If you’re looking to get a new credit card, chances are that you have considered getting a Mastercard®. And as credit cards go, you can’t go wrong with this excellent choice.

Mastercard® is the world’s second-largest payments network in the global payments industry. It is the intermediary that processes credit card transactions on its proprietary global payments network for a wide variety of issuers. You’re probably more familiar with these issuers as the banks and financial institutions that offer credit cards with a wide variety of reward programs.

Are you looking for the best business Mastercard credit card? Or maybe you’re looking to use one for personal use? To help you find the right one for you, here’s our rundown of the best Mastercard credit cards in Canada for 2021.

Tangerine Money-Back

Tangerine Money-Back is a no-fee credit card that provides money-back rewards for no annual fee!

This card offers a limited-time promotion:

  • Upon approval, you’ll earn 15% back (up to $150) when you spend up to $1,000 in everyday purchases within your first 2 months.
  • Enjoy a low promotional interest rate of 95% on a transferred balance for 6 months.
    • A Balance Transfer Fee of 1% on the amount transferred will apply.

Users will also have access to these regular perks:

  • Monthly Money-Back Rewards
  • Unlimited Money-Back Rewards
  • Personalized Categories

This credit card’s cash back reward system works like this:

  • Earn 2% Money-Back Rewards in two 2% Money-Back Categories of your choice
  • Earn 0.50% Money-Back Rewards on all your other everyday purchases

World Mastercard Tangerine

World Mastercard Tangerine not only matches many of the same benefits as Tangerine Money-Back, but also delivers more features. It is a cash back, no-fee credit card that stands out for its versatility and robust rewards program.

Upon approval, get access to the great features of this limited-time offer:

  • Earn 15% back (up to $150) when you spend up to $1,000 in everyday purchases within your first 2 months.
  • Low promotional interest rate of 1.95% on that transferred balance for 6 months
  • A Balance Transfer Fee of 1% on the amount transferred will apply.

In addition to this card’s Monthly Money-Back Rewards, Unlimited Money-Back Rewards, and Personalized Categories, card users will also get access to these regular perks:

  • Boingo Wi-Fi for Mastercard
  • Mastercard Travel Rewards
  • On-Demand and Subscription Services
  • Mastercard Airport Experiences Provided by LoungeKey
  • Rental Car Collision/Loss Damage Insurance
  • Mobile Device Insurance

Gain reward points on this card at the following rates:

  • Earn 2% Money-Back Rewards in two 2% Money-Back Categories of your choice
  • Earn 0.50% Money-Back Rewards on all your other everyday purchases

RBC Cash Back Mastercard

The RBC Cash Back Mastercard is a cash back credit card with no annual fee. What’s more, it has no requirement for minimum annual income, making it suitable for a wide range of credit card users.

Benefit with this card’s regular features:

  • Purchase security and extended warranty protection.
  • Load personalized offers for great brands before you shop to get cash savings or to earn bonus RBC Rewards points faster.

Accumulate your rewards automatically and get unlimited cash back on your purchases:

  • Earn up to 2% back on groceries.
  • Link this card to save 3¢/L on fuel and earn 20% more Petro-Points at Petro-Canada.

RBC Cash Back Preferred World Elite Mastercard

The RBC Cash Back Preferred World Elite Mastercard is a cash back reward card that offers great value to users.

For a $99 annual fee, this card offers the following regular perks:

  • Instant Fuel Savings at Petro-Canada
  • Earn more Be Well points at Rexall
  • Stay connected anytime, anywhere with a complimentary Boingo Wi-Fi account: Over 1 million hotspots worldwide and on select airlines with Boingo

Get unlimited cash back on your purchases with automatic accumulation:

  • Earn up to 1.5% cash back on your spending – big or small
  • No limit to what you can get back

BMO® Preferred Rate Mastercard

The BMO® Preferred Rate Mastercard is a low-interest credit card that welcomes new users with a value-packed introduction.

This card has a welcome offer that features:

  • 99% introductory interest rate on balance transfers for 9 months with a 1% transfer fee
  • $20 annual fee waived for the first year

This low interest rate credit card with a 12.99% purchase interest rate provides these ongoing rewards:

  • Worldwide acceptance at over 30 million locations
  • Zero Dollar Liability: protects you from unauthorized use of your credit card
  • Free extended warranty and purchase protection

BMO Rewards Mastercard

The BMO Rewards Mastercard is a no-fee, travel rewards program with a great welcome offer:

  • 99% introductory interest rate on balance transfers for 9 months with a 1% transfer fee
  • Get 10,000 points when you spend $1,000 in the first 3 months

Regular ongoing perks of this card include:

  • Earn faster with additional cardholders
  • Extended Warranty
  • Purchase Protection

Earn rewards points on this card at these rates:

  • Get 1 BMO Rewards point for every $1 spent and redeem them with our most flexible rewards program – merchandise, travel, pay with points and more
  • Get 2 x BMO Rewards points and up to 25% off rentals at participating National Car Rental and Alamo Rent a Car locations

BMO AIR MILES®† Mastercard

The BMO AIR MILES Mastercard is a no-fee, travel rewards credit card that welcomes new users with a great welcome offer:

  • 99% introductory interest rate on balance transfers for 9 months with a 1% transfer fee
  • Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash)

Regular rewards include:

  • Receive a discount on car rentals
  • Extended Warranty
  • Purchase Protection

Earn AIR MILES on this card at these rates:

  • Get 1 Mile for every $25 you spend on your credit card
  • Get 3 Miles for every $25 spent at participating AIR MILES Partners
  • Get 2x Miles points when you show your AIR MILES Card at participating Partners

MBNA True Line® Gold Mastercard

The MBNA True Line® Gold Mastercard credit card gives users the advantage of a low interest rate along with additional rewards. This makes it a great all-round choice for your credit card.

This card offers an 8.99% standard interest rate on purchases, and a 24.99% interest rate on cash advances. Not only that, users of this card have access to these benefits:

  • Save with Avis Rent A Car and Budget Rent A Car
  • Extended warranty benefits
  • Purchase assurance

And, with its $39 annual fee, this card makes for an affordable option to help you with your finances.

We hope you enjoyed this list of the best business Mastercard credit cards. We’re sure that you’ll find just the card you’re looking for on RatemyRewards.ca! Contact us for more information!

Want to find out more about Canada’s best credit card offers? Read our blog to learn about the country’s best credit cards for travel insurance, or read about Canada’s best offers for VISA cards.

†Conditions Apply

Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by our advertising partners.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RatemyRewards.ca © 2021 All rights reserved. Terms and conditions | Privacy Policy | Disclaimer