Nice breakdown! I think the RBC offering is better for most because the $99 takes a long time to claw back and with the RBC you get the 20% bonus Petro. I wonder what amount of spending you need to make the 99$ worth itdjino wrote: ↑ You should ignore the fuel savings card because that can be used with any method of payment, so its not relevant to your comparison.
Average Gas price for your area right now (Gloucester) is 117.9 / litre.
4% Cashback = 4.72 c cashback per litre as is what you would receive by paying with your CIBC. Note that you are also paying a $99 annual fee for the CIBC Dividend Infinite Visa
RBC Rewards+ Visa (1% back in RBC Rewards points no annual fee). This translates into a 3c / litre Instant savings + 1.18c / litre savings in RBC Rewards Points (=4.18c / litre total + 20% more Petro Points - with no credit card annual fee)
djino
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
Tags:
- SCORE+7
- P0rkchop
- Deal Addict
- Jul 20, 2009
- 1116 posts
- 450 upvotes
- Toronto
- 2017PD
- Newbie
- Oct 17, 2017
- 8 posts
- 1 upvote
The 20% partner bonuses do stack. I have my CAA and HBC linked and get 40%.
- snailium
- Sr. Member
- Jan 15, 2010
- 554 posts
- 371 upvotes
Very badly designed website.
It kept telling me my petro points number is invalid, even though I directly copied the number from petro points account page.
Now it no longer allows me to input petro points, instead, it asks me to go petro point website to confirm the number.
I did, and I got forward back to RBC website, which asks me go back to petro point again to confirm the number.
So it bounces me between two websites for nothing.
EDIT: It works on PC with Firefox, but not on Android with Chrome.
It kept telling me my petro points number is invalid, even though I directly copied the number from petro points account page.
Now it no longer allows me to input petro points, instead, it asks me to go petro point website to confirm the number.
I did, and I got forward back to RBC website, which asks me go back to petro point again to confirm the number.
So it bounces me between two websites for nothing.
EDIT: It works on PC with Firefox, but not on Android with Chrome.
- ml88888888
- Deal Guru
- Jan 19, 2017
- 10058 posts
- 6149 upvotes
- angel_wing0
- Moderator
- Mar 23, 2004
- 47726 posts
- 13898 upvotes
- Markham
Good breakdown, but I think i will stick with my TD Infinite CB FYF @ 3% for now as I dont use RBC rewards points at all.djino wrote: ↑ You should ignore the fuel savings card because that can be used with any method of payment, so its not relevant to your comparison.
Average Gas price for your area right now (Gloucester) is 117.9 / litre.
4% Cashback = 4.72 c cashback per litre as is what you would receive by paying with your CIBC. Note that you are also paying a $99 annual fee for the CIBC Dividend Infinite Visa
RBC Rewards+ Visa (1% back in RBC Rewards points no annual fee). This translates into a 3c / litre Instant savings + 1.18c / litre savings in RBC Rewards Points (=4.18c / litre total + 20% more Petro Points - with no credit card annual fee)
djino
- P0rkchop
- Deal Addict
- Jul 20, 2009
- 1116 posts
- 450 upvotes
- Toronto
IMO this thread is in the wrong the location. There is no cobranded card and this works with any credit or debit card so should be moved to the ongoing deal discussion.
- pardesi_bhai
- Member
- Mar 2, 2011
- 458 posts
- 95 upvotes
- Gloucester
Thanks for the breakdown djino but I dont pay the $99 annual fee, it was waived off for me so at the end of the day, it looks like theres barely any difference on which way i go, 4.72 cashback vs 4.18 savings plus 20% more petro points so basically the extra .54 cents i save with cibc, is it at the end of the day worth the 20% additional petro points? lol meh dont see one jump out as the card to go withdjino wrote: ↑ You should ignore the fuel savings card because that can be used with any method of payment, so its not relevant to your comparison.
Average Gas price for your area right now (Gloucester) is 117.9 / litre.
4% Cashback = 4.72 c cashback per litre as is what you would receive by paying with your CIBC. Note that you are also paying a $99 annual fee for the CIBC Dividend Infinite Visa
RBC Rewards+ Visa (1% back in RBC Rewards points no annual fee). This translates into a 3c / litre Instant savings + 1.18c / litre savings in RBC Rewards Points (=4.18c / litre total + 20% more Petro Points - with no credit card annual fee)
djino
- SquadG
- Deal Addict
- Oct 2, 2013
- 3158 posts
- 3525 upvotes
- Montreal
- djino
- Deal Expert
- Feb 24, 2008
- 15587 posts
- 7027 upvotes
- Gatineau
Note that the 54 cent difference is only when gas prices are at 117.9 / litre. The cheaper the gas price is, the smaller the savings difference is between these two Credit cards. As soon as you hit $1 / litre, the amount you receive is the same. And if gas prices are under $1, then it favours the RBC card over your CIBC card.pardesi_bhai wrote: ↑ Thanks for the breakdown djino but I dont pay the $99 annual fee, it was waived off for me so at the end of the day, it looks like theres barely any difference on which way i go, 4.72 cashback vs 4.18 savings plus 20% more petro points so basically the extra .54 cents i save with cibc, is it at the end of the day worth the 20% additional petro points? lol meh dont see one jump out as the card to go with
djino
Last edited by djino on Oct 31st, 2017 4:31 pm, edited 1 time in total.
