Wednesday, December 9, 2009

First details of WestJet RBC MasterCard revealed

A bit off topic but since WestJet is from our hometown and their reward program will become a major player in the travel rewards industry in Canada, I felt that I should put my post from the Rewards Canada blog on Iflycalgary:

The first few details of the new WestJet RBC MasterCards have been revealed on the RBC website. Without knowing all the details yet it is hard to give a full judgement on the cards but from the earning standpoint on the cards they seem to be about average.

There are two offerings from RBC, the first is the WestJet RBC World MasterCard which offers 1.5% in WestJet dollars on everyday spending and assuming that WestJet dollars are 1 for 1 in redemption means this card offes a 1.5% return. This 1.5% falls below cards like the Capital One Miles Plus and Diners Club MasterCards but is equal to cards like the TD Travel Visas. Chances are this card will have an annual fee as it will have enhanced travel insurances and the higher earning rate of the 1.5%

The second offering is called the WestJet RBC MasterCard and it offers 1% back in WestJet dollars. We can assume this card will either have no annual fee or a low one like the CIBC AeroClassic Visa. Once again assuming a 1:1 redemption ratio this card falls in line with such cards at the ScotiaGold Passport Visa, Capital One Miles MasterCard and the majority of the credit union/small bank reward cards.

Since this card will be part of a significant rewards program in Canada you will soon see it on our comparison charts to see how it stacks up against other Canadian Travel Rewards credit cards.

As always you can find our main comparison chart here

To see the WestJet cards on RBC click here

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