RBC Cathay Pacific Visa Platinum Review (Feb 2023)

December 11, 2022
Reviews

The RBC Cathay Pacific Visa Platinum card rewards you with up to 2x Asia Miles for every dollar you spend on groceries, travel purchases, and even foreign currency conversions. Not only that, but you also get more points and free food deliveries by linking your card with Petro-Canada, Rexall, and DoorDash.

The RBC Cathay Pacific Visa Platinum card has an accessible annual fee of $120, and it comes with comprehensive travel insurance, purchase protection, and car rental insurance. We recommend this card if you can take full advantage of Asia Miles.

What Is The RBC Cathay Pacific Visa Platinum?

The RBC Cathay Pacific Visa Platinum is one of RBC's personal travel credit cards. According to their homepage, this is the only credit card that lets you earn Asia Miles in Canada. It has an annual fee of $120, and you can receive a generous welcome bonus of up to 40,000 Asia Miles. You can earn 1 Asia Mile on every $1 spent on local purchases and 1.25 Asia Miles on foreign currency conversion. Though if you want to double your rewards, you can go straight and buy Cathay Pacific travel purchases and earn 2x on Asia Miles.

For more rewards and promotions, the RBC Cathay Pacific Visa Platinum has partnered with well-known companies such as Petro-Canada, Rexall, and DoorDash. Each allows you to earn Petro-Points and Avion Points or get free food deliveries for 12 months.

Using this credit card, you can also ensure your safety and protection since it has broad insurance coverage, including travel, emergency medical, car rentals, hotel burglaries, or your purchases.

Features Of RBC Cathay Pacific Visa Platinum

#1 Earn A Welcome Bonus And Asia Miles Points

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With a reasonable annual fee of $120, the RBC Cathay Pacific Visa Platinum credit card gives you a welcome bonus of up to 40,000 Asia Miles within the first three months of the approval. All you have to do is to apply for the credit card before December 31, 2022, and use it to pay for your purchases.

There are two ways to get a total bonus of 40,000 Asia Miles.

  1. Apply for the RBC Cathay Pacific Visa Platinum before December 1, 2022, to get the 15,000 miles welcome bonus.
  2. Spend a minimum of $7,000 on qualifying purchases (and pre-authorized bill transactions) in the first three months to get an additional 25,000 miles.

Please note that it requires at least eight weeks for your points to be credited to your Asia Miles account. Hence, there is no need to worry if RBC did not show these in your account.

#2 Asia Miles Rewards Flexibility

RBC has a lot to offer regarding travel rewards and flexibility. For RBC Cathay Pacific Visa, you can benefit from its reward program if you prefer to book your flights on Asia Miles. There are three main ways to use this card effectively if you want to earn and redeem Asia Miles rewards:

  • Earn 1 Asia Miles for every dollar spent on local purchases
  • Earn 1.25 Asia Miles for every dollar spent on foreign currency conversion
  • Earn 2x Asia Miles for every dollar spent on Cathay Pacific purchases online

You can redeem these Asia Miles points for any of the following travel purchases on Cathay Pacific:

  • Cathay Pacific or other airline tickets
  • Holiday vacations
  • Exclusive offers and rewards on hotels, restaurants, and cafés
  • Discounts on health insurance and wellness plans
  • Worldwide lounge access
  • Extra baggage allowances and extra legroom seat

#3 Join Cathay Pacific Membership Program

Primary cardholders of the RBC Cathay Pacific Visa Platinum can receive a complimentary enrollment to its membership program. The Cathay Pacific Green membership program helps you explore other exclusive offers, rewards, and discounts only a member can enjoy. As you can see from the screenshot above, these featured benefits vary from travel, dining, and living to entertainment.

In addition, you can also convert your Asia miles into points or redeem them for social goods or charity partners.

#4 Petro-Canada Fuel Savings On Any Grade Of Gasoline And Diesel

RBC offers instant fuel savings of 3¢ per litre when you pump gas or diesel at your nearby Petro-Canada location. Not only does this save you money, but you also earn 20% more Petro-Points and Avion points. You can get these rewards by following the steps below.

