Best Mastercard Credit Cards in Canada | Sparks and Bloom

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Best for: 1st Yr Fee Rebate

BMO VIPorter World Elite Mastercard

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BMO VIPorter World Elite Mastercard

BMO Mastercard Porter VIPorter

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5.0Ratesopedia rating

The BMO VIPorter World Elite Mastercard offers a first year annual fee rebate (regular fee $199/yr). It comes with a welcome bonus of 70,000 points. You earn 2x on groceries and 2x at restaurants. Estimated first-year value is $1,644.

1st Yr Fee Rebate

Annual Fee: $199 $0
Rewards rate: 1x
Welcome Bonus: 70,000 points
1st Year Value: $1,644

Pros

First Year Annual Fee Rebate
Welcome bonus of 70,000 points
2x on groceries
2x at restaurants

Cons

High annual fee ($199)
Requires good credit

Best for: 1st Yr Fee Rebate

BMO CashBack Mastercard World Eliteᴹᴰ

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BMO CashBack Mastercard World Eliteᴹᴰ

BMO MastercardCash Back

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4.8Ratesopedia rating

The BMO CashBack Mastercard World Eliteᴹᴰ offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $650. You earn 5x on groceries and 1x at restaurants. Estimated first-year value is $1,276.

Best of Month1st Yr Fee Rebate

Annual Fee: $120 $0
Rewards rate: 1x
Welcome Bonus: $650
1st Year Value: $1,276

Pros

First Year Annual Fee Rebate
Welcome bonus of $650
5x on groceries
Estimated 1st-year value of $1,276

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

BMO Ascend World Elite Mastercard

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BMO Ascend World Elite Mastercard

BMO Mastercard BMO Rewards

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5.0Ratesopedia rating

The BMO Ascend World Elite Mastercard offers a first year annual fee rebate (regular fee $150/yr). It comes with a welcome bonus of 115,000 points. You earn 1x on groceries and 3x at restaurants. Estimated first-year value is $1,195.

Best of Month1st Yr Fee Rebate

Annual Fee: $150 $0
Rewards rate: 1x
Welcome Bonus: 115,000 points
1st Year Value: $1,195

Pros

First Year Annual Fee Rebate
Welcome bonus of 115,000 points
3x at restaurants
Estimated 1st-year value of $1,195

Cons

Requires good credit

Best for: Overall value

MBNA Rewards World Elite Mastercard

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MBNA Rewards World Elite Mastercard

MBNA MastercardMBNA Rewards

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4.7Ratesopedia rating

It comes with a welcome bonus of 30,000 points. You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $1,086.

Annual Fee: $120
Rewards rate: 1x
Welcome Bonus: 30,000 points
1st Year Value: $1,086

Pros

Welcome bonus of 30,000 points
5x on groceries
5x at restaurants
Estimated 1st-year value of $1,086

Cons

Requires good credit

Best for: 1st Yr Fee Rebate

BMO Ascend World EliteBusiness Mastercard

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BMO Ascend World EliteBusiness Mastercard

BMO Mastercard BMO Rewards

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5.0Ratesopedia rating

The BMO Ascend World EliteBusiness Mastercard offers a first year annual fee rebate (regular fee $149/yr). It comes with a welcome bonus of 100,000 points. You earn 1.5x on groceries and 1.5x at restaurants. Estimated first-year value is $1,063.

Best of Month1st Yr Fee Rebate

Annual Fee: $149 $0
Rewards rate: 1.5x
Welcome Bonus: 100,000 points
1st Year Value: $1,063

Pros

First Year Annual Fee Rebate
Welcome bonus of 100,000 points
Estimated 1st-year value of $1,063

Cons

Fewer premium perks

Best for: Overall value

MBNA Rewards World Elite Mastercard (Quebec)

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MBNA Rewards World Elite Mastercard (Quebec)

MBNA MastercardMBNA Rewards

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4.2Ratesopedia rating

It comes with a welcome bonus of 20,000 points. You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $986.

