Thursday, July 28, 2016

Fido MasterCard Introduction

Rogers Bank is offering a new MasterCard, Fido MasterCard. It is no annual fee. You can earn 4% unlimited "cash back" rewards on all purchases in a foreign currency – from international websites to anywhere you travel abroad plus 1.5% unlimited cash back rewards on all purchases in Canadian dollars.

You can redeem your cash back rewards towards Fido goodies like:
  • a new phone
  • your monthly bill
  • accessories
  • online purchases in
You can also get up to $50 in cash back rewards as a welcome bonus: $25 on your first purchase. Plus $25 when you register your Fido bill for pre-authorized payments.

BTW, there is also some changes on Rogers Platinum MasterCard. Starting August 17 you will earn 4% cash back rewards on all your purchases made in a foreign currency – whether your purchase is made online or while travelling overseas. Sounds pretty good, right? BUT, starting October 19, 2016, the Rogers Platinum MasterCard will charge a 2.5% foreign currency transaction fee. So, the actual return for Rogers Platinum MasterCard on foreign currency purchases will decrease from 1.75% to 1.5% after Oct 19.