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Rogers World Elite Mastercard
April 17, 2018
9:39 am
jgclghrn
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Just received an e-mail about this new card. It gives the same rewards as the original Rogers Platinum Mastercard (i.e. prior to the latest downgrade announcement) but ups the reward to 2% for Rogers, Fido and Chatr products. Rewards can be applied to those products as well as the shopping channel, Jays Shop items, Blue Jays tickets and Rogers Centre concession foods.

The 4% return on foreign purchases is also back offset by the 2.5% conversion fee (i.e. net reward of 1.5%)

There is no annual fee and they now include insurance products like purchase protection, extended warranty, out of province/country emergency medical, trip cancellation/interruption, and rental car collision/damage.

Requirements - Credit approval PLUS annual personal income $80,000+ or household income $150,000+. It appears that no credit check is required for existing Rogers Platinum card holders if they qualify before May 14. Existing Platinum card holders who qualify get the benefits with the old card on May 15 while they wait for their new card to arrive. Otherwise it looks like May 23 is when new card holders get these benefits.

April 17, 2018
4:08 pm
Save2Retire@55
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Shoot. I just received my Fido MasterCard.
But no news from HomeTrust which means they haven't processed it yet.
Going to check out the details of this card and if OK, call Home to see if I can cancel that application. If that happens, will apply for this card.

April 17, 2018
7:17 pm
jgclghrn
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Here is a link I got in my e-mail which gives a few details about the new card. Their website doesn't have a way to apply for the new card yet.

Legal info. on Rogers/Fido cards.

April 17, 2018
8:52 pm
Save2Retire@55
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Great. Thanks for sharing.
Does the email indicate any date of offering?

April 18, 2018
4:26 am
fabafter50
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Ours is in the bin as we received this:
On May 23rd, 2018, there are some changes coming
Earn rate has been has been reduced from 1.75% cash back on all purchases to 1.25%.
Earn rate on foreign currency purchases has been reduced from 4% cash back to 3%.
Now cardholders can earn 2% cash back on Rogers products, including Rogers, Fido, or chatr monthly bills.
This card now has no annual fee.

April 18, 2018
6:53 am
jgclghrn
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fabafter50 said
Ours is in the bin as we received this:
On May 23rd, 2018, there are some changes coming
Earn rate has been has been reduced from 1.75% cash back on all purchases to 1.25%.
Earn rate on foreign currency purchases has been reduced from 4% cash back to 3%.
Now cardholders can earn 2% cash back on Rogers products, including Rogers, Fido, or chatr monthly bills.
This card now has no annual fee.
  

Don't forget the information you quote is related to the Platinum version of the card (i.e. their existing card). The new World Elite version of the card is as I mentioned above and is described in the link I provided. May 23 marks the reduction in benefits for the Platinum version but also the release of the new card with the better benefits.

April 18, 2018
8:49 am
fabafter50
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Thank you for that, this was the card we had got based on the previous info, so it seemed like a bait and switch EQ tactic.
I should have looked first 🙂

May 2, 2018
9:45 pm
implode
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This seems like a card to get now for rewards. My current primary card BMO CashBack World Elite Mastercard. I know they reduced the cash back from 1.75% to 1.5% and at the time, the Rogers card had an annual fee. The Rogers card is free, 1.75% on regular purchases, 2% on Rogers services, 4% on foreign currency. It seems like a winner.

May 17, 2018
10:22 am
meghan88
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Trying to see if the Rogers card would be worth it for me. Let's say I spend 4K/year in foreign currency. I currently have a Infinite Visa that is no fee due to my banking plan, and nets me about 700/year in travel $. 4K gets me 12K in points, which is worth $60. That helps to offset the $100 I pay them in FX, assuming 2.5%, though I understand it's going up to 3.5% soon, if it hasn't already?

For those familiar with the new Rogers card, would you know the answer to the following:
- what would be the effective savings/cost difference on 4K/year?
- how does the difference compare to Home Trust, assuming 4K/year?
- I assume it's easy to set up bill payment to the card from my big-six bank account? I'm concerned about bills getting lost and interest accruing.

Any help would be appreciated. I'm not great at number-crunching and I try to keep my life simple.

May 17, 2018
1:35 pm
Nehpets
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meghan88 said
- I assume it's easy to set up bill payment to the card from my big-six bank account? I'm concerned about bills getting lost and interest accruing.
  

At present the Rogers Card is paid with electronic bill payee from your bank account, so you need to set up a reminder for the due date. An email notification is sent by Rogers Bank when the statement is issued, so you can plan your payment accordingly. The online credit card dashboard also indicates the due date of the current statement.

According to their CSR, Rogers is supposed to provide pre authorized debit (PAD) linked to your bank account for automatic payment in July 2018.

Stephen

May 17, 2018
2:56 pm
Save2Retire@55
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Just received an email that " Rogers World Elite Mastercard" will be received by June 7th.

