Credit Cards

Brim Mastercard - No-Fee Foreign Exchange Card!

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  • Jan 20th, 2021 10:53 am
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Apr 9, 2006
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Brim Mastercard - No-Fee Foreign Exchange Card!

So came across this new offering from a pretty much unknown new company. Brim Financial is offering a new Mastercard. Looks like a pretty interesting offering.

Comes in 3 different flavors, basic. world. and world elite.

The most interesting one is likely the basic card, which earn 1pt per dollar spent (haven't done the math but I presume this averages out to 1% return).
Most importantly it comes with 0% Foreign Exchange which I'm sure a lot of us are looking for now that Chase is exiting both the Amazon and Marriott card offerings.

Also of note, it includes a Boingo Global membership. How useful this is completely dependent on your personal situation but from my preliminary research it could come in handy in a pinch at some airports that charge for Wi-Fi. I have heard that boingo does get you free in-flight wi-fi on certain flights as well. Anyone that has more experience with Boingo please chime in.

Site:
https://brimfinancial.com/

Honestly look completely brand new. Even their APP is "Coming soon". Very interesting development, I am so glad to see new players trying to fill the large void.

EDIT : Users are now reporting that the company is in "pre launch" for this card and that they are accepting applications but will not start actually approving and sending cards to customers until March 2018.

EDIT: Mar/15/2018 - Some users are reporting that Brim has contacted them via phone to start processing their applications. Party is just about to start!

More details to come.
Last edited by TeriyakiJack on Feb 6th, 2018 2:42 am, edited 2 times in total.
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Thread Summary
"People please remember - it's just a credit card. Keep the personal attacks, accusations of trolling, and other such bad behavior off this site.

Criticizing a company is fair game. So are those posts detailing their positive experiences. There is absolutely no need to insult each other. If you can't discuss the product with civility I strongly suggest you use the ignore button, or better still just move on. there is nothing to be won by throwing out insults." - MrDisco

If you are a Mint.com user, and also a Brim cardholder, would you please request Brim Financial as an account?


--- 10May18 ---
A somewhat newer Terms and Conditions PDF with both Toronto and 1-800 numbers: Brim Rewards Terms and Conditions: "The Primary Cardmember may call Brim at 1-866-305-2746 (BRIM) Canada and USA or 647-251-2746 (BRIM) (collect) elsewhere..." Press 1 for Anglais, then 0 for a human, etc.
--- end 10May18 ---

Cardholder Terms and Conditions

As of March 24, for those who applied during early February, applications are being processed manually.

Launch Date: TBA.
866-305-2746

--June 25 2018--

Still nobody has cards after credit checks as long as three months ago, and applications submitted as long as five months ago. Brim has not communicated directly with any applicants about the status of their applications other than to request very intrusive identity verifications sometimes involving doctors and lawyers. Nobody knows when, or even if, cards will be coming.

-- June 27 2018 --

Globe&Mail story that Brim is officially launching in Canada: https://www.theglobeandmail.com/busines ... big-banks/

-- late June 2018 --

Magically the AF for the WE version jumped from $129 to $199. This card is waste and there are better options available.

-- July 5th 2018 --

BRIM announces it is sending out cards in batches based on approval dates, the first one being "tomorrow". BRIM is sending notices on Friday July 6th to all applicants approved on or before February 1st, 2018.

ATM foreign cash
LMM552 wrote: Anyone has used the card to withdraw cash from ATM in other countries? From what I understand it's withdrawn at brims rate with a fixed 5$ fee (plus possibly whatever the ATM may charge, where to go to avoid this?). Is it also possible to load up the card ahead to avoid paying interest? I've heard of stack but it seems like an hassle and it's not available in QC.
TIPIT wrote: I used it many times in Philippines and Indonesia, from February to April. You are correct, the only charge from Brim is 5$. And yes you can load money into it first to avoid the interest charges.

Whether the foreign ATM is charging you extra depends of the country and the ATM itself. Where are going exactly? Some countries like Thailand, you can go in banks to withdraw a bigger amount (so you get only the 5$ once), but carry large amount of money. Philippines have a 250PHP fee for all ATM (I think it's a country-wide regulation), some countries have different fees for different ATMs...
List of airlines that work with Boingo wifi: Aer Lingus, Aero Mexico, Air Europa, Air France, Air Serbia, Air Seychelles, Alitalia, American Airlines, ANA, British Airways, Cathay Pacific, China Airlines, Etihad Airways, Eurowings, EVA Air, Finnair, Garuda Indonesia, Iberia, Kenya Airways, KLM, Lufthansa, Maindo Air, Qatar Airways, Scoot, Singapore Airlines, Virgin Atlantic, WestJet
May not be available on all aircraft/flights

Boingo on Westjet
bizee-bee wrote: FWIW, here's a continuation/follow-up to discussion we had earlier related to Boingo connectivity in the skies: http://forums.redflagdeals.com/viewtopic.php?p=30937521

