Best Mastercard Credit Cards in Canada for 2024

 

Mastercard is the second-largest financial services corporation in the world and seamlessly processes transactions between merchants and card issuers. Mastercard credit cards are accepted worldwide, and their robust security, reliability, and various benefits make them an excellent tool to reach your financial goals.

But what exactly is a Mastercard credit card, and what sets it apart from other types of credit cards? This article covers everything you need to know about this multi-functional credit card, including:

  •       Mastercard Benefits, features and perks.
  •       The Types Of Mastercards and How To Choose One.
  •       Best Mastercard Credit cards in Canada
  •       The Masterpass.
  •       How to use a Mastercard effectively.
  •       How to Apply for a Mastercard
  •       Where to get a Mastercard in Canada.
  •       Frequently asked questions.

 

The Benefits And Perks Of Using Mastercard Credit Cards

Several benefits come with using a Mastercard credit card. The most well-known benefit is Mastercard’s universal acceptance. You can use your Mastercard in more than 210 countries. You can rest easy knowing that your Mastercard will be accepted wherever you go. With that knowledge, let’s examine some of the benefits you can rack up by using your card:

Cashback on purchases. Depending on your card type, you can get a percentage of the money you spend on certain activities back.

Travel rewards. You can earn travel rewards like airline miles or hotel points by using your Mastercard. Travel rewards include access to exclusive events and access to personal travel advisors.

Priceless Cities. Priceless Cities fall under the travel rewards section. This Mastercard feature offers exclusive access to events that range from dining to sports events. The website www.priceless.com displays travel options for Mastercard holders that include private tours, photo safaris, and special lakeside breakfasts to name a few. While you do need to pay for these events, they are available only to Mastercard holders. This makes Mastercard a great option for the seasoned traveller to experience their favourite cities in a new way.

Travel insurance. Yet another travel perk, depending on your Mastercard, you can get full insurance coverage for things like trip cancellation, trip interruption, and lost or stolen baggage. Travel insurance can give you peace of mind when you're travelling. If something goes wrong, you'll have coverage to help you manage the situation.

Robust security. Mastercard has an advanced security system that does the following:

  •       Fraud monitoring: This actively monitors your account for suspicious activity and alerts you when something seems off.
  •       Zero liability for unauthorized purchases: This means if your card is used without your permission, you will not be held responsible for those charges.
  •       Secure Online Shopping: All Mastercard Credit Cards come with secure online shopping features, such as secure encryption and unique passwords.

Beyond these perks, Mastercard offers a digital wallet service called Masterpass.   

Masterpass allows you to store your card information online, making it easier to shop online or in apps. This allows you to shop without having to enter your card information each time, making online shopping much more convenient and saving you time. The same security procedures that protect that Mastercard Credit Card protect the Masterpass, so you can be sure your funds are safe.


Types of Mastercard Credit Cards

Mastercard offers a variety of credit cards to suit different needs and lifestyles. These can range from basic, no-frills cards to premium cards packed with perks. Below are the categories of Mastercard Options.

StandardMastercard. These are perfect for everyday use and offer all the basic benefits such as fraud protection, secure online, shopping and cash-back rewards. Their standard annual interest rate is 21.9% on purchases and balance transfers, and they are typically easy to apply for and get approval on.

Gold Mastercards. These offer a massive step up in terms of rewards and benefits, including higher cash-back rates, travel insurance, and even concierge services. These are great for frequent travellers.

Platinum Mastercards. These offer even more premium benefits and come with access to exclusive events, personal travel advisors, and travel upgrades. A few of the Premium Mastercards on offer include:

  •       World Mastercard.This Premium Card offers a host of luxury benefits, including travel upgrades and event access. Whether you're travelling for business or pleasure, a Mastercard World card can make your journey more comfortable and enjoyable.

  •       World Elite Mastercard.This Premium Card offers the highest level of service and perks. These include complimentary room upgrades at hotels and even more exclusive events and experiences.

