avion points at the rate of 100 points per CAD $1.00 to pay for any taxes, charges and fees (including sales taxes, GST, baggage charges, fuel surcharges and any other non-ticket costs or charges which may be imposed by travel suppliers and other parties). For complete details, please visit:  www.avionrewards.com/trave l. For complete terms, conditions and restrictions that apply to the Avion Rewards program, please visit:  www.avionrewards.com  or call 1-800 ROYAL 1-2 (1-800-769-2512).

All rewards are subject to availability and may change without prior notice. You may redeem your Avion points for RBC Financial Rewards vouchers that may be used to make a contribution towards any of the registered plans listed under the RBC Registered Rewards category, or applied towards any of the following financial products: RBC Mortgage, RBC Homeline Plan, Royal Credit Line and RBC Personal Loan. Please allow up to 4 weeks for delivery of the RBC Financial Rewards voucher. For complete terms, conditions and restrictions that apply to RBC Financial Rewards, as well as for the definition of RBC Registered Rewards, please consult the Avion Rewards terms and conditions at:

www.avionrewards.com/terms-and-conditions. For complete terms, conditions and restrictions that apply to the Avion Rewards program, please visit: www.avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512).

Under 65 years of age, 15 days of coverage. For age 65 and over, 3 days of coverage. Coverage underwritten by RBC Insurance Company of Canada.

Trip Cancellation insurance is subject to a limit of $1,500 for each Covered Person (to an overall maximum of $5,000 for all Covered Persons) per trip, and it protects eligible cardholders against the cost of non-refundable travel arrangements that were purchased with your RBC Avion Visa Infinite card if the trip is cancelled prior to your departure due to an unexpected or unforeseen covered risk. Coverage underwritten by RBC Insurance Company of Canada. Trip Interruption insurance is subject to a maximum limit of $5,000 for each Covered Person, per trip, for a total maximum of $25,000. This coverage provides reimbursement for the non-refundable unused portion of your prepaid travel arrangements purchased with your RBC Avion Visa Infinite card, due to a covered risk, including the extra costs of economy class transportation to your departure point. Coverage underwritten by RBC Insurance Company of Canada.

All insurance is subject to limitations and exclusions. Please refer to the insurance certificates included in your printed Welcome Kit for complete details or online in Credit Card Documentation.

Coverage underwritten by Aviva General Insurance Company. All insurance is subject to limitations and exclusions. Please refer to the insurance certificates included in your printed Welcome Kit for complete details or online in Credit Card Documentation.

Coverage underwritten by RBC Insurance Company of Canada in the rest of Canada. All insurance is subject to limitations and exclusions. Please refer to the insurance certificates included in your printed Welcome Kit for complete details or online in Credit Card Documentation.

To participate in this offer, you must have an RBC debit card or a credit card which is issued by Royal Bank of Canada (excluding RBC commercial credit cards) (“ RBC Card ”). RBC business clients will only be able to link up to two (2) RBC business credit cards and one (1) RBC business debit card to a Petro-Points card.

You must be enrolled in RBC Online Banking or the RBC Mobile app in order to link your RBC Card to your Petro-Points card. Card linking may take up to 2 business days to process before savings and bonus points can be applied to purchases. A linked RBC Card means an RBC Card linked to a Petro-Points Account. Your linked RBC Card acts as your Petro-Points card. You will automatically earn Petro-Points when you pay for qualifying purchases with your linked RBC Card at Petro-Canada locations and you do not need to swipe your Petro-Points card before you pay. You can redeem your Petro-Points at Petro-Canada using your linked RBC Card. Each time you use your linked RBC Card to purchase any grade of gasoline, or diesel, at a Petro-Canada location, you will save three cents ($0.03) per litre at the time of the transaction.

Each time you use your linked RBC Card to pay for qualifying purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Petro-Points than you normally earn, in accordance with the Petro-Points terms and conditions available at  www.petro-canada.ca/en/personal/terms-conditions . Petro-Points are not awarded on tobacco products, vaping products, gift cards, transit tickets and taxes on non-petroleum purchases.

Each time you use your linked RBC Card that earns Avion points to pay for purchases at a Petro-Canada location, you will earn a bonus of twenty percent (20%) more Avion points (“ Bonus Avion Points ”) than you normally earn for every $1 in net purchases. Please allow up to ninety (90) days from the date the transaction is posted to your RBC Card monthly statement for the Bonus Avion Points to be deposited into your Avion Rewards account.

To participate in this offer, you must have an eligible RBC Debit Card, Personal Credit Card or Business Credit Card which is issued by Royal Bank of Canada (excluding RBC commercial credit cards) (“RBC Card”). RBC Business Owners will only be able to link up to two (2) Business Credit Cards and one RBC Debit Card to a Be Well Card. Eligible RBC Debit Cards are debit cards tied to a personal banking or savings account or a business banking or savings account in good standing that is set up to pay for goods and services at a store or merchant that has point of sale or other designated debit card terminals that accept debit card payments.

You must be enrolled in RBC Online Banking or the RBC Mobile app in order to link your RBC Card to your Be Well Card. Card linking may take up to 2 business days to process before Be Well points can be applied to purchases. Each time you scan your Be Well Card and pay with your Linked RBC Card, you will earn 50 Be Well points for every $1 spent on eligible purchases at Rexall Locations, in accordance with the Be Well Terms and Conditions available at https://www.letsbewell.ca/terms-conditions .

Be Well points are not awarded on taxes; tobacco products; products containing codeine; lottery tickets; alcohol; bottle deposits; gift cards; prepaid cards and wireless or long distance phonecards; event tickets; transit tickets and passes; post office transactions; stamps; passport photos; cash back; gifts with purchases; delivery charges; environmental levies; Home HealthCare services/rentals and any other products or services that we may specify from time to time or where prohibited by law.

To receive a complimentary DashPass subscription for 12 months and pay [MR(1]  $0 delivery fees on orders of $15 or more at eligible restaurants when you pay with your Eligible RBC Credit Card, you must subscribe to DashPass by adding an Eligible RBC Credit Card, accept the DoorDash terms and conditions, and activate your benefit by clicking “Activate Free DashPass” before June 7, 2024 (“Offer Period”). If you are an existing DashPass subscriber and have already added an Eligible RBC Credit Card to your account you must activate your benefit by clicking “Activate FreeDashPass” during the Offer Period. If you have been charged for DashPass you will receive a refund to the method of original payment, in the amount of the monthly subscription fee for the month you activate your complimentary subscription. For all clients, by clicking on “Activate Free DashPass” you agree to the DoorDash terms and conditions which can be found at https://help.doordash.com/consumers/s/terms-and-conditions .

The DashPass monthly subscription fee will be waived (“Complimentary DashPass Subscription”) and you will receive either a 3 month or 12 month Complimentary DashPass Subscription based on the Eligible RBC Credit Card you use to subscribe to DashPass. DashPass subscriptions purchased through third parties, including third-party payment accounts, or online or mobile digital wallets (like Apply Pay and Google Pay) are not eligible for the Complimentary DashPass Subscription.

