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

• 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).^{^}

• 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 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.

• 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.

• 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.

• 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.