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Email this9:36 am
May 20, 2016
Offline
Do we need to calculate the annual spending ourselves? Also, is the annual spending based on the calendar year (January 1 to December 31), or is it calculated based on statement dates from January to December?
9:47 am
April 6, 2013
Offline
The notice says Annual Spend will be calculated on the account's open-date year, not counting any spending before August 4, 2026:
Effective as of August 4, 2026, your Annual Spend will be set to zero (0) solely for the purpose of determining which cash back earn rate applies to your Account. Thereafter, your Annual Spend will reset on either: (i) the anniversary date of your Account’s opening (if you have never switched between Cards); or (ii) the anniversary date of your product switch (if you have switched between Cards). Please note that if your Annual Spend exceeds your Annual Cap, you are eligible to request a product switch to a different Card with a higher Annual Cap that better suits your needs. The Rogers Red World Legend Mastercard does not have an Annual Cap.
Annual Spend means the total dollar amount of Eligible Purchases posted to your Account during each Annual Spend Period, less the total dollar amount of Credits applied to your Account during the same Annual Spend Period.
Annual Cap means $61,000.
Annual Spend Period means: (i) if you are a new customer of Rogers Bank, the period commencing on each anniversary date of your Account’s opening and terminating immediately prior to the subsequent anniversary date; or (ii) if you are an existing customer of Rogers Bank who has switched to a Rogers Red Mastercard, the period commencing on each anniversary date of your product switch and terminating immediately prior to the subsequent anniversary date.