Here are some screenshots of a WestJet flight with successful Boingo WiFi access.
Image

1) wait till WestJet WiFi is available, then open the WestJet mobile app and click at the bottom right "Connect" icon to get to the Internet launch page. Click the Purchase Now button.
2) This launches a web browser into inflight.pacwisp.net, and shows options for purchasing Internet. Scroll down this page till you see the Boingo option
3) click on the Sign in button under the Boingo logo
4) At the Boingo login, key in your username and password and Sign In.
5) Hopefully you see the "You're connected." page. Browse the internet at 39,000'

As @[dnyc] had mentioned previously, if you want someone else to share your Boingo access on the same flight, then you'll need to disconnect from your device first. Go back to WestJet connectivity page, till you see screen 5, and then click on the upper right hamburger icon. At screen 6, choose the Sign out option and your mate can repeat the steps to get Boingo access to WestJet internet.

As @[Dave510] has mentioned in prior posts, you can also replace step 1's WestJet mobile app method, and connect to WestJet Wifi on your own in the Settings' WiFi page, then open a browser and visit westjetconnect.com and then see the option to "Go Online" at the WestJet Home page. It will have a different look but just like the WestJet mobile app method, you'll get redirected to the inflight.pacwisp.net page, and then the steps are basically the same from step 2 onwards.
Register for Boingo Access
Have your credit card number ready and go to:
http://brim.boingo.com
8817 replies
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Jan 16, 2007
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Poking around they do seem legit - but the rewards for the World and World Elite have limits. Once $25k is spent the reward changes to 1%. What offsets this a bit is the recurring transactions bonus, you get double on those. That's counted separately it looks like. They are also only available in a subset of provinces (Alberta, Manitoba, British Columbia, Ontario, Quebec). If they were available here in New Brunswick I'd probably give them a try, I think they'd be the best card for me.
🏦 Banking: Alterna Bank (1.2%, No fees), Motive Financial (1.55%, No fees)
📈 Investing: Scotia iTRADE (XGRO, No fee for buy/sell)
💳 Spending: American Express SimplyCash Preferred (2% cashback), Brim World Mastercard (1.5%, forex spending, rest)
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Dec 16, 2017
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CND Brain & Hear…
this seems not too bad for a frequent traveller tho. I unfortunately just got 4 different card to replace amazon.ca visa.
Give me a J. I'm a maniac and an African expert.
Jr. Member
Dec 15, 2014
168 posts
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Brossard, QC
Very interesting card. No annual fee no forex 1% reward + boingo. I might consider getting one.
Deal Fanatic
Dec 16, 2005
5395 posts
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I prefer this one over fido/rogers

At least so far...

Points seem to be redeemed at 100 pts per $1 and sounds like not a yearly thing. Redeem at stores or for cash.

2pt per $ on PAP. And some 5x multiplier on loyalty (not sure how this works)

Benefits seem better as well, Boingo, mobile insurance, purchase protection, extended warranty

0% forex vs 2.5% with rebate is better imo even though you might earn 0.5% more in rewards.

Edit: after reading some more

- points redemption is 100pts minimum ($1) using the website. This sound fantastic.
- world elite card is $25,000 limit for 2pts per $ and 4pts per $ recurring payment
Deal Addict
Oct 4, 2009
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Montreal
The World Elite looks like an HSBC Premier competitor. Remains to be seen what the Lounge Key benefit includes and what they charge for foreign cash advances.

Feels weird seeing a card that isn’t available in all provinces yet somehow includes Quebec.Smiling Face With Open Mouth
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Jan 16, 2007
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S5 wrote: The World Elite looks like an HSBC Premier competitor. Remains to be seen what the Lounge Key benefit includes and what they charge for foreign cash advances.

Feels weird seeing a card that isn’t available in all provinces yet somehow includes Quebec.Smiling Face With Open Mouth
Yes.. it's... frustrating. :P
🏦 Banking: Alterna Bank (1.2%, No fees), Motive Financial (1.55%, No fees)
📈 Investing: Scotia iTRADE (XGRO, No fee for buy/sell)
💳 Spending: American Express SimplyCash Preferred (2% cashback), Brim World Mastercard (1.5%, forex spending, rest)
Member
Jan 14, 2017
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S5 wrote: The World Elite looks like an HSBC Premier competitor. Remains to be seen what the Lounge Key benefit includes and what they charge for foreign cash advances.

Feels weird seeing a card that isn’t available in all provinces yet somehow includes Quebec.Smiling Face With Open Mouth
Agreed, the Lounge Key is a deal breaker. No bad card at all.
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Jan 16, 2007
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S5 wrote: The World Elite looks like an HSBC Premier competitor. Remains to be seen what the Lounge Key benefit includes and what they charge for foreign cash advances.

