Mogo Pre-Paid Visa will offer Cashback soon | General financial discussion | Discussion forum

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Mogo Pre-Paid Visa will offer Cashback soon
November 7, 2018
7:15 pm
Forum Posts: 168
Member Since:
December 18, 2008
sp_UserOfflineSmall Offline

Mogo will be launching a cash back feature soon.

3% cashback on foreign transactions (-2.5% conversion fee)

1.5% cashback on all other purchases

From the website

The MogoCard Cashback feature is currently in development and not yet available to existing or new MogoCard holders. The final product, including the cashback rates displayed here, may differ from the description and images contained on this site.

The MogoCard Cashback feature will be offered to MogoMembers by invitation.

Mogo will charge a 2.5% foreign exchange transaction fee when you use your MogoCard with Cashback feature for transactions in a currency other than Canadian dollars. If you use your MogoCard with Cashback feature for a transaction that is submitted to the Visa networks in a currency other than Canadian dollars, Visa will convert the transaction amount into Canadian dollars using its currency conversion procedure. If a transaction that is initially in a foreign currency is converted before it is entered into the Visa network, the conversion rates and fees of the company or companies that did the conversion(s) will apply. It is possible that multiple currency conversions will be completed before your transaction instruction is received and processed. The transaction amount received in Canadian dollars and charged to your MogoCard with Cashback feature may include fees charged by others involved in processing the transaction.

November 8, 2018
7:37 pm
Forum Posts: 567
Member Since:
January 3, 2013
sp_UserOfflineSmall Offline

Never heard of Mogo but thanks for sharing.

November 12, 2018
5:23 am
Top It Up
Forum Posts: 1298
Member Since:
December 17, 2016
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Mogo Cards are owned and issued by People's Trust Company. People's also own and issue the STACK and KOHO branded cards.

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