Best Credit Cards in Canada
|Credit card||Purchase interest rate||Balance transfer rate||Annual fee||Net reward (1st year)||Monthly interest fee||Monthly interest fee||Required deposit|
|16.25% + prime||$0||$||Get details|
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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.
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.
Some of MasterCard’s current credit card partnerships include:
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.
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.