Fido Mastercard
Annual Fee
$0.00
Interest Rate
19.99%
Balance Transfer
22.99%
Cash Advance
22.99%
Credit Score
Fair
Rewards
3.00%*
- Welcome Bonus: get $25 in cash back rewards when you make your first card purchase within 3 months of receiving your card.
- Get 3% unlimited cash back rewards on all eligible purchases made in a foreign currency.
- Get 2% unlimited cash back rewards on Fido and Rogers products and services charged to your card.
- Get 1.25% unlimited cash back on all other eligible purchases.
- Free additional cards.
Zero Liability included.
- You must be a Canadian resident or citizen.
- You must be at least the age of majority in your province or territory of residence.
Summary
The Fido Mastercard allows you to earn cash back on all purchases for no annual fee. Earn 3% cash back on all your eligible purchases made in a foreign currency and 2% cash back on Fido and Rogers products and services, as well as 1.25% cash back on all other eligible purchases.
Our Review
Fido Mastercard
The Fido Mastercard offers its holders cash back for every dollar spent, with a particularly rewarding rate on purchases made in foreign currencies. For no annual fee, cardholders can earn 1.25% cash back on all eligible purchases, 2% cash back on Fido and Rogers products and services, and an attractive 3% cash back on purchases made in foreign currencies. Although this card doesn’t offer insurance or other perks, the earning potential is fairly good for a no-fee option. All in all, if you frequently make purchases in foreign currencies, this card could be a great option for you. However, if you’re a frequent traveller there are other options that offer travel-related perks for no annual fee.
As per our rating system, this card scored 20/25 on rewards, 16/25 on interest rates and balance transfers, 9/25 on perks and insurance, and 25/25 on annual fees. Therefore, the total smart score of this card is 70/100.
Pros
- No annual fee.
- Welcome Bonus: get $25 in cash back rewards when you make your first card purchase within 3 months of receiving your card.
- Get 3% unlimited cash back rewards on all eligible purchases made in a foreign currency.
- Get 2% unlimited cash back rewards on Rogers products and services charged to your card.
- Get 1.25% unlimited cash back on all other eligible purchases.
- Free additional cards.
- Zero Liability included.
- Cash back can be redeemed any time once you have at least $20 in rewards.
Cons
- The 3% cash back rate only applies to purchases made in foreign currencies.
- The card offers no insurance or additional perks.