Credit Card Comparisons

Amex Cobalt vs Rogers Red World Elite Mastercard

The Cobalt is Canada's top grocery + dining card. The Rogers Red is Canada's most underrated no-fee cash back card. Here's how they compare.

Updated July 20, 2026· 6 min read

Comparison table

	Amex Cobalt	Rogers Red World Elite
Annual fee	$155.88	$0
Grocery earn	5x MR (~5%)	1.5%
Dining earn	5x MR (~5%)	1.5%
Everything else	1x MR (~1%)	1.5%
USD spend bonus	None (2.5% FX)	3% cash back
Network	Amex	Mastercard

Who should choose Cobalt

You spend $800+/mo on groceries and dining combined.
You value flexible points (Aeroplan, Marriott, BA).
Amex acceptance covers your regular merchants.

Who should choose Rogers Red

You want a no-fee everyday card with universal acceptance.
You shop at Costco (Mastercard-only in Canada).
You spend in USD (streaming, cross-border, US Amazon).

The best move: hold both

These cards complement each other perfectly. Use Cobalt for groceries and dining, Rogers Red for everything else and USD spend. Combined annual earnings typically exceed either card alone.

Key takeaways

Cobalt: $155.88/yr, 5x MR on groceries + dining (up to $2,500/mo).
Rogers Red World Elite: $0/yr, 1.5% cash back everywhere, 3% on USD purchases.
The Cobalt earns more on category spend; Rogers wins on everything else and has no fee.
Rogers Red is Mastercard — works at Costco. Cobalt is Amex — does not.

Frequently asked questions

Can I get approved for the Rogers Red World Elite without being a Rogers customer?+

Yes — Rogers Bank issues to non-customers, though Rogers/Fido/Shaw customers get an enhanced 2% cash back rate on their bill.

See how this fits YOUR wallet

Generic advice only goes so far. Run your Free Rewards Audit for personalized recommendations based on your cards, spending, and goals — or ask the AI Concierge a specific question.

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