Rogers Red World Elite® Mastercard®

Rogers Red World Elite® Mastercard®

5/5

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Rogers Red World Elite® Mastercard®
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$60

Rogers Red World Elite® Mastercard®

FinlyWealth Logo

$60 Cash Rebate From FinlyWealth

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Subscription Bonuses

Select all options which you're currently subscribed to (i.e. account owner). The corresponding card reward values will change based on your selection.

rogers

Primary Rogers, Fido or Shaw service account owner


Rewards Calculator Algorithm

You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.

Finly factors in all the reward limits and fine prints of every single credit card.


Your Spending

Modify your spending numbers and click update to get the most accurate reward estimates.

$2,000

Restaurant, Fast Food & Coffee Shop

$

Grocery

$

Recurring Purchases (Bills, Subscriptions, Rent via Chexy)

$

Gas

$

Transportation

$

Entertainment (Movies, Concerts, etc.)

$

Foreign Purchases (Non $CAD)

$

Travel (Flights, Hotels, etc.)

$

Pharmacy

$

Online Shopping

$

Home Improvement (Renovation, Furniture)

$

Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey

$

Other Purchases Not Specified

$


25% Referral Cash Bonus

Share your unique referral link to the Rogers Red World Elite® Mastercard® and earn a 25% rebate bonus. Learn more about the Finly referral program.

Card Details

Based on $2,000 spending

First Year Value

$420

$540 in years after

Annual Rewards

$360

First Year Bonus

$0

Finly Rebate

$60

Annual Fee

$0

First Year Value

$420

Interest Rates

Cash Advance: 22.99%

Purchase: 19.99%

Annual Fee

$0

Annual Income

Personal: $80,000

Household: $150,000

Credit Score

Very Good

Welcome Bonus

N/A

Card Type

Cash Back

Our Rating

5/5

Institution

Rogers Bank

Rewards


  • 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

Rogers Red World Elite® Mastercard® Cash Back Calculator

Based on $2,000 spending


Rewards Breakdown

US Dollar Purchases

$0


All other purchases

$360


Net Annual Rewards

$360

Rewards Summary

Net Annual Rewards

$360


First Year Card Bonus

$0


First Year Card Value

$360


Finly Rebate

$60

Insurance & Benefits


Insurance

Coverage

  • 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
  • car insurance

    Car Rental Damage & Theft

    $65,000
  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    1 year

Benefits

Details

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only, complimentary visits not included
  • mobile phone wifi

    No Cost roaming

    5 days

Pros & Cons


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.

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.

Rogers Red World Elite® Mastercard® Review


Rogers Red World Elite Mastercard is one of the two credit cards offered by Rogers. The other card is Rogers Mastercard®, which is also great but has slightly fewer rewards and benefits. On the other hand, it's much harder to qualify for Rogers Red World Elite, given its high-income requirement.
This card earns one of the highest rewards among all credit cards if you are a Rogers, Fido or Shaw customer across all free and paid credit cards in Canada. And even if you are not a customer, this card is still a great option because it still earns one of the highest rewards among no-annual fee cards. 
It also comes with a lot of benefits that you mostly find with credit cards that have an annual fee! Many go for this card just because of how great the benefits are.

The Rewards

How You Earn Rewards

The rewards you earn on this card depend on one condition. Whether you have an eligible Rogers, Fido, or Shaw service. The services that qualify are:
  • Postpaid Rogers-branded consumer mobile plans (which include wireless home phone and tablet data plans). For these plans, users who have permission to make changes (i.e. a Level 1 Authorized User) are also eligible.
  • Postpaid Fido-branded consumer mobile plans – primary account holders only (which includes wireless home phone and tablet data plans)
  • Any Rogers, Shaw or Fido-branded internet, TV, home phone, home monitoring or satellite service – primary account holders only
If you have one of these services, then great because your rewards earned on this card will be:
  • 3% cashback on all U.S dollar purchases
  • 2% cashback on all on Non-U.S dollar purchases
But if you don't have one of these services, your rewards earned on this card will be:
  • 3% cashback on all U.S dollar purchases
  • 1.5% cashback on all on Non-U.S dollar purchases
The base cashback rate is high in both scenarios, making it a great card for everyone.
In addition, the cashback could be redeemed with a 1.5x redemption bonus if used towards a qualifying Rogers, Fido or Shaw purchase, effectively increasing the cashback rate on non-US purchases to 3% if there is an eligible Rogers, Fido or Shaw service or 2.25% if there is none. One important thing is that even though you don't have a service, you can still use that cashback to purchase hardware such as headphones or cell phones to get that bonus.
Let's do a quick comparison with some of the best cashback cards in the market when you have a qualifying service:
Rogers Red World Elite Mastercard vs SimplyCash® Card from American Express: 
SimplyCash gives 2% cash on gas and groceries and 1.25% on other purchases. In addition to a lower overall cashback, American Express is not accepted everywhere, so the Rogers card wins!
Rogers Red World Elite Mastercard vs SimplyCash™ Preferred Card from American Express
SimplyCash gives 4% on gas and groceries and 2% on everything else (With a $1200 cap on the cashback rate on grocery purchases annually). Even though SimplyCash earns more on cash and groceries, it comes with a $120 annual fee, which, for most people, the additional 2% earned does not cover the cost.
In addition, American Express is not accepted everywhere, which is an important factor when calculating the rewards you earn. So, in most cases, Rogers Red World Elite Mastercard wins!

Welcome Bonus

Currently, there is no welcome bonus for the Rogers Red World Elite card.

3 benefits of Rogers Red World Elite Mastercard

1 - No Annual Fee for such a great card

We've mentioned this previously, but this card is exclusive in that it allows you to earn one of the highest rewards, enjoy many great travel benefits, and access many other benefits. Not having to pay anything is always great, and that's why we praise this card, rightfully so!

2 - Unique benefit

5 Roam Like Home days is a benefit exclusive only to Rogers Credit cards
The 5-day homestyle roaming perk is an exclusive feature of this card. Anyone who's traveled internationally understands the steep costs associated with international calls. Utilizing this benefit, valued at approximately $75, offers some savings on these charges.

3 - Trip Cancellation insurance

If I were given the choice to only choose one benefit when travelling, without a doubt, I would select trip cancellation insurance. When your trip is cancelled due to unforeseen circumstances, this insurance can potentially save you a few thousand dollars.
Now given this is a big insurance to include in benefits, most free cards and even many of the paid cards don't have this insurance on their offering but by getting the Rogers Red World Elite card you get access to this benefit for free.

Downside of Rogers Red World Elite Mastercard

Not everyone qualifies for this card

The only thing that not everyone might like is the fact that not everyone can apply for this card. The card requires a credit score in the "very good" range and a personal income of $80K/year or $150K/year.

Final Verdict

In terms of overall score, the Rogers Red World Elite is currently the highest-rated credit card on FinlyWealth; therefore, we recommend that most who qualify for this card apply for it.

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