Rogers Red World Elite® Mastercard® vs American Express® Aeroplan®* Reserve Card: Which one is better?

Rogers Red World Elite® Mastercard®

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RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

American Express® Aeroplan®* Reserve Card

3.9

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RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Rewards Breakdown

Annual Rewards

$720

Welcome Bonus

Annual Fee

First Year Value

$720

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

$646.25

Air Canada Aeroplan

Welcome Bonus

Air Canada Aeroplan

Annual Fee

$599

First Year Value

$47.25

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

Insurance Included

Emergency Out of province Medical

$1M, Up to 10 days

Trip Cancellation

$1000/person, $5000 maximum

Trip Interruption

$1000/person, $5000 maximum

Car Rental Damage & Theft

$65000

Purchase Protection

90 days

Extended Warranty

1 year

Emergency Medical Over 65

$1M, Up to 3 days

Trip delay

$150 day, up to 3 days

Insurance Included*

Emergency Out of province Medical

$1M, Up to 10 days

Trip Cancellation

$1000/person, $5000 maximum

Trip Interruption

$1000/person, $5000 maximum

Car Rental Damage & Theft

$65000

Purchase Protection

90 days

Extended Warranty

1 year

Flight Delay

$1,000/person after 4 hours

Baggage Delay

$1K/person after 6 hours

Lost or Stolen Baggage

$1K

Travel Accident

$500,000

Hotel Burglary Insurance

$1000

Extra Benefits

Airport Lounge - Dragon Pass

Pass only, Complimentary visits not included!

No Cost roaming

5 days

Extra Benefits*

Free first checked bag

First checked bag is free for primary cardholder on WestJet flight and up to 8 guests

Nexus Application

$100 every 4 years

American Express Experiences

Extra points

Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore

Status lift

Reach Aeroplan Elite™ Status sooner by earning 1,000 Status Qualifying Miles and one (1) Status Qualifying Segment for every $5,000 of net purchases

Status lift

Complimentary upgrade to Avis® President's Club

Status lift

Primary Cardholders who also hold Aeroplan Elite Status can roll over up to 200,000 Status Qualifying Miles (SQM) beyond the status level for which they’ve qualified, from the prior qualification year to qualify for status the next year.

Status lift

Primary Cardholders who also hold Aeroplan Elite Status will benefit from an extra 12 months to use eUpgrade credits, for a total of 24 months from issuance.

Airport Benefits

At Toronto Pearson airport get benefits such as Priority Security lane, Complimentary valet, premium parking spots, priorioty taxi and limo lane and discount for parking and car care.

Airport Benefits

Get Priority Check-in, Priority Boarding and Priority Baggage Handling, Priority Airport Standby & Priority Airport Upgrades for you, your authorized users and up to 8 companions on the same flight (Only AirCanada)

Airport Lounge - Priority Pass

Pass only. No Complimentary visits!

Airport Lounge - Maple Leaf and AirCanada Cafes

Unlimited Access for you and one guest

Companion Voucher

Annual Worldwide Companion Pass from $99 to a max of $599 After spending $25,000 on your card

Free Extra Night at Hotels

Cardmembers can now get an extra night free for every 3 hotel nights redeemed with Aeroplan points.

Interest Rates

Purchase:

19.99%

Cash Advance:

22.99%

Interest Rates*

Purchase:

21.99%²

Cash Advance:

21.99%²

Annual Fee

Annual Fee*

$599

Income Required

Min Personal Income:

$80,000

Min Household Income:

$150,000

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus

N/A

Welcome Bonus*

60,000 Aeroplan® points after spending over $7,500 on your Card within the first 3 months as a new American Express® Aeroplan® Reserve Cardmember, plus 25,000 Aeroplan® points when you spend $2,500 in month 13. Current or former Cardmembers with this Card are not eligible for these offers. Other terms apply.

Rewards Rate

3% cashback on all U.S dollar purchases
2% cashback on all on Non U.S dollar purchases if you have 1 qualifying Rogers, Fido or Shaw service as the account owner
1.5% cashback on everything else if you don't have the qualifying service

Rewards Rate*

3x Aeroplan points per $1 spent on eligible Air Canada® and Air Canada Vacations® purchases
2x Aeroplan points per $1 spent on eligible dining & food delivery purchases
1.25x Aeroplan points per $1 spent on all other purchases

Loyalty Program

N/A

Loyalty Program*

Air Canada Aeroplan

Point Redemption Options

Not Applicable

Point Redemption Options*

Most Optimal

Transfer to Airline Partners

2.1¢ / point

Travel

0.825¢ / point

Gift Cards

0.74¢ / point

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!

Is this card worth it?

If you are a frequent Air Canada traveler, having an Aeroplan card for perks like free checked bags and priority service can be very beneficial. Many financial institutions offer Aeroplan cards, but I don't believe the American Express version is the best one. Opting for another option might be better. However, the Amex card does have a very large sign-up bonus, making it a great choice for those specifically seeking that.

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.

Pros

Generous rewards rate with up to 3 Aeroplan points per $1 spent on purchases, particularly beneficial for frequent flyers.
Enjoy free checked bags when flying with Air Canada, reducing travel costs.
Access to preferred pricing on Aeroplan flight awards, maximizing the value of your points.
Unlimited access to Maple Leaf lounges when flying with Air Canada, providing a more comfortable travel experience.
Extensive insurance coverage, including 11 types of insurance, offering peace of mind during your travels.

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.

Cons

As an American Express card, it may have limited acceptance compared to other credit cards, potentially limiting its use in some places.
The most valuable rewards are generally tied to Air Canada flights, which may not appeal to travelers who fly with other airlines.
The card comes with a high annual fee of $599, which may be a consideration for budget-conscious users.
The unlimited lounge access is limited to Maple Leaf Lounges and Air Canada Cafe lounges which don't have a great worldwide coverage.

Other Comparisons

vs American Express Cobalt® Card

vs Scotiabank Gold American Express® Card

vs Scotiabank Passport® Visa Infinite* Card

vs American Express Gold Rewards Card®

vs MBNA Rewards World Elite® Mastercard®

vs Scotia Momentum® Visa* Card

vs American Express® Aeroplan®* Card

vs SimplyCash® Card from American Express

vs American Express Platinum Card®

Legal

^*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment. Check for full details and current product information.

² If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.