Quick overview

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 it for?

Who’s the Rogers Red Mastercard® for?

With no annual fee and the ability to earn unlimited cash back 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 and cons

Pros

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

Cons

  • Best deals are only available to Rogers customers

  • No insurance coverage

Welcome bonus

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

How to earn rewards with the Rogers Red Mastercard®

The Rogers Red Mastercard® offers the best cash back 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% unlimited cash back on all USD purchases and 1% unlimited cash back on all other eligible purchases. 

How to redeem

How to redeem rewards with the Rogers Red Mastercard®

Rewards can be redeemed through the Rogers Bank mobile app, where cash back 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.

Key benefits

Rogers Red Mastercard® key benefits

  • 2% 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
Insurance coverage

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

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 cash back 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 it compares

How the Rogers Red Mastercard® compares

Rogers Red Mastercard® vs. Rogers Red World Elite® Mastercard®

Rogers Red World Elite® Mastercard®

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4.2

Excellent

Suggested credit score

to 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

Recommended Credit Score

Excellent

Required Annual Personal Income

$80,000

Required Annual Household Income

$150,000

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

Recommended Credit Score

Excellent

Required Annual Personal Income

$80,000

Required Annual Household Income

$150,000

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

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$0

Foreign Transaction Fee

2.5%

The Rogers Red World Elite® Mastercard® is ideal for those who travel often, as it offers extended insurance and protection. Rogers customers can earn up to 3% cashback on all purchases with both cards, but not everyone will meet the minimum income of $80,000 to qualify for the Rogers Red World Elite Mastercard®.

When it comes to finding a cash back credit card with no annual fee, the Rogers Red Mastercard® is the better option.

Rogers Red Mastercard® vs. CIBC Dividend Visa

CIBC Dividend® Visa* Card

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3.2

Low intro APR

Welcome offer

Good

Suggested credit score

Get 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

Recommended Credit Score

Good

Required Annual Household Income

$15,000†

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

Recommended Credit Score

Good

Required Annual Household Income

$15,000†

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

Purchase APR

20.99%†

Balance Transfer Rate

22.99%†

Cash Advance APR

22.99%†

Annual Fee

$0

Foreign Transaction Fee

2.5%

The CIBC Dividend Visa offers 2% cash back on eligible grocery purchases and up to 1% 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% in unlimited cashback for all purchases as a Rogers customer. 

Rogers Red Mastercard® vs. Tangerine Money-Back Visa

Tangerine Money-Back Credit Card

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4.0

Good

Suggested credit score

to receive the latest news, tips and offers by email

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

Recommended Credit Score

Good

Required Annual Personal Income

$12,000

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

Recommended Credit Score

Good

Required Annual Personal Income

$12,000

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%

Variable APR

19.95% - 24.95%

Balance Transfer Rate

1.95%

Cash Advance APR

19.95%

Annual Fee

$0

Foreign Transaction Fee

2.5%

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 cash back 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 Red 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
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% 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 it worth it?

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% in cash back on all purchases, which isn't the best offer on the market. 

Eligibility

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

FAQs

  • Is it easy to get a Rogers Red Mastercard®?

    +

    Yes, you can apply for a Rogers Red Mastercard® and get instantly approved. Your credit card can arrive in a few business days. Since there isn’t a minimum income required, you don’t have to stress about getting denied due to your salary.

  • How can I increase my Rogers Red Mastercard® credit limit?

    +

    After establishing a credit history for six months, you can contact Rogers to request a limit increase.

  • What is the interest rate on a Rogers Red Mastercard®?

    +

    This card has an APR of 20.99% and a cash advance APR of 22.99%.

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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