Rogers Platinum MC (1.00% CB, 3% - net 0.50% Foreign CB) - Changes coming June 2nd, 2020
Changes coming June 2nd, 2020:
NOTE: This is continuation of the original thread: rogers-bank-rogers-first-rewards-master ... a-1445520/ (as the OP is not updating the thread anymore)
NOTE #2 - The card will have no annual fee as of March 13th, 2018. However, the earn rate of the card will decrease to 3% for foreign currency purchases (0.5% net CB), 1.25% on non-Rogers products/services and 2% for Rogers products/services. Refer to here for more info. Terrible news imo, however there will be a new Rogers World Elite CC that will have almost the same benefits as this card post downgrade coming up in June, refer to here for more info.
This is the best no FX fee card in the market imo (yes, much better than the Amazon Chase Visa). I have created this thread because there are claims that the card's annual fee can be waived after Year 1 by just asking Rogers to waive it and that CB can be applied against statement balance instead of just Rogers bills/products (Confirmed that you can do that by calling in, but only once per year). Once confirmed, I will update the OP and future questions on the same topic can be avoided.
Let's get to the features:
- Earn 1.75% CB on all CDN purchases (5 points per dollar)
- Earn 4% CB on all non-CDN purchases (5+6.43 points per dollar, net 1.5% cb with 2.5% foreign transaction fee)
- $25 welcome bonus (used to be $35)
- FYF, free supplementary cards
- No limit on CB earned
- $29 annual fee after Year 1, but can be waived if:
(1) Use the card to pre-authorize payments for Rogers, Fido or chatr monthly bills
(2) Ask Rogers Bank to waive it (Was told it will only be a "one time credit", to be confirmed in 2017/8)
- CB can be redeemed once it hits $20
- CB can be redeemed on Rogers/Fido/Chatr products, Shopping Channel purchases, Jays tickets (no single games for some reason), Jays Shop, Rogers Center concessions/parking, etc (unlimited as long as CB is > $20)
- CB can be redeemed against statement balance by calling Rogers (Has to be requested by Dec 1st of current year, receive credit sometime in Jan of next year)
Points system:
- As Rogers Bank use their own way to calculate cash back, it can get really confusing on how their points system work. Below are some explanations (credit to Ace604):
CDN 1.75% CB spending:
- Every $1 spending will get you 5 points, and 5 points = $0.0175. Each point is worth $0.0035
- In order to earn $1 cash back you will need to spend $57.14 to get 285.70 points (285.70/5*0.0175 = $0.99995)
Foreign 4% CB spending:
- Every $1 spending will get you 11.43 points, and 11.43 points = $0.04. Each point is worth $0.0035
- In order to earn $1 cash back you will need to spend $25 to get 285.70 points (285.70/11.43*0.04 = $0.99998)
- Note that Rogers Bank will NOT include the 2.50% FX fee for cashback calculation
eg: I made a $35.55 USD purchase and Rogers Bank charged me $47.42 CDN (FX@1.301233*1.025). They will give me cashback base on $46.26 CDN ($47.42-$46.26 = $1.16 FX fee). Base on the calculations above, I will get 528.75 points (46.26*11.43 = 528.7518) and I will earn $1.85 CB on this transaction (528.75/11.43*.04 = $1.8504 or $46.26*0.04 = $1.8504). The net cashback you earn on this transaction will be $0.69 ($1.85-$1.16 = $0.69 or $46.26*0.015 = $0.6939)
You can apply for the card at the Rogers Bank website: https://www.rogersbank.com/en/card_deta ... mastercard (there is no GCR/RSM CB for applying)
NOTE: You can call or message in for a credit limit increase every 7 months. Very useful especially since a lot of us do not get a high initial credit limit on this card
More info will be added as they come in. Let me know if I am missing anything.
