The Fido Mastercard is a no-annual-fee cash back credit card from Rogers Bank, designed for Fido wireless customers in Canada. It earns cash back on every purchase, with the best value unlocked when rewards are applied to a Fido wireless bill—making it a compelling choice for Fido subscribers looking to offset their phone bill.
Quick Verdict
Best for: Fido wireless customers who want to earn cash back that reduces their monthly Fido bill, with no annual fee.
Not ideal for: Non-Fido customers who wouldn’t benefit from the wireless bill redemption, or those seeking travel rewards or premium perks.
Key Card Details
| Feature | Details |
|---|---|
| Annual Fee | $0 CAD |
| Network | Mastercard |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Income Requirement | None |
| Issued by | Rogers Bank |
Welcome Bonus
Rogers Bank periodically offers welcome bonuses for new Fido Mastercard holders. Check fido.ca for any current offer.
Earn Rates
| Redemption Method | Earn Rate |
|---|---|
| Cash back applied to Fido wireless bill | 1.5% on eligible CAD purchases |
| Cash back as statement credit | 1% on eligible purchases |
| Foreign currency purchases (toward Fido bill) | 2% |
The 1.5% toward your Fido bill effectively offsets your wireless plan costs. On $1,500/month of spending, you’d earn ~$270/year to apply against your Fido bill.
Foreign Currency Advantage
The Fido Mastercard earns 2% cash back on foreign currency transactions (when applied to Fido bill). Since most cards charge 2.5% FX fees, the net cost for international spending is approximately:
2.5% FX fee − 2% cash back = ~0.5% net FX cost
This makes the Fido Mastercard one of the more cost-effective no-fee cards for Canadians who travel or shop internationally.
Redemption
Cash back accumulates monthly and can be applied as:
- Credit toward your Fido wireless bill — 1.5% rate on CAD purchases
- Statement credit — 1% rate on all purchases
Benefits and Perks
- No annual fee — all cash back is net value
- Foreign currency efficiency — 2% back on FX transactions reduces the fee impact
- Mastercard Zero Liability — fraud protection
- Contactless payments — tap-to-pay via Mastercard contactless
Fees and Rates
| Fee / Rate | Amount |
|---|---|
| Annual Fee | $0 CAD |
| Purchase Interest | 19.99% |
| Cash Advance | 22.99% |
| Foreign Transaction Fee | 2.5% |
| Returned Payment | $45 |
Who Is This Card Best For?
The Fido Mastercard suits:
- Fido wireless customers who pay a monthly Fido bill and want to offset it with cash back
- Everyday spenders who want a simple, no-fee card with consistent cash back
- Moderate international spenders who benefit from the 2% FX earn rate
Alternatives
| Card | Annual Fee | Best Feature | Best For |
|---|---|---|---|
| Rogers Mastercard | $0 | 1.5% toward Rogers bill | Rogers wireless customers |
| Rogers Red World Elite Mastercard | $0 | 1.5% cash back everywhere | No-FX, high earner |
| Tangerine Money-Back Credit Card | $0 | 2% in 2 categories | Flexible category cash back |
Bottom Line
The Fido Mastercard is a smart choice for Fido wireless customers who want to earn cash back toward their phone bill at zero annual fee cost. The 1.5% rate toward your Fido bill is competitive, and the 2% on foreign currency transactions makes it more travel-friendly than most no-fee cards. If you’re not a Fido customer, the Rogers Mastercard is functionally equivalent.
Disclaimer: Card terms, earn rates, and redemption options are subject to change. Verify all current details at fido.ca or rogersbank.com before applying.