After having to pay fees for being under the $1000 minimum balance (primarily due to having bill payments that are scheduled to my debit Visa card), I thought enough is enough, time to get an RBC Bank Visa credit card associated with my US based RBC account. It is helpful that a reader notified me about this no fee US dollar credit card too. Here’s my RBC Bank Visa Signature Black Review.
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RBC Bank Signature Black Visa Review
In this RBC Bank Signature Black Visa review, I will go over what the benefits are (like earning rewards points and having things like VIP privileges), what the insurance benefits are with this credit card.
RBC Signature Black Benefits
The benefits to this credit card are as follows:
- Zero annual fee
- Ability to earn RBC Rewards points (these are US based) so you can redeem to gift cards, travel, merchandise, tickets to sporting events etc.
- Visa’s Zero Liability Policy (if your card is lost or stolen you own’t be responsible for the fraud that might happen)
- 0% Introductory APR on purchases and balance transfers for the first 6 months
One of the largest benefits is that there is no annual fee for this no annual fee US dollar credit card.
In addition, you can earn 1 RBC Rewards point for every $1 spent.
One thing to note is that all the RBC Rewards points expire at the end of 3 years.
You can transfer your RBC Rewards points based in the United States to your Canadian Avion Rewards account.
In terms of the VIP Privileges associated with this credit card, there are special perks such as 24/7 concierge service, Visa Signature Perks, and Visa Luxury Hotel Collection Perks (like room upgrade, late check out, complimentary continental breakfast, and a $25 food or beverage voucher).
There are other benefits such as insurance benefits associated with the Visa Signature Black card.
- Trip Cancellation/ Interruption (if your ticket is paid for with this card)
- Travel Accident
- Auto Rental Collision Damage Waiver
- Extended Warranty Protection and Purchase Security
- Cell Phone Protection (if your phone bill is charged to the US issued credit card)
- Lost Luggage
All in all, this is a great US dollar credit card to have in your travel wallet, because of the associated travel perks and insurance benefits. Usually these benefits are available only for credit cards that have an annual fee.
In my opinion, if you have a US dollar account, having a US dollar credit card is a must, so that you can avoid the currency conversions. Having a US dollar credit card that doesn’t have an annual fee is a tool for your travel wallet.
This is one of the best no fee US dollar credit cards out there because of the ability to earn RBC Rewards (and then transfer them to Canada’s RBC Avion rewards points) and the insurance benefits associated with this card.
I prefer to use a credit card instead of a bank associated debit Visa card because you might dip under the minimum balance and then you’ll get dinged with a service charge.
This is a great card to have if you have the US dollar based RBC account based in Georgia.
You may also be interested in:
- Roam Mobility Alternative
- TD US Dollar Visa Credit Card review
- The Best US Dollar Accounts in Canada
- Best travel credit cards for seniors in Canada
What is your RBC Bank Visa Signature Black review?
GYM is a 30 something millennial interested in achieving financial freedom through disciplined saving, dividend and ETF investing, and living a minimalist lifestyle. Before you go, check out my recommendations page of financial tools I use to save and invest money. Don’t forget to subscribe for blog updates, a free dividend yield spreadsheet, and the free Young Money Bootcamp eCourse.