Annual Fee: $120
Rewards rate: 1x
Welcome Bonus: 20,000 points
1st Year Value: $986

Pros

Welcome bonus of 20,000 points
5x on groceries
5x at restaurants
Estimated 1st-year value of $986

Cons

Requires good credit

Best for: Overall value

WestJet RBC World Elite Mastercard‡

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WestJet RBC World Elite Mastercard‡

RBC Mastercard WestJet Rewards

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4.5Ratesopedia rating

It comes with a welcome bonus of 70,000 points. You earn 2x on groceries and 1.5x at restaurants. Estimated first-year value is $971.

Annual Fee: $139
Rewards rate: 1.5x
Welcome Bonus: 70,000 points
1st Year Value: $971

Pros

Welcome bonus of 70,000 points
2x on groceries
Estimated 1st-year value of $971

Cons

Requires good credit

Best for: Overall value

Cathay World Elite Mastercard – powered by Neo

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Cathay World Elite Mastercard – powered by Neo

Neo Mastercard Cathay Asia Miles

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4.5Ratesopedia rating

It comes with a welcome bonus of 60,000 miles. You earn 1x on groceries and 1x at restaurants. Estimated first-year value is $930.

Best of Month

Annual Fee: $180
Rewards rate: 1x
Welcome Bonus: 60,000 miles
1st Year Value: $930

Pros

Welcome bonus of 60,000 miles
Estimated 1st-year value of $930

Cons

High annual fee ($180)
Requires good credit

Best for: 1st Yr Fee Rebate

BMO VIPorter Mastercard

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BMO VIPorter Mastercard

BMO Mastercard Porter VIPorter

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4.3Ratesopedia rating

The BMO VIPorter Mastercard offers a first year annual fee rebate (regular fee $89/yr). It comes with a welcome bonus of 40,000 points. You earn 1x on groceries and 1x at restaurants. Estimated first-year value is $897.

1st Yr Fee Rebate

Annual Fee: $89 $0
Rewards rate: 0.5x
Welcome Bonus: 40,000 points
1st Year Value: $897

Pros

First Year Annual Fee Rebate
Welcome bonus of 40,000 points
Estimated 1st-year value of $897

Cons

Fewer premium perks

Best for: Overall value

National Bank World Elite Mastercard

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ExclusiveNational Bank World Elite Mastercard

BNC MastercardNBC Rewards

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4.2Ratesopedia rating

It comes with a welcome bonus of 50,000 points. You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $872.

Best of Month

Annual Fee: $150
Rewards rate: 1x
Welcome Bonus: 50,000 points
1st Year Value: $872

Pros

Welcome bonus of 50,000 points
5x on groceries
5x at restaurants
Estimated 1st-year value of $872

Cons

Requires good credit

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Complete Guide

Best Mastercard Credit Cards in Canada

Compare the best Mastercard credit cards in Canada. World Elite, World, and Platinum tiers compared.

Mastercard Credit Cards in Canada

Mastercard is the second-most accepted credit card network in Canada with about 75 cards from major banks and fintechs. Their tier system includes Standard, Gold, Platinum, World, and World Elite, each with increasing perks.

World Elite Benefits

Mastercard World Elite cards include premium travel insurance, Price Protection, Extended Warranty, and access to exclusive experiences. Cards like the Rogers World Elite and BMO Eclipse are among Canada’s most popular credit cards.

Wide Acceptance

Mastercard is accepted at virtually every merchant in Canada. Many popular no-fee cards (Tangerine, BMO CashBack, Neo) use the Mastercard network, making it the go-to for everyday spending.

77

Cards analyzed

Jun 2026

Last updated

100%

Independent

Methodology

Our team evaluates credit cards based on overall consumer value: rewards earning rates, annual fees, welcome bonuses, insurance coverage, and additional perks. Cards are ranked by estimated first-year value. We update our picks monthly.

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⚖️Unbiased review

🎯Transparent criteria

FAQ

Frequently Asked Questions

1What is the best Mastercard in Canada?

The BMO Eclipse Visa Infinite Privilege and Rogers World Elite Mastercard are top picks. For no fee, the Tangerine Money-Back and BMO CashBack Mastercard are excellent.

2What’s the difference between World and World Elite Mastercard?

World Elite adds higher insurance limits, more comprehensive travel benefits, and exclusive experiences. Income requirements are also higher ($80K personal or $150K household).

3Is Mastercard accepted everywhere in Canada?

Yes, Mastercard has near-universal acceptance in Canada, on par with Visa. Both networks work at virtually all merchants.

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