Rbc rewards gold royal bank line of credit Coverage underwritten by RBC Insurance Company of Canada. Coverage underwritten by Aviva General Insurance Company in the Province of Quebec and by RBC Insurance Company of Canada in the rest of Canada. Coverage underwritten by Aviva General Insurance Company. Under 65 years of age, 15 days of coverage. For age 65 and over, 3 days of coverage. Feb 12, 2017 Read and share reviews for RBC Rewards VISA Gold. The largest consumer review platform where Canadians share their stories.

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If, within a certain amount of time of purchasing an item, its price drops or you find an identical item offered for a lower retail price than what you paid, you will be reimbursed for the difference. If, while you are checked in, your personal property is stolen from your hotel/motel room and there is evidence of forceful entry, you will be reimbursed for the stolen property up to a certain amount. This insurance covers you up to $500,000 in the event of an accidental bodily injury resulting in one of the losses listed below, while travelling on a common carrier, or while at the airport, pier, terminal or station at the beginning/end of your trip. Coverage is activated when you have paid for the full transportation fare for your trip with your RBC credit card and/or West Jet dollars prior to commencing your trip. In addition to the amount payable above as the result of a loss, you will also be reimbursed for the reasonable and necessary expenses you actually incurred, up to a limit of $2,500, for special training provided these expenses are incurred within 2 years from the date of the accident. Also, when you are confined as an inpatient in a hospital for injuries that result in a payable loss, and you require the personal attendance of a family member as recommended by the attending physician, the insurer will pay, up to a maximum of $1,000, for the expenses incurred by the family member for transportation to you by a common carrier. If your rental vehicle is damaged or stolen while rented out in your name, you are covered up to the vehicle’s actual cash value plus any valid loss of use charges, reasonable towing charges and administrative charges resulting from the damage or theft. This includes damage resulting from malicious vandalism and theft. You are eligible for this type of coverage provided that: Note: This insurance does not cover third party liability coverage. Check with your personal automobile insurer and the rental agency to ensure that you and all other drivers have adequate third party liability, personal injury and damage to property coverage. If the vehicle has sustained damage of any kind, call Assured Assistance at 1-800-533-2778 immediately, but in all events within 48 hours. For your claim to be reviewed, you must submit the following original documentation within 90 days, as applicable: Personal property and gifts purchased using your West Jet RBC World Elite Master Card and/or West Jet dollars are insured against all risks of direct accidental physical loss or damage for 90 days from the date of purchase. If you paid for the personal property or gift using your West Jet dollars, you are insured for the amount of West Jet dollars you redeemed to pay for your purchase. Note: The maximum amount of coverage is $50,000 (or the equivalent number of West Jet dollars) per West Jet RBC World Elite Master Card account for each year. If you call Assured Assistance at 1-800-533-2778 at the time of the loss or damage you will receive the necessary claims assistance. If you do not call Assured Assistance, you must notify the RBC Insurance Claims Centre at 1-800-464-3211 within 30 days of the date of the loss or damage. For your claim to be reviewed, you must submit the following original documentation within 90 days of the date of the loss or damage, but in all events, no later than 1 year: This insurance plan automatically doubles the original manufacturer’s warranty, up to a maximum extension of one year. Coverage starts immediately following the expiry of the original manufacturer’s warranty, but in no event will the combined Extended Warranty and original manufacturer’s warranty exceed five years. Items covered by Extended Warranty Insurance must have been purchased using your West Jet RBC World Elite Master Card and/or West Jet dollars. Note: You must notify the insurer to obtain approval of the repair services and the repair facility before proceeding with any repair services. If you call Assured Assistance at 1-800-533-2778 at the time of the loss or damage you will receive the necessary claims assistance. If you do not call Assured Assistance, you must notify the RBC Insurance Claims Centre at 1-800-464-3211 within 30 days of the date of the loss or damage. For your claim to be reviewed, you must submit the following original documentation within 90 days of the date of the loss or damage, but in all events, no later than 1 year: If, as a result of one of the covered reasons for interruption occurring during your trip, you are prevented from continuing the trip or are unable to return