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Email this2:18 am
December 26, 2018
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Which one is better? Please shed some light.
4:02 am
March 17, 2018
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Rogers credit card if you qualify for the World Elite, since it has 1.75% across the board cash back and better insurance benefits. Or, get the Tangerine for 3 months and then cancel, since for first 3 months it earns 4% on 2 or 3 categories. AFter that it's only 2% on 2 or 3 categories and 0.5% on the rest. If you like to churn credit cards you can also try for a year and then cancel BMO World Elite, Scotia Passport Infinite Visa, TD First Class Travel, and many others.
5:28 am
October 21, 2013
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I think most people would be better off with the Rogers World Elite card if they qualify.
Unless you spend astronomical amounts at grocery stores and the like, you are usually better off with a card that gives the same rate for all purchases because most purchases do not fit into one of the categories.
7:48 am
December 12, 2009
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Canadianbull said
Which one is better? Please shed some light.
I would go with the Rogers World Elite MasterCard, even though not a Rogers customer, because you can request to redeem your cash back rewards as a Rogers MasterCard statement credit, according to Briguy in another thread, but also because its "all other purchases" rewards ratio is at least 1% (or better) whereas Tangerine's is 0.5%. Tangerine allows you to select your merchant categories, and, optionally, to redeem your cash back directly to a savings account, but trying to remember which type of merchant you're at so you don't accidentally only get 0.5% rewards is a royal pain in the butt.
Even Rogers regular MasterCard, with 1.5-2% on certain categories and 1% on all other categories of merchants, beats Tangerine, in my view.
Still, I used to be quite pessimistic on Canadian Tire's credit card, but since they rebranded as Triangle and launched no fee World and World Elite varieties, I would say it's even better than Rogers. Apparently, they have a bill payment function built into the CT MasterCard online portal that allows you to earn rewards on online bill payments, like Paytm, even though they're only 0.80-1%. Still, that's better than nothing and I'd rather go with them, given the choice, than an India-based fintech company (Paytm) that doesn't disclose its financials or whether it's even profitable and which has spelling errors on its website. 
Cheers,
Doug
7:51 am
December 12, 2009
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I note that their World Elite MasterCard's qualifier is "household income." When I'm working again, I should probably apply for this card and use my parents' income as the "other household income." They don't say it has to be a married spouse's income.
Seriously, though, I do think these income qualifiers are elitist. Offer it to everyone. They could charge different interest rates based on creditworthiness, as would likely be prudent. Moreover, do they even do income verification? I've never had a credit card verify my income. Even if they did, since they only care about point-in-time income and do not re-adjust your credit limit or whether you can have their card later, you could annuitize a over a 1- to 5-year term that pays you sufficient other investment/interest income each month so as to bump you up to qualifying threshold. That's the fallacy of their logic, in my view.
Cheers,
Doug
8:24 am
December 26, 2018
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Thank you all!
I already have Roger's world Elite since December 2018.
I pay everything with this card except gas and restaurant bills.
I use Costco cash back no fee MC for gas (2% cash back) and restaurants (3% cash back).
9:01 pm
January 3, 2013
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Here is how I do it:
Grocery (Except Walmart) Canadian Tire World Elite MC - 3%
Grocery (Walmart): MBNA 2%
Gas Canadian Tire: CT MC - 5 cents discount per litre
Gas others: MBNA 2% (vs 1.75% Rogers)
Everything else: Electronics, Travel (Flights, Rental Cars, Hotels, Airbnb, etc), ALL foreign transcations, dining, etc: Rogers Elite 1.75% CAD (1.5% Foreign 4-2.5)
MBNA is an old CC for me so I am keeping it.
CT MC is great for its Roadside assistance. Haven't used it yet but great to have it for free.
10:10 pm
April 6, 2013
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Doug said
I note that their World Elite MasterCard's qualifier is "household income." When I'm working again, I should probably apply for this card and use my parents' income as the "other household income." They don't say it has to be a married spouse's income.Seriously, though, I do think these income qualifiers are elitist. Offer it to everyone. …
The card issuers used to offer the premium cards to everyone. The merchants howled after seeing their average credit card interchange costs soar.
Under threat of federal legislation, the Visa and MasterCard card networks "voluntarily" restrained themselves. See earlier post.
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