Best MasterCard Credit Cards in Canada

Charlotte Sinclair
by Charlotte Sinclair September 18, 2016 / No Comments

MasterCard is the second most popular credit card in Canada. There are three types of MasterCard credit cards to choose from: World Elite, World, and standard cards.

In our opinion, these are the best credit card options from MasterCard:

BMO World Elite MasterCard

BMO World Elite MasterCard

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  • $150 annual fee
  • Earn two points per $1 spent
  • Receive a welcome bonus of 30,000 points (a $300 value)

The BMO World Elite MasterCard is an excellent travel rewards credit card. You’ll earn two points for every $1 you spend on all purchases. You’ll also receive a welcome bonus of 30,000 (a $300 value) once you’ve been approved for the card. You can redeem the points you earn for travel expenses including flights, hotels, cruises, and vacation packages. And points can be used to pay for any applicable taxes. Since this is a World Elite card, it comes with excellent travel insurance coverage.

Tangerine Money-Back MasterCard

Tangerine Money-Back Credit Card

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  • No annual fee
  • Earn 4% cash back in your chosen spending categories for the first three months
  • Earn 2% cash back in your selected categories thereafter and 1% on all other purchases

If you’re looking for a cash-back card with no annual fee, the Tangerine Money-Back MasterCard might just be the perfect card. For a limited time, you’ll receive 4% cash back in the spending categories of your choice (for example, grocery, drug stores, entertainment, etc.). Once the first three months are over, you’ll earn 2% cash back in your selected categories (there are 10 to choose from). You’ll also earn 1% on all other purchases. This is an excellent cash-back card because there’s no annual fee and you can earn 2% cash back in up to three spending categories.

MBNA Rewards World Elite MasterCard

MBNA Rewards World Elite

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  • $89 annual fee (waived for the first year on account)
  • Earn two points for every $1 spent on all purchases
  • Receive 10,000 bonus points (a $100 value) after your first purchase

If you can decide between a travel rewards card and a cash-back credit card, MBNA has a solution. The MBNA Rewards World Elite MasterCard allows you to redeem your points for travel expenses, cash back, merchandise, or gift cards. You’ll earn points at a rate of two points per $1 spent on the card. There’s no restriction on the number of points you can earn and your points don’t expire as long as you keep your account open. This card has a relatively low annual fee of $89 and it also comes with travel insurance.

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Flickr: Perspecsys Photos