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Published May 13, 2024
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Rogers Red World Elite Mastercard Review 2024: Is It Worth It?

The Rogers Red World Elite Mastercard offers unlimited cash-back on every eligible dollar spent with accelerated rates on U.S. dollar purchases.

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4.5

NerdWallet Rating

Best for travellers who make frequent purchases in U.S. dollars.

Travellers who frequently spend money in the States will get the best rate from this card. But a solid 1.5% baseline rate on regular purchases could make the Rogers Red World Elite® Mastercard® a contender for everyday spenders.

Learn more about how we evaluate cards.

    This no-fee credit card is marketed to travellers seeking the flexibility of cash-back rewards.

    Rogers Red World Elite® Mastercard®

    Rogers Red World Elite® Mastercard®
    • Annual Fee
      $0
    • Interest Rates
      20.99% / 22.99%
    • Rewards Rate
      1.5%-3%
    • Intro Offer
      N/A
    Card details
    • 3% unlimited cash back on U.S. dollar purchases.
    • 2% cash back – no limits. Exclusively for eligible Rogers, Fido or Shaw customers.
    • 1.5% unlimited cash back on eligible non-U.S. dollar purchases.
    • 5 Roam Like Home days at no cost with an eligible Rogers mobile plan (up to $75 value).
    • 50% more cash back every time you redeem for Rogers, Fido or Shaw purchases.
    • No Annual Fee.
    • Complimentary membership to Mastercard Travel Pass provided by DragonPass – Access to over 1,300 airport lounges worldwide ($32 USD per person per visit).
    • Eight types of insurance provided, including 10-day travel medical benefits for those up to age 64 — up to $1 million in coverage. Three days of medical benefits are provided for those age 65 to 75.
    • Preferred rates: 19.99% for purchases, 22.99% for cash advances.
    • To be eligible, $80,000 (individual) or $150,000 (household) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
    • Rogers Bank is not responsible for maintaining or controlling the accuracy of the information published on this website. For full and up-to-date product information, visit Rogersbank.com.

    Rogers Red World Elite® Mastercard® full review

    The Rogers Red World Elite® Mastercard® is a cash-back credit card with no annual fee. It’s one of two Rogers Bank credit cards currently accepting applicants. Cardholders earn unlimited cash back with no annual spending caps and receive several types of travel insurance coverage.

    Benefits of the Rogers Red World Elite® Mastercard®

    One of this card’s standout features is its cash-back rate of 3% on U.S. dollar purchases — and that’s because credit cards that specifically reward USD spending are few and far between. Sweetening the deal is airport lounge access for $32 USD per person per visit. 

    Cardholders also benefit from travel insurance and pay no annual fee to carry the card.

    Drawbacks of the Rogers Red World Elite® Mastercard®

    The Rogers Red World Elite® Mastercard®’s travel insurance doesn’t cover delayed flights and baggage or hotel burglaries. Plus, its airport lounge access comes at a cost. It’s also missing some travel perks offered by competing cards, like priority boarding and free checked bags.

    Who should get the Rogers Red World Elite® Mastercard®?

    Travellers who make frequent purchases in U.S. dollars or everyday spenders seeking cash-back rewards stand to benefit most from the Rogers Red World Elite® Mastercard®’s rewards rates and travel perks.

    Is the Rogers Red World Elite® Mastercard® worth it?

    Whether the Rogers Red World Elite® Mastercard® makes sense for your wallet largely depends on your spending habits. There’s no annual fee to recoup, which is a point in its favour. That said, the card offers its highest cash-back rate on purchases made in U.S. dollars, so cardholders who like to spend in the States are best positioned to maximize the card’s value.

    Rogers Bank customer ratings

    Rogers Red World Elite® Mastercard® eligibility

    Who qualifies for the Rogers Red World Elite® Mastercard®?

    To qualify for the Rogers Red World Elite® Mastercard®, you must:

    Approximate credit score needed for approval

    Canadian credit card issuers rarely disclose required credit scores, which makes it hard to know your chances of approval when comparing credit cards. However, higher scores generally mean better chances of approval, and that’s true regardless of the type of credit you’re applying for.

    Want to learn more? Visit our “What Credit Score is Needed for a Credit Card?” page.