Eligible RBC Credit Cards:

Your Eligible RBC Credit Card may only be used with one DoorDash account to receive a Complimentary DashPass Subscription. Once you have received a Complimentary DashPass Subscription you cannot use the same eligible RBC Credit Card to obtain a Complimentary DashPass Subscription with another DoorDash account. Eligible RBC Credit cardholders include primary cardholders, co-applicants, authorized users, primary business cardholders and secondary business cardholders on an Eligible RBC Credit Card account. View eligible RBC credit cards . You are only eligible for one 12 month Complimentary DashPass Subscription and one 3 month Complimentary DashPass Subscription during the Offer Period. The Complimentary DashPassSubscription commences on the date you subscribe to receive the

Complimentary DashPassSubscription. You will be auto-enrolled into full-price membership at the then-current rate after the end of the 12 month or 3 month Complimentary DashPass Subscription. Your RBC credit card account must be open and not in default to maintain the benefits of DashPass.

In order to validate your credit card as an Eligible RBC Credit Card, Royal Bank may need to administer a $0.50 charge to validate your card enrollment. This charge will be reversed in 3 to 5 days once your account has been validated. For full details on the complimentary DashPass Subscription visit:

rbcroyalbank.com/credit-cards/documentation/pdf/full-doordash-tcs-en.pdf

DoorDash not Royal Bank of Canada, is responsible for (i) services and products provided through DoorDash; (ii) DashPass, including the DashPass Benefits, the administration of DashPass and (iii) the DoorDash terms and conditions. The Complimentary DashPass Subscription offer may be amended or withdrawn at any time. To learn more about DashPass, visit

www.doordash.com/dashpass. For full DashPass for RBC Program Terms and Conditions, visit rbcroyalbank.com/credit-cards/documentation/pdf/full-doordash-tcs-en.pdf.

DashPass is a DoorDash subscription service that offers unlimited deliveries for $0 delivery fee on eligible restaurant purchases (minimum order amount of $15.00 CAD before taxes and fees) at a monthly subscription fee of $9.99 CAD plus tax. To learn more about DashPass, visit

www.doordash.com/dashpass

21.99% if you reside in Quebec

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RBC Avion Visa Infinite Review 2024: Is It Worth It?

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

NerdWallet Rating

NerdWallet CA

• Pros: Petro-Canada fuel discounts, 12 months of free DoorDash deliveries and travel insurance. 
• Cons: No airport lounge access, free checked bags or priority airport services.

What our Nerd thinks

“The RBC Avion Visa Infinite Card has some travel-specific perks that will appeal to jet setters and road trippers, but it puts in a decent showing as a general rewards card, too. Overall, I think the card will appeal in equal measure to Canadians who want a rewards program with diverse redemption options and travellers seeking the peace of mind provided by a card with travel insurance.”

CREDIT CARD NERD

Shannon Terrell

The RBC Avion Visa Infinite card offers new cardholders up to 35,000 Avion Points. There are no spending categories to keep track of; cardholders earn one Avion point on all purchases and 1.25 points on eligible travel purchases. However, the card’s $60,000 minimum income requirement and $120 annual fee may be high for some applicants.

RBC Avion Visa Infinite

• Annual Fee $120
• Interest Rates 20.99% / 22.99% 20.99% on purchases, 22.99% on cash advances.
• Rewards Rate 1x-1.25x Points Earn 1.25x Avion points on eligible travel-related purchases and 1x on everything else.
• Intro Offer Up to 35,000 Points Get 35,000 welcome Avion points on approval** – Enough to fly anywhere in Canada & the U.S† (Alaska and Hawaii require more points)
• Get 35,000 welcome Avion points on approval** – Enough to fly anywhere in Canada & the U.S† (Alaska and Hawaii require more points)
• Earn 1 Avion point for every dollar you spend* and an extra 25% on eligible travel purchases.
• Avioners can book flights with points on any airline, on any flight, at any time, early or last minute, with no blackout periods or restrictions.
• Avioners earn points that never expire so your points will be waiting for your next adventure.
• Redeem your points for travel and more. Use points for anything from paying bills and paying your card balance to redeeming for Gift Cards and Merchandise at top brands like Apple. The Avion Rewards program gives you the freedom of choice to use your points your way, and helps you make the most as an Avioner.
• Eligible Avion Rewards members can also convert points to other loyalty programs including WestJet dollars, British Airways Avios points and Hudson’s Bay Rewards points.
• Link your RBC card with a Petro-Points membership to instantly save 3₵ per litre on fuel at Petro-Canada stations and earn 20% more Petro-Points and 20% more Avion points.
• Link your RBC card with a Rexall Be Well account and get 50 Be Well points for every $1 spent on eligible products at Rexall. Redeem Be Well points faster for savings in store on eligible purchases where 25,000 Be Well points = $10.
• Get access to RBC offers which provides access to earn points faster at specified brands.
• Extensive insurance including: mobile device insurance, travel insurance (trip cancellation, interruption and emergency medical) and other eligible purchases to protect you and your family.
• Avioners get access to luxury Visa Infinite benefits including first in line for exclusive events, and hotel and dining benefits.
• Avioners no longer need 14-days to book travel using the RBC grid.
• Get $0 delivery fees for 12 months from DoorDash¹⁷ – Add your eligible RBC credit card to your DoorDash account to:
• Get a 12-month complimentary DashPass subscription± – a value of almost $120.
• Enjoy unlimited deliveries with $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card.
• Corresponding legal references and product terms are available on the RBC website, which will be available and agreed upon in the customer onboarding process.
• Full review
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• How to apply

RBC Avion Visa Infinite vs TD First Class Travel Visa Infinite

• Rating methodology

RBC Avion Visa Infinite full review

The RBC Avion Visa Infinite card is one of six personal credit cards from the Royal Bank of Canada that offers Avion points — a loyalty program specific to RBC. You can spend Avion points on a range of products like flights, electronics, investments and more. The company’s Visa Infinite card is among the more expensive of RBC’s personal Avion credit cards. 

Benefits of the RBC Avion Visa Infinite card

• 35,000 Avion Points upon approval and 20,000 bonus points when you spend $5,000 in your first 6 months. Apply by Apr. 30, 2024.
• No seat restrictions or blackouts when you book travel using Avion points.  
• Free Doordash deliveries for 12 months. (Must activate before Jan. 1, 2024).
• Discounts and additional Avion points available when you rent with Hertz, or link the card to a Petro-Canada card. 

Drawbacks of the RBC Avion Visa Infinite card

• Minimum income requirement of $60,000 ($100,000 for household).
• No airport lounge access. 
• RBC has low Trustpilot and BBB ratings. 

Who should get the RBC Avion Visa Infinite card?

You may want to get the RBC Avion Visa Infinite card if you:

• Want to collect Avion points on all purchases.
• Have a Be Well or Petro-Canada card and want to take advantage of extra discounts. 
• Use Hertz or Doordash and want to take advantage of the card’s free delivery offer and rental car discounts.

