RBC Free Gift Card & Rebate - not as good as you think! | General comparisons | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
RBC Free Gift Card & Rebate - not as good as you think!
August 16, 2007
6:21 pm
Leah
Guest
Guests

I recently received a promotional pamphlet in the mail from RBC. It stated that if you switch to a "RBC Signature No Limit Banking" account before August 31, 2007, you will receive a $150 gift card to HBC, Future Shop or Esso. It definitely caught my attention, but I soon realized that the account costs $12 per month. So really, you're only get a $30 bonus in one year, and then you're stuck with monthly service charges. http://www.rbcroyalbank.com/giftcard

I neat feature I did notice is that they have a multi-product rebate which decreases your monthly service charges if you hold more than one of their products. Again, I was interested, but soon realized it isn't such a great deal. One of the "products" you need is a mortgage or a RBC Homeline Plan...all of which are not simple things to obtain like a Visa or investment account.

August 18, 2007
7:46 pm
Peter
Admin
Forum Posts: 1398
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline

I find a lot of the summer promotions right now very misleading. I just saw the ad for the HSBC Direct 5.0% account... which you then realize lasts only until October 10th, at which time it will drop to a sub-4.0% rate.

August 15, 2008
3:56 pm
Disgruntled
Guest
Guests

That MultiProduct Rebate is definitely not all it is cracked up to be. I have enough "products" as they call them, but they won't give me the rebate because my mortgage is joint but my wife and I maintain separate chequeing accounts. If we change to a single joint chequeing account they will do it, but we don't want to do that. So we are prevented from getting a loyalty reward by having too many accounts! This on top of being forced to change to the $11/month account when our old account type was no longer supported = no more RBC for me.

Please write your comments in the forum.