Rbc ventures rbc air miles About. Hesam is passionate about the power of technology and how it can address real human needs and improve lives. Whether it's strategic planning, experience design or product development, he's spent the past 12 years focusing on creating things people actually care for, while effectively delivering against the business needs of his clients. Mike Dobbins. Chief Strategy and Corporate Development Officer. Mike is the head visionary for RBC Ventures. In addition to leading our efforts to move beyond banking, he is part of RBC’s Group Executive, which is responsible for setting RBC’s overall strategic direction.

Westjet rewards mastercard visa banque royale service à la clientèle

I had a vacation booked with West Jet, due to COVID-19 I had to cancel it. They said the card is covered only for trip interruption, but not a cancellation. I told that this is an unforeseen act and should be considered interruption because I was forced to cancel my trip, but they refused. For a card with a $119 annual fee should cover everything like other cards. Disappointed with their services and consider cancelling my card. I have had so many negative experiences with my short use of this card. First, the card I received the tap didn't work on it, and the customer service was brutal - they suggested to reset my pin and then try to purchase 3 times and it will activate. Complete garbage - I ended up waiting over a month to get a working card. I still have issues with the swipe on it for purchases, and now the most important issue: Trip Interruption or Delay - if you purchase this an expect to have any answers when you need it most - you have the wrong card and coverage! We got stuck mid-flight back from our destination due to weather, our coverage with this card was not easily found online and when we called the number on the back of the card the agent we spoke to was unable to give any information about coverage. So if you are ever in this situation please know you can call 1-800-222-9978 for the claims department and not the number on the back of your card! Customer service and so far caused more issues and stress then solving the issues that they promised! If you decide to get this card make sure you read all the fine print. They do not actually fly to many locations outside Canada. So you will have to fly with another airline to get to the final destination. Meaning you cannot use your vouchers for many of the flights outside Canada. Free checked bags are only good when flying with them. So if you do book a flight without vouchers and have to fly with another company on your way back you will have to pay for your checked bags. So basically unless you know that they fly to your final destination this card is not actually worth what you pay. When my card was skimmed with this credit card, it took numerous phone calls to be issued a new one. Once I was issued a new one, it takes 5-10 business days for the new one to arrive. With the BMO World Elite Master Card, a new one was issued without my need to call and arrived within 1-2 business days. I was approached in an airport, so out of boredom applied. I received a letter saying the card was now at a branch (160kms away) and I would have to go pick it up! I phoned and said “you want me to lose a days wages, drive nearly 400km over a mountain pass to pick up a card YOU offered me? I was in a town with an RBC brand asked if the other branch could send it there for me to pick up.. SO they aren’t open Sat, you work Mon-Fri, how is this ever going to happen??? Upon requesting an account balance I was, on 2 occasions, expected to reveal private information repeatedly. When I refused to repeat and acceptable rational I was denied service which is in direct conflict to the Office of the privacy commission. My repeated request for them to clarify my rights and the Commissions authority was denied. The operator /representative(s) refused to identify themselves on repeated requests. And if you talk to them record the conversation, Under Canadian law you have the right without their consent or knowledge. I instructed that the $130.06 they claimed as owing was in error based on previous recorded conversations. If you want a copy of my conversation contact me .... Recently, had to cancel a flight 2 weeks before departure due to a dear friend passing away suddenly after a long-standing battle with cancer. Then asked what they were prepared to do to rectify. The woman I spoke to on the phone had no compassion and was of little help. I asked for only our West Jet dollars back or even a credit on my account, which I would put towards another flight - this request was denied. I've had a West Jet Master Card for over 5 years and use it as my primary card every day. I am full of regret spending thousands of dollars with this card as it goes straight into the pockets of heartless capitalists. I can't believe in a time of true hardship and loss, they couldn't bend the rules and give me a credit which in turn, I would be spending with on their airlines. I am truly disappointed and will be cancelling my card immediately and spreading word about this horrible event. I made a large purchase and when it was delivered, Westjet world elite Master Card didn’t stand behind me the consumer it protected the merchant after the expensive product was delivered damaged, I no longer have any Master Card and moving all segments out of RBC. If I'm going to use a credit card, I want something out