Friday, March 16, 2018

March 16 Update: Rogers and Fido Mastercards being devalued, bonus Infinity MileageLand Miles out of YYZ/YVR & more

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:

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

Follow Rewards Canada:
LinkedIn Facebook Twitter Pinterest Google+ YouTube Instagram RSS Newsletter

No comments:

Post a Comment