Is RBC Avion Visa Infinite worth it?

If you want a card that offers consistent Avion points across all purchases the RBC Avion Visa Infinite may be right for you. However, the high income requirement, lack of airport lounge access and an average earn rate that’s lower than other RBC credit cards may reduce this card’s value for some people. 

RBC customer ratings

• Below average in customer satisfaction: RBC ranks 8 out of 13 in J.D. Power’s 2023 Canada Credit Card Satisfaction Study.
• Low Trustpilot rating: 1.2 out of 5 possible stars based on over 1,000 customer reviews, as of this writing.
• Low Better Business Bureau rating: 1.2 out of 5 possible stars based on over 130 customer reviews, as of this writing. RBC is not accredited by the BBB itself.

RBC Avion Visa Infinite eligibility

Who qualifies for the rbc avion visa infinite card.

To qualify for the RBC Avion Visa Infinite card, you must earn a gross income of at least $60,000 ($100,000 per household) or have a minimum of $250,000 investable assets. 

In general, you must be at least the age of majority and a resident of Canada to qualify, unless otherwise stated by the card issuer. 

Approximate credit score needed for approval

Canadian credit card issuers rarely disclose required credit scores, which makes it hard to know your chances of approval when comparing credit cards. What we do know is that higher scores have better chances of approval — that’s true no matter what type of credit you’re applying for. Want to learn more? Visit our “ What Credit Score is Needed for a Credit Card? ” page.

» MORE: How to Check Your Credit Score

RBC Avion Visa Infinite rewards

Earn 35,000 Avion points when you’re approved for the RBC Avion Visa Infinite card and 20,000 bonus points when you spend $5,000 in your first 6 months (must apply by April 30, 2024).

You could save up to $1,100 on flights. The card’s 35,000 welcome points can be used to purchase a long-haul return flight to eligible destinations with a maximum ticket price of $1,100.

• Earn 1 Avion point for every CAD spent on all purchases. 
• Earn 1.25x Avion points on eligible travel purchases. 
• Earn 1.20x Avion points on eligible Petro-Canada purchases. 
• Earn 3x Avion points on eligible Hertz purchases. 

How to apply for the RBC Avion Visa Infinite card

• Click the Apply Now and then the Get Started buttons on the RBC Avion Visa Infinite web page.
• Confirm if you are an existing RBC customer or not. Sign in if you are an existing customer for a faster application process. 
• If you are not an existing member, review the card’s terms and conditions and click Continue. 
• Enter your personal details, such as full name, email, date of birth and address.
• Enter any employment or financial information requested. 
• Review and submit your application.

Both cards have similar income requirements, but have different loyalty programs and earn rates.

Reasons you might want a different card

If you’re looking for a rewards card outside of the Avion points program, that has higher earn rates and offers airport lounge access, you may want to look elsewhere. 

RBC Avion Visa Infinite facts

Rating methodology.

NerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in  our evaluation methodology  include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.

Frequently asked questions about RBC Avion Visa Infinite

No. RBC Avion Visa Infinite does not offer access to airport lounges. The bank’s higher-tiered card (RBC Avion Visa Infinite Privilege) does offer lounge access.

You must have a minimum gross income of $60,000 ($100,000 for the household) or at least $250,000 of investable assets to be eligible for this card.

About the Author

Georgia Rose is a lead writer on the international team at NerdWallet. Her work has been featured in The Washington Post, The New York Times, The Independent and The Associated…

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RBC to Transition HSBC Cardholders by March 2024

In late 2022, RBC announced its plans to acquire HSBC Bank Canada .

Since then, the acquisition has been approved by the Canadian government, albeit with a laundry list of conditions, and RBC has been preparing to finalize the acquisition.

With the completion of the transition imminent, new details have been trickling in regarding the future of HSBC Canada’s products, including those pertaining to the much-beloved HSBC World Elite Mastercard.

Recently, HSBC customers have been receiving communication regarding the upcoming acquisition by RBC .

At first, emails were sent to update customers that the acquisition had received regulatory approvals, and that cardholders would receive further communication about the transition plan.

More recently, customers have been receiving a packet in the mail detailing what will happen to their existing products.

Of particular interest to the Canadian Miles & Points community is the transition plan for the HSBC World Elite Mastercard, which has long been a keystone travel credit card, with its no foreign transaction fees , flexible HSBC Rewards points, and many other features.

In the information packet sent out by mail, it was learned that legacy cardholders of the HSBC World Elite Mastercard will be transitioned to the RBC® Avion Visa Infinite† .

The packet also outlines a number of other important details about features of the transitioned card, which we’ll discuss below.

Card Features

Once transitioned, the RBC® Avion Visa Infinite†will feature no foreign transaction fees, as was the case with the HSBC World Elite Mastercard. However, this isn’t a feature that’s available to “standard” RBC® Avion Visa Infinite† cardholders who didn’t previously have the HSBC World Elite Mastercard, and it’s only for those transitioning from the HSBC World Elite Mastercard.

When it comes to the HSBC World Elite Mastercard’s $100 annual travel enhancement credit, there will be a one-time travel credit available for use in the Avion Rewards travel portal for hotels and cars only. The credit to be available is the sum of any remaining value from the HSBC travel enhancement credit, plus $100 (CAD).

At most, this means that you’ll have a $200 (CAD) travel credit available to use for hotels and cars in the Avion Rewards portal as a one-off benefit.

The credit will be valid for up to one year following the card migration date, and unfortunately, it won’t be an ongoing benefit.

Among the ancillary features of the HSBC World Elite Mastercard are the pay-per-access DragonPass membership and Boingo Wi-Fi access. Sadly, no similar benefits are attached to the transitioned RBC® Avion Visa Infinite†.

Earning Points

RBC has stated that any remaining HSBC Rewards points will be converted to Avion Rewards points at a “comparable value.” However, details of the conversion rate haven’t been communicated yet, but we can expect to learn more soon.

If you have points sitting in your HSBC Rewards account, it’s best to wait until an announcement before taking any further action.

When it comes to earning rates, it appears that the transitioned cards will adopt the default earning structure of the RBC® Avion Visa Infinite†, which is as follows:

• 1.25 RBC Avion points† per dollar spent on qualifying travel purchases
• 1 RBC Avion point† per dollar spent on all other qualifying purchases

For comparison, the earning rate on the HSBC World Elite Mastercard was as follows:

• 6 HSBC Rewards points per dollar spent on eligible travel purchases
• 4 HSBC Rewards points per dollar spent on eligible gas, groceries, and drugstore purchases
• 2 HSBC Rewards points per dollar spent on all other eligible purchases

At a minimum, the corresponding minimum redemption value for HSBC Rewards points is 3%, 2%, and 1%, respectively, since you can redeem them at a rate of 0.5 cents per point against travel purchases.

Meanwhile, the minimum redemption value of RBC Avion points earned on the transitioned cards is 1.25% and 1%, respectively. This is because you can redeem RBC Avion points at a rate of 1 cent per point against travel purchases.

