Rogers Red World Elite® Mastercard® Review

Rogers Red World Elite® Mastercard® Review

Rogers Red World Elite Mastercard is one of the two credit cards offered by Rogers. The other card is Rogers Mastercard®, which is also great but has slightly fewer rewards and benefits. On the other hand, it's much harder to qualify for Rogers Red World Elite, given its high-income requirement.

This card earns one of the highest rewards among all credit cards if you are a Rogers, Fido or Shaw customer across all free and paid credit cards in Canada. And even if you are not a customer, this card is still a great option because it still earns one of the highest rewards among no-annual fee cards. 

It also comes with a lot of benefits that you mostly find with credit cards that have an annual fee! Many go for this card just because of how great the benefits are.

The Rewards

How You Earn Rewards

The rewards you earn on this card depend on one condition. Whether you have an eligible Rogers, Fido, or Shaw service. The services that qualify are:

• Postpaid Rogers-branded consumer mobile plans (which include wireless home phone and tablet data plans). For these plans, users who have permission to make changes (i.e. a Level 1 Authorized User) are also eligible.

• Postpaid Fido-branded consumer mobile plans – primary account holders only (which includes wireless home phone and tablet data plans)

• Any Rogers, Shaw or Fido-branded internet, TV, home phone, home monitoring or satellite service – primary account holders only

If you have one of these services, then great because your rewards earned on this card will be:

• 3% cashback on all U.S dollar purchases

• 2% cashback on all on Non-U.S dollar purchases

But if you don't have one of these services, your rewards earned on this card will be:

• 3% cashback on all U.S dollar purchases

• 1.5% cashback on all on Non-U.S dollar purchases

The base cashback rate is high in both scenarios, making it a great card for everyone. Using Finlywealth's reward calculator, we can see that Rogers World Elite always makes it to the top spots whether you have a Rogers service or not.

In addition, the cashback could be redeemed with a 1.5x redemption bonus if used towards a qualifying Rogers, Fido or Shaw purchase, effectively increasing the cashback rate on non-US purchases to 3% if there is an eligible Rogers, Fido or Shaw service or 2.25% if there is none. One important thing is that even though you don't have a service, you can still use that cashback to purchase hardware such as headphones or cell phones to get that bonus.

Reward comparison to other popular cashback credit cards

So why are the reward rates on this card great? Compared to the other great cashback cards in Canada, this card will beat them in terms of rewards most of the time. We recommend using our credit card finder tool to compare the cards using your spending to get a more personalized result.

Let's do a quick comparison with some of the best cashback cards in the market when you have a qualifying service:

Rogers Red World Elite Mastercard vs SimplyCash® Card from American Express: 

SimplyCash gives 2% cash on gas and groceries and 1.25% on other purchases. In addition to a lower overall cashback, American Express is not accepted everywhere, so the Rogers card wins!

Rogers Red World Elite Mastercard vs SimplyCash™ Preferred Card from American Express

SimplyCash gives 4% on gas and groceries and 2% on everything else (With a $1200 cap on the cashback rate on grocery purchases annually). Even though SimplyCash earns more on cash and groceries, it comes with a $120 annual fee, which, for most people, the additional 2% earned does not cover the cost.

In addition, American Express is not accepted everywhere, which is an important factor when calculating the rewards you earn. So, in most cases, Rogers Red World Elite Mastercard wins!

Welcome Bonus

Currently, there is no welcome bonus for the Rogers Red World Elite card.

3 benefits of Rogers Red World Elite Mastercard

1 - No Annual Fee for such a great card

We've mentioned this previously, but this card is exclusive in that it allows you to earn one of the highest rewards, enjoy many great travel benefits, and access many other benefits. Not having to pay anything is always great, and that's why we praise this card, rightfully so!

2 - Unique benefit

5 Roam Like Home days is a benefit exclusive only to Rogers Credit cards

The 5-day homestyle roaming perk is an exclusive feature of this card. Anyone who's traveled internationally understands the steep costs associated with international calls. Utilizing this benefit, valued at approximately $75, offers some savings on these charges.

3 - Trip Cancellation insurance

If I were given the choice to only choose one benefit when travelling, without a doubt, I would select trip cancellation insurance. When your trip is cancelled due to unforeseen circumstances, this insurance can potentially save you a few thousand dollars.

Now given this is a big insurance to include in benefits, most free cards and even many of the paid cards don't have this insurance on their offering but by getting the Rogers Red World Elite card you get access to this benefit for free.

Downside of Rogers Red World Elite Mastercard

Not everyone qualifies for this card

The only thing that not everyone might like is the fact that not everyone can apply for this card. The card requires a credit score in the "very good" range and a personal income of $80K/year or $150K/year.

Final Verdict

In terms of overall score, the Rogers Red World Elite is currently the highest-rated credit card on FinlyWealth; therefore, we recommend that most who qualify for this card apply for it.