Overall rating
First year value
$0
Get this card if you:
- frequently travel to the US
- want to avoid paying an fx fee on USD purchases
- want insurance benefits
Scores by category
Travel 0.0
Highlights
$65
Annual fee
$65
Interest Rates
20.99%
Purchase APR
22.99%
Cash advance APR
21.99% if you reside in Quebec
Eligibility
Good
Recommended credit score
Quick overview of the RBC U.S. Dollar Visa Gold Card
The RBC U.S. Dollar Visa Gold credit card is a US dollar credit card from RBC. The card allows cardholders to earn rewards and make purchases in US dollars (USD), without the foreign transaction fee or currency conversion costs. Cardholders earn 1x point for every $1 spent on purchases and enjoy extensive travel insurance protections for a fairly modest $65 annual fee ($30 for additional cards on the account).
Who can benefit from the RBC U.S. Dollar Visa Gold?
USD credit cards aren’t for everyone, but they provide significant value to those who frequently visit, or live in the United States, or just prefer to shop with companies that charge in US dollars. Cards like the RBC U.S. Dollar Visa Gold work within the US but also fit into the Canadian rewards ecosystem by letting you earn points that can be applied to your RBC Avion Canadian credit card. This allows you to supercharge your rewards across borders, without foreign transaction fees on USD purchases.
Pros and cons
Pros
-
Avoid foreign transaction fees for USD purchases
-
Earn points in the RBC Avion rewards program
-
Extensive insurance protections
Cons
-
Rewards are limited versus other reward credit cards
-
Payment required in USD
RBC U.S. Dollar Visa Gold welcome bonus
The RBC U.S. Dollar Visa Gold does not offer a welcome bonus for new accounts.
How to earn Avion points with the RBC U.S. Dollar Visa Gold
While the card doesn't offer a welcome bonus, it does provide the opportunity to earn RBC Avion points with every purchase. Cardholders can earn Avion points on eligible purchases with the card according to the following rates:
- Earn one Avion point for every US dollar you spend†
While the rewards with the RBC U.S. Dollar Visa Gold may not be exceptionally generous, they are on par with offers from other major Canadian banks. This is especially good news for anyone who already banks with RBC and has another Avion credit card. They can earn points across most of North America without worrying about currency conversion fees (unless you make it to Mexico, that is).
We estimate that the RBC U.S. Dollar Visa Gold provides approximately $240 in annual rewards value for cardholders.
How to redeem points
The RBC Avion rewards program offers great value when redeeming points. Your best value is booking award travel through the Avion Rewards website or app. Points apply towards flights, hotels and other travel packages. Avion shines when booking flights, thanks to no blackout dates and no airline restrictions or seats when booking with the RBC Air Travel Redemption Schedule.
Other Avion redemption partners include:
- American Airlines AAdvantage
- British Airways Executive Club
- Cathay Pacific Asia Miles
- Hudson's Bay Rewards
- WestJet Rewards
You can redeem RBC Avion points towards other awards, including statement credits, charitable donations, gift cards, merchandise or as statement credits to your RBC credit card or another RBC financial product.
What are RBC Avion points worth?
RBC Avion points are valuable, but how valuable depends on how you redeem them. On average, points are worth 1.5 cents per point, although some award options, like gift cards and statement credits, merchandise or charitable donations, may provide lesser value.
Booking reward flights provides your best value, with points worth as much as two cents per point or more, depending on the date, airline, seat and destination. Transferring to other frequent flyer programs provides slightly less value (around 1.5 cents per point).
Key benefits of the RBC U.S. Dollar Visa Gold Card
No foreign transaction fees on US dollars
The main benefit of the RBC U.S. Dollar Visa Gold is the ability to make purchases with United States merchants without worrying about the foreign transaction fee. That means you don't need to worry about geographic location; you’re covered if your merchant operates in USD.
Earn rewards in the United States
Beyond the fact that there are no foreign transaction fees for USD purchases, the card is great for frequent US visitors or those who spend in USD. While rewards are not high (up to 1x points per $1 spent), the lack of a foreign transaction fee for USD purchases lets users earn easily redeemable points for travel, statement credits or select other RBC products.
RBC U.S. Dollar Visa Gold insurance coverage
The RBC U.S. Dollar Visa Gold Card offers quick insurance coverage for a US dollar credit card. The card provides plenty of protection beyond the basics of extended warranty and purchase protection coverage to include a variety of travel insurance perks not found with comparable cards.
