Rogers Red World Elite Mastercard Review 2024: Is It Worth It?
May 13, 2024The Rogers Red World Elite Mastercard offers unlimited cash-back on every eligible dollar spent with accelerated rates on U.S. dollar purchases.
This no-fee credit card is marketed to travellers seeking the flexibility of cash-back rewards.
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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
Mediocre Trustpilot rating: 1.9 out of 5 possible stars based on 15 customer reviews, as of this writing. Its parent company, Rogers Communications, receives a Trustpilot rating of 1.3 out of 5 possible stars based on over 1,700 customer reviews, as of this writing.
Poor Better Business Bureau rating: 1 out of 5 possible stars based on over 25 customer reviews, as of this writing. Its parent company, Rogers Communications, receives 1.1 out of 5 possible stars based on over 430 customer reviews, as of this writing.
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:
Be a Canadian resident.
Be at least the age of majority for your province or territory.
Not have declared bankruptcy in the past seven years.
Have a minimum annual income of $80,000 or household income of $150,000.
Maintain a minimum spend of $15,000 annually.
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. Otherwise 1.5% unlimited cash back on all other non-U.S. dollar purchases.
The Rogers Red World Elite® Mastercard® earns unlimited 3% cash back on U.S. dollar purchases and 2% unlimited cash back on all non-U.S. dollar purchases if you have at least one qualifying service with Rogers, Fido or Shaw (Otherwise 1.5% unlimited cash back on all other non-U.S. dollar purchases). 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:
Select the Apply Now button from the Rogers Red World Elite® Mastercard® page on the Rogers Bank website.
Confirm your eligibility for the Rogers Red World Elite® Mastercard® by selecting your responses to the eligibility questionnaire.
Review the card’s terms and conditions and select Continue.
Enter your personal details, including your full name, date of birth, phone number, email address, residential address and employment status.
Tell Rogers Bank about your finances, including your annual personal income, household income and residential status.
Review the information you’ve entered and select Continue.
Review the card’s insurance coverage, as well as the terms and conditions.
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.
Rewards breakdown
Rewards breakdown
NerdWallet's take
NerdWallet's take
Card details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card detailsReasons you might want a different card
The Rogers Red World Elite® Mastercard® may not be a practical fit if:
You don’t make many U.S. dollar purchases.
You want a card with more travel perks, like priority boarding or free checked bags.
You’d prefer to earn different rewards, like points or miles.
Rogers Red World Elite® Mastercard® facts
Rogers Red World Elite® Mastercard® | |
Card type | |
Fees and interest rates | |
Annual fee | $0.00 |
Regular/purchase APR | 20.99%. |
Penalty APR | 25.99% if you miss two payments within a 12-month period. |
Cash advance APR | 22.99%. |
Cash advance fee | $5 per transaction. |
Balance transfer APR | 22.99%. |
Balance transfer fee | 3% of the transaction amount. |
Foreign transaction fee | 2.5% of the transaction amount. |
Rewards and benefits | |
Intro offer | N/A. |
Reward earn rates |
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Other perks |
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Insurance coverage | |
Travel medical | Up to $1 million for medical emergencies. |
Trip interruption | Up to $5,000 for all insured persons combined. |
Trip cancellation | Up to $5,000 for all insured persons combined. |
Rental car theft/damage | For up to 31 days. |
Extended warranty | Up to one additional year. |
Purchase Protection | 90 days. |
Methodology
BACK TO TOPNerdWallet 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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