to your departure point on the original scheduled return date, your eligible expenses are covered up to $5,000 per person and up to $25,000 per trip. You, your spouse and dependent children, as well as up to 3 travelling companion are all eligible to receive benefits under this insurance when the full cost of the trip is paid for with your West Jet RBC World Elite Master Card and/or West Jet dollars. In the case of interruption of your trip, you will be reimbursed for the non-refundable unused portion of your prepaid travel arrangements, excluding the cost of prepaid unused transportation back to your departure point. You will also be covered for your economy-class transportation via the most cost-effective route to your departure point, or to your next destination (inbound and outbound). Note: Travel benefits must be undertaken within 10 days following your originally scheduled return date if your delay is not the result of hospitalization, or within 30 days if it is. Call Assured Assistance at 1-800-533-2778 immediately to receive the necessary claims assistance. If you do not call Assured Assistance, you must notify the RBC Insurance Claims Center at 1-800-464-3211 within 30 days of the date of the cause of interruption or delay to obtain a claim form. For your claim to be reviewed, you must submit the following information within 90 days of the date of the cause of the interruption or delay, but in all events, no later than 1 year: If your scheduled flight departure is delayed by more than 4 hours, then you will be reimbursed up to $250 per day per person and up to a maximum of $500 per occurrence for the reasonable and necessary expenses you incur. In addition, if you miss a connecting flight due to the delay of your incoming flight, or you are denied boarding your confirmed scheduled flight due to the airline's overbooking, and in either of these cases alternative transportation is not made available to you within 4 hours, you will also be reimbursed. Reasonable and necessary expenses include hotel accommodation, restaurant meals, refreshments, emergency purchases and other sundry items (such as a magazine, paperback book and other such small items). This insurance is effective when the full cost of your airline ticket is paid with your West Jet RBC World Elite Master Card and/or West Jet dollars, and your luggage is checked with that airline. Note: Reasonable and necessary expenses must be incurred within 48 hours of the delay or denied boarding. If you call Assured Assistance at 1-800-533-2778 at the time of the flight delay, missed connection, or denied boarding, you will receive the necessary claims assistance. If you do not call Assured Assistance, you must notify the RBC Insurance Claims Centre at 1-800-464-3211 within 30 days. For your claim to be reviewed, you must submit the following original documentation within 90 days of the date of the delay, but in all events, no later than 1 year: This insurance covers reasonable and customary expenses, in excess of any medical expenses payable by your GHIP or any other insurance plan, for emergency treatment medically required during your trip as a result of a medical emergency. Unless otherwise noted, the maximum benefit for emergency medical insurance is unlimited. You will be covered for: you seek emergency treatment, or if you choose to seek care from a non-approved medical service provider, you will be responsible for 20% of your medical expenses covered under this insurance (and not recovered from your GHIP), to a maximum of $25,000. Should your medical condition prevent you from calling Assured Assistance before seeking emergency treatment, you must call as soon as medically possible or someone else may call on your behalf. You must submit the information required for your claim within 90 days of the date of the emergency treatment or other expenses were first incurred. If this is not reasonably possible, you must do so within 1 year or your claim will not be reviewed. For your claim to be reviewed, you must submit the following information: In the event that your checked luggage is permanently lost, you will be reimbursed up to $500 per person and up to a maximum of $2,500 per trip for the reasonable and necessary expenses you incur for the minimum essential clothing and toiletries. This insurance is effective when the full cost of your airline ticket is paid with your West Jet RBC World Elite Master Card and/or West Jet dollars, and your luggage is checked with that airline. If you call Assured Assistance at 1-800-533-2778 at the time of the loss you will receive the necessary claims assistance. If you do not call Assured Assistance, you must notify the RBC Insurance Claims Centre at 1-800-464-3211 within 30 days of the date of the loss. For your claim to be reviewed, you must submit the following original documentation within 90 days of the date of the loss, but in all events, no later than 1 year: If your checked luggage is delayed by more than 4 hours from the time of your arrival at the scheduled destination, you will be reimbursed up to $500 per person and up to a maximum of $2,500 per trip for the