Balance Transfer

Balance Transfers are treated like a Cash Advance. Interest applies from the transaction date until the Balance Transfer is paid in full.

After the promotional period, any remaining balance transfer amount(s) will be charged interest at the regular annual interest rate for cash advances applicable to your account, until the amount is repaid in full. Please refer to your Cardholder Agreement for more details on how interest is charged and payments are applied to Cash Advances.

The minimum amount for a Balance Transfer to obtain the promotional interest rate is $500, but you can transfer any amount up to the full amount of your available credit limit (i.e. your credit limit less any: purchases, cash advances, or fees on your account). Note that “fees on your account” includes the 2% fee that is charged for each balance transfer, and is therefore deducted against your credit limit.

Interest on the balance transfer amount will be charged to your Rogers Bank account from the date of the balance transfer transaction up to the date the balance is paid in full. In addition, you may be charged interest to your non-Rogers bank account from the date of the balance transfer transaction up to the date the payment is posted to the non-Rogers Bank account. This could be approximately 3 to 5 business days.

During the promotional period, the regular annual interest rate for purchases will apply to purchase transactions. You will lose your interest-free grace period on new purchases unless you pay your entire balance in full (including the balance transfer amount and any balance transfer fee, if applicable). See your Cardholder Agreement for details on how interest is calculated.

If you do not make your minimum payment by the payment due date in any month during the promotional period, your Balance Transfer promotional interest rate will expire and the regular annual interest rate for cash advances applicable to your account will apply to any remaining balance transfer amounts.

The transaction will appear in your account within 5 days once it has been processed successfully. If you do not see the transaction in your Rogers Bank Account, please call us.