Best Mastercard credit cards in Canada
Mastercard credit cards from Canadian issuers, ranked by what each one is worth for your spending, after fees.
Card details updated November 10, 2026 How we rank
What’s in each?
- Light:
- Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical:
- Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big:
- Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
- Yours:
- Your own amounts, saved on this device only
Not sure which kind of card you need? Help me choose
79 Mastercard credit cards, ranked for you
Ranked by value in year one at $2,500 a month, after fees. How we rank
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Ranked 1. WestJet RBC World Elite Mastercard for Business
RBC · Mastercard
Worth in year one $1,390Then each year $4906% back on flights, 1.5% back on everything else
- Welcome offer
- $900 you’d get All of year one’s offer. Up to 100,000 WestJet points.
- Annual fee
- $175 a year
Needs $80,000 personal or $150,000 household income
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Read the full review: WestJet RBC World Elite Mastercard for Business
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Ranked 2. BMO Ascend™ World Elite® Mastercard®
BMO · Mastercard Expert Score 7.8 out of 10. Good
Worth in year one $1,250Then each year $3303.4% back on travel, 0.7% back on everything else
- Welcome offer
- $771 you’d get The full offer. Up to 115,000 BMO Rewards points.
- Annual fee
- $0 first year Then $150 a year
Needs $80,000 personal or $150,000 household income
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Ranked 3. National Bank World Elite Mastercard
National Bank · Mastercard Expert Score 8.1 out of 10. Very good
Worth in year one $1,099Then each year $9044.5% back on groceries and restaurants, 0.9% back on everything else
- Welcome offer
- $45 you’d get The full offer. Up to 5,000 a la carte points.
- Annual fee
- $0 first year Then $150 a year
Needs $80,000 personal or $150,000 household income
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Ranked 4. WestJet RBC World Elite Mastercard
RBC · Mastercard Expert Score 7.3 out of 10. Good
Worth in year one $1,094Then each year $4942% back on flights, groceries and gas, 1.5% back on everything else
- Welcome offer
- $600 you’d get All of year one’s offer. Up to 70,000 WestJet points.
- Annual fee
- $139 a year
Needs $80,000 personal or $150,000 household income
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Best welcome offers right now
What you’d actually get at $2,500 a month.
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WestJet RBC World Elite Mastercard for Business
$900 you’d get
Up to 100,000 WestJet points.
All of year one’s offer at your spending
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BMO Ascend™ World Elite® Mastercard®
$771 you’d get
Up to 115,000 BMO Rewards points.
The full offer at your spending
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BMO VIPorter Mastercard®
$600 you’d get
Up to 40,000 VIPorter points.
The full offer at your spending
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WestJet RBC World Elite Mastercard
$600 you’d get
Up to 70,000 WestJet points.
All of year one’s offer at your spending
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Cathay World Elite® Mastercard®
$525 you’d get
Up to 35,000 Asia Miles.
The full offer at your spending
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BMO Ascend World Elite Business Mastercard
$335 you’d get
Up to 50,000 BMO Rewards points.
The full offer at your spending
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Ranked 5. BMO VIPorter Mastercard®
BMO · Mastercard
Worth in year one $1,043Then each year $3543% back on travel, 0.8% back on everything else
- Welcome offer
- $600 you’d get The full offer. Up to 40,000 VIPorter points.
- Annual fee
- $0 first year Then $89 a year
Income rule not listed
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Ranked 6. BMO Ascend World Elite Business Mastercard
BMO · Mastercard
Worth in year one $937Then each year $4272.7% back on gas, recurring bills and office supplies, 1% back on everything else
- Welcome offer
- $335 you’d get The full offer. Up to 50,000 BMO Rewards points.
- Annual fee
- $0 first year Then $175 a year
Needs $80,000 personal or $150,000 household income
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Read the full review: BMO Ascend World Elite Business Mastercard
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Ranked 7. Cathay World Elite® Mastercard®
Neo · Mastercard
Worth in year one $882Then each year $3576% back on flights, 1.5% back on everything else
- Welcome offer
- $525 you’d get The full offer. Up to 35,000 Asia Miles.
- Annual fee
- $180 a year
Needs $80,000 personal or $150,000 household income
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Ranked 8. Desjardins Odyssey World Elite Mastercard
Desjardins · Mastercard Expert Score 6.9 out of 10. Fair
Worth in year one $830Then each year $7003% back on groceries and restaurants, 1% back on everything else
- Welcome offer
- $130 you’d get The full offer. Up to $130 back.
- Annual fee
- $130 a year
Needs $80,000 personal or $150,000 household income
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Read the full review: Desjardins Odyssey World Elite Mastercard
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Ranked 9. Desjardins Cash Back World Elite Mastercard
Desjardins · Mastercard
Worth in year one $818Then each year $7184% back on groceries, 1% back on everything else
- Welcome offer
- $100 you’d get The full offer. Up to $100 back.
- Annual fee
- $100 a year
Needs $80,000 personal or $150,000 household income
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Read the full review: Desjardins Cash Back World Elite Mastercard
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Ranked 10. BMO VIPorter World Elite® Mastercard®
BMO · Mastercard
Worth in year one $794Then each year $5954.5% back on flights, 1.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 first year Then $199 a year
Needs $80,000 personal or $150,000 household income
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Ranked 11. PC Insiders™ World Elite Mastercard®
PC Financial · Mastercard
Worth in year one $748Then each year $5785% back on pharmacy, 1% back on everything else
- Welcome offer
- $50 you’d get The full offer. Up to 50,000 PC Optimum points.
