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Side by Side Credit Cards Comparison
Neo World Elite® Mastercard®VSRogers Red Mastercard®
Which one is better?
Neo World Elite® Mastercard®
4.6
Rogers Red Mastercard®
4.4
Welcome Bonus
N/A
Welcome Bonus
Get $45 in cash back value(1) exclusively with Rogers, when you spend $3,000 and make a mobile wallet purchase in the first three months of card activation.
Our Cash Offer
$100 $150 Cash Rebate offer from FinlyWealth
Promotional rebate expires on Feb 4, 2026
Our Cash Offer
N/A
Rewards Breakdown
Annual Rewards
$621.48
First Year Bonus Value
+
$0
Annual Fee
-
$125
Finly Rebate
Exclusive Offer
First Year Value
$646.48
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$720
First Year Bonus Value
+
$45
Annual Fee
-
$0
First Year Value
$765
$720 in years after
Based on a hypothetical $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.
How to Earn Rewards
- 5% cash back on grocery purchases up to $1,000 spending per month
- 4% cash back on recurring purchases up to $500 spending per month
- 3% cash back on gas purchases up to $1,000 spending per month
- 1% cash back on all other purchases with no spending caps
- Up to 15% cash back at over 10,000 Neo Partners
How to Earn Rewards
- Earn 2% unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido, Comwave 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, Comwave or Shaw purchases.^
- 5 Roam Like Home days at no cost with an eligible Rogers mobile plan every year (up to $90 value).^
Insurance Included
Lost or Stolen Baggage
$1,000
Baggage Delay
$1,000.svg)
Car Rental Damage & Theft
Yes
Car Rental Accident
$100,000 for cardholder, up to $10,000 per Spouse or Dependent Child
Extended Warranty
1 year
Purchase Protection
90 days
Hotel Burglary Insurance
$1,000
Travel Medical Insurance
Up to $1,000,000.svg)
Car Rental Personal Effects
$1,000
Trip Cancellation
$1,000
Trip Interruption
$1,000Flight Delay
$500
Insurance Included
N/A
Extra Benefits
Airport Lounge - Dragon Pass
Pass only - pay $32 USD per visit
Extra Benefits
No Cost roaming
5 days with eligible Rogers mobile plan
Interest Rates
Purchase:
19.99% - 26.99%
Cash Advance:
22.99% - 28.99%
Balance Transfer:
22.99% - 31.99%
Interest Rates
Purchase:
20.99% - 25.99%2
Cash Advance:
22.99% - 27.99%2
Balance Transfer:
22.99% - 27.99%2
2 Standard rate on Purchases and Fees: 20.99%. Standard rate on Cash Advances, Cash-like Transactions and Balance Transfers: 22.99%. If you are not approved for an Account at the above rates and you reside outside Quebec, we (Rogers Bank) may still issue you an Account at our alternate interest rates, as follows: Standard Rate for Purchases and Fees: 25.99%, Standard Rate for Cash Advances, Cash like Transactions and Balance Transfers: 27.99%.
Annual Fee
$125
Annual Fee
$0
Income Required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Income Required
Min Personal Income:
N/A
Min Household Income:
N/A
Is this card worth it?
This card offers some of the highest cash back rates in Canada for gas, groceries, and recurring purchases, which is pretty hard to beat. While the cash back rates are very high, you need to mind the spend caps set for each category to see if your earning potential is really that high compared to most other credit cards. However, if you're the average person whose spending is generally below $12k per year in groceries, $6k per year in recurring bills and $12k per year in gas, then you'll be doing pretty well, especially with the great insurance and benefit offers.
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.
Pros
- Some of the highest cash back rates in Canada for common spending categories like Grocery
- Premium insurance coverage
- Airport lounge access with DragonPass with $32 USD per visit
- Additional cash back earning at over 10,000 Neo partners
- Instant approval and access to virtual card
Pros
- Voted as the Best No Annual Fee 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.
Cons
- High income requirements of $80,000 personal or $150,000 household
- Spending caps can limit rewards
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.
vs American Express Platinum Card®
vs SimplyCash® Card from American Express
vs Scotia Momentum® Visa* Card
vs CIBC Costco Mastercard
vs BMO CashBack® World Elite® Mastercard®
vs Tangerine Money-Back Mastercard
vs SimplyCash™ Preferred Card from American Express
vs Scotia Momentum® Visa Infinite* Card
vs Simplii Financial™ Cash Back Visa* Card
vs Rogers Red World Elite® Mastercard®
vs Scotiabank Passport® Visa Infinite* Card
vs Scotiabank Gold American Express® Card
vs TD Aeroplan® Visa Infinite* Card
vs American Express Cobalt® Card
Legal
*, ^, Terms and conditions apply.
Rogers Bank is not responsible for maintaining or controlling the accuracy of the information published on this website. For full and up-to-date product information and applicable terms and conditions, visit Rogersbank.com.
®/TM Mastercard, World Elite and the circles design are registered trademarks of Mastercard International Incorporated. Used under License.
The Rogers Red World Elite® Mastercard® is issued by Rogers Bank.
TM Rogers and Mobius Design, Rogers Bank and related marks, logos and brand names are trademarks of Rogers Communications Inc., or an affiliate, used under license. © 2025 Rogers Bank. Rogers Bank is the issuer of this credit card.
1Offer available to new primary cardholders only. Get $30 cash back when you use your Rogers Red Mastercard or Rogers Red World Mastercard to make: (a) purchases totalling $3,000 within 105 days of opening your credit card account, and (b) at least 1 purchase via your mobile wallet within 105 days of opening your credit card account. If you redeem the $30 cash back in full on eligible Rogers, Fido, Shaw or Comwave purchase(s), you will get 1.5x the redemption value, giving an extra $15 in cash back value— for a total of $45 in cash back rewards. For clarity, $45 cash back value is applicable only when $30 cash back provided through this offer is redeemed on eligible Rogers, Fido, Shaw or Comwave purchase(s).
Refunded purchases do not qualify. Cash back rewards can be redeemed online through the Rogers Bank app towards purchases or requested in the form of a statement credit annually. Minimum redemption amount is $10. Account must be open and in good standing to earn, redeem and be given cash back rewards. After you qualify for the $30 cash back, it may take up to 4 months for the cash back to be posted to your account. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offer unless we indicate otherwise. We may revoke this offer if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as we may determine in our sole discretion. Existing cardholders who switch to the Rogers Red Mastercard or Rogers Red World Mastercard are not eligible for this offer.