Regardless if you would like journey factors, money again, low curiosity or perks, you may simply discover a Mastercard that caters to your wants. Let’s take a look at the perfect bank cards Mastercard has to supply.
Finest Mastercard bank cards in Canada
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Finest money again Mastercard
Rogers Crimson World Elite Mastercard
Earn a minimal of 1.5% money again on all purchases, and three% on U.S. greenback purchases. Redeem rewards once you need.
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Curiosity Charges:
25.99% buy, 27.99% money advance, 27.99% stability switch
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Finest journey Mastercard
MBNA Rewards World Elite Mastercard
Get 5 MBNA Rewards factors per $1 throughout 5 classes, plus an annual bonus of 10% of the factors earned over 12 months.
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Curiosity Charges:
19.99% buy, 24.99% money advance, 22.99% stability switch
Welcome provide:
$200 worth
Earn 20,000 bonus factors (roughly $165 in money again worth) after you make $2,000 or extra in eligible purchases inside the first 90 days.
Get $100 Reward Card Provide
Finest stability switch Mastercard
MBNA True Line Mastercard bank card
Get on prime of your debt with a 12-month, interest-free interval on balances transferred from one other card.
Provide ends
April 22, 2025
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Curiosity Charges:
12.99% buy, 24.99% money advance, 17.99% stability switch
Evaluate well-liked Credit cards
Evaluate Mastercard bank cards accessible in Canada utilizing our interactive instrument beneath. You’ll be able to filter playing cards primarily based on rewards worth, annual charges, revenue necessities and extra. Use the instrument beneath to check bank card choices, or hold scrolling for our editors’ prime picks.
MoneySense award winners
Take a look at the professionals and cons of our prime Mastercard picks throughout the money again, journey, stability switch and different classes.
Finest money again Mastercard
At a look: The Rogers Crimson World Elite Mastercard is our decide for the finest money again card in Canada. It gives a excessive 1.5% money again on all purchases, with a standout 3% money again on U.S. greenback purchases. The cardboard has no annual charge, but it nonetheless packs spectacular perks, like complete insurance coverage and entry to concierge companies.
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Rogers Crimson World Elite Mastercard
Annual charge: $0
Welcome provide: None at the moment.
Card particulars
| Rates of interest | 25.99% on purchases, 27.99% on money advances, 27.99% on stability transfers |
| Revenue required | $80,000 per yr |
| Credit score rating | 725 or larger |
Finest journey rewards Mastercard
At a look: You’re certain to rack up factors rapidly with the MBNA Rewards World Elite Mastercard. Along with incomes 5 MBNA Rewards factors per $1 spent throughout 5 classes—restaurant, grocery, digital media, membership and family utility purchases on the cardboard—cardholders get an annual birthday bonus of 10% of the factors earned within the final 12 months. How enjoyable is that?!
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MBNA Rewards World Elite Mastercard
Annual charge: $120
Welcome provide: earn 20,000 bonus factors (roughly $165 in money again worth) after you make $2,000 or extra in eligible purchases inside the first 90 days. (Not accessible for residents of Quebec.)
Card particulars
| Rates of interest | 19.99% on purchases, money advances 24.99% on money advances, 22.99% on stability transfers |
| Revenue required | $80,000 per yr |
| Credit score rating | 660 or larger |
| Level worth | 1 MBNA Rewards level = $0.01 when redeemed for journey |
Finest low-interest Mastercard
At a look: If it’s worthwhile to pay down debt, the MBNA True Line Gold Mastercard has loads to supply, like a modest $39 annual charge and one of many lowest rates of interest available on the market. So extra of your cash goes towards paying off your stability, and never feels. Plus, there isn’t any annual revenue requirement, making this extraordinarily accessible for a lot of Canadians.
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MBNA True Line Gold Mastercard
Annual charge: $39
Low rate of interest: 10.99%
Welcome provide: This card doesn’t have a welcome provide at the moment.