 

National Bank Syncro Mastercard
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Annual Fee: $35
Purchases Interest Rate: Not Available
Cash Advance Interest Rate: Not Available
Min Income Requirement: Not Available
Why Apply:
Recommended Credit Score:
670 900
Average to Excellent
Apply Nowlock On National Bank 's Secure Website

National Bank Syncro Mastercard Review 


Overview

The Syncro Mastercard’s main advantage is reduced interest rates. Cardholders can take advantage of significantly lower costs of financing. There is an annual fee of $35 to use this credit card. Learn more below.

Key Features and Benefits

  • Annual fee of $35 and variable interest rates
  • Purchase protection, fraud protection and extended warranty coverage included
  • Access to Mastercard Priceless Cities, a special travel experience program


Pros

  • The interest rate is the prime rate plus 4% for purchases, currently sitting at 10.95% which is much lower than industry standards
  • Insurance protection
  • National Bank is rated as one of the best banks for customer service support


Cons

  • No rewards
  • Balance transfers and cash advances have a interest rate of 4% plus prime, currently sitting at 14.95% but still competitive compare to other credit cards.


Takeaway

The main benefit of the Syncro Mastercard is the reduced interest rates on purchases, cash advances and balance transfers which can help you save significantly compared to standard credit cards at 19.99% or 20.99% for purchase interest rate. The card is an excellent option for people who carry a balance each month on their credit cards. There aren’t any other perks that come with this credit card. If you’d prefer access to some kind of rewards program, consider another credit card.


Legal notes :

® SYNCRO is a registered trademark of National Bank.

®Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank

National Bank World Elite Mastercard®
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Annual Fee: $150
Purchases Interest Rate: Not Available
Cash Advance Interest Rate: Not Available
Min Income Requirement: Not Available
Why Apply:
Recommended Credit Score:
670 900
Average to Excellent
Apply Nowlock On National Bank 's Secure Website

Overview

National Bank’s most exclusive credit card is the World Elite Mastercard. Cardholders can take advantage of exclusive travel perks and earn points under the À la carte Rewards Plan at an accelerated rate. Check out the other benefits below.

Key Features and Benefits
  • Annual fee of $150 and standard interest rates
  • Earn points towards the À la carte Rewards Plan while you spend
  • Earn 1.5 points per dollar spent on net purchases up to $40,000, earn 2 points per dollar spent on net purchases between $40,001 and $80,000, and earn 1.5 points per dollar spent over $80,001 in a year
  • Eligibility for a travel expense refund
  • Unlimited access to National Bank Lounge at the Montreal-Trudeau Airport for you and a guest
  • Minimum annual income of $80,000 for an individual or $150,000 for a household, OR have a minimum of $400,000 in assets, OR be an existing client that spends at least $25,000 per year
  • Extended warranty and comprehensive travel insurance coverage included
Pros
  • Access to a special travel agency and a dedicated online store under the À la carte Rewards Plan
  • Redeem points for merchandise, gift cards, vacation packages, plane tickets, travel experiences, À la carte Extras, or credit card statement credits
  • National Bank is rated as one of the best banks for customer service support
Cons
  • Tiered points earning system under the À la carte Rewards Plan
  • Minimum annual incomes, expenditures, or savings are required to apply for this credit card
  • Minimum credit limit of $5,000

Takeaway
The World Elite Mastercard is the most luxury credit card National Bank has to offer. There are tons of exclusive benefits that come with the card, but not everyone spends enough to take advantage of the perks or is willing to pay the annual fee. If you’re more concerned with affordability, consider other National Bank credit cards.

®Mastercard, and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Authorized user: National Bank

President's Choice Financial  Mastercard
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Annual Fee: $0
Purchases Interest Rate: Not Available
Cash Advance Interest Rate: Not Available
Min Income Requirement: Not Available
Why Apply:
  • Easy application
  • Decent return
  • Transparent reward system
  • Free additional cards
  • Purchase benefits
Recommended Credit Score:
670 900
Average to Excellent

0.97% Promotional balance transfers for 6 months


The President's Choice Financial MasterCard is a basic no-fee credit card that is ideal for families and individuals who frequent stores where President's Choice products are sold, including Joe Fresh, Loblaws, Real Canadian Superstore, and more. It's a good way to get the most out of your weekly grocery run but may not be the best choice if you want to carry a balance or use your rewards for cash back or travel.

