Rogers Red Mastercard® vs Rogers Red World Elite® Mastercard®: Which one is better?
Rogers Red Mastercard®
4.4
Rogers Red World Elite® Mastercard®
4.8
Finly Rebate
Finly Rebate
Rewards Breakdown
Annual Rewards
$720
First Year Bonus Value
$90
Annual Fee
$0
Finly Rebate
$50Exclusive Offer
First Year Value
$860
$720 in years after
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
$720
First Year Bonus Value
$0
Annual Fee
$0
Finly Rebate
$50Exclusive Offer
First Year Value
$770
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.
Insurance Included*
Balance Protection
Minimum payments
Insurance Included*
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Car Rental Damage & Theft
31 days, $65,000 car MSRP
Extended Warranty
1 year
Purchase Protection
90 days
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
Extra Benefits*
No Cost roaming
5 days
Extra Benefits*
No Cost roaming
5 days
Airport Lounge - Dragon Pass
Pass only, complimentary visits not included
Interest Rates*
Purchase:
20.99% - 25.99%1
Cash Advance:
22.99% - 27.99%1
Balance Transfer:
22.99% - 27.99%1
Interest Rates*
Purchase:
20.99% - 25.99%2
Cash Advance:
22.99% - 27.99%2
Balance Transfer:
22.99% - 27.99%2
Annual Fee*
$0
Annual Fee*
$0
Income Required*
Min Personal Income:
N/A
Min Household Income:
N/A
Income Required*
Min Personal Income:
$80,000
Min Household Income:
$150,000
Welcome Bonus*
$60 cash back when you make a mobile wallet purchase within the first 90 days and 6 automatic payments within the first 8 months for your Rogers, Fido or Shaw postpaid service ($90 if redeemed for Rogers, Fido or Shaw purchases)^
Welcome Bonus*
N/A
Rewards Rate*
- 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).^
Rewards Rate*
- Earn 3% unlimited cash back on all eligible purchases made in U.S. dollars.^
- 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 1.5% unlimited cash back on eligible non-U.S. dollar purchases.^
- 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 ever year (up to $80 value).^
Is this card worth it?
This card is one of our top-ranked options in terms of rewards, especially if you are a Rogers, Fido, or Shaw customer. With those services, you can effectively get a 3% cashback rate, which is a higher rate than almost any other card offers, even those with annual fees! If you have a high income of $80K or a household income of $150K, you can apply for the World Elite version of this card, which comes with additional insurance and benefits like a lounge pass.
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!
Pros
- 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.
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
- 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.
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.
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Rogers Red Mastercard® vs Rogers Red World Elite® Mastercard®: When to go for one over the other
Annual Fees and Requirements
Both the Rogers Red Mastercard and Rogers Red World Elite Mastercard have no annual fees, making them cost-effective options. However, the Rogers Red World Elite requires a personal income of $80,000 or a household income of $150,000 to qualify, while the standard Rogers Red Mastercard has no income requirements. For those who do not meet these income thresholds, the standard card is the only option. For everyone else, the World Elite is clearly the superior choice.
Rewards Comparison
The Rogers Red World Elite Mastercard offers higher cashback on all purchases, particularly for U.S. dollar transactions. If you do not have a qualifying Rogers, Shaw, or Fido service, the World Elite version still provides better rewards than the standard Rogers Red Mastercard. For cardholders with these services, both cards will almost earn the same amount, with the only difference would of that small extra amount earned on US purchases of the World Elite card.
Benefits and Insurance
The Rogers Red World Elite Mastercard offers significantly better insurance and benefits than the standard version, including emergency medical coverage, trip cancellation, and car rental insurance, which the standard card lacks. Additionally, World Elite cardholders get access to airport lounges through DragonPass, although no complimentary visits are included. The superior benefits make the World Elite version the clear winner for frequent travelers and those seeking robust insurance coverage.
Conclusion
For the majority of users, the Rogers Red World Elite Mastercard is the better card due to its higher rewards and extensive benefits. The only reason to choose the standard Rogers Red Mastercard is if you do not meet the income qualifications for the World Elite version. Otherwise, the World Elite card is a stronger option in nearly every way.
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