Have you ever done an RBC credit card product switch before? If not, you might be leaving points on the table by not doing so. In this article, I will cover how to do an RBC credit card product switch. You’ll also learn the benefits of doing an RBC credit card product switch and what happens once you’ve gotten your new RBC credit card.
Benefits of doing an RBC credit card product switch
- Get the welcome bonus points from two or three RBC credit cards by paying “one” annual fee
- Prevent your credit score from dropping from product switching instead of applying for a new credit card
- Test drive frequent flyer programs you’ve never used before and got the first-hand experience on using them
How to do an RBC credit card product switch
After you’ve received your welcome bonus points and points from hitting the minimum spend requirements with your first RBC credit card, call the customer service line (the phone number is on the back of your credit card) and request to switch to another RBC credit card. They’ll ask you which credit card you want to switch to so pick one that you want to try out.
Don’t forget to ask if you can have your annual fee pro-rated. So if you held the card for three months and your annual fee is $120, they’ll refund you back $90.
You should get the welcome bonus points from the new card after your first purchase.
*IMPORTANT NOTE* Some people don’t get the points from hitting the minimum spend requirement on their second or third card. Your mileage may vary.
Great RBC credit cards to get
When doing the RBC credit card product switch, you want to make sure you’re aiming to get the really good cards with excellent signup bonuses. In my opinion, the three best cards that RBC has to offer are the following:
The RBC Avion VISA will give you between 15,000-25,000 welcome bonus points depending on which promotion is available. I’d definitely wait until they have a 25,000 welcome bonus points promotion if you decide to get this as your first credit card. If you do an RBC product switch to Avion, you’ll only get 15,000 welcome bonus points. The annual fee is typically $120 per year; though, they occasionally have promotions where they waived the first year’s annual fee.
The RBC British Airways VISA will typically give you a signup bonus of 15,000 Avios after your first spend. After hitting the minimum spend requirements of $6000 in the first 60 days of being approved of the card, they’ll give you an additional 25,000 Avios. They’ll also give you 10,000 Avios after your first year’s card anniversary but that also means you need to pay the second year’s annual fee. This kind of beats the purpose of what we’re doing here so I recommend just aiming to get the 40,000 Avios if you plan on getting this card as your first. The annual fee for the RBC British Airways VISA is $165.
The RBC Cathay Pacific VISA will give you 15,000 sign up bonus after being approved of the card. If you decide to get this card as your first, you can also earn an additional 10,000 Asia miles after hitting the minimum spend requirements of $6000 within 90 days. After your first year anniversary, they’ll give you an additional 10,000 Asia miles. The annual fee is $120.
The RBC WestJet Mastercard might be worth checking out as well but I haven’t tried it yet myself so I can’t give my opinion on it.
Doing an RBC credit card product switch is the single best way to pay a “one” annual fee and get the welcome bonus points from several different credit cards.
In my opinion, getting the RBC British Airways VISA is the best option as your first credit card. This is because you can earn a total of 40,000 Avios. The order afterward doesn’t really matter but you can potentially earn an additional 15,000-30,000 points if you decide to product switch once or twice.
On top of saving money on paying the annual fee and earning more points and miles, you’ll also get a chance to try other frequent flyer programs and see which one you like best. It’s always a great idea to diversify the type of frequent flyer miles that you have. Sometimes, when booking your miles, there are blackout dates so having points from other program give you the flexibility to book your trip on the days that you want to travel. Doing the RBC credit card product switch gives you access to 2-3 different frequent flyer programs that can save your vacation when it comes time to redeem your points!