If you’re considering a Rogers Mastercard, you need to know that there are two cards available: The Rogers Platinum Mastercard and the Rogers World Elite Mastercard. The Rogers World Elite Mastercard has slightly higher earn rate and some included travel insurance, but there’s a minimum personal income of $80,000 or $150K household income to qualify for the card.
Both cards have no annual fee, so when you apply, Rogers will simply just give you the card which you qualify for. The question is, if you’re only approved for the lower tier card, is it still worth it? Read my Rogers Platinum Mastercard review now to find out all the details of the card and if it’s worthy to be in your wallet.
Rogers Platinum Mastercard benefits
- No annual fee
- $25 cash back welcome bonus
- Earn 3% cash back on purchases made in U.S dollars
- Earn 1.25% cash back on all other purchases
Assuming that you don’t qualify for the elite card, the Rogers Platinum Mastercard is still one of the best no fee cash-back credit cards when you look at it strictly from a rewards perspective. Your earn rate is 1.25% on all purchases but you get 3% back on purchases made in U.S. dollars.
Since you’re still charged the 2.5% foreign currency fee, you come out ahead by 0.5% on U.S. dollar purchases. Of course, if you’re using the card for any purchases besides Canadian dollars, you‘ll still pat that fee.
This card is still on the list of the best credit cards without foreign transaction fees, but since you only get the increased earn rate on U.S. dollar purchases, it’s not nearly as good as other cards on the list.
I know that so far in this Rogers Platinum Mastercard review that things sound pretty negative, but this card still has a decent earn rate at 1.25% and has no annual fee.
The nice thing about the Rogers World Elite Mastercard is that you can use your cash back earned on any purchase. To make a redemption you need to go into your Mastercard Pay with Rewards app and select ‘redeem’. As long as you have a minimum of $20 in cash back, you can use it on all or some of your purchases. You can even set the app to automatically redeem your cash back earned. Alternatively, you redeem your cash back for an annual statement credit by calling 1-855-775-2265.
How the Rogers Platinum Mastercard compares to other cards
Based on the features of the Rogers Platinum Mastercard, I think the most comparable credit card is the Home Trust Preferred Visa.
The Home Trust Card has no foreign transaction fees on all currencies but only offers 1% cash back on all purchases (which excludes foreign transactions). If you do a lot of purchases in U.S. Dollars, the Rogers Platinum might be the better choice.
Some people might argue that the Tangerine Money-Back credit card is better than the Rogers Mastercard since you get 2% cash back in up to three categories and .5% back on all purchases, but it really depends on what you’re looking for in your credit card.
If you’re looking to maximize your rewards, then you’ll likely want to apply for both cards. If you couldn’t be bothered with carrying multiple cards just to get the highest potential return possible. You’d have to look at what categories you spend your money on the most before deciding.
Keep in mind that the best travel credit cards in Canada come with huge signup bonuses which are easily worth $200+ so check out my list now.
My Rogers Platinum Mastercard review is neutral. I don’t love the earn rate, but for a no fee card, it’s not bad. The cash back is easy to redeem, but you really need to look at other cash back credit cards out there to see what’s the best fit for you.