Best Mastercard cards in Canada

• 0.5% cash back on purchases, paid monthly
• Balance earns EQ Personal Account interest while loaded

Income

None — prepaid, no credit check

FX fee

None — “EQ Bank does not charge any additional FX fee or markup”

Rates

n/a (prepaid) purchases · n/a advances

• 3% unlimited cash back on purchases made in U.S. dollars (no Rogers service required)
• 2% on everything with a Rogers/Fido/Shaw service · 1.5% without
• Redemptions: 1.5× value against Rogers/Fido/Shaw bills (reduced from the old 2×), or annual statement credit

None currently — 5 Roam Like Home days/yr with an eligible Rogers mobile plan instead

Income

$80,000 personal / $150,000 household

FX fee

2.5% — but the 3% USD earn nets ~+0.5% on US-dollar spend (the new World Legend tier is 0% FX)

Travel medical

10 days (≤64) · 3 days (65–75, with a 1-yr pre-existing lookback) — rare 65–75 coverage · $1M max

Rates

20.99%–25.99% risk-based — floor rises to 21.99% from August 2026 statements purchases · 22.99%–27.99% advances

• 2 pts/$1 (4 pts first 90 days) on restaurants, groceries, digital media, memberships and utilities — $10,000/yr cap per category
• 1 pt/$1 elsewhere · points worth 1¢ toward travel, 0.5¢ as cash
• Birthday bonus: 10% of prior-year points (max 10,000)

5,000 pts after $500 spend in 90 days + 5,000 pts for paperless enrolment (no end date stated)

Income

No income floor — Canadian resident, age of majority

FX fee

2.5% (application disclosure)

Rates

21.99% purchases · 22.99% advances

• No rewards — the rate is the product

0% on balance transfers for 12 months (transfers within 90 days; 3% fee, min $3.50) — no end date stated

Income

No income floor — Canadian resident, age of majority

FX fee

2.5% (application disclosure)

Rates

12.99% — raised from the widely-cited 10.99%; page notes rates may vary by region purchases · 24.99% advances

Secured route requires the $7.99/month Build membership (waivable)

• 1% on gas & groceries to an unspecified monthly cap, then 0% — plus rotating partner offers
• One card, two onboarding paths: traditional credit (to $10,000) or secured (min $50 security funds)

Income

No stated minimum

FX fee

3% per the current fee schedule (Neo’s disclosure PDF still says 2.5% — discrepancy noted)

Rates

19.99%–29.99% (risk-based) purchases · 22.99%–31.99% advances

Plans: Essential $0/mo · Extra $12/mo · Everything $14.75/mo; Credit Building add-on $10/mo ($7 on Extra, $5 on Everything)

• Prepaid spending account, not a credit card — the Credit Building add-on reports an interest-free line to Equifax

Income

None — prepaid, no credit check

FX fee

Varies by plan — confirm current tier table on koho.ca

Rates

n/a (prepaid) purchases · n/a advances

• 2% in 2 categories you choose (a 3rd unlocks by depositing rewards into Tangerine Savings) — unlimited, no caps
• 0.5% on everything else
• World Mastercard variant ($50k/$80k income or $250k with Tangerine): same earn + mobile insurance + lounge network access

10% back for 2 months on up to $1,000 (up to $100) — expires Sept 30, 2026

Income

$12,000 (base card)

FX fee

2.5%

Travel medical

None on either card

Rates

20.95% purchases · 22.95% advances

Up to 3 additional cards $0; Costco membership required (card doubles as the membership card)

• 3% restaurants & Costco gas · 2% other gas/EV and Costco.ca
• 1% everything else INCLUDING in-warehouse Costco — no cap on total cash back

None

Income

$15,000

FX fee

Not stated on the card page — confirm in the cardholder agreement (typically 2.5%)

Travel medical

None

Rates

21.75% — higher than commonly quoted purchases · 22.49% (21.99% Quebec) advances

Free tier; a paid PC Insiders WE ($120, 4% grocery + 5% Shoppers) now sits above it. Lower free tiers: PC World (2% grocery, $50k income), PC Mastercard (1%)

• 3% in PC Optimum points at Loblaws-banner grocery · 4.5% at Shoppers Drug Mart · ≥3¢/L at Esso/Mobil
• Points worth full value in-store (10,000 = $10) but only $7 as a statement credit

50,000 PC Optimum bonus points — apply by June 30, 2026 (spend conditions apply) · Ends soon

Income

$80,000 personal / $150,000 household (WE tier)

FX fee

2.5%

Travel medical

Up to 10 days, under 65 only

Rates

21.99% purchases · 22.97% advances

• 4% CT Money at Canadian Tire/Sport Chek/Mark’s family · 3% groceries on first $12,000/yr (EXCLUDES Costco & Walmart)
• 5¢/L (7¢/L premium) at Gas+ AND Petro-Canada · 1% elsewhere

No current acquisition offer stated

Income

$80,000 personal / $150,000 household

FX fee

2.5%

Travel medical

None

Rates

21.99% purchases · 22.99% advances

Base card identical earn; World tier adds 6 months Walmart+ and purchase protection

• 3% at any Walmart in Canada or Walmart.ca — the old 1.25% in-store tier is GONE (recent restructure)
• 1% everywhere else · Reward Dollars spend 1:1 at Walmart only