This means that HSBC cardholders will be losing out on an accelerated earning rate on eligible travel, gas, groceries, and drugstore purchases.

To use a different value comparison, we value RBC Avion points at 2 cents per point, and HSBC Rewards points at 0.8 cents per point. These elevated values above the baseline are due to the flexible nature of both points currencies, which can be transferred to airline programs, as well as the respective transfer ratios to partner airlines in both programs.

Even though we value RBC Avion points more than HSBC Rewards, when you consider the earning rates on both cards, the HSBC World Elite Mastercard had more valuable returns, as per our valuations.

Insurance Coverage

Starting March 31, 2024, the insurance coverage for RBC® Avion Visa Infinite† will take effect for new purchases made on the card.

It’s worth noting that there are some notable differences in insurance coverage between the two cards, while in other cases it’s comparable.

With the HSBC World Elite Mastercard, cardholders and dependents are covered for travel emergency medical insurance for the first 31 consecutive days of a trip for those under 65, and the first 21 consecutive days for those over 65.

Meanwhile, with the RBC® Avion Visa Infinite†, cardholders and dependents are covered with travel emergency medical insurance for only the first 15 consecutive days for those under 65, and the first three consecutive days for those over 65.

Other Cards

If you hold the HSBC +Rewards Card , you’ll be transitioned to the RBC® ION Card , with the annual interest rate kept at 11.90%.

If you hold the HSBC Metal World Elite Mastercard, you’ll be transitioned to the RBC Avion Visa Infinite Privilege for Private Banking credit card, with the following features:

• No annual fee (regularly $399)
• No foreign transaction fees
• $400 Avion Rewards travel credit (one-time only; $200 + any remaining credit from your HSBC Metal World Elite Mastercard)
• Six free lounge visits through the Visa Airport Companion Program (DragonPass)

It’s not clear if all HSBC Metal World Elite Mastercard-holders will receive this offer, or if this is exclusively for customers eligible for Private Banking.

We’ve yet to confirm details regarding the fate of all other HSBC credit cards.

If you’ve received transition offers for any other HSBC product, please feel free to reach out so we can update this article.

HSBC Canada’s Transition to RBC

As part of the conditions placed on RBC’s acquisition of HSBC Canada , cardholders were supposed to receive “substantially similar benefits” on the RBC cards to which they’re being transferred.

With this in mind, the only substantially similar benefits on the RBC® Avion Visa Infinite† to which cardholders of the HSBC World Elite Mastercard are being transferred are the no foreign transaction fees, and that it earns flexible points that can be redeemed in a variety of ways.

Otherwise, there’s certainly an argument to be made that the benefits offered on transitioned RBC cards aren’t substantially similar.

For example, the HSBC World Elite Mastercard offered a $100 annual travel enhancement credit. The RBC® Avion Visa Infinite† is only offering this as a one-time benefit worth up to $200, but it won’t be a mainstay feature on the card in the years to come.

In terms of earning rates, the HSBC World Elite Mastercard’s three-tiered earning structure offered minimum returns of 3%, 2%, and 1%, whereas the RBC® Avion Visa Infinite† offers a minimum return of 1.25% on travel purchases, and 1% on everything else.

Likewise, cardholders will no longer enjoy complimentary Boingo Wi-Fi on eligible flights and at Boingo hotspots worldwide, and nor will they enjoy a complimentary DragonPass membership (even if it was on a pay-per-use basis).

One of the biggest strengths of the HSBC World Elite Mastercard was that you could earn flexible HSBC Rewards points on out-of-country spending without incurring foreign transaction fees. Plus, the category multipliers counted when abroad, so paying for hotels, car rentals, and any other travel expenses resulted in a great return in the form of points.

With the transitioned version of the RBC® Avion Visa Infinite†, you’ll still enjoy no foreign transaction fees and earn flexible points; however, it’ll be at a lower rate when it comes to travel, gas, groceries, and drugstores, both at home and abroad. And many of the HSBC World Elite Mastercard’s other attractive features will no longer be available.

In Canada, we aren’t as blessed as our neighbours to the south with a bounty of travel credit cards that offer no foreign transaction fees, flexible points with competitive earning rates, and other features that are useful to travellers. Indeed, these reasons made the HSBC World Elite Mastercard so attractive.

With the upcoming loss of the HSBC World Elite Mastercard, and the parallel loss of many of its most attractive features, there’s plenty of room for a new player to step in to compete with Scotiabank’s no foreign transaction fee cards, which remain the best available in Canada.

Without a welcome bonus offered to transitioned cardholders, it’s also worth considering simply applying for an RBC® Avion Visa Infinite† product before the transition happens, especially since the cards are currently offering a record welcome bonus .

In the coming days, we should get an idea of what will happen to HSBC Rewards, and we’ll update this article with our recommendations as soon as we learn more.

If you’re not satisfied with the transition, refer to information about filing complaints listed on the Financial Consumer Agency of Canada’s website .

RBC is in the final stretch of acquiring HSBC Canada . By the end of March 2024, all HSBC Canada clients will have been transitioned to RBC products.

We now know some details about the transition to RBC for cardholders of the HSBC World Elite Mastercard, who will move to a special version of the RBC® Avion Visa Infinite†.

Fortunately, converted cards will feature no foreign transaction fees ; however, the rest of the features will be changed, including losing the $100 annual travel enhancement credit after a one-time courtesy.

More details about the acquisition are expected in the coming days, including the future of HSBC Rewards points.

†Terms and conditions apply. Refer to the card issuer’s website for complete, up-to-date information.

• Earn 35,000 RBC Avion points † upon approval†
• Plus, earn 1x 1.25x RBC Avion points †  on qualifying travel purchases
• Transfer RBC Avion points to British Airways Executive Club and other frequent flyer programs for premium flights †
• Redeem Avion points for flights with the RBC Air Travel Redemption Schedule †
• Minimum income: $60,000 personal or $100,000 household
• Annual fee: $120 †
• Supplementary card fee: $50

52 Comments

So, I got my HSBC Rewards to Avion conversion email last night (April 1, 2024). Conversion rate used: 1 HSBC = 0.34 Avion points

Most posts on this site suggest a minimum of 1:0.4 based on the transfer ratios to Avios points (2.5:1 for HSC and 1:1 for Avion).

The email provides a comparison of the redemption values using the redemption rates for travel, suggesting that given the conversion rate and the Avion redemption rates you are better off with your new points total: HSBC = 0.5% Avion = 1.5% (Avion Rewards Travel) or 2% (Avion Rewards Business Class Flights)

I think there’s an outstanding question as to whether the flights and pricing on the Avion site are good value to start with but I don’t have info on that.

