Rogers Red World Elite® Mastercard®

Rogers Red World Elite® Mastercard®

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AmericanExpress Gold Rewards Card®

American Express Gold Rewards Card®

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Rogers Red World Elite® Mastercard® vs American Express Gold Rewards 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

AmericanExpress Gold Rewards Card®

American Express Gold Rewards Card®

4.25


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

$619.03

American Express Membership Rewards


First Year Bonus

$1,260

American Express Membership Rewards


Annual Fee

$250


First Year Value

$1,629.03

$369.03 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
  • cancel airplane

    Trip Cancellation

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

    Trip Interruption

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

  • travel accident medical

    Emergency Medical Over 65

    $1M, Up to 3 days

Insurance Included*

  • car insurance

    Car Rental Damage & Theft

    $85K, up to 48 days
  • extended warranty

    Extended Warranty

    Up to 1 year
  • purchase protection

    Purchase Protection

    90 days, Up to $1,000
  • travel accident medical

    Emergency Out of province Medical

    15 days
  • cancel airplane

    Trip Cancellation

    $1,500 per person, $3,000 combined
  • pause

    Trip Interruption

    $1,500 per person, $6,000 combined

  • lost baggage

    Lost or Stolen Baggage

    $500
  • hourglass timer

    Baggage Delay

    $500 after 6 hour delay
  • heart lock

    Travel Accident

    $500,000
  • burglar

    Hotel Burglary Insurance

    $500
  • hourglass timer

    Flight Delay

    $500 after 4 hour 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*

  • Amex logo

    American Express® Experiences

  • star fall

    Status lift

    Hertz Gold Plus Rewards® loyalty program
  • reward cup

    Extra points

    Earn 2 points on Amex Travel Online purchases and extra points on American Express offers
  • travel

    Travel Credit

    $100
  • border guard

    Nexus Program Rebate

    $50 statement credit every 4 years
  • hotel

    Complimentary Hotel Benefits

    Hotels booked American Express Travel
  • alcohol cheers

    Airport Lounge - Priority Pass

    Pass only. No Complimentary visits!
  • alcohol cheers

    Airport Lounge - Plaza Premium

    4 Free complimentary visits

Interest Rates

Purchase:

19.99%

Cash Advance:

22.99%

Interest Rates*

Purchase:

21.99%2

Cash Advance:

21.99%2

Annual Fee

$0

Annual Fee*

$250

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 5,000 Membership Rewards® points for each monthly billing period in which you spend $1,000 in purchases on your Card in the first Year

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 points per $1 spent on gas, groceries and drugstore purchases
  • 2x points per $1 spent on travel (eligible flights, hotels, tours and more)
  • 1x point per $1 spent on all other eligible purchases

Loyalty Program

N/A

Point Redemption Options

Not Applicable

Point Redemption Options*

  • Most Optimal

    plane

    Transfer to Airline Partners

    2.1¢ / point
  • travel - plane

    Fixed Point Travel Program

    1.66¢ / point
  • hotel

    Transfer to Hotel Partners

    1.66¢ / point
  • cash coins

    Statement Credits (Cash)

    1¢ / point
  • gift card

    Gift Cards

    0.765¢ / point
  • amazon logo

    Amazon.ca

    0.7¢ / point
  • online shop

    Merchandise

    0.63¢ / 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?

The American Express® Gold Rewards Card is an excellent choice for travelers seeking an entry-level card that offers a strong balance of generous travel benefits without excessive costs. With a relatively low annual fee, this card provides flexibility and a range of perks that make it stand out among other options. It’s ideal for those who want to maximize their travel rewards without being tied to a specific airline or compromising on the benefits offered.

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

  • Flexible Rewards: Enjoy flexible Membership Rewards point conversion with up to 2 points per $1 spent.
  • Travel Perks: Includes $100 annual travel credit and 4 free passes to Plaza Premium lounges in Canada.
  • Comprehensive Insurance: Comes with 11 types of insurance coverage.
  • Multiple Redemption Options: Offers 4 ways to redeem points for maximum value.

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

  • High Annual Fee: The card comes with a $250 annual fee.
  • Foreign Transaction Fees: A 2.5% fee applies to foreign transactions.
  • Limited Travel Insurance for Seniors: No travel medical insurance coverage for those over 65.
  • Lower Acceptance: As an American Express card, it may have lower acceptance compared to Visa or Mastercard.

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 If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

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