The Hudson's Bay Mastercard on this page has been discontinued by the issuer, a new Hudson’s Bay Mastercard has been launched in partnership with Neo Financial. Learn more here
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 2022
Hudson's Bay MasterCard Review
Even more in store
Use your Hudson's Bay Mastercard with your Hudson's Bay Rewards Card in store, and get double the points, that's up to 4 points for almost every $1 you spend.
2,000 points = $10 Gift Card
Your points can add up in no time. Redeem them for Hudson's Bay Gift Cards, then use your Gift Cards at Hudson's Bay, thebay.com and Home Outfitters for the things you love.
Get access to 20+ savings events per year
Enjoy additional savings when you use your Hudson's Bay Mastercard at exclusive events. You can get advance notice of these events by signing up at thebay.com don't miss out!.
Earn 2 points on almost every $1 you spend outside of Hudson's Bay Company stores.
Hudson Bay Mastercard Rewards:
Using this card, the card holder collects points on all purchases that can be redeemed at Hudson's Bay. More points are earned when the card holder makes purchases at Hudson's Bay. Card holders also get access to exclusive events offered by Hudson's Bay along with other shopping perks.
Cons:
One of the downsides of this card is that you can’t apply online, all applications are done in store.
The card doesn’t have any insurance such as Purchase Security & Extended Protection Insurance.
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Priority airport services
No
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Airport lounge access
No
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Concierge service
No
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Balance protection(Optional)
No
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Purchase Security & Extended Protection Insurance
NO
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Flight delay insurance,Baggage Insurance
No
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Vehicle rental insurance
No
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Travel accident insurance
No
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Travel medical insurance
No
- Annual Fee: $0
- Additional Card Fee: $0
- Purchases Interest Rate: 17%
- Cash Advance Interest Rate: 17%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
- Free shipping.Get free shipping on online purchases if you meet the minimum purchase amount
- 90-day Returns. you can enjoy up to 90-day returns on items you purchase.
- Bonus points 2X per year. Receive a 25% bonus twice annually on points earned outside of Hudson's Bay Company stores.
- Exclusive shopping events.Get access to 20+ savings events per year
- Redeem points for HBC gift cards or convert them to AIR MILES.
The Hudson's Bay Mastercard is a great store credit card with no annual fee. This credit card is issue by Capital One and doesn't offer purchase protection or extended warranty coverage.
The Hudson's Bay Rewards card! This is yet another fantastic choice, especially for those who love to shop with Canada's famous Hudson's Bay Company. With this card, individuals earn points which can be redeemed at Hudson's Bay.
Unfortunately, this card has a higher interest rate than most and can easily fluctuate since it is based off of the Canadian prime rate. In addition, other fees are in line with averages aside from cash advance fees and missed payment penalties. If you manage the card by making payments on time and in full, you won't face these penalties and, thankfully, there are no annual fees to worry about! But if you frequently use cash advance fees or make payments irregularly, shy away from this card.
In conclusion, this card has the perks of being fairly affordable and you can earn points towards your next Hudson's Bay purchase. Shopping is a reasonable expense at times, but earning points towards something that won't better your finances isn't always the way to go. Fortunately it is available to the majority of Canadians.
Unfortunately, you can't apply for the Hudson's Bay Mastercard online. Instead, the application needs to be made at the store.
if you love to shop at Hudson's Bay stores, this card could be a great choice for you.
Hudson’s Bay Mastercard FAQ's
What’s the annual interest rate for the Hudson’s Bay Mastercard?
The standard rate on purchases, cash advances, and balance transfers is Canadian Prime Rate + 17%. See the Hudson’s Bay Credit Cardholder Agreement for more details.
What’s the difference between the Hudson’s Bay Mastercard and the Hudson’s Bay Credit Card?
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The Hudson’s Bay Mastercard can be used everywhere Mastercard is accepted – and you can earn 2 Hudson’s Bay Rewards points for almost every dollar spent2 outside of Hudson’s Bay Company stores1. Plus, you’ll get a 25% bonus5 twice a year on all points earned outside of Hudson’s Bay and thebay.com. Your bonus is awarded in January and July based on the points you’ve earned in the previous six months and will appear on your credit statement.
The Hudson’s Bay Credit Card is only accepted at Hudson’s Bay and thebay.com.
- Do I need to present my Hudson’s Bay Rewards Card with my Hudson’s Bay Mastercard or Hudson’s Bay Credit Card when making a purchase?
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No, you do not need to present your Hudson’s Bay Rewards Card with your Hudson’s Bay Mastercard or Hudson’s Bay Credit Card when making a purchase.
Do the Hudson’s Bay Mastercard come with a grace period?
Yes, you can benefit from an interest-free grace period of at least 21 days on new purchases if you pay off your new regular balance in full by the payment due date. There is no interest-free grace period on cash advances and balance transfers.
Is there an annual fee for the Hudson’s Bay Mastercard?
No. There’s no annual fee for the Hudson’s Bay Mastercard, the Hudson’s Bay Credit Card or the Hudson’s Bay Rewards program.
Will I be charged transaction fees?
Certain transaction fees apply for the Hudson’s Bay Mastercard. Click here to view these transaction fees.
Are there any other fees associated with the Hudson’s Bay Mastercard?
