Disclosure: I’m a casual employee of Rogers, but not a spokesperson. All opinions are my own.
The Rogers World Elite Mastercard often gets overlooked since it’s a credit card from Rogers, but the truth is, this card is one of the best cash back credit cards in Canada, one of the best credit cards with no annual fee, and one of the best no foreign transaction feecredit cards in Canada. Seriously, Rogers has made several positive changes to this card over the years which should make it appealing to all Canadians. It would be foolish to ignore this card just because you don’t like the parent company. Read my Rogers World Elite Mastercard review now for the full details.
Rogers World Elite Mastercard benefits
- No annual fee
- $25 in cash back rewards after your first purchase
- Earn 4% cash back on purchases made in foreign currencies
- Earn 2% cash back on Rogers products and services
- Earn 1.75% cash back on all other purchases made in Canadian dollars
- Mastercard Airport Experiences membership provided by LoungeKey (no passes)
Since this is a Rogers branded credit card, you get the biggest return of 2% when using the Rogers World Elite Mastercard on Rogers product, but you get an impressive 1.75% cash back on all other purchases which are amazing for a card with no fees. That puts it close to the Tangerine Money-back card, but with the Rogers card, you’ll earn 1.75% cash back for all categories as opposed to only three categories earning you 2% with Tangerine. The downside is that you need to have a personal income of $80,000 or a household income of $150,000 to qualify for the Rogers card.
Although you need to pay the 2.5% foreign transaction fee when making purchases in any currency besides Canadian dollars, you earn 4% cash back on those purchases so you’re essentially ahead by 1.5%. None of the best no foreign transaction fee credit cards in Canada offer that kind of return so you could argue that this is a unique card.
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.
In case you’re curious, you can read my review of the Rogers Platinum Mastercard to see how it compares to the World Elite card.
Rogers World Elite Mastercard insurance
- Travel medical insurance – $1,000,000 for 10 days (3 days for those aged 65+)
- Trip cancellation – $1,000
- Trip interruption – $1,000
- Rental car collision/damage insurance – 31 days / $65,000
- Purchase protection
- Extended warranty
If the card didn’t impress you already, the insurance benefits should convince you. For those aged 64 and under, you get 10 days of travel medical insurance while those 65+ are covered for just three days. Remember, with travel medical, you don’t need to put your transportation or accommodation purchases on your card for it to apply.
When it comes to trip cancellation, trip interruption and rental car collision/damage insurance, you do need to charge the full amount of those purchases to your card for it to apply, but that’s worth it since you may not need to purchase any additional travel insurance.
The travel insurance offered by the Rogers World Elite Mastercard is not bad for a credit card with no annual fee, but note that it does not include lost or delayed luggage insurance. If travel insurance is something you need, I’d recommend looking at one of the best credit cards with travel insurance.
Purchase protection covers you in the event of loss, damage or theft of your goods for 90 days while extended warranty doubles your manufacturer’s warranty up to an additional year.
How it compares to other cards
The Rogers World Elite Mastercard is one of the best cash back credit cards in Canada. As mentioned, it’s comparable to the Tangerine Money-Back Card and the new Tangerine World Mastercard. Even though the Tangerine World Mastercard comes with more benefits compared to the Money-Back version, there Rogers World Elite Mastercard still has arguably the better earn rate.
I also want to mention the Scotia Momentum VISA Infinite card as it has a higher earn rate of 4% cash back on groceries and recurring bill payments; and 2% cash back on gas and transit purchases. You also get better travel insurance, but there’s an annual fee of $120.
Finally, you could also compare this card to the PC Financial World Elite Mastercard since they are the only two World Elite Mastercards with no annual fee. The PC Financial card gives you 4.5% cash equivalent at Shoppers Drug Mart and 3% where PC products are sold, but all other purchases only give you a 1% return.
I wouldn’t say one card is better than the other since they’re different. Heck, if you’re a Rogers customer and you shop at Shoppers Drug Mart and Loblaws owned stores, you should probably get both to maximize your rewards. If you’re looking for a card that just gives you good cash back rewards, then the Rogers World Elite Mastercard is an excellent choice.
My Rogers World Elite Mastercard review is positive. This is an ideal card for Rogers customers, travellers, and people who don’t want to carry multiple credit cards to maximize their cash back rewards. That being said, you’ll still want to compare this to other cards on the market to see if it’s the right fit for you.