In the competitive landscape of business, having the right financial tools is essential for success. The RBC Avion Visa Infinite Business credit card stands out as a powerful ally, designed to meet the diverse needs of business owners.

Whether you’re a small business owner or managing a larger enterprise, the RBC Avion Visa Infinite Business card provides unparalleled advantages. This article delves into the key features, advantages, and application process of this exceptional credit card, helping you understand why it could be the right choice for your business.

Key information about the credit card

How does the annual fee work?

The RBC Avion Visa Infinite Business card comes with an annual fee of $175. While this may seem like a significant amount, the value offered by the card’s benefits can easily outweigh this cost. For businesses looking to maximize their cash flow and simplify expenses, the fee is a worthwhile investment. Unfortunately, there are no options for fee waivers or installment payments, so the full amount is due annually.

How is the credit limit determined?

The credit limit for the RBC Avion Visa Infinite Business card is determined based on several factors. Primarily, RBC evaluates the creditworthiness of the business and the owner’s personal credit history. This ensures that the credit limit aligns with the business’s financial capacity and needs.

Advantages of the credit card

• Avion points: Earn 1.25 Avion points for every $1 spent on net purchases, up to $75,000 annually. These points can be redeemed for travel, merchandise, gift cards, and more, making it a versatile rewards program.

• Welcome bonus: Receive 35,000 Avion points upon approval, which can be used for travel within Canada and the US, excluding Hawaii and Alaska. This welcome bonus alone is valued at up to $750.

• Travel benefits: Gain access to over 1,200 airport lounges worldwide and enjoy valuable airport dining and spa offers through the Visa Airport Companion program.

• Expense management tools: Utilize Visa Spend Clarity for Business to streamline expense tracking with customized reports and transaction data, making financial management more efficient.

Standout advantage

One standout advantage of the RBC Avion Visa Infinite Business card is its exceptional rewards program. With the ability to earn 1.25 Avion points for every $1 spent, businesses can quickly accumulate points that can be redeemed for a variety of valuable rewards. The flexibility of the Avion rewards program, allowing points to be used for travel, merchandise, and even to pay down the credit card balance, makes it a powerful tool for maximizing business expenditures.

Disadvantages

• Annual fee: The $175 annual fee might be a barrier for small businesses with tight budgets.

• Additional card fee: Each additional card costs $75, which can add up for businesses requiring multiple cards for employees.

• Interest rates: With a purchase rate of 19.99% and a cash advance rate of 22.99%, carrying a balance can become expensive.

• No fee waiver options: There are no options to waive or reduce the annual fee, which might be a downside for some businesses.

A standout disadvantage

The primary disadvantage of the RBC Avion Visa Infinite Business card is the high-interest rate. With a purchase rate of 19.99% and a cash advance rate of 22.99%, businesses that carry a balance on their card can quickly find themselves facing significant interest charges. This can be a considerable drawback for businesses that may struggle with cash flow and need to carry a balance occasionally.

Who can apply for this card?

To apply for the RBC Avion Visa Infinite Business card, applicants must meet certain eligibility criteria. First and foremost, the business owner must be a Canadian resident and at least 18 years old. Additionally, the business must be legally registered and operational in Canada. RBC does not explicitly state a minimum income requirement, but it is implied that the business should have a stable and sufficient income to support the credit line.

How to apply for the RBC Avion Visa Infinite Business Card

For the website

To apply for the RBC Avion Visa Infinite Business card online, start by visiting the RBC website and navigating to the business credit cards section. Look for the Avion Visa Infinite Business card and click on the ‘Apply Now’ button. If you already have an RBC account, sign in; if not, you’ll need to create a new account.

Once you’re signed in, you’ll be prompted to fill out the application form with both your personal and business details. This includes your business’s legal name, address, and contact information, as well as your own name, date of birth, and SIN.

Next, you’ll need to provide some financial information about your business, such as its income and expenses, and upload any required documents. After you submit it, you will receive a confirmation email. RBC will then review your application and may request additional information if needed.

Through the app

Applying for the RBC Avion Visa Infinite Business card through the RBC Mobile app is convenient and can be completed in a few simple steps. First, download the RBC Mobile app from the App Store or Google Play Store. Once downloaded, open the app and log in with your RBC online banking credentials. If you do not have an account, you will need to create one.

From the app’s main menu, select ‘Credit Cards’ and choose the ‘Avion Visa Infinite Business’ card. Tap the ‘Apply Now’ button to start the application process. Provide the necessary personal and business details, including your business’s financial information.

Ensure all information is accurate and complete before reviewing and submitting your application through the app. You will receive a confirmation message within the app, and RBC will begin processing your application. If additional information is needed, RBC will reach out to you.

At the branch

If you prefer a more personal touch or need assistance with your application, you can apply for the RBC Avion Visa Infinite Business card at a local RBC branch. Start by locating a branch using the RBC website or app, or by calling RBC’s 24/7 business helpline for assistance in finding a convenient location.

At the branch, speak with a business banking representative who will provide you with the application form and assist you in filling it out. Share all required personal and business details with the representative, and submit any supporting documents. Once your application is complete, the representative will submit it for processing on your behalf.