I’ll note for reference that I was holding the HSBC Metal Mastercard with the annual fee waived. I’ve been transitioned to the RBC Avion VIP with the full annual fee waived (no end date specified) even though typically they only waive up to $120 of the annual fee. Earn rate is 1.25 points on every dollar, no FX fees, they carried over my unused $200 travel credit and added another $200 but this is only for the first year. Oddly, the card includes a dedicated Travel Concierge (separate from the VIP Concierge) but travel booked through the TC is not eligible for the travel credit – only travel made through Avion Reward Travel online portal.

How sure are we the travel credit will be doubled after migration ($200 max)? In my info emails it only talks about comparable points conversion and thats about it! I’m also thinking about redeeming my points before the transition as it seems the “comparable” is smoke screen for ‘we gonna jip you’

I am also waiting for confirmation about the FX fees and the travel credit. It is not clear in the documentation received with the credit card from RBC.

We have received several comments and emails related to this issue. We have reached out to RBC, and are awaiting their reply.

I just received my new RBC Avion Visa Infinite card, and the credit card agreement they included says there will be a 2.5% markup on foreign currency transactions. How do I know if they’re actually charging the markup or not?

Got the following in an email entitled RBC Migration Checklist # 2 yesterday:

“Any unused points you’ve earned with your HSBC Bank Canada credit card will be converted to Avion points maintaining a comparative value and will be available for redemption one week after the migration date. Your Avion points can be redeemed across a variety of flexible options. You’ll receive detailed information on your Avion points balance and how to redeem them to get the most value from your Avion points shortly after migration.”

So they aren’t going to tell us how much our points will be converted at until after it’s too late? Fantastic. I’ll definitely be redeeming my points before April 1st. My only concern is they’ll cut off the redemption site sooner without prior notice.

Any word on points conversion and/or when HSBC will stop letting you redeem points? I’ve just booked an expensive flight and bunch of AirBnB stays so I now have a bunch of points I can redeem. Wondering if it’s better to do it ASAP or wait…

Yes the Avion card is one I will cancel. Does not meet my HSBC features. Looking for a card that offers medical out of country for 3 weeks lije HSBC for us over age 75. Looking for suggestions guys.

When you get the Avion card you will not give you the sign up bonus points I have stopped using my HSBC card and transitioning monthly payments to a cash back for now. If RBC wants my business they should grandfather the HSBC card perks to us in a show of good faith. As of Feb 4 looking for a new card. I hope most HSBC card do the same thing.

What about the Scotiabank Passport?

I still have a few months left for HSBC SUB before the transition, will the SUB points be honoured with RBC?

A comment from our reader and would like us to add this here:

“I’m 79 and in Thailand. This was my first year to take advantage of the 21 days free medical coverage which I was able to extend to 59 days with a purchase of top-up from Manulife. This was ha HUGE BENEFIT that made the HSBC CARD a NO-BRAINER. Next year that would have been worth thousands! I have hated RBC for years because of other credit card takeovers that destroyed value and am upset about how they have destroyed the best card in Canada. I just paid the renewal fee a few short weeks ago. Are they required to maintain the benefits for the length of my renewal or is it just a complete loss?”

What I find interesting as the PoT and Rewards Canada both tell the followers what the terms of the conversion are BUT both appear to be reluctant or concerned (afraid of retribution by RBC?) to encourage or even suggest that readers/followers should send an email to the complaints commissioner identified to receive concerns/examples on RBC not offering same value on conversion. Is PoT willing to post the necessary contact info for all of us who are being short changed by the RBC conversion?

Strongly agreed! Any email address you can refer for the complaint?

Currently holding the HSBC Metal. I have yet to receive any formal transition communications for this or the related banking side. Last year the annual fee for this card jumped to $499 but I get a full rebate as a Private Client customer.

The replacement on the RBC side is the Avion Visa Infinite Privilege at $399. So far I’m hearing that the max rebate for RBC clients is $120/year leaving me on the hook for $279. I haven’t heard great things about getting travel through RBC and I don’t regularly fly with any of the the airline transfer partners (more Star Alliance or Air France/KLM). I did see a note in a private banking brochure that ‘Exclusive to RBC Avion Visa Infinite Privilege for Private Banking (only available to Private Banking clients), CWT Personal Travel Advisors (100 RBC Rewards points equals $1.50 for flight redemptions and $1 for all other travel redemptions)’ – this would appear to be a 50% premium over the standard redemption rate for flights. Not sure this makes it worth it.

Overall I wasn’t really impressed and last Dec I decided to bite the bullet and get an AMEX Platinum for big purchases/travel – booking through AMEX Travel can get you 3 points per dollar which is pretty good and I trust AMEX travel more than the typical bank travel sites. Plus I fly AC a lot so the points transfer is actually useful.

That still leaves me needing a daily driver where AMEX isn’t accepted. I thought about TD Aeroplan Visa and actually applied but as a non-TD customer the application process took an online form, 2 phone calls and a 1.5 hour branch visit followed by terrible communications and 28 days later confirmation that they had approved my application but at a much lower credit limit. I just couldn’t give my business to a company that took a month to get through a CC application. I told them to keep it (for reference, the AMEX application took < 60 seconds and I had the card in 2 business days). Still looking at options…

Back to a couple months ago, when RBC discontinued Asia Miles Visa Infinite card, they offered 20k welcome bonus for merging to RBC Avion Platinum card, I expected they should do similar for this time. Unfortunately it may not a case this time-hopefully I am wrong.

As a current Premier account holder with HSBC, I would be lost more after transfer completed (RBC offers only one year free VIP cheque account and therefore, only one year annual fee free for the new Avion Visa Infinite card): 1) $50 WE Mastercard rebate annually (considering $100 travel credit, my WE Mastercard is free to use annually!) 2) Monthly fee waives for my worldwide HSBC accounts since I set up my HSBC Canada account as the main account. 3) Other currency accounts will be charged for the monthly fees. 4) Not sure if RBC charges annual fee for the RRSP account? Currently I don’t get charged since I set up for a small amount of monthly contribution. I called RBC on Friday, asked lots questions, but no single question get answered, they spent billions dollars to purchase HSBC, at the end, many HSBC customers walk away-not win-win game!

I’m 79 and in Thailand. This was my first year to take advantage of the 21 days free medical coverage which I was able to extend to 59 days with a purchase of top-up from Manulife. This was ha HUGE BENEFIT that made the HSBC CARD a NO-BRAINER. Next year that would have been worth thousands! I have hated RBC for years because of other credit card takeovers that destroyed value. If they think I will remain with them for a minute longer after the goodies run out then they are going to be surprised. Our renewal was just a few weeks ago. We paid for a year. Is there some requirement that benefits stay in place for the length of the year I have paid for?

As a holder of the RBC Avion Infinite. Kinda disappointed that RBC didn’t offer the no 2.5% FX fee to the Avion card lineup. There’s not a lot of perks considering this is a $120 annual fee card.

ScotiaBank Passport Infinite which has a flexible points system, better earning rates, lounge passes and no FX. For $150

Have had an HSBC Metal World Elite Mastercard for years. Loved the annual $200 travel enhancement credit and unlimited free dragonpass lounge pass I had access to. RBC’s credit card offering doesn’t come close to HSBC’s. What recourse do HSBC clients have if RBC isn’t living up to the takeover terms and conditions imposed by the Mof F ? Who is policing the transition?

