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The Rogers Platinum Mastercard now gives you 4% cash back on ALL foreign purchases and 1.75% cash back on all other purchases – the richest cash back rate for a no fee card in Canada. On $10,000 of foreign spend that’s $400 in rewards earnings. Other cards like the Marriott Rewards or Amazon Visa card (the Amazon credit card is no longer offered to NEW applicants in Canada as of April 3rd, 2017) waive the 2.5% foreign transaction fee, but only offer 1% in rewards or less.2 L0 H* h" W8 `2 ]
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The Rogers Mastercard foreign transaction subsidy is different than the Amazon or Marriott Rewards cards, but still offers significantly more value than either of those cards. Rogers offers 4% cash back on foreign purchases, but charges 2.5% in foreign transaction fees – the net cash back rate is thus 4% cash back – 2.5% fx fee = 1.5% in net cash back. The Amazon card used to offer 1% cash back with no foreign transaction fees, 1% cash back – 0% fx fee = 1% in net cash back. As a result, Rogers offers 50% more cash back than the Amazon Visa card. |
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发表于 2017-6-6 21:23
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