Regardless if you’d like journey factors, money again, low curiosity or perks, you’ll be able to simply discover a Mastercard that caters to your wants. Let’s take a look at the most effective bank cards Mastercard has to supply.
Greatest Mastercard bank cards in Canada
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Greatest money again Mastercard
Rogers Pink World Elite Mastercard
Earn a minimal of 1.5% money again on all purchases, and three% on U.S. greenback purchases. Redeem rewards whenever you need.
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Curiosity Charges:
25.99% buy, 27.99% money advance, 27.99% stability switch
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Greatest 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 supply:
$200 worth
Earn 20,000 bonus factors (roughly $165 in money again worth) after you make $2,000 or extra in eligible purchases throughout the first 90 days.
Get $100 Reward Card Provide
Greatest stability switch Mastercard
MBNA True Line Mastercard bank card
Get on high 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
Examine standard Credit cards
Examine Mastercard bank cards obtainable in Canada utilizing our interactive device under. You may filter playing cards based mostly on rewards worth, annual charges, revenue necessities and extra. Use the device under to check bank card choices, or keep scrolling for our editors’ high picks.
MoneySense award winners
Try the professionals and cons of our high Mastercard picks throughout the money again, journey, stability switch and different classes.
Greatest money again Mastercard
At a look: The Rogers Pink World Elite Mastercard is our choose for the best cash back card in Canada. It presents 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 payment, but it nonetheless packs spectacular perks, like complete insurance coverage and entry to concierge providers.
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Rogers Pink World Elite Mastercard
Annual payment: $0
Welcome supply: None at the moment.
Card particulars
| Rates of interest | 25.99% on purchases, 27.99% on money advances, 27.99% on stability transfers |
| Earnings required | $80,000 per yr |
| Credit score rating | 725 or greater |
Greatest journey rewards Mastercard
At a look: You’re certain to rack up factors shortly 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 payment: $120
Welcome supply: earn 20,000 bonus factors (roughly $165 in money again worth) after you make $2,000 or extra in eligible purchases throughout the first 90 days. (Not obtainable 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 |
| Earnings required | $80,000 per yr |
| Credit score rating | 660 or greater |
| Level worth | 1 MBNA Rewards level = $0.01 when redeemed for journey |
Greatest low-interest Mastercard
At a look: If you’ll want to pay down debt, the MBNA True Line Gold Mastercard has rather a lot to supply, like a modest $39 annual payment 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 payment: $39
Low rate of interest: 10.99%
Welcome supply: This card doesn’t have a welcome supply at the moment.
Card particulars
| Rates of interest | 24.99% on money advances, 13.99% on stability transfers |
| Earnings required | None specified |
| Credit score rating | 660 or greater |
Greatest stability switch Mastercard
At a look: Feast your eyes on the best balance transfer card in Canada. Should you’re on the lookout for a option to scale back the curiosity on present debt, the MBNA True Line Mastercard presents 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 prices. There’s no annual payment for you and as much as 9 extra customers.
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MBNA True Line Mastercard
Annual payment: $0
Stability switch supply: Obtain a 0% rate of interest for 12 months on stability transfers accomplished inside 90 days. (Provide not obtainable for residents of Quebec.)
Card particulars
| Rates of interest | 12.99% on purchases, 24.99% on money advances, 17.99% on stability transfers |
| Earnings required | None specified |
| Credit score rating | 660 or greater |
Greatest secured Mastercard
At a look: The Secured Neo Mastercard is the best secured credit card in Canada. With a low annual payment and the choice to begin with a deposit as little as $50, this secured bank card works as an reasonably priced option 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 wise alternative for on a regular basis spending.
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Secured Neo Mastercard
Annual payment: $60
Rewards: A minimal of 0.5% money again and a median of 5% money again on purchases at companions
Welcome supply: Get $25 whenever 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) |
| Earnings required | None |
| Credit score rating | 690 or greater |
What kinds of bank cards does Mastercard have?
Mastercard is a bank card firm that companions with totally different monetary establishments and firms to supply Mastercard playing cards. There are three tiers of Mastercard bank cards obtainable in Canada: together with its normal 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 obtainable in Canada. Faucet every class to see the record of Mastercard bank cards obtainable for Canadians.
How do I activate my Mastercard?
You don’t activate your Mastercard bank card by way of Mastercard itself. It’s a must to try 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 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 e mail prompting you to activate your bank card, as that could be a phishing rip-off. All the time go to the issuer straight.
You’ll be requested for the bank card quantity, expiration date and pin. You need to be capable to 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 may 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 should use it instantly. You probably have any points, name the issuer.
The place can I get a Mastercard?
You’ve gotten choices in Canada on the place to use for a Mastercard bank card. The plain alternative is a financial institution or credit score union, equivalent to BMO, Nationwide Financial institution, RBC, Capital one or Desjardins. However you’ve different choices. There are retail playing cards obtainable by way of firms like President’s Selection (Loblaws and Buyers), Canadian Tire and Rogers. Even WestJet presents Mastercard bank cards by way of a partnership with RBC.
However that’s to not say it’s important to apply straight by way of the financial institution, particularly if you’re purchasing round. It’s also possible to apply by way of 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 may even see some playing cards with out a hyperlink to use (no affiliate hyperlink obtainable). However we do our due diligence as private finance journalists to get you the most effective data doable.