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Mr. Loonie
Rogers Red World Elite® Mastercard®

Rogers Red World Elite® Mastercard®

7.7
Good
Expert Score · 9 reviews How we score

Best for: People who spend in US dollars and want cash back with no annual fee

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Year one
$600
Every year after
$560

Ranked #63 of 176 for year one. See the list

See how we worked it out
Welcome offer you’d get
$40
The full offer. Up to $40 back.
Annual fee
None
Apply now on Rogers Bank’s site (opens in a new tab)
Needs $80,000 personal or $150,000 household income
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from Rogers Bank’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Welcome offer Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Is your personal income $80,000 or more, or your household’s $150,000 or more?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: No annual fee It costs nothing to keep.
  • Good: Welcome offer up to $40

Watch for

  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

  • Groceries $144
    1.5% back $800 a month · $144 a year
  • Restaurants $45
    1.5% back $250 a month · $45 a year
  • Gas $45
    1.5% back $250 a month · $45 a year
  • Recurring bills $45
    1.5% back $250 a month · $45 a year
  • Travel $27
    1.5% back $150 a month · $27 a year
  • Everything else $117
    1.5% back $650 a month · $117 a year
  • Foreign currency $27
    1.5% back $150 a month · $27 a year
For you Year one Later years
Cash back you earn $450 $450
Welcome offerYour spending wouldn’t reach it $40 $0
Annual fee $0 $0
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Travel medical insurance1 trip at $50 $50 $50
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Total $600 $560

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Everything else (base rate)
1.5% back 2% cash back on all eligible non-U.S. dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw

3% cash back on all your eligible purchases made in U.S. dollars

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Welcome offer

Can your spending get the offer?

At $2,500 a month, here’s when you’d reach each step.

  1. 1

    $40

    Spend $6,000 in your first 4 months.

    You’d reach it in month 3.

    • On purchases within the first 105 days and at least 1 purchase via your mobile wallet within 105 days of opening your credit card account
    • If you redeem the $40 cash back in full on eligible Rogers, Fido, Shaw or Comwave purchase(s), you will get 1.5x the redemption value, giving an extra $20 in cash back value— for a total of $60 in cash back rewards.

Offer end date not published.

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Personal income $80,000 or more Issuer says
  • Household income $150,000 or more Issuer says
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Checked on Nov 8, 2026. Source

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

7.7
Good
Expert Score How we score
  • Money.ca (opens in a new tab) Mar 2025
    6

    “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.”

  • Yore Oyster (opens in a new tab) Dec 2022

    “The Rogers World Elite Mastercard has outstanding features for travelers, especially for US dollar purchases. You can earn 1.5% cash back from eligible purchases without an annual fee. These factors make this credit card competitive, but it requires expensive annual spending and high-income requirements.”

  • SAVVY New Canadians (opens in a new tab) Aug 2022

    “If you do a lot of travelling to the U.S, the Rogers World Elite Mastercard can save you some money. While it charges the standard 2.5% foreign transaction fee, you get 3% cash back on US dollar purchases that pay the FX fees plus a gain of 0.5% in rewards. After downgrading the card to offer cashback on only US dollar purchases, frequent travellers who need a no-FX credit card will have to look elsewhere. The 1.50% cash back rewards on all other purchases remain competitive for a no-fee card.”

  • Rewards Canada (opens in a new tab) Jul 2022

    “The Rogers World Elite Mastercard is a strong cash back credit card that should be given consideration. The no annual fee, the low redemption requirement of only $10 and the earn rates all combine to make this card one of the better cash back cards in Canada. It doesn't hurt that it even has some travel insurance coverage and Mastercard TravelPass as additional benefits. If you don't travel often and aren't concerned with travel points or travel rewards this is definitely a card to take a look at.”

  • WealthAwesome (opens in a new tab) Jul 2022
    7

    “If you are a Rogers customer, travel a lot, and fall within a high-income bracket, you can opt for Rogers World Elite Mastercard. The card is particularly useful for all the shopping being paid in a foreign currency. You get to pay the foreign transaction fees while availing the 1.5% straight cash back in rewards. Also, the 1.75% cash back on general purchases in the Canadian dollar is not bad, given that it is a no-annual fee card.”

  • Offerhub.ca (opens in a new tab) May 2022
    8.5

    “The extensive travel protections also make this an ideal card for people who travel a lot. You get access to over 1,000 LoungeKey airport lounges so your vacation starts in luxury. You also receive trip cancellation or interruption protection along with emergency medical insurance. If you spend a lot of money in the U.S., this is also a good card for you. Cardholders get up to 3% cash back rewards when making purchases in U.S. dollars. If you travel or shop in the United States frequently, this card can help you receive more cash back rewards.”

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel medical Included
  • 5 Roam Like Home days at no cost every year for Rogers mobile plans (up to $90 value)
  • Complimentary membership to Mastercard Travel Pass provided by DragonPass
  • Trip Interruption
  • Trip Cancellation
  • Mobile wallets Apple Pay, Google Pay, Samsung Pay
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read Rogers Bank’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: trip cancellation, trip interruption, flight delay, lost baggage and mobile device.

Fees and interest

What it costs

Annual fee
None
Purchase interest
20.99%
Cash advance interest
22.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
None
Cash advance fee
$5.00
Balance transfer fee
3%
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
22.99%

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $600 year one, $560 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the Rogers Red World Elite® Mastercard®?

There is no annual fee.

How much is the Rogers Red World Elite® Mastercard® welcome offer worth?

$40 after you spend $6,000 in the first 4 months, worth about $40.

What income do I need?

Rogers Bank asks for $80,000 in personal income.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

20.99% on purchases. Cash advances are 22.99%.

Does it include insurance?

It lists extended warranty and purchase protection. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$600
year one for you
Apply now on Rogers Bank’s site (opens in a new tab)
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