Brim MasterCard Review

3.00

$0.00

Annual Fee

$312.00

Annual Rewards

N/A

Intro Offer

$0.00

Annual fee

$312.00

Annual rewards

N/A

Intro offer


Pros


  • No foreign transaction fees
  • Earn rewards on all purchases
  • Points can be redeemed for statement credits
  • No annual fee
  • Includes free Boingo Wi-Fi access
  • Mobile device insurance coverage
  • Purchase protection and extended warranty

Cons


  • Limited acceptance outside of Canada
  • Weak customer support reported by some cardholders
  • Rewards rate is lower compared to some other cards
  • No travel-oriented perks like airport lounge access or travel insurance
  • Requires good credit to qualify

How you earn rewards

Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Brim MasterCard, here’s how you earn rewards:

Specific Stores7%
All Other Spend1%

How much your rewards are worth

The dollar value of your rewards depends on the specific Brim rewards program and what you choose to redeem your points for.

For Brim MasterCard in particular, if you spend $2,000.00 per month, here’s our estimated rewards earned depending on which reward you choose:

Calculating your annual rewards

$24,000.00 annual spending x $1.30% return on spending = $312.00 annual rewards

$312.00 annual rewards – $0.00 annual fee = $$312.00 net annual rewards

Details and eligibility

Do I qualify?
Estimated Credit Score660 – 724
Personal Income$15,000.00
Interest Rates
Purchase19.9%
Cash Advance21.5%
Balance Transfer19.9%
Fees
Extra Card Fee$0
Card typeMasterCard

Insurance coverage

Extended Warranty1 year
Travel Accident300000
Event Cancellation1000
Mobile Phone Insurance500
Price Protection Insurance90 days

Brim MasterCard Review

The Brim MasterCard credit card offers a unique rewards system to Canadian consumers, allowing them to make the most out of their spending in various categories. In this review, we will dive into the details of the Brim MasterCard, assess its earning potential, list four significant benefits and two notable drawbacks, and review other relevant factors to provide a comprehensive overview of this popular card.

Earning Potential with the Brim MasterCard

The Brim MasterCard allows cardholders to earn points on every purchase. The card earns one point per dollar spent on all purchases. Although the rewards rate does not vary by spending category, shoppers can still accumulate valuable rewards just by using their card consistently for everyday purchases.

Benefits of the Brim MasterCard

Benefit 1: One of the major advantages is the fact that there are no foreign transaction fees. This means users can enjoy a more cost-effective experience when shopping or travelling internationally.

Benefit 2: Boon Terms is a key feature of the Brim MasterCard, which offers flexible installment plans. Cardholders can pay off their balance in smaller monthly payments without incurring additional fees or interest.

Benefit 3: No annual fee is charged, allowing customers to take advantage of the card’s features without the burden of an ongoing expense.

Benefit 4: The Brim MasterCard offers a convenient mobile app for both iOS and Android users, enabling cardholders to access their account and manage transactions anytime and anywhere.

Drawbacks of the Brim MasterCard

Drawback 1: A major drawback of the Brim MasterCard is the lack of rewards and features tailored to specific spending categories, which might limit the earning potential for some users.

Drawback 2: The base rewards rate of 1 point per dollar spent is lower than many other credit cards in the market, making it less appealing for those who prioritize earning high rewards.

Additional Information

One extra point worth noting is that the Brim MasterCard provides users with a simple and straightforward rewards system, ensuring that customers can easily earn and redeem points without navigating a complex structure. This can be appealing to those who prefer a more streamlined approach to their credit card rewards.

In conclusion, the Brim MasterCard offers some useful benefits such as no foreign transaction fees, a modern mobile app, and easy-to-understand rewards system. However, it might not be the best option for those who primarily focus on maximizing rewards for certain categories or desire a higher overall earning rate. It’s essential to consider individual preferences and spending habits before deciding if the Brim MasterCard is the right choice.

Is the Brim MasterCard not convincing you? Consider the KOHO Essential Mastercard or the Triangle World Elite Mastercard. Still not the right credit card? Make sure not to miss the KOHO Extra Mastercard.

FAQ

With the Brim MasterCard credit card, you can redeem your points for a variety of rewards. These include:

  • Travel: Use your points to book flights, hotels, car rentals, or vacation packages through the Brim Travel portal.
  • Merchandise: Redeem your points for a wide array of products from top brands, including electronics, appliances, fashion items, and more.
  • Gift Cards: Use your points to purchase gift cards from popular retailers and restaurants.
  • Statement Credits: Apply your points towards your credit card balance to save on future purchases.
  • Charitable Donations: Contribute your points towards a charitable cause of your choice.

Please note that the value of points may vary depending on the selected redemption option.

The Brim MasterCard credit card has a distinct advantage over many other cards in that it does not charge foreign transaction fees. Foreign transaction fees are typically fees added by the credit card issuer when you make a purchase in a foreign currency or use the card internationally. These fees can range from 1% to 3% of your purchase amount, which can add up quickly during travels or when shopping from international merchants.

With the Brim MasterCard credit card, cardholders can enjoy fee-free foreign transactions, making it a cost-effective option for those who frequently travel or make purchases in different currencies. This not only allows you to save on additional fees but also offers a convenient and efficient way to manage your spending while abroad.

The Brim MasterCard credit card does not have a minimum income requirement, making it accessible for a wide range of applicants with various income levels. Unlike some other credit cards, the Brim MasterCard focuses on other eligibility factors to approve applicants.

Key benefits

  • 1% cash back on every purchase
  • 5% cash back in bonus categories (rotating quarterly)
  • $150 sign-up bonus after spending $500 within first 3 months
  • 0% introductory APR on purchases for 12 months
  • 3% balance transfer fee
  • 2% cash back on up to $1,000 in grocery store spending per quarter
  • No limit on the cash back amount earned
  • Cardholders receive access to Visa Signature Concierge service
  • $0 annual fee
  • Default interest rate of 14.99%-25.99% variable, based on creditworthiness
  • Free credit score monitoring available through online account access
  • Zero fraud liability and 24/7 fraud protection monitoring
  • Emergency card replacement and cash disbursement services

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