Traveling to the United States frequently can come with a common frustration: currency exchange rates that fluctuate daily, leading to unexpected costs. Whether for business or leisure, managing expenses in U.S. dollars without incurring extra fees can be a challenge.

This credit card is ideal for individuals who travel frequently to the U.S. or make purchases in U.S. dollars. With competitive rewards, extensive insurance coverage, and the ability to avoid foreign exchange fees, it presents a valuable financial tool for those looking to manage their cross-border expenses efficiently. Let’s take a closer look at what makes this card a smart choice for U.S. travelers.

Details of the RBC U.S. Dollar Visa Gold

The RBC U.S. Dollar Visa Gold is a premium credit card that allows cardholders to spend directly in U.S. dollars, eliminating the need to worry about exchange rate fluctuations. It comes with a $65 USD annual fee and offers the ability to add supplementary cards for $30 USD per card. The purchase interest rate is 20.99%, while the cash advance interest rate stands at 22.99%.

A key benefit of this card is its ability to help Canadians save on foreign exchange fees. Instead of constantly converting CAD to USD, users can maintain a balance in U.S. dollars, making it ideal for frequent travelers, online shoppers purchasing from U.S. retailers, or even those with financial obligations in the U.S.

Additionally, cardholders earn 1 Avion point for every U.S. dollar spent on qualifying purchases. These points can be redeemed in various ways, including travel rewards, merchandise, and even financial contributions. Whether you’re accumulating points for future trips or everyday savings, the rewards structure adds significant value.

Qualification requirements

To apply for the RBC U.S. Dollar Visa Gold, applicants must meet a few essential criteria. While RBC does not explicitly state a minimum income requirement for this card, having a strong credit history and a stable income increases the chances of approval. Since the card operates in U.S. dollars, applicants should also be prepared to manage a U.S. dollar balance efficiently.

Applicants must be residents of Canada and at least the age of majority in their province or territory. Additionally, a valid Canadian bank account, preferably with RBC, can simplify payments and fund transfers between CAD and USD accounts. Having a strong financial standing and meeting the bank’s credit assessment criteria will enhance the likelihood of approval.

Benefits and advantages

The RBC U.S. Dollar Visa Gold offers a range of benefits tailored to frequent U.S. travelers. Here are some key advantages:

• No foreign exchange fees – By making transactions in U.S. dollars, cardholders avoid the fluctuating exchange rates that typically apply when using a CAD-based credit card abroad.
• Avion rewards program – Earn 1 Avion point per U.S. dollar spent, which can be redeemed for travel, merchandise, gift cards, or even financial contributions such as mortgage payments and investments.
• Comprehensive travel insurance – The card includes travel accident insurance, trip cancellation/interruption coverage, flight delay protection, and car rental insurance, offering peace of mind during travel.
• Exclusive partner deals – Cardholders can enjoy discounts and offers from brands like Petro-Canada, Rexall, and DoorDash, helping them save on fuel, pharmaceuticals, and food delivery services.
• Multiple redemption options – Points can be used for travel bookings, bill payments, credit card balance payments, or even converted into other loyalty programs like WestJet dollars or Hudson’s Bay Rewards.
• RBC mobile app access – Manage your spending, monitor transactions, and set up mobile payments through the award-winning RBC mobile app.
• Fraud protection – Cardholders benefit from zero liability protection, ensuring they are covered in case of unauthorized transactions or fraudulent activity.
• NOMI insights and alerts – RBC’s built-in intelligence feature helps users track their spending, offering personalized insights and financial reminders to improve money management.

How to apply for the RBC U.S. Dollar Visa Gold

Applying for the RBC U.S. Dollar Visa Gold is a simple and quick process. Interested individuals can apply online through the RBC website, where they can complete a straightforward application form in just a few steps. The approval process is efficient, with many applicants receiving a decision within minutes.

To begin, applicants will need to provide basic personal information, including their full name, address, date of birth, and contact details. They will also be required to submit employment and income details, as well as disclose any existing financial obligations. RBC will assess the applicant’s creditworthiness, reviewing their credit score and history to determine eligibility.

Once the application is submitted, RBC may request additional documentation to verify financial stability, such as recent bank statements or proof of income. If approved, the new card will be mailed to the applicant, typically within 7 to 10 business days. To maximize benefits, users should consider linking their RBC U.S. dollar account to facilitate seamless payments and fund transfers.

For those who frequently travel to the U.S. or make purchases in U.S. dollars, this card provides a convenient and cost-effective solution. With its elimination of foreign exchange fees, strong rewards program, and extensive travel benefits, the RBC U.S. Dollar Visa Gold is an excellent choice for Canadians looking to manage their cross-border expenses efficiently.