Rogers Red World Elite® Mastercard®

Rogers Red World Elite® Mastercard®

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American Express® Aeroplan®* Card

American Express® Aeroplan®* Card

Apply Now

Rogers Red World Elite® Mastercard® vs American Express® Aeroplan®* Card: Which one is better?


Rogers Red World Elite® Mastercard®

Rogers Red World Elite® Mastercard®

5


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

American Express® Aeroplan®* Card

American Express® Aeroplan®* Card

3.3


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Finly Rebate

N/A

Rewards Breakdown

Annual Rewards

$720


First Year Bonus

$0


Annual Fee

$0


First Year Value

$720

Based on $2,000/mo average spending and assuming you have an eligible Rogers, Fido or Shaw service as the primary or level 1 authorized user. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$517

Air Canada Aeroplan®


First Year Bonus

$630

Air Canada Aeroplan®


Annual Fee

$120


First Year Value

$1,027

$397 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included

  • car insurance

    Car Rental Damage & Theft

    $65,000
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

  • travel accident medical

    Emergency Out of province Medical

    $1M, Up to 10 days
  • travel accident medical

    Emergency Medical Over 65

    $1M, Up to 3 days
  • cancel airplane

    Trip Cancellation

    $1,000/person, $5,000 maximum
  • pause

    Trip Interruption

    $1,000/person, $5,000 maximum

Insurance Included*

  • car insurance

    Car Rental Damage & Theft

    $85K, up to 48 days
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days, $1,000 per occurrence

  • hourglass timer

    Baggage Delay

    $500 (Aggregated with Flight Delay)
  • heart lock

    Travel Accident

    $500,000
  • burglar

    Hotel Burglary Insurance

    $500
  • hourglass timer

    Flight Delay

    $500 (Aggregated with Baggage Delay)

Extra Benefits

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only, complimentary visits not included
  • mobile phone wifi

    No Cost roaming

    5 days

Extra Benefits*

  • star fall

    Status lift

    Reach Aeroplan Elite™ Status sooner by earning Status Qualifying Miles and Status Qualifying Segments with purchases made on your account
  • luggage

    Free first checked bag

    Enjoy your first checked bag free (up to 23kg/50lb) for up to 9 people travelling on the same reservation on Air Canada®* flights
  • reward cup

    Extra points

    Earn points twice at over 150 Aeroplan partner brands
  • bed furniture

    Free Extra Night at Hotels

    Receive an extra night free for every 3 hotel nights redeemed with Aeroplan points
  • Amex logo

    Amex Experiences™

    Amex Experiences™: From music and movies, to specially curated dining and online shopping opportunities, stay connected with all that we have to offer from the comfort of your own home

Interest Rates

Purchase:

19.99%

Cash Advance:

22.99%

Interest Rates*

Purchase:

30% Annual2

Cash Advance:

30% Annual2

Annual Fee

$0

Annual Fee*

$120

Income Required

Min Personal Income:

$80,000

Min Household Income:

$150,000

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus

N/A

Welcome Bonus*

Earn 30,000 Aeroplan® points after spending $3,000 in purchases on your Card within the first 3 months. Plus, earn an additional 10,000 Aeroplan® points when you spend $1,000 in purchases in month 13.

Rewards Rate

  • 3% cash back on all U.S dollar purchases
  • 2% cash back on all regular purchases if you have 1 qualifying Rogers, Fido or Shaw service as the account owner
  • 1.5% cash back on all purchases if you do not have 1 qualifying service

Rewards Rate*

  • 2x Aeroplan® points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
  • 1.5x Aeroplan® points on eligible Dining and Food Delivery purchases in Canada
  • 1x Aeroplan® point on everything else

Loyalty Program

N/A

Loyalty Program*

Point Redemption Options

Not Applicable

Point Redemption Options*

  • Most Optimal

    flight plane

    Aeroplan® Flights

    2.1¢ / point
  • car rental

    Car Rentals

    0.9¢ / point
  • travel - plane

    Travel

    0.825¢ / point
  • online shop

    Merchandise

    0.75¢ / point
  • gift card

    Gift Cards

    0.72¢ / point

Is this card worth it?

This card is one of the best in Canada, especially if you are a Rogers, Fido, or Shaw customer. With those services, you can effectively get a 3% cashback rate, which is higher than what almost any other card offers, even those with annual fees! Additionally, for a no-fee card, you gain access to an extensive list of travel benefits, many of which are typically offered only with cards that have annual fees. Therefore, we recommend this card to anyone who meets the income requirements, even if you are not a Rogers customer!

Is this card worth it?

This card comes with the free checked bag benefit, which can save hundreds on a single trip for you and your family, more than making up for the annual fee of the card. In addition, the card helps you reach the next Aeroplan Status faster with spending on the card. However, if you don't have a specific use for these two benefits, there are many better cards in terms of benefits and rewards.

Pros

  • Voted the Best Cash Back Card in Canada for Rogers, Fido and Shaw customers by FinlyWealth.
  • Voted the Best No Annual Fee Credit Card in Canada by FinlyWealth.
  • There is no annual fee which is a notable benefit for a card with such high rewards. Most cards with slightly lower reward rates typically include yearly fees.
  • Many favorable benefits for travelers.
  • Many benefits, such as trip cancellation insurance, are only available on credit cards with an annual fee. It is rare to see these benefits on a no-annual-fee card!
  • Offers the flexibility to redeem cash towards Rogers, Shaw, or Fido services, potentially increasing your rewards.
  • The roam-like benefit is a benefit unique only to this card.
  • It is accepted at nearly all locations as it's a Mastercard.

Pros

  • Free checked bag benefit: Every checked bag might cost you $60 - $100 per person on a round trip. The amount you can save in a year if you travel a few times or travel with a few companions can easily be much higher than the annual fee of the card.
    If you are interested in a higher Aeroplan Status, the card helps you get there faster.

Cons

  • Harder to qualify due to the high credit score and income requirements.
  • Out of all possible travel insurances, this card is missing Baggage delay and Hotel Burglary insurance. If these two insurances are essential to someone, this card needs to be paired with another travel card to cover them.

Cons

  • The main reward category is only for Air Canada purchases. Unless you are a frequent Air Canada traveler, this reward category is not useful to most people.
  • The only other rewards category offered is for food, and it doesn't offer that high of a reward rate either.
  • In terms of insurance benefits, the types and coverage amounts provided are lower compared to other cards with a similar annual fee.

Legal


*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment. Check here for full details and current product information.
2 As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full. Payments must be received and processed by the date of the next monthly statement to avoid interest charges.

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