of it besides an interest charge. Have had this card for a few yrs now, I use/apply my West Jet dollars when I'm booking & paying for our flight. Husband just ditched his previous card, no rewards at all on it, and got this same card. So I got suckered into getting this card due to the low annual fee and the bonus West Jet dollars upon signing up. Turns out that you can't use West Jet dollars for the whole fare. West Jet flights outside of Canada are more expensive than other carriers, so you aren't saving any money by using West Jet or having West Jet dollars. By the time you use the card, you're going to need to spend a few hundred West Jet dollars and, remember, you can only use it for half the ticket cost, so you end up wanting to fly to the Carribean or Europe. The companion fare to go to those places are $299 and $399. All of the base fares are cheaper than this, so the companion voucher is useless. Finally, they market that West Jet members can use their dollars to book flights to partner destinations. The only problem is you can't use the website to do this and customer service can't do it as well! You have to book through a travel agent and then use your West Jet dollars there. Also, any long-haul flight, where a leg is with West Jet, is priced so much higher and takes so much longer than a flight that takes you there with one carrier, so, again, booking partner flights is useless. So I basically wasted half a year with this miserable card when I could have been getting hundreds of dollars in cashback using another card. I have tried to use my west jet miles and my companion voucher and the policies do not allow it. Perks (West Jet) okay; a bit of a challenge to find available flights. While individual people are nice if you ever get through they lie. I spoke to someone who put me on hold forever to tell me that. I would repeatedly ask for confirmation if there were any other charges and they'd assure me there weren't but there always was. There is absolutely no point to paying for this card. There was also some glitch between my bank and this card and payments didn't connect. It's the only bill I've ever had trouble with; never did figure out the cause. Not worth the frustration and expense so I cancelled card. They do not deliver this card you have to go to the bank to pick it up ( waste of valuable time). "Hi we were wondering why you haven't activated your card? At the bank they set it up wrong, so I returned to the bank to get it rectified. I called telephone banking twice- was on hold for 20 minutes each time. " In the end, no one helped, I finally got my card activated on my own through the website. Always pay off the balance so I don't care what the interest is. Now I am trying to get the app working, app matches the activation process... I will see if this card serves me this year, only because I want the Westjet rewards, if this is how the activity on this card is going to be I will not be renewing. I have had several shocking moments with the credit card. And you have to pay it off to the dime every month. In addition to accumulating West Jet dollars to apply to flights you get a free checked bag on all WJ flights and an annual $99 companion flight anywhere in North America. I had a balance of $17,000ish in a high spending month (I use it for work), and cash flow was low but I made sure that I paid $15,000 (worked hard at this) by the due date, so interest would be minimal. Interest was charged on the full $17,000ish, this is how this card works. If you pay even $1 short, you might as well have paid nothing, interest will be charged on the full amount. I usually pay my cards in full, but sometimes you just can't. “From the beginning we have taken great care in developing a transparent and simple rewards program and the West Jet RBC World Elite Master Card worked very well with our concept. “West Jet has worked diligently to create a rewards program that aligns directly with our award-winning guest experience,” said Bob Cummings, West Jet’s Executive Vice-President, Sales, Marketing and Guest Experience. We like to celebrate our successes at West Jet because when we win, our guests win too! This year, West Jet takes top ranking, up from third last year. The West Jet RBC World Elite Master Card has been ranked number one among travel rewards credit cards, according to an annual review and ranking of credit cards in this September’s issue of credit card ranking takes a look at more than 200 credit cards based on consumer goals and spending patterns including things like sign-up bonuses, fees and added perks specific to the travel category to determine how far your travel card will take you over a five year period. Receiving the number-one ranking in the travel credit card category from Money Sense tells us that we have provided the public with the kind of service, experience and value they have come to expect from West Jet, RBC and Master Card.” The number-one-ranked West Jet RBC World Elite Master Card allows cardholders to earn West Jet dollars for every purchase made. West Jet dollars act as cash and can be redeemed in any amount, to anywhere West Jet flies, at any time. The card also offers a welcome bonus of $250 West Jet dollars and a yearly companion flight for $99, plus applicable taxes, fees and charges. Westjet rewards mastercard rbc 60 secondes Jun 03, 2019 The RBC World Elite Mastercard is the single best way to maximize your WestJet Rewards. For starters, WestJet is currently offering $250 in WestJet dollars as a sign up bonus. Not only that, but World Elite cardholders enjoy a number of added benefits. See your WestJet dollar balance, recent transactions and an overview of your Rewards in one convenient place. Sign in to your WestJet Rewards account. The browser you are using is not supported. This website uses cookies to establish a secured connection and to present you with targeted advertising. By continuing on this website you consent to the use of these cookies. For more information and to opt out of cookies, visit the cookie section of our Privacy Code. If you choose to opt out of cookies, this message will continue to appear. We’re taking a deep dive into the world of travel rewards program once again, this time focusing on the RBC Rewards program. As with most points programs, you’ll get the best value for your points when you redeem for travel. RBC Rewards not only has the standard option of using your points to book for any travel, but if you have an RBC Avion card you also have access to a flight redemption chart and the ability to transfer to several airline programs. These points can be redeemed for any type of travel through the RBC Rewards site. However, to get the most out of this program, you have to know the best ways to use your points, and have the right credit cards to access the best travel options. 100 points will give you a $1 discount, a value of 1 cent per point. * Travel booked at RBC Rewards – 1 cent per point (CPP) * Air Travel Redemption Schedule (Avion) – 2.33 CPP * Transfer to partner airlines (Avion) – 1.75 CPP * Transfer to West Jet Rewards – 1 CPP * Transfer to Hudson’s Bay Rewards – 1 CPP * Merchandise – 0.87 CPP * Gift cards – 0.72 CPP * RBC Financial products – 0.83 CPP * Statement credits – 0.58 CPP * Charity – 1 CPP* Level of flexibility? Unfortunately, RBC doesn’t give you the option to book any travel you like and then apply your rewards towards your purchase afterwards, nor do they offer price matching. With RBC, however, what you can redeem your points for depends on the card you have – a standard RBC Rewards credit card or an RBC Avion credit card. No * Can I get points back if I cancel an award flight? When it comes to redeeming your points, there’s a multitude of options at your disposal. When it comes to redeeming for travel, the edge definitely goes to the Avion cards. Because if you have an Avion card, in addition to being able to book any type of travel, you can use your points through the Air Travel Redemption Schedule – a set amount of points to fly to a set region. If the base ticket price is more than the maximum ticket price, you can use extra points to cover the flight, where every 100 points redeemed will give you an additional $1 off. Maximizing this chart can give you a value of 2.33 cents per point, giving you the best value for your points. Avioners have the option to transfer points to 3 other airlines – all part of oneworld alliance. Each RBC points is worth 1 Avios, and you have to transfer a minimum of 10,000 points at a time. We value an Avios at 1.75 cents, giving your RBC Rewards points the same value. The second is to transfer your points to Cathay Pacific Asia Miles, where the transfer rate and point valuation for British Airways also applies. The last transfer option is to American Airlines AAdvantage, where 10 RBC points will give you 7 AAdvantage miles. You’ll have the same options as with the other 2 partners. However, since you’re getting less AAdvantage miles, this gives an RBC point value of approximately 1.3 cents. With RBC Rewards, you’re also given the option to transfer your points to select partners. All RBC Rewards credit cards allow you to transfer your points to West Jet. 100 points = 1 West Jet dollar, a value of 1 cent per point, which you can use to help pay for any flights and vacation packages at You can also convert your points to Hudson’s Bay Rewards. Transfer anywhere from 500 to 1,000 points at once, you’ll get double that amount in Hudson’s Bay points. Since a Hudson’s Bay point is worth 0.5 cents, you’ll get double that – a value of 1 cent. You can also transfer points the opposite way, and 40 Hudson’s Bay points will give you 10 RBC Rewards points. Valuable travel and transferring to partners aren’t the only ways to redeem your rewards, however. If you want to use your points to score free merchandise, RBC Rewards has a large selection, one of the largest of any other rewards program. We checked a number of different products and came to an average point value of 0.87 cents. RBC Rewards also has a portal to use your points at Apple and Best Buy. The items we surveyed all had the same point value of 0.65 cents, however your points won’t cover taxes. Redeem for Hudson’s Bay gift cards and receive some bonus points – for every $25 you redeem, you’ll get 50 bonus RBC points. You can also use your points to get RBC Financial Rewards vouchers to use for: A minimum redemption of 12,000 points is required, which will give you a $100 voucher. If you’re hoping to take a bite out of your credit card bill, you can redeem your points for a statement credit. 