Rogers Bank · Mastercard
Best for Rogers and Fido customers
2% on everything if you are a Rogers customer, and 3% in value if you spend the rewards on your Rogers bill. Despite its reputation this is not a no foreign exchange fee card.
Rates and features verified 2026-08-18Full terms and conditionsHow we research cards
What we like, and what we don’t
Worth having
- No annual fee and no fee for additional cards
- 2% flat on everything for Rogers, Fido and Shaw customers, with no category to track
- Rewards redeemed against a Rogers, Fido or Shaw bill are worth 1.5 times face value
- 3% on purchases billed in US dollars
- Unlimited emergency travel medical, plus trip cancellation and interruption
- Five days a year of Roam Like Home with an eligible Rogers plan
Watch out for
- THIS IS NOT A NO FX FEE CARD. Rogers charges the full 2.5% conversion fee. The 0% foreign exchange Rogers card is the World Legend, which costs $495
- On euro or pound purchases you pay 2.5% and earn 2%, so you are down on the deal
- The 2% rate requires an active Rogers, Fido or Shaw service in good standing. Without one it is 1.5%
- The 3% headline is a redemption multiplier, not an earn rate, and it only applies to Rogers bills
- A $61,000 annual cap arrived in August 2026, after which everything drops to 1.5%
- $80,000 personal or $150,000 household income
- No welcome bonus of any kind
What this card earns
- Everything else
- 1.5%
- Bonus rates apply up to
- $61,000 of annual spending after that, the base rate
The earning fine print
THE HEADLINE 3% IS NOT AN EARN RATE. The card earns 2% if you are an active Rogers, Fido or Shaw customer in good standing and 1.5% if you are not. The 3% appears only when you redeem the rewards against a Rogers, Fido or Shaw bill, which applies a 1.5 times multiplier. Redeem any other way, including the annual statement credit, and the value is 2%. We record 1.5% because that is what the card earns without a Rogers service. Purchases billed in US dollars earn 3%. A $61,000 annual cap took effect in August 2026 and runs from your account anniversary, after which everything earns 1.5%.
Fees and interest rates
- Annual fee
- None
- Additional card
- Free
- Foreign transaction fee
- 2.5%
- Cash advance fee
- $5
- Purchase APR
- 21.99%
- Cash advance APR
- 22.99%
- Balance transfer APR
- 22.99%
- Balance transfer fee
- 3%
Who can get this card
- Minimum personal income
- $80,000
- Minimum household income
- $150,000
Insurance and benefits
- Trip cancellation
- $1,000
- Trip interruption
- $1,000
- Mobile device
- $0
- Rental car damage waiver
- Included
- Purchase protection
- Included
- Extended warranty
- Included
What the benefits really mean
Travel medical is $1,000,000 and covers 10 days for those 64 and under, dropping to 3 days from 65 to 75, with no coverage above 75. Purchase protection and extended warranty share a $60,000 lifetime maximum. Quebec residents do not pay the higher alternate interest rates, the over-limit fee or the equal payment plan fee, but face a 5% minimum payment rather than 2%. The certificate of insurance is dated April 2024 while the rate disclosure is August 2026.
Our verdict
A good flat rate card wearing a misleading headline. If you are a Rogers or Fido customer who pays the phone bill with rewards, 3% of value on everything with no fee and no categories is genuinely strong, and simpler than any category card here.
The thing to unlearn is the foreign exchange reputation. This card charges the standard 2.5% conversion fee. The higher US dollar earn rate slightly outruns it on American spending and does not on European spending. If you want a Canadian card with no foreign transaction fee, the Scotiabank Gold Amex or the Passport are the answers on this page.
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Where this came from. rogersbank.com disclosure summary, Red World Elite benefits guide, coverage page, account change notice. We take every figure from the issuer’s own pages, never from another comparison site, and we leave a field blank rather than guess at it.