ROGERS RED WORLD ELITE MASTERCARD | BEST Canadian Credit Card COMING SOON!

Rogers Bank has UPDATED their Rogers World Elite Mastercard! In April, 2024, it will be renamed the Rogers RED World Elite Mastercard! The new card will simply be the most OVERPOWERED card in Canada BY FAR! STEP AWAY Amex Cobalt Card! the NEW KING of credit card in Canada will be THIS bad boy! But....is it really all sunshine and rainbows? It might surprise you, but there may be some slight disadvantages...This video will dig into the details!

0:00 Intro
0:20 Rogers Mastercard
1:50 Rogers Red World Elite Mastercard
3:22 Disadvantages
5:17 Summary

Music Credit: massobeats - honey jam

#personalfinance #finance #creditcard #rogers #mastercard #cashback

[AntonyLe]

As an owner of the Rogers World Elite Mastercard, just received a letter about the change to the new Rogers Red World Elite Mastercard, which states that as of April 2024, the $15k minimum spend requirement will be removed.

[peterh]

And to add you get 3% to use the card in the USA then the 2.5% transaction comes off of that to make .5% in the good.

[clintwalters]

Rogers isn’t losing money on this card. The fact that you have to be a customer means they’re making tons of money from you indefinitely. Brilliant move Rogers.

[DavidBergeron]

I kind of see Rogers lowering the rewards after like a year or even less. Once, they get everyone to get one service with them then they will cut the rewards I'm guessing. It's only very recently, in December, that Rogers changed the rewards from 30% to 50% when you redeem rewards towards Rogers bill (So it was 2.6% cashback before instead of 3%) (Edit, you actually mention it in the video at 0:19). I don't think Mastercard is charging every merchant over 3% so Rogers might be losing some money on transactions.

0:45 Why not 3% cashback on everything?

I'm hesitate to switch to Rogers, I'm actually with Cityfone which is owned by Rogers but Cityfone looks like shutting down but I'm in a contract for a year. I'll call Rogers in April and see if it's possible to switch.

[mik]

Can I be a secondary authorized user on Shaw to get the bonus?

[TheCounterpointer]

It says “business/corporate plans do not qualify” but I was able to take advantage of the 3% cash back with my corporate plan that my employer reimburses me for. Even if you might think your corporate plan might qualify, you should still try

[Classfied]

Finally a card to dethrone Colbalt. This card will essentially reduce my daily drivers to Rogers, Simplii, and Brim! It's crazy how Rogers WE used to offer 4% on foreign purchases too!

[larryh]

Thanks for the video. I like this card for gas. Where I am, gasoline is generally about $1.75 a liter or so. In addition, I use my BCAA card to get a 3 cent per litre discount. Now, if I pay using my Roger's credit card I get an additional 5.25 cents per liter (at $1.75 a litre) which brings my actual savings to 8.25 cents per litre. I use about 40 litres so I get back $4.10 a litre. One thing though, if you use the card, you get a 3% credit. You do not get a discount and to get the 3%, you need to spend it on a Roger's product and I pay my Roger's phone bill with it. I put some clients' items on the card and I haven't really paid a Roger's phone bill since the second month I got the card. This really has become my go to credit card although i use two others to get various discounts.

[laselecta]

Just got approved for this card. I shop at Costco and Walmart.

[intel]

I am still unable to wrap my head around why do you say close to 3%, because that 3% is only for my Roger's bill and for rest it's just 2% general. Or am I reading it wrong?

In that case it's at par with tangerine. The perfect combo would be
Use Mbna world elite for groceries to her 5%
Use Simplii cashback for restaurants for 4%
Use this or tangerine card for all other purchases

And if rental then use Scotiabank card paired with chexy for recurring bills

[ryankattner]

So if you made over 80, 000 one year, got the card, and then made less the next year would they check and take it back?

[jamiel]

Hey what's your referral link for this credit card? I want to apply and wanted to give you some credits by referral.

[nkflow]

Not 3% on everything. The other youtube guy got it wrong too

[davidg]

Doesnt it only offer 2% in canadian purchase and 3% in US purchase? That means most of canadian dont get 3%. Am I missing something?

[charu]

I didn’t see in their page, but do they offer no foreign transaction fees?

[wilsonw]

Any idea how to upgrade the normal rogers mc to the new rgers wemc?

[hunglongdee]

Great card, however with my past negative experience and hatred towards Rogers. This a no go for me lol

[WeaponXIX]

It’s 3% when you pay Rogers, Fido and Shaw bills. Nowhere else. For a free card, 2% is good enough.

[supbro]

For anyone who has recently applied for this card, did they ask for your proof of income?

[kleptodathief]

if it had no fx fees, it be the best credit card in the world lolz