Customers earn 2.5% of their eligible spending in WestJet Dollars, plus bonuses. It also offers WestJet Rewards program where the Members earn WestJet dollars on flights, vacation packages and more. You can keep tabs on expiry dates, as applicable, by visiting the Expiring WestJet dollars page in your WestJet Rewards account. Huge news in the Canadian aviation sector: WestJet has been acquired by a private equity firm in a friendly deal valued at over 5 billion dollars. Like many rewards programs, you do need a minimum amount of WestJet dollars … How To Earn WestJet Dollars. To request a transfer of WestJet dollars, please call us at 1-888-937-8538 and we’ll confirm the details and obtain your payment information. Lots of ways to earn WestJet dollars Get up to 450 WestJet dollars – 250 welcome WestJet dollars plus earn an additional 200 WestJet dollars when you spend $5,000 in the first 3 months. WestJet dollars cannot be applied against taxes, fees or charges and can only be used for new bookings. There is a minimum number of WestJet dollars you need to redeem. WestJet Airlines pays an annual dividend of C$0.56 per share and currently has a dividend yield of 1.81%. With the new tier structure, we’re making it simpler to understand how you’ll earn WestJet dollars. The WestJet reward program has three tiers: Teal, Silver, and Gold. RBC also offers two WestJet MasterCards that allow cardholders to earn WestJet Dollars on everyday purchases. This payout ratio is at a healthy, sustainable level, below 75%. Every purchase you make using your credit card will earn you 1% in WestJet dollars, or 1.5% with the WestJet RBC World MasterCard. Other restrictions may apply. The dividend payout ratio of WestJet Airlines is 30.48%. Higher tiers allow you to earn WestJet dollars at a faster rate. If you really need to redeem WestJet dollars outside of those promotion times you can convert your RBC Rewards Points but be aware you are losing some value. A base fare is the cost of your flight before taxes, fees and surcharges. You could use the RBC travel portal when you’re abroad and book points at 10,000 points = $100 in travel. Onex paid $31 per share for the company, a 67% premium to its market value at the time. The WestJet RBC World Elite Mastercard is a relatively straightforward card attached to a straightforward loyalty program. - There's an option to buy via Points.com at a cost of more than $1 per $1. In 2013, WestJet launched a new regional airline called WestJet Encore, bringing lower fares and high value to smaller communities in Canada. Author of the article: The Canadian Press. Every WestJet dollar is equal to 1 dollar and can be used towards the base fare portion of your WestJet flight or vacation package. The rewards are tiered, so the more you spend on travel, the higher the percentage you’ll get back in … Using them within Europe is also not a good value since you wouldn’t be able to use the fixed travel program. You can also earn WestJet dollars with car rentals, hotel stays, or by converting your RBC Rewards into WestJet dollars. The Value of WestJet Dollars Since 1 WestJet Dollar = 1 Canadian dollar, it’s easy to calculate your return when redeeming them. WestJet Vacations offers its services to more than 60 destinations and the choice of more than 800 hotels, resorts, condos and villas. For example, WestJet dollars are earned at a 1% rate on WestJet flights under the Teal tier, at a 3% rate under the Silver tier, and at a 5% rate under the Gold tier. You can earn points for flights by entering your WestJet ID every time you book a flight. And your earn rate will stay the same the whole time you are in that tier. In order to receive the additional 0.5% in WestJet dollars, WestJet or WestJet Vacations must appear as the merchant on your credit card statement. The transaction value is approximately $5 billion including assumed debt. In other words, WestJet’s parent company is worth just 24% more than WestJet… 2 % back in WestJet dollars per $1 spent on WestJet purchases; 1.5 % back in WestJet dollars per $1 spent on all other purchases; Annual Fee is $ 119; Eligibility Requirements. You can’t pay taxes and fees with your points. In the fiscal year of 2018, the Canadian airline held assets to the value of over 6.7 billion Canadian dollars. - I can book flights in your name with my WestJet dollars, discounted at 33% off of your online fair purchase price. WestJet dollars act as cash and can be redeemed in any amount, to anywhere WestJet flies, at any time. If WestJet doesn’t have a codeshare flight number or doesn’t sell the flight on their site, you won’t be able to use your WestJet dollars to redeem for it. Airline's shares up 62 per cent on the news. WestJet shares soared 62 per cent Monday to trade slightly below the $31-per-share offer price. For WestJet flights and vacation packages, we’re directly tying your earn rates to your tier status at time of flight date. This card