reasonable and necessary expenses you incur for the minimum essential clothing and toiletries. This insurance is effective when the full cost of your airline ticket is paid with your West Jet RBC World Elite Master Card and/or West Jet dollars, and your luggage is checked with that airline. Emergency purchases must be made before your checked luggage is returned to you and no later than 4 days after you've arrived at the scheduled destination. If you call Assured Assistance at 1-800-533-2778 at the time of the delay you will receive the necessary claims assistance. If you do not call Assured Assistance, you must notify the RBC Insurance Claims Centre at 1-800-464-3211 within 30 days of the date of the delay. For your claim to be reviewed, you must submit the following original documentation within 90 days of the date of the delay, but in all events, no later than 1 year: If your personal property is lost or damaged as a result of wrongful entry, indicated by visible signs of force, into your hotel room, motel room, or cruise cabin while you are a registered guest, you will be reimbursed up to a maximum of $2,500 per burglary occurrence for the repair or replacement of your personal property. Coverage begins at the actual time you check into your hotel room, motel room, or cruise cabin, provided that your hotel room, motel room, or cruise cabin is paid with your West Jet RBC World Elite Master Card card and/or West Jet dollars. The insurer will pay for the lesser of the following amounts: If you call Assured Assistance at 1-800-533-2778 at the time of the burglary you will receive the necessary claims assistance. If you do not call Assured Assistance, you must notify the RBC Insurance Claims Centre at 1-800-464-3211 within 30 days of the date of the burglary. The West Jet RBC World Elite Mastercard is the obvious choice as it is the primary card out there for West Jet Rewards. It should also be the primary card you use in this ultimate portfolio. It will earn 1.5% back in West Jet dollars on all purchases except for West Jet/West Jet Vacations purchases where that is bumped up to 2%. The RBC Visa Infinite Avion earn RBC Rewards Points which can then be converted to West Jet dollars. The rate they convert at is 100 RBC Rewards Points to 1 West Jet dollar which translates to 1% back on all Avion purchases except travel where it is 1.25%. Several times per year RBC holds a transfer bonus to West Jet that provides 20 to 30% more West Jet dollars. The final card, the American Express Cobalt Card does not actually earn any points that can be converted to West Jet dollars but we'll explain below on why it should be part of the portfolio. Put all your spend on the West Jet RBC World Elite Mastercard. This card earns the most dollars out of the few cards out there where you can earn or convert from. Only put spending on the RBC Avion or American Express Cobalt Card when you are at a merchant that doesn't accept Mastercard (which is extremely rare! ) or need to utilize the points from the Amex card as detailed next. When you do make purchases on the other two non West Jet cards you'll want to end up using the points as follows. Convert the RBC Rewards points only during their bonus offers for making transfers. These bonuses are typically seen twice per year and range from 15 to 30%. If you really need to redeem West Jet dollars outside of those promotion times you can convert your RBC Rewards Points but be aware you are losing some value. With the American Cobalt Card card you earn Membership Rewards points, 5 points per dollar on Eats & Drinks, 2 points per dollar on Gas, Transit and Travel Purchases and 1 point on all other spending. Simple, say you need to buy $750 worth of West Jet tickets and you have $200 in West Jet dollars sitting in your rewards account. Use the $200 to bring the ticket down to $550 and then put the rest of the ticket purchase on the American Express Cobalt Card. That $550 will net you 1,100 Membership Rewards points. Once the West Jet charge shows up on your Amex statement you can redeem 1,000 of those points to get a $10 credit against the West Jet charge. If you had put the purchase on the West Jet card, you would have earned the same 2% but that would have to be put towards a future charge. Since you cannot use West Jet Rewards dollars towards the taxes and fees on West Jet flights this is where the Amex card (or others also make sense). Take that same $750 ticket and say the taxes were $150. You have $800 in West Jet Rewards dollars, you can only redeem $600 towards the flight and still pay the $150 in taxes and fees. Put those taxes and fees on the Amex Cobalt and then redeem Membership Rewards Points against that charge. If you have 15,000 points that would cover the entire amount so now that $750 West Jet Ticket is truly free! • $250 West Jet dollars Bonus Annual $99/$299/$399 Companion Flight when you sign up for and receive the West Jet RBC World Elite Mastercard. • Earn 1.5% back in West Jet dollars on every purchase you make with your card • Earn 2% back in West Jet dollars when you purchase West Jet flights or West Jet Vacations packages with