Bank card comparability software
Evaluate your Mastercard choices with our interactive software and filter bank cards primarily based on rewards worth, annual charges, earnings necessities and extra.
The perfect Mastercard playing cards by class
Mastercard is likely one of the most generally accepted bank card firms on the earth—you should utilize it in additional than 200 international locations, making it a good selection for travellers. Plus, Mastercard’s standing as the one bank card you should utilize at Costco shops make it a robust alternative for on a regular basis spending. No matter you want in a bank card—whether or not it’s alternatives to earn money or rewards, to journey, to benefit from low rates of interest, or to achieve entry to premium perks—there’s a Mastercard for you on this listing.
Finest money again Mastercard
At a look: The BMO CashBack World Elite Mastercard reserves its finest bonus charges for fashionable classes like groceries, transit and gasoline. That mentioned, this isn’t a card for giant spenders. Because of the modest month-to-month spending caps, this card will work finest for many who want a strong earner on reasonable spends. Among the many perks is free roadside help—an uncommon profit.
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BMO CashBack World Elite
Annual charge: $120
Welcome provide: 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 |
| Earnings required | Private earnings of $80,000 or family earnings of $150,000 |
| Credit score rating | 760 or larger |
Execs
- This card gives accelerated earnings in lots of money again classes together with two of the most important: gasoline and groceries. The 5% money again charge for groceries is the best within the nation.
- Comes with free roadside help, which is able to turn out to be useful do you have to want a tow, a battery enhance or assist altering a flat.
- You possibly can redeem your money again everytime you need, with a minimal of $1 earned.
Cons
- The boosted earn charges are capped on the first $300 or $500 spent month-to-month, relying on the class. That is fairly restrictive for a premium card. With a card just like the Scotia Momentum Visa Infinite Card, for instance, your spending cap could be as excessive as the primary $25,000 yearly (greater than $2,000 per thirty days).
- The journey insurance coverage solely gives protection for as much as eight days.
- The annual earnings requirement of $80,000 per 12 months for people and $150,000 for households could put it out of attain for a lot of Canadians.
Finest no-fee money again Mastercard
At a look: Flexibility is the secret with the no-fee Tangerine Cash-Again Mastercard. You possibly can 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.
Tangerine Cash-Again Card
Annual charge: $0
Welcome provide: earn an additional 10% again on as much as $1,000 in on a regular basis purchases inside the first 2 months. Should apply by October 31, 2024.
Card particulars
| Rates of interest | 19.95% on purchases, 19.95% on money advances and 19.95% on steadiness transfers |
| Earnings required | Private or family earnings of $12,000 |
| Credit score rating | 660 or larger |
Execs
- The two% bonus charge is aggressive for a no-fee card. Plus, there aren’t any spending caps on bonus classes that means that you simply’ll all the time earn 2% irrespective of how a lot you spend.
- That is the one card in Canada that permits you to select your personal bonus classes. You possibly can select as much as three classes out of 10 choices and customise the cardboard to your spending habits. Even higher, you’re not locked in. You possibly can change your alternatives on-line with 90 days’ discover.
- With a $12,000 annual earnings requirement, this card could be very accessible.
- If in case you have an annual earnings of $60,000, it’s possible you’ll be thought-about for the Tangerine World Mastercard which comes with extra advantages like cell machine insurance coverage, free Boingo Wi-Fi, and Mastercard Journey Move Supplied By DragonPass, all for no cost.
- Your earnings are robotically paid month-to-month.
Cons
- Doesn’t embrace journey insurance coverage.
- The bottom earn charge of 0.5% is on the low finish for money again playing cards.
- Whereas a minor inconvenience, to entry the third bonus class you must open a Tangerine financial savings account.
Finest 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 provide: 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 through the first 90 days. (Not accessible for residents of Quebec.)
Card particulars
| Rates of interest | 19.99% on purchases, 24.99% on money advances, 22.99% on steadiness transfers |
| Earnings required | None specified |
| 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 good to pay down debt, the MBNA True Line Gold Mastercard has so much to supply, like a modest $39 annual charge and one of many lowest rates of interest in the marketplace. There is no such thing as a 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 provide: This card doesn’t have a welcome provide right now.
Card particulars
| Rates of interest | 24.99% on money advances, 13.99% on steadiness transfers |
| Earnings required | None specified |
| Credit score rating | 660 or larger |
Finest steadiness switch bank card
At a look: If you happen to’re on the lookout for a approach to scale back the curiosity on current debt, the MBNA True Line Mastercard gives a 0% steadiness switch charge for a full 12 months. Even on the common steadiness switch rate of interest of 17.99%, this card is saving 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
Low rate of interest: 12.99%
Stability switch provide: 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 provide is just not accessible for residents of Quebec.
Card particulars
| Rates of interest | 24.99% on money advances, 17.99% on steadiness transfers |
| Earnings required | None specified |
| Credit score rating | 660 or larger |
Finest 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 large factors multipliers at Canada’s largest pharmacy, Customers Drug Mart, and at PC-affiliated shops, of which there are literally thousands 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 |
| Earnings 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 Customers Drug Mart. |
Finest bank card for Costco
At a look: Though CIBC gives a Costco-branded Mastercard, it’s really the Rogers Pink World Elite Mastercard with 1.5% flat money again that will get you the most effective earn charge on the warehouse large, 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 larger 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 provide: 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 |
| Earnings required | $80,000 per 12 months |
| Credit score rating | 725 or larger |
Execs
- Once you use this card you get 1.5% money again on every part you purchase—or 2%, when you’re a Rogers, Fido or Shaw buyer—netting you no less than 0.5% greater than you’ll with the CIBC Costco Mastercard if you store in individual.
- You possibly can redeem your rewards if you need, so long as you’ve $10 in earnings.
- The three% earn charge on purchases in U.S. {dollars} is sufficient to cowl the overseas transaction charge, which is usually round 2.5%.
- Sturdy journey insurance coverage advantages are included, which is uncommon for a no-fee card.
Cons
- To qualify, you’ll want a private earnings of $80,000 or a family earnings of $150,000.
- You’ll must spend no less than $15,000 on the cardboard yearly. If you happen to don’t, it’s possible you’ll be downgraded to a different card.
How we decide the most effective playing cards
Our editors apply their bank card experience and data of Canadians’ monetary objectives to give you choice standards that matches the wants of the supposed cardholder. For this rating, we began with our listing of the finest bank cards in Canada. If the most effective card on that listing is a Mastercard, then it seems right here as properly. And if the most effective card is a Visa or American Categorical card, then we glance to the next-best card, and so forth, till we discover our greatest Mastercard for the class. Since there’s a Mastercard possibility for each kind of bank card in Canada (together with journey, no-fee, money again, steadiness switch, and many others.) we have now to make use of completely different choice standards for every class. 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.