https://www.rogersbank.com/legaldocs/en ... atinum.pdfYou will earn:
• 3% in cash back rewards on all your eligible purchases made in U.S. dollars (previously 3% on all eligible purchases made in
any foreign currency)
• 1% in cash back rewards on all other eligible purchases (previously 2% on Rogers products and services and 1.25% on all other
eligible purchases)
NOTE: This is continuation of the original thread: rogers-bank-rogers-first-rewards-master ... a-1445520/ (as the OP is not updating the thread anymore)
NOTE #2 - The card will have no annual fee as of March 13th, 2018. However, the earn rate of the card will decrease to 3% for foreign currency purchases (0.5% net CB), 1.25% on non-Rogers products/services and 2% for Rogers products/services. Refer to here for more info. Terrible news imo, however there will be a new Rogers World Elite CC that will have almost the same benefits as this card post downgrade coming up in June, refer to here for more info.
This is the best no FX fee card in the market imo (yes, much better than the Amazon Chase Visa). I have created this thread because there are claims that the card's annual fee can be waived after Year 1 by just asking Rogers to waive it and that CB can be applied against statement balance instead of just Rogers bills/products (Confirmed that you can do that by calling in, but only once per year). Once confirmed, I will update the OP and future questions on the same topic can be avoided.
Let's get to the features:
- Earn 1.75% CB on all CDN purchases (5 points per dollar)
- Earn 4% CB on all non-CDN purchases (5+6.43 points per dollar, net 1.5% cb with 2.5% foreign transaction fee)
- $25 welcome bonus (used to be $35)
- FYF, free supplementary cards
- No limit on CB earned
- $29 annual fee after Year 1, but can be waived if:
(1) Use the card to pre-authorize payments for Rogers, Fido or chatr monthly bills
(2) Ask Rogers Bank to waive it (Was told it will only be a "one time credit", to be confirmed in 2017/8)
- CB can be redeemed once it hits $20
- CB can be redeemed on Rogers/Fido/Chatr products, Shopping Channel purchases, Jays tickets (no single games for some reason), Jays Shop, Rogers Center concessions/parking, etc (unlimited as long as CB is > $20)
- CB can be redeemed against statement balance by calling Rogers (Has to be requested by Dec 1st of current year, receive credit sometime in Jan of next year)
Points system:
- As Rogers Bank use their own way to calculate cash back, it can get really confusing on how their points system work. Below are some explanations (credit to Ace604):
CDN 1.75% CB spending:
- Every $1 spending will get you 5 points, and 5 points = $0.0175. Each point is worth $0.0035
- In order to earn $1 cash back you will need to spend $57.14 to get 285.70 points (285.70/5*0.0175 = $0.99995)
Foreign 4% CB spending:
- Every $1 spending will get you 11.43 points, and 11.43 points = $0.04. Each point is worth $0.0035
- In order to earn $1 cash back you will need to spend $25 to get 285.70 points (285.70/11.43*0.04 = $0.99998)
- Note that Rogers Bank will NOT include the 2.50% FX fee for cashback calculation
eg: I made a $35.55 USD purchase and Rogers Bank charged me $47.42 CDN (FX@1.301233*1.025). They will give me cashback base on $46.26 CDN ($47.42-$46.26 = $1.16 FX fee). Base on the calculations above, I will get 528.75 points (46.26*11.43 = 528.7518) and I will earn $1.85 CB on this transaction (528.75/11.43*.04 = $1.8504 or $46.26*0.04 = $1.8504). The net cashback you earn on this transaction will be $0.69 ($1.85-$1.16 = $0.69 or $46.26*0.015 = $0.6939)
You can apply for the card at the Rogers Bank website: https://www.rogersbank.com/en/card_deta ... mastercard (there is no GCR/RSM CB for applying)
NOTE: You can call or message in for a credit limit increase every 7 months. Very useful especially since a lot of us do not get a high initial credit limit on this card
More info will be added as they come in. Let me know if I am missing anything.
Last edited by Redmask on Jul 31st, 2018 9:29 am, edited 1 time in total.