your card • Companion flight vouchers are an annual benefit. • First bag free for the primary cardholder up to 8 people traveling on the same reservation to anywhere West Jet flies! • In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. • Earn 5 points for every $1 spent on Card purchases at eligible restaurants, bars, grocery stores and food delivery in Canada • Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That’s 2X the points on purchases that get you from point A to B • Earn 1 point for every $1 in Card purchases everywhere else. We won’t tell you where to spend, we’ll just reward you on your Card purchases • Get advance access to tickets to some of the hottest concerts, shows and events through Front Of The Line® by American Express Invites® and advance screenings to blockbuster movies. • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. • Conditions Apply You can boost your earning even more if you are willing to pay higher annual fees on the RBC card. For example if you take on the RBC Avion Visa Infinite Privilege at $399 per year compared to the $120 per year for the Infinite you'll be able to boost your basic spending earning (non-category bonus) to 1.25 points per dollar. There is also the RBC Visa Platinum Avion but it costs the same as the Infinite so why bother but if you don't want to pay as much for annual fees you can also look at the West Jet RBC West Jet Mastercard and the RBC Rewards Visa Gold or Signature cards to earn RBC Rewards points that will convert to West Jet. For Amex you could also look at the American Express Gold Rewards card as an option. What do you find works best for you for earning the most West Jet dollars? Do you use these three cards exactly as laid out above or do you use a different combination? Westjet world elite mastercard rbc online banking customer service WestJet MasterCard World Elite Credit Card Benefits. One WestJet dollar equals $1 Canadian towards travel with WestJet. You earn 2 % on WestJet related spend and 1.5 % everywhere else. As we said before, what distinguishes this card from most Canadian travel rewards cards is its annual companion voucher. WestJet RBC ® World Elite MasterCard. Our safe and secure online application is 5 simple steps and you will get a response in less than 60 seconds. Get 250 welcome WestJet dollars ‡ ^ Flight Benefits. First checked bag free for primary cardholder on WestJet flights † Receive an annual round-trip companion voucher that allows you to go. For benefits that go above and beyond rewards, both Mastercard and Visa offer their own respective programs to up the value you can get from your credit card. Mastercard offers the World and World Elite programs, while Visa offers the Visa Infinite and Infinite Privilege programs. Today, we’re going to compare them side by side, check out what they offer, and see who has the better program. Both Mastercard and Visa offer two levels within their programs. For Mastercard, they have: Each of them offer different levels of perks. For our exercise, we’ll be comparing World Elite and Visa Infinite cards, as they’re the closest to each other in terms of benefits. Here’s an overview of the basic benefits offered by World Elite Mastercards and Visa Infinite Privilege cards. Both programs have cards that offer membership to their lounge programs, but few of them offer actual passes. Because you normally have to pay an annual fee on top of your individual lounge access passes, you’re still saving quite a bit, even if the cards don’t come with passes (though it’s definitely better if they do). Select World Elite Mastercards offer membership to their own program – Mastercard Airport Experiences provided by Loungekey. This will give you membership to over 1,000 airport lounges worldwide, but only a select few cards offer complimentary passes. If your card doesn’t provide any free passes, you’ll have to pay $32 USD each time you want to use your lounge access. It comes with a Priority Pass membership and 6 free passes per year. For concierge service, both programs offer a full-service concierge to help with travel plans, dinner reservations, and event tickets. Mastercard World Elite concierge and Visa Infinite concierge are ready to help you with your travel plans, or even anything that comes up while you’re in the middle of your journey. When it comes to travel insurance, World Elite Mastercards have a slight edge. The differences between the 2 lie in the various rental car protections. World Elite Mastercards issued by BMO, MBNA & Brim Financial have car rental personal effects and accident insurances, something no Visa Infinite card currently offers. Otherwise, they generally have the same protections and coverage amounts. The best World Elite Mastercards come with 15 (out of To be able to acquire these cards, you need to meet set income requirements. In this regard, Visa Infinite cards definitely have a leg up on their competition. You need a personal income of $60,000 or a household income of $100,000 to qualify for a Visa Infinite card. While this may seem high on its own, they sound better than the income requirements for World Elite