Card particulars
| Rates of interest | 24.99% on money advances, 13.99% on stability transfers |
| Revenue required | None specified |
| Credit score rating | 660 or larger |
Finest stability switch Mastercard
At a look: Feast your eyes on the finest stability switch card in Canada. Should you’re on the lookout for a strategy to scale back the curiosity on present debt, the MBNA True Line Mastercard gives a 0% stability switch charge for a full yr. Even on the common stability switch rate of interest of 17.99%, this card saves you on curiosity expenses. There’s no annual charge for you and as much as 9 extra customers.
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MBNA True Line Mastercard
Annual charge: $0
Steadiness switch provide: Obtain a 0% rate of interest for 12 months on stability transfers accomplished inside 90 days. (Provide not accessible for residents of Quebec.)
Card particulars
| Rates of interest | 12.99% on purchases, 24.99% on money advances, 17.99% on stability transfers |
| Revenue required | None specified |
| Credit score rating | 660 or larger |
Finest secured Mastercard
At a look: The Secured Neo Mastercard is the finest secured bank card in Canada. With a low annual charge and the choice to start out with a deposit as little as $50, this secured bank card works as an reasonably priced strategy to set up or rebuild credit score. Plus, the Neo account dashboard is simple to make use of to handle your account and to redeem rewards on eligible purchases, making it a sensible alternative for on a regular basis spending.
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Secured Neo Mastercard
Annual charge: $60
Rewards: A minimal of 0.5% money again and a median of 5% money again on purchases at companions
Welcome provide: Get $25 once you enroll.
Card particulars
| Rates of interest | 19.99% to 29.99% on purchases (19.99% to 24.99% for Quebec residents) and 22.99% to 31.99% on money advances (22.99% to 25.99% for Quebec residents) |
| Revenue required | None |
| Credit score rating | 690 or larger |
What forms of bank cards does Mastercard have?
Mastercard is a bank card firm that companions with totally different monetary establishments and corporations to supply Mastercard playing cards. There are three tiers of Mastercard bank cards accessible in Canada: together with its commonplace bank cards, World and World Elite playing cards. The World comes with extra perks than the usual card and World Elite comes with premium advantages, like higher rewards and insurance coverage protection. However listed here are the Mastercard playing cards accessible in Canada. Faucet every class to see the listing of Mastercard bank cards accessible for Canadians.
How do I activate my Mastercard?
You don’t activate your Mastercard bank card by Mastercard itself. It’s a must to do this with the bank card issuer, whether or not it’s BMO, PC Monetary or Westjet. However the good factor is that the majority suppliers will let you do it the identical manner: contacting the issuer by phone or on-line/app. By no means reply to a textual content message or electronic mail prompting you to activate your bank card, as that is likely to be a phishing rip-off. All the time go to the issuer instantly.
You’ll be requested for the bank card quantity, expiration date and pin. It’s best to be capable of create a pin, too. Put the pin quantity in a protected place and by no means use something apparent, like your birthday or a typical sequence of numbers (like 1-2-3-4). And if you can also make the pin lengthy (say greater than 4 characters), go for it. And ensure the pin is totally different from what you employ for different playing cards.
As soon as your card is activated, you need to use it straight away. In case you have any points, name the issuer.
The place can I get a Mastercard?
You may have choices in Canada on the place to use for a Mastercard bank card. The apparent alternative is a financial institution or credit score union, resembling BMO, Nationwide Financial institution, RBC, Capital one or Desjardins. However you will have different choices. There are retail playing cards accessible by firms like President’s Alternative (Loblaws and Buyers), Canadian Tire and Rogers. Even WestJet gives Mastercard bank cards by a partnership with RBC.
However that’s to not say it’s a must to apply instantly by the financial institution, particularly if you’re buying round. You can even apply by articles like this one on MoneySense. Whereas we evaluate and rank bank cards and different monetary merchandise, it’s one of many methods we will earn cash. Nevertheless, in contrast to another websites, we additionally take into account bank cards that we don’t have a partnership with, so you might even see some playing cards with no hyperlink to use (no affiliate hyperlink accessible). However we do our due diligence as private finance journalists to get you the perfect info doable.