Easy application -With no annual fee and no minimum income requirement, this credit card appeals to young families.
  • Decent return - For a no-fee card, it gives you a good return when you shop at affiliated stores.
  • Transparent reward system -?The no-nonsense reward system makes it easy for you to calculate your potential rewards.
  • Free additional cards - Get up to four free additional cards that you can link to your account to help boost your points.
  • Purchase benefits - This credit card gives free purchase assurance in the first 90 days and doubles the manufacturer?s regular warranty for up to an additional year

Overall, the PC Financial Mastercard is a phenomenal choice! Not only does the card have no annual fee, card holders also benefit from easy to obtain PC points. Points can be earned when running your errands, such as filling up on gas and buying groceries. When you want to redeem them, you can go to eligible locations and get your food or other necessities for free!

 

All of the other fees, such as interest, over limit and returned payment fees, are fairly standard when compared to the industry benchmarks. However, most of these fees can be avoided so long as you manage the credit card responsibly by making payments on time and in full. Lastly, this card does not have any limitations or requirements aside from a routine credit check when you apply.

 

Another benefit to using this credit card is working with PC Financial. Unlike other traditional banks, PC Financial doesn't offer all the fancy services and gimmicks. Although, that means that your fees will naturally be lower since the bank doesn?t pay for things like physical branches and tons of employee?s salaries. Yet another thing to save on!

 

In conclusion, this credit card is affordable when compared to industry standards, rewards can be earned and redeemed on necessary purchases like food and gas, and it is accessible to essentially every Canadian. Let?s give it up for PC Financial's Mastercard!

President's Choice Financial Mastercard is a great credit card for those who like to earn and redeem Optimum points at all the partners locations.The President's Choice Financial MasterCard is a basic no-fee credit card that is ideal for families and individuals who frequent stores where President's Choice products are sold, including Joe Fresh, Loblaws, Real Canadian Superstore, and more. It's a good way to get the most out of your weekly grocery run but may not be the best choice if you want to carry a balance or use your rewards for cash back or travel.


How to apply for a PC Mastercard

If you are considering obtaining a PC Financial Mastercard, there are certain conditions that you must meet to be approved. To begin, you must be of the legal age of majority in your province or territory and a Canadian resident.

In addition to this, you need to have a good credit score, as this is a requirement for the PC World Mastercard and PC World Elite Mastercard.

If your credit score is not up to par, you can look into credit cards for bad credit. Lastly, if you are looking to get the two more advanced versions of the card, you must meet the minimum income requirements. Applying for credit cards can affect your credit score, so if you do not meet these standards, you should wait before applying.

The President's Choice Financial Mastercard has 2 close cousins worth reading about:

 PC Financial World MasterCard

 PC Financial World Elite MasterCard

Our experts have compiled a list of the best cards in Canada in each major category, from cash back and low rate to balance transfers and more. Explore our top picks and find the best credit card for you.

Best Credit Cards in Canada
 

PC World Elite Mastercard
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Details
Annual Fee: $0
Purchases Interest Rate: Not Available
Cash Advance Interest Rate: Not Available
Min Income Requirement: Not Available
Why Apply:
  • Easy application
  • Decent return
  • Transparent reward system
  • Free additional cards
  • Purchase benefits
Recommended Credit Score:
670 900
Average to Excellent
Apply Nowlock On PC Financial's Secure Website

At no annual fee, the President?s Choice Financial World Elite MasterCard lets you get the fastest points towards free groceries. It also comes with other great offers ? a travel emergency medical insurance of up to 10 days and car rental collision or loss damage waiver insurance. With these added benefits at zero yearly cost, we consider this the best credit card for travel insurance coverage.

