Balance Transfer

Balance transfers are treated like a cash advance. Interest applies from the transaction date until the balance transfer is paid in full.

No, if you do not pay off your amount due in full (which includes the balance transfer amount and the balance transfer fee) by the payment due date, interest will be charged on the fee at the regular annual interest rate for purchases from the date the fee is posted to your account.

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 (i.e. your credit limit less any: purchases (including authorizations), cash advances, or fees on your account).

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 for up to 5 business days.

During the promotional period, the regular annual interest rate for purchases will apply to purchase transactions and the regular annual interest rate for cash advance and cash like transactions will apply to cash transactions.

In order to get an interest-free grace period on new purchases you pay your amount due in full (including the balance transfer amount and any balance transfer fee, if applicable).

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 payment/transaction should appear on the account that you are paying within 5 business days once it has been processed successfully. If you do not see the payment applied to the account you are paying within 5 days, please call us.

No, payments are allocated as set out in the Cardholder Agreement.