Equal Payment Plans

Get a new phone and lower your monthly payments by up to 50% with 0% interest without a mobile contract with a Rogers Credit Card.*

* Over 48 months with Equal Payment Plan opt-in, compared to 24 month financing at full price.

• Customer must have a Rogers Bank credit card (includes:Rogers Mastercard, Rogers Platinum Mastercard, Rogers World Elite Mastercard and Fido Mastercard)
• Purchases of phones and accessories over $250 (all items on receipt, including taxes) in a Rogers, Fido or Shaw-branded store using a Rogers Bank credit card
• Purchase must not exceed the available credit on the credit card account
• Excludes residents of Quebec
• Must be accepted by the primary cardholder by submitting the request form at rogersbank.com/48months within 3 calendar days of making the eligible purchase
• Account must be in good standing
• You must have less than 6 Equal Payment Plans on your Rogers Bank credit card account
• The outstanding balance on your account must be equal to or greater than the amount of the purchase

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 3 transactions on your Rogers Bank statement:
(1) the original purchase transaction;
(2) a credit to remove the transaction amount from your ‘purchases’, and;
(3) a debit to set up the transaction amount as an Equal Payment Plan.
For example: You purchase your iPhone 14 for $1278.03 at a Rogers store on August 28, 2023. You convert the purchase to an Equal Payment Plan for 0% at 48 months. This is what you will see on your September statement.

Any purchase of a phone and/or accessories over $250 made in a Rogers-branded store is eligible. All items on the purchase receipt (including taxes) will be converted to the Equal Payment Plan.

Monthly payments are 50% lower compared to financing a phone at full price with $0 down through a 24-month financing agreement with Rogers Wireless without Upfront Edge and/or promo credits.

You must be an existing Rogers Wireless customer to be eligible for trade. Otherwise, you must have a Rogers Bank credit card to pay for the eligible purchase in a Rogers-branded store. If you are an Apple user, you can apply for a Rogers Bank Mastercard and based on credit approval, immediately add your card to an Apple Pay mobile wallet to pay for your purchase and convert it to an Equal Payment Plan.

A Rogers 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-branded store.

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 less than 10 days since you submitted your request, please monitor your inbox for a confirmation email. 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 Customer Care agents will be happy to assist you.

If it has been less than 10 days since you submitted your request, please monitor your inbox for a confirmation email. 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 Customer Care agents 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 Rogers 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 and/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 are not able to convert an eligible purchase to a 0% Equal Payment Plan through online banking or the Rogers Bank app. You must request conversion with a Rogers representative at the time of purchase in a Rogers-branded store. If your request includes incorrect information or you do not meet the eligibility criteria, your request will be declined.

Rogers Bank cannot convert a purchase to an Equal Payment Plan if the 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 (up to 3 times) to discuss converting the remaining balance of the purchase to an Equal Payment Plan.

Rogers Bank has Equal Payment Plan options for both Rogers and non-Rogers purchases. For purchases made outside of Rogers, you must log in to your online banking account at rogersbank.com and select the Transaction tab to see if your purchase is eligible and what terms and interest rates are available. Rogers Bank will not accept requests to convert a non-Rogers purchase to an Equal Payment Plan.

Equal Payment Plans are only available:

1. for certain eligible Accounts deemed by us to be in good standing at the time the Equal Payment Plan is processed;
2. for certain eligible Card types and for certain eligible Purchases of $250 or more;
3. up to a maximum of six (6) Equal Payment Plans per Account at any time; and
4. to non-Quebec residents; and
5. if the amount of the transaction you wish to convert to an Equal Payment Plan is less than the outstanding balance of your Account.

Moving to the province of Quebec: If you have an active Equal Payment Plan on your account and have subsequently moved to the province of Quebec, you will continue to have access to your existing Equal Payment Plan within the ‘Manage your Equal Payment Plan’ tab of your online banking account until the Equal Payment Plan has been paid in full.

Moving from the province of Quebec: For a purchase to be deemed eligible for an Equal Payment Plan, the purchase must meet the conditions above and be made after moving from the province of Quebec to another province within Canada.

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

Once a transaction has been converted to an Equal Payment Plan it cannot be refunded. If you wish to cancel an Equal Payment Plan at any time, you can do so by paying off the outstanding balance of the Equal Payment Plan before the term expires.

Yes, the Primary cardholder has access to all eligible transactions posted to their Online Banking Account, whether the transaction was made by the Primary cardholder, or by an Authorized User. The primary cardholder may convert any eligible transaction to an Equal Payment Plan.

You cannot convert a purchase to an Equal Payment Plan using the Rogers Bank app. Eligible purchases can only be converted to an Equal Payment Plan directly through the cardholder's online bank account at rogersbank.com.

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 limit).

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 particular 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.
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 this Section 4 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 3 transactions on your statement: (1) the original purchase transaction, (2) a credit to remove the transaction amount from your ‘purchases’ and (3) a debit to set up the transaction amount as an Equal Payment Plan.

For example: You make a purchase on June 9th 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 auto-pay 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.