All fees associated with the card are outlined in the Disclosure Statement. See your Hudson’s Bay Credit Cardholder Agreement for more details.
Can I still apply if I’m not a Hudson’s Bay Rewards member?
Yes. And if you apply for a Hudson’s Bay Mastercard, you’ll automatically be enrolled in the Hudson’s Bay Rewards program if you aren’t already – your Hudson’s Bay Rewards Card will be mailed to you shortly after you’re approved for your credit card or be provided to you in store when you apply.
Where do I apply for the Hudson’s Bay Mastercard?
You can apply at any Hudson’s Bay store.
How long does it take to process my application? When will I receive my card in the mail?
Once approved, you should receive your Hudson’s Bay Mastercard in the mail within 7 to 10 business days of the application being received by Capital One®.
What are the terms and conditions?
For complete terms and conditions, refer to the Hudson’s Bay Cardholder Agreement. You can also view the terms and conditions here.
.Hudson's Bay Mastercard Cardholder agreement
Cardholder Agreement and Disclosures
Billing Cycle/Statement Period: The duration of each billing period for which a statement may be provided varies. It is typically between 28 and 31 days.
Annual Fee: $0
Interest-Free Grace Period: You will benefit from an interest-free grace period of at least 21 days on new purchases if you pay off your new regular balance in full by the payment due date. There is no interest-free grace period on cash advances and balance transfers.
Minimum Payment: If you reside anywhere other than the province of Quebec, your required minimum payment will be the greater of: (i) The sum of (a) 1% of your new total balance (excluding any balance on a special payment plan), (b) any interest charges you have, and (c) any monthly payment due under a special payment plan, rounded up to the nearest dollar, plus any amount past due; or (ii) $10 plus any amount past due; or (iii) any balance that exceeds your credit limit. If your new total balance is less than $10, then the minimum payment will be the new total balance.
If you reside in Quebec, your required minimum payment will be the greater of: (i) The sum of (a) 5% of your new total balance (excluding any balance on a special payment plan), and (b) any monthly payment due under a special payment plan, rounded up to the nearest dollar, plus any amount past due; or (ii) $15 plus any amount past due; or (iii) any balance that exceeds your credit limit. If your new total balance is less than $15, then the minimum payment will be the new total balance.
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Special Offer:
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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.*
Always-On Offer:
Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
No limit on the amount of Money-Back Rewards you can earn.
Change your 2% Money-Back Categories to suit your spending.
Balance transfer offer:
During your first 30 days, transfer balances and pay only 1.95% interest on the transferred balance for the first 6 months†.(with a 1% fee)
Earn 2% Money-Back Rewards on purchases in up to 3 categories of your choice with the Tangerine Money-Back Credit Card, and 0.50% Money-Back Rewards on all other purchases.
Tangerine Money-Back Features
- 2% Rewards in your chosen categories
- Get 0.50% money back on all other everyday purchases.
- Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.
- No limit on the amount of Money-Back Rewards you can earn.
- Change your 2% Money-Back Categories to suit your everyday spending.
Optimizing your 2% Money-Back Categories to suit your everyday spending has never been easier. Choose your categories to earn the most money back.
Tangerine Money-Back Credit Card 2% Cash Back Categories:
- Grocery
- Furniture
- Restaurants
- Hotel-Motel
- Gas
- Recurring Bill Payments
- Drug Store
- Home Improvement
- Entertainment
- Public Transportation and Parking
Tangerine Money-Back Credit Card Fees:
- Annual: $0
- Balance transfer: 3% with $5 minimum
- Cash advance: $3.50 inside Canada, $5 outside Canada, plus 19.95% interest on overdue amounts
- Foreign transaction: 2.5% per transaction
- Missed or late payments: increased interest rates to 24.95% on all purchases
- Over limit: $25 (Tangerine does not allow you to go over your limit unless the transaction was pre-approved)
Tangerine Money-Back Credit Card Rewards Features
- Get 0.50% money back on all other everyday purchases.
- Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.
- No limit on the amount of Money-Back Rewards you can earn.
- Change your 2% Money-Back Categories to suit your everyday spending.
Tangerine Money-Back Credit Card Insurance
- Purchase Assurance and Extended Warranty– For most new purchases made anywhere in the world using your Tangerine Money-Back Credit Card, you may receive a lifetime maximum of up to $60,000 for the following insurance coverage:
- Purchase Assurance to automatically cover loss, theft or damage on most new insured items for 90 days from the date of purchase
- Extended Warranty which may double the period of repair services to a maximum of one year
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Mastercard® accepted worldwide at more than 24 million locations in over 210 countries
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Neo Card Review 2024
The Neo Card is a no-annual-fee credit card that unlocks exclusive offers and earns you instant cashback rewards at the places you love.
All the cashback, no annual fees¹
Unlimited cashback: With Neo, get unlimited cashback. Shop and collect cashback you can use immediately.
Everyday cashback
Earn rewards at thousands of local and national businesses, including most major gas and grocery stores, restaurants, gyms, coffee shops and more.
Stay on top of your money
Get proactive alerts and notifications in real-time.
Interest rates:
- Purchases Interest Rate: 19.99% – 26.99%
- Cash Advance Interest Rate: 22.99%-28.99%
Neo Card only requires a credit score of 600+ and the Neo Secured Card is guaranteed approval, regardless of your credit history
Author Bio
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.