Easy application -With no annual fee and no minimum income requirement, this credit card appeals to young families.
  • Decent return - For a no-fee card, it gives you a good return when you shop at affiliated stores.
  • Transparent reward system - The no-nonsense reward system makes it easy for you to calculate your potential rewards.
  • Free additional cards - Get up to four free additional cards that you can link to your account to help boost your points.
  • Purchase benefits - This credit card gives free purchase assurance in the first 90 days and doubles the manufacturer?s regular warranty for up to an additional year.

Similarly to the PC Financial World Mastercard, this card shares a lot of the same features as the PC Financial Mastercard. However, this credit card also has income limitations. In order to obtain the PC Financial World Elite Mastercard, you must earn $80,000 per year yourself or $150,000 within your household. Alternatively, you can upgrade to this card if you?re a PC Financial World Mastercard user and you spend a minimum of $25,000 per year using it.

 

With this version of the PC Mastercard, you earn the most points on purchases out of all three types. Keep in mind that it?s fantastic to earn more points and reap more benefits, but it?s even better if you can avoid overspending where possible. It?s easy to get caught up in spending when there are benefits attached to it, but try not to lose sight of the importance of preservation of your personal finances. Credit cards are meant to compliment your financial habits, not make your life more stressful!

 

All in all, this credit card is cheap compared to the industry benchmarks and has easily accessible benefits.
Great credit card for those who like to earn and redeem Optimum points at all the partners locations.


In case you do not meet the income requirements for the PC Financial World Elite MasterCard please check 2 other PC Financial credit cards:

 PC Financial World MasterCard

 President's Choice Financial Mastercard

BMO® CashBack® World Elite®* Mastercard®*
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Annual Fee: $120
Purchases Interest Rate: Not Available
Cash Advance Interest Rate: Not Available
Min Income Requirement: Not Available
Why Apply:
Recommended Credit Score:
670 900
Average to Excellent

With an annual fee of $120, the BMO® CashBack® World Elite®* Mastercard®* is a fancy loyalty card for Canadians with a minimum personal income of $80.000. To apply for it, you need to have a good or excellent credit score and pay $120 a year. However, you'll get the first year free, plus you'll gain access to numerous perks and benefits.

 

First, with this card, you can get 1.5% cashback on all your purchases. Second, you get unlimited cashback, with no tiers, categories or caps. Thus, you can use this card anywhere without restrictions and benefit from the amazing savings.

 

Another reason to choose this loyalty card is due to the premium perks. You can benefit from a $2 million out of country travel medical insurance, trip interruption insurance, car rental insurance, purchase protection and extended warranty. You also get free roadside assistance.

 

As a welcome offer, you can get a 5% cashback reward for the first 3 months. The BMO CashBack World Elite Mastercard is definitely a great alternative to all other cash back cards out there, being considered to be one of the top loyalty cards in 2022.

Neo Card
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Annual Fee: $0
Purchases Interest Rate: Not Available
Cash Advance Interest Rate: Not Available
Min Income Requirement: Not Available
Why Apply:
Recommended Credit Score:
0 669
Poor or No Credit
Apply Nowlock On Neo Financial's Secure Website

Neo Card

Overview


Neo Financial is a Canadian, technologically driven financial services company. They’ve recently partnered with Mastercard to offer their customers a cash back credit card.  Cardholders earn the highest cash back when they spend with Neo Financial partners. Learn more below.


Key Features and Benefits

  • Earn cash back rewards on everyday purchases
  • Special cash back offers with thousands of partners, including restaurants, gyms, grocery stores and more
  • No monthly or annual fees and standard interest rates
  • Complimentary, easy to use Neo Financial app
  • Able to connect with Apple Pay or Google Pay
  • Email and phone customer support available

Pros

  • Instant cashback
  • Up to 15% cashback on f purchases and 5% average cash back at 10,000+ partners
  • Mobile app available in the app store and Google Play
  • In addition to the physical card, users can add the card to Apple Pay or Google PayTM to make contactless payments with a smartphone
  • No monthly or annual fees
  • Neo Card only requires a credit score of 600+

Drawbacks

  • Only earn cash back with participating partners
  • No basic insurance 

Takeaway

The Neo Card is ideal for individuals who live in urban areas. Neo Financial partners with thousands of restaurants, coffee shops, grocery stores and gas stations. If you don’t live close to the partner vendors, it’ll be challenging to take advantage of the cash back rewards. In addition, Neo Financial’s flexibility and no fees are beneficial for all users.

