BMO® CashBack World Elite Mastercard®
4.5·Big grocery spenders who want the highest cash back rate
- Annual fee
- $120/yr
- Welcome bonus
- ~$260
- Top reward
- 5% groceries
- Highest headline grocery cash-back rate in Canada
- Strong transit and gas categories
cash backno fee
Rogers® Red World Elite Mastercard® review
4.4Rated by the CreditCardGuru Editorial Team
The go-to no-fee card for cross-border and USD shoppers. The flat 1.5% is decent; the 3% on US-dollar purchases is what makes it special.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- ~$60
- Foreign tx fee
- 2.5%
- Network
- MASTERCARD
- Rewards
- cash back
- Purchase APR
- 20.99%
Rewards & earn rates
| US-dollar purchasesEffectively offsets the FX fee | 3% |
| Everything else | 1.5% |
Welcome offer: Bonus cash back on early spend (offer varies).
Pros & cons
Pros
- Flat 1.5% on everything with no fee
- Uniquely good for US-dollar spending
- World Elite perks at $0 annual fee
Cons
- Best US-dollar rate needs a Rogers/Shaw account to redeem easily
- $80k income requirement for a no-fee card
Perks & insurance
Key perks
- No annual fee with World Elite benefits
- 3% back on US-dollar purchases offsets the FX fee
- Mastercard Travel Pass lounge access
Insurance
- Travel emergency medical
- Rental car collision/loss damage
- Extended warranty & purchase protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 20.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
- Min. personal income
- $80,000
Compare Rogers® Red World Elite Mastercard® with…
Last updated June 1, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
CIBC® Dividend® Visa® Infinite Card
4.5·Households with heavy grocery and gas spend who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$350
- Top reward
- 4% groceries
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
C
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
- Transparent rating methodology
- Updated continuously
Cite this page
“Rogers® Red World Elite Mastercard® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/rogers-red-world-elite, updated June 1, 2026.