Mastercards, which increase those numbers to $80,000 personal or $150,000 household. Both programs offer access to events that can’t be found anywhere else. For Visa Infinite, you get the Visa Infinite Dining Series and Wine Country programs. The Dining Series gives you exclusive access to dining events that will make you want to get your camera out and show off to everyone. For the wine guru, the Wine Country program will let you participate in wine tastings and tours at a reduced cost compared to what anyone else has to pay. You’ll be able to pick from a wide variety of experiences and once-in-a-lifetime opportunities to events from all over the world. If you want to see more than just a show with Cirque du Soleil, Mastercard holders get access to exclusive perks like backstage access, 15% discount on Canadian shows, discounts at Las Vegas shows, and preferred seating. Above everything else we discussed, each program also has one special extra perk. For Visa Infinite, it’s the Luxury Hotel Collection. You’ll get great benefits at over 900 properties worldwide, such as a free room upgrade, $25 USD food or beverage voucher, VIP guest status, and more. On the World Elite Mastercard side, they offer Mastercard World Experiences. With this perk, you can get preferred access and complimentary upgrades on all kinds of offers, like upscale retailers and resorts . Using the genius rating as determined by our best networks pages for both Mastercard and Visa, here are the top options currently available. It offers the most amount of AIR MILES over any other AIR MILES card. First, it comes with a welcome bonus of up to 3,000 AIR MILES – 1,000 after your first purchase and another 2,000 after spending $3,000 in the first 3 months. And you earn 1 mile for every $10 spent on the card, plus double miles on National and Alamo car rentals. It also allows you to increase the value of every mile you earn. S., and you’ll need 15% fewer miles to get your flights. Throw in 14 types of insurance, and you’ve got a card that’s great for all your travels. To top it all off, the first year is currently free as well. You’ll earn Aeroplan miles on every purchase, and a sign-up bonus that starts after making your first purchase. And, for the first 3 months, you’ll also earn 5,000 bonus Aeroplan miles every month you spend $1,000 for a total of 15,000 miles earned. You also earn bonus miles on a variety of categories: These perks make a free flight even sweeter. And with 10 types of insurance, it still has plenty of coverage while you’re out and about. Let us know how your experience went in the comments below. It’s also offering a rebate on the annual fee for the first year, so you can take the card for a test drive. Regardless of the program, you’ll get great benefits that go beyond just rewards. As such, we have developed a process to safely dispose of your card. We recommend that you do not attempt to cut your card or put it through a paper shredder (the shredder would likely suffer more damage than the card). When you receive your replacement card in the mail, the package will include a security enhanced, postage paid envelope to return your original card. Simply place your card in the built-in pouch found in this envelope, seal and drop it in any Canada Post mailbox. The card will be returned to RBC for proper disposal. You can also obtain an envelope by contacting your Private Banker who will be happy to send you one. Please do not use a regular envelope to return your credit card. points that you can use toward travel, merchandise, gift cards or RBC Financial Rewards. Book travel using our online booking tool and enjoy the convenience of no blackout periods or seating restrictions. points that you can use toward travel, merchandise, gift cards or RBC Financial Rewards. Book travel using our online booking tool and enjoy the convenience of no blackout periods or seating restrictions. If you'll be travelling soon and plan to use your credit card or client card, you no longer need to tell us you’ll be away from home. We have industry-leading fraud detection systems that protect you and your accounts from suspicious or unauthorized transactions. Just make sure we have your up-to-date contact information so we can reach you if necessary. To view or update your contact information, sign in to Online Banking and select Profile and Preferences from the Banking tab. We are all concerned about privacy and security issues including identity theft and fraud. RBC is committed to protecting you, but at the same time, you face decisions every day about what personal information you divulge and how you conduct yourself online. Find out what steps you can take to protect yourself and keep your information secure. Authorized Transactions are those that still need to be settled by a retailer or service provider. When a retailer or service provider finishes the work on their end, the transaction will move to Posted Transactions. We’ve paid the retailer or service provider and charged the transaction to your credit card. Sometimes you’ll see an Authorized Transaction that doesn’t match the final amount of your purchase. Some businesses (like gas stations and hotels) ask us to pre-authorize an amount before you’ve finished your purchase. Once we settle the charge, you’ll see the actual amount you spent in your Posted Transactions.