has an annual fee of $119 (up from $99 in November 2017). WestJet Rewards is based on earning WestJet dollars, which you can receive every time you book flights with them or their partner airlines: Delta, KLM, Qantas, and Air France. WestJet is Canada’s second-largest airline and the main alternative to our flag-carrier Air Canada in most markets. Including debt, the company deployed over $5 billion in the transaction. Publishing date: May 13, 2019 • May 13, 2019 • 3 minute read. [kh: recommend adding e.g. For example, if you have 371 WestJet Dollars, you can wipe out $371 off the base fare of a WestJet flight or vacation package. The WestJet Rewards program is one of the most valuable airline programs in Canada. View WestJet Airlines' dividend history. (will do lower amounts if you don't need $1500 flight value) - If interested, call 403-890-7526 and we can coordinate the flight booking and purchase together. The first reward level starts at $1,500 in annual spending per person in base fares. In Part 1 of the Understanding WestJet Series, I talked about some of the features of WestJet and its reward tiers. The number-one-ranked WestJet RBC World Elite MasterCard allows cardholders to earn WestJet dollars for every purchase made. Thus 100 WS dollars costs $110 (maybe plus taxes, too, not sure). WestJet dollars can be used to pay for all or part of the published fare of a WestJet-marketed flight or a WestJet Vacations package. ... Members of the WestJet Rewards program earn WestJet dollars on flights, vacation packages and more. Canadian travelers are very divided on the issue of which airline is […] 1.5% back in WestJet dollars on everyday purchases 2% back in WestJet dollars on WestJet flights or WestJet Vacations packages using your card A minimum amount of 50 WestJet dollars must be redeemed at one time. This gives them a pretty good value, which makes the lower earn rate a bit more worth it. You are allowed to transfer WestJet dollars of any amount to another account holder for a fee of $50-$59 per transfer. That’s a stunning reduction in market value. It’s for people who travel on WestJet, and the card has some potentially compelling value. Main benefits. The WestJet Dollars frequent guest program is fairly straightforward. A - "Yes. You will need to either have a minimum personal income of $80,000 or a minimum household … Grocery and restaurant bonus campaign Terms and conditions *Get 2x earn rate on the WestJet dollars earn rate for every $1 spent (“Offer”) on all purchases at eligible grocery merchants in Canada and on spend at eligible restaurants in Canada, when using your WestJet RBC World Elite Mastercard or WestJet RBC Mastercard between June 30 – September 30, 2020 (“Offer Period”). WestJet | WestJet Rewards - What Is The Logic in Buying WestJet Dollars? Selling up to $1500 in WestJet dollars for $1000. Redeeming your WestJet dollars. The RBC Westjet Mastercard is not my favourite card in the market as it earns $1.50 Westjet Dollar / $100 spent (ie 1.5% return in the form of Westjet Dollars) and has an annual fee of $99. The additional 0.5% back in WestJet dollars is calculated separately and is in addition to the WestJet dollars you earn on everyday purchases, however it may not be accrued under certain circumstances. In other words, WestJet’s parent company is worth just 24% more than WestJet’s acquisition price last year. Answer: With the WestJet RBC MasterCard, earning WestJet dollars is simple. Since you can buy a ticket for part cash and part WS dollars, who would use that cash to … The statistic depicts WestJet's revenue between 2011 and 2019. Onex is buying WestJet in $5 billion deal — and taking it private. WestJet Rewards is a free loyalty program which allows you to earn WestJet dollars when you book qualifying flights, vacation packages, hotels, and car rentals through WestJet. Members of the WestJet Rewards program earn WestJet dollars on flights, vacation packages and more. In 2019, the Canadian airline reported revenue to the value of just over 3.8 billion U.S. dollars. The fee must be paid with a credit card at the time of transfer. Today, Onex is worth roughly $6.2 billion. Most WestJet dollars do not expire, however, there are certain circumstances, such as when WestJet dollars are issued through promotions, compensation, or limited-time promotional offers when they will expire. 50 WestJet dollars after your 1st purchase: Up to 30,000 rewards points as a welcome bonus in the 1st year: Earn 3,000 bonus Air Miles in the first 3 months: Up to 10,000 bonus points: Rewards * Earn 1.5% in WestJet dollars when you buy WestJet flights or WestJet vacations * Earn 1% in WestJet dollars for every other $1 spent What I didn’t go over in detail is how to quickly earn WestJet Dollars (WSD) so that will be the focus of this post. Alternatively, you could convert your points to WestJet dollars at a 1:1 ratio. 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