- Annual fee
- $0 first year Then $120 a year
Needs $80,000 personal or $150,000 household income
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Ranked 12. United® MileagePlus® Neo World Elite® Mastercard
Neo · Mastercard
Worth in year one $701Then each year $3812% back on flights, 1.2% back on everything else
- Welcome offer
- $320 you’d get All of year one’s offer. Up to 25,000 MileagePlus miles.
- Annual fee
- $89 a year
Needs $80,000 personal or $150,000 household income
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Read the full review: United® MileagePlus® Neo World Elite® Mastercard
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Ranked 13. BMO® CashBack® World Elite® Mastercard®
BMO · Mastercard Expert Score 8.0 out of 10. Very good
Worth in year one $690Then each year $5705% back on groceries, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 first year Then $120 a year
Needs $80,000 personal or $150,000 household income
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Read the full review: BMO® CashBack® World Elite® Mastercard®
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Ranked 14. Air France KLM World Elite MasterCard®
Brim · Mastercard
Worth in year one $687Then each year $5553.8% back on restaurants, 1.9% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 first year Then $132 a year
Needs $80,000 personal income
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Read the full review: Air France KLM World Elite MasterCard®
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Ranked 15. Tims® Credit Card
ATB Financial · Mastercard
Worth in year one $672Then each year $6725% back on groceries and gas, 0.5% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Income rule not listed
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Ranked 16. Quicksilver World Elite Mastercard®
Capital One · Mastercard
Worth in year one $657Then each year $6573% back on groceries and gas, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $80,000 personal or $150,000 household income
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Ranked 17. Quicksilver World Mastercard®
Capital One · Mastercard
Worth in year one $657Then each year $6573% back on groceries and gas, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $0 No annual fee
Needs $50,000 personal or $80,000 household income
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Ranked 18. PC Financial® World Elite Mastercard®
PC Financial · Mastercard Expert Score 8.0 out of 10. Very good
Worth in year one $652Then each year $6024.5% back on pharmacy, 1% back on everything else
- Welcome offer
- $50 you’d get The full offer. Up to 50,000 PC Optimum points.
- Annual fee
- $0 No annual fee
Needs $80,000 personal or $150,000 household income
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Ranked 19. National Bank World Mastercard
National Bank · Mastercard
Worth in year one $650Then each year $5351.8% back on everything
- Welcome offer
- None listed
- Annual fee
- $0 first year Then $115 a year
Needs $50,000 personal or $80,000 household income
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Ranked 20. Neo World Elite® Mastercard
Neo · Mastercard Expert Score 7.4 out of 10. Good
Worth in year one $631Then each year $6315% back on groceries, 1% back on everything else
- Welcome offer
- None listed
- Annual fee
- $149 a year
Needs $80,000 personal or $150,000 household income
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Showing 20 of 79 cards
Filters
Your spending a month
Your balance
How we rank cards
The list is math only: one set of rules, worked out for the choices you made.
What Year one and Every year mean
Year one is what a card is worth in its first year at your spending: the rewards it earns, plus any welcome offer your spending would reach, minus the first year’s annual fee.
Every year after leaves out the welcome offer and takes off the full annual fee, so a big offer can’t hide a weak earn rate.
We rank by the one you pick. When two cards come out the same, the one with the higher score goes first. Values are estimates, rounded to the dollar.
What’s in each spending choice
Each choice is an example month of spending, split across the kinds of spending cards reward differently. Pick the one closest to yours.
- Light, $1,000 a month: Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical, $2,500 a month: Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big, $5,000 a month: Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
How we value points
Each points program gets one value per point, taken from the program’s own valuation. Cards in the same program use the same value, so two cards that earn the same points are judged the same way.
- Aeroplan: 2 cents a point
- American Express Membership Rewards: 1.7 cents a point
- BMO Rewards: 0.67 cents a point
- British Airways Club: 2 cents a point
- Cathay Asia Miles: 1.5 cents a point
- CIBC Aventura: 1 cents a point
- Desjardins BONUSDOLLARS: 100 cents a point
- Flying Blue: 1.9 cents a point
- Marriott Bonvoy: 0.8 cents a point
- moi Rewards: 0.8 cents a point
- More Rewards: 0.2 cents a point
- National Bank a la carte Rewards: 0.9 cents a point
- PC Optimum: 0.1 cents a point
- RBC Avion: 1.7 cents a point
- Scene+: 1 cents a point
- TD Rewards: 0.5 cents a point
- Triangle Rewards: 100 cents a point
- United MileagePlus: 1.6 cents a point
- VIPorter: 1.5 cents a point
- WestJet Rewards: 1 cents a point
A card whose points we can’t value yet shows its points and sorts after the cards we can value.
What Low interest adds up
Low interest ranks by what a year of carrying a balance would cost: interest at the card’s purchase rate, plus the annual fee. It assumes the balance stays the same all year and leaves out rewards and welcome offers.
A balance transfer offer shows on the card when it has one, but it doesn’t change the order.
Does pay change the order?
No. The order comes only from the math above. We get paid when you apply through some links, and a bank can pay to show a card in a spot marked Sponsored. Pay never moves a card in the ranked list or changes its score.
Help me choose
Four quick questions, then a list that fits. Your answers only set the list. We don’t keep them.
Show the questions as a form
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Cards by bank
Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. Values are estimates for the spending you picked, rounded to the nearest dollar.
Spot something wrong? We’ll check it with the bank. Suggest a correction