Review: Rogers Platinum MasterCard Credit Card

Review: Rogers Platinum MasterCard Credit Card

Rogers Platinum Mastercard

The Rogers Platinum MasterCard is one of the three credit cards offered by Rogers bank. After undergoing different form of change in a short while the Rogers Platinum MasterCard credit card as proven to be one of the wealthiest cash back credit card in the Canadian market with a lot of ecstatic features. For all Rogers users and customers, it’s a good time to have alive, as the Roger Platinum MasterCard gives you an out of the box offer.

For a no annual fee, Rogers Platinum MasterCard credit card is one of the best cash back reward credit cards. With 1.25% unlimited cash back on all other eligible purchases and 3% on all transaction in foreign currency, the Rogers Platinum MasterCard as taken the reward program to a whole new level.

Compared to other no annual fee reward card, the Rogers Platinum MasterCard as standout with it 2% cash back rewards on Rogers products and services, Rogers, Fido or chatr monthly bill charge using your card. One mouth-watering benefit of this card is it huge 3% cash back reward for all foreign transaction which makes it one of the best card to use for your international shopping.

Rogers bank is offering you $25 welcoming bonus on Platinum MasterCard provided you make your first purchase within the first three months of getting your card, and the great news about this is that you won’t have to pay an annual fee as all Rogers cards come with no annual fee. With all this being said, you should give this card a try, if you don’t have one already.

Rogers Platinum MasterCard Overview

Rogers Platinum MasterCard
Annual Fee $0
Interest Rate: Purchase 19.99%
Interest Rate: Cash Advance 21.50%
Balance Transfer 21.99%
Foreign Currency Conversion Fee 2.5%
Credit Score Good
Insurance Balance Protection Insurance (premium rates may apply)
Travel Insurance
InfoProtector® 360

The Pros and Cons of Rogers Platinum MasterCard

Seeing all of these huge benefits, it does seem like this card don’t have any downside, but there are a couple of downsides which we will take a look at below.

Pro

Everyone wants extra cash, so getting the Rogers Platinum MasterCard will give you that with it huge 3% cash back reward on all foreign transaction with no limit. While other cards will charge you around 2.5% to 3% for foreign currency conversion fee, the Rogers Platinum MasterCard will give a 3% cash back reward and charge you a 2.5% fee. That means you’re gaining 0.5% for all your foreign transactions.

The no annual fee is a big win, as you don’t have to worry about paying any price. The Rogers Platinum MasterCard also comes with a $25 welcome bonus provided you make your first purchase within the first three months of getting your card.

You will be rewarded with 1.25% on all other type purchases made with your card which is better than what most cash back cards will offer. You’ll also earn 2% unlimited cash back rewards on Rogers™ products and services charged to your card including your Rogers, Fido™ or chatr™ monthly bill.

Cons

The setback that comes with this card is as follows.

If you don’t make a lot of transactions or transactions that are processed by foreign bank, you will be stuck with just the 1.25% cash back reward.

This card doesn’t have a promotional offer for a balance transfer, cash advance and also does not come with travel or purchase insurance features, unlike the Rogers World Elite MasterCard.

To be approved of this card, you need a minimum income requirement of $80,000 or an annual personal income or $150,000 annual household income. It also has an interest rate of 19.99% on purchases and 21.50% on cash advance.

The Benefits of Rogers Platinum MasterCard

3% Cash Back Rewards on Foreign Transaction

Rogers has subsidized foreign transaction, either making travels and going shopping aboard is now more rewarding. Rogers currently offers 3% cash back reward on all your foreign purchases.

2% Cash Back Rewards on Rogers™ Products and Services

You will earn 2% unlimited cash back rewards on Rogers™ products and services charged to your card including your Rogers, Fido™ or chatr™ monthly bill.

1.25% Cash Back Rewards

You will get to enjoy a 1.25% cash back reward on all your purchases charge with your card. The good side to this is that it’s unlimited and the reward works with all categories, whether it’s at Rogers or elsewhere.

No Annual Fee

Nothing is as good as having the feeling that you don’t have to pay any charge for using your card. All Rogers issued credit cards including the Platinum MasterCard come with $0 annual fee.

Welcome Bonus

Rogers Bank is offering $25 welcome bonus to all the new customer as long as you make your first purchase using your Rogers Platinum MasterCard within the first three months of getting it.

