Rogers World Elite Mastercard getting worse starting June 2, 2020 | Page 3 | Credit card reward programs | Discussion forum

From Rogers email received today:

Annual Spend requirement
On your March statement, we provided information about the $15,000 annual spend requirement to maintain your RogersTM World Elite® Mastercard® account. We want to reassure you there is plenty of time to qualify. The first qualification period will begin on August 1, 2020 (and end on July 31, 2021). As the current situation continues to evolve, we will monitor and adjust our plan as needed to meet the needs of our cardholders.

Stephen

Save2Retire@55 said
I didn't receive this email. Sounds they sent this only to those below the $15K spending limit. Doesn't sound good that they are going to enforce it.  

With the jet set Rogers seems to want to cater to grounded, maybe they are having second thoughts about the minimum spending requirement. The language of the original information and the reminder (I didn't get one either) leads me to believe they are keeping their options open on this one. Saw a report the other day that cc spending is very low. How long that will continue is anyone's guess.

Don't throw the baby out with the bathwater, Rogers.

I still use Amex Simply (no-fee) and Tangerine (3 categories) ... I haven't seen the need to upgrade.. I rarely travel and would never put a charge on a CAD card unless nescessary... If the Brim card is free and still has no forex at all i'd look at it for the odd time id ever want that direct USD purchase etc.. You definitely don't want paypal etc doing cash conversion thats' first step for most people!!

Briguy said

I would still use Rogers Elite at Costco since 1.5 % is still higher than any other no fee card. The other issue is Walmart stores- regular Walmarts are classified as department stores and Walmart Superstores are usually classified as grocery stores,

So at a regular Walmart use your Rogers Elite, and at a Walmart Superstore use a credit card that earns more at grocery stores, eg. Tangerine cc if that is one of your preferred categories.  

Agree that 1.5% is still good. However, I may not spend 15000 a year on the card, which I mainly use on Costco. For grocery I choose to use triangle card which provide 3% rewards points. Looks like capital one minimum provides 1% for everything. I am wondering is there any free card paying more than 1% for Costco?

vincent said
As far as I know, Costco is not grocery. So in no fee cards, which card would be best alternatives for Rogers Elite card for cash back?  

As far as I know, there is no free card that gives better than 1% for CostCo (Canada). CostCo doesn't accept Visa or Amex. However, if you buy their gas, you can use a MC that pays a better return for gas category.
Another way around it is to get a fee-based MC on a promotional deal where the first year is free, if the card has a good return on all "other" purchases. You just have to make sure it is a card where you can get your money back before having to sign up for a second year. At the end of the year, you may find another card that is to your liking.

Loonie said .......
Another way around it is to get a fee-based MC on a promotional deal where the first year is free,........ you just have to make sure it is a card where you can get your money back before having to sign up for a second year. At the end of the year, you may find another card that is to your liking.  

I came across the following article that discusses retention offers from CC issuers when renewal time arrives for fee based CC's:

https://thepointsguy.com/guide/ultimate-guide-credit-card-retention-offers/

Not a topic I've seen discussed here and wondering what success people may have had in trying to negotiate with Canadian fee based CC issuers.

Stephen

hwyc said
Plus annual min spend of $15,000 requirement or else ...   

«Starting June 2, 2020, Rogers World Elite Mastercard accounts must have an annual minimum spend (i.e. the total of Purchases made,
less any Purchase returns) of at least $15,000 posted to the Account during each annual review period in order to maintain your eligibility
for the Account. An annual review period commences on August 1st of a year and ends on July 31st of the following year, with the first
annual review period commencing on August 1, 2020. If you have not maintained the annual minimum spend during an annual review
period, we reserve the right to switch the Account to another Rogers Bank credit card product on or after November 1st in the next ensuing
annual review period without any impact to the rewards earned up to the date of the switch. This means that you may lose the insurance
coverages and other premium benefits that are exclusive to the Rogers World Elite Mastercard account and that you will be switched to
the new card's Rewards program. Accounts open for less than 18 months prior to the end of any annual review period will not need to
meet the annual minimum spend requirement for that annual review period. You will retain the full value of your Rewards earned prior to
June 2, 2020. »

Reference: https://www.rogersbank.com/legaldocs/en/change_in_terms_world_elite.pdf

So, it's not that bad, you may be bumped down to a lower card, but you don't lose what you have gained.

picassocat said

Tangerine only offers 2% in 3 categories, for the rest of your purchases you only get .5%

I chose 3 categories where I spend the most, but after a month, this only worked out to less than 1%, because the .5% kills me on the rest. Better go for a card that pays 1-1.5% on everything.  

