Brim Mastercard Review (Feb 2023)

December 21, 2022
Reviews
brim financial

The Brim Mastercard is a rewards credit card that offers valuable benefits without charging you annual and foreign transaction fees. With the Brim Mastercard, you can earn points on every dollar spent, and redeem them for generous rewards; you can also refer friends and earn up to 2,000 per referral.

The Brim Mastercard is accepted anywhere the Mastercard network is, and it's an excellent option for frequent travelers; you can earn points on purchases in Canada and abroad. You can also take advantage of complimentary benefits like worldwide access to the Boingo Wi-Fi network and basic insurance coverage, including purchase protection, mobile device warranty, event ticket protection, and more. 

What Is The Brim Mastercard?

The Brim Mastercard is a credit card issued by Brim Financial that allows cardholders to earn one reward point on every dollar of purchase. Brim Financial was founded in 2015 in Toronto, becoming one of the fastest-growing Canadian financial technology companies. It offers three credit cards: the Brim Mastercard, Brim World Mastercard, and Brim World Elite Mastercard. 

The Brim Mastercard has no annual or foreign transaction fees, which is best for deals and payments outside Canada. New cardholders are entitled to get a decent welcome bonus of $20 which may change over time. Additionally, frequent travelers can take advantage of Brim Mastercard’s complimentary Boingo Wi-Fi hot spots in over one million places worldwide. 

For a card with no annual fee, you can get insurance coverage for purchases, mobile devices, travel, and cancellation of event tickets. With the growing name of Brim Financial, it guarantees cardholders solid credit card security and payment flexibility using mobile apps.   

Brim Mastercard Features

Brim Mastercard has excellent offers for a no-fee card that benefits Canadians to earn from their purchases. It has valuable complimentary insurance coverage and a good amount of welcome bonus. Cardholders can also opt for contactless payment through various mobile apps. Check out the following features to determine if this card will fit your needs.

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#1 Earn 1 Rewards Points Without Annual Fees

With no annual fee, you can earn one reward point for every dollar you spend using the Brim Mastercard. The great thing about it is you can earn these points without capping or other requirements. It helps you maximize the potential to earn more to redeem rewards for shopping, food, groceries, travel, home, tech, leisure, gas, and health.

Moreover, each point you earn from the Brim Mastercard is equivalent to 1 cent, which is about 1% cashback. It offers both rewards and cashback to cardholders. Meanwhile, you can start redeeming rewards if they earn 100 points from their purchases.  

#2 No Foreign Transaction Fees With Complimentary Access To Boingo Wi-Fi Hotspots

If you are a frequent traveler, the Brim Mastercard offers complimentary access to various Boingo Wi-Fi hotspots in over a million locations worldwide. Aside from other features, it is the only perk you can get from this card. However, cardholders are also entitled to no foreign transaction fees from purchases made using this card. 

Most credit cards typically charge cardholders about 2.5% of fees for transactions made outside Canada. Individuals who often purchase things from other countries can avoid these charges using the Brim Mastercard. This is a rare offer given by a credit card without annual fees.

#3 Decent Basic Insurance Coverages For Cardholders

Not all credit cards provide insurance coverage to their cardholders. As for Brim Mastercard, you can get about five coverages knowing that it doesn’t have an annual fee. It is one of the enticing deals provided by this card. 

The insurance coverages you can get from using the Brim Mastercard are the following:

  • Mobile Device Insurance provides up to $500 worth of protection against loss, theft, or damage for mobile devices bought using the Brim Mastercard.
  • Event Ticket Protector Insurance offers up to $1,000 maximum coverage for unused event tickets due to circumstances.
  • Extended Warranty doubles the eligible purchases manufacturer warranty to another year with a maximum of $25,000 coverage for every cardholder.
  • Purchase Security Insurance gives 90 days of coverage for eligible purchases with $1,000 per occurrence.
  • Common Carrier Accident Insurance offers $100,000 coverage and $300,000 for insured individuals per accident. 

#4 Complimentary Mobile App With Real-Time Notifications And Lock Security Features

Cardholders are provided beneficial access to real-time purchase notifications every time their credit cards are used to make a purchase. It's one of the best ways to monitor and determine if your card is being used for fraudulent activities and unauthorized purchases. As such, you can prevent liabilities and other charges caused by these circumstances.

Another good complement to the real-time notifications of Brim Mastercard is the instant lock feature. You can automatically lock your card in one tap using your mobile phone to avoid potential exposure of your card to fraud activities. Other than this, you can also block foreign transactions and foreign purchases. 

#5 Track Your Purchases With Interactive Budgeting Tool and Spend Monitoring 

Using the Brim Financial Mobile App, you can easily monitor your spending, budget, and more. Brim Financial helps cardholders to check monthly expenses using the Brim Mastercard to prevent them exceeding their spending limits. It is an essential feature to control your budget and avoid overspending. 