How Rogers Platinum MasterCard Compare to other Rogers Cards

Rogers Bank offers three credit cards: Fido™ MasterCard®, Rogers™ Platinum Mastercard®, Rogers™ World Elite® Mastercard®. Below is how Rogers Platinum Mastercard compare with the other two cards.

Fido™ Mastercard®Rogers™ Platinum Mastercard®Rogers™ World Elite® Mastercard®
Annual Fee $0 $0 $0
Interest rate on purchases 19.99% 19.99% 19.99%
Requirements Credit approval Credit approval Credit approval with a minimum income requirement of $80,000 annual personal income or $150,000 annual household income.
Grace Period 21 days 21 days 21 days
Earn Rate Get 3% unlimited cash back rewards on all your eligible purchases made in a foreign currency.

Get 2% unlimited cash back rewards on Fido™ products and services charged to your card including your Fido, Rogers™ or chatr™ monthly bill.

Get 1.25% unlimited cash back rewards on all other eligible purchases
Get 3% unlimited cash back rewards on all your eligible purchases made in a foreign currency.

Get 2% unlimited cash back rewards on Rogers™ products and services charged to your card including your Rogers, Fido™ or chatr™ monthly bill.

Get 1.25% unlimited cash back rewards on all other eligible purchases
Get 4% unlimited cash back rewards on all your eligible purchases made in a foreign currency.

Get 2% unlimited cash back rewards on Rogers™ products and services charged to your card including your Rogers, Fido™ or chatr™ monthly bill.

Get 1.75% unlimited cash back rewards on all other eligible purchases
Additional Cards Up to 9 for free Up to 9 for free Up to 9 for free
Welcome bonus Upon approval, you will get $25 in cash back rewards as a welcome bonus on your first purchase within 3 months of receiving your card. Earn $25 in cash back rewards as a welcome bonus on your first purchase within 3 months of receiving your card. Earn $25 in cash back rewards as a welcome bonus on your first purchase within 3 months of receiving your card.
Redemption options All reward you earn using your Rogers Fido™ Mastercard® can be redeemed in over 44 million locations worldwide that MasterCard is accepted as follows:

  1. Fido™ and Rogers™ products and services

2. Gas, groceries, restaurants and other everyday purchases

3. Flights, gifts, home improvements or other big ticket purchases – and more!
All reward you earn using your Rogers Platinum Mastercard® can be redeemed in over 44 million locations worldwide that MasterCard is accepted as follows:

1. Rogers™ and Fido™ products and services

2. Gas, groceries, restaurants and other everyday purchases

3. Flights, gifts, home improvements or other big ticket purchases – and more!
All reward you earn using your World Elite® Mastercard® can be redeemed in over 44 million locations worldwide that MasterCard is accepted as follows:

  1. Fido™ and Rogers™ products and services

2. Gas, groceries, restaurants and other everyday purchases

3. Flights, gifts, home improvements or other big ticket purchases – and more!
Insurance Coverage None None Purchase Protection and Extended Warranty
Out-of-Province/Out-of-Country Emergency Medical
Rental Car Collision/Damage
Trip Cancellation
Trip Interruption

How to Redeem Points

All your accumulated cash back reward can be redeemed as a statement credit or towards any Rogers product or service including any Rogers, FIDO or Chatr bill, any purchase in a Rogers or Fido store, and tickets bought in person at the Rogers Centre ticket office (Blue Jays, Argos, concerts).

You can also redeem your cash back reward using the Mastercard® Pay with Rewards™ app on your smartphone that will save you the stress of logging in to your Rogers Bank online account and turn on the Pay with Rewards option before redeeming your cash back rewards.

Who Should get this Card

If you a lot of foreign transactions or foreign currency spending either through traveling, shopping or import good to Canada and intent to pay using your credit card then Rogers Platinum MasterCard should be your best bet.

Those who want good rate cash back, especially when it come with no annual fee.

If you’re a Rogers, FIDO, or Chatr customer, then you should consider have this card in your wallet.

Final Verdict

Despite undergoing a different form of change and devalued in a short while, the Rogers Platinum MasterCard is stand in as one of the best cash back credit card in Canada. But with a requirement of $80,000 minimum annual income or a $150,000 annual household income this card is only available to those that can meet the requirements.

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