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Brim Financial MasterCard
September 1, 2018
1:26 pm
Peseta
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I was looking online to see if Brim had started issuing credit cards and this is the article I came across. Has anybody had any good/bad experiences with Brim? I was hoping to apply, but after reading this article I am not so sure I'm prepared to give them my business.

https://www.moneywehave.com/what-the-f-is-going-on-with-brim-financial/

September 1, 2018
1:35 pm
Top It Up
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THIS is what seems to be stirring up the "hate" for Brim on RFD, among other things-

“For foreign currency transactions, the rate will be the exchange rate posted by Brim on its Website on each business day and applied at the time of the posting of the Transaction (Mastercard exchange rates will be used for currencies for which the exchange rates are not posted by Brim on its Website)”

In plain English, that means that they will NOT use Mastercard’s exchange rate. By posting their own exchange rate, they can effectively hide any fees. If this is truly a no-fee card, why is there any need at all to use anything besides Mastercard’s exchange rate?

September 1, 2018
2:05 pm
julio
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I tried to find the exchange rates THAT are posted by Brim, that would attract the M/C exchange rates. This is what I found: "For foreign currency transactions, the rate will be the exchange rate set by Brim and applied at the time of the conversion, without additional surcharge."

September 1, 2018
2:48 pm
User230
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After reading quite about BRIM I will not be applying at this time. If they shape up more I might.

I can get what their cards offer from other cards and without the headaches.

September 4, 2018
2:17 pm
Jon
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I also discover that there are maximum 50 dollars of liability to fraud unlike other cards with zero liability as indicated on page 16 of cardmember agreement.

I totally agree with you User230, the installment program is unattractive due to the 7% one time charge are the 0.475% monthly processing fee; and the reward for the premium card is cap at $25000 of spending for a year. Therefore, despite I receive the card just now, I am not interested to activate it as my mix of Tangerine card, RBC cashback mastercard and my Roger card have ensure I get reward of more than the 1 % on all category of purchase.

That being said, this card is currently running promotion for UberEats where you can get $10.5 back as cash back on first order.

December 28, 2018
10:22 am
Bruford
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julio said
I tried to find the exchange rates THAT are posted by Brim, that would attract the M/C exchange rates. This is what I found: "For foreign currency transactions, the rate will be the exchange rate set by Brim and applied at the time of the conversion, without additional surcharge."  

I just received and activated my Brim Card today. I was mostly interested in it for the foreign currency transaction feature. I called Brim to find out what exactly was their foreign conversion rate. After a little bit of doublespeak, the agent eventually told me that Brim does not yet have their own conversion rate. Until they do, they will be using the Mastercard rate. She also told me that, when they do establish a rate of their own, all cardholders will be notified by email.

January 3, 2019
10:11 am
LeannWCain
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I have heard mixed reviews about Brim MasterCard. It would be better to wait for sometime. May be we get major number of positive views & that would be perfect time to grab Brim MasterCard.

January 3, 2019
1:07 pm
fabafter50
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We are currently in Mexico and have been using our Brim card for two weekssf-cool. The exchange rate was exactly what it was on XE.com. Not a penny more, plus we get the 1% back.

January 4, 2019
6:56 am
Bruford
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I made a Euro purchase on January 2 and the Forex rate is spot on the Mastercard currency converter rate for that day. Brim charged exactly the Mastercard rate and no added commission.

January 18, 2020
1:42 pm
harbottle
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Looking for a Brim referral code.

My Home Trust Visa doesn't give cashback on foreign purchases anymore so need a replacement card.

PM me.
thanks in advance

January 20, 2020
7:39 am
musicalmaestro
Ottawa
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Funny, I was just looking into this yesterday, and today I see if pop-up here on HISA.
Well, PM me too please for a referral.... I think it's time.

January 20, 2020
8:10 am
Shawguy
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musicalmaestro said
Funny, I was just looking into this yesterday, and today I see if pop-up here on HISA.
Well, PM me too please for a referral.... I think it's time.  

Sent you a pm. Thanks

January 20, 2020
8:13 am
Shawguy
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harbottle said
Looking for a Brim referral code.

My Home Trust Visa doesn't give cashback on foreign purchases anymore so need a replacement card.

PM me.
thanks in advance  

Sent you a pm

February 24, 2020
6:01 am
Save2Retire@55
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Going to bring this subject up again. I applied for Brim yesterday.
How are other's experiences so far with using it abroad?

With Rogers starting to be crappy, this will be a good replacement.

February 24, 2020
7:05 am
Bruford
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Abroad and in country, nothing but praises for this card. Easy to use, web page monitor and control awesome.

February 24, 2020
8:39 am
Save2Retire@55
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Bruford said
Abroad and in country, nothing but praises for this card. Easy to use, web page monitor and control awesome.  

Sounds good. I will probably reload it with $$ to withdraw if needed when abroad. No FX fees + $5 makes it cheaper than using any Debit Card ATM Withdrawal (Tangerine or Simplii). Tangerine $3 + 2.5% FX, Simplii min $5 + 2.5%

February 25, 2020
8:00 am
Briguy
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You might want to get both a Stack card for foreign no fee ATM withdrawals and Brim card for 1% cash back and no FX when shopping abroad. It's good to have 2 cards available for use while abroad in case one of them gets declined or eaten up by the ATM.

February 26, 2020
7:57 pm
Save2Retire@55
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Stack is not available for Quebec Residents and there is no time-frame for having it yet.

Of course I always travel with 2 CC and 2 Debit Cards 🙂

March 1, 2020
9:35 am
Peter
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I'm finally going to apply for the Brim card given the upcoming Rogers devaluation. Can someone please PM me a referral code? Thanks!

March 1, 2020
10:02 am
musicalmaestro
Ottawa
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PM Sent 🙂

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