Rogers Red World Legend Mastercard
Canada's first World Legend Mastercard is a Rogers loyalty product wearing a premium card's fee. Inside the ecosystem the credits and passes can justify it; outside, the math isn't close.
- Annual fee
- $495 (Requires $150,000 personal or $200,000 household income (World Legend tier))
- Welcome bonus value (full offer)
- ≈ $0 None at launch — the pitch is the credit-and-perk bundle, not a bonus
- First-year net value
- ≈ $5
- 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
PassSix weighted components, each rated 0–10. “Contributes” is the rating × weight — add all six and you get a raw 4.88/10, published as 4.9/10.
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 value3.0/10
The published first-year net value maps directly to the executable anchor ladder.
- $5 first-year net value maps to a 3.0/10 baseline.
- Published first-year input: 3.0/10, matching the baseline.
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.
- $495 annual fee.
- Fee condition: Requires $150,000 personal or $200,000 household income (World Legend tier)
- Published earn: 2% — Everything, globally — with an eligible Rogers, Fido, or Shaw service; 1.5% — Everything, globally — without a Rogers service.
- No cap is stated in the structured earn rows.
Flexibility7.0/10
This input judges how easily Cash back can become useful value without forcing one narrow redemption path.
- Reward currency: Cash back.
- Constraint: No welcome bonus, and 1.5x redemption value is again locked to Rogers purchases
Perk usability6.5/10
This input credits non-cash benefits at realistic use, separate from cash-like credits already counted in ongoing value.
- Includes airport lounge access.
- 4 published insurance benefits: Emergency travel medical (up to $5,000,000, age 64 and under); Trip cancellation/interruption; Rental car coverage.
- Other published benefit: $200 annual Rogers Entertainment credit (TV and select streaming subscriptions — internet and mobile excluded)
Low friction4.0/10
This input combines network acceptance, caps, conditions, eligibility, and operational effort; a higher rating means less friction.
- Mastercard acceptance; no foreign-transaction fee.
- Eligibility: $150,000 personal-income minimum; $200,000 household-income alternative.
Strategic fit4.5/10
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, premium, no-fx.
- Fit case: Committed Rogers-ecosystem households that would spend the $200 TV credit anyway, use the lounge passes, and travel enough for no-FX to matter.
- Main conflict: You don't have (or want) Rogers services — at 1.5% with a $495 fee, nearly every premium card we score beats it.
See how the Standard Score works or re-weight it to your priorities.
Earn rates
| Category | Rate |
|---|---|
| Everything, globally — with an eligible Rogers, Fido, or Shaw service | 2% |
| Everything, globally — without a Rogers service | 1.5% |
Included insurance
Emergency travel medical (up to $5,000,000, age 64 and under) · Trip cancellation/interruption · Rental car coverage · Purchase protection
Why it earns its score
- No foreign transaction fees on top of the flat cash-back rate
- The only Rogers card with no annual cash-back cap at all — the others are capped at $16,000, $26,000 and $61,000 of annual spend from August 4, 2026, while the Legend's 2% runs uncapped
- $200 annual Rogers Entertainment credit (TV and select streaming subscriptions — internet and mobile excluded)
- Six Plaza Premium lounge passes and ten Roam Like Home days per year
- Up to $5,000,000 emergency travel medical, plus Soho Friends membership with a $100 USD annual credit
Where it loses points
- $495 fee against a cash-back rate that never exceeds 2% — the credits must work hard to break even
- The entertainment credit only applies to Rogers TV/streaming products, and the 2% rate needs a Rogers-family service — the value case collapses outside the ecosystem
- No welcome bonus, and 1.5x redemption value is again locked to Rogers purchases
Who it’s for
Committed Rogers-ecosystem households that would spend the $200 TV credit anyway, use the lounge passes, and travel enough for no-FX to matter.
Who should skip it
You don't have (or want) Rogers services — at 1.5% with a $495 fee, nearly every premium card we score beats it.
The bottom line
Standard Score 4.9/10 — Pass. We estimate ≈ $5 in first-year net value after the $495 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?
The welcome offer only lands once — so the keep-or-cancel question is whether the $495 fee still pays for itself on earn alone. Enter your monthly spend to see the recurring math.
~$243/year in rewards at this spend − $495 fee = -$252/year
The fee outruns rewards by $252/year — consider downgrading or cancelling before it billsAt this spending mix, the card breaks even around $2,750/month on the card. Above that, the fee starts earning its keep.
Estimates price your spend at the card’s published earn rates and our Points Standard Index valuations; they ignore category earn caps and any retention offer the issuer might make if you call. Perks you actually use — insurance, lounge visits — are value on top of this math, so weigh them before cancelling.
Source: issuer card page · Last reviewed 2026-08-23. Details change often — confirm current terms with the issuer before applying.
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