Personal Finance

Save 3c / litre at Petro Canada when you link your RBC Credit/Debit card (+ 20% more Petro Points)

• Last Updated:
• Jul 22nd, 2018 8:41 pm
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Deal Addict
Dec 16, 2005
3670 posts
1475 upvotes
i just linked my RBC WestJet card.

This is the calculation for me.

It will be:
1. 1.5% westjet
2. 0.2% extra petro points
3. 2.5% (3c per liter off using \$1.20 per liter)
Total 4.2%

Compared to 2% cap1 card I was using before.

2.2% extra. I use about \$100 gas per month so it is about \$26.40 a year. Not a whole lot but offsets a bit of the annual fee on the RBC westjet card.
Member
Oct 31, 2009
301 posts
76 upvotes
Vancouver
mech9t5 wrote:
Nov 1st, 2017 1:11 pm
i just linked my RBC WestJet card.

This is the calculation for me.

It will be:
1. 1.5% westjet
2. 0.2% extra petro points
3. 2.5% (3c per liter off using \$1.20 per liter)
Total 4.2%

Compared to 2% cap1 card I was using before.

2.2% extra. I use about \$100 gas per month so it is about \$26.40 a year. Not a whole lot but offsets a bit of the annual fee on the RBC westjet card.
That's a lot of oranges, pears and apples mashed together to derive a banana number.
Deal Addict
Feb 1, 2006
1968 posts
430 upvotes
How long is this 3c/litre off on for?
Alterna Savings Visa Infinite
2% cold hard cash on everything, no caps, VISA acceptance
48 day medical insurance, trip cxl, trip interrupt
Discuss here
Moderator
Mar 23, 2004
37099 posts
3662 upvotes
Markham
Dont think there is an end date in sight...yet.
「もし、奇跡を起こせたら……」
Deal Addict
Dec 16, 2005
3670 posts
1475 upvotes
migx wrote:
Nov 1st, 2017 4:04 pm
That's a lot of oranges, pears and apples mashed together to derive a banana number.
That's because you don't understand math

X, y, z can all be in the same equation to come up with A
Moderator
Mar 23, 2004
37099 posts
3662 upvotes
Markham
Going to convert my RBC CB MC to the Rewards+ Visa, I see potential here~
「もし、奇跡を起こせたら……」
Sr. Member
Oct 22, 2015
930 posts
234 upvotes
angel_wing0 wrote:
Nov 1st, 2017 8:37 pm
Going to convert my RBC CB MC to the Rewards+ Visa, I see potential here~
Is switching online considered a new application for RBC?
Moderator
Mar 23, 2004
37099 posts
3662 upvotes
Markham
wra45mon wrote:
Nov 1st, 2017 9:32 pm
Is switching online considered a new application for RBC?
it shouldnt be, but i called in to switch anyway.
「もし、奇跡を起こせたら……」
Deal Addict
Sep 7, 2004
3785 posts
674 upvotes
GTEH!
angel_wing0 wrote:
Nov 1st, 2017 8:37 pm
Going to convert my RBC CB MC to the Rewards+ Visa, I see potential here~
RBC Rewards stuff are better than, say, Airmiles Rewards stuff (points-wise)?
Never been a fan of accumulating points to redeem for stuff that requires a high minimum points value, like Airmiles.
Moderator
Mar 23, 2004
37099 posts
3662 upvotes
Markham
Webhead wrote:
Nov 3rd, 2017 11:29 am
RBC Rewards stuff are better than, say, Airmiles Rewards stuff (points-wise)?
I will primarily use the rewards+ to redeem starbucks GC (1 point per \$1 spent, 2500 points for \$25 GC). It's provides a 1% return normally, but with the boost it's 1.20%. Better than using the CB Rewards which will be less than 1% (0.7% until you hit 6k spending, which will become 1.20%. But I dont spend 6k+ on gas every year so it's pointless for me) even with the boost. With Petro Points it will be 1.20% with the boost (assuming you redeem with Petro GCs), and with the 3 cents off premium (say \$1.30 per litre) that will be another 2.30% back. So in total it's 1.20%+1.20%+2.30% = 4.70%...better return than the 3% TD CB or 4% CIBC/Scotia CB cards. And remember they all have annual fees (unless you have AI to cover TD CB, where you need 5k in the account).
「もし、奇跡を起こせたら……」
Deal Guru
Feb 24, 2008
14144 posts
4934 upvotes
Gatineau
angel_wing0 wrote:
Nov 3rd, 2017 12:18 pm
I will primarily use the rewards+ to redeem starbucks GC (1 point per \$1 spent, 2500 points for \$25 GC). It's provides a 1% return normally, but with the boost it's 1.20%. Better than using the CB Rewards which will be less than 1% (0.7% until you hit 6k spending, which will become 1.20%. But I dont spend 6k+ on gas every year so it's pointless for me) even with the boost. With Petro Points it will be 1.20% with the boost as well, and with the 3 cents off premium (say \$1.30 per litre) that will be 2.30%. So in total it's 1.20%+1.20%+2.30% = 4.70%...better return than the 3% TD CB or 4% CIBC/Scotia CB cards. And remember they all have annual fees (unless you have AI to cover TD CB).
+1

