Review: Rogers World Elite Mastercard Credit Card

Review: Rogers World Elite Mastercard Credit Card

Rogers World Elite Mastercard

The Rogers World Elite Mastercard having just been around for less than a year now as proven itself as one of the best rewarding credit card available for Canadians. The World Elite Mastercard debuted in May 2018, and as go on to rank among the top three best cash back credit card in Canada. Most times the Rogers World Elite Mastercard get overlooked about it’s from Rogers, but the real value of this card lays in you having one especially with it huge reward program.

If you are still not convinced about this card, maybe the fact that the Rogers World Elite Mastercard as a cashback reward rate of 1.75% on all purchases with no annual fee. This card as also make foreign transactions and international shopping a lot more reward with its huge 4% cash back on all foreign transactions. Although you will be charged 2.5% foreign exchange fee, the 4% reward will offset the expense leaving you with 1.25% which is huge considering no credit card offer this much in Canada.

And for every dollar spent on all Rogers affiliate product and services using your card, you’ll earn 2% cash back, and this card also comes with a welcome incentive of $25 provided you make use of your card within the first three months of getting it. Though, to qualify for this card you need a minimum annual income of $80,000 or $150,000 minimum household income and most have a good credit score rating which makes it out of reach for much Canadian.

Rogers World Elite MasterCard Overview

Rogers World Elite MasterCard
Annual Fee $0
Interest Rate: Purchase 19.99%
Interest Rate: Cash Advance 21.50%
Balance Transfer 21.99%
Foreign Currency Conversion Fee 2.5%
Requirements Good credit score (650 or Greater)
Minimum personal income of $80,000 or $150,000 minimum household income
Rewards 1.75%
Welcome Bonus $25 provided you make your first purchases within the first three months of getting your card.
Insurance Balance Protection Insurance (premium rates may apply)
Travel Insurance
Car Rental Insurance
Purchase Protection and Extended Warranty
InfoProtector® 360

The Pros and Cons of Rogers World Elite MasterCard

Seeing all of these huge benefits, it does seem like this card don’t have any downside, but there is a couple of downsides which we will take a look at below.

Pro

Everyone wants extra cash, so getting the Rogers World Elite Mastercard will place you at a better chance of getting the huge 4% cashback reward on all foreign transaction which has no limit. While other cards will charge you around 2.5% to 3% foreign currency conversion fee, the Rogers World Elite Mastercard will give a 4% cashback reward and charge you a 2.5% fee leaving you with a net gain of 1.5% cash back on all your foreign transactions.

The no annual fee is a big win, as you don’t have to worry about paying any fee. The Rogers World Elite Mastercard also comes with a $25 welcome bonus provided you make your first purchase within the first three months of getting your card.

You get rewarded with 1.75% on all other type purchases made with your card which is better than what most cashback cards will offer. You’ll also earn 2% unlimited cash back rewards on Rogers™ products and services charged to your card including your Rogers, Fido™ or chatr™ monthly bill.

Downside

The setback that comes with this card is as follows.

If you don’t make a lot of foreign transactions or transactions that are processed by foreign bank you will be stuck with just the 1.75% cash back reward and 2% you get from Rogers affiliate products.

The fact that Rogers hasn’t been around too long and them recently downgrading the benefits of their Platinum Mastercard, there is a risk in the future that Rogers may reduce benefits considering what they did with their Platinum card. Also, the card does not come with a promotional offer for balance transfer and cash advance.

To qualify for the Rogers World Elite Mastercard, you need a minimum income requirement of $80,000 or an annual personal income or $150,000 annual household income which makes the card out of reach for almost 70% of Canadian population, if you don’t meet these requirements, you met consider going for the Rogers Platinum Mastercard. It also has an interest rate of 19.99% on purchases and 21.50% on cash advance.

You Met Consider: PC Finance World Elite MasterCard

The Benefits of Rogers World Elite MasterCard

4% Cashback Rewards on Foreign Transaction

Rogers Bank as made international transaction so rewarding for Canadian with their Rogers World Elite MasterCard. With this card, you’ll get to enjoy 4% cash back reward for every foreign transaction you do or payment processed by foreign banks.

So, with your Rogers World Elite MasterCard, you have no worries about all your foreign shopping or going on a holiday outside of Canada.

2% Cash Back Rewards on Rogers™ Products and Services

Rogers has set up a reward program for its customers. You will earn 2% unlimited cash back reward when you use your card on Rogers™ products and services which also includes your Rogers, Fido™ or chatr™ monthly bill.

1.75% Cash Back Rewards

For using your Rogers World Elite MasterCard, you’ll get to earn 1.75% cash back on all your purchases. The good side to this is that it’s unlimited and the reward works with all categories, whether it’s at Rogers or elsewhere.

No Annual Fee

Th

is is one of the best feelings of having a Rogers MasterCard; you’ll have no worries of you paying an annual fee for using your card. As all Rogers issued credit card including the World Elite MasterCard come with $0 yearly fee.

Welcome Bonus

In this highly competitive market, one of the most proven way to lure customers is with incentives. All Rogers World Elite MasterCard holder will get $25 welcome bonus provided they use their card within the first three months of getting it.

Free Insurance Benefits

All Rogers World Elite MasterCard holder will get to enjoy insurance at no cost which includes: Purchase Protection and Extended Warranty, Rental Car Collision/Damage, Out-of-Province/Out-of-Country Emergency Medical, Trip Interruption, and Trip Cancellation.

How Rogers World Elite Mastercard Compare to other Rogers Cards

Rogers Bank offers three credit cards: Fido™ Mastercard®, Rogers™ Platinum Mastercard®, Rogers™ World Elite® Mastercard®. Below is how Rogers World Elite Mastercard compare with the other two cards.

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

Read About All Rogers MasterCard Credit Cards

How to Redeem Points

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 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.

Who Should get the Card

If you a lot of foreign transactions or foreign currency spending either through traveling, shopping or importing good to Canada and intent to pay using your credit card then Rogers World Elite Mastercard should be your best bet.

Those who want good rate cash back especially when it come with no annual fee.

You should consider add this card to your collection if you’re a Rogers, FIDO, or Chatr customer.

Final Verdict

Before getting too excited about the offers you’ll get with this card, also check if you meet the minimum requirement that comes with it. This card is ideal for mostly Rogers customers, travelers who want to earn more using their card, and those people who value huge cash back reward at the expense of getting big sign up incentives.

The quick redemption, as long as it reaches the threshold of $20, and the no annual fee makes the card one of the best cards in Canada. It also has some travel insurance coverage and Mastercard Airport Experiences as additional benefits. But with all these being said, you will still want to make a comparison of all possible best cashback credit cards to see the one that is right for you.

Feel free to share your personal experiences with us in the comment section below.

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