Quick Answer: What Can I Use My RBC Reward Points For?

What can RBC points be used for?

RBC Rewards points can be redeemed for travel, merchandise, gift cards, financial rewards and more.

Airline rewards like WestJet Dollars, Avios or Asia Miles can be redeemed directly with the airline loyalty program affiliated with your card.

Cash back rewards are credited to your statement as a cash back credit..

How do I redeem my RBC Rewards points?

Make sure you’ve downloaded the RBC Wallet app and sign in with your credentials. Choose an RBC Rewards credit card and tap to complete your mobile purchase transaction in store. Select the points amount you’d like to use towards the purchase on the transaction completed page and select Use Points to redeem.

How much is 20000 points worth?

If you just have the Freedom card, those 20,000 points are worth $200 in cash back, so you’re getting a 40% return on that first $500 of spending.

How many RBC points do you get per dollar?

Earn 1 RBC Rewards point for every $1 you spend on qualifying purchases3, plus earn bonus points4 through purchases at selected retailers using your RBC Rewards credit card. Redeem your points for gift cards, merchandise, travel rewards, and RBC Financial Rewards vouchers. Rewards start as low as 2,500 points!

What is the highest paying cashback card?

Best Cash Back Credit Cards of January 2021Chase Freedom Flex℠: Best feature: Wide range of cash back rewards.Chase Sapphire Preferred® Card: Best feature: Travel rewards.Chase Freedom Unlimited®: Best feature: Flexible cash back rewards.Discover it® Cash Back: Best feature: Cash back on everyday purchases.More items…

Which bank has best rewards program?

Which banks offer the best deals and rewards programs?Chase Bank. Chase offers a pretty flashy deal of up to $350 in coupons for opening accounts with them, but very specific conditions apply. … Santander. … Bank of America. … TD Bank. … Citibank.

Which banks offer rewards?

NerdWallet’s Best Rewards Checking AccountsRadius Bank Rewards Checking: Best for Cash-Back Rewards.Chase Total Checking®: Best for Sign-Up Bonus.Axos Bank® Rewards Checking: Best for Interest Checking Rate for Banks.Consumers Credit Union Free Rewards Checking: Best for Interest Checking Rate for Credit Unions.More items…•

What can I get with 10000 RBC points?

American Airlines: 10,000 RBC points = 7,000 AAdvantage miles. Asia Miles: 10,000 RBC Points = 10,000 Asia Miles. British Airways: 10,000 RBC points = 10,000 Avios miles.

Do RBC reward points expire?

All RBC Rewards points have a three-year term and will expire at the end of the three years based on first-in, first-out (FIFO) principles. Points will be cleared from your account on the last day of the month in which the points expire. For example, points earned on July 5, 2015 will expire on July 31, 2018.

Is it better to redeem points for cash or gift cards?

Generally, if you have a cash rewards or fixed value credit card, gift cards and statement credits will almost always be the best (and only) way to redeem your points. When you own a flexible rewards card, your points can be more valuable by transferring them out a loyalty program.

Can reward points be converted to cash?

Few credit card providers allow their cardholders to convert their reward points into cash. Depending on the type of card you hold, you can use your reward points to pay your annual fee. … Credit card providers have a catalogue where cardholders can redeem their reward points to buy select products.

How do I calculate my reward points for cash?

The simplest way to calculate the value of your credit card points is to divide the dollar value of the reward by the number of points required to redeem it. For example, if it takes 50,000 points to get a $650 airplane ticket, your points are worth about 1.3 cents each.

Which credit card gives the most reward points?

The best credit card for initial bonus rewards is the Chase Sapphire Preferred® Card because it gives 60,000 points to new cardholders who spend $4,000 within 3 months of opening an account.

What are RBC points worth?

The Value of an RBC Reward PointDollar value of 1 pointFlexibility of pointsCan points cover taxes and fees?$0.0114StrongYes

How many RBC points do you need for a flight?

Business class air travel can be redeemed at the rate of 100 RBC Rewards points for $1 CAD. For more information and to redeem for flights, visit www.rbcrewards.com/travel.

How much are rewards points worth?

Each Chase Ultimate Rewards® point is generally worth 1 to 1.5 cents, depending on which cards you have and what you buy with the points. Points may be worth even more if you transfer them to one of Chase’s travel partner programs. (More on that below.)

How are RBC Reward points calculated?

RBC Avion Rewards Points are worth up to 2.33 cents each while RBC Rewards Points earned with non-Avion credit cards are worth 1 cent each.