本文发表在 rolia.net 枫下论坛There are 2 significant changes to the Rogers Bank credit card portfolio. First of all, there is a potential deal breaking changes to the Rogers Platinum MasterCard and the introduction of the new Fido MasterCard. Below are the highlights of the 2 credit cards:
Rogers Platinum MasterCard
$29 annual fee (waived the first year and/or continually waived when a Rogers bill is set up as a pre-authorized payment)
Earn $25 welcome bonus
Earn 4% cash back on all foreign currency purchases (effective August 17, 2016)
Earn 1.75 cash back on all other purchases
UPDATE- Foreign transaction fees waived (until October 19, 2016)
Fido MasterCard
No annual fee
Earn $50 sign up bonus ($25 after your first purchase, another $25 when you register your Fido bill for pre-authorized payments)
Earn 4% cash back on all foreign currency purchases
Earn 1.5% cash back on all other purchases
Keep in mind that in both cases, you can only use your cash back on Rogers / Fido purchases.
Thoughts on Changes to the Rogers Platinum MasterCard
Let’s talk about the Rogers one first. First of all, the welcome bonus has dropped from $35 to $25. There have been reports that you can get much more if you sign up in a Rogers store. So be sure to check that out, if you are still considering this credit card.
The deal breaker change though is that effective August 17, 2016, there foreign transaction fees will be waived. Currently, the way it works is that you get 1.75% cash back on all purchases, and foreign transactions fee waived. Normally, these fees cost 2.5% with most other credit cards. That means the net is 1.75%. With this change, you are now need to pay the foreign transaction fee, so the net becomes 1.5% (4% – 2.5%). It’s only a drop of 0.25%.
Is this enough of a deal breaker?
Thoughts on the Addition of the Fido MasterCard
This is actually a nice addition to the credit card world. Personally, I have a soft spot for new credit cards. The no annual fee along with the 1.5% cash back puts more pressure on all the credit cards out there that only off 1% cash back (on no annual fee credit cards).更多精彩文章及讨论，请光临枫下论坛 rolia.net
Rogers Platinum MasterCard
$29 annual fee (waived the first year and/or continually waived when a Rogers bill is set up as a pre-authorized payment)
Earn $25 welcome bonus
Earn 4% cash back on all foreign currency purchases (effective August 17, 2016)
Earn 1.75 cash back on all other purchases
UPDATE- Foreign transaction fees waived (until October 19, 2016)
Fido MasterCard
No annual fee
Earn $50 sign up bonus ($25 after your first purchase, another $25 when you register your Fido bill for pre-authorized payments)
Earn 4% cash back on all foreign currency purchases
Earn 1.5% cash back on all other purchases
Keep in mind that in both cases, you can only use your cash back on Rogers / Fido purchases.
Thoughts on Changes to the Rogers Platinum MasterCard
Let’s talk about the Rogers one first. First of all, the welcome bonus has dropped from $35 to $25. There have been reports that you can get much more if you sign up in a Rogers store. So be sure to check that out, if you are still considering this credit card.
The deal breaker change though is that effective August 17, 2016, there foreign transaction fees will be waived. Currently, the way it works is that you get 1.75% cash back on all purchases, and foreign transactions fee waived. Normally, these fees cost 2.5% with most other credit cards. That means the net is 1.75%. With this change, you are now need to pay the foreign transaction fee, so the net becomes 1.5% (4% – 2.5%). It’s only a drop of 0.25%.
Is this enough of a deal breaker?
Thoughts on the Addition of the Fido MasterCard
This is actually a nice addition to the credit card world. Personally, I have a soft spot for new credit cards. The no annual fee along with the 1.5% cash back puts more pressure on all the credit cards out there that only off 1% cash back (on no annual fee credit cards).更多精彩文章及讨论，请光临枫下论坛 rolia.net