Rogers Red World Elite® Mastercard

SimplyCash™ Preferred Card from American Express

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

Which one is better? Both cards worked out on the same spending: rewards, welcome bonus, fees and perks, line by line.

4.5

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4.6

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Welcome bonus

Each offer as the issuer words it. The numbers below show whether your spending reaches it.

The offer

Bank may have varied Welcome Bonus offers from time to time. Visit their compare cards page to learn more.

Earn a bonus 10% cash back on all purchases for your first 3 months (up to $2,000 in purchases). Plus, earn a $50 statement credit when you make a purchase in month 13. This could add up to $250 in bonus value in your first 13 months.

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.

$360

First-year value

$609

$360

Every year after

$409

Amex SimplyCash™ Preferred is worth $249 more to you in year one.

It stays ahead after that, by $49 a year.

How the first year adds up

Rogers Red World Elite

Rogers, Fido, Shaw or Comwave customer?

Eligible customers unlock boosted rewards on this card

+$120

Annual rewards

$360

cash back a year

Welcome bonus

+ $0

no welcome offer

Annual fee

− $0

no annual fee

First-year value

$360

Annual rewards

$529.07

cash back a year

Welcome bonus

+ $200

first year only

Annual fee

− $119.88

First-year value

$609.19

Where each card earns

A year of your spending at each card's own reward rates, most first.

1.5%All other purchases

$360

4%Groceries

$92.88

4%Gas

$79.49

2%All other purchases

$356.82

Fees, rates and eligibility

What each card costs to hold and to use abroad, and who it's for.

Annual fee

$119.88

billed monthly, $119 in Quebec

Additional cards

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:

21.99%²

Cash Advance:

21.99%²

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 29.99%.

Recommended credit score

300

Poor

560

Fair

660⁎

Good

725⁎

Very Good

760⁎

Excellent

⁎Estimates based on Equifax scoring

300

Poor

693

Fair

743⁎

Good

790⁎

Very Good

833⁎

Excellent

⁎Estimates based on TransUnion scoring

Income required

Min Personal Income:

$80,000

Min Household Income:

$150,000

Min Personal Income:

N/A

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 non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido, Shaw or Comwave. Otherwise, earn 1.5% cash back on eligible non-U.S. dollar purchases.
Plus, earn up to 3% cash back on eligible U.S. dollar purchases.

4% cash back on eligible gas station purchases in Canada
4% cash back on eligible grocery purchases in Canada (up to $1,200 cash back annually)
2% cash back on all other eligible purchases

Insurance and perks

What both cards include comes first in each list.

Insurance

Car Rental Damage & Theft

31 days, $65,000 car MSRP

Extended Warranty

1 year

Purchase Protection

90 days

Travel Medical Insurance (64 & under)

Up to 10 days

Travel Medical Insurance (65 to 75)

Up to 3 days

Trip Cancellation

$1,000/person, $5,000 maximum

Trip Interruption

$1,000/person, $5,000 maximum

Car Rental Damage & Theft

$85K up to 48 days

Extended Warranty

1 year

Purchase Protection

90 days

Travel Medical Insurance (64 & under)

$5M/insured Person

Lost or Stolen Baggage

$500

Baggage Delay

$500

Common Carrier Travel Accident Insurance

$100,000

Mobile Device Insurance

$1,000

Hotel Burglary Insurance

$500

Flight Delay

$500

Perks

Airport Lounge - Dragon Pass

Discounted access to over 1300 airport lounges with Mastercard Travel Pass. Pass only, complimentary visits not included.

Roam Like Home Days

Get 5 Roam Like Home days at no cost, every year, with an eligible Rogers mobile plan.

Amex Experiences™

Access events and special offers curated for Cardmembers with Amex Experiences™

Our take

Why we like it

This card is one of the best in Canada, 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 rate, which competitive against other no-fee contenders. 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!

The Simply Cash Preferred is one of the best cashback credit cards in Canada. The base cashback rate of 2% is great for all purchases, but the 4% on groceries and gas, which are two of the highest expenses for most people is the cherry on top of their great cashback program.

Pros

Top no-fee contender
Member earning boosts
USD optimization
Comprehensive coverage
Airport lounge membership
Roam Like Home days

High cashback rates
Solid base rate
Comprehensive insurance
Instant decision. No credit impact.

Cons

High income requirements
Annual spending caps

Annual cashback redemptions
Lower acceptance
Annual fee

More comparisons

Other cards we've put each of these up against.

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.

*Terms and conditions apply.

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 29.99%.

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.