Is the Rogers Red World Elite better than the Costco Mastercard at Costco?

Yes, in the warehouse: 1.5% (2% with a Rogers service) against 1%. No at Costco gas and restaurants, where the Costco card pays 3%.

Does the Rogers Red World Elite Mastercard have a foreign transaction fee?

Yes, 2.5%, so its 3% on U.S.-dollar purchases nets about 0.5%.

Can I use the Rogers World Elite at a U.S. Costco?

No. U.S. Costco warehouses accept only the CIBC Costco Mastercard among Mastercards; use a Visa there.

What income do you need for the Rogers Red World Elite?

$80,000 personal or $150,000 household income, per Rogers Bank.

Is there a cap on Rogers Red World Elite cash back?

The 2% and 3% rates apply to the first $61,000 spent each year; after that purchases earn 1.5% until the reset date.

Money

Rogers Red World Elite Mastercard vs Costco Mastercard: the better card inside Costco?

The Rogers Red World Elite Mastercard pays 1.5% on everything (2% with a Rogers, Fido or Shaw service), beating the CIBC Costco Mastercard's 1% inside Costco warehouses, but the Costco card wins at Costco gas and restaurants (3%). Both are $0. Rogers needs $80,000 of personal income.

By Flatcart Editorial · Last reviewed Oct 15, 2026 · 4 min read

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Illustration of a balance scale beside the title "Rogers Red World Elite Mastercard vs Costco Mastercard"

The Rogers Red World Elite Mastercard is the rare no-fee card that beats the CIBC Costco Mastercard inside Costco: it pays 1.5% on everything, or 2% if you have a qualifying Rogers, Fido or Shaw service, against the Costco card's 1% in the warehouse. The Costco card still wins at Costco gas and restaurants (3%). Both cost $0, but Rogers needs $80,000 of personal income. On our sample household, using both beats either one. Compare every option on our best cards for Costco page.

Calculator

What the Costco card earns at the gas bar and restaurants

Enter your Costco gas and restaurant spending; that’s the part the Costco card should keep even if Rogers handles the rest.

Estimate your yearly cash back

Sample data

CategoryMonthly spendEarn rate

Restaurants$%

Gas at Costco$%

Costco.ca$%

Other gas stations and EV charging$%

Everything else, including Costco warehouses$%

Estimated cash back per year

$186.00

Rates are CIBC’s published rates and are editable, as is the spending. Includes CIBC’s yearly category caps (spending above a cap earns 1%); there’s no limit on total cash back. Check current terms before you apply.

See the CIBC Costco Mastercard

How does the Rogers Red World Elite compare with the Costco Mastercard?

From Rogers Bank's help centre and CIBC's documents, checked October 4, 2026:

	CIBC Costco Mastercard	Rogers Red World Elite Mastercard
Annual fee	$0	$0
Minimum income	$15,000	$80,000 personal or $150,000 household
Costco warehouse	1%	1.5% (2% with a Rogers, Fido or Shaw service)
Costco gas	3% (first $5,000 of gas a year)	1.5% (2%)
Restaurants	3%	1.5% (2%)
U.S.-dollar purchases	1%, minus a 2.5% fee	3%, minus a 2.5% fee
Yearly cap	Category caps on gas and Costco.ca	Bonus rates on the first $61,000 a year, then 1.5%
Cash back paid	Costco certificate, once a year	Redeem from $10 against recent purchases; 1.5x value on Rogers, Fido or Shaw bills until November 18, 2026
Works at U.S. Costcos	Yes	No (U.S. warehouses list only the CIBC card among Mastercards)

Which card should you use inside Costco?

The Rogers card, if you have it. In the warehouse it pays 1.5% to 2% against CIBC's 1%, a 50% to 100% better return on your biggest Costco spending. Costco warehouses take any Mastercard, so it works at the till; see which cards Costco accepts. At the gas bar and at restaurants, switch to the Costco card for 3%.

How much does each earn for a Costco household?

Sample data: the household from our two-card guide ($27,000 a year, including $6,000 at Costco, $2,400 on Costco gas and $3,000 at restaurants).

Setup	Cash back a year
CIBC Costco Mastercard only	$378
Rogers Red World Elite only (1.5%)	$405
Rogers Red World Elite only, with a Rogers service (2%)	$540
CIBC for Costco gas and restaurants, Rogers for everything else (1.5%)	$486
Same, with a Rogers service (2%)	$594

Rogers also has a no-income-requirement sibling, the Rogers Red Mastercard: 2% on everything with a Rogers service, otherwise 2% on U.S. dollars and 1% on the rest, on the first $16,000 a year, then 1%. Without a Rogers service, it's no better than the Costco card in the warehouse.

Is the 3% on U.S. dollars worth it for cross-border Costco runs?

Not at U.S. Costco warehouses: they accept Visa and, among Mastercards, only the CIBC Costco Mastercard. Elsewhere in the U.S., Rogers' 3% minus its 2.5% conversion fee nets about 0.5%, better than the 1.5% you lose on most cards, but a no-fee-abroad card does better; see no foreign transaction fee cards.

What about payouts and insurance?

Rogers lets you redeem from $10 against purchases from the last 90 days, and gives 1.5 times the value when you redeem against Rogers, Fido or Shaw bills until November 18, 2026. From that date Rogers switches to standard redemption and instead pays 5% on eligible Rogers purchases (postpaid Rogers, Fido or Shaw mobile bills and Rogers or Fido website purchases), which is still strong if you're already a customer. CIBC pays a Costco certificate each January. Rogers lists extended warranty, purchase protection, rental car collision and out-of-province medical coverage; its trip cancellation, interruption and delay coverage ends on November 18, 2026, when emergency medical for cardholders 64 and under grows from 10 to 15 days a trip; the CIBC card has no travel or rental coverage but includes mobile device insurance. See CIBC's coverage.

Which should you get?

You qualify for Rogers ($80,000 income) and shop at Costco often: both. Rogers in the warehouse and for everyday spending, the Costco card at the gas bar and restaurants.
You're a Rogers, Fido or Shaw customer: the 2% rate and the extra on Rogers bills (1.5x redemption until November 18, 2026, then 5% on eligible Rogers purchases) make Rogers your main card.
You don't meet the income requirement: the CIBC Costco Mastercard, paired with a no-fee grocery card.

Frequently asked questions

Is the Rogers Red World Elite better than the Costco Mastercard at Costco?: Yes, in the warehouse: 1.5% (2% with a Rogers service) against 1%. No at Costco gas and restaurants, where the Costco card pays 3%.
Does the Rogers Red World Elite Mastercard have a foreign transaction fee?: Yes, 2.5%, so its 3% on U.S.-dollar purchases nets about 0.5%.
Can I use the Rogers World Elite at a U.S. Costco?: No. U.S. Costco warehouses accept only the CIBC Costco Mastercard among Mastercards; use a Visa there.
What income do you need for the Rogers Red World Elite?: $80,000 personal or $150,000 household income, per Rogers Bank.
Is there a cap on Rogers Red World Elite cash back?: The 2% and 3% rates apply to the first $61,000 spent each year; after that purchases earn 1.5% until the reset date.

Compare the best cards for Costco

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