Ease of redemption:
Why Rogers Mastercard?
The Rogers Platinum Mastercard is a deceptively good credit card. It lacks a certain glitz and glamour, but beneath the surface is a really solid offering for two reasons, detailed below in our Rogers Mastercard review.
Cashback & Foreign Perks
First, the card offers 1.25% cashback on everything, which puts the Rogers Mastercard in the conversation for the best cashback credit card in Canada. Second, Roger’s pays 3% cashback on foreign exchange payments. That 3% effective cashback pretty definitively makes Rogers the best no-foreign transaction fee credit card in Canada. Last, but not least Rogers customers enjoy a 2% cashback on it’s products or services.
To top it off, Rogers is offering a welcome bonus of $25 to give the card a try, all that’s required is one purchase within three months of activation. The annual fee of $29 is waived year one – with Rogers customers able to easily keep the card free forever.
Welcome Bonus and Annual Fee Waiver
Sign up for the Rogers Platinum Mastercard and you’ll receive a $25 welcome bonus. The first year’s fee of $29 is waived for everyone – however, we feel it is justified to label this card entirely fee-free, because if you have a Roger/FIDO bill set up for recurring payment on the credit card the fee is waived each and every year.
How the Rogers Platinum Cashback Works?
Forget all that category nonsense – with Rogers Mastercard you get 1.75% on each and every CAD purchase made on the card – including Costco!
This cashback was initially meant to be spent on Rogers/FIDO products charged on the card, things like internet, telephone or cable packages. However, customers may now download the MasterCard Pay with Rewards app which allows rewards to be redeemed at millions of participating merchants on and offline – generally everywhere Mastercard is accepted.
If you don’t fancy downloading the Pay with Rewards app, you may call Rogers directly once per year and the cashback will be applied as an overall statement credit. So, call them up at the end of your first term and the entire amount earned will be deducted from your statement.
Rogers Foreign Currency Cash back
Do you shop anywhere online with pricing in USD? Do you vacation in the United States? If the answer to either of those questions is yes, then you absolutely should have a no-foreign exchange fee credit card, and the Rogers Platinum MasterCard, with the 3% cash back, is the best in the market. As was stated in the introduction, foreign currency purchases are usually priced at 2.5% by the banks, with an additional 0.5% or so going to the payment processor. The Rogers MasterCard 3% cash back covers the charges and then some. Rogers has also added Zero Liability insurance, which means you are off the hook for any unauthorized purchases – a plus when navigating unfamiliar foreign lands.
This makes the card a top option for non-Rogers customers as well – the only downside being that an annual fee of $29 will kick in year two absent a Rogers bill paid directly from the card.
This Rogers Platinum MasterCard review makes the case for ‘best in show’ in two different card categories: 1) the best no-fee cashback card in Canada with a flat 1.25% and 2) a top foreign exchange card, with 3% on non-Canadian charges. Either designation would be enough to earn consideration for a spot in your wallet; the double crown makes this one a sure thing. Use the Rogers MasterCard for all non-CAD purchases, and you might consider using it day to day as well – at the very least, recurring FIDO or Rogers bills should be stuck on there for the $29 fee waived from year two onward.