17,200 points will give you a $100 statement credit, which gives a point value of 0.58 cents. Using your points for charitable donations is a great option if you have some extra points lying around and you’re not sure what to use them for. Here are the charities currently available at the time of writing: Every point you donate is worth 1 cent, and as an added bonus, you’ll get a tax receipt for your donation. Besides transferring HBC points, the only other way to earn RBC Rewards points is with a credit card. RBC has a wide variety of credit cards that can earn RBC Rewards. One thing they all have in common is that you’ll get instant discount of 3 cents per litre when getting fuel at Petro-Canada stations, plus a bonus 20% Petro Points. will offer you the most points for your spending – 1.25 for every dollar and a 25,000 point welcome bonus. Plus, it comes with a great host of Visa Infinite Privileges and a terrific insurance package. All for its $399 annual fee and household income requirements of $200,000. For a lower annual fee of $120, and income requirements of either $60,000 personal or $100,000 household, you’ll still get a great insurance package and a welcome bonus of 15,000 points. The is nearly identical, but is a great option if you don’t meet the above income requirements. RBC also gives you the option to earn RBC points on all of your business purchases. If you close your account, you have 60 days to use your points. Yes, these rewards can be transferred to West Jet Rewards and Hudson’s Bay Rewards. Looking to collect RBC Rewards but want lower annual fees and income requirements? For an annual fee of $110, the is one of the few that earns rewards for all of your purchases – 1 point for every U. If this is something you’re interested in, consider one of these cards: Here are some common questions and answers about the RBC Rewards program. Redeem for any travel you like, transfer to airline partners, transfer to a retail partner, and redeem for merchandise, financial products and even statement credits. If you’re an RBC Avion cardholder, you can also transfer your points to 3 other airline partners. The exact amount depends on the travel supplier provider. Yes, by transferring Hudson’s Bay Rewards to your RBC Rewards account. Here’s a list of numbers to contact RBC Rewards, depending on the card you carry: RBC Rewards offers a wide variety of ways to use your points – travel, gift cards, merchandise, and financial services. Plus, with the option to transfer to airlines and Hudson’s Bay, there’s a redemption option for everyone.

And keep in mind each price will have the standard taxes and fees bill added to it as well. But some unfortunate changes to the voucher are taking effect on April 1, 2020. Yes, the companion voucher is going to cost more to use. Here’s the new pricing structure for using the voucher starting on April 1: It certainly isn’t great news. An extra $20 is not a terrible increase for the Canada and Continental U. voucher, but the increase of $100 for sun destinations is a tough one to swallow. Mastercard concierge service is also being lost as part of these changes, but all the World Elite Mastercard benefits are still available. And RBC has stated that exciting new benefits are coming in its place. The companion voucher with the is also changing, but this time for the better. Right now, the companion voucher costs $199 plus taxes and fees for flights within Canada. If you’re not enamoured with these changes, here are a few alternatives to keep in mind. Now, it’s being expanded to include the Continental U. Keep in mind the Westjet card’s normal rate of return is 1.5%, so all 4 of these cards beat that by a significant margin. When it comes to companion vouchers, it can be hard to find ones that let you pay cash for the 2nd ticket. West Coast, with no options to use your voucher within Canada. But for the right person, the voucher can be of great value. Usually you have to redeem extra miles, which may not be possible depending on your reward bank. C, and a few border cities like Seattle and Detroit. It costs $99 USD (roughly $130 CAD) plus taxes and fees to use. In this regard, the voucher that comes with the is one of the few choices available in Canada. And while that’s more than the West Jet voucher, Alaska Airlines taxes and fees are lower than West Jet. And that same price applies to anywhere Alaska flies, including Mexico and Hawaii, where the Westjet Voucher will cost $399 to use. And the miles you earn are more flexible with Alaska. They can be used not only on Alaska Airlines, but its partners as well, some of which include: And the card has a lower annual fee of $75, with no income requirements (compared to the requirements of $80,000 personal and $150,000 household on the West Jet card). For a few more perks, you could get the It has the same earn rates and voucher. But you’ll get free checked bags on Alaska Airlines for yourself and 5 others travelling on the same itinerary, and get the World Elite Mastercard perks as well for a slightly higher annual fee of $99. The rest of the cards here don’t have companion vouchers, but instead will just earn you more rewards when compared to the base 1.5% earn rate of the West Jet RBC World Elite Mastercard. And how could we not talk about our #1 ranked credit card, the With this card, you’ll earn up to 5 Amex Membership rewards points per $1 spent. Maximize the chart, and you can get a value of up to 1.75 cents per point. On a typical $2,000 monthly spend, you’d earn 51,600 points every year. That’s a return of up to 3.76% – 2.5 times better than the standard 1.5% of the West Jet card. You can also pay for any travel purchase you make with the card using your points, where each point is worth 1 cent, and you’ve got a return of 2.15% – still better than West Jet. And there are