Rogers Red Mastercard
The replacement for the closed Rogers Platinum: free, no income requirement, and a genuine 2% for Rogers-family customers. Outside the ecosystem it's an ordinary 1% card with no insurance.
- Annual fee
- None
- Welcome bonus value (full offer)
- ≈ $0 None — the entry-tier Rogers card competes on its ongoing rate, not a signup bonus
- First-year net value
- ≈ $150
- Interest rates
- 21.99% purchases · 22.99% cash advances (raised 20.99% → 21.99% with each cardholder’s August 2026 statement (Rogers Bank change notice); a late-August statement date may still show 20.99%)
Direct issuer link — details verified 2026-08-23
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Standard Score breakdown
SituationalSix weighted components, each rated 0–10. “Contributes” is the rating × weight — add all six and you get a raw 5.47/10, published as 5.5/10.
Evidence behind each input
The facts are structured; the rating remains an editorial judgment. Open any component to audit what was considered without mistaking the evidence for an automatic formula.
First-year value4.0/10
The anchor fixes the starting point; the 1.0-point reduction is within the published maximum and makes the reachability judgment visible.
- $150 first-year net value maps to a 5.0/10 baseline.
- Published first-year input: 4.0/10 (-1.0 versus baseline).
- Adjustment context: From August 4, 2026 the 2% rate is capped at just $16,000 of annual spend — the lowest cap in the Rogers lineup — after which it drops to 1% until your account anniversary
Ongoing value5.5/10
This input judges recurring earn and cash-like credits after the annual fee; the welcome offer and non-cash perks are excluded.
- No annual fee.
- Published earn: 2% — Everything — with an eligible Rogers, Fido, or Shaw service (first $16,000/year from August 4, 2026); 2% — USD purchases — without a Rogers service; 1% — Everything else — without a Rogers service.
- 1 earn row carries an explicit spend cap or threshold.
Flexibility7.0/10
This input judges how easily Cash back can become useful value without forcing one narrow redemption path.
- Reward currency: Cash back.
- Flexibility evidence: Cash back redeems at 1.5x value against eligible Rogers purchases, plus five Roam Like Home days a year
Perk usability4.5/10
This input credits non-cash benefits at realistic use, separate from cash-like credits already counted in ongoing value.
- No airport lounge access.
- No included insurance is listed.
Low friction9.0/10
This input combines network acceptance, caps, conditions, eligibility, and operational effort; a higher rating means less friction.
- Mastercard acceptance; 2.5% foreign-transaction fee.
- No published income minimum.
- Practical constraint: From August 4, 2026 the 2% rate is capped at just $16,000 of annual spend — the lowest cap in the Rogers lineup — after which it drops to 1% until your account anniversary
Strategic fit5.5/10
This input asks whether the card fills a distinct role in a small wallet rather than duplicating another card; redemption quality is not counted again here.
- Ranking roles: cash-back.
- Fit case: Rogers, Fido, or Shaw customers who don't clear the World Elite's income bar but want the same 2% ecosystem rate.
- Main conflict: You have no Rogers service (1% is beatable for free) or you want basic purchase coverage included.
See how the Standard Score works or re-weight it to your priorities.
Earn rates
| Category | Rate |
|---|---|
| Everything — with an eligible Rogers, Fido, or Shaw service (first $16,000/year from August 4, 2026) | 2% |
| USD purchases — without a Rogers service | 2% |
| Everything else — without a Rogers service | 1% |
Included insurance
Why it earns its score
- No annual fee and no minimum income requirement — the accessible tier of the Rogers lineup
- 2% on everything for Rogers/Fido/Shaw customers, matching the World Elite's headline rate
- Cash back redeems at 1.5x value against eligible Rogers purchases, plus five Roam Like Home days a year
Where it loses points
- Without a Rogers-family service it's a 1% card — below the free flat-rate leaders
- From August 4, 2026 the 2% rate is capped at just $16,000 of annual spend — the lowest cap in the Rogers lineup — after which it drops to 1% until your account anniversary
- No purchase protection or extended warranty — coverage most no-fee cards include
- No signup bonus
Who it’s for
Rogers, Fido, or Shaw customers who don't clear the World Elite's income bar but want the same 2% ecosystem rate.
Who should skip it
You have no Rogers service (1% is beatable for free) or you want basic purchase coverage included.
The bottom line
Standard Score 5.5/10 — Situational. We estimate ≈ $150 in first-year net value after the $0 fee.
Direct issuer link — no commission shapes this review
Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.
Renewal math
Should you keep this card?
There’s no annual fee, so keeping it costs nothing — the only renewal question is whether a different no-fee card would earn more on your spending. Check the rankings or the card finder if you suspect it would.
Source: issuer card page · Last reviewed 2026-08-23. Details change often — confirm current terms with the issuer before applying.
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