  1. Log in to the RBC Online Banking or RBC Mobile app
  2. Get a Petro-Points card and enter its number into your account
  3. Link your Petro-Points card to your RBC Cathay Pacific Visa Platinum credit card

If you haven't applied for any RBC credit card, you can benefit from this by linking your new RBC credit card to your Petro-Points card. You will receive 25,000 Petro-Points within 30 days of approval, and they should be completed before May 31, 2023.

#5 Get 50 Be Well Points At Rexall

Like other RBC travel credit cards, RBC Cathay Pacific Visa Platinum offers 50 Be Well points for purchasing items at your local Rexall store. You can receive this by linking this card with your Be Well card and spend at least $1 to get 50 Be Well points.

Remember that you can only redeem 25,000 Be Well points at any time worth $10. Likewise, there is a maximum limit of 500,000 Be Well points or $200 for redemption in a single transaction within 24 hours.

#6 12-Months Of Free Deliveries From DoorDash

You can get a free DashPass subscription from DoorDash for 12 months, letting you enjoy food deliveries without a single dollar spent. The only thing you need to remember is that your orders should be at least $15 or more to get free food deliveries and pay with your RBC Cathay Pacific Visa Platinum credit card.

The benefits you can get from DoorDash include the following:

  • Save at least $4 to $5 per order considering you don't need to pay a delivery fee
  • Access to exclusive offers and promotions every month
  • Earn 5% cash on DashPass credit when you pick up orders

Below are the steps to follow to receive the DashPass offer for 12 months

  1. Download and open the DoorDash app, which you can download on App Store or Google Play Store
  2. Link your eligible RBC credit card to your DoorDash account
  3. Activate your DashPass subscription with no charges

If you were charged $0.50 on your credit card from DashPass, RBC needs to verify that you signed up for the promotion. This will be refunded within 3 to 5 days.

#7 Wide Insurance Coverage Plus Optional Add-On Services

Similar to other RBC personal credit cards, RBC Cathay Pacific Visa offers a wide range of insurance policies, giving you security and safety in your travels and purchases. With this credit card, RBC covers you for everything from emergencies to car rentals and travel insurance, among others.

The full list of all available insurance coverage provided with this card is:

  • Travel Insurance
  • Car rental collision or loss damage insurance
  • Emergency purchase insurance
  • Flight delay insurance
  • Hotel or motel burglary insurance
  • Out-of-province or country emergency medical insurance
  • Purchase security insurance
  • Extended warranty

RBC also offers optional add-on services that protect you, your family, and your online or in-store purchases.

These services include:

  • BalanceProtector insurance
  • Identity theft and credit protection
  • RBC road assist
  • Additional travel insurance 

#8 Credit Card Security Features

With RBC's credit security feature, locking your credit card account is one tap of the screen away. This credit lock feature is available in the RBC Mobile app. Once you have downloaded the app from the App Store or Google Play Store, you can lock or unlock your card from anywhere and at anytime, which is useful if you ever misplace your card.

This feature helps you block all cash advances, withdrawals, and purchases online or in person. You can do this by logging in to your RBC Mobile app and temporarily choosing which credit card to lock.

Although you have locked its access, you can still pay for your purchases, make pre-authorized payments, and use your RBC Rewards points.

Other transactions can still be used, including

  • INTERAC online payments
  • Mobile deposits
  • Online refunds
  • Apple Pay, and Android wallet transactions

If you have yet to find your credit card, you can call RBC's 24-hour toll-free number at 1-800-769-2512 to report it and get a new credit card.

Pros & Cons Of RBC Cathay Pacific Visa Platinum

Pros

  • Earn 1 Asia Mile for every $1 in local spent in Canadian dollars
  • Earn 1.25 Asia Miles for every $1 equivalent to purchases made in a foreign currency
  • Earn 2x Asia Miles for every $1 spent on Cathay Pacific purchases
  • Receive up to $40,000 Asia Miles (promo until December 1, 2022)
  • Get a complimentary enrollment into the Cathay Pacific Green membership program
  • Redeem points for flights, merchandise, hotel, and holiday packages, car rental, international destinations, and more
  • Earn more rewards, bonus points, and free deliveries at Petro-Canada, Rexall, and DoorDash
  • Save 10% Asia Miles when you redeem for travel rewards
  • Insurance coverage includes travel, purchases, emergency medical, extended warranty, etc.
  • Protects your account with its credit card lock feature found in the RBC Mobile app

