Wednesday, February 19, 2020

Upcoming Changes to Rogers WEMC

Effective June 2, 2020, Rogers Bank will be making some changes to your Rogers World Elite Mastercard Account. From my point of view, this is a really bad news!

You will earn:
  • 3% in cash back rewards on all your eligible purchases made in U.S. dollars (previously 4% on all eligible purchases made in any foreign currency)
  • 1.5% in cash back rewards on all other eligible purchases (previously 2% on Rogers products and services and 1.75% on all other eligible purchases)

NEW BENEFITS to enjoy including
  • Global WiFi for the Primary Cardholder

Plus, your Rogers World Elite Mastercard will continue to provide:
  • Comprehensive insurance benefits3 at no extra cost, including: Extended Warranty and Purchase Protection, Rental Car Collision/Damage, Out-of-Province/Out-of-Country Emergency Medical, Trip Interruption and Trip Cancellation.
  • Mastercard Airport Experiences: Enjoy access to more than 850 lounges in 400+ airports worldwide, as well as dining, spa and retail offers from select exclusive airport merchants, regardless of your class ticket or airline.
  • No annual fee.
  • No limit on the amount of cash back rewards you can earn.
  • The freedom to use your cash back rewards towards any purchase – anywhere Mastercard® is accepted.

Besides, a new requirement for your Rogers WEMC: Starting June 2, 2020, Rogers World Elite Mastercard accounts must have an annual minimum spend (i.e. the total of Purchases made,
less any Purchase returns) of at least $15,000 posted to the Account during each annual review period in order to maintain your eligibility for the Account. An annual review period commences on August 1st of a year and ends on July 31st of the following year, with the first annual review period commencing on August 1, 2020. If you have not maintained the annual minimum spend during an annual review period, we reserve the right to switch the Account to another Rogers Bank credit card product on or after November 1st in the next ensuing annual review period without any impact to the rewards earned up to the date of the switch. This means that you may lose the insurance coverages and other premium benefits that are exclusive to the Rogers World Elite Mastercard account and that you will be switched to the new card's Rewards program. Accounts open for less than 18 months prior to the end of any annual review period will not need to meet the annual minimum spend requirement for that annual review period. You will retain the full value of your Rewards earned prior to June 2, 2020.