Rogers Bank Is Killing Its 1.5x Redemption Bonus and Cardholders Are Furious
Rogers Bank is making major changes to its credit card rewards program, including the removal of its popular 1.5x redemption bonus for Rogers, Fido, and Shaw services.
According to an update on the Rogers Bank website (the legal fine print), the changes will take effect on November 18, 2026. Under the new rules, cash back redemptions will revert to a standard rate of 1 point per $0.01 across all purchases, even when applied to eligible Rogers bills. Currently, cardholders who subscribe to a Rogers, Fido, or Shaw service earn 2% cash back and can boost that value to 3% when redeeming rewards directly against their monthly bill.
To replace the redemption bonus, Rogers Bank is introducing a flat 5% cash back rate specifically for eligible Rogers purchases. But, general everyday spending will default to a straight 2% cash back rate for eligible service subscribers.
The update also includes changes to card benefits and insurance perks. The five free Roam Like Home days benefit will be replaced by an annual roaming credit starting on January 12, 2027. Also, another change is insurance coverage such as Trip Cancellation, Trip Interruption, and Trip Delay will no longer be included on cards like the Rogers World Elite Mastercard. That’s a big ouch for people who liked this credit card travel coverage.
The announcement has sparked some pretty heated discussion among cardholders on Reddit, with many looking into alternative no-fee options like the Wealthsimple Visa (sign up here for a free $25 bonus) to maintain competitive cash back rates on daily spending.
Are you going to be affected by these changes to Rogers Mastercards?
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Those people should have known better than to trust that company. Unfortunately, I have made that mistake twice. Second time was with Fido, since a condo, where I lived in the past, had only cable internet available. It took me over a year to get my money back and I had to involve CCTS when I moved into a house.
Conflating a personal billing dispute with a telecom provider with credit card rewards restructuring is fundamentally flawed. Cardholders never used the Rogers Mastercard out of blind trust; they used it as a straightforward financial calculation to secure an effective 3% return on everyday expenses and bill credits. Reward programs across every major bank get devalued once acquisition targets are met. Comparing standard loyalty adjustments to a CCTS complaint completely misses the point.
The privileged/upper middle class are whining AGAIN! Many can’t afford to live in a house, but that doesn’t phase you one bit.
what does you being poor has to do with this? What a crazy person
Apparently you are not poor enough since you have wifi. Rogers thank you for using their wifi to whine about privileged/upper middle class.
I started with Rogers bank because their credit card had 0 percent premium foreign exchange at one point but they got rid of that a long time ago. Only reason I still have the card is because it is a mastercard and Costco only takes mastercard. I certainly don’t use it for Rogers products either, I dropped them as my cell carrier for being too greedy and expensive. I only use it at costco now.
Today is October 2. The 1.5X cashback is already gone. (I thought it’s Nov 18)