Cons

  • A $120 annual fee and an additional $50 for extra credit cards
  • A purchase rate of 20.50% and cash advance rate of 22.99%
  • It is only best for people who usually book their flights on Cathay Pacific

Pricing

What makes the RBC Cathay Pacific Visa Platinum different from the other travel credit cards is that it is the only one that lets you earn Asia Miles in Canada. It also has reasonable annual and service fees compared to other Visa Platinum cards. You can check the table below and see if this credit card is right for you.

Interest and Fees
Annual Fee$120
Additional credit cards$50
Purchase Rate20.50%
Cash Advance Rate22.99%*
Minimum Payment$10 (plus interest and fees)
Cash Advance Fee$5
Balance Transfer Promotional Rate FeeUp to 3%
Dishonoured Payment Fee$45
Installment Plan FUp to 3% of total purchase – one-time fee up to 1.15% of total purchase – monthly fee (no fee in Quebec)
Overlimit Fee$29¹
Foreign Currency Conversion Rate2.5%

In Summary

The RBC Cathay Pacific Visa Platinum is your go-to travel credit card if you prefer to book your flight on Cathay Pacific. With a reasonable annual fee of $120, you can earn up to 2x Asia Miles, whether on local qualifying purchases, foreign currency conversions, or on its own Cathay Pacific travel purchases. You can also benefit from its partnerships with Petro-Canada, Rexall, and DoorDash, giving you more rewards, points, and free limited food deliveries. The only disadvantage of this credit card is that it does not offer a cashback program and is better if you prefer other airlines.

RBC Cathay Pacific Visa Platinum FAQs

How much does RBC Cathay Pacific Visa Platinum cost?

RBC Cathay Pacific Visa Platinum costs an annual fee of $120 and $50 if you want to add your other personal credit cards.  

Is RBC Cathay Pacific Visa Platinum worth it?

Yes, RBC Cathay Pacific Visa Platinum is worth it because it caters to people who like to book their flights on Cathay Pacific with the interest of earning rewards. You can earn up to 2x Asia Miles while spending on local purchases, converting foreign currencies, and purchasing Cathay Pacific services. Likewise, you can also save money on Petro-Canada, earn points at Rexall, and get free food deliveries with DoorDash.

RBC Cathay Pacific Visa Platinum may not be worth it for you if you don't usually book your flights or use the services of Cathay Pacific. This credit card may also not be best for you if you prefer cashback reward programs over points.    

Is RBC Cathay Pacific Visa Platinum safe?

Yes, RBC Cathay Pacific Visa Platinum is safe because it has a built-in card lock feature to block its access, especially if you misplace your card. You can do this by logging in to your RBC Mobile app and choosing which credit card you want to lock. In addition, you can ensure your safety and protection since RBC offers broad insurance coverage, including travel, emergency, car rentals, hotels, and even on your purchases.

Who qualifies for the RBC Cathay Pacific Visa Platinum card?

You can qualify for the RBC Cathay Pacific Visa Platinum if you are a Canadian citizen with the age of majority in your province. It would be best if you also had an excellent credit score of 760 and above. For minimum income requirements, RBC has yet to provide any specific details.

What is the credit limit of the RBC Cathay Pacific Visa Platinum? 

The credit limit of the RBC Cathay Pacific Visa Platinum was not provided on the credit card's website. However, you can find it on the account statement or under account details in RBC Online Banking or the RBC Mobile app.

Does Visa Platinum have airport lounge access? 

Yes, a Visa Platinum credit card has airport lounge access and other exclusive lifestyle privileges and offers. You can also get other benefits, including

  • Six free member visits per calendar year at 25 airport lounges globally
  • Access to DragonPass “Dine & Fly” airport dining program
  • Receive a 12% discount on hotels and vacation rentals worldwide with Agoda, 50% off on tickets with Vox Cinemas, and 8% off on hotel bookings with hotel.com

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