Equal Payment Plans

Monthly payments are 50% lower over 48 months compared to financing a phone at full price with $0 down through a Financing Agreement with Rogers Communications Canada Inc. over 24 months without Save & Return and/or promo credits.

No, you do not need to be a Rogers Mobile customer to be eligible. However, you must have a Rogers Bank credit card to pay for the eligible purchase in a Rogers-branded store. You can apply for a Rogers Bank credit card in a Rogers-branded store and based on credit approval, immediately add your card to a mobile wallet to pay for your purchase and convert it to an Equal Payment Plan.

A representative will submit the request form to convert the eligible purchase to a 0% Equal Payment Plan at the time of purchase in a Rogers, Fido or Shaw store, or in a third-party retail location, participating in the 0% EPP program.

It may take up to 10 days to process your Equal Payment Plan after submitting the request form. You will receive an email once your request has been processed. If it has been more than 10 days since you submitted your request, please check your spam folder. If you are still experiencing issues, please call 1 855 775-2265 and one of our representatives will be happy to assist you.

If it has been more than 10 days since you submitted your request, please check your spam folder. If you did not receive the confirmation email, please call 1 855 775-2265 and one of our representatives will be happy to assist you.

If you receive a credit for an eligible purchase after it has been converted to an Equal Payment Plan (i.e. due to a refund or exchange of the purchase), it will be applied to your balance as set out in the Rogers Bank Cardholder Agreement and Equal Payment Plan Terms and Conditions. A credit or refund for an eligible purchase will not automatically cancel the associated Equal Payment Plan.

We are unable to change the payment term once the purchase has been converted to an Equal Payment Plan.

You cannot convert an eligible purchase to a 0% Equal Payment Plan through online banking or the Rogers Bank app. You must request a conversion with a representative at the time of purchase in a participating Rogers, Fido or Shaw store, or in a participating third-party retail location. If your request includes incorrect information or you do not meet the eligibility criteria, your request may be declined.

Rogers Bank cannot convert a purchase to an Equal Payment Plan if the transaction amount exceeds the outstanding balance on the account. If you make a payment or a credit is issued, the outstanding balance on the account will be reduced. A Rogers Bank customer service representative may attempt to contact you to discuss converting the remaining balance of the purchase to an Equal Payment Plan.

Yes, you can finance other purchases that were not made in a Rogers, Fido or Shaw store, or in a participating third-party retail location.

Please sign in to online banking at rogersbank.com and select the Transaction tab to see if your purchase is eligible and what terms and interest rates are available. You cannot convert an eligible purchase to an Equal Payment Plan through the Rogers Bank app.

You may only convert an eligible purchase during the same statement period the eligible Purchase was posted to the account.

If you wish to cancel an Equal Payment Plan, you can do so by paying your account balance in full or by calling us at the number on the back of your Card to request cancellation.

No, only the primary cardholder is able to convert a purchase into an Equal Payment Plan.

You cannot convert an eligible purchase to an Equal Payment Plan using the Rogers Bank app.

Participating in an Equal Payment Plan does not change your credit limit (Note: the amount of the original Purchase is deducted from your available credit).

Participating in an Equal Payment Plan has no impact on any cash back rewards that you may have already earned on an eligible Purchase.

If you do not pay the minimum payment in full by the payment due date in any month, we will charge interest on the unpaid portion of the monthly Equal Payment Plan payment at the regular annual interest rate for Purchases that is applicable to the account, starting on the first day of the next monthly statement period after the missed minimum payment. Interest is added to the account at the end of each statement period.

If an Equal Payment Plan is cancelled in any statement period after the Purchase has been converted to an Equal Payment Plan, the outstanding principal balance of the Equal Payment Plan will be charged interest as per the regular annual interest rate for Purchases applicable to the account, from the day after the cancellation request is processed to the end of the statement period.

If you receive a credit for an eligible Purchase after it has been converted to an Equal Payment Plan, it will be applied to the Balance as set out in the Rogers Bank Cardholder Agreement.

Interest is calculated and charged as follows:

1. From the date of the Purchase to the date the eligible Purchase is converted to an Equal Payment Plan, interest will be calculated and charged on the Purchase as per the Rogers Bank Cardholder Agreement at the regular annual interest rate for Purchases that is applicable to the account. If your eligible purchase has been converted to a 0% Equal Payment Plan for Rogers, Fido or Shaw purchases, you will not be charged any interest (for greater clarity, if any interest is charged, you will receive a statement credit off-setting any such interest charge).

2. During the term of your Equal Payment Plan (that is, from the date the eligible Purchase is converted to an Equal Payment Plan until the Equal Payment Plan ends), interest will be calculated on the outstanding Equal Payment Plan balance in accordance with Section 4 of the Equal Payment Plan Offer Terms and Conditions at the annual interest rate you agreed to when you requested conversion of the eligible Purchase to an Equal Payment Plan. The applicable “daily interest rate” is the annual rate of interest that applies to the Equal Payment Plan balance divided by the number of days in the year (365 days, except in a leap year when it is 366 days). The “average daily balance” for your Equal Payment Plan is the sum of all daily balances for the Equal Payment Plan in the statement period divided by the number of days in the statement period. Interest is calculated at the end of each statement period for your Equal Payment Plan by multiplying together the daily interest rate, the average daily balance and the number of days in the statement period.

3. For the first statement period after the eligible Purchase is converted to an Equal Payment Plan, interest is calculated from the date of the conversion to the end of the statement period and is charged at the end of the second statement period along with the interest due on that second statement. Your statement will show the monthly payment due, which includes the principal amount plus an estimate of the interest amount for each Purchase which has been converted to an Equal Payment Plan. The actual monthly interest amount accrued to the account may sometimes be lower than this estimate. As a result, your final monthly payment may be less.

We do not charge interest on an Equal Payment Plan during a statement period if we receive payment in full of the Balance by the payment due date for the first statement on which the Equal Payment Plan appears.

When you convert a purchase to an Equal Payment Plan, there is an adjustment made to your account to move the transaction from a ‘purchase’ to an ‘Equal Payment Plan’. As a result, you will see three transactions on your statement: the original purchase transaction, a credit to remove the transaction amount from your ‘purchases’ and a debit to set up the transaction amount as an Equal Payment Plan.

For example: You make a purchase on June 9^th at amazon.ca for $575. You convert the purchase to an Equal Payment Plan with the plan name ‘Amazon Purchase EPP’. This is what you will see on your July statement.

To ensure cardholders with pre-authorized debits can benefit from Equal Payment Plans, the ‘paid in full’ calculation will now be based on ‘Amount Due’. Amount Due means the new Balance as shown on your current statement, less any payments posted to your account before the payment due date, and less any outstanding promotional Balance Transfer or Equal Payment Plan balances on the account that are not yet due.