About Rogers Platinum Mastercard
The Rogers Platinum Mastercard is designed to earn cash back on regular purchases, travel, and overseas purchases. Rewards can be redeemed quickly and easily using a simple and friendly bank account. In addition, it is a fast and secure way to make contactless payments, as the support service has no weekends and can provide timely assistance.
With this card, you can be sure that your funds are protected from fraudulent activities, and suspicious transactions are monitored for the customers’ security purposes.
Rogers Platinum Mastercard features
Rogers Platinum Mastercard features 1% rewards on eligible purchases. In addition, purchases made in USD are rewarded with 3% cashback for every dollar spent. It is possible to redeem the accumulated cash back once the cardholder receives only $20 in bonuses.
The welcome bonus amounting to $25 is received in cash back rewards upon your first purchase within three months of activating your card.
This card can be used to save money on foreign transactions. The foreign transaction fee charged by Rogers is 2.5% but is offset with 3% cashback if the purchase or payment is made abroad in USD.
When making purchases, the cardholder is protected by the Zero Liability feature.
Additional authorized cards linked to the same account can be issued for free. Cashback can be redeemed using one of three options: manual, automatic, or via the mobile app.
The rates for different types of transactions with credit funds are different. For example, the overdraft rate is 19.99%, while cash advances and transfers cost 22.99%.
The Rogers Platinum Mastercard's cash back rewards are not capped by a ceiling. In addition, since this card is part of a broad network, you can pay with the card at over 40 million locations in Canada and abroad.
Pros and cons
Key benefits of Rogers Platinum Mastercard are the following:
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no annual fee;
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additional cards are issued without any fees;
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transactions in USD are rewarded with higher cash-back, it is convenient for those who travel or enjoy online shopping;
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financial monitoring algorithms allow to detect fraudulent activity and protect the card balance;
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a $25 welcome bonus in rewards.
There are some drawbacks of Rogers Platinum Mastercard:
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a 2.5% foreign transaction fee;
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income requirement ($80,000 of personal annual income or $150,000 of annual household income);
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it is recommended to have a credit score of over 650 points;
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there are no insurance perks or extra coverage unless the cardholder wants to pay additionally for such a feature.
How to apply for a Rogers Platinum Mastercard
Rogers allows applications online for Rogers Platinum Mastercard. If the “Apply” button next to the card description is active, the bank accepts new applications for consideration.
Existing customers can save time because most of the important information is in the system already.
The applicants have to enter the following:
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first name;
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last name;
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contact details;
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birth date;
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residential address;
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expenses;
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social insurance number (SIN);
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employment information;
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annual income;
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confirmation that there is no active bankruptcy procedure.
The following criteria have to be met when applying to increase the chances of a favorable decision:
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Canadian citizenship or permanent resident status;
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age of majority within the province legislation;
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legal capacity to sign documents and enter into contracts;
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a credit score of over 700 points;
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no insolvency or bankruptcy procedure on the applicant within the past seven years.