Furthermore, you can download the Brim Financial mobile app from Google Play and App Store. It allows you to access your rewards, activities, spending, budget, and more. Additionally, you can use your Brim Mastercard through mobile payment apps such as Apple Pay, Google Pay, Samsung Pay, FitBit Pay, and Garmin Pay.

#6 Pay Purchases Through Flexible Installment Options

Brim Mastercard allows you to pay your purchases on an installment basis. With this beneficial feature, you can reduce your monthly payments on a particular purchase. As for this card, you can access this feature for purchases over $500 regardless of where you bought it.

You can choose the four installment options 12, 16, 20, and 24 months. You can set up installments easily online or through the mobile app. Additionally, Brim Financial offers a one-time installment fee that covers the installment term, which you can pay in the first month of the term.

#7 $20 Referral Bonus With free Supplementary Cards

Brim Mastercard allows you to earn a referral bonus with 2,000 points or $20 for each person you refer to activate the card. It is a valuable bonus that you can use to get high rewards points. More points are equivalent to more chances of redeeming excellent rewards. 

Meanwhile, Brim Mastercard provides free supplementary cards to its cardholders which you can give to your family members. Other credit card issuers typically charge additional cards, which is a hassle for cardholders. 

Brim Mastercard Pros And Cons

Pros

  • No annual fee for primary and supplementary cards.
  • Accessible to various mobile payment apps such as Apple Pay, Google Pay, Samsung Pay, FitBit Pay, and Garmin Pay.
  • No foreign transaction fees
  • Instant real-time notifications and lock security features
  • Pay eligible purchases through flexible installment options
  • $20 referral bonus for every individual who activates a card
  • Earn a point for every dollar spent

Cons

  • Less insurance coverage compared to other credit cards
  • Lowest earning rate compared to other Brim Financial credit cards

Brim Mastercard Pricing

The Brim Mastercard is the basic credit card issued by Brim Financial. The other two cards on the higher tier are the Brim World Mastercard and Brim World Elite Mastercard. This card provides a point for every dollar you spend which you can use to redeem various rewards options. It doesn’t have an annual fee for its primary and supplementary cards. Other fees you must know before you acquire this card are shown in the table below. 

Interest and FeesCost
Annual fees$0
Supplementary Card Fees$0
Purchase Rate19.99%
Cash Advance Rate21.50%
Foreign Transaction Transaction Fee0%
Balance Transfer Fee19.99% of the amount

You can access more details about the involved fees by contacting Brim Financial. Meanwhile, Brim Mastercard provides basic insurance coverage for purchases, travel, mobile device, and event tickets. Cardholders are also secured with Zero Liability Protection against fraud activities in their accounts. 

In Summary

The Brim Mastercard is one of the best no-fee credit cards in the market. Although it may lack various features, it offers excellent benefits that other no-fee credit cards do not provide. Frequent travelers can take advantage of its free access to Boingo Wi-Fi worldwide. 

Using this card, individuals who often have transactions outside Canada can avoid foreign transaction fees, typically 2.5%. You can get a rewards point for every dollar spent that you can use to redeem various options if you earn 100 points. You can use this card for convenient and contactless payment using mobile apps such as Apple Pay, Google Pay, Samsung Pay, FitBit Pay, and Garmin Pay.

Brim Mastercard FAQs

How much does the Brim Mastercard cost?

Brim Mastercard has no annual fee. It also offers free supplementary cards to its cardholders. 

Is the Brim Mastercard worth it?

Yes, the Brim Mastercard is worth it. With no annual fee, you are entitled to basic insurance coverages, no foreign transaction fees, free Boingo Wi-Fi access worldwide, and more. 

Is the Brim Mastercard safe?

Yes, the Brim Mastercard is safe to use. Cardholders are equipped with Zero Liability protection to prevent any liabilities if fraudulent activity occurs on their account. It provides instant lock features and real-time notifications to monitor and determine the activities made using the account. 

How does the Brim Mastercard Work?

The Brim Mastercard works similarly to other traditional rewards credit cards. You can use it to make purchases, and it offers 1 point for every dollar spent. You can use the collected points to reduce the costs of any purchase or transaction, or you can use them to acquire statement credit. 

Is Brim Financial a Canadian company?

Yes, Brim Financial is a Canadian financial technology company founded in 2015. It issues three credit cards: Brim Mastercard, Brim World Mastercard, and Brim World Elite Mastercard. 

How long does it take to get the Brim Mastercard?

It will take 48 hours for Brim Financial to process your documentation. They will notify you once it is finished and get your card activated. 

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