I plan to redeem for \$25 Amazon GC (2500 points for \$25 Amazon GC).

djino
Moderator
Mar 23, 2004
37099 posts
3662 upvotes
Markham
djino wrote:
Nov 3rd, 2017 12:38 pm
+1

I plan to redeem for \$25 Amazon GC (2500 points for \$25 Amazon GC).

djino
Amazon is a great idea too, if only we can use the GC on Amazon US or if Amazon Canada is 50% of what Amazon US is (way more stuff there).
「もし、奇跡を起こせたら……」
Deal Addict
Sep 7, 2004
3785 posts
674 upvotes
GTEH!
angel_wing0 wrote:
Nov 3rd, 2017 12:18 pm
I will primarily use the rewards+ to redeem starbucks GC (1 point per \$1 spent, 2500 points for \$25 GC). It's provides a 1% return normally, but with the boost it's 1.20%. Better than using the CB Rewards which will be less than 1% (0.7% until you hit 6k spending, which will become 1.20%. But I dont spend 6k+ on gas every year so it's pointless for me) even with the boost. With Petro Points it will be 1.20% with the boost (assuming you redeem with Petro GCs), and with the 3 cents off premium (say \$1.30 per litre) that will be another 2.30% back. So in total it's 1.20%+1.20%+2.30% = 4.70%...better return than the 3% TD CB or 4% CIBC/Scotia CB cards. And remember they all have annual fees (unless you have AI to cover TD CB, where you need 5k in the account).
djino wrote:
Nov 3rd, 2017 12:38 pm
+1

I plan to redeem for \$25 Amazon GC (2500 points for \$25 Amazon GC).

djino
Thanks angel_wing0 and djino for the calculation and GC idea. Didn't think about using points to redeem for GC.
Might have to switch RBC cc. RBC called me and confirmed I was approved for Cashback MC.
Deal Addict
May 11, 2014
2325 posts
1295 upvotes
Iqaluit, NT
Webhead wrote:
Nov 3rd, 2017 11:29 am
RBC Rewards stuff are better than, say, Airmiles Rewards stuff (points-wise)?
Never been a fan of accumulating points to redeem for stuff that requires a high minimum points value, like Airmiles.
I find RBC Rewards points are fairly useful and much more flexible and valuable than Airmiles. Also, compared to most bank programs, RBC has larger bonus point earning options such as Uber gives you 2x if you use an RBC Rewards card. You can exchange 1 RBC Reward Point for 1 Cathay Pacific Asia Mile, 1 British Airways Avios, or 1 American Airlines AAdvantage mile. There were even transfer bonuses in the past. With Avion, there is also fixed mile reward redemptions too. And if you prefer, there are cash credit , or merchandise, although I find the reward rate on these not as good.
Support your local Credit Union!

Sask Pension Plan Upto \$6000/yr in Credit Card spending on RRSP contributions
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Deal Addict
Aug 9, 2011
1926 posts
312 upvotes
GTA
mech9t5 wrote:
Nov 1st, 2017 1:11 pm
i just linked my RBC WestJet card.

This is the calculation for me.

It will be:
1. 1.5% westjet
2. 0.2% extra petro points
3. 2.5% (3c per liter off using \$1.20 per liter)
Total 4.2%

Compared to 2% cap1 card I was using before.

2.2% extra. I use about \$100 gas per month so it is about \$26.40 a year. Not a whole lot but offsets a bit of the annual fee on the RBC westjet card.
just did the same with my we world elite card... awesome!

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