Totally agree and I’m in the same position. It is a well written and informative article but falls (slightly) short in suggesting an equitable alternative.

I agree with your concern …..”What recourse do HSBC clients have if RBC isn’t living up to the takeover terms and conditions imposed by the Mof F ? Who is policing the transition?” What I find interesting as the PoT and Rewards Canada both tell the followers what the terms of the conversion are BUT both appear to be reluctant or concerned (afraid of retribution by RBC?) to encourage or even suggest that readers/followers should send an email to the complaints commissioner identified to receive concerns/examples on RBC not offering same value on conversion. Is PoT willing to post the necessary contact info for all of us who are being short changed by the RBC conversion?

What is the Royal Bank benchmark exchange rate vs. the Visa exchange rate… +2%? in the HSBC terms it says the exchange rate is calculated on the Mastercard exchange rate, whereas the RBC terms in the migration package state “Transactions in a foreign currency are converted to Canadian dollars no later than the date we post the transaction to your credit card account, at an exchange rate that is 0% over a benchmark rate Royal Bank of Canada pays on the date of conversion.” A sub-note states, “Section 19 of the RBC Royal Bank Credit Card Agreement states that 2.5% above the benchmark rate is charged for foreign exchange transactions. We are waiving our right to charge this fee for your migrated credit card account, so the 0% is not a change from your current HSBC Bank Canada credit card.”

They use Visa exchange rate, same as when use Scotiabank Passport Visa Infinite. The exchange rate is very close (a little better than Mastercard’s sometimes-I tested a couple times)

Thanks! Was looking for this detail and hoped someone would share it.

Curious how the transition will affect insurance policies for trips booked prior to the switchover? I was planning a booking a flight for March/April and charging it to my HSBC card for the trip cancellation / interruption insurance coverage (up to $2K per passenger). My next best card (Scotia Passport Visa Infinite) only provides $1,500 coverage per passenger. I think the emergency medical coverage with the HSBC card is also longer.

Also am I better off trying to claim the Travel Enhancement Credit now? I’ll probably incur some seat selection fees on my flight which I will try to have charged separately.

I’ll have to wait to see what the points scheme is before deciding whether to ditch this card longer term. Thankfully I don’t have many points saved up and haven’t used the card much in the past year since they reduced the earning rate since I have better cards that are either cash back (BMO World Elite Cashback) easier to redeem the points (Scotia Passport Visa Infinite SCENE+ points can be redeemed at Sobeys / FreshCo grocery stores).

The only reason for keeping this card was the no FX but I also get that with the Scotia card. Had been debating which of these I would keep now that I’m switching my daily banking from Scotia to BMO.

I was wondering the same thing regarding travel insurance. I just bought July trips on the HSBC, but don’t want the RBC. If I cancel the RBC that they give me before July, I am assuming that the travel insurance will be forfeited?

Actually, just found the answer. Yes, travel insurance will be maintained by RBC to honor previous purchases made on HSBC. But if I cancel, then it will be forfeited. Gotta keep the new RBC card until after the trip then.

Interesting – do you have proof, please share? I just called HSBC and they informed me Emergency medical coverage is NOT being honoured -we have flights booked for May and Husband is 75!

Any mention of RBC taking over the relationship with Singapore Airlines as a transfer partner? This was one of the good features of this card. Seems pretty useless now as I already have the Avion card. Not happy about this transition. When will MBNA announce the transfer details to Alaska Airlines?

It’s not confirmed or finalized when MBNA will officiate the points transfer to Alaska. Even though they said they are working on it. So don’t be surprised if it doesn’t go through. Everything is very dynamic in the loyalty industry.

No mention of Singapore Airlines KrisFlyer becoming an RBC Avion transfer partner at this point. As for MBNA Rewards, there isn’t a specific timeline – just sometime in 2024.

Will ditch the card, and concentrate on MBNA Mastercard (better points package and upcoming link into Alaska Airs Mileage Plan) and the new PC Insiders Mastercard (which has enhanced optimum points and delivery options, but for a yearly fee). Both work at Costco and deliver better points. Very disappointed RBC is not really interested in retaining HSBC clients with a decent conversion offer and ongoing program.

Agreed. But not sure if I should apply MBNA now or wait after the big announcement with possible promotion? Feel like 1:1 transfer to Alaska is tooo generous, could keep the old MBNA card holders with the current earning rate and change the new card holder with the new earning rate. If it would be a case, it is good time to apply MBNA?

Frank, I had the MBNA Alaska card. When they ended that program I converted to the MBNA WE card, and they offered 35K MBNA points with a $2000 spend, so they at least rewarded current card holders with this offer, which (pointedly) RBC is doing nothing in their current conversion from HSBC to Avion. I assume when Alaska Mileage Plan becomes a partner again with MBNA, all existing and new cardholders will be treated the same, so it is up to you when you apply for the card. Maybe MBNA will offer an enhanced signup bonus package if there are enough disgruntled HSBC cardholders, who knows?

MBNA did the right thing. Thanks for replying!

HSBC + rewards credit card is migrating to the regular RBC ION card. Keeping the interest rate at 11.90%

Got my migration pack this morning

Thanks very much! I’ve added that into the article.

No info yet on rewards points exchange rate?

Is the current HSBC card good until the expiry date or will it auto expired on March 31? Asking to see if we need to change all future travel bookings since the card may be useless when presented later this year (ie., hotel and card rental).

Thanks for this. Haven’t been mailed anything. Tbh I expected some trash deal but not as trash as this.

Can’t use in costco 1% earning No welcome bonus

Are there instructions on when should i cancel so they don’t charge the annual fee? At the very least lol as the article states, i could apply for the card straightaway and get the welcome bonus. Costs a pull but the HSBC was my newest card anyway.

This is super helpful. Is there anything known about the annual fee? Am I going to have to pay that again on it being transferred to rbc when this wasn’t my choice? Is there a better card than the visa Avion that I should consider? I’ve loved my hsbc card.

Very much appreciate this comprehensive breakdown written, it’s what I’ve been scouring the internet for and even RBC/HSBC doesn’t explain things to such detail. Honestly disappointing the level of insurance coverage and the credit card has dropped from Canada’s best in so many ways to become a middle-of-the-pack credit card. Hoping someone can file a lawsuit based on not being provided “substantially similar benefits”.

Generally speaking, the cards insurance in Canada is stronger than in the US still. Good travel insurances are not as common in the US as in Canada. So we are still good here with many cards

It was time to cancel this card and move on in early 2023 when they changed the base earning rate to 1x on non categorical purchases. It just went from bad to worse with the RBC acquisition. This travel blog used to speak very highly about this HSBC card when there were several better alternatives.

Could you direct us towards these “better alternatives”?

