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Rogers Fido™ Mastercard® Review

Rogers Fido™ Mastercard® review

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3.0

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1% The 1% cash back rewards rate on all purchases is extremely rich when compared to the market for no-fee cards

$25 Welcome bonus: Fido currently offers a sign-up bonus of $25 when you make your first purchase within three months of receiving your card. Conditions apply.

1.5 Earn 1.5% cash back rewards on all online and in-store Fido purchases, including your monthly Fido bill.

19.99% Purchase APR

22.99% Cash Advance APR

$0 Annual Fee

Good Recommended Credit Score

3.0

Rogers Fido™ Mastercard® review

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The Rogers Fido Mastercard is no longer available

Recommended Rogers FIDO credit card alternatives

Ok, this was a no annual fee card with a 1% cash back on all purchases. It also had 1.5% cash back on Fido Bills. You can get the Rogers World Elite credit card where you can earn bonus points as a Rogers customer, but let's focus on no annual fee cash back credit cards. 

Tangerine Money-Back Credit Card

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4.0

Good

Suggested credit score

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Pros

  • No annual fee

  • Choose the spending categories where you want to earn the most cash back

  • Unlimited cash back—no maximum spending limit for any purchase category

  • Cash back is paid out monthly rather than annually

  • Periodically includes a special welcome offer where you can get extra cash back

  • 1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*

Cons

  • Regular cash back rates are still lower than what you can get from a card with an annual fee

  • Limited extra perks or benefits beyond the cash back and balance transfer promotion

  • Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart

  • Tangerine does not have any physical bank branches

Eligibility

Recommended Credit Score

Good

Required Annual Personal Income

$12,000

Pros

  • No annual fee

  • Choose the spending categories where you want to earn the most cash back

  • Unlimited cash back—no maximum spending limit for any purchase category

  • Cash back is paid out monthly rather than annually

  • Periodically includes a special welcome offer where you can get extra cash back

  • 1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*

Cons

  • Regular cash back rates are still lower than what you can get from a card with an annual fee

  • Limited extra perks or benefits beyond the cash back and balance transfer promotion

  • Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart

  • Tangerine does not have any physical bank branches

Eligibility

Recommended Credit Score

Good

Required Annual Personal Income

$12,000

Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)

2%

Get a Tangerine Savings account and add a 3rd 2% cash back category.

3

Earn 0.50% on all your other everyday purchases.

0.5%

Variable APR

19.95% - 24.95%

Balance Transfer Rate

1.95%

Cash Advance APR

19.95%

Annual Fee

$0

Foreign Transaction Fee

2.5%

Scotia Momentum® No-Fee Visa* Card

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3.0

5% cash back

Welcome offer

Fair

Suggested credit score

Earn 5% cash back on all purchases for the first 3 months (up to $2,000 in total purchases); Plus, get a 0% introductory interest rate on balance transfers for the first 6 months (22.99% after that; annual fee $0)

Expires

Nov 1, 2025

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Pros

  • No annual fee: The card does not charge an annual fee, making it cost-effective for users.

  • Cash back rewards: Offers 1% cash back on eligible gas, groceries, drugstore purchases and recurring bill payments.

  • Welcome bonus: There is a welcome bonus of 5% cash back on up to $2,000 in eligible purchases within the first three months.

  • Promotional balance Transfer Rate: A promotional 0% annual interest rate on balance transfers for the first six months (with a 2% balance transfer fee).

  • Rental car discounts: Cardholders can save up to 25% off base rates at participating AVIS and Budget locations in Canada and the U.S.

Cons

  • Limited insurance: No included insurance coverage, though optional insurance bundles are available for a fee.

  • Low base rewards rate: After exceeding the $25,000 spending cap, the cash back rewards drop to a base rate of 0.5%.

  • Rigid redemption process: Cash back is accumulated monthly but can only be redeemed once annually in November.

  • Balance transfer fee: There is a 2% balance transfer fee when utilizing the promotional balance transfer rate.

  • Foreign transaction fee: The card charges a 2.5% foreign transaction fee on purchases made in a foreign currency.

  • Limited perks: Compared to other no-fee cards, the Scotia Momentum No-Fee Visa Card offers fewer perks and lower reward rates.

Eligibility

Recommended Credit Score

Fair

Pros

  • No annual fee: The card does not charge an annual fee, making it cost-effective for users.

  • Cash back rewards: Offers 1% cash back on eligible gas, groceries, drugstore purchases and recurring bill payments.

  • Welcome bonus: There is a welcome bonus of 5% cash back on up to $2,000 in eligible purchases within the first three months.

  • Promotional balance Transfer Rate: A promotional 0% annual interest rate on balance transfers for the first six months (with a 2% balance transfer fee).

  • Rental car discounts: Cardholders can save up to 25% off base rates at participating AVIS and Budget locations in Canada and the U.S.

Cons

  • Limited insurance: No included insurance coverage, though optional insurance bundles are available for a fee.

  • Low base rewards rate: After exceeding the $25,000 spending cap, the cash back rewards drop to a base rate of 0.5%.

  • Rigid redemption process: Cash back is accumulated monthly but can only be redeemed once annually in November.

  • Balance transfer fee: There is a 2% balance transfer fee when utilizing the promotional balance transfer rate.

