Regardless if you’d like journey factors, money again, low curiosity or perks, you may simply discover a Mastercard that caters to your wants. Let’s have a look at one of the best 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 once 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 inside the first 90 days.
Get $100 Present 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
Evaluate widespread Credit cards
Evaluate Mastercard bank cards out there in Canada utilizing our interactive device beneath. You’ll be able to filter playing cards primarily based on rewards worth, annual charges, earnings necessities and extra. Use the device beneath to check bank card choices, or preserve scrolling for our editors’ high picks.
MoneySense award winners
Take a look at 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 greatest 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 providers.
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Rogers Pink World Elite Mastercard
Annual charge: $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 |
| Revenue required | $80,000 per yr |
| Credit score rating | 725 or larger |
Greatest journey rewards Mastercard
At a look: You’re positive 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 supply: 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 out there 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 |
Greatest low-interest Mastercard
At a look: If you have 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 in the marketplace. So extra of your cash goes towards paying off your stability, and never feels. Plus, there is no such thing as a annual earnings 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 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 |
| Revenue required | None specified |
| Credit score rating | 660 or larger |
Greatest stability switch Mastercard
At a look: Feast your eyes on the greatest stability switch card in Canada. When you’re on the lookout for a method to cut back the curiosity on current debt, the MBNA True Line Mastercard gives a 0% stability switch price 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 further customers.
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MBNA True Line Mastercard
Annual charge: $0
Stability switch supply: Obtain a 0% rate of interest for 12 months on stability transfers accomplished inside 90 days. (Provide not out there 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 |
Greatest secured Mastercard
At a look: The Secured Neo Mastercard is the greatest 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 method 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 selection 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 supply: 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 kinds of bank cards does Mastercard have?
Mastercard is a bank card firm that companions with completely different monetary establishments and corporations to supply Mastercard playing cards. There are three tiers of Mastercard bank cards out there in Canada: together with its customary 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 out there in Canada. Faucet every class to see the checklist of Mastercard bank cards out there for Canadians.
How do I activate my Mastercard?
You don’t activate your Mastercard bank card by way of Mastercard itself. You must 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 permit you to 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 instantly.Â
You’ll be requested for the bank card quantity, expiration date and pin. It is best to be capable to create a pin, too. Put the pin quantity in a secure 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 completely different from what you utilize for different playing cards.Â
As soon as your card is activated, you should use it straight away. When you have any points, name the issuer.
The place can I get a Mastercard?
You’ve choices in Canada on the place to use for a Mastercard bank card. The plain selection is a financial institution or credit score union, similar to BMO, Nationwide Financial institution, RBC, Capital one or Desjardins. However you will have different choices. There are retail playing cards out there by way of corporations like President’s Alternative (Loblaws and Customers), Canadian Tire and Rogers. Even WestJet gives Mastercard bank cards by way of a partnership with RBC.Â
However that’s to not say you must apply instantly by way of the financial institution, particularly if you’re purchasing round. You may as well 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 are able to earn cash. Nonetheless, in contrast to another websites, we additionally think about bank cards that we don’t have a partnership with, so you may even see some playing cards and not using a hyperlink to use (no affiliate hyperlink out there). However we do our due diligence as private finance journalists to get you one of the best info doable.Â
