The holidays come early: RBC Visa Gift Cards no longer expire and most fees
TORONTO, Nov. 21, 2012 /CNW/ - RBC today announced it has removed most fees on
the RBC Visa Gift Card. In addition, funds on the prepaid card will no longer
"Clients have told us that they want gift cards that can be used everywhere
with no expiry," said Anne Koski, head, Business and Prepaid Cards, RBC.
"That's why we're very pleased to have these enhancements in place ahead of
the holiday gift-giving season."
New features of RBC Visa Gift Cards
-- No usage, maintenance or inactivity fees are charged on the RBC
Visa Gift Card at any time.
-- Funds do not expire on the RBC Visa Gift Card. An expiry date
is stamped on the card for payment processing. If the card has
a balance after the expiry date, a new card with the remaining
balance can be requested and mailed at no charge.
In a recent RBC poll, four-in-10 Canadians (42 per cent) surveyed said expiry
of funds, expiry fees and maintenance fees were reasons to not purchase
multi-purpose gift cards. At the same time, more than a third of respondents
said they choose to give a gift card because they want to give the recipient
options (37 per cent) and when they are not sure of what to buy (36 per cent).
"The RBC Visa Gift cards provide a flexible gift option for people who are
difficult to buy for," added Koski.
Once the one-time $3.95 flat purchase fee has been made for the RBC Visa Gift
Card, the recipient will benefit from the full value of the gift whenever it
RBC Visa Gift Cardsare available in denominations ranging from $25 to $500
year-round atany RBC branchacross Canada. More secure than cash, RBC Visa
Gift Cards can be used anywhere around the world where Visa cards are
accepted, including online, giving friends and family more options than
traditional store gift cards. Learn more about RBC Visa Gift Cards at
About the RBC Poll
The survey was conducted online via Ipsos Reid's national I-Say Consumer Panel
to 3,375 Canadians. The results are based on a sample where quota sampling and
weighting are employed to balance demographics and ensure that the sample's
composition reflects that of the actual Canadian population according to
census data. Quota samples with weighting from the Ipsos online panel provide
results that are intended to approximate a probability sample. Data collection
was October 1 to 10, 2012. A survey with an unweighted probability sample of
this size and a 100 per cent response rate would have an estimated margin of
error of ±1.9 percentage points, 19 times out of 20.
Ka Yan Ng, RBC Corporate Communications, 416 974-1794 Matt Gierasimczuk, RBC
Corporate Communications, 416 974-2124
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-0- Nov/21/2012 12:00 GMT
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