If you frequently travel to the U.S. or make purchases in U.S. dollars, you know the struggle of dealing with currency exchange fees. The RBC U.S. Dollar Visa Gold solves this problem by letting you spend directly in U.S. currency, eliminating the hassle of fluctuating exchange rates.
With this card in your wallet, you can save money on every U.S. purchase while earning Avion points that can be redeemed for travel, merchandise, or financial rewards. Whether you’re crossing the border for business or pleasure, the RBC U.S. Dollar Visa Gold is designed to make your transactions easier and more rewarding.
Main features of the RBC U.S. Dollar Visa Gold
The RBC U.S. Dollar Visa Gold is issued by the Royal Bank of Canada (RBC), one of the largest and most reputable financial institutions in North America. This card is specifically designed for Canadians who frequently spend in U.S. dollars, whether for travel, online shopping, or business transactions.
By using this card, you bypass daily currency fluctuations, making budgeting much more predictable. While it offers travel perks and strong insurance coverage, its real appeal lies in the Avion Rewards program. Every purchase earns points that can be redeemed for flights, gift cards, or even financial benefits.
Additionally, cardholders gain access to exclusive deals with RBC’s partners, adding even more value. If you’re someone who wants convenience, security, and rewards while spending in U.S. dollars, this credit card is a solid choice.
Understanding the annual fee
Like most premium credit cards, the RBC U.S. Dollar Visa Gold comes with an annual fee of $65 USD. While some may hesitate at paying a yearly charge, the benefits often outweigh the cost, especially for frequent U.S. travelers. This fee ensures access to the rewards program, insurance coverage, and the ability to sidestep foreign exchange fees, which can quickly add up with regular spending.
Additional cardholders can be added for $30 USD per year, making it an excellent choice for couples or families who share expenses. Unlike some credit cards that adjust annual fees based on spending habits, this card keeps things straightforward—just a flat yearly rate. If you consider how much you’d save on foreign transaction fees alone, the fee becomes a small price to pay for long-term financial convenience.
Deciphering credit limits
RBC evaluates multiple factors before determining your credit limit, ensuring it aligns with your financial profile. Your credit history, income, and overall debt level all play a role in how much spending power you receive. Applicants with a strong credit score and stable income may qualify for a higher limit, while those with limited credit history might start with a more modest one.
Another important consideration is your existing relationship with RBC. If you’re already a customer with a good repayment track record, you may have an easier time securing a higher limit. The bank also periodically reviews accounts, meaning responsible spending and on-time payments can lead to credit limit increases over time.
Advantages of the RBC U.S. Dollar Visa Gold
- No Foreign Exchange Fees – Make purchases in U.S. dollars without worrying about fluctuating exchange rates.
- Avion Rewards Program – Earn 1 Avion point per $1 USD spent on qualifying purchases.
- Extensive Travel Insurance – Coverage includes trip cancellation, trip interruption, baggage delay, and rental car insurance.
- Exclusive Partner Discounts – Save on gas, pharmacy purchases, and even food delivery with RBC’s partner network.
- Fraud Protection – Enjoy enhanced security features that protect you against unauthorized transactions.
- Flexible Redemption Options – Use points for travel, shopping, financial rewards, and more.
Standout advantage
One of the biggest advantages of the RBC U.S. Dollar Visa Gold is its ability to eliminate foreign exchange fees. If you frequently make U.S. dollar transactions with a regular Canadian credit card, you’re likely paying around 2.5% in foreign transaction fees on every purchase.
Addressing potential drawbacks
- Annual Fee – Although reasonable, some might prefer a no-fee alternative.
- Limited Bonus Categories – Unlike some travel cards, there are no accelerated earning rates for specific spending categories.
- U.S. Dollar Payments Required – Cardholders must pay their balance in U.S. dollars, which could be inconvenient for those without a USD account.
Standout disadvantage
The biggest downside of this card is that all payments must be made in U.S. dollars. While the purpose of this card is to simplify U.S. transactions, this means you need access to U.S. funds to pay off your balance. If you don’t have a U.S. dollar bank account, you may end up paying exchange fees when converting Canadian dollars to settle your bill, which could negate some of the savings.
Eligibility criteria
Applicants must be Canadian residents, at least 18 years old (19 in some provinces), and have a good credit score. Since this card requires payments in U.S. dollars, it’s beneficial to have a U.S. bank account, although it’s not mandatory. RBC also considers your income and existing debt obligations before approving applications, ensuring you can responsibly manage the credit limit assigned to you.
How to apply for the RBC U.S. Dollar Visa Gold
Getting this card is a straightforward process, and RBC offers multiple application methods to fit different preferences. Whether you prefer doing things online, through a mobile app, or visiting a branch in person, there’s a way to apply that suits your needs.
Via website
Applying through the RBC website is the fastest and most convenient option. Simply visit the RBC credit card page, select the U.S. Dollar Visa Gold, and complete the application form. You’ll need to provide basic personal details, financial information, and consent for a credit check.
Through the mobile application
If you’re already an RBC customer, applying through the RBC Mobile App is another great option. The process is streamlined, and the app autofills some of your details, saving you time. Plus, you can track your application status in real time and receive push notifications once you’re approved.
Through the store/branch
For those who prefer a face-to-face experience, RBC offers in-branch applications. Simply visit your nearest branch and speak with a representative who can walk you through the process, answer any questions, and even offer personalized recommendations based on your spending habits.