- pardesi_bhai
- Member
- Mar 2, 2011
- 458 posts
- 95 upvotes
- Gloucester
agreed, thanks for the breakdowndjino wrote: ↑ Note that the 54 cent difference is only when gas prices are at 117.9 / litre. The cheaper the gas price is, thesmaller the savings difference is. As soon as you hit $1 / litre, the amount you receive is the same. And if gas prices are under $1, then it favours the RBC card over your CIBC card.
djino
- mech9t5
- Deal Fanatic
- Dec 16, 2005
- 6907 posts
- 5592 upvotes
So I could use RBC westjet card?
Get 3c off and 1.5% westjet dollars...
Was only using westjet card for companion ticket but this makes the $99 annual fee even better
Get 3c off and 1.5% westjet dollars...
Was only using westjet card for companion ticket but this makes the $99 annual fee even better
- wra45mon
- Deal Addict
- Oct 22, 2015
- 1678 posts
- 585 upvotes
- stockboy88
- Jr. Member
- Jun 25, 2012
- 123 posts
- 47 upvotes
- Vancouver
Well a big part of it is also if you value the cashback or RBC rewards points? If you can't accumulate enough RBC rewards points for a redemption there's not much value there!pardesi_bhai wrote: ↑ Thanks for the breakdown djino but I dont pay the $99 annual fee, it was waived off for me so at the end of the day, it looks like theres barely any difference on which way i go, 4.72 cashback vs 4.18 savings plus 20% more petro points so basically the extra .54 cents i save with cibc, is it at the end of the day worth the 20% additional petro points? lol meh dont see one jump out as the card to go with
- jeff1970
- Deal Addict
- Mar 9, 2012
- 4104 posts
- 2980 upvotes
- Kitchener
Nice, I already got a 5¢ discount card, plus 3¢ with my RBC Visa with this link and at typically 30 litres per week, so $2.40 is money in my pocket.
Why can't we all just get along?
- Guest207348444
- Banned
- Mar 9, 2012
- 815 posts
- 430 upvotes
- Drummondville, QC
Can someone explain how much the Fuel Savings reward cost? Thank you
Current credit card set up:
CIBC Dividend Visa Infinite: 4% groceries, 4% gas, 2% transit, 2% restaurants, 2% recurring bills
Tangerine MC World: 2% drugstore, 2% home improvement, 2% hotel-motel
CIBC Dividend Visa Infinite: 4% groceries, 4% gas, 2% transit, 2% restaurants, 2% recurring bills
Tangerine MC World: 2% drugstore, 2% home improvement, 2% hotel-motel
- nmclean
- Deal Addict
- Nov 25, 2014
- 1739 posts
- 960 upvotes
- Newton Brook, ON
I wonder if that's true or it's just a 40% cap. Does anyone have only More Rewards linked to confirm they get 0%? I vaguely remember them even advertising the bonus back when the partner was added.ml88888888 wrote: ↑ I link all 3 cards More Rewards®, CAA Ontario, BCAA or Hudson’s Bay Rewards™ card and I only get 40% more. I called Petro Can and they said you don't get the 20% bonus for More Rewards card.
I went back to the page I quoted yesterday, and it was actually just changed... from:
"Earn 20% more points when you register your More Rewards®, CAA Ontario, BCAA or Hudson’s Bay Rewards™ card."
To:
"Earn more points when you register your More Rewards®, CAA Ontario, BCAA or Hudson’s Bay Rewards™ card."
You need someone with an umbrella not a fork
- nmclean
- Deal Addict
- Nov 25, 2014
- 1739 posts
- 960 upvotes
- Newton Brook, ON
That isn't counting the extra 20% in RBC rewards. The break-even point between RBC and CIBC (or any 4% card) is $1.05/L. Including the 20% bonus Petro-Points, break-even becomes $1.13/L. Full breakdown in this post.djino wrote: ↑ Note that the 54 cent difference is only when gas prices are at 117.9 / litre. The cheaper the gas price is, the smaller the savings difference is between these two Credit cards. As soon as you hit $1 / litre, the amount you receive is the same. And if gas prices are under $1, then it favours the RBC card over your CIBC card.
djino
Basically you're going to have to spend about $2100 on gas to get the value out of RBC ($25 gift card every 2500 points). The first year will be easier because you can easily get 1500 to 3500 bonus points up front (link). The extra 20% of Petro-Points is basically as good as cash because it's adding to your existing pool and minimum redemption is only 1000 points ($1).stockboy88 wrote: ↑ Well a big part of it is also if you value the cashback or RBC rewards points? If you can't accumulate enough RBC rewards points for a redemption there's not much value there!
You need someone with an umbrella not a fork
- setell
- Deal Fanatic
- Sep 13, 2005
- 6905 posts
- 417 upvotes
- Ottawa
The good thing with the CIBC card that a lot of us got that's $0 annual fee during the switch is we're getting 4% on gas ANYWHERE and not restricted to Petro Can. I really like the flexibility I have now.djino wrote: ↑ Note that the 54 cent difference is only when gas prices are at 117.9 / litre. The cheaper the gas price is, the smaller the savings difference is between these two Credit cards. As soon as you hit $1 / litre, the amount you receive is the same. And if gas prices are under $1, then it favours the RBC card over your CIBC card.
djino
- djino
- Deal Expert
- Feb 24, 2008
- 15587 posts
- 7027 upvotes
- Gatineau
This is true. I totally skipped over the fact that you also get an extra 20% in RBC Rewards Points in addition to the extra 20% in Petro Points.
djino
- Webhead
- Deal Fanatic
- Sep 7, 2004
- 9135 posts
- 7092 upvotes
- West GTEH!
Bit the bullet and applied for the RBC Cash Back MC. Best of the worst for me. I prefer cashback cc.
I don't travel a lot and the Rewards card didn't interest me.
I don't travel a lot and the Rewards card didn't interest me.
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