Here’s a full rundown of the travel insurance coverage you can expect from the RBC U.S. Dollar Visa:
- Travel accident insurance: Up to $500,000
- Trip cancellation insurance: Up to $2,500
- Trip interruption insurance: Up to $2,500
- Baggage delay/loss/theft: Up to $500
- Rental car coverage: Up to $65,000
Few US dollar credit cards provide this level of protection, the closest being the TD U.S. Dollar Visa* Card, which provides delayed and lost baggage coverage, trip interruption insurance and up to $500,000 in common carrier travel accident coverage.
Cardholders can also opt for additional protection, including add-on travel insurance, RBC Road Assist and ID theft protection.
Extra benefits of the RBC U.S. Dollar Visa Gold
- Fuel discounts at Petro-Canada: All RBC credit cards save you 3₵ per litre at Petro-Canada; when you connect your RBC credit card to your Petro-Points account, you’ll earn 20% more Petro-Points
- Earn more points at Rexall: You can earn 50 Be Well points for every $1 spent on eligible products when you link your RBC card to your Rexall Be Well account
- DoorDash membership trial: You’ll enjoy a three-month complimentary DashPass subscription when you sign up for DoorDash DashPass membership and use the RBC U.S. Dollar Visa Gold Card as your default payment card. This benefit has a value of $30
- RBC offers: Save even more with access to personalised offers from leading brands
- Chip and pin technology for an added layer of security
- Mobile wallet compatibility with Apple Pay, Google Pay and more
- Access to the RBC mobile app
How does the RBC U.S. Dollar Visa Gold Card compare?
$0
First Year Value
$0
Annual Value
Get this card if you...
-
travel to the US often
-
want to avoid foreign transaction fees on USD purchases
-
value purchase protection and extended warranty coverage
Annual Fee & Annual Interest Rates
$35
Annual Fee
19.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
-
Our Take
Scotiabank® U.S. Dollar Visa* Card ReviewThe Scotiabank U.S. Dollar Visa Card is tailored for Canadians who frequently make purchases in U.S. dollars, enabling them to avoid currency conversion fees by billing transactions directly in USD. Cardholders benefit from extended warranty and purchase protection, as well as savings on car rentals at participating Avis and Budget locations in North America; however, the card does not offer a rewards program, and balances must be paid in U.S. dollars, which may not suit all users.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
-
Pros
-
No U.S. dollar conversion fee: Ideal for purchases in U.S. dollars, saving you money on currency conversion.
-
Free supplementary cards with all the same benefits at no additional cost
-
Conveniently pay your Visa statement with U.S. dollars directly from your Scotiabank U.S. Dollar Daily Interest Account.
-
Easy access to cash advances at over 1 million ABMs worldwide and online banking options.
Cons
-
There's a $35 annual fee, which might be a downside for some users.
-
High-interest rates compared to low-rate cards on the market
-
Unlike many credit cards, this one doesn’t offer points cash back rewards.
-
Limited insurance benefits
-
The card does not have a welcome bonus, a common feature in many other credit cards.
-
-
Annual Interest Rates
19.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
24.99%
Penalty
Fees
$35
Annual Fee
$2.5
Foreign Transaction
-
Rewards
25%
Save 25% off base rate at Avis and Budget locations in North America
Our Take
The Scotiabank U.S. Dollar Visa Card is tailored for Canadians who frequently make purchases in U.S. dollars, enabling them to avoid currency conversion fees by billing transactions directly in USD. Cardholders benefit from extended warranty and purchase protection, as well as savings on car rentals at participating Avis and Budget locations in North America; however, the card does not offer a rewards program, and balances must be paid in U.S. dollars, which may not suit all users.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
Pros
-
No U.S. dollar conversion fee: Ideal for purchases in U.S. dollars, saving you money on currency conversion.
-
Free supplementary cards with all the same benefits at no additional cost
-
Conveniently pay your Visa statement with U.S. dollars directly from your Scotiabank U.S. Dollar Daily Interest Account.
-
Easy access to cash advances at over 1 million ABMs worldwide and online banking options.
Cons
-
There's a $35 annual fee, which might be a downside for some users.
-
High-interest rates compared to low-rate cards on the market
-
Unlike many credit cards, this one doesn’t offer points cash back rewards.
-
Limited insurance benefits
-
The card does not have a welcome bonus, a common feature in many other credit cards.
