Yesterday morning Rewards Canada reader J Smith commented on our feature for No Foreign Transaction Fee Credit Cards for Canadians letting us know that there once again changes happening to the Rogers Platinum Mastercard and Fido Mastercard.
It hasn’t been too long that these cards underwent changes and now they
are at it once again – and the changes, for the most part, aren’t good. You can read all about the changes here.
The good news is strictly on the Rogers Platinum Mastercard and that
is the annual fee is being removed as of March 13. The card normally
carried a $29 annual fee but that was waived if you were a Rogers
customer so the card is now a no fee card for everyone.
On to the bad news, the two cards are being devalued on the rewards
side. The big bright spot for both cards was 4% cash back on foreign
transaction purchases, hence it being featured in the No Foreign Transaction Fee Credit Cards
piece. The cards do have a 2.5% foreign exchange fee which meant you
came out 1.5% ahead on all those non CDN$ purchases. Well as of May 23
the earn rate for foreign transactions becomes 3%. So you’ll still come
out ahead but only by 0.5% now.. On all other spending the Rogers card
earns 1.75% cash back and also as of May 23 that is being dialed back to
1.25% on almost all purchases – they will award you with 2% on Rogers
products and services. The Fido card drops from 1.5% on all purchasese
to 1.25% except once again they’ll offer 2% on Rogers products or
services. So really they are taking away quite a bit from current or
future cardholders. Sure you have no annual fee but losing one point on
foreign purchases and half a point on almost all other purchases hurts
more than not having the annual fee.
Posts since our last update:
- Convert Diners Club Club Rewards Points to British Airways Executive Club Avios and receive a 30% bonus
Last seen in the summer of 2017, the Diners Club to British Airways conversion bonus is back albeit it…
Travel Deals
Because one night is never enough! Stay one night and the next is 40% off at participating North and Latin American Starwood Hotels! Find out more here!
Remember to visit Rewards Canada’s Travel Booking site to book travel directly with many of your favourite airlines, hotels and more!
Canadian Bonus Offers
British Airways Executive Club
– 30% Bonus Avios when you convert Diners Club Club Rewards Points to British Airways Executive Club. More… Until Mar 31, 18
EVA Air Infinity MileageLands
– Earn up to 3,500 Bonus Infinity MileageLands miles when you fly on
EVA/UNI Air scheduled international flights including Toronto and
Vancouver within an eligible ticket class. More… Book by Jun 10 for travel until Jun 15, 18
Other Bonus Offers
La Quinta Returns
– Save up to 25% when you buy La Quinta Returns points. More… Until Apr 20, 18
Marriott Rewards
– 10,000 Bonus Rewards Points per stay at The Hi-Lo, Autograph Collection Portland. More… Until Apr 29, 18
Starwood Preferred Guest
– SPG Status Challenge – Earn Gold or Platinum status if you haven’t
held status with SPG in the last 5 years. Stay 9 nights to reach Gold or
18 nights to reach Platinum More… Register by Jun 30, 18
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