jorno319 said

Through online banking, the option to switch to a different savings account is available when you click on your credit card account and select "Rewards and Benefits" then "Change Categories". Your current category options are displayed. Keep them the same or make changes. Select Next. "Deposit To..." is listed at the bottom of the next page. Make your changes there.  

Ah! Pretend to change categories, skip past and the the account. I just tried that in the android app. Error! I then went to Chrome on my desktop PC. Same Error!

cgouimet said

I'd still like the ability to switch to a different savings account  

Through online banking, the option to switch to a different savings account is available when you click on your credit card account and select "Rewards and Benefits" then "Change Categories". Your current category options are displayed. Keep them the same or make changes. Select Next. "Deposit To..." is listed at the bottom of the next page. Make your changes there.

Norman1 said

The redemption bonus shown in the app is one's reward balance multiplied by 1.5. The value just projects what the reward balance would be worth if it were all applied against certain Rogers-related purchases.

Which is what was said (or at least meant) in my post. The point is the amount of the Rogers/Shaw bill limits the amount of redemption to the amount owing on the bill.

Every month I look at my reward balance and my Rogers/Shaw bill to determine how much can be applied to that bill.

jorno319 said

Keep in mind that your third money-back category requires your cash back reward deposited into a Tangerine savings account. If you switch to a statement credit, you will very likely revert back to two money-back categories.  

I do understand that. I'd still like the ability to switch to a different savings account

cgouimet said
What's interesting is I don't see a way to change that to another TNG Savings or to a statement credit.  

Keep in mind that your third money-back category requires your cash back reward deposited into a Tangerine savings account. If you switch to a statement credit, you will very likely revert back to two money-back categories.

AltaRed said

…

Added: I am pretty sure one of the T's and C's is that one is limited to the value of the bill for any redemption bonus, e.g. no more than $100 on a $100 Rogers/Shaw bill.

The redemption bonus shown in the app is one's reward balance multiplied by 1.5. The value just projects what the reward balance would be worth if it were all applied against certain Rogers-related purchases.

If one redeemed reward balance against a $100 charge for a Rogers bill, then one's reward balance will be docked $66.67 for the $66.67 x 1.5 = $100 credit to the Rogers card.

With $100/month = $1,200/year of Rogers-related spend, one would be able use up $1,200 / 1.5 = $800 of reward balance a year. That would be for up to $40,000 of charges each year that one would receive 3% reward for.

BTW, the Wealthsimple VISA card has no FX fees and offers 2% cash back. It also has no annual fees if you have $100,000 invested or a monthly automated deposit for payroll or pension.

I agree with Norman1 that it was never a 3% card in the first place if one didn't have Rogers/Shaw monthly bills to use the entirety of the bonus each month.

Added: I am pretty sure one of the T's and C's is that one is limited to the value of the bill for any redemption bonus, e.g. no more than $100 on a $100 Rogers/Shaw bill.

davidgeorge said
Interesting. I have a $1,650 Rogers Redemption bonus. If I use the full $1,650 to overpay my Rogers services account, I would lose the 5% cashback on that amount, which is $82.50 ($1,650 × 5%). However, if I don’t use the $1,650 Rogers Redemption bonus, its value will be reduced to $1,100 ($1,650 × 2/3) after November 18, 2026.

The $1,650 reward was never there. Only the $1,100 was.

If the rewards one was earning with the Rogers Red World Elite Mastercard outpaces one's Rogers-related purchases, then the card really wasn't a 3% reward card.

I wouldn't overpay my Rogers services by $1,650 unless that was only a few months worth of services.

Hmm said

Another brief discussion centres around FX fees and how Rogers Red remains the best for no fee FX cards even when the change takes place.  

Somewhat exaggerated? It's okay for USD transactions, otherwise it's not great, just don't do refunds in foreign currencies. Pick a true no FX card like Home Trust if you think you might need to do a refund, ie, hotel reservations,etc,.

What's interesting is I don't see a way to change that to another TNG Savings or to a statement credit.

Open credit card page in your account, then open Rewards and Benefits.
There, it says for me: "Your Money-Back Rewards are currently redeeming to your Savings".

The Tang CC 2% cashback earned each month is posted as statement credit. I have no issues with Tang CC for many years until 2026. They just stopped posting cashback reward earned like they used to. The monthly statement still tells me how much I earned for the purchases but the cashback amount is just nowhere, including my savings account.

I reported this problem to the bank. They almost immediately gave me back the missing cashback as a one time credit to my savings account. But, the problem remains. That means I have to call them each month to actually get the cash back.

There's mixed and confusing advice. One of the popular "jabs" to Rogers is to overpay your Rogers services account eg. Mobile, TV, Internet by a few thousand dollars. Then go to your Rogers Mastercard account and redeem the rewards for that overpayment now for 3% toward Rogers services.

Another brief discussion centres around FX fees and how Rogers Red remains the best for no fee FX cards even when the change takes place. I don't understand personally. Rogers charges a 2.5% FX currency fee so when "doomsday" arrives, you will pay 0.5% for the FX currency fee charge. There are other options like PC Financial Mastercard debit or EQ Debit Mastercard with no FX fee. Of course, there's Home Trust Visa too.