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Rogers Fido™ Mastercard® Review

Rogers Fido™ Mastercard® review

Name: Money.ca Editorial Team
Item: Rogers Fido™ Mastercard®
Rating: 3
Author: Money.ca Editorial Team

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3.0

1% The 1% cash back rewards rate on all purchases is extremely rich when compared to the market for no-fee cards

$25 Welcome bonus: Fido currently offers a sign-up bonus of $25 when you make your first purchase within three months of receiving your card. Conditions apply.

1.5 Earn 1.5% cash back rewards on all online and in-store Fido purchases, including your monthly Fido bill.

$0 Annual Fee

19.99% Purchase APR

22.99% Cash Advance APR

Good Recommended Credit Score

3.0

Rogers Fido™ Mastercard® review

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By Money.ca

🗓️

Updated: April 01, 2024

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Fido customers are some of the most loyal mobile customers in the country. With the Rogers Fido™ Mastercard^®, Fido just gave them another reason to fall in love all over again. In fact, there’s a good reason many Canadians should have it – even if they’re not Fido customers.

To start, the Rogers Fido™ Mastercard^® has no annual fee and offers rich unlimited cash back rewards rates of 1.5% cash back on Fido related bills and 1% cash back on all other purchases. There are absolutely no caps, tiers or limits on how much cash back rewards you can earn. You can redeem your cash back rewards as a once-yearly statement credit if you like, or more easily with the unique Pay with Rewards app from Mastercard.

To make things even more attractive, you can get $25 in cash back rewards as a welcome bonus, just for making a purchase on the card within 3 months of receiving it. Conditions apply.

With no annual fee, a $25 welcome bonus, a flat cash back rewards rate of 1% and a nice 1.5% cash back on all your eligible Recurring Payments and subscriptions, including your Fido or Rogers bill, utilities, streaming services. Fido is basically paying you to try the card.

Pros and cons

Pros

High 1% cash back on all purchases
1.5% cash back on Fido bills
Unlimited cash back with no caps or tiers
$25 welcome bonus with a simple condition
No annual fee, making it risk-free to try

Cons

Welcome bonus has conditions
Focused benefits on Fido-related spending
Limited redemption options for cash back
No detailed comparison with other cards
Potential bias in the review towards Fido customers

Rogers Fido Mastercard review:

1.
1% cash back rewards: The 1% cash back rewards rate on all purchases is extremely rich when compared to the market for no-fee cards. There are no tiers or limits to how much cash back rewards you can earn – it truly is unlimited. Compare the Rogers Fido™ Mastercard^® no annual fee cash back rewards rate of 1% to the SimplyCash^® Card from American Express base earn rate of 1.25% or BMO CashBack^® MasterCard^®* of 0.5%*.
2.
Accelerated cash back rewards for Fido: Earn 1.5% cash back rewards on all online and in-store Fido purchases, including your monthly Fido bill.
3.
Cash back redemption: This is a true cash back rewards credit card whether you’re a Fido customer or not. You can redeem your cash back rewards as a statement credit at the end of each year (apply your cash back rewards against your credit card bill). Alternatively, you can download the Pay with Rewards application (or find it by logging into Rogers online) and redeem as little as $20 in cash back rewards at a time against items on your statement.
4.
No annual fee: There is no annual fee on the Rogers Fido Mastercard, ever.
5.
Welcome bonus: Fido currently offers a sign-up bonus of $25 when you make your first purchase within three months of receiving your card. Conditions apply.

Is the Rogers Fido Mastercard worth it?

For Fido customers:

If you’re a Fido customer there are four compelling reasons to get this card and keep it in your wallet.

A high flat cashback rewards rate of 1% for a credit card with no annual fee.
1.5% cashback rewards on all online and in-store Fido purchases, including monthly Fido bills.
No annual fee makes it free to try, with absolutely no risk.
$25 sign-up bonus after your first purchase within 3 months of receiving the card.

For non-Fido customers:

If you’re not a Fido customer, this may still be the best credit card choice in Canada for you.

You can redeem your 1% cashback rewards as a statement credit and on everyday purchases – not just against Fido services and products.
Earn 1.5% in unlimited cash back rewards on all your eligible Recurring Payments and subscriptions, including: your Rogers bill, utilities, streaming services.
There is no annual fee – ever.
Get $25 in cash back rewards when you make your first card purchase within 3 months of receiving your card. Conditions apply.

This post was not sponsored. The views and opinions expressed in this review are purely our own.

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Money.ca Money.ca Editorial Team

The Money.ca Editorial Team is a group of passionate financial experts, seasoned journalists, and content creators who are deeply committed to providing unbiased, relevant, and accurate financial information. With years of combined industry experience, our team is dedicated to maintaining the highest journalistic standards and delivering informative and engaging content. From personal finance and investing to retirement planning and business finance, we cover a broad range of topics to suit the financial needs of our diverse readership. You can trust the Money.ca Editorial Team to empower you with the knowledge and tools necessary to make wise financial decisions.