Expired Hot Deals

[Royal Bank] [TARGETED][Luke Warm] $350 Westjet Dollars w/ RBC Signature No Limit bank account (x2 PAP or x1 PAD)

  • Last Updated:
  • Mar 14th, 2018 12:33 pm
[OP]
Member
User avatar
Feb 27, 2013
227 posts
163 upvotes
Calgary

[Royal Bank] [TARGETED][Luke Warm] $350 Westjet Dollars w/ RBC Signature No Limit bank account (x2 PAP or x1 PAD)

I got the following targeted offer via e-mail:

The Offer
"Get 350 WestJet Dollars, when You Open an RBC Signature No Limit bank account"

or 125 WJD w/ RBC No Limit Banking Account
or 350 WJD w/ RBC VIP Banking

Qualifying Period
My personal catered offer expires April 30, 2018, not sure what'll happen if you try with the generic link I attached (says it expires June 29, 2018?)

Criteria
Westjet Card Holders who do not have an RBC account.

To qualify you must either: Set up two pre-authorized payments (PAPs) or your payroll as a direct deposit. The 2 PAPs or first payroll deposit must go through your account by mmm dd, 2018 to qualify.

The Catch
You must keep your account open (without downgrading) for 12-months following the qualifying period.
RBC No Limit Banking: $125 bonus - $131.40 fees = -$6.40 loss
RBC Signature No Limit Banking: $350 bonus - 171.40 fees = $170.6 gain
RBC VIP Banking: $350 bonus - $360 fees = -$10 loss

This is looking at the offer purely from a monetary perspective and not on using the account.

Added Bonus
If you have the RBC Signature No Limit Banking account your annual card fees are reduced $39 for the non-Elite WJ card and $35 for the Elite WJ card. With the VIP Banking you get the full $119 annual fee back. So this increases the benefit on the No Limit account to ~$205.60-$209.60 and $109 for the VIP Banking (Elite only).
~Let your actions reflect your desires
11 replies
Member
Nov 2, 2007
203 posts
130 upvotes
Toronto
I got the same offer. There is a $14.95 month fee.
Member
Jul 2, 2013
360 posts
120 upvotes
VANCOUVER
i wish there was an avion points equivalent offer. not this useless westjet dollars crp
Sr. Member
Nov 12, 2012
577 posts
264 upvotes
Port Moody
It's tempting for me to get the net ~$200 Westjet dollars, but there's a LOT of work that goes into setting up pre-authorized payments. And you probably have to wait for ages to get your Westjet points. And then the massive hassle going into changing your pre-authorized payments and cancelling the account. It would be worth it if we could cancel after a couple of months.

But honestly, one should protest opening such an account in the first place! $15 a month in fees is insulting..........
Banned
Feb 5, 2018
50 posts
13 upvotes
I don't have an RBC WJ card but I was thinking I'd sign up, then sign up for Signature No Limit account via this generic link (wasn't targeted since again I'm not a WJ cardholder), get the AF fully waived via this promo and get the 350 WJ dollars
Thoughts?
Jr. Member
Dec 16, 2015
147 posts
152 upvotes
Sundre, AB
Ugh I'm on the fence about this. What are the actual benefits of being loyal to a bank for so long? I've been with TD for 16 years, but I don't know if it's even worth anything. They're all the same really anyways now so switching would be ok with me. Does bank loyalty mean anything these days?
Deal Addict
User avatar
Oct 4, 2008
1226 posts
230 upvotes
AlbertaSparky wrote: Ugh I'm on the fence about this. What are the actual benefits of being loyal to a bank for so long? I've been with TD for 16 years, but I don't know if it's even worth anything. They're all the same really anyways now so switching would be ok with me. Does bank loyalty mean anything these days?
I think no one should be loyal to ANY bank. I was with RBC since I landed in Canada, have accumulated 500+k points on Avion and had two mortgages with them. I asked them nicely to match HSBC promo offer and they told me to f. off.

Meanwhile, just last week I got $300 for opening Scotiaban checking account in October...I was going to open another since they had 20k Scene points, but I missed the deadline (feb. 28). I also got SB promo on their Am.Exp and went with TD promo. As far as I am concerned - no loyalty from me...if you treat me good and pay me goodies, I will stay - otherwise...see you later. Mofos (RBC)!
After that I will keep Avions Visa until I use all the points up and will be hopping from bank to bank when they have different promotions. I am so pissed at RBC I wish they go bankrupt.
Last edited by darkesha on Mar 4th, 2018 3:52 am, edited 1 time in total.
Deal Addict
Mar 12, 2006
2568 posts
772 upvotes
GTA
i hate how RBC has 1 app per service they offer. credit card? theres an app for that. banking? theres an app for that. want to pay for things? theres an app for that.
Deal Addict
User avatar
Jan 10, 2004
4068 posts
1402 upvotes
Edmonton
I got this the other day and was looking for how many months it had to stay open... I missed the 12 months thing, but then I did find the statement after the OP mentioned it.

Your Eligible Personal Banking Account must remain open and in good standing, and the Qualifying Criteria you performed to get the Bonus Offer (such as payroll/pension deposit or pre-authorized payment) must remain in effect for at least 365 days from the Qualify By Date.


I thought it might be an ok deal, but not if you need to keep it open for a year. Although, once you get the bonus dollars in a few weeks, what are they going to do if you close it and have spent the bonus.
Newbie
Nov 19, 2016
78 posts
63 upvotes
The fine print about needing to keep the account open for 365 days after the QUALIFY BY date means that you'll be on the hook for at least 2 extra months of account charges on top of the 12 months that make up the 365 days. For example, my wife received a letter saying she had to open an account by the end of April, and qualify by June 29th. So it works out to be 14 months of account fees ($209.30). Brings the gain down to $140.70. Still not a bad offer for some, but we'll pass this time.

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