Feels weird seeing a card that isn’t available in all provinces yet somehow includes Quebec.Smiling Face With Open Mouth
The cash advance fee is $3.50 in Canada, and $5 out of Canada. The disclosure statement is in the Legal section.
🏦 Banking: Alterna Bank (1.2%, No fees), Motive Financial (1.55%, No fees)
📈 Investing: Scotia iTRADE (XGRO, No fee for buy/sell)
💳 Spending: American Express SimplyCash Preferred (2% cashback), Brim World Mastercard (1.5%, forex spending, rest)
Sr. Member
Aug 15, 2013
823 posts
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Guelph
Never heard of this company. They dont even have an About section on their site. Anyone has any experience of dealing with them before?
Sr. Member
Feb 1, 2018
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Montréal
Sounds good in theory, but I'd like to see a bit more practical history from them before I start entrusting them with anything financial.
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GTEH!
Interesting. Never heard of Brim Financial. Have to get more info.
😎
Deal Fanatic
Dec 16, 2005
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$5 flat for cash advance is pretty good.

Kreditshare incorporated in 2015 and then they did a name change to Brim in Sept 2017.
I couldn't find any evidence of an actual business prior to Brim launching. I think Kreditshare was their initial idea and it too about 2 years to get off the ground.
Deal Addict
Jan 10, 2017
1263 posts
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GTA
http://whois.domaintools.com/brimfinancial.com
https://www.facebook.com/pg/brimfinancial/reviews/
https://twitter.com/brimfinancial?lang=en
https://twitter.com/search?q=brimfinanc ... en&lang=en

OSINT.
Things I took notice, not an active marketer for newcomers in a company that opened in 2015, with social activities starting in November 2017.
Already the CEO pushed for a charity with their low reputation.
They have no marketing team/person, and don't have any reviews or mentions on reddit with someone happy with them. There was two twitter accounts that tweeted the same tweet of refer friend code 123456 (Link).

Other instances of user mentions are questions toward the service are left unanswered except for Connor, which may be the only valid applicant to the service.

Ignore above user: he has not applied and is facing identity theft from previous history not related to Brim.
Brim Financial has no other namespace among Canadian credit card listings such as ratesupermarket, etc or with any other sites ie. Reddit.
Deal Addict
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Jan 16, 2007
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I'm Joshua C. Colp *waves*. The tweet was both to show interest in them becoming available here and also a test to see if they'd respond. I can't actually apply disregarding the identity theft.
🏦 Banking: Alterna Bank (1.2%, No fees), Motive Financial (1.55%, No fees)
📈 Investing: Scotia iTRADE (XGRO, No fee for buy/sell)
💳 Spending: American Express SimplyCash Preferred (2% cashback), Brim World Mastercard (1.5%, forex spending, rest)
Sr. Member
Feb 1, 2018
959 posts
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Montréal
Good sleuthing. A friendly reminder that anyone can throw up a microsite claiming anything they want. Before you hand over your personal information, address, Social Insurance Number, and financial history, definitely do your due diligence.

If this turns out to be legit, I will definitely look into getting one. But until then, I'm reminded of the old adage: If something sounds too good to be true, it probably is.
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Apr 24, 2017
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These cards offered by Brim are quite good, but not better than our current options.

- Brim MC: Rogers/Fido MC are better because of much higher cash back rate.

In Canada:
Rogers 1.75% vs. Brim 1%
Fido 1.5% vs. Brim 1%

Outside Canada:
Rogers/Fido 1.5% vs. Brim 1%


- Brim WEMC: 2% rate is only applied to the first 25k annual purchases. This is a deal breaker. I believe many people spend way more than 25k a year and the limit doesn’t seem right. MBNA RWE is better with unlimited 2% return. For other benefits, Brim WEMC is better but you also pay higher annual fee ($120 vs. MBNA $89).
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seriesofcontradictions wrote: Good sleuthing. A friendly reminder that anyone can throw up a microsite claiming anything they want. Before you hand over your personal information, address, Social Insurance Number, and financial history, definitely do your due diligence.

If this turns out to be legit, I will definitely look into getting one. But until then, I'm reminded of the old adage: If something sounds too good to be true, it probably is.
They do appear to be registered as a bill payment option.
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seriesofcontradictions wrote: Good sleuthing. A friendly reminder that anyone can throw up a microsite claiming anything they want. Before you hand over your personal information, address, Social Insurance Number, and financial history, definitely do your due diligence.

If this turns out to be legit, I will definitely look into getting one. But until then, I'm reminded of the old adage: If something sounds too good to be true, it probably is.
While it may be true that “anyone can set up a micro site and claim anything they want”, not just anyone can access the credit bureau.
You need to be a member of a credit bureau to pull a bureau file, and that takes much more than a handshake and a hello.
I took off my tin foil hat and went through the application process, and was presented with credit bureau questions.
Doesn’t get anymore legit than that.

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