Annual Interest Rates
19.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
24.99%
Penalty
Fees
$35
Annual Fee
$2.5
Foreign Transaction
Rewards
25%
Save 25% off base rate at Avis and Budget locations in North America
The Scotiabank® U.S. Dollar Visa* Card is another USD credit card for Canadians. It has a lower annual fee than the RBC card, but lacks some of the other standout features of the RBC U.S. Dollar Visa Gold, namely, insurance protections and basic rewards.
Conditions Apply. Visit here for the Scotiabank U.S. Dollar Visa Card to learn more. *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
$0
First Year Value
$0
Annual Value
Get this card if you...
-
frequently travel to the US
-
want to avoid any foreign transaction fees
-
value purchase protection and extended warranty coverage
Annual Fee & Annual Interest Rates
$49
Annual Fee
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
-
Our Take
BMO U.S. Dollar Mastercard®* ReviewThe BMO U.S. Dollar Mastercard®* is designed for Canadians who frequently make purchases in U.S. dollars, allowing them to avoid foreign transaction fees by billing transactions directly in USD. Cardholders benefit from purchase protection and extended warranty coverage; however, balances must be paid in U.S. dollars, and the card does not offer a rewards program.
Eligibility
Very Good (671 - 739)
Recommended Credit Score
$15,000
Required Annual Personal Income
-
Pros
-
Savings on foreign transaction fees: Ideal for transactions in U.S. dollars, saving users the usual 2.5% foreign transaction fee
-
Annual fee rebate: The annual fee is rebated the following year if you spend US$3,000 per year.
-
Additional card options: You have the option to get additional cards for family members or employees for free.
-
24-hour, out-of-country emergency assistance with GlobalAssist™*
Cons
-
Limited rewards: No cash back or travel points.
-
U.S. dollar payments: Balances must be paid in U.S. dollars.
-
Credit score requirements: A higher credit score may be required to qualify for this card.
-
Limited insurance included: Purchase protection for 90 days and extended warranty, but no travel insurance.
-
-
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$49
Annual Fee
$0
Foreign Transaction
$29
Over The Limit Penalty
Our Take
The BMO U.S. Dollar Mastercard®* is designed for Canadians who frequently make purchases in U.S. dollars, allowing them to avoid foreign transaction fees by billing transactions directly in USD. Cardholders benefit from purchase protection and extended warranty coverage; however, balances must be paid in U.S. dollars, and the card does not offer a rewards program.
Eligibility
Very Good (671 - 739)
Recommended Credit Score
$15,000
Required Annual Personal Income
Pros
-
Savings on foreign transaction fees: Ideal for transactions in U.S. dollars, saving users the usual 2.5% foreign transaction fee
-
Annual fee rebate: The annual fee is rebated the following year if you spend US$3,000 per year.
-
Additional card options: You have the option to get additional cards for family members or employees for free.
-
24-hour, out-of-country emergency assistance with GlobalAssist™*
Cons
-
Limited rewards: No cash back or travel points.
-
U.S. dollar payments: Balances must be paid in U.S. dollars.
-
Credit score requirements: A higher credit score may be required to qualify for this card.
-
Limited insurance included: Purchase protection for 90 days and extended warranty, but no travel insurance.
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$49
Annual Fee
$0
Foreign Transaction
$29
Over The Limit Penalty
The BMO U.S. Dollar Mastercard®* is another US dollar option worth considering. While it doesn’t earn rewards like the RBC card, the BMO US dollar credit card does provide an annual fee rebate if the cardholder spends at least USD$3,000 on purchases each year.
*Terms and conditions apply
up to 2,500 pts†
Welcome Bonus
$240
First Year Value
$190
Annual Value
Welcome Bonus: Earn up to 2,500 Aventura Points† and get an annual fee rebate for the first year†
Get this card if you...
