The RBC Visa Platinum is the odd one out in RBC's no-fee lineup: it earns nothing, no points and no cash back, yet it carries more insurance than the no-fee RBC ION Visa. You get primary rental car collision cover for up to 48 days, $500,000 in common carrier travel accident insurance, and purchase protection, all for $0 a year.
I'd point someone to it for one reason: they want free collision cover on rental cars and don't care about rewards. For nearly everyone else, a no-fee card that earns something is a better use of the wallet slot, and the 20.99% purchase rate means it's no help if you carry a balance.
Welcome offer
There is no welcome bonus on the RBC Visa Platinum, and the card earns no points or cash back, so there is nothing to unlock with spending. RBC's product page shows the $0 fee, the rates and the insurance, with no sign-up offer, as of October 15, 2026.
If a bonus matters to you, look at RBC's other no-fee cards. The same page lists the RBC ION Visa with an "our best offer yet" badge, and it charges the same 20.99% on purchases while earning Avion points.
With no bonus to chase, the decision comes down to the insurance. If you rent cars a few times a year and want collision cover without an annual fee, this card does that job; if you don't, a no-fee card that earns rewards gives you more.
Fees & eligibility
The card costs $0 a year, and additional cards are free; RBC's legal notes allow up to 9 authorized users on the account. There is no income requirement: RBC's card data lists no minimum personal or household income.
Purchases carry 20.99% interest and cash advances 22.99% (21.99% if you live in Quebec). Those are the same rates as the RBC ION Visa, so the card gives you no interest advantage; if you expect to carry a balance, the RBC Visa Classic Low Rate Option charges 12.99% on purchases for a $20 fee. The product page does not print the foreign transaction fee, the grace period or the minimum payment, so confirm them with RBC before you rely on the card abroad.
Perks & benefits
The perks are the partner offers RBC attaches to its cards. Link the card to Petro-Points to save 3 cents per litre at Petro-Canada and earn 20% more Petro-Points, link it to Triangle Rewards to earn 3x Canadian Tire Money (1.2% of the pre-tax amount) at Canadian Tire, Sport Chek and Mark's, and link it to Rexall's Be Well program for 50 Be Well points per $1 at Rexall.
You also get a complimentary DashPass subscription when you add the card to DoorDash before November 16, 2028, though RBC's page is inconsistent on its length: the card highlight says 6 months, while the legal terms list this card among the 3-month cards. There is no lounge access, no travel credit and no foreign transaction fee waiver advertised.
Insurance
Insurance is the reason to hold this card. The headline is primary auto rental collision and loss damage waiver cover, underwritten by Aviva: pay the full rental with the card, decline the agency's CDW, and you are covered for rentals of up to 48 consecutive days on vehicles with an MSRP of up to $65,000. Car sharing rentals are covered; peer-to-peer rentals are not.
You also get $500,000 in common carrier travel accident insurance when the full fare is charged to the card, plus purchase security for 90 days (up to $50,000 per account per calendar year) and an extended warranty that doubles the manufacturer's warranty by up to 1 extra year. There is no emergency medical, trip cancellation, trip interruption, delay or baggage cover, and no mobile device insurance.
My take
I'd get the RBC Visa Platinum only if you want free rental car collision cover from a no-fee Visa; if you want anything back on your spending, I'd skip it.
The case for it is narrow but real. Primary CDW for up to 48 days and $500,000 in travel accident cover for a $0 fee is the whole pitch, and RBC's own no-fee ION Visa includes neither.
The downside is everything else: no points, no cash back, no welcome bonus, and the same 20.99% purchase rate as RBC's rewards cards. From what I can tell, the best use is as a second card kept for rentals, next to a card that earns.
The good
- No annual fee and free additional cards
- Primary rental car CDW for up to 48 days
- $500,000 common carrier travel accident cover
The catch
- Earns no points or cash back
- No welcome offer
- Standard 20.99% purchase rate and no travel medical