RBC ION+ Visa

RBC ION+ Visa

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RBC Cash Back Mastercard

RBC Cash Back Mastercard

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RBC ION+ Visa vs RBC Cash Back Mastercard: Which one is better?


RBC ION+ Visa

RBC ION+ Visa

3


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

RBC Cash Back Mastercard

RBC Cash Back Mastercard

2.2


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$425.98

RBC ION Avion


First Year Bonus

$70

RBC ION Avion


Annual Fee

$48


First Year Value

$447.98

$377.98 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$253.86

RBC ION Avion


First Year Bonus

$0

RBC ION Avion


Annual Fee

$0


First Year Value

$253.86

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included

  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    90 days

  • mobile device insurance

    Mobile Device Insurance

    $1,000

Insurance Included

  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    90 days

Extra Benefits

  • gas station

    Gas Discount

    save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
  • reward cup

    Extra points

    50 Be Well points for every $1 spent on eligible products at Rexall

Extra Benefits

  • gas station

    Gas Discount

    save 3¢/L on fuel and always earn 20% more Petro-Points at Petro-Canada
  • reward cup

    Extra points

    50 Be Well points for every $1 spent on eligible products at Rexall

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99%

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99% (for Quebec 21.99%)

Balance Transfer:

22.99%

Annual Fee

$48

Annual Fee

$0

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus

Get 12,000 Avion points upon approval

Welcome Bonus

N/A

Rewards Rate

  • 3 points for every dollar in Grocery, Dining, Food Delivery, Rides, Gas, Electric Vehicle Charging, Streaming, and Digital Gaming & Subscriptions Purchases
  • 1 point for everything else

Rewards Rate

  • 2% cash back on groceries (maximum $120 cash back yearly then 1%)
  • 0.5% cash back on all other purchases for the first $6k spent
  • 1% cash back on all other purchases after spending over $6k

Loyalty Program

Loyalty Program

N/A

Point Redemption Options

  • Most Optimal

    westjet

    Transfer to WestJet

    1¢ / point
  • finance money dollar

    Financial Products

    0.83¢ / point
  • gift card

    Gift Cards

    0.72¢ / point
  • online shop

    Merchandise

    0.7¢ / point
  • travel - plane

    Travel

    0.6¢ / point
  • cash coins

    Statement Credits (Cash)

    0.58¢ / point

Point Redemption Options

Not Applicable

Is this card worth it?

This card is not by any means one of our favorite cards. For an annual fee it offers almost no notable benefits, with many no annual fee credit cards offering much more. The points earned are fine, but given the inflexibility of ION Avion points, it's very hard to get good value for the points earned, and it's much easier to earn more and do the same with some other credit card reward programs.

Is this card worth it?

The RBC Cash Back Mastercard is a solid no-fee option for those looking to earn 2% cash back on groceries and save on gas at Petro-Canada. However, the lower cash back rate on other purchases and limited insurance coverage make it a basic rewards card for everyday use. It’s great for those who prefer a no-annual-fee card with flexible cash back redemption options.

Pros

  • Insurance coverage is very little for a card with annual fee. There are cards with no annual fee that offer even better benefits.
  • Avion reward points are generally not very flexible and not as valuable if not used for WestJet travel; therefore, if that's not your plan, there are many better cards that can be used.
  • The annual fee isn't justifiable based on the reward program this card offers.

Pros

  • 2% cash back on groceries (up to $6,000 annually).
  • No annual fee.
  • Instant gas savings: Save 3¢ per litre at Petro-Canada locations and earn 20% more Petro-Points.
  • Flexible cash back redemption: Get your cash back on demand when you reach $25 in accumulated rewards.

Cons

  • Bonus saving of 3 cents per liter on gas at Petro-Canada stations.
  • 12,000 avion points welcome bonus.

Cons

  • Lower cash back rate: Only 0.5% cash back on non-grocery purchases up to $6,000, and 1% after.
  • Limited insurance coverage: Only basic extended warranty and purchase protection.

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