Types of Rogers Bank credit cards
Rogers Bank’s main products are credit cards. This bank provides customers with different credit cards that can be used for different customers’ needs. There are five types of these cards that have different perks and features.
Rogers World Elite Mastercard. This is Rogers Bank's main product, as this credit card has the most significant benefits. It is excellent for earning bonuses and, what’s more, customers will receive additional travel insurance services without paying any annual fees. Also, this card offers 1.5% unlimited cash back rewards on everyday purchases, and when customers make purchases in US dollars, the cashback rate increases up to 3%. This feature makes the card worthwhile as a no-foreign currency conversion fee card when visiting the United States. Moreover, with this card, customers will access over 1,000 airport lounges via Mastercard Airport Experiences and free Boingo Wi-Fi at more than 1 million hotspots worldwide. Travel insurance coverage program includes rental car, emergency medical, trip interruption, trip cancellation, extended warranty, and purchase protection insurance coverage. However, customers must meet some strict requirements to get such a card. The Rogers World Elite Mastercard requires a minimum of $15,000 annual spending to maintain eligibility. Also, to qualify for the card, customers will need a personal yearly income of $80,000 or $150,000 household income.
Rogers Platinum MasterCard. This credit card offers much fewer perks than the previous one, but the requirements are more straightforward. Customers will have only 1% unlimited cash back on their daily purchases but still will have increased cash back on purchases made in US dollars. However, there are no travel insurance benefits as these services are only available for World Elite Mastercard holders. The annual fee is still $0, and this card can be accepted where Mastercard is accepted. An annual interest rate on purchases is 19,99% and 22,99% on cash advances and balance transfers.
Fido Mastercard. This credit card is good for everyday purchases and recurring payments. In addition, customers can earn bonuses on it. They will receive the same 1% on all eligible daily purchases. Still, this rate will increase up to 1,5% on all their eligible recurring payments and subscriptions, including their Fido Bills, utilities, streaming services, and more. Also, customers still will receive Mastercard benefits such as zero liability, transaction monitoring, CHIP and PIN Technology, Tap and Go shipping, and Mobile Wallet compatibility. The annual fee is still $0, and customers can get a welcome bonus of up to $25.
chatr Secured Mastercard. This credit card has the lowest cashback rates. Customers will receive only 0,5% on all their daily purchases and only 1% on their Chatr and Rogers products and services. Still, they can also use it for building or repairing their credit card responsibility. Moreover, this is the only credit card from Rogers Bank with a fee. Customers will pay $5 each month for this credit card. However, the requirements are straightforward. It only requires identity verification and review of credit history against undischarged bankruptcy and a deposit of security funds before approval. Also, all the Mastercard supplementary benefits are still available.
chatr Mastercard. Customers will receive more bonuses with this credit card than with the secured card. The rate for regular everyday purchases is 1%, while Chatr and Rogers products and services purchases will be rewarded with 3% cash back. The annual fee is $0, and Mastercard benefits are also available.
How to open a Rogers Bank credit card
To apply for one of the credit cards Rogers Bank provides, customers must choose the one they want. Next, they need to go to the “Credit cards” section in the menu and click on the name of the credit card they want. After that, they must click the “Apply now” button and answer several questions.
Afterward, customers must fill out the online application by mentioning some information.
Personal information. In this section, customers must enter their full name, date of birth, social insurance number (optional), email address, phone number, mother’s maiden name, and preferred language.
Address information. Postal code, street number, name, unit type, city, province, residential status, and time spent at this address.
Employment status. Here customers will need to enter their employment status and, depending on it, enter some additional information about the employer.
Financial information. Customers will need to enter their annual personal income, monthly mortgage/rent, annual household income, and other sources of income.
Finally, customers will be offered to enter some information if they want to add an authorized user to the account and agree with the terms and conditions.
Requirements
Rogers Bank’s requirements are pretty straightforward. To apply for a Rogers Bank credit card, customers must be at least the age of the majority in their province or territory, i.e., 18 or 19 years old. Also, they need to have an appropriate credit score. However, different credit cards have different requirements. For example, to be approved for Rogers World Elite Mastercard, customers must have a minimum of $15000 annual spending and a personal annual income of $80,000 or $150,000. Other credit cards require credit checks, but the chatr Secured Mastercard requires identity verification and credit history review against undischarged bankruptcy.
Pros and cons
Rogers Bank offers different types of credit cards with several strong and weak sides. However, one of the significant disadvantages of these credit cards is product list is not that long.
Also, there is a big gap between Rogers World Elite Mastercard and the Platinum version. Travel insurance coverage is only available for the World Elite credit card, but it has stringent requirements, and not all customers will be able to afford it. However, there are several more affordable alternatives. Moreover, not all of the credit cards offered by Rogers Bank have extra cash back for US purchases.
On the other hand, most of these have a $0 annual fee, which is very attractive. Also, all these cards include all the supplementary benefits from Mastercard, such as zero liability, transaction monitoring, CHIP and PIN Technology, Tap and Go shipping, and Mobile Wallet compatibility. In addition, credit cards by Rogers Bank can be used as a regular payment method and with NFC modules on their smartphones.
How to make a payment
Customers need to attach their credit cards to their accounts to make payments. As soon as they have done that, they can make payments via online banking, a mobile app, at the bank's office, via ATM, or by setting automatic payments.