Rogers Bank
Rogers Red World Elite Mastercard
Welcome Bonus
Earn $60 cash back in first 3 months
cashback no-fee rogers-customers foreign-purchases cashback world-elite
Annual Fee
No annual fee
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Quick Stats
Annual Fee
$0
Purchase APR
20.99%
FX Fee
2.5%
Card Type
mastercard
Rewards & Earning Rates
| Spending Category | Earn Rate |
|---|---|
| Rogers Services (Wireless, Internet, TV, Home Monitoring) | 3% cash back value |
| Foreign Currency Purchases (USD and others) | 3% cash back (net 0.5% after 2.5% FX fee) |
| All other Canadian dollar purchases | 1.5% cash back |
Welcome Bonus Details
Earn $60 in cash back value within the first three months with qualifying spend
Fees & Interest Rates
| Annual Fee | $0.00 |
| Additional Card Fee | $0.00 |
| Purchase Interest Rate | 20.99% |
| Cash Advance Interest Rate | 22.99% |
| Foreign Transaction Fee | 2.5% |
Pros & Cons
Pros
- No annual fee with World Elite Mastercard status
- Strong 1.5% flat cashback rate on all Canadian purchases
- 3% cashback on Rogers/Fido services for existing customers
- Best-in-class for foreign purchases (net 0.5% after FX fees)
- 5 complimentary Roam Like Home days annually (for Rogers customers)
- Comprehensive travel and insurance benefits
- World Elite benefits include airport lounge access
Cons
- High income requirements limit accessibility
- 2.5% foreign transaction fee offsets the 3% foreign earn rate
- Only truly valuable for Rogers/Fido customers
- $20 minimum redemption threshold
- Recent changes reduced some benefits (May 2024)
- Variable interest rates can be as high as 25.99%
Eligibility Requirements
Requires $80,000 personal or $150,000 household income; good to excellent credit; Rogers/Fido customer recommended
Recommended Credit Score: 700+
Categories
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