Quick overview of Rogers Red Mastercard

Rogers is a recent addition to the financial services space in Canada as the communications and media company has started introducing credit cards. The Rogers Red Mastercard is the newest offering for those looking for a cash-back credit card with no annual fee.

Who’s the Rogers Red Mastercard for?

If you're already a Rogers customer, you'll want to get your hands on this card. The perks (more on those in a bit) make it a no-brainer since it's targeted at current Rogers, Shaw or Fido customers. 

With no annual fee and the opportunity to earn unlimited cashback rewards, this is the ideal credit card for Canadians already using Rogers's services and wanting to maximize their spending. It's a smart financial move that puts money back in your pocket with every purchase.

Rogers Red Mastercard welcome bonus

  • New cardholders can earn $60 cashback
  • To earn the $60, you have to make a mobile wallet purchase in the first 90 days and have six automatic payments within the first eight months for your Rogers, Fido, or Shaw postpaid service

Pros and cons

Pros

Pros

  • 2% in unlimited cash back on all purchases for customers of Rogers

  • The ability to earn 3% cash back on all purchases as a Rogers customer

  • 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

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% unlimited cash back on all eligible purchases and a 1.5x more cashback redemption bonus when they redeem their points with Rogers, Fido or Shaw. 

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 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.

Since the cash back earned on your card can be used towards any purchase, your best choice is to use your rewards to pay for a Rogers, Fido or Shaw bill, since you’ll also get 50% more value. You get $1.50 for every cashback dollar applied towards your Rogers, Fido or Shaw bill, which would give the card a 3% cash back rate if you’re already a customer. 

Rogers Red Mastercard key benefits

  • 2% cash back on all purchases made in USD for all users
  • Ideal cashback credit card for Rogers customers since you can get unlimited 3% cashback on all spending categories. When you use your cash back for any Rogers purchase, you get a 50% bonus on the value, which increases your earn rate to 3%
  • Rogers customers have five free Roam Like Home days, which allow them to save up to $75 when they travel and enable their data
  • Cashback rewards are easy to redeem through the mobile app

Rogers Red Mastercard insurance coverage

The Rogers Red Mastercard doesn’t provide any insurance coverage.

Extra benefits

  • Zero liability in the event of unauthorized use. 
  • No income requirement to qualify.

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. 

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. 

How the Rogers Red Mastercard compares

Rogers Red Mastercard vs. Rogers World Elite Mastercard

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% cashback on all purchases with both cards, but not everyone will meet the minimum income of $80,000 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

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

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 bonus An extra 10% back on up to $1,000 in everyday purchases made within first two months
Insurance None Purchase assurance and extended warranty
Benefits Up to 3% cash back for Rogers customers and five Roam Like Home days 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 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 up to 3% 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. 

†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

  • Is it easy to get a Rogers Red Mastercard?

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    Yes, you can apply for a Rogers Master 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?

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    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?

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    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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