Cash Back
Travel Rewards
No Annual Fee
Rogers Red World Elite® Business Mastercard
Rogers Bank
Annual Fee
$0
Purchase APR
21.99%
Cash Adv. APR
22.99%
RateBuddy Verdict
The Good
- Offers excellent business-specific perks like Cyberscout identity protection and unlimited 24/7 hotline access to My Friendly Lawyer.
- Provides a 3% effective return on everyday purchases for Rogers business customers, all with no annual fee.
- Earns a massive 3% cash back on U.S. dollar purchases, effectively negating the 2.5% FX fee and putting your business ahead by 0.5%.
The Trade-offs
- Eligibility is incredibly strict: it is currently limited entirely to sole proprietors (corporations and partnerships cannot apply).
- Requires a high minimum income of $80,000 personal or $150,000 household to qualify, which may be difficult for new sole proprietors.
Rewards & Earnings
Base Rate 2.00%
Rewards Summary: • Earn 2% cash back on all eligible purchases if you have an eligible Rogers or Shaw business service (otherwise 1.5%)
• Earn 3% cash back on U.S. dollar purchases
• Get a 1.5x redemption bonus when applying cash back to Rogers bills
- Eligible Rogers Business Customers: 3% on USD purchases and 2% on everything else
- Non-Rogers Customers: 3% on USD purchases and 1.5% on everything else
- Rogers Redemption Bonus: 1.5x value when redeeming cash back towards eligible Rogers, Fido, Shaw or Comwave purchases (yields 3% effective return on the 2% base rate)
Welcome Bonus Details
Features & Benefits
No Annual Fee
No Annual Fee
Travel Medical Insurance
Travel Medical Insurance Included
Car Rental Collision/Loss Damage Waiver
Rental Car Collision and Loss Damage Included
Trip Cancellation/Interruption Insurance
Trip Cancellation/Interruption Included
Extended Warranty Insurance
Extended Warranty Included
Purchase Security Insurance
Purchase Protection Included
Additional Perks
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Insurance Coverage
Emergency Medical
Emergency Travel Medical Insurance included. Underwritten by CUMIS General Insurance Company.
Trip Insurance
Trip Cancellation & Trip Interruption Insurance included.
Rental Car Coverage
Car Rental Collision and Loss Damage Insurance included.
Purchase Protection & Extended Warranty
Included at no extra cost.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Balance Transfer APR | 22.99% |
| Annual Fee | $0 |
| Supplementary Card | $0.00 |
| Foreign Tx Fee | 2.50% |
| Income Required |
Personal: $80,000 Household: $150,000 |