Summary of the RBC Avion Visa Infinite Business Card
Choosing the right financial tools is a critical step for business owners looking to maximize their daily spending. Below is a comprehensive overview of the RBC Avion Visa Infinite Business Card, providing the essential details required to understand its value and complete the application process.
| Issuer | RBC |
| Type of Reward | Avion Points (RBC Avion Rewards – Elite) |
| Rewards Rate | 1.25 Avion Points per $1 on all spending |
| Annual Fee | $175 (first year annual fee waived on approval) |
| Interest Rates | Purchase: 19.99%; Cash advance: 22.99%; Balance transfer: 22.99% |
| Minimum Income | Personal: $60,000; Household: $100,000 |
| Network | Visa Infinite (Visa) |
Rewards and Avion Points Structure
The RBC Avion Visa Infinite Business Card utilizes the Avion Rewards Elite program, which is designed for high flexibility and value. Cardholders earn a consistent rate of 1.25 Avion Points for every $1 spent on all business purchases. This flat-rate earning structure applies to various categories, including office supplies, travel, dining, and utility payments.
Avion Points are noted for their versatility. These points can be used to book any flight on any airline with no blackout periods or seat restrictions. Furthermore, points are transferable to several RBC Avion partners, which may include frequent flyer programs from various international airlines. This flexibility makes the card a tool for both domestic and international business travel planning.
Fees and Interest Rates
There is an annual fee of $175 associated with the RBC Avion Visa Infinite Business Card. However, the fee for the first year is waived upon approval, allowing users to evaluate the card’s utility without an immediate upfront cost. For businesses requiring multiple cards, the first additional card carries a fee of $75.
The interest rate for purchases is set at 19.99%. For cash advances and balance transfers, the rate is 22.99%. It is also important to note that a foreign transaction fee of 2.5% applies to any purchases made in currencies other than Canadian dollars. These costs should be factored into the overall management of business expenses.
Eligibility and Application Requirements
To qualify for the RBC Avion Visa Infinite Business Card, applicants must meet specific financial criteria. A minimum personal income of $60,000 is required, or alternatively, a total household income of at least $100,000. These thresholds ensure the card is issued to individuals with a stable financial background capable of managing the credit limits associated with a Visa Infinite product.
The application process typically involves providing identification and financial details. Applicants should be prepared to confirm their income and business status during the digital application. As a business-focused card, the issuer may request information regarding the nature and registration of the business entity.
Comprehensive Benefits and Perks
The RBC Avion Visa Infinite Business Card includes a robust suite of benefits intended to support business operations and provide security during travel. Key advantages include:
- Welcome Bonus: 35,000 Avion Points are provided as a sign-up incentive.
- Airport Lounge Access: Membership to Priority Pass is included, providing access to over 1,200 airport lounges worldwide.
- Travel Insurance: Coverage includes trip cancellation, trip interruption, and travel medical insurance for up to 15 days for those under the age of 65.
- Auto Rental Protection: Collision and loss insurance for rental vehicles valued up to $65,000 for a duration of 48 days.
- Mobile Device Insurance: Coverage for smartphones and tablets purchased using the card.
- Concierge Service: Access to a dedicated concierge for assistance with travel, dining, and entertainment arrangements.
- Purchase Protection: Security for new items against loss or damage, plus an extended warranty on eligible purchases.
Considerations and Potential Drawbacks
While the card offers a high earning rate and extensive benefits, certain factors may impact its suitability for all users. The $175 annual fee, while waived for the first year, represents a recurring cost that must be justified by the rewards earned. The income requirements are also relatively high compared to entry-level business cards.
Additionally, the 2.5% foreign transaction fee means that business owners who frequently purchase from international suppliers or travel abroad may incur significant extra costs. Businesses with high international spending might need to calculate whether the 1.25 points per dollar earn rate sufficiently offsets this transaction fee.