Get 20% Extra Worth Redeeming Avion Factors at RBC Direct Investing

Till July 31, 2026, RBC is providing 20% extra worth once you redeem Avion Rewards factors towards contributions in an RBC Direct Investing account. Throughout the promotion, factors are value a full 1 cent every, up from the standard 0.83 cents.

This can be a nook of Avion that many collectors do not even know exists. You have at all times been in a position to flip factors into funding contributions, simply at a charge that hardly ever made it value a re-evaluation.

And when you’re questioning why you’d decide investments over a flight, generally life merely will get in the best way. When journey drops off the calendar, additional money or a rising funding account may do you extra good than a enterprise class seat.

The mechanics are easy. You will want an RBC Direct Investing account and an RBC bank card that earns Avion factors, and from there you may convert factors right into a money contribution or put them towards commerce commissions.

Throughout the promotion, the charges enhance throughout the board.

Contributions can circulation into an RRSP, TFSA, FHSA, RESP, or a private non-registered money account, all in Canadian {dollars}. Every part runs by way of the RBC Direct Investing web site or cellular app, and trades must settle by August 4, 2026.

This is not a one-off, both. RBC usually brings this promotion again about twice a 12 months, so it is value maintaining in your radar even after the present window closes.

I took the circulation for a spin in my very own account, and the improved pricing reveals up proper within the switch display screen. From my RBC ION+ Visa, $100 costs at a good 10,000 factors.

One housekeeping be aware. Something you push right into a registered account counts as a contribution, so be sure to even have the room earlier than you redeem.

Avion’s Money Ground Will get a Increase

What actually caught my eye right here is not the 20% bump. It is that this promotion quietly patches Avion’s largest weak point.

Scene+ factors money out at 1 cent apiece on every thing from groceries to journey, and Amex Membership Rewards can cowl card purchases on the identical charge. Avion has by no means had a clear 1-cent escape hatch of its personal, with monetary redemptions at 0.83 cents and even much less on present playing cards or paying down your card steadiness.

What’s totally different for the month is the clear 1-cent charge. And as an alternative of an announcement credit score vanishing into your spending, the {dollars} land in an funding account the place they’ve an opportunity to develop.

That framing issues greater than it used to. With banks falling over themselves to court docket wealthier shoppers, loads of factors collectors are considering as a lot about constructing belongings as they’re about burning balances on journeys.

Is This a Good Deal?

The brief reply is that it relies upon completely on whether or not you will fly.

Redeemed in opposition to the Air Journey Redemption Schedule, Avion factors stretch so far as 2.33 cents every. Holders of the RBC® Avion Visa Infinite Privilege^† or a enterprise Avion card additionally get a flat 2 cents per level on enterprise and top notch fares.

Run the numbers on a 60,000-point steadiness and the hole is stark. By this promotion, these factors turn out to be a $600 contribution. Redeemed nicely in opposition to the flight schedule, the identical factors can cowl as much as $1,400 in airfare.

So no, 1 cent per level is not a price play. It is a liquidity play, buying and selling peak worth for certainty and for {dollars} that give you the results you want as an alternative of sitting in a program you may not use.

It additionally beats the gradual bleed of doing nothing. Factors solely ever lose worth as packages devalue, whereas a contribution a minimum of will get the prospect to compound.

Who Ought to Take Benefit?

In the event you’ve obtained a visit on the horizon, skip this one completely. Ebook the flight, acquire your 2 cents and up per level, and do not look again.

This promotion is constructed for everybody else. Perhaps you are sitting on a pile of Avion factors with no journey plans in sight, otherwise you’ve determined it is a financial savings 12 months fairly than a spending one. Dad and mom topping up an RESP get a pleasant angle right here, too.

There isn’t any rush to power it, both. Since this provide reliably comes again round, sitting out this window simply means ready for the following one.

As for getting the cash again out, that is dependent upon the account. A non-registered steadiness stays versatile, whereas RRSP and FHSA withdrawals carry their very own guidelines, so a fast chat with a tax skilled is value it when you’re not sure how this suits your scenario.

Conclusion

In fact, you will nonetheless get the perfect worth redeeming Avion factors towards journey, and nothing about this promotion modifications that. Consider it as another choice within the toolkit fairly than the brand new finest play.

It is a barely tough one, too, because it is not a direct money redemption like an announcement credit score. Your factors turn out to be a contribution fairly than cash in your pocket.

However that is likely to be precisely the purpose. It nudges you to develop your investments as an alternative of spending the money, and if journey is not within the playing cards proper now, shifting idle factors into your TFSA at 1 cent every earlier than July 31 is a superbly cheap strategy to put them to work.