How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With RBC Cathay Pacific Visa Platinum, here’s how you earn rewards:
|Specific Stores||2 points|
|All Other Spend||1 point|
How much your rewards are worth
The dollar value of your rewards depends on the specific RBC rewards program and what you choose to redeem your points for.
For RBC Cathay Pacific Visa Platinum in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:
|Redemption method||Annual rewards|
Calculating your annual rewards
$24,000.00 annual spending x $2.21% return on spending = $529.20 annual rewards
$529.20 annual rewards – $120.00 annual fee = $$409.20 net annual rewards
Details and eligibility
|Do I qualify?|
|Estimated Credit Score||560 – 659|
|Extra Card Fee||$0|
|Extended Warranty||1 year|
|Purchase Protection||90 days|
|Emergency Medical Term||31 days|
|Emergency Medical over 65||7 days|
|Lost or Stolen Baggage||500|
|Rental Car Theft & Damage||Yes|
RBC Cathay Pacific Visa Platinum Review
The RBC Cathay Pacific Visa Platinum credit card is ideal for those who frequently travel to and from Asia, particularly with Cathay Pacific. This review will discuss the card’s earning potential and benefits, as well as potential drawbacks to consider.
1. Earning potential with the card:
The RBC Cathay Pacific Visa Platinum card allows cardholders to earn Asia Miles, which can be redeemed for flights, upgrades, and other travel-related rewards. Cardholders receive 1 Asia Mile per CAD $1 spent on eligible transactions directly with Cathay Pacific, and 1 Asia Mile per CAD $2 spent on other eligible purchases. There are no specific reward rates for different categories like dining, travel or grocery spending, with the exception of transactions with Cathay Pacific for an accelerated earning rate.
2. Benefit 1: Complimentary Green membership
Cardholders enjoy Green Tier membership in the Marco Polo Club, Cathay Pacific’s loyalty program. This grants them priority reservation waitlist status and priority airport standby.
3. Benefit 2: Welcome bonus miles
New cardholders receive a welcome offer of 15,000 Asia Miles after spending CAD $6,000 in the first three months. This can be a useful head-start to earn rewards for future travel.
4. Benefit 3: Annual bonus miles
Cardholders receive 2,000 bonus Asia Miles when they renew their card each year, further increasing their opportunity to earn travel rewards.
5. Benefit 4: Travel Insurance and purchase protection benefits
The card includes comprehensive travel insurance with benefits such as trip cancellation/interruption, emergency medical, and baggage loss/delay coverage. It also provides purchase protection and extended warranty for eligible purchases made with the card.
6. Drawback 1:
The RBC Cathay Pacific Visa Platinum has a relatively high annual fee of CAD $120. This can negate some of the benefits received if the cardholder does not accumulate a significant number of Asia Miles through regular spending.
7. Drawback 2:
Asia Miles generally have the highest value when redeemed for flights or upgrades on Cathay Pacific or partner airlines. The card may not be as useful for those who do not frequently fly with these carriers or have other preferences for earning and redeeming travel rewards.
8. Additional Information:
Cardholders can transfer RBC Rewards points to Asia Miles at a rate of 1:1, offering more flexibility in earning rewards. Overall, the RBC Cathay Pacific Visa Platinum credit card is a suitable choice for frequent travellers who often use Cathay Pacific or its partners and can maximize the returns on Asia Miles redemptions.
Is the RBC Cathay Pacific Visa Platinum not convincing you? Consider the RBC RateAdvantage Visa or the WestJet RBC World Elite MasterCard. Still not the right credit card? Make sure not to miss the RBC Cash Back Mastercard.
- 1:1 Asia Miles earning on Cathay Pacific & travel-related expenses
- 1:2 Asia Miles on all other purchases
- 35,000 Asia Miles welcome bonus (minimum expenditure conditions apply)
- Annual companion fare: Economy Class to select Asian destinations
- Complimentary 12-month Green Tier Membership, Marco Polo Club
- 2 Plaza Premium Lounge passes per year
- Inclusive travel insurance (cancellation, interruption, baggage delay)
- Annual fee of $120
- Redeem miles with Cathay Pacific, Dragonair, & selected airlines
- 19.99% interest on purchases, 22.99% on cash advances
- 2.5% foreign currency conversion fee
- Variable rate earning system (May require focused attention)