Re: Rogersbank Mastercard Pay with Rewards - Eligible Purchases?
You don't need to be a Rogers customer - you can get credits once a year, which is not much different from many cards, although it's not automatic. From the T&Cs.
You may also redeem your Rewards in the form of an annual statement credit to your Account by calling Rogers Bank at 1 855 775-2265. You must request an annual statement credit for each year that you wish to receive it by December 1st of that year. Annual statement credits will be awarded in January of the following year and the amount credited will be the total dollar value of the balance of your Platinum Rewards Account as of the date the credit is issued to your Account.
the credits earned can only be obtained if applied against Rogers purchases.
So there is no point in someone not a Rogers customer getting a Rogers mastercard ?
I don't know about most people, but rewards are not the primary purpose for me to get a credit card, although it's okay if that works for you. I have 3 credit cards. I never thought I would need a second one because I always pay my balance off each month, but I've been the victim of CC fraud a few times so getting a second one was necessary while waiting for a new primary one. Then I got suckered into a PC Mastercard for a bag of cookies, which I now only use for gas purchases. No harm in having multiple credit cards so long as they don't cost anything and you keep track and pay them off each month.
I don't know about most people, but rewards are not the primary purpose for me to get a credit card, although it's okay if that works for you.
Since there is no bonus for paying cash anymore if you can get a 1.5% reward for using your card and then paying it off by the due date ....it's not hard to accrue a $200-300 reward over the year . Even with a credit card it should not be about whether it costs YOU anything but how much THEY are going to pay YOU for your business .
Bummer about the fraud tho ....may karma bite the fraudsters hard .
@lnw18 ... maybe that info you read was not as uncomplicated as you thought .