Royal Bank partners with WestJet Airlines for first Canadian MasterCard

Royal Bank Canada`s largest lender by assets, Royal Bank teams up with WestJet Airlines Ltd., the country`s No. 2 airline, to offer its first Canadian MasterCard Inc. credit card. The travel rewards credit card will be issued this year.

This will be the first Canadian MasterCard offered by Royal Bank, which issues Visa Inc. credit cards.

Canadian lenders have been able to offer Visa and MasterCard cards after the country`s competition bureau changed the rules to allow financial-services firms to issue both credit cards in November. Canadian banks previously had to select one card, under restrictions that were unique to Canada.

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