Rogers Red World Elite Mastercard vs Wealthsimple Credit Card
The short answer: for most people the Rogers Red World Elite Mastercard is the better overall card — we rate it 4.4/5 and it shines if you want simple flat-rate cash back and us-dollar spending. Choose the Wealthsimple Credit Card instead if your priority is no-fee, no-fx everyday cash back — especially for wealthsimple clients.
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| Our rating | 4.4 | 4.4 |
|---|---|---|
| Annual fee | No annual fee | No annual fee |
| Welcome bonus | ~$60 | None |
| Foreign transaction fee | 2.5% | None |
| Rewards type | cash back | cash back |
| Top earn rates |
|
|
| Purchase interest | 20.99% | 20.99% |
| Income required | $80,000 personal | None stated |
| Best for | Simple flat-rate cash back and US-dollar spending | No-fee, no-FX everyday cash back — especially for Wealthsimple clients |
| Apply now | Apply now |
Rogers Red World Elite Mastercard
Our winnerThe 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.
Wealthsimple Credit Card
A standout no-fee card: a flat 1% with zero foreign transaction fees is rare, and Wealthsimple clients can push it to 2%. A no-fuss everyday and travel card.
Frequently asked questions
Is the Rogers Red World Elite Mastercard or the Wealthsimple Credit Card better?
For most Canadians, the Rogers Red World Elite Mastercard is the better overall pick (we rate it 4.4/5 vs 4.4/5). It's especially strong if you want simple flat-rate cash back and us-dollar spending. The Wealthsimple Credit Card can still win if you specifically want no-fee, no-fx everyday cash back — especially for wealthsimple clients.
Which card has the lower annual fee?
Both cards have no annual fee.
Do either of these cards charge foreign transaction fees?
Rogers Red World Elite Mastercard: 2.5% foreign transaction fee. Wealthsimple Credit Card: no foreign transaction fee.