Best Credit Cards in Canada

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Some credit cards come with an annual fee and some do not. The general rule for this is that the greater the rewards, the larger the annual fee. The annual fee is charged once per year and is added to your credit card statement. If you don't mind paying an annual fee, select I don't mind. If you'd prefer not to pay to use a credit card, select None. Some rewards credit cards have an annual income requirement. Enter either your personal or household annual income here, as it may affect which credit cards you are able to apply for.

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What type of rewards do you want to earn for every dollar you spend? Is cash back important to you? Would you prefer gift cards or store credit? What about free flights and hotels? Think about what's most important to you and what would help your budget the most, then look for the best cards to offer that reward. Do you have a preference of whether you want a Visa, MasterCard or American Express card? Select which network you'd prefer, or select "All" if you don't have a preference.
There are a number of lenders and companies that issue credit cards - and they aren't just financial institutions. If you would prefer to get a credit card from one specific credit card issuer, choose the one you want. Otherwise, select All banks. Most credit cards have a minimum credit score requirement. Select your credit score to filter your credit card results based on your credit score and which cards you are most likely to be approved for. If you aren’t sure what your credit score is, select “Not sure”, and your results will be filtered without taking your credit score in to account. There are many different credit card reward programs available. If you have a preferred reward program, such as Aeroplan Miles, select your choice using the dropdown. Note that each card only uses one reward program. Enter the dollar amount you spend each month on your credit card. Edit your monthly spend by each spending category in the 'monthly spending by category' tab below.

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Some credit cards come with an annual fee and some do not. The general rule for this is that the greater the rewards, the larger the annual fee. The annual fee is charged once per year and is added to your credit card statement. If you don't mind paying an annual fee, select I don't mind. If you'd prefer not to pay to use a credit card, select None. Some rewards credit cards have an annual income requirement. Enter either your personal or household annual income here, as it may affect which credit cards you are able to apply for.

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Do you carry a balance on your credit card each month? This isn't how much you spend on your card, but how much you typically carry over into a new month. If so, write that amount here, so we can calculate how much interest you'll be charged.

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There are a number of lenders and companies that issue credit cards - and they aren't just financial institutions. If you would prefer to get a credit card from one specific credit card issuer, choose the one you want. Otherwise, select All banks. Most credit cards have a minimum credit score requirement. Select your credit score to filter your credit card results based on your credit score and which cards you are most likely to be approved for. If you aren’t sure what your credit score is, select “Not sure”, and your results will be filtered without taking your credit score in to account. Do you have a preference of whether you want a Visa, MasterCard or American Express card? Select which network you'd prefer, or select "All" if you don't have a preference.
Some credit cards come with an annual fee and some do not. The general rule for this is that the greater the rewards, the larger the annual fee. The annual fee is charged once per year and is added to your credit card statement. If you don't mind paying an annual fee, select I don't mind. If you'd prefer not to pay to use a credit card, select None. Some rewards credit cards have an annual income requirement. Enter either your personal or household annual income here, as it may affect which credit cards you are able to apply for.

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Do you have a preference of whether you want a Visa, MasterCard or American Express card? Select which network you'd prefer, or select "All" if you don't have a preference.
There are a number of lenders and companies that issue credit cards - and they aren't just financial institutions. If you would prefer to get a credit card from one specific credit card issuer, choose the one you want. Otherwise, select All banks. Most credit cards have a minimum credit score requirement. Select your credit score to filter your credit card results based on your credit score and which cards you are most likely to be approved for. If you aren’t sure what your credit score is, select “Not sure”, and your results will be filtered without taking your credit score in to account. If you are currently carrying a balance on another credit card, you may want to take advantage of a balance transfer promotional offer with one of the credit cards listed below. Enter the amount you would transfer to the new card, to find out what the promotional interest rate and period are.

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Some credit cards come with an annual fee and some do not. The general rule for this is that the greater the rewards, the larger the annual fee. The annual fee is charged once per year and is added to your credit card statement. If you don't mind paying an annual fee, select I don't mind. If you'd prefer not to pay to use a credit card, select None. Do you have a preference of whether you want a Visa, MasterCard or American Express card? Select which network you'd prefer, or select "All" if you don't have a preference.
There are a number of lenders and companies that issue credit cards - and they aren't just financial institutions. If you would prefer to get a credit card from one specific credit card issuer, choose the one you want. Otherwise, select All banks. Most credit cards have a minimum credit score requirement. Select your credit score to filter your credit card results based on your credit score and which cards you are most likely to be approved for. If you aren’t sure what your credit score is, select “Not sure”, and your results will be filtered without taking your credit score in to account.
Monthly spending by category
Monthly spending by category