Dear ,

Great news! As you requested, your account has been switched to the Rogers World Elite Mastercard. You will receive your new card in the mail by June 7, 2018.

In the meantime:

You will start earning rewards at the Rogers World Elite rates, even while continuing to use your existing Rogers Bank credit card for purchases.
You now have access to the insurance benefits2 included with your Rogers World Elite Mastercard. For coverage details, visit rogersbank.com/coverage.
To redeem rewards, please activate your new card and apply cash back towards any eligible purchase you make with your Rogers World Elite Mastercard.
You can access your online account at rogersbank.com to view your transactions, statements and rewards. If you wish to modify your account, you will need to activate your new card.
If you are currently registered for Rogers Bank alerts, you will need to activate your new card to receive notifications.
Once you receive your new Rogers World Elite Mastercard:
Please call 1-855-275-2216 and enter your preferred phone number when prompted to activate your card. Your preferred phone number we have on file is: .
Once you have activated your new Rogers World Elite Mastercard, please destroy your old card.
If you have any pre-authorized payments set up, you will need to update these with your new card number.

May 22, 2018
12:26 pm
meghan88
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Nehpets said

At present the Rogers Card is paid with electronic bill payee from your bank account, so you need to set up a reminder for the due date. An email notification is sent by Rogers Bank when the statement is issued, so you can plan your payment accordingly. The online credit card dashboard also indicates the due date of the current statement.

According to their CSR, Rogers is supposed to provide pre authorized debit (PAD) linked to your bank account for automatic payment in July 2018.

Stephen  

Thanks! Still trying to figure out if the savings on a 4K foreign annual spend are worth the bother of a second card.

May 31, 2018
1:41 pm
Nehpets
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" Rogers World Elite Mastercard" received today in the mail....cool black...very elegant..sf-wink

Stephen

May 31, 2018
4:31 pm
file
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I think it'd be sleeker without the giant Rogers logo on the right side, just mostly black, but that's just me.

June 16, 2018
8:00 am
implode
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Looks like this Rogers World Elite Mastercard can now be applied for online now. For anyone with this car already, redemption of the cash back rewards is only towards Rogers services? I don't have any Rogers service.

"Redeem your cash back rewards towards anything Rogers including: purchases made at Rogers, Fido and chatr retail stores and monthly bills, purchases at Today’s Shopping Choice™, Toronto Blue Jays™ tickets, merchandise at Jays Shop™ online or in store, and at Rogers Centre™ concessions."

June 16, 2018
8:41 am
Peter
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Apparently you can request a statement credit once per year.

June 16, 2018
9:01 am
Nehpets
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Peter said
Apparently you can request a statement credit once per year.  

Yes, I inquired about that and a statement credit can be issued once a year in January. The request must be made in December prior to the end of the statement period.

Stephen

June 16, 2018
10:18 am
Loonie
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This is the first time I've heard you have to request the cashback.
I was under the impression it would come automatically.

Something else to fuss about! sf-frown

June 16, 2018
10:46 am
Norman1
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Loonie said
This is the first time I've heard you have to request the cashback.
I was under the impression it would come automatically.

Something else to fuss about! sf-frown

The Rogers World Elite MasterCard Rewards Program seems to follow the pattern of the programs for their Fido MasterCard and Rogers Platinum MasterCard:

7. Redeeming Rewards

Rewards can be redeemed towards Eligible Purchases using Mastercard Pay with Rewards.

Rewards can be redeemed starting at $20.00 CAD. To redeem rewards, log into your World Elite Rewards Account through http://www.RogersBank.com or through the Mastercard Pay with Rewards mobile application. … Once logged in, pre-select the Mastercard Pay with Rewards option, and your next Purchase made using your Card will be paid with rewards from your World Elite Rewards Account up to the full amount of your Eligible Purchase or the cash value of your World Elite Rewards Account, whichever is less. …

You may also redeem your Rewards in the form of an annual statement credit to your Account by calling Rogers Bank at 1 855 775-2265. You must request an annual statement credit for each year that you wish to receive it by December 1st of that year. Annual statement credits will be awarded in January of the following year and the amount credited will be the total dollar value of the balance of your World Elite Rewards Account as of the date the credit is issued to your Account.

June 16, 2018
10:59 am
Norman1
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implode said
Looks like this Rogers World Elite Mastercard can now be applied for online now. For anyone with this car already, redemption of the cash back rewards is only towards Rogers services? I don't have any Rogers service.

"Redeem your cash back rewards towards anything Rogers including: purchases made at Rogers, Fido and chatr retail stores and monthly bills, purchases at Today’s Shopping Choice™, Toronto Blue Jays™ tickets, merchandise at Jays Shop™ online or in store, and at Rogers Centre™ concessions."  

It is similar to the cashback on their Fido MasterCard and Rogers Platinum MasterCard.

One can redeem towards anything Rogers anytime during the year when one has at least $20 of earned rewards.

For a statement credit each January, one needs to call and request it by December 1.

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