American Express is gone from Costco Canada stores and Mastercard is in. While Capital One® took the co-branded card away from American Express with essentially the same offering on their Capital One® Platinum Mastercard® it does not mean you have to have that card to shop at Costco. In fact any Mastercard card is accepted at Costco locations across Canada and with so many Mastercard cards to choose from here in the Great White North we thought it would be best to pass along our picks for the five best cards to use at Costco. At the time of the last update of this feature the Rogers World Elite Mastercard is the best card to use at Costco. This thanks to its 1.75% return on most card spending including those purchases at Costco. The Rogers card is a cash back card and you can redeem for cash back against a purchase once your rewards balance hits $20. The card doesn't have a huge sign up bonus but does provide a decent insurance package and also comes with the latest Mastercard World Elite benefits and best of all - it has no annual fee. Note that as of June 2, 2020 the card will only reward 1.5% on Costco and most other purchases. This card underwent some changes not too long ago that made it drop from being the best card to use at Costco to the second best. Ulltimately it can be the best if you only redeem your MBNA Rewards points for travel. When you do you are earning a 2% return on your Costco and all other purchases. However if you redeem for cash back the rate is lower where you will earn a 1.67% return. It will jump back up to first when the Rogers card goes through its changes on June 2. The Brim World Elite Mastercard has one of the highest returns for purchases at 2% but there is a reason we have that asterisk above. The 2% on the Brim World Elite Mastercard is limited to $25,000 in annual spending - not just at Costco. So if you spend more than this your rate of return drops to 1% on any spending over and above $25K so it will dliute your return over time. Add in a $199 annual fee and you get the picture as to why we don't actually place this card as the best one to use at Costco. The earn ratio goes down as we get through this list, the West Jet RBC World Elite Mastercard earns 1.5% West Jet Dollars for every dollar spent which means it is a 1.5% cash back card and that is the return you'll get on your Costco purchases. Add in the $99 to $399 annual companion fares, the $250 sign up bonus, first bag free on West Jet flights and you have yourself not only a good return at Costco but lots of other benefits! This card isn't travel rewards related but it offers up a good cash back return of 1.5% on all purchases at Costco and everywhere else. Add the limited time offer of 5% back on all purchases in the first four months (up to a total of $250 cash back) and you can see why this card would be good to use at Costco. The card also offers one of the better insurance packages out there for a cash back card. Although it isn't travel rewards related, the Capital One® Platinum Mastercard® - Exclusively for Costco members is a essentially a cash back card that replaced the True Earnings Card from Costco and American Express. While it has some great cash back earnings for non Costco purchases, you will in fact only earn 0.5% to 1% back on your actual spending at Costco which is less than other cash back or travel rewards credit cards so that is why this card doesn't factor in as one of the best Mastercard cards to use at Costco. Even if you have a Mastercard card that is not on this list but it earns rewards you are ahead of the game, it doesn't mean that your card is bad. It could very well be the right card for you or perhaps it is just OK and one of these will work better for you, especially if you spend a lot at Costco stores. You should also take into account all your other purchasing and loyalty program miles/points accumulation before applying for a new card or jumping ship from the card you currently have. There are two other cards that are decent to use at Costco - the Capital One Aspire Travel World Elite Mastercard which provides a 2% return and the Diners Club Club Rewards Mastercard which provides a 1.5% return. The only issue with these two cards is that they aren't available for new applications. If not are you apt to choose one of them or will you go with another Mastercard card? Only those people who currently have them can use them at Costco. Disclaimers: Our goal at Rewards is to present readers with reliable financial advice and product choices that will help you achieve your financial goals. Rewards Canada receives compensation from some companies issuing financial products, like credit cards and bank accounts, that appear on this site. Unless a post is clearly marked “Sponsored”, however, products mentioned in editorial articles and reviews are based on the author’s subjective assessment of their value to readers, not compensation. For full details and current product information click the Apply now link / learn more link. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this TD credit card, please click on the Apply Now button. There are several travel points cards in the Canadian credit card market. They seem to grab a lot of attention from marketing channels in Canada but I don’t think this type of card is the ideal card for most Canadians. In this article, I’ll talk about travel points cards that can have a specific travel redemption cost, that is completely independent from the market price of that travel. Something like an Aeroplan rewards card would be a travel points card. The market seems to have two different definitions of what a travel point is. The best cards in the Canadian credit card market currently appear to be Fixed Value Rewards cards, but are often touted as Travel Points cards. However, they are very different from what I consider a “Travel Points” card because they simply give you rewards that have a fixed dollar value. The BMO World Elite card, for example, gives you 2 pts / dollar spent. Those 2 pts are worth 2 cents against a travel purchase, with no ability to get any extra value beyond that. This would be considered a Fixed Value Rewards card and is more similar to a cash back card. The difference being that you require a travel purchase to release your cash back. Travel Points cards are those that define a specific redemption for a specific number of points, and that price is defined in advance. Something like an Aeroplan card would constitute a Travel Points card because there is a set schedule for how much any given flight will be. This price does not change daily or weekly but is set. This article will focus on the Travel Points cards of this nature. Travel points cards are great for a certain group of people, but really not very good for most others. I believe there are 3 types of people who will benefit from having a travel points card. You would benefit from a travel points card if: If you are not in one of those categories, then I believe that a travel points card would not be for you. In general travel points programs transfer value from “average Joe’s” to people in the above categories. Since their value is inherently variable relative to dollars, travel points programs will have some “winners” and some “losers” in their customer base. The points program administrators are hoping there are more losers than winners. If you are unsure if you are going to be a “winner”, then you are likely going to be a “loser” in this transaction. Remember, the program administrators need to make money too, so there will always be more people who get poor value from these systems than people who extract great value from them. To be a “winner” in this transaction, you need to spend a lot of energy and accrue lots of information about the programs and how to exploit them. If this is not appealing to you, then I suggest you stay away from these types of cards and programs. One of the advantages of frequent flier and travel points programs is their ability to discount higher classes of service heavily. If you would be willing to pay that premium for a higher class of service, then the travel points programs are a good choice for you. Often the premium for a business class flight is 4-5x the economy fare. There are some tax consequences to travel points programs when points are earned through credit card spend. If you buy and sell items, and you are getting cash back from a credit card, the value of that cash back is exact, and calculable, and therefore it is easy to enforce taxes on that amount. If you earn travel points instead, it is very difficult to calculate the specific value of those points, so the tax man has stated that those are ignored for tax purposes. There are 2 pieces to the puzzle when it comes to travel points credit cards: earning and burning. Earning is all about how many travel points you earn and how efficiently you can get them. Often you are given extra points for using partners or spending in certain categories. The rate at which you earn points is a concern for all credit card. For example, the The American Express® Gold Rewards Card (Canada) earns 1 Membership Rewards point / dollar spent on all purchases. It earns an extra Membership Rewards point for every dollar spent at grocery stores, gas stations, drug stores and on travel purchases. Burning is all about spending your earned points wisely and ensuring that you are getting good value from your travel points. Cash back cards and fixed value rewards card programs don’t have this issue because the value is fixed and there is nothing you can do to increase the value you get from each point. When it comes to travel points programs, burning is the key element of whether or not a card is a worth it or not. Some programs are notoriously bad for getting good value upon redemptions. If you are going to be getting a travel points card, then you need to make sure that you are going to be getting good value for your points upon redemption. Since travel points credit cards are slightly different than most other types