I have used a card that pays 1 1/2% cashback for years. I do not believe you get more by paying any annual fee. I have seen cards that promise 2% or more on certain goods. I believe they are for very few people.

I support and congratulate everyone who is improving their rewards by juggling several cards.

For me, it's too much effort and too big a wallet! I once calculated that each additional card would bring me around $40-$75 /year extra, and decided it wasn't worth it to me. When I was younger, though, I probably would have done it.

I've received the biggest "rewards", by far, from the add-ons that come with my major bank fee-based card.
The extended warranty saved me over $1,000 last year on computer repairs. I got about an extra year's use out of the computer, which also saved me on purchase cost pro-rated.
And, in the past, I've saved well over $10,000 on CLDW car insurance, especially during several years when we did not own a car but rented frequently.

I've gotten to like this card, which we've had for several decades. Got it on a promotion then. The customer service has been excellent, and that's hard to come by so I'll probably stick with it. We do make a profit on it, but not as much as juggling cards.

Mine is a travel rewards card that reimburses expenses at 1.25% on everything. The insurance package is worth the fee, to me. I called today to check, and nothing has changed - yet!

One thing I learned when I called today is that parking fees count as travel expenses and can be reimbursed on this travel card once you get enough points for the minimum redemption. I don't attempt to accumulate a lot of points and use them up on occasional hotel stays. Today I redeemed $130 in parking charges. We made a lot of hospital visits in Feb/March, and the parking lot there is expensive and has a monopoly on parking in the area. This information may be useful to someone else who has a travel card and hasn't been able to use their rewards lately.

Loonie - First I am sorry to hear you had to do lots of Hospital visits. I hope everything is ok now and you and family are doing fine.
I am one of those CC Hoppers but I will not do it for anything less than $200 a year. Honestly, it is not a complicated thing to do nowadays. Everything is online. Fill in submit, wait. Either receive or not. That's about it.
Ex. My recent card was the TD Card. I got 10% for 3 months max $2000 purchase. That's a $200. Also I will keep it before the renewal as it is 3% for Grocery and Gas.

May I know what your CC is? And yes, I have never ever paid for CDW around the world. Many times I have to show them a paper from the CC company saying they cover that region, etc. I used MBNA and Rogers for the Car Insurance.

What I am looking for now is a card that covers at least 3 weeks of Travel Health Insurance. Even the $120 TD card (Waived fee first year) is for only 10 days. Same with Rogers Elite and MBNA. They are all good for cars though but anytime I travel for more than 10 days, I have to buy separate insurance for the remaining days. Last time it was $82 for extra 10 days for family. The most basic coverage.

I did extensive research and found "Meridian Visa Infinite Travel" to be what I need. $99. 3% back on FX but 2.5% fee so almost nothing back. 1.5% on all CAD. But it has 48 days Health coverage.
The other one is Meridian too. "Meridian Visa Infinite Cash Back" $99
4% on gas and grocery - 2% pharmacy and utility bills - 1% everything else
Same insurance as above card but lose 1.5% money on foreign transactions. I wish they had a card to mix this 2 cards together for a little more fees. Maybe $129 a year. I'd get that and keep it.

Talking about card insurance. I wanted to test Rogers World Elite MC insurance. In my last planned trip, it was first cancelled due to the weather for 2 days (Welcome to the Capitals Storms). So I only ended up paying for 1 day parking in the airport. After this, Corona happened so I cancelled and got refund for the whole trip except that 1 day parking. I called them and reported this. Sent the application (Isn't worth the time but I wanted to see if it works) and receipts and they indeed refunded me the parking fees! Not sure if they did it cause it was a small amount.
Any other recommendations?