Tangerine MasterCard about to get worse | Page 3 | Tangerine Bank | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Tangerine MasterCard about to get worse
May 11, 2017
3:38 pm
User230
Member
Members
Forum Posts: 148
Member Since:
December 4, 2016
sp_UserOfflineSmall Offline

Loonie said
The problem with Rogers, and I think with Fido, is that you are then bound to be a customer of theirs in order to redeem your points. Not for me. I suppose you could just use it to avoid the Forex, and in most cases you'd still be ahead of any other credit card reward
Let's hope Hubert is listening, but I'm not holding my breath.  

This is a misconception. Rogers and Fido can have their points redeemed once a year as a statement credit.

So, you can use the points as cash. It doesn't need to go against any bills from Rogers products.

May 11, 2017
4:20 pm
Shawguy
Member
Members
Forum Posts: 234
Member Since:
December 18, 2008
sp_UserOfflineSmall Offline

User230 said

This is a misconception. Rogers and Fido can have their points redeemed once a year as a statement credit.

So, you can use the points as cash. It doesn't need to go against any bills from Rogers products.  

This is true - I had no Rogers Products and I had a statement credit applied. I then closed the card.

May 11, 2017
4:28 pm
Loonie
Member
Members
Forum Posts: 6051
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

It's confusing
https://www.rogersbank.com/en/compare_cards
says
"Rogers Platinum MasterCard.
Redeem your cash back rewards towards:
Your Rogers, Fido or chatr monthly bill
•Purchases at Rogers or Fido branded stores or online at rogers.com and fido.ca
•Purchases at The Shopping Channel™
•Subscriptions to Texture™
•Toronto Blue Jays™ tickets
•Merchandise at Jays Shop™
•Concession foods at the Rogers Centre."
I would have thought "your monthly Rogers... bill" meant Rogers services such as cable etc., not Rogers Bank or Rogers MC, simply because it doesn't say that.
It sounds like perhaps people's experience has been that you can get cashback against the Rogers CC bill?

Fido uses similar language, and is also owned by Rogers Bank, but has no fee and pays 1.5% instead of 1.75 on Cdn purchases.
So, for foreign expenditures, you would be getting the same return with either card, but the Fido one is free and the Rogers Platinum is not.

Perhaps, through Rogers Bank being independent of Chase, the 4% return which covers the foreign transaction fee, will continue. However, I wouldn't count on Chase staying in the game.

Edited to add:
I just phoned Rogers Bank. I was told that the above quote applies to your Rogers bills such as phone, cable etc. If you do not have these services and want the actual cash, you have to wait til the end of the year. The credits accumulated in the previous year will appear on your January bill as a cash credit against purchases.

May 11, 2017
4:53 pm
Shawguy
Member
Members
Forum Posts: 234
Member Since:
December 18, 2008
sp_UserOfflineSmall Offline

Loonie said

Edited to add:
I just phoned Rogers Bank. I was told that the above quote applies to your Rogers bills such as phone, cable etc. If you do not have these services and want the actual cash, you have to wait til the end of the year. The credits accumulated in the previous year will appear on your January bill as a cash credit against purchases.  

Here are the Terms and Conditions for the Fido MasterCard (Rogers MasterCard has similar wording - see link below)

FIDO MASTERCARD
https://rogersbank.com/legaldocs/en/Fido_MC_Rewards_Terms_and_Conditions.en.pdf

ROGERS MASTERCARD
https://rogersbank.com/legaldocs/en/Platinum_Terms_Conditions.pdf

7. Redeeming Rewards

Rewards can be redeemed towards Eligible Purchases using MasterCard Pay with Rewards.

Rewards can be redeemed starting at $20.00 CAD. To redeem rewards, log into your Fido Rewards Account through http://www.RogersBank.com or through the MasterCard Pay with Rewards mobile application. The MasterCard Pay with Rewards mobile application may not be available on all devices, and is subject to additional terms and conditions. Once logged in, pre-select the MasterCard Pay with Rewards option, and your next Purchase made using your Card will be
paid with rewards from your Fido Rewards Account up to the full amount of your Eligible Purchase or the cash value of your Fido Rewards Account, whichever is less.

