Bank card comparability instrument
Examine Mastercard bank cards obtainable in Canada utilizing our interactive instrument beneath. You may filter playing cards primarily based on rewards worth, annual charges, earnings necessities and extra.
The most effective Mastercard bank cards in Canada
Mastercard is likely one of the three main fee processing networks in Canada, together with Visa and American Specific. And though Mastercard doesn’t challenge its personal bank cards, it has partnered with card issuers like banks and different monetary establishments that do. So, you possibly can simply discover a Mastercard that caters to your wants, regardless if you’d like journey factors, money again, low curiosity or perks. Let’s have a look at the best-of-the-best that Mastercard has to supply.
| Mastercard bank card | Highlights | Particulars | Eligibility necessities |
|---|---|---|---|
| BMO CashBack World Elite Mastercard | Award: Greatest money again Mastercard
Greatest function: 5% money again on groceries and 4% again on transit |
Annual charge: $120
Rewards: 1% to five% money again Rates of interest: 20.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers |
Revenue: $80,000 (private) or $150,000 (family)
Credit score rating: 760 or larger |
| Tangerine Cash-Again Credit score Card |
Award: Greatest no-fee money again Mastercard
Greatest function: 2% money again in as much as 3 classes of your selection (together with groceries, fuel and eating) |
Annual charge: $0
Rewards: 0.5% to 2% money again Rates of interest: 20.95% on purchases, 22.95% on money advances, 22.95% on steadiness transfers |
Revenue: $12,000 (private or family)
Credit score rating: |
MBNA Rewards Platinum Plus Mastercard GO TO SITE* |
Award: Greatest journey rewards Mastercard
Greatest function: Earn journey rewards for no annual charge and obtain a pleasant birthday bonus perk yearly |
Annual charge: $0
Rewards: 1 to 2 MBNA Rewards factors per greenback Rates of interest: 19.99% on purchases, 24.99% on money advances, 22.99% on steadiness transfers |
Revenue: None specified
Credit score rating: |
| MBNA True Line Gold Mastercard |
Award: Greatest low-interest Mastercard
Greatest function: 10.99% buy rate of interest |
Annual charge: $39
Rewards: None Rates of interest: 10.99% on purchases, 24.99% on money advances, 13.99% on steadiness transfers |
Revenue: None specified
Credit score rating: 660 or larger |
| MBNA True Line Mastercard |
Award: Greatest steadiness switch bank card
Greatest function: 0% promotional rate of interest for 12 months |
Annual charge: $0
Rewards: None Rates of interest: 10.99% on purchases, 24.99% on money advances, 13.99% on steadiness transfers |
Revenue: None specified
Credit score rating: 660 or larger |
| PC Monetary World Elite Mastercard |
Award: Greatest retailer bank card
Greatest function: Highest charge of return at one of many largest retail networks within the nation |
Annual charge: $0
Rewards: 10 to 45 PC Optimum factors per greenback Rates of interest: 21.99% on purchases, 22.97% on money advances, 22.97% on steadiness transfers |
Revenue: $80,000 (private) or $150,000 (family)
Credit score rating: 560 or larger |
| Rogers Pink World Elite Mastercard |
Award: Greatest bank card for Costco
Greatest function: Your highest earn charge on the warehouse retailer |
Annual charge: $0
Rewards: 1% to three% money again Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers |
Revenue: $80,000 (private)
Credit score rating: 725 or larger |
How we choose one of the best Mastercard bank cards
MoneySense editors begin by arising with an inventory of the finest total bank cards in Canada. If the highest card in Canada for a given class is a Mastercard, we might select to incorporate it on this web page. And if our prime choose is a Visa or American Specific card, then we glance to the next-best card, and so forth, till we discover one of the best Mastercard bank card for every class on this checklist. Since every class is exclusive, we use totally different choice standards every time. The addition of hyperlinks from affiliate companions has no bearing on the outcomes. Learn extra about our choice course of and about how MoneySense makes cash.
Greatest money again Mastercard
At a look: The BMO CashBack World Elite Mastercard reserves its finest bonus charges for in style classes like groceries, transit and fuel. That mentioned, this isn’t a card for giant spenders. As a result of modest month-to-month spending caps, this card will work finest for individuals who want a stable earner on reasonable spending. Among the many perks is free roadside help—an uncommon profit.
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BMO CashBack World Elite
Annual charge: $120
Welcome supply: earn as much as 10% money again in your first 3 months and the $120 annual charge waived in your first anniversary
Card particulars
| Rates of interest | 20.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers |
| Revenue required | Private earnings of $80,000 or family earnings of $150,000 |
| Credit score rating | 760 or larger |
Professionals
- Excessive earn charge on main classes: Get the very best money again charge for groceries within the nation, together with accelerated charges in classes like fuel, transit and recurring payments.
