Quick overview of Rogers Red Mastercard®
The Red Mastercard is a no-nonsense cash back credit card from Rogers, one of the newer credit card issuers on the market. Despite that lack of pedigree the Rogers Red Mastercard® is an exciting no annual fee rewards cards that earns unlimited cash back on all purchases, with even more cash back when you have an existing Rogers, Fido or Shaw service.
Who’s the Rogers Red Mastercard® for?
With no annual fee and the ability to earn unlimited cash back rewards, this credit card is ideal for Canadians who are already using Rogers's services and want to maximize their spending. It is a smart financial move that puts money back in your pocket with every purchase.
If you are already a Rogers customer, the Rogers Red Mastercard® is the perfect card for you. The perks make it a no-brainer as it is specifically designed for current Rogers, Shaw, or Fido customers.
But the Rogers Red Mastercard is also makes sense for anyone who wants a no-nonsense cash back card and frequently travels to the United States. The card earns 2% back on all eligible purchases made in U.S. dollars., meaning even if you don't have an eligible Rogers service you can still earn big rewards in USD.
Pros and cons
Pros
-
2% in unlimited cash back on all purchases for customers of Rogers
-
The ability to earn 3% cash back value when you redeem with Rogers
-
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
-
Best deals are only available to Rogers customers
-
No insurance coverage
Rogers Red Mastercard® welcome bonus
New Rogers Red Mastercard® cardholders can earn $60 cash back by meeting minimum spending targets:
- Earn $60 cash back when you make a mobile wallet purchase within the first 90 days and 6 automatic payments within the first 8 months for your Rogers, Fido or Shaw postpaid service
How to earn rewards with the Rogers Red Mastercard®
The Rogers Red Mastercard® offers the best cash back rewards structure for current customers. Customers of a qualifying Rogers service get 2% back on all eligible non-U.S. dollar purchases for eligible Rogers customers. Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases, too, another great feature.
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 cash back 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.
Rogers Red Mastercard® key benefits
- 2% cash back on all purchases made in USD for all users
- Rogers customers have five free Roam Like Home days, which allow them to save up to $75 when they travel and enable their data
- Cash back rewards are easy to redeem through the mobile app
Rogers Red Mastercard® insurance coverage
The Rogers Red Mastercard® falls short in terms of insurance coverage. This is a significant drawback of the card. While the absence of coverage may not be a major concern for infrequent travelers, it is worth noting that the card also lacks purchase protection and extended warranty protection. Consequently, your purchases may not be as secure as they would be with an alternative card.
Extra benefits of the Red Mastercard® from Rogers
- Zero liability in the event of unauthorized use.
- No income requirement to qualify.
What people have to say about this card
On Reddit’s Personal Finance Canada subreddit, people are surprised by the high unlimited cash back 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.
Rogers Red Mastercard review from a new cardholder
*Video produced by Martin Dasko on YouTube. See Account Provider's website for complete account details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
How the Rogers Red Mastercard® compares
Rogers Red Mastercard® vs. Rogers Red World Elite® Mastercard®
$349
First Year Value
$289
Annual Value
Get this card if you...
-
want to earn cash back with no annual fee
-
are an existing Rogers or Fido customer
-
want complimentary lounge access
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
-
Our Take
Rogers Red World Elite® Mastercard® ReviewThe Rogers™ World Elite® Mastercard® is a no-annual-fee credit card offering elevated cash back rates on purchases made in U.S. dollars, with a standard rate on all other eligible purchases. Cardholders benefit from comprehensive insurance coverage, including emergency medical and rental car collision/damage protection, as well as access to over 1,300 airport lounges worldwide through Mastercard Travel Pass provided by DragonPass; however, the card has a high income requirement.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
-
Pros
-
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
Cons
-
High income requirement: $80,000 personal or $150,000 household
-
Foreign transaction fee applies
-
Limited redemption options for statement credits
-
-
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
$2.5
Foreign Transaction
3.00%
Balance Transfer
-
Rewards cash back
3%
Earn 3% unlimited cash back on purchases made in US dollars
2%
Earn 2% unlimited cash back on all eligible non-US dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw
1.5%
Earn 1.5% unlimited cash back on everything else
1.5x Cash Back
Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
Insurance Benefits
$1,000,000
Emergency medical insurance amount
$3
Emergency medical insurance over 65 days
$65,000
Rental car insurance amount
Our Take
The Rogers™ World Elite® Mastercard® is a no-annual-fee credit card offering elevated cash back rates on purchases made in U.S. dollars, with a standard rate on all other eligible purchases. Cardholders benefit from comprehensive insurance coverage, including emergency medical and rental car collision/damage protection, as well as access to over 1,300 airport lounges worldwide through Mastercard Travel Pass provided by DragonPass; however, the card has a high income requirement.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
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
Cons
-
High income requirement: $80,000 personal or $150,000 household
-
Foreign transaction fee applies
-
Limited redemption options for statement credits
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
$2.5
Foreign Transaction
3.00%
Balance Transfer
Rewards cash back
3%
Earn 3% unlimited cash back on purchases made in US dollars
2%
Earn 2% unlimited cash back on all eligible non-US dollar purchases if you have 1 qualifying service with Rogers, Fido or Shaw
1.5%
Earn 1.5% unlimited cash back on everything else
1.5x Cash Back
Get 1.5x more cash back every time you redeem for Rogers, Fido or Shaw purchases
Insurance Benefits
$1,000,000
Emergency medical insurance amount
$3
Emergency medical insurance over 65 days
$65,000
Rental car insurance amount
The Rogers Red 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 Red World Elite Mastercard®.
When it comes to finding a cash back credit card with no annual fee, the Rogers Red Mastercard® is the better option.
