Royal Bank of Canada Mastercard® Credit Cards for December 2024 in Canada

WestJet RBC World Elite Mastercard. Earn up to 450 WestJet dollars when you spend $5,000 in the first 3 months, along with an annual round-trip companion voucher for any WestJet destination. Additionally, everyday purchases can contribute towards reaching higher WestJet Rewards status. Annual Fee: $119. This card requires a minimum personal income of $80,000 or a minimum household income of $150,000.

RBC Cash Back Preferred World Elite Mastercard. Enjoy premium cash back benefits with unlimited cash back on all spending and stay connected with a complimentary Boingo Wi-Fi account. Annual Fee: $99. This card requires a minimum personal income of $80,000 or a minimum household income of $150,000.

RBC Cash Back Mastercard. Benefit from unlimited cashback rewards with up to 2% back on groceries, along with purchase security and extended warranty protection. No annual fee.

WestJet RBC Mastercard. Earn up to 100 WestJet dollars with a $1,000 spend in the first 3 months, and receive an annual round-trip companion voucher for $199 for travel within Canada and to/from the continental U.S. Annual Fee: $39.

RBC Business Cash Back Mastercard. Earn 2% cash back on all purchases for the first three months and 1% cash back thereafter, with no annual fee. This card is designed for businesses looking to maximize cash back rewards.

Understand Your Spending Patterns. Start by analyzing your monthly expenses to determine your spending habits. RBC's website offers tools to compare the rewards and benefits of different Mastercard options, helping you find the one that matches your spending style.

Consider Your Reward Preferences. Explore the various rewards programs provided by RBC Mastercard cards, such as travel rewards, cash back, or points-based systems. Assess which rewards align best with your lifestyle and preferences.

Evaluate Annual Fees and Interest Rates. Compare the annual fees and interest rates of each Mastercard to ensure they are in line with your budget and financial goals. This comparison allows you to make an informed decision about which card offers the most value for your needs.

Review Welcome Bonuses and Promotions. Take advantage of any welcome bonuses or promotional offers available with different RBC Mastercards. Look for cards that provide attractive introductory rewards to maximize your benefits.

Examine Additional Card Benefits. Look into the additional benefits offered by each Mastercard, such as insurance coverage, purchase protection, and travel perks. Choose a card that offers extras that are valuable to you and your lifestyle.

Check for Partner Collaborations. Investigate any partnerships or collaborations associated with RBC Mastercards, such as exclusive discounts or rewards with partner retailers or airlines. Opt for cards that offer additional perks aligned with your interests.

Assess Redemption Flexibility. Evaluate the redemption options available with each Mastercard. Seek out cards that provide flexibility in how you can redeem your rewards, such as booking travel, getting statement credits, or accessing unique experiences.

Utilize the "Compare Credit Cards" Tool. Take advantage of RBC's comparison tool to assess up to three Mastercards side by side. This comprehensive comparison enables you to weigh features, rewards, fees, and benefits to make a well-rounded decision.

Read Reviews and Compare Options. After narrowing down your choices, read customer reviews and further compare the remaining options. This step helps ensure you're selecting the best Mastercard for your needs based on real user experiences and detailed comparisons.

Seek Advice from an RBC Advisor. If you need personalized assistance, consider scheduling a consultation with an RBC advisor. They can provide expert guidance tailored to your financial situation and help you choose the most suitable RBC Mastercard.

Minimum Age. Applicants generally need to be at least 18 years old to apply for a credit card in many countries, including the United States and Canada. However, some cards may have a higher minimum age requirement, such as 21 years old.

Residency Status. You usually need to be a resident of the country where you're applying for the credit card. Proof of residency, such as a utility bill or lease agreement, may be required during the application process.

Income. Credit card issuers often set minimum income requirements to ensure applicants have the financial means to repay their credit card debt. The specific income threshold varies depending on the card and issuer.

Credit History. Your credit history is a crucial factor in determining eligibility. Issuers assess your creditworthiness by reviewing your credit report, considering factors like payment history, credit utilization, length of credit history, and any negative marks.

Credit Score. A higher credit score enhances your chances of approval and may qualify you for better terms and rewards. Each issuer may have different score requirements, but generally, a higher credit score indicates greater creditworthiness.

Debt-to-Income Ratio. Issuers may evaluate your debt-to-income ratio, comparing your monthly debt payments to your gross monthly income. A lower ratio suggests you have more disposable income to manage additional debt, making you a lower risk to lenders.

Employment Status. While not always mandatory, stable employment or a regular income source can boost your approval odds. Some issuers may request details about your employment status and income during the application process.

Legal Capacity. You must have the legal capacity to enter into a contract, meaning you cannot be under guardianship or have legal restrictions preventing you from taking on debt. This ensures you can be held accountable for the credit card agreement.

If you have a limited credit history or no credit history at all, RBC may consider you a higher risk and could deny your application.

A low credit score, indicating a history of missed payments or high credit utilization, may lead to a denial of your application.

If your monthly debt obligations are too high concerning your income, RBC may worry about your ability to manage additional debt and could deny your application.

Recent negative events such as bankruptcy or foreclosure on your credit report may result in a denial of your application as they suggest financial instability.

Applying for multiple credit cards or loans within a short period can raise concerns about your financial stability and may lead to a denial.

If your income does not meet RBC's minimum requirements for the card you're applying for, your application may be denied.

Providing incorrect or incomplete information on your application form could lead to a denial, as RBC needs accurate information to assess your eligibility.

Legal issues such as being under guardianship or having restrictions that prevent you from entering into contracts may result in a denial of your application.

If you have a history of frequent job changes or unemployment, RBC may view you as a higher risk and could deny your application.

If you have a history of defaulting on credit card payments or other obligations with RBC, they may be hesitant to extend you further credit and could deny your application.

Log in to your RBC Online Banking account and navigate to the section dedicated to managing your credit card. From there, you can easily initiate a payment directly from your bank account to your RBC Mastercard.

If you prefer managing your finances on your smartphone, use the RBC Mobile app to make a payment towards your RBC Mastercard. Simply access your credit card account within the app and follow the prompts to complete the payment process.

Take advantage of automated payment options offered through RBC Online Banking or the RBC Mobile app. Set up recurring payments to ensure your RBC Mastercard payment is made on time each month, providing convenience and peace of mind.

Call the RBC customer service number and follow the prompts to make a payment towards your RBC Mastercard over the phone. You may need to provide your card details and banking information to complete the payment securely.

If you prefer traditional methods, mail a cheque or money order along with your payment stub to the address provided on your RBC Mastercard statement. Be sure to allow ample time for the payment to reach RBC and be processed before the due date.

Visit your nearest RBC branch and speak with a representative at the banking counter. You can make a payment towards your RBC Mastercard using cash, cheque, or debit card. Remember to bring your RBC Mastercard or account details for reference.

Certain RBC ATMs allow you to make credit card payments directly at the machine. Insert your RBC Mastercard and follow the on-screen instructions to initiate a payment transaction securely and conveniently.