options to transfer to Marriott Bonvoy and Hilton Honors, as well as a host of other redemption options. You can redeem to these 6 airlines, including Aeroplan and British Airways at 1:1 ratios: We’ll focus on Aeroplan, which for most people will be the transfer option of choice. We value an Aeroplan mile at up to 2.5 cents when redeemed for flights within North America. Earning up to 2 points per $1 spent, based on a typical monthly spend you’d earn 33,000 points per year, giving a return of up to 3.44% – more than double what West Jet gives. And if the airline transfers don’t work out, you’ve got all the Amex Membership Rewards options listed above to fall back on as well. You’ll earn up to 1.5 miles per $1 spent on your purchases. A typical $2,000 monthly spend would give you 28,500 miles per year. That’s a return of 2.97% – almost double that of West Jet. Advertiser Disclosure: Value Penguin is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site. This compensation from our advertising partners may impact how and where products appear on our site (including for example, the order in which they appear). To provide more complete comparisons, the site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. Relative to other cards in its class, the HSBC Cash Rewards Mastercard® credit card doesn’t have the slickest name, the most brand recognition or the flashiest marketing behind it. Thanks to a solid 1.5% cash back earning rate and a unique 10% anniversary bonus — not to mention some pretty pleasing benefits, including travel benefits — it does have one of the best cashback rewards programs. The card is an under-the-radar offering that is far more appealing for those who have their eye on the bottom line. In this article: Other cashback credit cards offer enticing cash bonuses to new cardmembers, which can be a tempting carrot when you’re comparing cards. Although the HSBC Cash Rewards Mastercard® credit card doesn’t offer that, it does offer a solid 3% cash back on all purchases for the first 12 months that you’re a cardmember, up to $10,000 in purchases. While it’s not as simple and straightforward, it could be equivalent to or perhaps even better than the upfront cash bonuses offered by competing cards, depending on your spending levels. If you spend the maximum $10,000 in your first year, for example, you’ll earn 30,000 Cash Rewards points. Because most credit cards value cash rewards at 1 cent per point, that’s equivalent to $300 — more than the cash bonus offered by the card’s chief competitors. Sure, an introductory offer of 3% cash back is alluring. After 12 months or $10,000 in spending — whichever comes first — you’ll earn 1.5 Cash Rewards points for every $1 you spend. That means you’ll earn $15 for every $1,000 in spending. That isn’t the highest earning rate among cashback cards, but it’s not the lowest, either. Some cards, for example, may offer as high as 3% or even 5% cash back, but those earning rates typically apply only to certain purchase categories, such as gas or groceries. For purchases in non-qualifying categories, the same cards generally offer just 1% cash back. The nice thing about the HSBC Cash Rewards Mastercard® credit card is that its 1.5% cash back applies on all purchases, regardless of spending category, which makes it easy to both earn rewards and track them. Perhaps the most distinguishing feature of the HSBC Cash Rewards Mastercard® credit card is its anniversary bonus: HSBC will say thanks on your anniversary by giving you a 10% bonus on all Cash Rewards earned during the previous 12 months. If you typically spend $2,000 a month on your card, that means you’d accrue 36,000 reward points, or $360, in a year. Thanks to your anniversary bonus, that suddenly increases to 39,600 reward points, or $396. At the end of the day, that means the 1.5% cash back you receive on purchases is more like 1.65%. That makes the HSBC Cash Rewards Mastercard® credit card instantly more lucrative than other cashback cards that offer the same earning rate but no anniversary bonus. Plus, it feels nice to be recognized and rewarded for your loyalty. The HSBC Cash Rewards Mastercard® credit card has No Annual Fee. While that’s certainly not unique — provided you have good credit, you generally shouldn’t expect to pay an annual fee for most cashback cards — it’s an important benefit to note if you’re trying to maximize rewards but minimize costs. Although it’s not unique, the HSBC Cash Rewards Mastercard® credit card offers a 0% introductory APR on purchases and balance transfers for the first 12 months (after that, it’s 14.49%, 18.49% or 24.49% Variable, depending on the cardholder’s creditworthiness). Alongside its introductory cash back, that makes the HSBC Cash Rewards Mastercard® credit card an attractive and sensible choice for anyone who’s in the market for a new card. The regular purchase and balance transfer APRs can be significant if you carry a balance from month to month — especially if you can only qualify for the highest APR — but it’s quite competitive relative to other cashback cards in its class, which we’ll touch on next. Among cashback cards in its class, the HSBC Cash Rewards Mastercard® credit card has a decent balance transfer policy. If a balance transfer is your primary objective, however, you can do better. As we just noted, the card offers a 0% introductory APR on balance transfers for 12 months (after that, it’s 14.49%, 18.49% or 24.49% Variable), but it requires transfers