Rogers Platinum MasterCard | Credit card reward programs | Discussion forum

I think your summary is complete.
Did not know that the Marriott card had this huge fee though. That's ridiculous!

As soon as we find the time, we are planning to get an indoor aerial and ditch the Rogers cable. The price, even for basic cable service, is just not worth it. There is less and less that I want to bother watching on TV.

So, Amazon it is!

kanaka said

....what happens to the Chase Sears MasterCard options once Bank of Nova Scotia takes the accounts over?

Found some info and wrote it in discussion Sears Financial credit cards after November 16, 2015.

There's also an annual fee, making Rogers credit card pretty "ho hum," in my opinion, even if the rewards ratio is attractive, what are the rewards? Credits to your Rogers bill resulting in more money funneled up to Rogers.

I stumbled upon their Fido "flanker brand," as it's called in the industry, has come out with a Fido MasterCard that offers 1.5% on all purchases which, may, be better off than a 2% cash back rewards in certain categories (i.e., Tangerine Money-Back or MBNA SmartCash) depending on where you shop and 4% on all purchases charged in a foreign currency (an interesting and unique play, perhaps they're trying to encourage travellers and roaming and their "roam at home" plans?). Still has 2.5% foreign currency charge but, if you net that out from the 4% in cash back rewards, still works out to 2% rewards net of fees.

https://www.rogersbank.com/en/card_details/fido_mastercard

CIBC has nabbed Telus for its Visa. Wonder if Scotiabank, TD Canada Trust or RBC Royal Bank will nab Bell Canada?

Cheers,
Doug

Loonie said

re: Fido card: Good one, Doug!
As far as I can see, you don't have to be a Fido customer to get the card although there is slight benefit if you are.
I have done calculations several years, and somewhere around half of our credit card purchases always come in under category "other", so, yes, 1.5% could be a very good return for lots of people, even as a secondary card that you only use for "other".
I wonder why they don't pair it with Rogers cell phones.
The 4% on foreign purchases could help armchair shoppers as well as travellers.
I heard a piece on the radio the other day to the effect that millenials identify less with Canada than the older generation and see themselves as global citizens, so this might be intended to court them.

Thanks, Loonie!

Yeah, my "take" on things is that being a Fido or Rogers customer isn't required, my only question is the reward paid out annually as a credit on one's Fido MasterCard bill or as a credit to one's Fido or Rogers bill? If the former, then that's totally fine. Yeah, the 4% cash back on foreign currency purchases is a neat "twist" on things and I tend to agree with your analogy that, quite often, slightly more than half of our purchases come from the "other" category, making this card beneficial. The "no annual fee" is an added bonus, too.

If I didn't already have a Scotiabank SCENE Visa and a Tangerine Money-Back Credit Card, I'd likely add this one to my credit card stable, either as a primary or a secondary card.

If Greg is still here reading posts, now that Capital One has long since cut the 0.5% anniversary bonus on its Aspire Cash MasterCard and it is only 1%, very few people are grandfathered into that scheme. This might be a great card for Greg, particularly as RBC has also since closed its Target and Shoppers Optimum MasterCard portfolios.

Cheers,
Doug

Loonie said

Come back, Greg! We miss you, GS.

I'll second that.

Cheers,
Doug

Thanks, gicjunkie. Yeah, I didn't really include Marriott Rewards Visa because of the annual fee but also didn't know about about the free night's stay, which certain does cover the annual fee.

Once Scotiabank migrates their MasterCard portfolio off of JPMorgan Chase's platform, it's possible they might institute an FX fee. At that point, both Marriott's and Amazon.ca's Visa become more attractive.

Cheers,
Doug

User230 said
Initial rating is 4/5. As missing preauthorized payment. 

What do you mean missing preauthorized payment? You cannot set up preauthorized payments with this card?

User230 said

It's when you pay the balance on the card automatically through a bank. Some call it pre-authorized payment. Others call it direct debit. There are lots of names for it.

What I think your talking about is setting up payments of things like utilities or monthly expenses. This card does that. Not the above though.  

Yes, exactly, I meant setting up preathourized payments for cell phone, utilities, etc. Kind of glad, you had me worried there for a sec, because I'm planning on getting the FIDO MasterCard and I assume they are the same, but I did see they have some differences in features

2 Questions:

1) Is anyone aware if there are any bonus offers when applying for the FIDO mastercard?

I am aware of the up to $50 cash back rewards when signing up, but I am seriously thinking of getting this card since Amazon VISA is not accepting new applicants, but I wanted to know if there are any other bonuses? Specifically referral bonuses?

NOTE: I'm not a FIDO customer and only thinking of getting this card for traveling purposes to avoid Fx fee (I know you're charged 2.5% fee, but netting 1.5% after the wash).

2) You need to have spent a minimum of $20 to qualify for the redeem rewards or statement credit, but does anyone know what would happen if in one particular year you only used, let's say, the card once and spent $10. Obviously this would not qualify you for the rewards or credit statement, but what happens to that $10 reward opportunity? Does it roll over the next calendar year that can be used or do you lose it?

Thanks!