Today we’re going to take a look at one of our two credit cards that we believe all travel enthusiasts and F.I.R.E. pursuers should be looking into holding.
If you’re looking to do any amount of travelling this card is almost assuredly going to make those trips a lot more affordable and fit into any budget!
The card in question today is called the WestJet RBC World Elite MasterCard
We’re going to dive into why we now own this card and why you should too.
The Perks
When you own this WestJet RBC World Elite MasterCard you are entitled to the following benefits:
-First checked bag free
-Annual trip voucher for a companion with prices:
-Travel to Canada and the Continental US for $99 CAD
-Travel to Hawaii, Mexico, Central America and the Caribbean for $299 CAD
-Travel to the rest of the WestJet network for $399 CAD
-Receive $250 in WestJet dollars for signing up
-1.5% back in WestJet dollars on daily transactions
-2% WestJet cash back on flight purchases
Why it’s for us (and you too)
We live in Northern Canada and travel is expensive from our location. For those people reading who are from outside of Canada even taking flights staying within our borders you can easily run yourself a bill upwards of $1,000 round trip and it can be even worse around holidays.
Another factor is that Mrs. FIC’s family are all overseas in the UK and we fully intend to make at least one trip per year back home to see them, that almost guarantees we’ll get to use that one companion flight per year. Our flights back to the UK are typically right around $1,000 but can be more on occasion, so getting the companion flight for $399 CAD plus free checked baggage will end up saving us at least $600 per trip (once per year).
If for some reason we aren’t going back to the UK and instead wish to use the voucher to go see my family within Canada, or perhaps a trip to the US, Mexico etc. we’re still looking at roughly the same savings as that $99 CAD trip within Canada and continental US will assuredly be saving a pretty penny.
The downside
The yearly fee for this card is $119 CAD, the purchase interest is 19.99% and you must earn $80,000 per year or $150,000 as a household. Although these are fairly standard rates for credit cards with rewards they can come back to bite you if you’re someone who won’t be using the flights every year and/or if you’re someone who might charge the flight to the card and then not turn around and pay it off straight away. That 19.99% will catch up with you fast and ultimately nullify any savings you received in the first place.
All that being said, we’d just like to emphasize that you must be responsible and know yourself before getting one of these cards or using it for large purchases.
We hope you find this information helpful, as not everyone seems to know about this awesome deal!
If you’ve got any questions or comments feel free to drop them below or over at our Instagram @FindependenceCanada and we’ll get back to you.
Thanks for stopping by,
FIC.