If you are a frequent traveler, you might be interested in the RBC WestJet Mastercard. However, before you apply for this credit card, it is important to understand the terms and conditions in the cardholder agreement. Here is a brief overview of what you need to know.
Firstly, it is essential to note that the RBC WestJet Mastercard is issued by Royal Bank of Canada (RBC) and is designed for individuals who want to earn WestJet Rewards points. These points can be redeemed towards flights, vacation packages, and other travel-related expenses.
To become a cardholder, you must meet the eligibility requirements specified in the cardholder agreement. This includes being a legal resident of Canada and having a minimum annual income of $80,000 or a household income of $150,000.
Once you are approved, you will receive a welcome bonus of 250 WestJet Dollars when you make your first purchase using the card. You will also earn 1.5% in WestJet Dollars on every purchase you make with the card and 2% on WestJet purchases. Additionally, you can earn up to $350 in WestJet Dollars as an anniversary bonus each year.
However, the cardholder agreement also includes a number of fees and charges that you should be aware of. These include an annual fee of $119, a cash advance fee of $3.50 per transaction, and an interest rate of 19.99% on purchases and cash advances.
It is important to note that the benefits, fees, and charges outlined in the cardholder agreement can change at any time, so it is essential to review the agreement regularly.
In conclusion, the RBC WestJet Mastercard is a great option for frequent travelers who want to earn rewards points towards travel-related expenses. However, it is crucial to carefully review the cardholder agreement to understand the terms and conditions, including eligibility requirements, fees, and benefits. By doing so, you can ensure that this credit card meets your specific needs and helps you achieve your travel goals.