Tangerine World Mastercard®
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Annual Fee: $0
Purchases Interest Rate: Not Available
Cash Advance Interest Rate: Not Available
Min Income Requirement: Not Available
Why Apply:

Earn extra Rewards
Boingo Wi-Fi for Mastercard®
On-Demand and Subscription Services
Mobile Device Insurance

Recommended Credit Score:
670 900
Average to Excellent
Apply Nowlock On Tangerine's Secure Website

The World Mastercard offers new perks to their customers that are not available to Tangerine Money-Back Mastercard users. Mobile insurance of $1,000, rental car insurance worth $65,000 for 31 days and Mastercard airport experiences are perks that cardholders gain access to. Both of these insurance packages are beneficial for individuals who have a smartphone and are renting cars often.

The Tangerine World Mastercard is a new addition to Tangerine’s financial products. As with the Tangerine Money-Back Mastercard, there is no annual fee, 2% cash back on three categories and 0.5% cash back on all other purchases. Some of Tangerine’s spending categories include restaurants, furniture, groceries, gas, home improvement and entertainment.

Apply for a Tangerine World Mastercard® by October 31, 2024 and earn an extra 10% back* (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.

The World Mastercard offers new perks to their customers that are not available to Tangerine Money-Back Mastercard users. Mobile insurance of $1,000, rental car insurance worth $65,000 for 31 days and Mastercard airport experiences are perks that cardholders gain access to. Both of these insurance packages are beneficial for individuals who have a smartphone and renting cars often. In addition, with the Mastercard LoungeKey membership, you can access airport lounges all over the world at a discounted rate.

 

All in all, the Tangerine World Mastercard is an excellent choice because of the cash back rewards and other perks. Start earning cash on your expenditures today!

Tangerine Frequently Asked Questions

Is Tangerine a good credit card?

Tangerine has two credit cards. The Tangerine Money-Back Credit Card and the Tangerine World Mastercard. Both offer no annual fee and a 19.95% interest rate. They offer purchase assurance and extended warranty on products fully purchased with their credit cards.

Tangerine also offers 2% Money-Back Rewards in two categories of your choice and 0.05% on all other everyday purchases. If you deposit your Money-Back directly into a Tangerine savings account, you unlock a third 2% Money-Back Rewards category. This credit card has no cap on the amount of Money-Back Rewards you can earn. The Tangerine Money-Back Credit Card is a great choice and is competitive with the credit card options of big banks. The Tangerine World Mastercard has added benefits and is harder to qualify for. Benefits include: Mastercard travel rewards, Mastercard airport experiences, mobile device insurance, car rental insurance, and worldwide wi-fi hotspot access.

How do I qualify for a Tangerine credit card?

Tangerine Money-Back Credit Card

To qualify for this credit card, you must have: a gross annual income of $12,000 plus, be the age of majority in your province or territory, be a permanent resident of Canada and be clear of bankruptcies over the past 7 years.


Tangerine World Mastercard

To qualify for this credit card, you must have: $60,000 plus gross annual income OR $100,000 plus household income OR $250,000 in Tangerine bank accounts. AND you must: be the age of majority in your province or territory, be a permanent resident of Canada and be clear of bankruptcies over the past 7 years.

Does Tangerine do a credit check?

Yes, Tangerine will do a credit check as you must agree to a credit check as part of your application process for either credit card Tangerine offers.

What credit bureau does Tangerine use?

Tangerine pulls credit history and credit scores using the TransUnion credit reporting agency.

How do I increase my Tangerine credit card limit?

Tangerine does not provide information on their website about how to increase credit card limits. In most cases, maintaining a good payment history and low borrowing load will welcome credit increases. Often banks and creditors will offer regular increases without requests, but you will be asked and must approve these increases. If you would like a credit increase, you can call and speak to Tangerine’s client service representatives, who can walk you through their specific process and submit your request for a credit increase. Tangerine, like most banks, has an online credit increase form you should be able to complete and submit on your own too.

