Last November, Rogers announced their Mastercard offerings would soon allow cardholders to redeem cash back rewards at anytime, instead of only once annually at year’s end.
Rogers Bank launched the new anytime cash back redemptions perk on February 26, 2019, according to an email sent out to customers.
The email explains, “Starting February 26, 2019, you’ll be able to redeem your Rogers Bank Mastercard cash back rewards anywhere Mastercard is accepted.”
In order to redeem your cash back rewards and apply them to purchases, Rogers Mastercard customers cam use the Mastercard Pay with Rewards iOS or Android app to do so, or the Rogers Bank online website.
Within the Mastercard Pay app, customers will be able to apply their cash back rewards “towards any eligible purchase you’ve made in the past 90 days,” with eligible transactions highlighted in yellow. The minimum redemption amount is $20, but customers can increase the amount in $1 increments. Redemptions can happen anytime. Rogers will also send out an email confirmation summarizing your cash redemptions.
Rogers further adds, “there’s no restrictions, rewards caps or blackout periods, and no points or math – dollar for dollar, what you earn is what you can redeem, anywhere you want.”
Depending on the Rogers Mastercard you choose, earn rates are 3-4% on forex purchases (minus a 2.5% forex fee); 2% unlimited on Rogers/Fido/chatr products and services, and unlimited 1.75% on all other eligible purchases. The cards do not come with an annual fee.