Rogers Red Mastercard vs CIBC Costco Mastercard
Which one is better? Both cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.
Welcome bonus
Each offer as the issuer words it. The numbers below show whether your spending reaches it.
The offer
The offer
Bank may have varied Welcome Bonus offers from time to time. Visit their compare cards page to learn more.
No welcome bonus right now.
What each card is worth
Rewards, the welcome bonus and any Finly rebate in, the annual fee and FX fees out, all on your spending.
Worked out on a typical $2,000 a month of spending. Enter yours to see your own numbers.
$240
First-year value
$350
$240
Every year after
$350
CIBC Costco Mastercard is worth $110 more to you in year one.
It stays ahead after that, by $110 a year.
How the first year adds up
Rogers Red
Rogers, Fido, Shaw or Comwave customer?
Eligible customers unlock boosted rewards on this card
Annual rewards
$240
cash back a year
Welcome bonus
+ $0
no welcome offer
Annual fee
− $0
no annual fee
First-year value
$240
Annual rewards
$349.91
cash back a year
Welcome bonus
+ $0
no welcome offer
Annual fee
− $0
no annual fee
First-year value
$349.91
Where each card earns
A year of your spending at each card's own reward rates, most first.
1%All other purchases
$240
3%Food and drinks
$126
2%Gas
$39.74
3%CostcoGas
$5.18
2%COSTCOonline
$5.16
1%All other purchases
$173.82
Fees, rates and eligibility
What each card costs to hold and to use abroad, and who it's for.
Annual fee
Additional cards
Interest rates
Interest rates
Purchase:
21.99% - 25.99%1
Cash Advance:
22.99% - 27.99%1
Balance Transfer:
22.99% - 27.99%1
1 Standard rate on Purchases and Fees: 21.99%. 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, Rogers Bank may still issue you an Account at their alternate interest rates, as follows: Rate for Purchases and Fees: 25.99% Rate for Cash Advances, Cash-like Transactions and Balance Transfers: 27.99%
Purchase:
20.75%
Cash Advance:
22.49%
Balance Transfer:
22.49%
Recommended credit score
Recommended credit score
Income required
Income required
Min Personal Income:
N/A
Min Household Income:
N/A
Min Personal Income:
$15,000
Min Household Income:
N/A
How each card earns
The earn rates and caps, as each issuer sets them.
- Earn 2% cash back on all eligible purchases if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. Otherwise, earn 1% cash back on eligible non-U.S. dollar purchases.
- Earn 2% cash back in all eligible purchases made in U.S. dollars.
- 3% cash back on Restaurants
- 3% cash back on Costco Gas stations and 2% cash back on non-Costco Gas up to a combined maximum of $5,000 in spending (max $150 cashback per year)
- 2% cash back on Costco.ca purchases up to $8,000 in spending (max $160 cashback per year)
- 1% on everything else
Insurance and perks
What both cards include comes first in each list.
Insurance
Insurance
No insurance included.
Mobile Device Insurance
$1,000
Extended Warranty
Up to a year
Purchase Protection
Up to 90 days
Perks
Perks
Roam Like Home Days
Get 5 Roam Like Home days at no cost, every year, with an eligible Rogers mobile plan.
No extra perks.
Our take
Why we like it
Why we like it
This card is one of our top-ranked options in terms of rewards, especially if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. With a qualifying service, you can effectively receive up to 2% cashback, which is competitive among other no-fee contenders. 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.
The CIBC Costco Mastercard offers one of the highest cashback rates on restaurant purchases in Canada, making it an excellent choice for optimizing rewards in this specific category, especially since it has no annual fees. If you use Costco Gas or shop on Costco Online, there is a decent cashback rate as well. However, for other categories, the cashback rate is average. Notably, you will be better off using other credit cards for warehouse Costco purchases, as you will only earn 1% cashback. If you are looking for no annual fee credit cards only, this is a good card to go for.
Pros
Pros
- No annual fee
- Member boosting opportunities
- USD optimization
- Roam Like Home days
- Wide acceptance
- Decent overall reward rates
- High dining optimization
- Mobile device insurance
Cons
Cons
- No insurance
- Low non-member rewards
- Annual spending caps
- Limited benefits
- No Costco warehouse optimization
More comparisons
Other cards we've put each of these up against.
vs Amex Cobalt
vs Amex Platinum
vs Amex SimplyCash
vs Amex SimplyCash™ Preferred
vs BMO CashBack World Elite
vs Neo World Elite® Mastercard – Gas & Grocery
vs Rogers Red World Elite
vs Scotia Amex Gold
vs Scotia Momentum Visa
vs Scotia Momentum Visa Infinite +
vs Scotiabank Passport
vs Simplii Financial Visa Card
vs Tangerine Money-Back
vs TD Aeroplan Visa Infinite
vs Amazon Rewards Mastercard
vs Amex Cobalt
vs Amex Green
vs Amex SimplyCash
vs Amex SimplyCash™ Preferred
vs BMO CashBack World Elite
vs CIBC Aeroplan Visa Infinite
vs PC World Elite Mastercard
vs RBC ION+ Visa
vs Rogers Red World Elite
vs Scotia Amex Gold
vs Scotia Momentum Visa
vs Scotia Momentum Visa Infinite +
vs Simplii Financial Visa Card
vs Tangerine Money-Back
Legal
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. 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. © 2026 Rogers Bank. Rogers Bank is the issuer of this credit card.