  • Foreign transaction fee: The card charges a 2.5% foreign transaction fee on purchases made in a foreign currency.

  • Limited perks: Compared to other no-fee cards, the Scotia Momentum No-Fee Visa Card offers fewer perks and lower reward rates.

Eligibility

Recommended Credit Score

Fair

Cash back at gas stations, grocery stores, drugs stores, and on recurring payments.

1%

Cash back on all other eligible purchases.

0.5%

Off base rates at Avid and Budget locations in North America.

25%

Purchase APR

19.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$0

Foreign Transaction Fee

2.5%

Simplii Financial™ Cash Back Visa* Card

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3.0

10% cash back†

Welcome offer

Good

Suggested credit score

Up to 10% cash back† for your first 3 months up to $1,000 eligible spend

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Pros

  • Extremely high cash back on bars and restaurants

  • Solid cash back on groceries, drug store, gas and prepayments

  • No annual fee

  • Up to three additional cards free of charge

Cons

  • Cash back applied as year-end statement credit

Eligibility

Recommended Credit Score

Good

Required Annual Household Income

$15,000

Pros

  • Extremely high cash back on bars and restaurants

  • Solid cash back on groceries, drug store, gas and prepayments

  • No annual fee

  • Up to three additional cards free of charge

Cons

  • Cash back applied as year-end statement credit

Eligibility

Recommended Credit Score

Good

Required Annual Household Income

$15,000

Earn 4% on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year†

4%

Earn 1.5% on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year† - after that 0.5% unlimited

1.5%

Earn 0.5% on all other credit card purchases with no limit on how much you can earn†

0.5%

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$0

Foreign Transaction Fee

2.5%

Fido customers are some of the most loyal mobile customers in the country. With the Rogers Fido™ Mastercard®, Fido just gave them another reason to fall in love all over again. In fact, there’s a good reason many Canadians should have it – even if they’re not Fido customers.

To start, the Rogers Fido™ Mastercard® has no annual fee and offers rich unlimited cash back rewards rates of 1.5% cash back on Fido related bills and 1% cash back on all other purchases. There are absolutely no caps, tiers or limits on how much cash back rewards you can earn. You can redeem your cash back rewards as a once-yearly statement credit if you like, or more easily with the unique Pay with Rewards app from Mastercard.

To make things even more attractive, you can get $25 in cash back rewards as a welcome bonus, just for making a purchase on the card within 3 months of receiving it. Conditions apply.

With no annual fee, a $25 welcome bonus, a flat cash back rewards rate of 1% and a nice 1.5% cash back on all your eligible Recurring Payments and subscriptions, including your Fido or Rogers bill, utilities, streaming services. Fido is basically paying you to try the card.

Pros and cons

Pros

Pros

  • High 1% cash back on all purchases

  • 1.5% cash back on Fido bills

  • Unlimited cash back with no caps or tiers

  • $25 welcome bonus with a simple condition

  • No annual fee, making it risk-free to try

Cons

Cons

  • Welcome bonus has conditions

  • Focused benefits on Fido-related spending

  • Limited redemption options for cash back

  • No detailed comparison with other cards

  • Potential bias in the review towards Fido customers

Rogers Fido Mastercard review:

  1. 1.

    1% cash back rewards: The 1% cash back rewards rate on all purchases is extremely rich when compared to the market for no-fee cards. There are no tiers or limits to how much cash back rewards you can earn – it truly is unlimited. 

  2. 2.

    Accelerated cash back rewards for Fido: Earn 1.5% cash back rewards on all online and in-store Fido purchases, including your monthly Fido bill.

  3. 3.

    Cash back redemption: This is a true cash back rewards credit card whether you’re a Fido customer or not. You can redeem your cash back rewards as a statement credit at the end of each year (apply your cash back rewards against your credit card bill). Alternatively, you can download the Pay with Rewards application (or find it by logging into Rogers online) and redeem as little as $20 in cash back rewards at a time against items on your statement.

  4. 4.

    No annual fee: There is no annual fee on the Rogers Fido Mastercard, ever.

  5. 5.

    Welcome bonus: Fido currently offers a sign-up bonus of $25 when you make your first purchase within three months of receiving your card. Conditions apply.

Is the Rogers Fido Mastercard worth it?

For Fido customers:

If you’re a Fido customer there are four compelling reasons to get this card and keep it in your wallet.

  • A high flat cashback rewards rate of 1% for a credit card with no annual fee.
  • 1.5% cashback rewards on all online and in-store Fido purchases, including monthly Fido bills.
  • No annual fee makes it free to try, with absolutely no risk.
  • $25 sign-up bonus after your first purchase within 3 months of receiving the card.

For non-Fido customers:

If you’re not a Fido customer, this may still be the best credit card choice in Canada for you.

  • You can redeem your 1% cashback rewards as a statement credit and on everyday purchases – not just against Fido services and products.
  • Earn 1.5% in unlimited cash back rewards on all your eligible Recurring Payments and subscriptions, including: your Rogers bill, utilities, streaming services.
  • There is no annual fee – ever.
  • Get $25 in cash back rewards when you make your first card purchase within 3 months of receiving your card. Conditions apply.

This post was not sponsored. The views and opinions expressed in this review are purely our own.

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