BMO CashBack World Elite Mastercard vs Rogers Red World Elite Mastercard
The short answer: for most people the BMO CashBack World Elite Mastercard is the better overall card — we rate it 4.5/5 and it shines if you want big grocery spenders who want the highest cash back rate. Choose the Rogers Red World Elite Mastercard instead if your priority is simple flat-rate cash back and us-dollar spending.
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| Our rating | 4.5 | 4.4 |
|---|---|---|
| Annual fee | $120/yr | No annual fee |
| Welcome bonus | ~$260 | ~$60 |
| Foreign transaction fee | 2.5% | 2.5% |
| Rewards type | cash back | cash back |
| Top earn rates |
|
|
| Purchase interest | 20.99% | 20.99% |
| Income required | $80,000 personal | $80,000 personal |
| Best for | Big grocery spenders who want the highest cash back rate | Simple flat-rate cash back and US-dollar spending |
| Apply now | Apply now |
BMO CashBack World Elite Mastercard
Our winnerThe cash-back leader for grocery-heavy households. Just mind the $500/month cap on the 5% rate — beyond that you're earning 1%.
Rogers Red World Elite Mastercard
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.
Frequently asked questions
Is the BMO CashBack World Elite Mastercard or the Rogers Red World Elite Mastercard better?
For most Canadians, the BMO CashBack World Elite Mastercard is the better overall pick (we rate it 4.5/5 vs 4.4/5). It's especially strong if you want big grocery spenders who want the highest cash back rate. The Rogers Red World Elite Mastercard can still win if you specifically want simple flat-rate cash back and us-dollar spending.
Which card has the lower annual fee?
The Rogers Red World Elite Mastercard has the lower annual fee (no annual fee vs a $120 annual fee).
Do either of these cards charge foreign transaction fees?
BMO CashBack World Elite Mastercard: 2.5% foreign transaction fee. Rogers Red World Elite Mastercard: 2.5% foreign transaction fee.