Cash Back Travel Rewards No Annual Fee

Rogers Red World Elite® Mastercard

Rogers Bank Rogers Bank
Annual Fee $0
Purchase APR 21.99%
Cash Advance 22.99%

RateBuddy Verdict

The Good
  • Offers incredible value with a 3% effective return on everyday purchases for Rogers 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 you ahead by 0.5%.
  • Includes a comprehensive suite of premium travel insurances (Medical, Trip Cancellation, Rental Car) rarely seen on a $0 fee card.
  • Non-Rogers customers still earn an excellent 1.5% flat cash back rate on all purchases.
The Trade-offs
  • Requires a high minimum income of $80,000 personal or $150,000 household to qualify.
  • To achieve the maximum 3% effective value, you must redeem your rewards strictly against Rogers/Fido/Shaw purchases.

Rewards & Earnings

Base Rate 2%
Rewards Summary: • Earn 2% cash back on all eligible purchases if you have an eligible Rogers 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 (makes the 2% earn rate a 3% value)

Welcome Bonus Details

No welcome bonus details are currently listed for this card.

Features & Benefits

No Annual Fee
No Annual Fee
Travel Medical Insurance
Travel Medical Insurance Included
Car Rental Collision/Loss Damage Waiver
Rental Car Collision/Damage Included
Trip Cancellation/Interruption Insurance
Trip Cancellation/Interruption Included
Extended Warranty Insurance
Extended Warranty Included
Purchase Security Insurance
Purchase Protection Included

Insurance Coverage

• Out-of-Province/Country Emergency Medical • Trip Interruption and Cancellation • Rental Car Collision/Damage • Purchase Protection & Extended Warranty

Rates, Fees & Eligibility

Purchase APR21.99%
Cash Advance APR22.99%
Annual Fee$0
Supplementary Card Fee$0
Foreign Transaction Fee2.50%
Income Required Personal: $80,000
Household: $150,000
Recommended Credit Score

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Filed Under

Cash Back Travel Rewards No Annual Fee Premium / High-End
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