In this Rogers World Elite Mastercard review, I’m going to go over why the card often gets overlooked. Admittedly, there’s a lot of hate for Rogers in Canada, but ignoring this card just because you don’t like the parent company would be silly.
Truth be told, this card easily qualify for the list of the best cash back credit cards in Canada, the best credit cards with no annual fee, and the best no foreign transaction fee credit cards in Canada. That said, the car does come with a few quirks that will likely annoy many people. Read my Rogers World Elite Mastercard review now for the full details.
Rogers World Elite Mastercard
- No annual fee
- $25 in cash back welcome bonus
- 1.5% cash back on all purchases
- 3% cash back on purchases made in U.S. dollars
- Free Boingo Wi-Fi
To qualify for this card you need to have a personal income of $80,000 or a household income of $150,000. In addition, there’s a minimum annual spend requirement of $15,000 or your card will be downgraded to the Rogers Platinum Mastercard. Many people will hate this rule, but it was implemented by Mastercard, so many other World Elite credit cards have a similar policy.
If you can reach that minimum annual spend requirement, then you can reap the benefits. As a no fee card, it’s impressive that you get 1.5% in cash back on all purchases. Most no fee credit cards have a much lower earn rate. In addition, since this is a Mastercard, it’s an ideal Costco credit card. The base earn rate you would get with the Rogers World Elite Mastercard at Costco warehouses is higher than the CIBC Costco credit card.
As an added bonus, you’ll earn 3% cash back on purchases made in U.S. dollars. Since you’ll still pay the 2.5% foreign transaction fee, you’re effectively coming ahead by 0.5%. There are arguably better credit cards with no foreign transaction fees, but as a no fee card, this isn’t bad.
One benefit that some people will like is the free Global WiFi for the primary cardholder. Boingo has thousands of WiFi spots around the world with many of them being in airports on airplanes. This is obviously handy for people who travel a lot but don’t always have access to a data plan.
You also get Mastercard Airport Experiences membership provided by LoungeKey. Think of this as airport lounge access but without the free passes. The membership itself is normally U.S. $99 per year and then each visit is U.S. $32. This is not a huge benefit by any means, but it could come in handy.
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.
Rogers World Elite Mastercard insurance
In this Rogers World Elite Mastercard review, I’ll be going over the insurance details. Since this is a no fee card, you shouldn’t expect much. That said, the travel insurance included is better than many other no fee credit cards.
- 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 so it has a lot of competition.
There’s the Tangerine Money-Back Card and the Tangerine World Mastercard that both allow you to earn 2% cash back on up to three categories of your choice at 0.5% cash back on all other purchases. The World version gives you mobile device insurance which the Rogers World Elite Mastercard does not come with.
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 in PC Optimum points 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. Although the cash back earned on foreign purchases could be better, the overall earn rate and benefits are good for a no fee card.