Rogers Red World Elite® Mastercard®
$60 Cash Rebate From FinlyWealth
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$0
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Rewards based on $0 average spending
Card Details
Annual Rewards
$360
First Year Bonus
$0
Annual Fee
$0
First Year Value
$360
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 average spending
Rewards Ranking
Rewards Breakdown
US Dollar Purchases
$0
All other purchases
$360
Net Annual Rewards
$540
$360 without redemption bonus
Rewards Summary
Net Annual Rewards
$360
First Year Bonus
$0
First Year Value
$360
Point Redemptions
Redemptions Chart
Rogers, Fido and Shaw purchases
$540
Cash back
$360
Insurance & Benefits
Insurance
Coverage
Emergency Out of province Medical
$1M, Up to 10 daysEmergency Medical Over 65
$1M, Up to 3 days
Trip Cancellation
$1,000/person, $5,000 maximum
Trip Interruption
$1,000/person, $5,000 maximum.svg)
Car Rental Damage & Theft
$65,000
Purchase Protection
90 days
Extended Warranty
1 year
Trip delay
$150 day, up to 3 days
Benefits
Details
Airport Lounge - Dragon Pass
Pass only, complimentary visits not included
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.
Reward comparison to other popular cashback credit cards
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.