Rogers Red Mastercard® vs. CIBC Dividend® Visa* Card
$249
First Year Value
$0
Annual Value
Get this card if you...
-
want to earn cash back with no annual fee
-
want flexibility in redeeming cash back
-
want purchase protection and extended warranty coverage
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
-
Our Take
CIBC Dividend® Visa* Card ReviewThe CIBC Dividend® Visa* Card is a no-annual-fee cash back credit card offering elevated earn rates on eligible grocery purchases, with additional cash back on categories such as gas, electric vehicle charging, transportation, dining, and recurring payments. Cardholders benefit from features like purchase security, extended protection insurance, and the ability to redeem cash back at any time through CIBC Online and Mobile Banking.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Household Income
-
Pros
-
No annual fee
-
High earn rates on popular spending categories
-
Up to three additional cards at no extra cost
-
Low required household annual income of $15,000†
-
No limit on the cash back you can earn†
Cons
-
Low earn rates on everyday spending
-
Only option to redeem cash back rewards is statement credit
-
-
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
Fees
$0
Annual Fee
$2.5
Foreign Transaction
$5
Cash Advance
$29
Over The Limit Penalty
$42.5
Return Penalty
-
Rewards cash back
2%
Get 2% cash back on eligible grocery purchases†
1%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
0.5%
0.5% cash back on all other purchases†
$0.10
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Insurance Benefits
$100,000
Travel accident insurance amount
-
Get up to 10 cents off per litre at participating gas stations with Journie Rewards
Our Take
The CIBC Dividend® Visa* Card is a no-annual-fee cash back credit card offering elevated earn rates on eligible grocery purchases, with additional cash back on categories such as gas, electric vehicle charging, transportation, dining, and recurring payments. Cardholders benefit from features like purchase security, extended protection insurance, and the ability to redeem cash back at any time through CIBC Online and Mobile Banking.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Household Income
Pros
-
No annual fee
-
High earn rates on popular spending categories
-
Up to three additional cards at no extra cost
-
Low required household annual income of $15,000†
-
No limit on the cash back you can earn†
Cons
-
Low earn rates on everyday spending
-
Only option to redeem cash back rewards is statement credit
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
Fees
$0
Annual Fee
$2.5
Foreign Transaction
$5
Cash Advance
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards cash back
2%
Get 2% cash back on eligible grocery purchases†
1%
cash back on eligible gas, EV charging, transportation, dining purchases and recurring payments†
0.5%
0.5% cash back on all other purchases†
$0.10
Save up to 10 cents off per litre on gas with CIBC and Journie Rewards at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Insurance Benefits
$100,000
Travel accident insurance amount
Get up to 10 cents off per litre at participating gas stations with Journie Rewards
The CIBC Dividend® Visa* Card 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.
†Terms and Conditions Apply. This offer is not available for residents of Quebec.
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.
Rogers Red Mastercard® vs. Tangerine Money-Back Visa
$484
First Year Value
$384
Annual Value
Welcome Bonus: Get a bonus 10% cash back for the first 2 months – up to $100. Plus, a 1.95% promotional balance transfer interest rate for the first 6 months.
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
Tangerine Money-Back Credit Card ReviewThe 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 back—no 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
$2.5
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.
-
Get a bonus 10% cash back – up to $100. Applies to purchases in your first 2 months. Plus, a 1.95% promotional balance transfer interest rate for the first 6 months.
The Tangerine 10% Limited-time Promotional Offer (the “Offer”) is only available to new Tangerine Credit Card Account holders who (i) apply for a Tangerine World Credit Card (the “Account”) by January 31, 2025, (ii) activate their Account within 45 days of approval, and (iii) have up to a maximum of $1,000 in total Net Purchases posted to their Account within the 60-day period beginning on the date the Tangerine World Credit Card is activated. Limit of one Offer per eligible Client. This Offer is non-transferable. Offer may be changed, cancelled or extended at any time. All other Account terms, including the Tangerine Money-Back Rewards program terms, remain unchanged and continue to apply. See the Tangerine Credit Card Cardholder Agreement for more details, including definitions of any capitalized terms.
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 back—no 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
$2.5
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.
Get a bonus 10% cash back – up to $100. Applies to purchases in your first 2 months. Plus, a 1.95% promotional balance transfer interest rate for the first 6 months.
The Tangerine 10% Limited-time Promotional Offer (the “Offer”) is only available to new Tangerine Credit Card Account holders who (i) apply for a Tangerine World Credit Card (the “Account”) by January 31, 2025, (ii) activate their Account within 45 days of approval, and (iii) have up to a maximum of $1,000 in total Net Purchases posted to their Account within the 60-day period beginning on the date the Tangerine World Credit Card is activated. Limit of one Offer per eligible Client. This Offer is non-transferable. Offer may be changed, cancelled or extended at any time. All other Account terms, including the Tangerine Money-Back Rewards program terms, remain unchanged and continue to apply. See the Tangerine Credit Card Cardholder Agreement for more details, including definitions of any capitalized terms.
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 0.5% cashback rate. On the flip side, Rogers customers are able to earn 2% unlimited cash back 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 Red Mastercard®.
| Features |
Rogers Red Mastercard®
|
Tangerine Money-Back Visa Card |
|---|---|---|
| Annual fee | None | None |
| Welcome offer | $60 cash back when you make a mobile wallet purchase within the first 90 days and 6 automatic payments within the first 8 months | |
| Insurance | None | Purchase assurance and extended warranty |
| Benefits | 2% back on all eligible non-U.S. dollar purchases for eligible Rogers customers | 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 | Read Review |
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 lucrative 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.
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.
†Terms and Conditions apply
FAQs
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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The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.
†Terms and Conditions apply.