$25 Reward Dollars after a $75+ Walmart purchase in 30 days — ongoing

Income

$80,000 household (World tier, new applicants)

FX fee

2.5%

Travel medical

None

Rates

21.99% (26.99% if approved at standard rate) purchases · 22.99% advances

First year waived; rebated every year with BMO Performance chequing

• No rewards — the rate is the product

0% on balance transfers for 18 months (2% fee) — new customers from Jun 2, 2026; no end date stated

Income

No stated income floor

FX fee

2.5% (BMO cost-of-borrowing insert)

Rates

13.99% purchases · 15.99% advances

$0 per additional card

• No rewards — a variable-rate card: purchases at NBC prime + 4% (floor 8.90%)

Income

No minimum annual income required (stated)

FX fee

2.5% (NBC terms)

Rates

8.90% today — prime + 4% with an 8.90% floor (the floor binds at prime 4.45%) purchases · 12.90% today — prime + 8% with a 12.90% floor advances

US$49 — rebated the following year when US$3,000+ is spent (aggregators still cite the old $35/$1,000)

• No rewards — a pure USD-billing tool

Income

No stated minimum

FX fee

n/a — bills in USD

Travel medical

NOT included — BMO states the card “does not include travel insurance”

Rates

21.99% purchases · 23.99% advances

• 1 point per $1 on everything (base card: $0/yr at 1 pt per $2)

Income

World Elite standards apply

FX fee

1.5% — Brim’s old no-FX positioning is GONE; both cards now charge “a low 1.5% foreign transaction fee”

Rates

See issuer page purchases · See issuer page advances

$50 per additional card

• 5 pts/$1 on restaurants, groceries, digital media, memberships and utilities — $50,000/yr cap per category
• 1 pt/$1 elsewhere · birthday bonus 10% of prior-year points (max 15,000)

20,000 pts after $2,000 spend in 90 days + 10,000 pts paperless (no end date stated)

Income

$80,000+ personal or $150,000+ household (stated on the card page)

FX fee

2.5% (application disclosure)

Rates

21.99% purchases · 22.99% advances

• 3% groceries (first $10,000/yr) · 3% restaurants (first $6,000/yr) · 2% entertainment, transit, travel (caps apply)
• BONUSDOLLARS redeem 1:1; 8 free Desjardins Lounge passes/yr (Montréal-Trudeau)

None currently offered

Income

$80,000 personal / $150,000 household — available Canada-wide, caisse membership not required

FX fee

2.5%

Travel medical

60 days (≤59) · 31 days (60–64) · 15 days (65–75) — certificate-verified

Rates

20.9% purchases · 21.9% advances

Waived first year (primary only); rebated annually with BMO Premium chequing

• 5% groceries (to $500 spend per statement period)
• 4% transit · 3% gas/EV (per-statement caps apply — exact figures live in footnotes)
• 2% recurring bills (to $500/statement) · 1% unlimited elsewhere

Up to $650: $40/billing cycle × 12 with $2,000/cycle spend + fee waiver + roadside value; 0% BT for 12 months (2% fee) — applications Dec 15, 2025 to Oct 31, 2026

Income

$80,000 personal / $150,000 household

FX fee

Not published on the card page — confirm in the cardholder agreement (typically 2.5%)

Travel medical

8 days, age 64 or under ($5M) · 65+: EXCLUDED — certificate-verified

Rates

21.99% purchases · 23.99% (21.99% Quebec) advances

Page says $149; Neo’s own Apr 2026 fee schedule says $125 — issuer documents conflict

• 5% groceries · 4% recurring payments · 3% gas · 1% else
• All bonus rates subject to an UNPUBLISHED monthly spend cap (visible only in the app)

None stated

Income

$80,000 personal / $150,000 household

FX fee

3%

Travel medical

$1M, first 14 days, UNDER AGE 60 only — not available to Quebec residents

Rates

19.99%–29.99% (risk-based) purchases · 22.99%–31.99% advances

Waived first year (incl. authorized users); rebated annually with BMO Premium chequing

• 5× travel · 3× dining, entertainment, recurring bills · 1× else
• Bonus rates revert to base beyond $10,000 annual spend per category

Up to 100,000 pts (45k at $5,000/110 days + 20k at $10,000/180 + 35k at $20,000/365) + NEXUS credit — applications Dec 15, 2025 to Oct 31, 2026

Income

$80,000 personal / $150,000 household

FX fee

2.5% (BMO rates PDF)

Travel medical

21 days if 64 or under ($5M) · 65+: EXCLUDED — certificate-verified (an optional paid 31-day plan is sold to ages 65–74)

Rates

21.99% purchases · 23.99% advances

$50 second authorized card

• 5 pts/$1 groceries & restaurants — but only on the first $2,500 of TOTAL monthly purchases (all categories), then 2 pts
• 2 pts gas/EV, recurring bills, À la carte Travel · 1 pt else · $150/yr travel-expense refund (bags, seats, lounges)

Up to 35,000 pts — but only 15k is pure spend; 20k requires insurance enrolment + a chequing package — ends June 29, 2026 · Ends soon

Income

$80,000 personal / $150,000 household

FX fee

2.5%

Travel medical

60 days (≤54) · 31 days (55–64) · 15 days (65–75) — the best 65+ coverage in Canada

Rates

20.99% purchases · 22.49% advances