Quick overview of Rogers Red Mastercard
Rogers is one of the newer credit card issuers on the market and the Rogers Red Mastercard is its latest product, catering to individuals seeking a cash back credit card without an annual fee. The card earns solid cash back rewards on all qualifying purchases with even more value for Rogers, Fido or Shaw customers.
Who’s the Rogers Red Mastercard for?
With no annual fee and the ability to earn unlimited cashback rewards, this credit card is ideal for Canadians who are already using Rogers's services and want to maximize their spending. It is a smart financial move that puts money back in your pocket with every purchase.
If you are already a Rogers customer, the Rogers Red Mastercard is the perfect card for you. The perks make it a no-brainer as it is specifically designed for current Rogers, Shaw, or Fido customers.
Pros and cons
Pros
-
2% in unlimited cash back on all purchases for customers of Rogers
-
The ability to earn 3% cash back value when you redeem with Rogers
-
Five free Roam Like Home days are available when you travel
-
The Rogers Bank app lets you rack your rewards so you know where you stand
Cons
-
Best deals are only available to Rogers customers
-
No insurance coverage
Rogers Red Mastercard welcome bonus
New Rogers Red Mastercard cardholders can earn $60 cash back by meeting minimum spending targets:
- Earn $60 cash back when you make a mobile wallet purchase within the first 90 days and 6 automatic payments within the first 8 months for your Rogers, Fido or Shaw postpaid service
How to earn rewards with the Rogers Red Mastercard
The Rogers Red Mastercard offers the best cashback rewards structure for current customers. Customers of a qualifying Rogers service get 2% back on all eligible non-U.S. dollar purchases for eligible Rogers customers. Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases, too, another great feature.
If you’re not a customer of a qualifying Rogers service, you get 2.00% unlimited cash back on all USD purchases and 1.00% unlimited cash back on all other eligible purchases.
How to redeem rewards with the Rogers Red Mastercard
Rewards can be redeemed through the Rogers Bank mobile app, where cashback can be redeemed with a minimum of $10, every time. Once you have $10 in rewards accumulated, you can redeem the funds towards any purchase you want.
Rogers Red Mastercard key benefits
- 2.00% cash back on all purchases made in USD for all users
- Rogers customers have five free Roam Like Home days, which allow them to save up to $75 when they travel and enable their data
- Cash back rewards are easy to redeem through the mobile app
Rogers Red Mastercard insurance coverage
The Rogers Red Mastercard falls short in terms of insurance coverage. This is a significant drawback of the card. While the absence of coverage may not be a major concern for infrequent travelers, it is worth noting that the card also lacks purchase protection and extended warranty protection. Consequently, your purchases may not be as secure as they would be with an alternative card.
Extra benefits of the Red Mastercard from Rogers
- Zero liability in the event of unauthorized use.
- No income requirement to qualify.
What people have to say about this card
On Reddit’s Personal Finance Canada subreddit, people are surprised by the high unlimited cashback offer for all purchases, with one person noting that they would downgrade their World Elite Mastercard. The obvious criticism is that the best offers are only for Rogers customers, making the card less valuable to non-customers.
On RedFlagDeals, many Rogers customers were thrilled with the offer since they could earn cash back on purchases they were already making. On the other hand, those who live in parts of the country without access to Rogers weren’t impressed with the cashback offer. One user even suggested that the perks are being financed through the high prices for cable and internet services, which is another conversation.