to be posted within 60 days of opening your account. Also, it charges a balance transfer fee of either $10 or 4%, whichever is greater. For comparison, the Capital One® Quicksilver® Cash Rewards Credit Card offers a 0% intro APR on balance transfers for 15 months (after that, it’s 15.49% - 25.49% (Variable)APR) during which it charges a 3% transfer fee. The Chase Freedom Unlimited® card also offers a 0% introductory APR on balance transfers for 15 months (after that, a 16.49% - 25.24% Variable APR applies). It charges a 3% transfer fee on balances that are transferred during the first 60 days, then 5%. To compare further, the Citi® Double Cash Card – 18 month BT offer offers a 0% introductory APR on balance transfers for 18 months (after that, 13.99% - 23.99% Variable) and charges a balance transfer fee of $5 or 3%, whichever is greater. So when it comes to balance transfers, the HSBC Cash Rewards Mastercard® credit card has a shorter introductory period than other cards and a similar fee structure to its competitors. If you’re a frequent traveler and/or your primary objective is travel rewards, you should probably be shopping for a travel card instead of a cashback card. That said, the HSBC Cash Rewards Mastercard® credit card offers some solid benefits that cardholders can take advantage of when they go on vacation. For example, you get 10% off when you book a rental home through Onefinestay; rental car insurance; and access to Mastercard’s Travel & Lifestyle Services program. That comes with trip planning assistance, a discount on airport meet-and-greet services, hotel benefits such as room upgrades and early check-in/late checkout, and access to Mastercard’s Lowest Hotel Rate Guarantee program. Under that, Mastercard refunds the difference if you use your card to book a prepaid hotel room and then find the same room at a cheaper rate. The card also charges a $0 foreign transaction fee and offers travel accident insurance coverage of up to $1 million. Finally, you get $5 off any purchase of $25 or more made through Postmates; free two-day shipping and free return shipping through Shop Runner; and discounted access to select golf courses. Variety is the spice of life — and of credit card reward redemption. That’s particularly true of the HSBC Cash Rewards Mastercard® credit card, where multiple different redemption options give you maximum flexibility. For example, you can redeem your points for travel, gift cards or merchandise. If you have an HSBC Bank account, you can even receive rewards as a direct deposit into your account. Because point values may fluctuate based on your preferred redemption option, you should read the card’s fine print before you redeem your points to make sure you’re not throwing them away. The HSBC Cash Rewards Mastercard® credit card is not the best card if you’re trying to accumulate miles or other travel rewards. It’s not the best card if you’re looking for a sweet bonus or an incredible deal on balance transfers. And it’s not the best card if you’re looking for premium benefits. But if your goal is to accrue maximal cash back with minimal costs — and some solid value-added benefits — you’d be hard-pressed to find a better card. A No Annual Fee annual fee, solid introductory terms, a reliable earnings rate, a competitive APR, a unique anniversary benefit and attractive travel benefits make this a leading card for anyone who puts cash back at the top of their rewards wish list. The HSBC Cash Rewards Mastercard® credit card is a solid card with good terms and great benefits. Depending on your goals and priorities, however, there might be better choices. The Capital One® Quicksilver® Cash Rewards Credit Card is comparable in many respects to the HSBC Cash Rewards Mastercard® credit card. Both cards, for example, have a $0 annual fee and 1.5% cashback rewards. This card, however, has a couple of key advantages. Although the HSBC Cash Rewards Mastercard® credit card offers 3% cash back on all purchases for the first 12 months that you’re a cardmember, up to $10,000, with the Capital One® Quicksilver® Cash Rewards Credit Card you can one-time $150 cash bonus once you spend $500 on purchases within 3 months from account opening While the former could be more lucrative if you’re a high spender, the latter is a surefire benefit that you can count on by spending $500. The Chase Freedom Unlimited® offers the same bonus as the Capital One® Quicksilver® Cash Rewards Credit Card: $150 cash back after you spend $500 on purchases in your first 3 months from account opening. If you’re a big spender, that might be inferior to the 3% cash back promised by the HSBC Cash Rewards Mastercard® credit card, but it’s a much better carrot if you’re a low to moderate spender. The Citi® Double Cash Card – 18 month BT offer has the HSBC Cash Rewards Mastercard® credit card beat when it comes to cash back. Even when you take into account the HSBC card’s most unique benefit — a 10% anniversary bonus on all cash rewards earned during the previous 12 months — the latter offers just 1.65% cash back while the former offers a full 2% cash back: 1% when you buy, plus 1% as you pay. The Citi® Double Cash Card – 18 month BT offer also has a $0 annual fee. Joe Resendiz is a former investment banking analyst for Goldman Sachs, where he covered public sector and infrastructure financing. During his time on Wall Street, Joe worked closely with the debt capital markets team, which allowed him to gain unique insights into