Only the Primary Cardholder is authorized to log into the Fido Rewards Account and redeem Rewards. The Primary Cardholder can elect, however, to have Rewards credited to his or her own Card, or to any Authorized User’s Card.

Reward redemptions are reflected as soon as the next business day in your Fido Rewards Account and, on a monthly basis, as credits on your Fido MasterCard statement.

You may also redeem your Rewards in the form of an annual statement credit to your Account by calling Rogers Bank at 1 855 775-2265. You must request an annual statement credit for each year that you wish to receive it by December 1st of that year. Annual statement credits will be awarded in January of the following year and the amount credited will be the total dollar value of the balance of your Fido Rewards Account as of the date the credit is issued to your Account.

May 11, 2017
4:55 pm
Jon
Member
Members
Forum Posts: 326
Member Since:
August 9, 2014
sp_UserOfflineSmall Offline

Loonie said
Edited to add:
I just phoned Rogers Bank. I was told that the above quote applies to your Rogers bills such as phone, cable etc. If you do not have these services and want the actual cash, you have to wait til the end of the year. The credits accumulated in the previous year will appear on your January bill as a cash credit against purchases.  

Thanks for the inquiry, this actually make the card attractive to people that don't use Rogers and it actually have great reward!

May 11, 2017
6:11 pm
Loonie
Member
Members
Forum Posts: 6051
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

The woman on the phone didn't mention that you had to APPLY for your credit or the deadline. I hope that if you missed the deadline, it wouldn't mean you lost your credits for that year.

Yes, seems like a pretty good card all round. If you only want to use it for foreign exchange, you can get the free Fido version as the cashback is the same for both on foreign. And there are no cashback limits or "categories" to be bothered about. Good all-purpose substitute for Tangerine. I think the vast majority of people would be ahead overall with this card, compared to Tang. Tang does include Purchase Insurance and extended Warranty, but those are not worth much. I have never used either of them on any card.

May 13, 2017
5:11 pm
Norman1
Member
Members
Forum Posts: 3060
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

Loonie said
The woman on the phone didn't mention that you had to APPLY for your credit or the deadline. I hope that if you missed the deadline, it wouldn't mean you lost your credits for that year.

I think the only thing lost is that one opportunity to redeem one's reward points as a statement credit that coming January. The reward points will still be there.

If one had missed calling in by December 1, 2016 for a January 2017 statement credit, then one will have to wait for the next opportunity in January 2018.

Procedure to redeem the points for Eligible Purchases is different. One needs to sign in, before making the purchase, to indicate that the next Eligible Purchase is to be paid, at least in part, with reward points:

To redeem rewards, log into your Fido Rewards Account …. Once logged in, pre-select the MasterCard Pay with Rewards option, and your next Purchase made using your Card will be paid with rewards from your Fido Rewards Account up to the full amount of your Eligible Purchase or the cash value of your Fido Rewards Account, whichever is less.

May 13, 2017
8:14 pm
Loonie
Member
Members
Forum Posts: 6051
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Rogers may want to get rid of its liability annually. I wonder if there's a reminder with the November bill, to cash in.
Is there anything in writing about possible carry over?

May 13, 2017
11:22 pm
Norman1
Member
Members
Forum Posts: 3060
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

I think this, from Section 11 of the program terms, implies that the rewards points don't all expire at the end of each calendar year. The points also become redeemable as a statement credit after death of the primary cardholder:

11. Miscellaneous

Rewards do not expire as long as your Account remains open. Fido Rewards can only be redeemed if your Account is in good standing.

…. If the Primary Cardholder dies, any Rewards earned on the Account will be credited to the Account on the Statement issued after Rogers Bank is made aware of the Primary Cardholder’s death, unless the surviving spouse is an Authorized User and he/she applies to become and qualifies under Rogers Bank’s standard credit criteria as the Primary Cardholder within 60 days after Rogers Bank is notified of the Primary Cardholder’s death. …

May 15, 2017
11:35 am
Loonie
Member
Members
Forum Posts: 6051
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Jolly decent of them to allow inheritance. I can't think of any other that does this.
These cards should be very attractive to a number of people.sf-smile

No permission to create posts

Please write your comments in the forum.