I personally use Scotiabank AMEX Gold, the annual fee gets waived with a qualifying chequing account The Scotia Passport Visa Infinite can be a suitable option for those seeking free lounge visits With these cards u also get the no foreign TX fees benefit, as offered by the HSBC card

National bank world elite mastercard is a suitable contender, with the annual fee recovery possibility through travel reimbursements Desjardins OSESSEY mastercard world elite offers a base 1.5% return which beats the HSBC card Amex Cobalt is a high earning card to have the option to transfer MR points to airline, hotel partners (I used to have this, but canceled it to get the Scotia Gold 2 yrs ago)

The cards you mentioned all have significant worse earning rates on travel, which combined with the no fx and the effectively $50 annual fee made the HSBC WE a good travel card. Amex acceptance especially abroad just isn’t up to par, and the Scotia Passport doesn’t have all that compelling bonus categories (which also got worse when the 3x was changed from any grocery store to only Sobeys family stores).

Sure having the base rate changed to 1x made the card slightly worse, but it was still a competitive option for those who travelled abroad often. Now that RBC is completely gutting the card, there isn’t really a great alternative.

Bummer. I think I’ll be cancelling this one. I already have the Avion infinite as well for another few months.

I have enjoyed holding the HSBC WE for the last several years. Unfortunately the RBC “transition offer” is paltry compared to what HSBC used to offer. I will evaluate things once my points have moved to RBC (thankfully not that many as I just redeemed all against a cruise, and the refundable hotel for the Enhancement Credit), but can’t see myself carrying the RBC card for long.

What if you have the RBC Avion Infinite already, and is up for renewal? Should I switch to BA Visa Infinite?

It is alright hold more than one RBC Avion Infinite cards at the same time. So it is up to you whether you want to switch the existing one out or not. But sure, why not ? 🙂

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Traveling beyond your province or territory protect yourself with travel insurance 9 ..

When your travels take you far from home in Canada, even a minor accident or sickness can become a major expense and a costly inconvenience—especially since the coverage you have may not fully protect you, whether that’s your provincial health plan, protection offered through your credit card or coverage through your employer. 

Your Government Health Insurance Plan (GHIP) typically covers only a limited portion of your medical expenses once you leave the country and your province. For example, a four-day stay in a U.S. hospital for an appendectomy could cost $39,400 (USD), with only $1,600 (CAD) covered by your GHIP. And a one-day stay in a U.S. hospital for a broken arm could cost $32,600 (USD), with only $400 (CAD) covered by your GHIP. 

Coverage offered through your credit card 9 and employer, while valuable, may only cover specific scenarios and not offer the comprehensive protection you will want while you’re away from home.

Travel insurance can cover your entire family for the duration of your trip, and family pricing is generally available to help you save on the coverage you need. If you travel regularly, a multi-trip annual travel insurance plan that can offer protection for a full year, regardless of the number of times you travel, is a smart option to consider.

RBC Insurance – Travel Insurance that offers more coverage in more places ™ RBC Insurance offers the travel coverage you need, as well as 24/7 access to a caring team of medical professionals – no matter how big or small your emergency. Here are some of the reasons we recommend RBC Insurance to our clients:

• 24/7 worldwide emergency travel assistance through a toll-free emergency help line
• Multilingual assistance from caring professionals – ready to help you wherever you are in the world
• Best in class claims service, with knowledgeable claims and service advisors available to you
• Registered nurses and consulting physicians available 24/7

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Get a quote and purchase affordable travel insurance in minutes.

Travel Insurance for Seniors and Snowbirds

Whether you need essential travel medical insurance or coverage for lost baggage, trip cancellation and interruption, and other unexpected events, we offer a wide range of affordable plans for mature travellers.

Here are just a few reasons to protect yourself with RBC Travel Insurance:

24-hour worldwide emergency medical and travel assistance.

Caring, multi-lingual professionals, registered nurses and physicians are available around the clock to make sure you receive the proper help and care you need in case of a medical or other emergency.

Unlimited coverage for eligible medical expenses Disclaimer 1

If you become injured or ill during your trip, your policy will pay for any eligible medical expenses that aren’t covered by your government health insurance.

Coverage for stable pre-existing conditions Disclaimer 2

You can travel knowing you’re financially protected if you need emergency medical treatment during your trip.

Safe transportation to the closest medical facility

If you need urgent treatment, we’ll provide transportation to the most appropriate facility, even if it’s in another country. We’ll also pay to have a friend or family member travel to your bedside.

Direct payment of medical bills, whenever possible Disclaimer 3

We will also coordinate payments with your government health insurance so you aren’t out-of-pocket for any costs.

Get a Travel Insurance Quote

You can get a no-obligation quote and buy now in just a few simple steps. It’s fast and easy using our secure online application.

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Travel Insurance FAQs

Have questions about travel insurance for seniors? Get the answers you need here.

Generally speaking, no. While your age can affect your eligibility for certain coverages, we have packages and plans that cover all age groups. If you are age 65 or older, we may ask you to answer a few questions about your health to make sure you have the most appropriate coverage.

Possibly. Depending on your age, medical condition and, if applicable, your answers to our health questions, pre-existing medical conditions are covered if they are stable for a certain time period (as specified in your policy) before your policy's effective date.

Note: Please refer to the policy document for complete coverage details regarding pre-existing conditions.

Your answers to the health questions (if applicable) will be used to help determine the benefits you are eligible to receive under your insurance policy.

When answering the health questions:

• Take your time. The questions may take up to 10 minutes to complete.
• You (the applicant) should complete and sign the Medical Questionnaire. (If you have someone else complete the Medical Questionnaire on your behalf, it is still your responsibility to make sure the answers to the questions are correct.)
• Read and answer each question carefully and accurately. Review your answers to confirm they are correct. Incorrect answers may lead to your coverage being voided or your claim denied.
• Have your prescriptions or a description of your medications nearby for reference.
• If you are unsure about any questions regarding your medical condition or medications, please speak to your physician.

The right coverage for your trip depends on several factors, including (but not limited to) where you're travelling to, how long you’ll be gone, the kind of transportation you'll be using and, in some instances, your overall health. View all of our travel insurance products now.

Yes, if you are travelling outside your home province or territory. There are several reasons why it's important to get travel medical insurance when you're travelling within Canada. One reason is that accidents can happen anywhere. Another is that government health insurance plans do have limits on reimbursement of emergency medical expenses incurred while you are in another province. For example, the ambulance, emergency dental treatment and prescription drugs might not be covered by some government health insurance plans.

The cost of a trip can be a significant financial investment. A lot can also happen in the time between booking your trip and departing—if a medical emergency or other unexpected event prevents you from going on your trip, you could potentially lose some (or possibly all) of the money you paid.

With trip cancellation and interruption insurance, you're protected when certain situations prevent you from travelling as planned. Examples include:

• You can't travel due to an illness, job loss or immediate family member's medical emergency
• You need to return home earlier than scheduled because of a family emergency or medical condition

Note : We strongly recommend that you purchase trip cancellation and interruption insurance at the time you pay your initial travel deposit. Please see the policy document for complete coverage details, including terms and conditions.

