 Hello everyone, this is financial author Amit Dhan of amitdhan.com On this channel you'll find financial travel and more videos just like the one you're watching right now. If you like what you see Let's give it a thumbs up and consider subscribing Hello everyone, this is financial author Amit Dhan of amitdhan.com Today I'll talk about Rogers World 8 MasterCard and this post is related to another post which I have about Rogers Platinum MasterCard and File of MasterCard and for that post I'll provide a link in the description box below For the rest of this video, which is about Rogers World 8 MasterCard I'll take you to my laptop screen and let's go from there. Thank you Hello everyone Rogers Platinum MasterCard account owners recently received this email from Rogers and it looks like that they're devaluing the Rogers Platinum MasterCard and some of the benefits actually they're transferring to the Rogers World 8 MasterCard and They're asking Rogers Platinum MasterCard account owners to upgrade to the Rogers World 8 MasterCard Rogers hasn't published anything yet publicly to about launching this new great card But if you read this email, it is obvious that Rogers is coming up with this new Rogers World 8 MasterCard Let's go through the letter and then we'll Know what types of benefits the card has and how does it compare with the prison choice World 8 MasterCard? I'll talk about that as well too. So the letter mentions that We're excited to announce that there will be a new Platinum premium great card, which is the Rogers World 8 MasterCard So as a valued valued Roger Rogers Platinum MasterCard account owner You're invited to take advantage of this offer if you qualify Then you'll be able to switch without any credit checking Before May 14th 2018th, so you have to accept this invitation before that date, which is May 14, 2018 now the Roger World 8 MasterCard is the high-end MasterCard and there's a Income requirement for that card, which is personal income $80,000 annually And household income $150,000 annually So you have to meet those income requirements in order to qualify this card or the switch So now they're giving some of the benefits of this card Let's take a look at that. So the Rogers World 8 MasterCard gives you access to a highest rate of cash back reverse Everywhere you shop with no caps or hidden fees plus there's no annual fee Earned for 4% unlimited cash back on all your purchases made in a foreign currency. So this is to be actually a Benefit of the Rogers Platinum MasterCard. Now, this is the converted to the World Elite MasterCard Earned 2% unlimited cash back reverse and Rogers products and services including your Rogers Fido or Charter monthly bill. So same thing here. The 2% is to be actually under Rogers Platinum And then there's the 1.75% unlimited cash back on all other purchases So that's the same thing here is to be under Rogers Platinum MasterCard. Now, they're moving this to Rogers World Elite MasterCard 1.75% return on a no-fee card is not bad Because you're paying an annual fee and you're getting 1.75% returns on all other purchases That's a pretty good cash back return Without paying him any annual fee. Now The thing is that this card actually has lots of insurance benefits Which even doesn't charge any annual fees That's where It differs from the present choice World Elite MasterCard. So if you look at these benefits They have extended warranty and purchase protection rental car, collision damage, out-of-province, out-of-country emergency medical, trip interruption and trip cancellation Now the PC World Elite MasterCard has emergency medical Which is for 10 days under 65 years old and It has I believe the world extended warranty and purchase protection and rental car as well But we're gonna take a look at that very shortly however, what the PC World Elite doesn't have is that the trip interruption and trip cancellation insurance and A free credit card is giving you these these insurances. It's just you know Really good because you're not paying anything, but you're getting a lot So your current annual interest rate and card holder agreement will apply. Your consent is required Please accept this invitation to switch to the Rogers World Elite MasterCard before May 14th, 2018 and I have a feeling that they're going to make this card public on or after this date Which is May 14th and right here it mentions that You receive your card in the mail before June 15th, 2018 Or it could be that you know, they're Publishing or making this card publicly available to everyone on or after June 15th Or it could be May 14th. So we're gonna have to wait to see now Let's go back to Prison Choice World Elite MasterCard and I'll just show you some of the benefits and insurances for that card So let's go back to a different screen. Okay, so here you're looking at the prison choice World Elite MasterCard benefits and features One of the main differences is that here in this card You're not getting any cash back instead. You're getting points and the maximum points You're gonna be getting for this card if you Purchase or buy stuff at shoppers drug drug drug Mart, which gives you 45 points per dollar spent Which translates translates into 4.5% return for purchases and if you are Doing shopping at any other PC stores, then it's gonna be 30 points, which is 3% And everywhere else 10% So with Rogers planet World Elite MasterCard, you're getting you're getting a 1.75% return on everything else and Here you're getting a 4.5% at shoppers 3% and 1% so that's the difference and then here same thing you're not going to be paying any annual fee and Let's take a look at the some of the benefits travel emergency medical insurance, which Rogers World Elite MasterCard also offers Carbontile coalition laws damage waiver insurance same here Rogers World Elite MasterCard has that identity theft assistant service and Rogers World Elite doesn't have that 24-7 concierge service. It looks like Rogers World Elite MasterCard doesn't have that and they haven't mentioned anything on the Rogers page or Email the sent to Rogers customers. However, they might have this featured concierge service They might be Publishing this later, but as of right now, it looks like they don't have any concierge service provided but PC World Elite has concierge service and Let's take a look here. I don't see anything else I can go through so here The main difference is that it's not giving you any trip cancellation trip interruption insurance with President choice World Elite MasterCard and with Rogers World Elite MasterCard you're getting those and Here with PC Master World Elite, you're getting a concierge service and it looks like Rogers World Elite does not have that and With PC World Elite if you buy Shoppers or Loblaws or other PC stores, they're going to get higher returns 4.5% to 3% and at everywhere else 1% And with Rogers World Elite MasterCard you're getting 1.75% cash back not points in points at everywhere else and For foreign purchases you're getting 4% Basically, it's offsetting the foreign currency compression fee, which is 2.5% will be charged by Rogers World Elite MasterCard. So in that sense Rogers World Elite MasterCard is a card You can use for online purchases and foreign countries for any other currencies than Canadian dollars So it's a it's a good card for traveling because you'll be saving on foreign currency because Although it's charging you 2.5% But it's giving you 4% return. So it's offsetting 2.5% Giving you a net return of 1.5% But with this card present choice World Elite you'll be charged 2.5% foreign transaction fee and This 1% return. I'm not sure it's going to you're gonna get that for foreign transactions But still if you do still you're going to be paying foreign currency Fee which is going to be going to be 1.5% But if it doesn't give you points in foreign transactions, then you're going to be paying 2.5% for foreign currency fee So these are the main differences for these two great cards now We're gonna have to wait and see what other Features Rogers World Elite MasterCard offer But as it looks like for a no annual trade card, it's not bad at all And it will be available to everyone. Actually, you don't have to be Rogers or Fido customers to apply and get that card However, if you have Rogers Platinum MasterCard and you meet the Income requirement, then you're able to convert to Rogers World Elite MasterCard by replying that email If you haven't received that email, then you can call Your customer service and ask them if you know they're giving you that opportunity to convert it to the World Elite MasterCard And remember that this is a World Elite Series MasterCard So any World Elite Series card, you'll have to meet this income requirement, which is 80 000 per Year personal and 150 per year household income or 25 000 annual spending So that's all for today. If you like what you see, please give it a thumbs up and consider subscribing and there will be more videos coming up So i'll see you shortly. Thank you