If you’re using a Rogers or Fido Mastercard to take advantage of cash back and foreign exchange perks, changes are coming to both cards, effective on May 23, 2018.
The Rogers Platinum Mastercard, as of today, has eliminated their $29 annual fee. For those who paid over the last year, a prorated credit will be applied to accounts by the end of 2018.
For those who sought the 4% cash back reward on foreign currency purchases both online and at retail stores, that is now 3%. Usually there is a 2.5% conversion fee charged by credit card companies, so customers now only net 0.50%.
The cash back on Rogers purchases is changing from 1.75% to 2%, however cash back on all over purchases is decreasing from 1.75% to 1.25%.
Fido Mastercard Has Similar Changes to Cash Back
As for the Fido Mastercard, which launched in 2016, the Account Maintenance Fee has been eliminated (only applied to those who had no transactions for 12 months), while foreign currency cash back also decreases from 4% to 3%, like the Rogers Platinum card.
Cash back for Rogers purchases increases from 1.5% to 2%, while cash back on all other purchases sees a drop from 1.5% to 1.25%.
To date, both the Rogers and Fido Mastercard still do not support Apple Pay.