How can I apply for a Tangerine credit card?

You can apply for a Tangerine credit card online, but you will need to register as a Tangerine client first. If you are already a Tangerine client, you can apply online or call now.

Tangerine Money Back vs World Mastercard®

Wondering what's the difference between the 2 cards? Compare the Tangerine Money Back vs World Mastercard®

 

Tangerine Money-Back Credit Card
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Details
Annual Fee: $0
Purchases Interest Rate: Not Available
Cash Advance Interest Rate: Not Available
Min Income Requirement: Not Available
Why Apply:
  • No annual fee
  • Unlimited rewards
  • Automatic monthly cash back redemption
  • Flexibility
  • Get more rewards
Recommended Credit Score:
670 900
Average to Excellent
Apply Nowlock On Tangerine's Secure Website


Apply for a Tangerine Money-Back Credit Card by April 30, 2024 and earn an extra 10% back (up to $100)
when you spend up to $1,000 in everyday purchases within your first 2 months.*

1.95% interest on the transferred balance for the first 6 months


Regarded as one of the best credit card in Canada, Tangerine Money-Back Credit Card provides no annual fee, a lucrative 2% cash back in up to 3 merchant categories, and 0.5% on all other purchases with no caps, tiers or limits. It provides choice, value and convenience to beginner credit card users and even works great as a secondary credit card.

  • No annual fee -The no annual fee for both primary and secondary holders means that you are not paying for your cash back.
  • Unlimited rewards -Earn as much cash back rewards regardless of the category.
  • Automatic monthly cash back redemption -Every month, Tangerine will either apply your cashback dollars against your credit card balance or deposit it directly into your Tangerine Savings Account.
  • Flexibility - You can choose 2-3 categories for the 2% cash back and change categories once every 90 days to match your spending pattern.
  • Get more cash back rewards -Maximize your credit card rewards by choosing another cash back credit card that has bonus categories and using your Tangerine card to expand and get more bonus categories.


If you've been looking for a credit card that offers money-back rewards, then the Tangerine Money-Back Credit Card might be right for you. The card has no annual fee and is designed to offer cash back on all purchases made with the card - anytime during the year!

Great credit card for those who would like to maximize the cashback they earn by choosing their spend categories to earn more cashback.

Viewed as one of the best credit cards in Canada, Tangerine Money-Back Credit Card provides no annual fee, a lucrative 2% cash back in up to 3 merchant categories, and 0.5% on all other purchases with no caps, tiers or limits. It provides choice, value and convenience to beginner credit card users and even works great as a secondary credit card. 

Apply for a Tangerine Money-Back Credit Card by October 31, 2024 and earn an extra 10% back (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.*

 The most notable feature is the cash back rewards. Who wouldn't want to earn money while they spend! In order to determine an estimate of how much you'll earn using this card, take your total credit card spending per month and multiply it by 1%. Typically, these card users average out to 1% cash back on purchases between the special 2% categories and 0.5% on all other purchases. If you spend $1,000 a month, you'll earn $10 ($1,000 x 0.01)!

Tangerine's Money Back Credit Card has lower than average fees as well. In addition, they are an excellent bank to work with since they're owned by Scotiabank. More often than not, Tangerine's clients benefit indirectly from Scotiabank's services without paying the big bank fees. That being said, Tangerine's services are so affordable because they don't offer in person services the way traditional banks do. If that's something you value, this card might not be right for you.

Tangerine Money Back vs World Mastercard®

Wondering what's the difference between the 2 cards Compare the Tangerine Money Back vs World Mastercard®

 


How to choose the right Mastercard for you

Choosing the right Mastercard credit card for you can seem daunting, given the wide array of options available. To make the choice easier, consider setting up a document with your spending habits, lifestyle, and financial goals and referring to it when considering which Mastercard to select.