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Credit card Purchase interest rate Balance transfer rate Annual fee Net reward (1st year) Monthly interest fee Monthly interest fee Required deposit Min. required income
19.99%
Cash advance 22.99%
$ 0 $0.00 $325 Get details
19.99%
Cash advance 22.99%
$ 120 $80,000.00 $432 Get details
30% $ 250 $0.00 $180 Get details
19.99%
Cash advance 24.99%
$ 0 $0.00 $190 Get details
19.99%
Cash advance 22.99%
$ 125 $60,000.00 $145 Get details
19.99%
Cash advance 22.99%
$ 120 $80,000.00 $ Get details
19.99%
Cash advance 21.50%
$ 0 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $15,000.00 $180 Get details
30% $ 150 $0.00 $532 Get details
19.99%
Cash advance 22.99%
$ 120 $0.00 $ Get details
19.99%
Cash advance 21.99%
$ 0 $15,000.00 $175 Get details
19.99%
Cash advance 21.99%
$ 65 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $161 Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $ Get details
19.99%
Cash advance 21.99%
$ 42 $0.00 $ Get details
19.99%
Cash advance 24.99%
$ 0 $0.00 $90 Get details
19.99%
Cash advance 22.99%
$ 99 $60,000.00 $101 Get details
19.99%
Cash advance 21.99%
$ 39 $0.00 $249 Get details
19.99%
Cash advance 21.99%
$ 39 $0.00 $191 Get details
19.99%
Cash advance 22.99%
$ 0 $12,000.00 $402 Get details
19.99%
Cash advance 21.99%
$ 120 $60,000.00 $412 Get details
19.99%
Cash advance 22.99%
$ 120 $60,000.00 $470 Get details
19.99%
Cash advance 22.99%
$ 89 $12,000.00 $201 Get details
19.99%
Cash advance 22.99%
$ 120 $60,000.00 $582 Get details
19.99%
Cash advance 22.99%
$ 120 $60,000.00 $435 Get details
19.99%
Cash advance 22.99%
$ 150 $80,000.00 $370 Get details
19.99%
Cash advance 21.99%
$ 0 $12,000.00 $152 Get details
19.99%
Cash advance 22.99%
$ 99 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 399 $12,000.00 $0 Get details
19.9%
Cash advance 19.99%
$ 0 $0.00 $ Get details
19.5%
Cash advance 21.99%
$ 99 $60,000.00 $ Get details
19.99%
Cash advance 22.99%
$ 65 $0.00 $357 Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $405 Get details
19.99%
Cash advance 24.99%
$ 39 $60,000.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $15,000.00 $169 Get details
19.5%
Cash advance 21.99%
$ 99 $60,000.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $ Get details
30% $ 180 $0.00 $-35 Get details
19.99%
Cash advance 22.99%
$ 120 $0.00 $727 Get details
19.99%
Cash advance 22.99%
$ 89 $0.00 $246 Get details
14.99%
Cash advance 22.99%
$ 120 $0.00 $ Get details
19.5%
Cash advance 21.99%
$ 49 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $127 Get details
19.9%
Cash advance 19.99%
$ 130 $80,000.00 $140 Get details
19.99%
Cash advance 22.99%
$ 99 $60,000.00 $ Get details
30% $ 699 $40,000.00 $26 Get details
30% $ 499 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 30 $0.00 $231 Get details
19.99%
Cash advance 22.99%
$ 0 $15,000.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $ Get details
19.99%
Cash advance 21.99%
$ 119 $80,000.00 $421 Get details
19.99%
Cash advance 22.99%
$ 139 $60,000.00 $ Get details
19.95%
Cash advance 19.95%
$ 0 $12,000.00 $243 Get details
19.99%
Cash advance 22.99%
$ 99 $60,000.00 $510 Get details
19.99%
Cash advance 22.99%
$ 99 $0.00 $441 Get details
19.89%
Cash advance 21.49%
$ 0 $0.00 $195 Get details
19.99%
Cash advance 22.99%
$ 399 $200,000.00 $190 Get details
19.99%
Cash advance 21.99%
$ 110 $0.00 $ Get details
19.9%
Cash advance 19.90%
$ 0 $0.00 $25 Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $90 Get details
19.99%
Cash advance 22.99%
$ 110 $12,000.00 $120 Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $ Get details
19.99%
Cash advance 21.99%
$ 130 $60,000.00 $297 Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $108 Get details
19.9%
Cash advance 19.90%
$ 30 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 120 $60,000.00 $262 Get details
19.5%
Cash advance 21.99%
$ 65 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 150 $80,000.00 $617 Get details
19.99%
Cash advance 22.99%
$ 0 $12,000.00 $299 Get details
19.9%
Cash advance 19.90%
$ 110 $0.00 $ Get details
19.99%
Cash advance 19.99%
$ 0 $0.00 $ Get details
19.5%
Cash advance 21.99%
$ 0 $0.00 $ Get details
19.99%
Cash advance 24.99%
$ 0 $0.00 $270 Get details
19.5%
Cash advance 21.99%
$ 49 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $15,000.00 $108 Get details
19.99%
Cash advance 21.99%
$ 39 $12,000.00 $266 Get details
19.99%
Cash advance 22.99%
$ 99 $12,000.00 $915 Get details
19.99%
Cash advance 22.99%
$ 120 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 0 $15,000.00 $ Get details
19.8%
Cash advance 19.80%
$ 75 $0.00 $115 Get details
19.99%
Cash advance 22.99%
$ 0 $0.00 $ Get details
19.99%
Cash advance 22.99%
$ 79 $60,000.00 $ Get details
For a limited time, you will receive a promotional offer from Ratehub.ca if your application is approved. Terms and conditions apply. Click here for details.
+ prime
Cash advance
after months
Cash advance
 thereafter
after months
Get more details

