Cash Back
Travel Rewards
No Annual Fee
Rogers Red World Elite® Mastercard
Rogers Bank
Annual Fee
$0
Purchase APR
21.99%
Cash Adv. APR
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 2.00%
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)
- Eligible Rogers 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/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
Out-of-Province/Out-of-Country Emergency Medical. Underwritten by CUMIS General Insurance Company.
Trip Insurance
Trip interruption and cancellation included.
Rental Car Coverage
Rental Car Collision/Damage included.
Purchase Protection & Extended Warranty
Included at no extra cost.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $0 |
| Supplementary Card | $0.00 |
| Foreign Tx Fee | 2.50% |
| Income Required |
Personal: $80,000 Household: $150,000 |