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• no new treatment, new medical management, or new prescribed medication; and
• no change in treatment, change in medical management, or change in medication; and
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• no new test results or test results showing a deterioration; and
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Neo High-Interest Savings Account Review 2024: High Interest With No Fees Or Minimum Balance

Published: Jun 28, 2024, 11:18am

Fact Checked

Table of Contents

Account basics, other accounts and services.

• Pros & Cons

How the Account Stacks Up

Frequently asked questions (faqs).

A handful of direct banks have sprouted across Canada’s financial landscape over the last decade, heralded by Canadians for their customer-centric approach to personal banking products. Among these online-only banks is Calgary-based Neo Financial, which is notable for sharing some of the same creators as the food delivery service SkipTheDishes.

While the digital bank offers a limited yet flexible line of banking and borrowing tools, the Neo High-Interest Savings Account is a popular product, notable for its lack of fees and competitively high, no-strings-attached interest rate.

In this review, we’ll share more about the Neo High-Interest Savings Account and how this high-interest savings account (HISA) might help you achieve your long-term or short-term goals faster.

Best For Easy High-Interest Savings

Neo financial high-interest savings account.

Minimum Deposit Requirement

Monthly maintenance fee.

The Neo Financial High-Interest Savings Account can be opened in minutes and has no fees or minimum deposits with a very high 4% interest rate on every dollar deposited. Not only that, but because this account is provided through Neo by the Peoples Bank of Canada deposits are insured up to $100,000 by the Canada Deposit Insurance Corporation (CDIC).

• 4% interest on every dollar
• Deposits are insured by the CDIC
• No minimum deposits
• Instant transfers between accounts
• Open up to 10 accounts to organize your money
• No branches or in-person customer service
• No bill payment or debit card functions without also opening a Neo Money account
• High interest rate may not last
• Deposits are insured by the CDIC up to $100,000
• Personalize your savings with account names, icons and goal amounts

The Neo High-Interest Savings Account offers a competitive interest rate of 4%, with interest compounded daily and paid to the customer monthly.

The no-fee account does not have minimum deposit or balance requirements and offers unlimited transactions, allowing account holders to move money at no cost.

Customers can open up to 10 high-interest accounts, with options to customize each account with a unique name and icon. This makes saving and tracking balances for specific goals, such as vacations, weddings or down payments, easier.

Users can access the account only through the Neo Financial website or mobile app, as Neo does not currently have dedicated branches or ATMs.

In addition to this savings account working similarly to that of accounts offered by other financial institutions, the Neo High-Interest Savings Account includes insurance from the Canada Deposit Insurance Corporation (CDIC), which insures deposits up to $100,000 at no additional cost.

Neo Financial offers several digital banking products in addition to the Neo Financial High-Interest Savings Account, including:

• Neo Everyday Account: A combination of a savings account , chequing account and secured credit card, The Neo Everyday Account can process transactions and earn up to 6% cash back on various spending categories, including restaurants, bars, streaming, ride-share and food delivery apps, gas and groceries. Customers can obtain a physical Neo Money Card and use it anywhere that accepts Mastercard or debit. Any deposits on the account will earn 2.25% interest.
• Neo Credit: Similar to the Neo Everyday Account, Neo Credit offers another secured credit card option with similar perks. Customers can earn up to 5% on the same categories while reporting on-time payments to Equifax and TransUnion credit bureaus to improve their credit scores.
• Neo Invest: Neo Invest is an online investing platform working in partnership with OneVest. Investing portfolios are tailored depending on factors such as risk tolerance, financial goals, timelines, and personal values. Additional benefits include tax-loss harvesting, with registered and non-registered account options such as a Tax-Free Savings Account (TFSA) , a Registered Retirement Savings Plan (RRSP) , or a personal account.
• Neo Mortgage: Neo Mortgage simplifies the home purchasing process by helping new home buyers through the prequalification process and the post-purchase steps, such as selecting a mortgage or applying for a renewal.

Pros & Cons

• High Interest: Neo Financial offers some enticing perks and some of the highest interest rates on the market. The Neo Financial Savings Account currently offers a rate of 4%, placing it among the highest available in Canada.
• No Fees: Like many neo banks and alternative fintech products, Neo Financial products come with no fees for usage from its customers.
• Additional Products: Neo offers various products, making the bank more inclusive for people looking to maintain a small number of open accounts.
• Limited Products: Unlike financial products available at traditional banking institutions, Neo Financial does not offer many of the same products, such as personal loans , cashier cheques or Guaranteed Investment Certificates (GICs) .
• Absence of Physical Branches: As an exclusively online bank, Neo Financial does not have any physical branches, which may disadvantage some customers.

Neo Financial has made its name in Canada’s alternative finance space, but how does this online bank stack up against its competitors? Let’s take a look at how other high-interest financial accounts from online lenders compare to the Neo Financial High-Interest Savings Account.

• Tangerine Savings Account: The Scotiabank-owned online bank, Tangerine , offers a savings account with 0.06% interest, with a promotional rate of 6% for the first five months.
• Simplii Financial High-Interest Savings Account: CIBC’s Simplii Financial offers the Simplii Financial High-Interest Savings Account with a promotional rate of 5.90%. The deposit amounts offer tiered interest rates ranging from 0.40% to 5.25%.
• EQ Bank Personal Account: Equitable Bank’s online-only banking branch, EQ Bank , offers a flexible high-interest savings account, boasting up to 5% interest on deposits. The account also offers free Interac e-Transfers and a variety of investing products.
• KOHO: Perhaps the most similar of Neo Financial’s competitors, KOHO offers a high-interest savings account with up to 5% interest and 5% cash back. There are no fees, and interest is calculated daily and paid monthly.

Is the Neo High-Interest Savings Account good?

No bank account is perfect, but the Neo High-Interest Savings Account offers an attractive interest rate without limitations. Some users may find the lack of additional services less appealing.

Related: Best High-Interest Savings Accounts

Can you withdraw money from a Neo High-Interest Savings Account?

Yes. Like a regular high-interest savings account, Neo permits account holders to withdraw money from the account without fees or transaction limits.

What is the interest rate for the Neo High-Interest Savings Account?

The Neo High-Interest Savings Account offers an interest rate of 4%.

What is the interest rate for the Neo Everyday Account?

Neo Money offers a range of interest rates depending on the type of purchase that the cardholder makes. Restaurant and bar purchases can earn up to 6%, subscriptions up to 4%, gas and groceries up to 3%, and 0.5% on all other purchases.

Is Neo available in Canada?

Yes. Neo Financial was founded in Calgary, Alberta and is available to Canadians living in all provinces and territories.

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Zack Fenech is a professional finance writer from Toronto. He is passionate about demystifying complex finance topics and making them digestible and easy to follow for the average Canadian. Zack has previous experience writing for various Canadian fintech companies and financial publications, including Ratehub.ca, MoneySense.ca, and WealthRocket, the latter of which he served as editor-in-chief.