MasterCard credit cards overview

MasterCard is the second largest of the three major credit card companies in Canada, in terms of how many credit cards it offers and how many transactions are made on those cards. Unlike American Express, MasterCard doesn’t issue credit cards on its site, nor does it offer any credit cards that are solely under the MasterCard name. Instead, your MasterCard will be issued by a bank, credit union or retailer, meaning you’ll see the issuer’s logo + the MasterCard logo on your card.

With that being said, MasterCard does divide its credit card products under three categories: Standard MasterCard, World MasterCard and World Elite MasterCard.

  • A Standard MasterCard can be any credit card, from a basic no-fee credit card (e.g. the BMO Preferred Rate MasterCard) to a rewards credit card (RBC Shoppers Optimum MasterCard) or a cash back credit card (RBC Cash Back MasterCard). The cards are meant to help you make purchases, build credit and potentially earn some rewards in the process.
  • A World MasterCard, on the other hand, is always going to be a rewards credit card. The most popular World MasterCard in Canada is the Capital One Travel World MasterCard, but there are also cash back cards, points cards, and other flight and hotel rewards cards. If you use your credit card responsibly and pay off the balance each month, you could earn greater rewards through a World MasterCard than with a Standard MasterCard.
  • Finally, any World Elite MasterCard is at the top tier of MasterCard’s reward credit cards. There are currently only 4 World Elite MasterCard’s in Canada, offered by BMO, CIBC, RBC and MBNA. The rewards range from cash back to travel rewards, but the cards may also include additional perks, such as companion flights, travel credits and complimentary services on trips.

World Elite program

The World Elite MasterCard program offers a wide range of benefits to enhance the user experience. But the selection of features will vary by individual card and issuers. Therefore, it’s important to compare different World Elite MasterCards prior to choosing the one that’s best for you.

First, a World Elite MasterCard may include both personal assistance and personal protection benefits. This includes concierge services and zero liability protection. Any time you need assistance, whether it’s booking a reservation or buying and delivering gifts, you can rely on the exclusive concierge services provided by the World Elite program. With these personal protection benefits, you won’t be held liable for any unauthorized purchases made with your credit card. Be sure to review the terms and conditions for more details regarding your protection.

Your World Elite MasterCard may also include shopping protection, including extended warranty insurance, price protection insurance, Maestro, and purchase assurance. Your protection does not stop here, the World Elite program also tends to offer top-of-the-line travel insurance. Benefits may include travel medical insurance, delayed baggage insurance, car rental collision damage waiver insurance, hotel/motel burglary insurance, lost baggage insurance, travel accident insurance, and trip cancellation insurance. This added protection is sure to decrease your worries while you’re travelling.

An additional travel perk is travel assistance that’ll provide you with airport lounge access and MasterCard global service. This will increase your comfort while travelling and ensure you’re able to get emergency assistance virtually anytime, anywhere, and in any language.

Finally, if you have a World Elite MasterCard you’ll enjoy a series of special offers provided by the program. You should take advantage of preferred access to a selection of valuable offers, upgrades, and experiences provided by special offers. Review what’s available to you and reap the rewards.