Some questions you can ask yourself to narrow down on a Mastercard include:

  •       Where do most of my additional expenses come from? Is it travel? Groceries? Gas? Online shopping or something else? Each card offers different reward levels, so if you realize you spend a lot of money on travel annually, then the World Mastercard may be the right option. There are various types of travel-focused Mastercard though, so don’t be deterred if this one is too pricy or exclusive.
  •       What are my financial goals? If you’re interested in saving money then a card offering more cash-back may be a good option. Do you want to build credit? Then pick a card aimed at helping you achieve this.
  •       Why do I want a Mastercard Credit Card? Perhaps you’re in it for the benefits, in which case signing up for a Card that offers a variety of benefits may be the most logical solution.

Different cards offer different benefits in terms of these goals, so choose a card that aligns with what you're looking to achieve.


Tips for managing Mastercard Credit Cards

Like most credit cards, Mastercards need to be managed well for you to continue benefitting from them. Here are a few tips to help you manage this:

  •       Always pay your bill on time. Late payments can incur fees and negatively impact your credit score. If you fear you might forget to do this, consider setting up automatic payments.
  •       Aim to pay your balance in full each month.  If you can't, at least pay more than the minimum payment. This can help you avoid interest charges and help you pay down your balance faster.
  •       Keep an eye on your spending. It can be easy to overspend when you’re using a credit card, so set up a budget and stick to it.


How to apply for a Mastercard Credit Card

You can apply for a Mastercard credit card online, over the phone, or in person at a bank branch or credit union that issues Mastercards. When you apply you need to provide some basic information such as:

  •       Name
  •       Address
  •       Social security number
  •       Information about income and employment

Some Mastercards require excellent credit to be approved, but there are options available for people with lower credit as well. Once you submit your application, your bank branch or credit union will determine if you qualify for a Mastercard, and upon approval, you will receive your card in the mail within a few weeks.


How to activate your Mastercard Credit Card

Once you receive your Mastercard credit card in the mail, you'll need to activate it before you can use it. This is typically a simple process that can be done online or over the phone.

To activate it online, log onto the website of the card provider, such as the bank you went through. Find your new credit card under accounts and enter your card information such as the card number, security code and expiration date. You may also need to provide your Social Security number.

Once you've provided this information, your card will be activated and ready to use.

Where can I get Mastercard credit cards in Canada?

Mastercard credit cards are available from several financial institutions in Canada. This includes major banks like the Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD) and Bank of Montreal (BMO). Check online to see whether your current bank issues Mastercards or check to see which nearby banks and credit unions offer this service.

Conclusion

Mastercard credit cards offer many benefits that make them an excellent choice for consumers. From their widespread acceptance and robust security measures to their rewards and perks, these cards offer a level of financial flexibility and security that is hard to match.

Whether you're looking for a card for everyday use, a card with travel perks, or a premium card with luxury benefits, there's a Mastercard credit card that's perfect for you.So why wait? Start exploring the world of Mastercard credit cards today and discover the many benefits they can offer.


Mastercard Credit Card FAQ's

Q: Are Mastercard credit cards accepted everywhere?

A: Yes, Mastercard credit cards are accepted at over 37 million locations in more than 210 countries around the world.

Q: What are the benefits of using a Mastercard credit card?

A: Benefits can include cash back on purchases, travel rewards, and exclusive access to events and experiences. Some cards also offer premium benefits like travel upgrades and personal travel advisors.

 
Q: What security measures do Mastercard credit cards offer?

A: Security measures can include fraud monitoring, zero liability for unauthorized purchases, and secure online shopping features.

 
Q: Can I get a Mastercard credit card in Canada?

A: Yes, Mastercard credit cards are available from several financial institutions in Canada.

 
Q: How do I apply for a Mastercard credit card?

A: You can apply online, over the phone, or in person at a branch. You'll need to provide some basic information about yourself, and you can often get a decision in just a few minutes.

 
Q: How do I activate my Mastercard credit card?

A: You can activate your card online or over the phone. You'll need to provide some information about the card and yourself, and then your card will be activated and ready to use.

 

Author Bio

User
Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. He managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook.