Rogers Red Mastercard® vs Scotiabank Gold American Express® Card: Which one is better?

Rogers Red Mastercard®

4.5

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RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Scotiabank Gold American Express® Card

4.9

More Details

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Finly Rebate

+$60 Cash Rebate from FinlyWealth

Finly Rebate

+$75 +$200 Cash Rebate from FinlyWealth

Expires Oct 31, 2024

Rewards Breakdown

Annual Rewards

$720

Welcome Bonus

$90

Annual Fee

First Year Value

$810

$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

$613.54

Scene+

Welcome Bonus

$450

Scene+

Annual Fee

$120

First Year Value

$1,063.54

$493.54 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included

Balance Protection

Minimum payments

Insurance Included

Emergency Out of province Medical

$1M, Up to 25 days

Emergency Medical Over 65

$1M, Up to 3 days

Trip Cancellation

$1500/person, $10000/trip

Trip Interruption

$1500/person, $10,000/trip

Lost or Stolen Baggage

$500/person, $1000/trip

Baggage Delay

$500/person, $1,000/trip After 4 hours

Flight Delay

$500/person

Travel Accident

$500K/person, $1M/occurrence

Car Rental Damage & Theft

$65K up to 48 days

Hotel Burglary Insurance

$1000/occurrence

Mobile Device Insurance

$1,000

Purchase Protection

90 days

Extended Warranty

Up to a year

Extra Benefits

No Cost roaming

5 days

Extra Benefits

No Foreign Transaction Fees

Avoid the 2.5% foreign transaction fees incurred when spending in non $CAD

American Express Experiences

Concierge Services

Discount

Discount on PriorityPass Membership

Interest Rates

Purchase:

19.99%

Cash Advance:

22.99%

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Annual Fee

$120

First Year Waived

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required

Min Personal Income:

$12,000

Min Household Income:

N/A

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

Earn 25,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months. Plus, for a limited time, you are eligible to earn a 20,000 Scene+ point bonus when you spend at least $7,500 in everyday eligible purchases in your first year.

Rewards Rate

2% cashback on all purchases if you have 1 qualifying Rogers, Fido or Shaw service as the account owner
2% cashback on all U.S dollar purchases and 1% on all other eligible purchases if you do not have a qualifying Rogers, Fido or Shaw service
1.5x redemption bonus on your earned cash back value when used on Rogers, Fido and Shaw purchases – that’s a 3% cash back value

Rewards Rate

6 Points on on every $1 you spend at Sobeys, Safeway, IGA, Foodland & Participating Co-ops
5 Points dining and at other eligible grocery stores, entertainment purchases which includes movies, theatre, and ticket agencies
3 Point on Rides which includes rideshare, buses, taxis, subways and more
3 Points on eligible streaming services (Netflix, Spotify, Disney+, Crave and more)
1 Point on everything else

Loyalty Program

N/A

Loyalty Program

Scene+

Point Redemption Options

Not Applicable

Point Redemption Options

Entertainment

1¢ / point

Travel

1¢ / point

Groceries (Sobeys)

1¢ / point

Restaurants

1¢ / point

Merchandise

0.76¢ / point

Gift Cards

0.74¢ / point

Statement Credits

0.7¢ / point

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?

The Scotiabank Gold American Express® Card is one of our favorite cards. It has a very solid rewards program, earning one of the highest rewards among all credit cards in Canada. In addition, it offers comprehensive travel benefits, including the rare and valuable no foreign transaction fee benefit, making it a great and balanced credit card in terms of both rewards and benefits. The first-year annual fee waiver is the cherry on top, providing even greater value to cardholders.

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

No foreign transaction fee saves you 2.5% on all non-CAD purchases.
Rewards cover all high-spending categories, including food, groceries, entertainment, and gas.
Comprehensive coverage of all travel insurance.

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

The card network is American Express, which might not be widely accepted in some countries, making it a bit harder to use the no foreign transaction fee benefit.
Having a lounge pass would have made this card even more perfect, but there is access to a discount code for lounge access pass purchases.