Rogers Red Mastercard® vs Neo Mastercard®: Which one is better?

• Earn 2% unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw.^{^}
• Otherwise earn 1% unlimited cash back on eligible non-U.S. dollar purchases.^{^}
• Earn 2% unlimited cash back on all eligible purchases made in U.S. dollars.^{^}
• Get 1.5 times more cash back every time you redeem for Rogers, Fido or Shaw purchases.^{^}
• 5 Roam Like Home days at no cost with an eligible Rogers mobile plan every year (up to $80 value).^{^}

• 1% cash back on grocery purchases up to $500 spending per month (3% cash back with $5k in a Neo everyday account, and 4% cash back with $10k in a Neo everyday account) - drops to the 0.5-1% cash back tier after hitting spend cap
• 1% cash back on gas purchases up to $500 spending per month (3% cash back with $5k in a Neo everyday account, and 4% cash back with $10k in a Neo everyday account) - drops to the 0.5-1% cash back tier after hitting spend cap
• 0% cash back on all other purchases with $0 in a Neo everyday account, or 0.5% cash back with $5k in a Neo everyday account up to $1,667 spending per month, or 1% cash back with $10k in a Neo everyday account up to $1,667 spending per month - drops to 0% cash back again after hitting spend cap
• +5% earned on average at Neo Partners.

Note: our reward calculations use the base cash back rates assuming you do not hold any money in a Neo everyday account to earn the higher tier (boosted) cash back rates, otherwise the reward estimates may be higher.

• Voted as the Best Cash Back Card in Canada for Rogers, Fido and Shaw Customers by FinlyWealth.
• There is no annual fee, a notable perk for a card with such high reward multipliers. Most cards with slightly lower reward rates typically have annual fees.
• Offers the flexibility to redeem cash towards Rogers, Shaw, or Fido services, potentially increasing the value of your earned 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.

• High cash back on grocery and gas if you're willing to hold at least $5k in a Neo everyday account
• Unique cashback program which earns cashback based on partner instead of purchase category.
• Massive cashback at some partners that any other credit card couldn't beat.
• Unique benefit system where perks could be bought with a monthly fee and cancelled after use.

• No real insurance coverage (only balance protection), not even purchase protection or extended warranty which are pretty standard benefits for almost all credit cards.
• Low rewards multiplier if you don't have an eligible Rogers, Shaw, or Fido service.

• Base Cash back is very low when you do not hold any money in a Neo everyday account
• No built-in purchase protection and extended warranty benefit.