    Rogers Red World Elite® Mastercard® rewards

    Cardholders earn cash-back rewards at the following rates:

    • 3% unlimited cash back on all U.S. dollar purchases.
    • 2% unlimited cash back on all non-U.S. dollar purchases if you have at least one qualifying service with Rogers, Fido or Shaw.
    • 1.5% unlimited cash back on all other purchases.

    The Rogers Red World Elite® Mastercard® earns unlimited 3% cash back on U.S. dollar purchases, 2% unlimited cash back on all non-U.S. dollar purchases if you have at least one qualifying service with Rogers, Fido or Shaw and 1.5% on everything else. Cardholders who make large or frequent U.S. dollar purchases stand to earn more than those who don’t. But a healthy 1.5% cash-back rate on everyday spending means there are rewards to be gained with any purchase. 

    The card also carries a respectable insurance coverage bundle, which offers additional value should it ever need to be used. 

    The Rogers Red World Elite® Mastercard® does not have a welcome offer as of this writing.

    How to apply for the Rogers Red World Elite® Mastercard®

    The application process for the Rogers Red World Elite® Mastercard® can be completed online:

    1. Select the Apply Now button from the Rogers Red World Elite® Mastercard® page on the Rogers Bank website. 
    2. Confirm your eligibility for the Rogers Red World Elite® Mastercard® by selecting your responses to the eligibility questionnaire. 
    3. Review the card’s terms and conditions and select Continue.
    4. Enter your personal details, including your full name, date of birth, phone number, email address, residential address and employment status.
    5. Tell Rogers Bank about your finances, including your annual personal income, household income and residential status.
    6. Review the information you’ve entered and select Continue.
    7. Review the card’s insurance coverage, as well as the terms and conditions.
    8. Submit your application.

    Rogers Red World Elite® Mastercard® vs Tangerine World Mastercard®

    Both of these credit cards earn cash back, but eligibility criteria and earn rates vary.

    Rogers Red World Elite® Mastercard®Tangerine World Mastercard®
    Annual fees$0.$0.
    Minimum annual income$80,000 ($150,000 household).$60,000 ($100,000 household).
    Cash-back rates

    • 3% unlimited cash back on all U.S. dollar purchases.

    • 2% unlimited cash back on all non-U.S. dollar purchases if you have at least one qualifying service with Rogers, Fido or Shaw.

    • 1.5% unlimited cash back on all other purchases.


    • 2% unlimited cash back from up to three money-back categories of the cardholder's choice.

    • 0.5% unlimited cash back on all other purchases.

    Benefits

    • Airport lounge access (for a fee).

    • Travel insurance.

    • Rental car insurance.

    • Purchase protection.
    • Extended warranty.


    • Airport lounge access (for a fee).

    • Boingo Wi-Fi worldwide.

    • Rental car insurance.

    • Mobile device insurance.

    • Purchase protection.
    • Extended warranty.

    Reasons you might want a different card

    The Rogers Red World Elite® Mastercard® may not be a practical fit if:

    Rogers Red World Elite® Mastercard® facts

    Rogers Red World Elite® Mastercard®
    Card typeCash back credit card.
    Fees and interest rates
    Annual fee$0.
    Regular/purchase APR20.99%.
    Penalty APR25.99% if you miss two payments within a 12-month period.
    Cash advance APR22.99%.
    Cash advance fee$5 per transaction.
    Balance transfer APR22.99%.
    Balance transfer fee3% of the transaction amount.
    Foreign transaction fee2.5% of the transaction amount.
    Rewards and benefits
    Intro offerN/A.
    Reward earn rates

    • 3% unlimited cash back on all U.S. dollar purchases.

    • 2% unlimited cash back on all non-U.S. dollar purchases if you have at least one qualifying service with Rogers, Fido or Shaw.

    • 1.5% unlimited cash back on all other purchases.

    .
    Other perks

    • Mastercard Travel Pass provided by DragonPass offers access to over 1,300 airport lounges worldwide (for a fee).

    • Travel insurance.

    • Apple, Google and Samsung Pay compatible.

    • Transaction monitoring and fraudulent activity alerts.

    Insurance coverage
    Travel medicalUp to $1 million for medical emergencies.
    Trip interruptionUp to $5,000 for all insured persons combined.
    Trip cancellationUp to $5,000 for all insured persons combined.
    Rental car theft/damageFor up to 31 days.
    Extended warrantyUp to one additional year.
    Purchase Protection90 days.

    Rating Methodology

    NerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation methodology include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.

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