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RBC Ion Visa review

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Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
Interest Rate: Purchases
Balance Transfer
Balance Transfer
1 - 1.5 points
1 - 1.5 points
Signup Bonus
Signup Bonus

Informr score
The RBC Ion Visa currently has an Informr score of 7.4 out of 10. This score is based on our evaluation of 5 sources including reviews from users and the web's most trusted critics.

Am I eligible?

RBC Ion Visa is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...

SAVVY New Canadians
SAVVY New Canadians

If you are looking for an entry-level credit card with no annual fees and easy-to-understand rewards, the RBC ION Visa may be for you. For a $4 monthly fee, you can earn double the points on groceries, gas, daily transit, and streaming subscriptions, by opting for the RBC ION+ Visa instead. Alternat...

- Enoch Omololu, SAVVY New Canadians
Yore Oyster
Yore Oyster

Considering the RBC ION Visa credit card doesn’t charge an annual fee, it’s worth it as an entry-level travel credit card. The major upside of this card is that you can earn Avion points, and redeem them for bill payments, merchandise, Interac e-Transfers, and travel purchases. However, it may not b...

- Victor, Yore Oyster

The RBC ION Visa is an innovative card that lets you earn 1.5x the rewards for select digital purchases along with everyday purchases like gas and groceries. It comes with practical benefits such as a 3-month complimentary DashPass subscription, gas savings at Petro-Canada and the chance to earn mor...

- Claire Horwood, Finder
Money We Have
Money We Have

My RBC ION Visa review is positive. Canadians finally have a credit card that’s clearly designed for students. The card has a decent earn rate compared to other student credit cards. More importantly, it has no annual income requirement, which is vital for many students.

- Barry Choi, Money We Have

There's really not much to complain about with this card. The earn rate is decent, the reward categories are pretty cool, and not having any income requirements is a sweet bonus that opens it up to even more users. But does it distinguish from any other cards without income requirements? Yes it does...

- MoneyGenius


Interest Rates
Regular APR Interest Rate 20.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 3%


Cash Advance Fee $5.00
Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $29.00
Late Payment Fee 0%
Sign up bonus

Get 6,000 welcome points upon approval

All Purchases 1 point per $1 spent
Restaurants No
Gas 1.5 points per $1 spent

On gas and EV charging

Groceries 1.5 points per $1 spent
Hotels No
Travel 1.5 points per $1 spent

On rideshare and daily public transit

Pharmacy No
Bills No
Additional Details

1.5 points per $1 spent on Streaming, Digital Gaming & Subscriptions

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments Apple Pay, Google Pay
Virtual Cards No
Additional Benefits
  • Save 3¢/L on fuel and earn 20% more points at Petro-Canada
  • Earn 50 Be Well points for every $1 spent on eligible purchases at Rexall
  • Get a 3-month complimentary DashPass subscription
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
Additional comments -
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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