Review: Rogers MasterCard Credit Cards

Review: Rogers MasterCard Credit Cards

Rogers Mastercard

This is the best time to have any of the Rogers MasterCard Credit Cards as they’ve taken the reward game a notch further. The Rogers MasterCard is among the few great rich cash back cards in the market with unique features that make them stand out. Rogers banks have made their MasterCard credit card worth having even if you’re not a Rogers customer.

If you take a close look at your expenses on a day-to-day basis, you will find out that its all add up to a fair amount. While with Rogers MasterCard, all of your transaction can be rewarding. The card has one of the best cash back reward rate in Canada for a no-fee card. Getting one of the three cards offered by Rogers bank will enable you to access the 3% – 4% unlimited cash back reward made in a foreign currency.

Perhaps if you’re someone who travels a lot, the Rogers MasterCard help subsidize your foreign transaction fees, offering you a massive 3% – 4% cash back rewards benefit when you travel outside Canada or purchase goods in a non-Canadian currency. With 1.25% or 1.75% unlimited cash back rewards on all other eligible purchases and a welcoming bonus of $25 in cash back rewards when you make your first card purchase within three months of receiving your card, Rogers MasterCard credit card is a must have for every household.

Offering three cards: Fido™ Mastercard®, Rogers™ Platinum Mastercard®, Rogers™ World Elite® Mastercard® which all comes with great reward plans. All the cards have no annual fee and come with an interest rate of 19.99% and 21.50% on cash-advance. While the Fido™ Mastercard® and Rogers™ Platinum Mastercard® come with no requirement aside from having a good credit score, the Rogers™ World Elite® Mastercard® has a requirement of $80,000 minimum annual personal income or $150,000 annual household income.

Credit Cards offered by Rogers Bank

Rogers bank provides three sets of MasterCard credit card with little differences among the three credit cards. Rogers banks have the Fido™ MasterCard®, Rogers™ Platinum Mastercard®, and Rogers™ World Elite® Mastercard®. The Fido™ Mastercard® is regarded as the least card while the Rogers™ World Elite® Mastercard® is classified as the highest rank Mastercard offered by Rogers bank.

The three cards vary by what they offer and their requirements. While all Rogers MasterCard cards as no annual fee and with a common rate of 19.99%, the Fido™ Mastercard®, and Rogers™ Platinum Mastercard® has similar offers and reward, compared to the Rogers™ World Elite® Mastercard® which has higher offers and premium reward compare to the other two cards.

Fido™ Mastercard®

Fido™ Mastercard®
Annual Fee $0
Interest on purchases 19.99%
Interest: cash advances 21.50%
Requirements Credit Approval
Welcome bonus Upon approval, you will get $25 in cash back rewards as a welcome bonus on your first purchase within 3 months of receiving your card.
Reward Get 3% unlimited cash back rewards on all your eligible purchases made in a foreign currency.

Get 2% unlimited cash back rewards on Fido™ products and services charged to your card including your Fido, Rogers™ or chatr™ monthly bill.

Get 1.25% unlimited cash back rewards on all other eligible purchases
Insurance Coverage None

Rogers™ Platinum Mastercard®

Rogers™ Platinum Mastercard®
Annual Fee $0
Interest on purchases 19.99%
Interest: cash advances 21.50%
Requirements Credit approval
Welcome bonus Earn $25 in cash back rewards as a welcome bonus on your first purchase within 3 months of receiving your card.
Reward Get 3% unlimited cash back rewards on all your eligible purchases made in a foreign currency.

Get 2% unlimited cash back rewards on Rogers™ products and services charged to your card including your Rogers, Fido™ or chatr™ monthly bill.

Get 1.25% unlimited cash back rewards on all other eligible purchases
Insurance Coverage None

Rogers™ World Elite® Mastercard®

Rogers™ World Elite® Mastercard®
Annual Fee $0
Interest on purchases 19.99%
Interest: cash advances 21.50%
Requirements Credit approval with a minimum income requirement of $80,000 annual personal income or $150,000 annual household income.
Welcome bonus Earn $25 in cash back rewards as a welcome bonus on your first purchase within 3 months of receiving your card.
Reward Get 4% unlimited cash back rewards on all your eligible purchases made in a foreign currency.

Get 2% unlimited cash back rewards on Rogers™ products and services charged to your card including your Rogers, Fido™ or chatr™ monthly bill.

Get 1.75% unlimited cash back rewards on all other eligible purchases
Insurance Coverage Purchase Protection and Extended Warranty
Out-of-Province/Out-of-Country Emergency Medical
Rental Car Collision/Damage
Trip Cancellation
Trip Interruption

Compare Rogers MasterCard Credit Cards

Choosing the Rogers MasterCard that is right for you will also mean you getting to see what they offer and how they compare with one another.

Fido™ Mastercard®Rogers™ Platinum Mastercard®Rogers™ World Elite® Mastercard®
Annual Fee $0 $0 $0
Interest rate on purchases 19.99% 19.99% 19.99%
Requirements Credit approval Credit approval Credit approval with a minimum income requirement of $80,000 annual personal income or $150,000 annual household income.
Grace Period 21 days 21 days 21 days
Earn Rate Get 3% unlimited cash back rewards on all your eligible purchases made in a foreign currency.

Get 2% unlimited cash back rewards on Fido™ products and services charged to your card including your Fido, Rogers™ or chatr™ monthly bill.

Get 1.25% unlimited cash back rewards on all other eligible purchases
Get 3% unlimited cash back rewards on all your eligible purchases made in a foreign currency.