- Free roadside help: This uncommon perk will come in useful must you want a tow, a battery increase or assist altering a flat.
- Straightforward redemptions: Get your money again everytime you need, with a minimal of $1 earned.
Cons
- Incomes caps: The boosted charges are restrictive for a premium card, capped on the first $300 or $500 spent month-to-month, relying on the class. With a card just like the Scotia Momentum Visa Infinite, for instance, your spending cap could be as excessive as the primary $25,000 yearly (greater than $2,000 per 30 days).
- Journey insurance coverage protection interval: You’ll solely be insured for as much as eight days.
- Excessive earnings requirement: This card could also be out of attain for a lot of Canadians.
Greatest no-fee money again Mastercard
At a look: Flexibility is the secret with the no-fee Tangerine Cash-Again Credit score Card. You may earn 2% money again in as much as three spending classes, chosen by you primarily based in your spending habits. And you may change your classes on-line.
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Tangerine Cash-Again Credit score Card
Annual charge: $0
Welcome supply: Earn an additional 10% money again in the course of the first two months (as much as $100 in money again). Should apply by October 31, 2024.
Card particulars
| Rates of interest | 20.95% on purchases, 22.95% on money advances and 22.95% on steadiness transfers |
| Revenue required | Private or family earnings of $12,000 |
| Credit score rating | 660 or larger |
Greatest journey rewards Mastercard
At a look: The MBNA Rewards Platinum Plus Mastercard will attraction to these on the lookout for a approach to earn factors that can be utilized for journey, with out having to pay an annual charge. Plus, the distinctive birthday bonus perk returns 10% of your annual earnings in factors.
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MBNA Rewards Platinum Plus Mastercard
Annual charge: $0
Welcome supply: earn 10,000 bonus factors ($50 in money again worth). Plus, get 4 factors per $1 spent on eligible restaurant, grocery, digital media, membership and family utility purchases in the course of the first 90 days. (Not obtainable for residents of Quebec.)
Card particulars
| Rates of interest | 19.99% on purchases, 24.99% on money advances, 22.99% on steadiness transfers |
| Revenue required | None specified |
| 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 want to pay down debt, the MBNA True Line Gold Mastercard has rather a lot to supply, like a modest $39 annual charge and one of many lowest rates of interest available on the market. There isn’t any annual earnings requirement, making it extraordinarily accessible.
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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 right now.
Card particulars
| Rates of interest | 24.99% on money advances, 13.99% on steadiness transfers |
| Revenue required | None specified |
| Credit score rating | 660 or larger |
Greatest steadiness switch bank card
At a look: If you happen to’re on the lookout for a approach to cut back the curiosity on current debt, the MBNA True Line Mastercard presents a 0% steadiness switch charge for a full 12 months. Even on the common steadiness switch rate of interest of 17.99%, this card saves you on curiosity prices. 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
Low rate of interest: 12.99%
Stability switch supply: earn a 0% promotional annual rate of interest (“AIR”) for 12 months on steadiness transfers accomplished inside 90 days of account opening, with a 3% switch charge. This supply just isn’t obtainable for residents of Quebec.
Card particulars
| Rates of interest | 24.99% on money advances, 17.99% on steadiness transfers |
| Revenue required | None specified |
| Credit score rating | 660 or larger |
Greatest retailer bank card
At a look: The no-fee PC Monetary World Elite Mastercard lets you rack up substantial factors within the ever-popular PC Optimum program. You’ll earn enormous level multipliers at Consumers Drug Mart, Canada’s largest pharmacy, and at PC-affiliated shops, which have hundreds of places throughout Canada.
PC Monetary World Elite Mastercard
Card particulars
| Rates of interest | 21.99% on purchases, 22.97% on money advances (21.97% for residents of Quebec), 22.97% on steadiness transfers |
| Revenue required | Private earnings of $80,000 or family earnings of $150,000 |
| Credit score rating | 560 or larger |
| Level worth | 10 PC factors = $0.01 at Loblaws grocery community and Consumers Drug Mart. |
Greatest bank card for Costco
At a look: Though CIBC presents a Costco-branded Mastercard, it’s really the Rogers Pink World Elite Mastercard with 1.5% flat money again that will get you one of the best earn charge on the warehouse big, each on-line and in-store. Rogers, Fido and Shaw clients earn an additional 0.5% again on all purchases. The potential for limitless money again and higher redemption flexibility is what offers this card an edge over the CIBC Costco Mastercard.
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Rogers Pink World Elite Mastercard
Annual charge: $0
Welcome supply: This card doesn’t have a welcome bonus right now.
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on steadiness transfers |
| Revenue required | $80,000 per 12 months |
| Credit score rating | 725 or larger |
Extra of Canada’s finest bank cards:
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