-
frequently travel to the US
-
want to avoid paying any foreign transaction fees in the US
-
value benefits like car rental insurance and extended warranty
Annual Fee & Annual Interest Rates
$35
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
-
Our Take
CIBC U.S. Dollar Aventura® Gold Visa* Card ReviewThe CIBC U.S. Dollar Aventura® Gold Visa* Card is tailored for Canadians who frequently make purchases in U.S. dollars, enabling them to avoid currency conversion fees by billing transactions directly in USD. Cardholders earn Aventura Points on eligible purchases and have access to essential travel insurance protections, making it a good choice for those seeking rewards and cost savings on U.S. dollar expenditures.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Household Income
-
Pros
-
Bypass foreign transaction fees when shopping with US retailers
-
Transfer points to other CIBC Aventura® credit card accounts
-
Modest annual fee and $0 for up to 3 additional cards
Cons
-
Limited rewards compared with the Canadian version of the Aventura® Gold Visa*
-
Because the card uses US dollars you’ll need to pay your balance in USD
-
Limited travel insurance protection
-
-
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
25.99%
Penalty
Fees
$35
Annual Fee
$2.5
Foreign Transaction
1.00%
Balance Transfer
$3.5
Cash Advance
$29
Over The Limit Penalty
$42.5
Return Penalty
-
Rewards Aventura
1
point for every $1 spent on travel purchased through the CIBC Rewards Centre
1
point for every $2 spent on all other purchases
Insurance Benefits
$100,000
Travel accident insurance amount
$65,000
Rental car insurance amount
-
Get 500 Aventura Points for completing each of the activities below within 60 days of your CIBC Aventura® Visa* card account approval†:
Share your email address with CIBC
Sign up for eStatements for your new Aventura Visa card
Add an authorized user on your new Aventura Visa card
Hold any eligible CIBC Chequing Account
Add your Aventura Visa card with Apple Pay® or Samsung Pay or Google Pay™
Our Take
The CIBC U.S. Dollar Aventura® Gold Visa* Card is tailored for Canadians who frequently make purchases in U.S. dollars, enabling them to avoid currency conversion fees by billing transactions directly in USD. Cardholders earn Aventura Points on eligible purchases and have access to essential travel insurance protections, making it a good choice for those seeking rewards and cost savings on U.S. dollar expenditures.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Household Income
Pros
-
Bypass foreign transaction fees when shopping with US retailers
-
Transfer points to other CIBC Aventura® credit card accounts
-
Modest annual fee and $0 for up to 3 additional cards
Cons
-
Limited rewards compared with the Canadian version of the Aventura® Gold Visa*
-
Because the card uses US dollars you’ll need to pay your balance in USD
-
Limited travel insurance protection
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
25.99%
Penalty
Fees
$35
Annual Fee
$2.5
Foreign Transaction
1.00%
Balance Transfer
$3.5
Cash Advance
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards Aventura
1
point for every $1 spent on travel purchased through the CIBC Rewards Centre
1
point for every $2 spent on all other purchases
Insurance Benefits
$100,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get 500 Aventura Points for completing each of the activities below within 60 days of your CIBC Aventura® Visa* card account approval†:
Share your email address with CIBC
Sign up for eStatements for your new Aventura Visa card
Add an authorized user on your new Aventura Visa card
Hold any eligible CIBC Chequing Account
Add your Aventura Visa card with Apple Pay® or Samsung Pay or Google Pay™
The CIBC U.S. Dollar Aventura® Gold Visa* Card offers a similar rewards structure to the RBC card. Cardholders earn 1 point for every $1 spent on purchases†, but only for purchases made with the CIBC Rewards Centre. In contrast, the RBC U.S. Dollar Visa Gold earns rewards on all purchases. Additionally, the RBC offer features much more substantial insurance protections versus the CIBC offer (although the CIBC card charges a much lower annual fee).
†Terms and Conditions Apply. This offer is not available for residents of Quebec.
The information for the CIBC U.S. Dollar Aventura® Gold Visa* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
Is the RBC U.S. Dollar Visa Gold Card worth it?
US dollar credit cards are a unique subset of travel cards that often get overlooked, but they make perfect sense if you frequently travel to the United States or even prefer to shop with American brands. It lets you shop with USD foreign transaction or currency conversion fees, earn rewards that you can then apply to your Canadian credit card, and offers essential insurance protections to keep you safe wherever your travels may take you.
The biggest strike against the card is the $65 annual fee. Sure, other similar cards charge an annual fee, but not one as high as the RBC option. The Scotiabank U.S. Dollar Visa ($35), TD U.S. Dollar Visa ($39) and CIBC U.S. Dollar Aventura® Gold Visa* Card ($35) are all significantly cheaper. In the RBC card’s defense, it does provide exceptional insurance coverage over the CIBC and Scotiabank options. Still, the TD card provides similar protection at a $26 lower annual price point.
Ultimately, the RBC U.S. Dollar Visa Gold is a great choice if you currently bank with RBC and have another RBC Avion credit card. It allows you to avoid foreign transaction fees in USD and increases your purchasing power (and points potential) across a large part of North America. This enables you to maximize rewards and minimize hidden costs.
Eligibility requirements
The RBC U.S. Dollar Visa Gold is accessible to most Canadians. There is no minimum personal or household income required to qualify, although you'll need a Good credit score.
Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.
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Disclaimer
The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.
†Terms and Conditions apply.