Get 2% unlimited cash back rewards on Rogers™ products and services charged to your card including your Rogers, Fido™ or chatr™ monthly bill.

Get 1.25% unlimited cash back rewards on all other eligible purchases
Get 4% unlimited cash back rewards on all your eligible purchases made in a foreign currency.

Get 2% unlimited cash back rewards on Rogers™ products and services charged to your card including your Rogers, Fido™ or chatr™ monthly bill.

Get 1.75% unlimited cash back rewards on all other eligible purchases
Additional Cards Up to 9 for free Up to 9 for free Up to 9 for free
Welcome bonus Upon approval, you will get $25 in cash back rewards as a welcome bonus on your first purchase within 3 months of receiving your card. Earn $25 in cash back rewards as a welcome bonus on your first purchase within 3 months of receiving your card. Earn $25 in cash back rewards as a welcome bonus on your first purchase within 3 months of receiving your card.
Redemption options All reward you earn using your Rogers Fido™ Mastercard® can be redeemed in over 44 million locations worldwide that MasterCard is accepted as follows:

  1. Fido™ and Rogers™ products and services

2. Gas, groceries, restaurants and other everyday purchases

3. Flights, gifts, home improvements or other big ticket purchases – and more!
All reward you earn using your Rogers Platinum Mastercard® can be redeemed in over 44 million locations worldwide that MasterCard is accepted as follows:

1. Rogers™ and Fido™ products and services

2. Gas, groceries, restaurants and other everyday purchases

3. Flights, gifts, home improvements or other big ticket purchases – and more!
All reward you earn using your World Elite® Mastercard® can be redeemed in over 44 million locations worldwide that MasterCard is accepted as follows:

  1. Fido™ and Rogers™ products and services

2. Gas, groceries, restaurants and other everyday purchases

3. Flights, gifts, home improvements or other big ticket purchases – and more!
Insurance Coverage None None Purchase Protection and Extended Warranty
Out-of-Province/Out-of-Country Emergency Medical
Rental Car Collision/Damage
Trip Cancellation
Trip Interruption

Why choose a Rogers MasterCard?

Considering there are a lot of cash back credit cards in the market, the Rogers MasterCard cards offer one of the richest in reward, and the cards also come with no annual fee. Why other cash back credit card will limit where and how to get a maximum reward, all Rogers MasterCard gives you great flexibility.

Rogers MasterCard also has unlimited cash back reward and include the following benefits:

Chip & PIN technology
Mastercard® SecureCode Mastercard®
Zero Liability Tap and
Go Shopping

Benefits of Rogers MasterCard

For a cash back card with no annual fee, Rogers MasterCard has enormous benefits for her customers. While you will be charged 2.5% for all foreign transactions, you will also get 4% cash back for your purchases made outside of Canada or non-Canada currency.

Summary of Rogers MasterCard benefits:

1.25% – 1.75% cash back reward on purchases made within Canada. Either buying a new mac or paying for a service rendered in Canadian dollars, with Rogers MasterCard credit card you will get an unlimited 1.25% on Fido™ Mastercard® and Rogers™ Platinum Mastercard® and 1.75% on Rogers™ World Elite® Mastercard®.

3% – 4% Cashback reward on foreign transaction. Rogers MasterCard has made it easy to shop while outside Canada with their 3% foreign transaction cash back reward on Fido™ Mastercard® and Rogers™ Platinum Mastercard® and 4% on Rogers™ World Elite® Mastercard®

2% on Rogers products. You will also get unlimited 2% cashback with no restriction on Rogers products and services including Rogers, Fido and Chatr monthly bills.

No annual fee. With no annual fee, you don’t have to pay to get your cashback reward.

Welcome bonus. All Rogers MasterCard credit card comes with an incentive $25 in cash back rewards provided you make your first card purchase within 3 months of receiving your card.

Other benefits:

  • Comprehensive travel insurance package for 10 days (3 days for those aged 65+;
  • Out-of-Province/Out-of-Country Emergency Medical;
  • Extended Warranty and Purchase Protection, and
  • Rental Car Collision/Damage

Requirements for Rogers MasterCard

To be approved of a Rogers MasterCard, there are some requirements you must meet. For Fido™ Mastercard® and Rogers™ Platinum Mastercard® which comes with a minimum requirement, you must have a good credit score as that is the only criteria needed for you to be approved. But for the Rogers™ World Elite® Mastercard® but must have a minimum annual personal income of $80,000 or an annual household income of $150,000.

How to Redeem my Cash-Back Rewards

All your accumulated cashback reward can be redeemed as a statement credit or towards any Rogers product or service including any Rogers, FIDO or Chatr bill, any purchase in a Rogers or Fido store, and tickets bought in person at the Rogers Centre ticket office (Blue Jays, Argos, concerts).

You can also redeem your cashback reward using the Mastercard® Pay with Rewards™ app on your smartphone meaning that will save you the stress of logging in to your Rogers Bank online account and turn on the Pay with Rewards option before redeeming your cash back rewards.

Final Thoughts

With all these said and the considerable benefit that comes with having a Rogers MasterCard, it wouldn’t come as a surprise if Rogers bank decides to play around with their reward benefit in the near future, as they don’t have a long track record. But with no annual fee and 3% – 4% cash back on foreign transactions and 1.75% on all other products, it will be hard to get a credit card that offers this much.

While Rogers MasterCard is excellent and offers great benefit, there are also no annual fee cash back cards that can go toe to toe with the Rogers MasterCard like the PC Financial MasterCard and Tangerine card depending on your lifestyle.

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