the credit market. Joe is currently a research analyst who covers credit cards and the payments industry. He earned a bachelor’s degree from the University of Texas at Austin, where he majored in finance. These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Advertiser Disclosure: The products that appear on this site may be from companies from which Value Penguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Value Penguin does not include all financial institutions or all products offered available in the marketplace. How We Calculate Rewards: Value Penguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are Value Penguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125). Westjet rewards mastercard www rbc ca online banking The Additional WestJet Dollars do not apply to product changes from another RBC credit card to the WestJet RBC World Elite Mastercard. The World Elite Companion Voucher is offered to new WestJet RBC World Elite Mastercard cardholders only, and annually thereafter 4-6 weeks after the annual fee is charged. WestJet Rewards is the WestJet frequent flyer and loyalty program. Sign up or sign in to your account to earn and redeem WestJet dollars, get offers and more. The browser you are using is not supported. Jun 03, 2019 The RBC World Elite Mastercard is the single best way to maximize your WestJet Rewards. For starters, WestJet is currently offering $250 in WestJet dollars as a sign up bonus. Not only that, but World Elite cardholders enjoy a number of added benefits. Enhanced in early 2016, the West Jet RBC World Elite Mastercard is a companion travellers dream. The card for Canada's second largest airline and its relatively young rewards program is definitely suited to a wide ranging amount of Canadians who can utilize its benefits. The West Jet RBC World Elite Mastercard is the co-brand card for the West Jet Rewards frequent flyer program. The card issued by RBC has been around for several years now and has always been a decent travel rewards card option for West Jet travel. It is the ideal card for individuals who travel on West Jet regularly and for couples or families who travel on West Jet at least once per year. The West Jet RBC World Elite Mastercard comes with a $99 Annual fee which is lower than most of its competitors that offer a similar level of rewards and benefits. Supplementary cards run $49 which is the essentially the same as the majority of the Infinite/Platinum/Gold travel credit card offerings from other banks. The interest rate on the card is 19.99% which is also in line with most of the cards at this level. Income requirements for the card are $70,000 Personal or $120,000 Household. The West Jet RBC World Elite Mastercard has two earn rates associated with it. If you use the card for West Jet or West Jet Vacations purchases you'll earn 2% of those values in West Jet dollars. All other eligible purchases made on the card earn 1.5% in West Jet dollars. That essentially makes this a 1.5% return card on the majority of your purchases save for those directly made with West Jet or West Jet vacations. West Jet Rewards is a nice simple frequent flyer program to wrap your head around. One West Jet dollar is the equivalent to one Canadian dollar when you redeem for West Jet flights or vacation packages. You can use that as 25 dollars towards any West Jet ticket to save you money no matter the cost of the ticket. If that ticket is $300 before taxes and you have 300 West Jet dollars you can redeem for the full amount meaning that ticket is essentially free as you still have to pay for taxes and fees. At this time West Jet dollars cannot be used towards taxes and fees. Perhaps this is something they will add in the future seeing that a big competitor of theirs now offers that option. If you have used flexible point programs like TD Visa's travel anywhere benefit or American Express' Use Points for Purchases before for travel than the West Jet program should be easy for you to use as it mimics these programs. Essentially West Jet is taking the best of two worlds, a frequent flyer program and a travel anywhere credit card program and combining them into one program. Unlike competing programs here in Canada, West Jet Rewards only has a few a redemption options as we mentioned above, flights and vacation packages. But that is what an airline program is meant to be. Right now you can redeem for any West Jet flight including their code shares on partner airlines like American Airlines and Delta so long as it has a West Jet flight number and issued as a West Jet ticket. This means you can use your West Jet dollars to fly most places in North America, Sun destinations like Hawaii, Mexico, the Caribbean and Central America as well as on West Jet's flights to Europe. The West Jet RBC World Elite Master Card has some great features and benefits that are particularly useful to those who travel on West Jet. The first well known benefit is the first checked bag free option. When you hold the West Jet RBC World Elite Mastercard, you and up to 8 guest travelling on the same reservation can each check your first bag for free. And you don't even have to purchase the tickets on your West Jet RBC World Mastercard! So long as you are a cardholder which will be identified by your West Jet Rewards number you can take advantage of this benefit. The second and also the biggest benefit that this card also comes with is a very strong companion voucher ticket offer that is available annually. Prior