Rogers Red Mastercard review from a new cardholder
*Video produced by Martin Dasko on YouTube. See Account Provider's website for complete account details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
How the Rogers Red Mastercard compares
Rogers Red Mastercard vs. Rogers World Elite Mastercard
Rogers Red World Elite® Mastercard®
4.2
Excellent
Suggested credit scoreto receive the latest news, tips and offers by email
Pros
-
Lucrative cash back rates on USD and CAD purchases, especially for Rogers, Fido or Shaw customers
-
No annual fee with valuable insurance benefits
-
Competitive against foreign transaction fee cards
-
Convenient cash back redemption options
-
Redemption bonus of 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
-
Travel insurance perks and airport lounge access
Cons
-
High income requirement: $80,000 personal or $150,000 household
-
Foreign transaction fee applies
-
Limited redemption options for statement credits
Eligibility
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
3%
Earn 3% unlimited cash back on purchases made in US dollars
2%
Earn 2% unlimited cash back on all eligible non-US dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw
1.5%
Earn 1.5% unlimited cash back on everything else
1.5x Cash Back
Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
Earn 3% unlimited cash back on purchases made in US dollars
3%
Earn 2% unlimited cash back on all eligible non-US dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw
2%
Earn 1.5% unlimited cash back on everything else
1.5%
Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
1.5x Cash Back
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee No annual fee
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Pros
-
Lucrative cash back rates on USD and CAD purchases, especially for Rogers, Fido or Shaw customers
-
No annual fee with valuable insurance benefits
-
Competitive against foreign transaction fee cards
-
Convenient cash back redemption options
-
Redemption bonus of 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
-
Travel insurance perks and airport lounge access
Cons
-
High income requirement: $80,000 personal or $150,000 household
-
Foreign transaction fee applies
-
Limited redemption options for statement credits
Eligibility
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
3%
Earn 3% unlimited cash back on purchases made in US dollars
2%
Earn 2% unlimited cash back on all eligible non-US dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw
1.5%
Earn 1.5% unlimited cash back on everything else
1.5x Cash Back
Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
Earn 3% unlimited cash back on purchases made in US dollars
3%
Earn 2% unlimited cash back on all eligible non-US dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw
2%
Earn 1.5% unlimited cash back on everything else
1.5%
Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
1.5x Cash Back
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$0
Annual Fee No annual fee
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$0
Foreign Transaction Fee
2.50%
The Rogers World Elite Mastercard is ideal for those who travel often, as it offers extended insurance and protection. Rogers customers can earn up to 3.00% cashback on all purchases with both cards, but not everyone will meet the minimum income of $80000.00 to qualify for the Rogers World Elite Mastercard.
When it comes to finding a cash back credit card with no annual fee, the Rogers Mastercard is the better option.
Rogers Red Mastercard vs. CIBC Dividend Visa
CIBC Dividend® Visa* Card
3.2
Low intro APR
Welcome offerGood
Suggested credit scoreGet 9.99% Purchase† and 20.99% Cash† annual interest rate for 10 months†
Pros
-
No annual fee
-
High earn rates on popular spending categories
-
Up to three additional cards at no extra cost
-
Low required household annual income of $15,000†
-
No limit on the cash back you can earn†
Cons
-
Low earn rates on everyday spending
-
Only option to redeem cash back rewards is statement credit
Eligibility
Good
Recommended Credit Score
$15,000†
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000†
2%
Get 2% cash back on eligible grocery purchases†
1%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
0.5%
0.5% cash back on all other purchases†
$0.10
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Get 2% cash back on eligible grocery purchases†
2%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
1%
0.5% cash back on all other purchases†
0.5%
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
$0.10
20.99%†
Purchase APR non-Quebec residents†
22.99%†
Balance Transfer Rate non-Quebec residents†
22.99%†
Cash Advance APR non-Quebec residents†
$0
Annual Fee $0 for each additional card (3 card maximum)
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%†
Balance Transfer Rate
22.99%†
Cash Advance APR
22.99%†
Annual Fee
$0
Foreign Transaction Fee
2.50%
Pros
-
No annual fee
-
High earn rates on popular spending categories
-
Up to three additional cards at no extra cost
-
Low required household annual income of $15,000†
-
No limit on the cash back you can earn†
Cons
-
Low earn rates on everyday spending
-
Only option to redeem cash back rewards is statement credit
Eligibility
Good
Recommended Credit Score
$15,000†
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Household Income
$15,000†
2%
Get 2% cash back on eligible grocery purchases†
1%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
0.5%
0.5% cash back on all other purchases†
$0.10
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Get 2% cash back on eligible grocery purchases†
2%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
1%
0.5% cash back on all other purchases†
0.5%
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
$0.10
20.99%†
Purchase APR non-Quebec residents†
22.99%†
Balance Transfer Rate non-Quebec residents†
22.99%†
Cash Advance APR non-Quebec residents†
$0
Annual Fee $0 for each additional card (3 card maximum)
2.50%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%†
Balance Transfer Rate
22.99%†
Cash Advance APR
22.99%†
Annual Fee
$0
Foreign Transaction Fee
2.50%
The CIBC Dividend Visa offers 2.00% cash back on eligible grocery purchases and up to 1.00% cash on eligible gas, EV charging, transportation, dining purchases and recurring payments when the welcome offer ends†.
