Quick overview of the Rogers Red World EliteĀ® MastercardĀ®
Rogers, better known for its communication and media business than its financial services, is clearly aiming to shake up Canadaās credit card market with its Rogers Red World EliteĀ® MastercardĀ®. This card stands out for its rewards USD purchases, making it a great option for frequent cross-border shoppers.
We've thoroughly reviewed the Rogers Red World EliteĀ® MastercardĀ® to help you decide if it fits your lifestyle and spending needs.
Who's it for?
The Rogers Red World EliteĀ® MastercardĀ® is a great option for Canadian travelers looking to make up for the foreign transaction fees theyāre charged on US purchases, while still retaining the ability to generate significant cash back rewards on their purchases at home in CAD. All in all, if youāre looking for a no annual fee credit card that nullifies FX charges and offers an enticing lineup of other perks, the Rogers Red World EliteĀ® MastercardĀ® is a superlative option.
Pros and cons
- 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
- High income requirement: $80,000 personal or $150,000 household
- Foreign transaction fee applies
- Limited redemption options for statement credits
The Rogers Red World EliteĀ® MastercardĀ® gives cardholders some of the best cash back rewards rates available for a no-fee cardāfor both USD and domestic purchases. Cardholders receive:
- 3% unlimited cash back on all eligible purchases made in U.S. dollars
-
2% unlimited cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw
-
1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
While it does charge a forex fee of 2.5% of the transaction in CDN, the fee is offset (and then some) by the cash back rewards rate of 3% on purchases made in US dollars.
1 Cash advances, balance transfers, interest, fees and foreign transactions (including online purchases in foreign currencies) are not eligible for CashBack Rewards.
Rewards can be redeemed for a statement credit against Rogers, Fido or chatr products or services ā but also on-demand against other everyday items on your Rogers Red World EliteĀ® MastercardĀ® balance such as gas, groceries, travel, restaurants and more. This is accomplished by redeeming as little as $20 at a time on the handy Mastercard Pay with Rewards application, but also the Pay with Rewards portal on the card website.
A once-yearly lump statement credit can be applied directly to the card balance during the month of January (whenever the statement arrives depending on the dates set by the cardholder for billing) if preferred. To receive the statement credit, a cardholder has two paths they can pursue:
- Call Rogers before December 1 to notify them that you want your cash back rewards in January
- Send secured correspondence through the Rogers customer support system (also before December 1). In-person or email activation of this option are unavailable.
The Rogers Red World EliteĀ® MastercardĀ® comes with some travel insurance benefits which are a welcome addition to a no-fee card. These include:
- Extended warranty and purchase protection: You'll receive an extended 1-year warranty on items bought using this card, along with 90-day protection against theft or damage from the purchase date
- Rental car collision/Damage: This policy covers rental vehicles with an MSRP up to $65,000
- Out-of-province/Out-of-country emergency medical: You get $1 million in coverage for up to 10 days if you are 64 years or under and 3 days of coverage if you're 65+
- Trip interruption and trip cancellation: You are insured for $1,000 per person
Extra benefits
- Complimentary membership to Mastercard Travel Pass provided by DragonPass with access to over 1,300 airport lounges worldwide at USD$32 per person per visit
How the Rogers Red World EliteĀ® MastercardĀ® compares
10% cash back
Welcome Bonus
$484
First Year Value
$384
Annual Value
Welcome Bonus: Earn 10% cash back for 2 monthsā (up to $100). Expires Aug 31, 2025
Get this card if you...
-
want flexible cash back categories
-
want unlimited cash back
-
want to avoid paying an annual fee
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash backāno 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
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
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 10% cash back for 2 monthsā (up to $100).
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash backāno 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
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
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 10% cash back for 2 monthsā (up to $100).
The Tangerine Money-Back Credit Card offers a 2% unlimited cash back on purchases within two or three selected categories. This card allows you to choose the cash back categories of your choice. On the other hand, the Rogers Red World EliteĀ® MastercardĀ® provides a 3% unlimited cash back solely on purchases made in US dollars, 2% unlimited cash back on all eligible non-U.S. dollar purchases (if you have one qualifying service with Rogers, Fido or Shaw)Therefore, if you frequently make transactions in US dollars, particularly during travel or online shopping, the Rogers Red World EliteĀ® MastercardĀ® would be the preferable choice for you. Both cards have no annual fee.
When it comes to insurance benefits, the Rogers Red World EliteĀ® MastercardĀ® provides you with more coverage.
Is it worth it?
With lucrative cash back rewards rates on both foreign currency and CAD purchases, as well as solid insurance benefits and no annual fee, this card may win over many Canadians looking for shelter from some foreign transaction fees and the chance to earn on their domestic purchases as well.
Rogers Red World EliteĀ® MastercardĀ® eligibility
To apply for the Rogers Red World EliteĀ® MastercardĀ® you must have a personal income of $80,000 or a household income of $150,000.
Legal
Standard rate on Purchases and Fees: 20.99%
Standard rate on Cash Advances, Cash-like Transactions and Balance Transfers: 22.99%
If you are not approved for an Account at the above rates and you reside outside Quebec, we may still issue you an Account at our alternate interest rates, as follows: Rate for Purchases and Fees: 25.99% Rate for Cash Advances, Cash like Transactions and Balance Transfers: 27.99%
Terms and conditions apply. For full and up-to-date product information and applicable terms and conditions, visit Rogersbank.com. Rogers Bank is not responsible for maintaining or controlling the accuracy of the information published on this website.
Ā®/TM Mastercard and World Elite are registered trademarks and the circles design is a trademark of Mastercard International Incorporated. Used under license.
TM Rogers and Mobius Design, Rogers Bank and related marks, logos and brand names are trademarks of Rogers Communications Inc., or an affiliate, used under license. Ā© 2025 Rogers Bank.
Rogers Bank is the issuer of this credit card.
