Rogers Bank is a subsidiary of Rogers Communications and issues a focused lineup of no-annual-fee Mastercard credit cards in Canada. Rogers cards are best known for their no foreign transaction fee combined with cash back on foreign currency purchases — making them a compelling travel companion at zero annual cost.
Rogers Bank Credit Cards
| Card | Annual Fee | Earn Rate | Best For |
|---|---|---|---|
| Rogers Red World Elite Mastercard | $0 | 3% on foreign currency purchases; 1.5% everywhere else | No-fee travel card; no FX fee |
| Rogers Mastercard | $0 | 2% on Rogers/Fido/Shaw bills; 1% everywhere | Rogers customers |
Rogers Red World Elite Mastercard — Quick Take
The Rogers Red World Elite Mastercard is one of the best no-annual-fee, no-foreign-transaction-fee cards in Canada. It earns 3% cash back on all foreign currency purchases — which more than offsets the typical 2.5% FX fee charged by most cards. On non-foreign spending, it earns 1.5% back.
Income requirement: $80,000 personal / $150,000 household.
Key benefits:
- No foreign transaction fee (saves 2.5% on US/international purchases)
- 3% on foreign currency purchases (net +0.5% vs. standard cards with FX fee)
- 1.5% cash back on all other purchases
- World Elite Mastercard benefits (hotel upgrades, car rental discounts)
- No annual fee
Who it’s best for: Canadians who spend frequently in USD (Amazon.com, US travel, cross-border shopping) and want maximum value at zero annual fee. Also excellent for travellers who don’t fly Air Canada and don’t need Aeroplan.
See the full Rogers Red World Elite Mastercard Review →
Rogers Mastercard — Quick Take
The base Rogers Mastercard is designed for Rogers, Fido, and Shaw customers — it earns 2% cash back on Rogers/Fido/Shaw bill payments and 1% on everything else. There’s no annual fee and no FX fee waiver on this card.
Who it’s best for: Rogers, Fido, or Shaw subscribers who want to offset their monthly bill costs. For everyone else, the Rogers Red World Elite Mastercard is the stronger option.
See the full Rogers Mastercard Review →
How Rogers Cash Back Works
Rogers cash back accumulates in your account and can be applied as a statement credit. There’s no minimum redemption threshold — apply any amount when you choose. Cash back does not expire as long as the account remains open.
Rogers vs. Other No-Fee, No-FX Cards
| Card | Annual Fee | FX Fee | Travel Earn | Notes |
|---|---|---|---|---|
| Rogers Red World Elite | $0 | None | 3% foreign currency | $80,000 income requirement |
| Scotiabank Passport Visa Infinite | $150 | None | 3x Scene+ | 6 lounge visits; lower income req. |
| Home Trust Preferred Visa | $0 | None | 1% everywhere | No income req.; basic card |
| Brim World Elite Mastercard | $0 | None | Up to 2% | Brim marketplace offers |
| Scotiabank Gold American Express | $120 | None | 5x Scene+ dining/grocery | Not a World Elite |
The Rogers Red advantage: It’s the only no-fee World Elite card with a net-positive return on foreign currency purchases (3% back minus the 0% FX fee vs. competitors who charge 2.5%).
Frequently Asked Questions
Is the Rogers Red World Elite Mastercard accepted everywhere? Yes — it’s a Mastercard, accepted anywhere Mastercard is welcome. American Express acceptance is more limited in Canada; Mastercard has near-universal acceptance.
Do I need to be a Rogers customer to get the Rogers Red World Elite? No. The Rogers Red World Elite Mastercard is available to any eligible Canadian, regardless of whether you’re a Rogers, Fido, or Shaw customer.
What income do I need for the Rogers Red World Elite? $80,000 personal or $150,000 household annual income. If you don’t qualify, the Rogers Mastercard has no income requirement.
How does the 3% on foreign currency work? Every purchase made in a foreign currency (USD, EUR, GBP, etc.) earns 3% cash back. There is no foreign transaction fee, so you aren’t penalised for the conversion. Net result: you keep the 3% — versus a standard card that earns 1%–1.5% but charges 2.5% in FX fees, costing you 1%–1.5% net.
Can cash back be redeemed for travel? Cash back can only be redeemed as a statement credit — it’s not a travel currency. For travel points or Aeroplan miles, consider TD Aeroplan Visa Infinite or Scotiabank Passport Visa Infinite.
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Card details current as of June 2026. Income requirements and earn rates are subject to change. See our Advertiser Disclosure.