MasterCard credit card partnerships

Some of MasterCard’s current credit card partnerships include:

  • AIR MILES: BMO + MasterCard offer 5 personal AIR MILES credit cards together: the BMO AIR MILES MasterCard, BMO SPC AIR MILES MasterCard (for students), Shell AIR MILES MasterCard from BMO, the Shell AIR MILES World MasterCard from BMO, and the BMO AIR MILES WorldElite MasterCard. The first three have no annual fee, while the latter two have $99 and $120 annual fees respectively and earns reward faster.
  • Canadian Tire: Canadian Tire offers 3 no fee MasterCards: the Triangle MasterCard, Triangle World MasterCard and the Triange World Elite MasterCard.
  • Costco: As of Fall 2014, Capital One + MasterCard are the official partners on Costco’s new credit card. Up until then, Costco had been partnered with American Express.
  • Gas retailers: Both Petro Canada and Shell offer MasterCards that combine their individual loyalty programs with the credit cards.
  • Harley Davidson: The Harley Davidson MasterCard comes with a $25 Harley Chrome Cash certificate and lets you earn 1 Harley Davidson Genuine Rewards point for every $2 you spend on your card.
  • Hudson’s Bay Company: The Hudson’s Bay MasterCard lets you earn double the Hudson’s Bay Rewards points on almost every $1 spent at the Hudson’s Bay and partner stores.
  • IHG: The Capital One IHG Rewards Club World MasterCard comes with a welcome bonus of 60,000 IHG Rewards Club points, gives you Platinum Elite status, and lets you earn 5 points for every $1 spent at any IHG hotel or 2 points for every $1 spent anywhere else.
  • Save-On-More: The MBNA More Rewards MasterCard comes with 25,000 Save-On-More points and helps you earn 4 points for every $1 spent in Save-On-Food stores. Points can be redeemed for gift cards, merchandise, travel and more.
  • PC Optimum: The newly-merged PC Optimum program offers 3 no fee credit cards: the PC Financial Mastercard that lets you earn 15 points for every $1 spent at Shoppers Drug Mart, 10 points per $1 spent anywhere else and 20 points per litre at Esso; the PC Financial World Mastercard that offers 30 points per dollar at Shoppers Drug Mart, 20 points at eligible locations where President's Choice products are sold and 10 points per dollar on all other purchases; and the premium PC Financial World Elite that offers 45 points per dollar at Shoppers Drug Mart, 30 points at eligible PC locations and 10 points on all other purchases.
  • Sobeys: The No Fee BMO Sobeys MasterCard comes with $20 of free groceries and helps you earn Sobeys Points 2x faster, by giving you 2 points per $1 spent in Sobeys and 1 point per $1 spent anywhere else.
  • Sony: The MBNA SonyCard MasterCard comes with 2,000 Sony Points after your first purchase, and lets you earn double the points on purchases made at Sony stores plus points on all eligible purchases elsewhere.
  • Walmart: The Walmart Rewards MasterCard comes with a welcome bonus of up to $25 Walmart Rewards Dollards, which can be used in stores, and lets you earn 1.25% of your purchase in Walmart Rewards when you shop at Walmart and 1.00% when you shop anywhere else.
  • WestJet: RBC + WestJet partnered with MasterCard to offer two rewards credit cards for their frequent flyers. The WestJet RBC MasterCard is the more basic of the two, as it comes with a lower annual fee and a smaller welcome bonus. The WestJet RBC World Elite MasterCard, however, has a higher annual fee but also comes with one $99 companion flight per year.
  • Target (Now Discontinued): The Target RBC MasterCard helps you save 5% on all purchases at Target stores in Canada, as well as earn additional rewards toward Target gift cards. It has no annual fee and extended warranty on electronics.
  • Sears (Now Discontinued): Sears offers 3 MasterCards: the Sears Card (earn Sears Club Points when you shop at Sears), Sears Financial MasterCard (earn Sears Club Points when you shop anywhere) and Sears Financial Voyage MasterCard (earn 3x Sears Club Points when you shop anywhere).
  • Delta SkyMiles (Now Discontinued): The Capital One Delta SkyMiles World MasterCard came with a welcome bonus of 25,000 Delta SkyMiles, and gave cardholders priority boarding and 2-3 miles for every $1 that was spent on the card.

Remember that all of these credit cards will be issued by a bank, credit union or retailer – not by MasterCard itself. As well, some of these credit cards may help you earn points specific to a bank’s own branded rewards program, of which there are too many to list here.


More on MasterCard

Headquartered in O’Fallon, Missouri, MasterCard is the second largest credit card company in the world. Infamous for its catchphrase, “For everything else, there’s MasterCard,” the company held 26.9% of the market share of purchase transactions made worldwide in 2013. MasterCard operates in more than 210 countries, and is known for both its credit card and prepaid card products.


Other Credit Card Networks