to March 2016 this offer was limited to Canada and the Continental U. but that was expanded to be able to use on any West Jet operated flight. The way it works is that when you purchase one ticket with West Jet you can get a companion ticket for as a little as $99. Here are the annual companion ticket options (prices don’t include taxes, fees and charges): What does this mean? Well it means it can save a crap load of money when you travel as the beauty of the voucher is that it works on any fare class at anytime with no blackouts. So you could book a more expensive Plus Fare to London and get your companion in Plus as well for only $399! For example take middle of July busy season flights to London Gatwick from Calgary: the Plus Fare is $2,074 before taxes and fees. That means the companion fare at $399 will save you $1,675!! Don't forget that you can also use any and all of your West Jet dollars towards the first person's fare to save even more money! Finally the card also has a strong insurance package that places it in the middle of the road with its competitors. It includes emergency medical insurance (15 days for those 64 and under; 3 days for 65 ), travel accident insurance, trip interruption insurance, hotel and rental car insurance. Plus it also has extended warranty and purchase protection There are four major items that are good about this card. Used the right way it can save you tons of money on a West Jet trip every year. Finally the fourth item that makes this card appealing is the annual fee, its only $99. Secondly is the first checked bag benefit at a savings of $25 a pop. That's $21 to $51 lower than many of this card's direct competitors and in that first year you get the $250 and whatever other savings you get from the companion voucher and free bag benefit. There are just a few things that are not so good about this card. I have travelled at times with a group of 6 people on West Jet, so right there on a round trip flight that would save $300 if buying the lowest fare class. First is the earn rate, at 1.5% on the majority of purchases there are cards out there that compete with this one that will give you 2% back or even more and those cards don't limit you to redeeming on West Jet only. The 2% back on West Jet purchases is decent but you can get that on the American Express Gold Rewards Cards as well and then have many more redemption options to use that 2% reward you earned. The second issue we have with the card is more so with the West Jet Rewards program and not the card itself but being a co-brand card these go hand in hand! That issue is your limited redemption options in terms of where you can fly. This card has been awarded the best travel card for Canadians by other websites and publications but we have difficulty with that designation as it can't get you to every corner of the globe like other cards nor can it get you into business class or first class seats.... Seeing that you can only redeem on West Jet coded flights you are limited to redeeming for economy or Plus flights within Canada, to the U. S., to Sun destinations and their three (at time of publishing) cities in Europe. You can't fly to Australia, Asia, Africa or many other destinations with West Jet Rewards. Now we say 'yet' because West Jet's partnerships with other airlines are expanding. For example they teamed with Qantas for reciprocal earning but when the announcement came out they also said that redemption will come in 2017. When that happens you'll be able to use West Jet dollars to fly on Qantas and chances are even in Business or First Class. As is always the case it depends on your travel habits! If you travel on West Jet then in most cases the card will make sense but not always. If you are a solo traveller who only flies West Jet once or twice per year you are better off getting a credit card that offers a higher return such as the mbna Rewards World Elite Mastercard as you'll earn more miles on your purchases that you can still redeem on West Jet flights. Being a solo traveller you won't make use of the companion voucher so you are better off with that higher earn elsewhere. However if you travel at least once a year with two or more people or as a single traveller frequently with checked baggage on West Jet then the card is a no-brainer as you can make use of the companion voucher and the first checked bag free benefits to save you a ton of cash. On the flip side if you travel to places that West Jet doesn't serve or their partners like Qantas don't serve the card doesn't make much sense. Well for the $99 annual fee you get the 250 West Jet dollar sign up bonus. That being said, at a minium if you know you are going to fly West Jet at least once, and you can even be that solo traveller we mention earlier you may want to get the card just to save on that one flight. This means you can save $151 on that one West Jet flight and then cancel the card. Don't tell them that we told you to do this though! ;-)Overall this card makes great sense for a lot of Canadians who foresee themselves travelling on West Jet at least once per year with a companion or a few times per year individually. The benefits the card comes with are really second to none as no other card has a companion voucher offer like this and very few have a checked bag benefit. When you get this card it isn't so much the West Jet dollars you earn on your everyday spending even though they will add up it is about those two huge benefits it comes with.