On the other hand, Rogers Red Mastercard lets you earn 2.00% in unlimited cashback for all purchases as a Rogers customer.
Rogers Red Mastercard vs. Tangerine Money-Back Visa
Tangerine Money-Back Credit Card
4.0
10% back
Welcome offerGood
Suggested credit scoreGet 10% cash back on up to $1,000 in everyday purchases made within 2 months. Pay only 1.95% balance transfer interest for the first 6 months.
Expires
Nov 1, 2024
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
Eligibility
Good
Recommended Credit Score
$12,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$12,000
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
2%
Get a Tangerine Savings account and add a 3rd 2% cash back category.
3
Earn 0.50% on all your other everyday purchases.
0.5%
19.95% - 24.95%
Variable APR
1.95%
Balance Transfer Rate 19.95%
19.95%
Cash Advance APR $3.50 within Canada, $5.00 outside Canada
$0
Annual Fee $0 for additional cardholders
2.50%
Foreign Transaction Fee
Variable APR
19.95% - 24.95%
Balance Transfer Rate
1.95%
Cash Advance APR
19.95%
Annual Fee
$0
Foreign Transaction Fee
2.50%
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
Eligibility
Good
Recommended Credit Score
$12,000
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$12,000
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
2%
Get a Tangerine Savings account and add a 3rd 2% cash back category.
3
Earn 0.50% on all your other everyday purchases.
0.5%
19.95% - 24.95%
Variable APR
1.95%
Balance Transfer Rate 19.95%
19.95%
Cash Advance APR $3.50 within Canada, $5.00 outside Canada
$0
Annual Fee $0 for additional cardholders
2.50%
Foreign Transaction Fee
Variable APR
19.95% - 24.95%
Balance Transfer Rate
1.95%
Cash Advance APR
19.95%
Annual Fee
$0
Foreign Transaction Fee
2.50%
The Tangerine Money-Back Credit Card offers 2% unlimited cashback on all purchases for up to three different categories, with other transactions earning you a 0.50% cashback rate. On the flip side, Rogers customers are able to earn 2% unlimited cashback on all purchases, regardless of the category.
One of the main criticisms of the Tangerine card is that Costco purchases don’t fall under the grocery category. If you’re a Rogers customer looking to earn the most cashback rewards, you’ll want to go with the Rogers Mastercard.
| Features | Rogers Red Mastercard | Tangerine Money-Back Visa Card |
|---|---|---|
| Annual fee | None | None |
| Welcome offer | $60 cash back when you make a mobile wallet purchase within the first 90 days and 6 automatic payments within the first 8 months | Get an extra 10% cash back on up to $1,000 in everyday purchases within your first 2 months. Get 1.95% interest on balance transfers for your first 6 months. |
| Insurance | None | Purchase assurance and extended warranty |
| Benefits | 2% back on all eligible non-U.S. dollar purchases for eligible Rogers customers | You can earn 2.00% in unlimited cash back for purchases in up to 3 categories |
| Review | You’re reading it | Tangerine Money-Back Visa card review |
| Apply Today | Apply Now | Apply Now |
Is the Rogers Red Mastercard worth it?
If you’re already a Rogers customer or have been thinking of switching over, this credit card is perfect because you don’t have to pay an annual fee, and you can earn lucrative cash back on your purchase. If you’re not a Rogers customer, you’ll earn an unlimited 1.00% in cash back on all purchases, which isn't the best offer on the market.
Rogers Red Mastercard eligibility criteria
Here are the eligibility requirements for the Rogers Mastercard:
- Minimum income: Any
- Recommended credit score: Good credit score (660 to 724)
- Must be a permanent Canadian resident and the age of majority in the province in which you reside.
†Terms and Conditions apply
The information for the CIBC Dividend Visa Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
FAQs
Martin Dasko has been helping millennials make sense of their finances without missing out on life since 2008. Martin started his financial writing career as a business major in Ryerson when he realized that there was so much school didn't teach us about managing money. Martin covers topics ranging from investing in real estate to trying to build your credit score without letting life pass you by.
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