of credit cards, these are the key elements that go into my rankings. This is far and away the best credit card in Canada for a very large percent of people. You have the freedom to redeem your rewards for a credit any travel that you book independent of their program. You get a great return of 4% on gas, grocery and restaurant purchases. The insurance and benefits are great and the annual fee is lower than most cards in this category. The signup bonus of $150 (15,000 points) with your first $1000 in everyday purchases in the first 3 months makes this an easy choice as a card to apply for. MBNA Alaska Airlines Coming in at #2, the MBNA Alaska Airlines card is a good one to consider. I think for people in Western Canada, Alaska Airlines is a great airline, and the rewards program is also very generous. You earn a straight 1 Alaska mile / dollar spent, but I think that Alaska miles are quite valuable. They can be redeemed for flights on Alaska Airlines, American Airlines, Delta Skymiles and Emirates. There are even some very generous stopover rules that can be very valuable for people in Vancouver. Hack My Trip does a great job discussing extracting great value from Alaska miles. Also, the annual fee on this card is only $75 which is less than most cards in this category. American Express Cobalt Card Application Link American Express Cobalt Card 1 American Express Membership Reward Point / dollar Spent 2 American Express Membership Reward Points / dollar Spent on travel and transit 5 American Express Membership Reward Points / dollar Spent on eats and drinks The RBC Avion card gets the #4 spot here because of the value of their partners. In 20, the gold standard for miles programs is probably American Airlines, whose miles can be worth about 1.75 cents for most people as long as they are used relatively well. British Airways points are also very valuable, depending on how you use them. Both American Airlines and British Airways are partners with RBC so you can transfer your RBC Avion points over to those programs. Quite regularly, there are transfer bonuses from this card: Given these transfers, the RBC is very generous in the earn rate of some very valuable miles. I also like that most amateurs can extract good value from miles like British Airways Avios, as long as they know how to. The other advantage of the RBC Avion card is the travel redemption schedule in case you want to offset a cash fare. The caps on the amount you can actually redeem your points for make this less lucrative than initially advertised, but it nicely puts a floor on the value of the points in case there is massive reduction in the value of British Airways or American Airlines miles before you can use your stash. Starwood Preferred Guest®* Credit Card from American Express Application Link Starwood Preferred Guest®* Credit Card from American Express This is another great card in the Canadian market. The earn rate is simply 5 points / dollar spent at SPG or Marriott Rewards properties and 2 points / dollar on everything else, but it is in the redemption of miles / points where the value of this card lies. SPG points will transfer to pretty much any airline program at a rate of 1:3. This card is an American Express card and comes with the normal host of benefits associated with a card of this caliber. American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply Something to note that neither the CIBC Aerogold or TD Aeroplan Visa Infinite cards made this list. This is because these cards have relatively low earn rates and Aeroplan miles are significantly more difficult to get good value out of as a Canadian than most other programs. Aeroplan adds very high taxes and fuel surcharges to redemptions on Air Canada flights making Aeroplan miles worth less than 1 cent for most popular routes. If you live in an underserved market or redeem your Aeroplan miles for flights operated by United, then you can increase the value of miles to you. Most Canadians will struggle to get any decent value either of these cards to make up for what could be earned from a fixed value rewards or cash back card. Westjet world elite mastercard rbc products This post contains affiliate links. If you’re a frequent WestJet flyer, then the WestJet RBC World Elite Mastercard is a must for you. To simply put it, WestJet Rewards is one of the best airline loyalty programs out there and the WestJet Mastercard allows you to earn WestJet Dollars at an incredible pace. The WestJet RBC World Elite Mastercard card as the co-applicant, and to whom a card has been issued. A co-applicant must be a permanent resident of Canada. Covered person means any of the following persons who have a valid government health insurance plan the applicant, the applicant’s spouse, and/or the applicant’s WestJet MasterCard World Elite Credit Card Benefits. One WestJet dollar equals $1 Canadian towards travel with WestJet. You earn 2 % on WestJet related spend and 1.5 % everywhere else. As we said before, what distinguishes this card from most Canadian travel rewards cards is its annual companion voucher. “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.