Best Mastercard credit cards in Canada for 2019 award seal

While most of the big 5 banks issue Visa cards (except for BMO), nearly all of the other Canadian credit card issuers supply Mastercards in their portfolio, including MBNA, National Bank, Rogers, and Canadian Tire.

Plus, if you shop at Costco, Mastercard is the only credit accepted at their warehouses.

If you want the best, you'll need to get a World or World Elite card, both of which have slightly steep income requirements.

For World cards, you need either a personal income of $60,000 or a household income of $100,000. If it's a World Elite card, that jumps to $80,000 and $150,000 respectively.

These cards usually have annual fees ranging from $75 to $150, and sometimes more.

But, if you spend more than $1,200 per month on your credit card, the increased annual fee more than pays for itself with extra rewards and great benefits.

What are some of these benefits? Glad you asked.

Mastercard Priceless Cities comes with invitations to exclusive events in cities all over the world. These are exclusive events only available to Mastercard cardholders that you won't be able to find anywhere else.

Concierge service is also available on most of these cards, which will give you access to 24/7 help with:

  • dinner reservations at even the hardest restaurants to get into,
  • planning your upcoming Christmas party or your next vacation, or even...
  • doing research to help you find that perfect gift for your special someone.

Plus, with great insurance packages and perks like free lounge passes, you'll also be covered in your travels.

Here's a look at our best choices for Mastercard credit cards for 2019:

Best Mastercard credit card for 2019

At a glance – here are our picks for the reigning Mastercard champions for 2019:

Best Mastercard credit card BMO Air Miles World Elite Mastercard
Best no fee flexible rewards Mastercard MBNA Rewards Platinum Plus Mastercard
Best premium cash back Mastercard BMO CashBack World Elite Mastercard
Best airline rewards Mastercard Alaska Airlines Platinum Plus® Mastercard®

Review all 10 top Mastercards here.

Best Mastercard credit card

If you want the best Mastercard, the is our top choice.

It starts by giving you a sign-up bonus of up to 3,000 miles – 1,000 after you make your first purchase, and another 2,000 after you spend 3,000 in the first 3 months.

Then you'll get a one-time companion flight rebate in the first year. Simply book a flight for 2, and you'll get a rebate on the miles used for one of them. There's no limit to the size of the rebate, you just need to have enough miles to initially pay for both tickets. We value this rebate at 3,000, and we add it to the total welcome bonus for the card.

Plus, you earn one AIR MILE for every $10 spent – the best of any AIR MILES card.

The cherry on top of the sundae? You'll get a 15% discount on the number of miles needed to redeem for a flight within North America.

Add in an extensive insurance package and access airport lounges with Mastercard Airport Experiences provided by LoungeKey, and you've got yourself a terrific credit card.

All for an annual fee of $120 that's waived for the first year.

It's also our Best AIR MILES credit card for 2019, but that's no surprise.

Best no fee flexible rewards Mastercard

Want a flexible rewards travel card that also has no annual fee? The has you covered.

Earn plenty of points on your everyday spending:

  • 2 points per $1 spent on gas, groceries and restaurants (up to $5,000 per year on each category), and
  • 1 point per $1 spent everywhere else.

The points are sure to add up quick. Use them for travel, merchandise, gift cards or even cash statements – the choice is yours.

Plus, enjoy 7 types of travel and purchase protection, including rare rental car accident and personal effects insurance.

For travel rewards and no annual fee, MBNA has you covered.

Best premium cash back Mastercard

Our top pick for cash back Mastercard that offers premium features is the .

Earn a flat rate of 1.5% cash back for all of your purchases. Plus, earn 5% cash back in the first 3 months, on the first $4,000 in spend.

As a bonus, there's no waiting for an annual statement credit to get your rewards – start redeeming once you have $50 built up.

And it doesn't stop there.

Get free roadside assistance to help get you on your way when your vehicle breaks down or you get locked out, a value of $69.

Then, get 13 types of purchase and travel protection, among the very best for not just cash back cards, but any type of credit card as well.

If you like cash back, premium perks, and insurance (of course you do), this is definitely a card to consider.

Best airline rewards Mastercard

The is our top airline rewards Mastercard because it will get you the most value for your airline miles and will allow you to travel around the world.

Earn 1 Alaska Airline mile for every dollar you spend (plus 3x the miles for purchases made with Alaska Airlines). And while that may not seem like much, we value one mile at 2.3 cents each, which gives a terrific return on spending.

As a sign up bonus, you'll get 20,000 miles when you spend $1,000 in the first 3 months.

Use your miles to travel not only with Alaska Airlines but these global carriers as well:

  • American Airlines,
  • British Airways,
  • Cathay Pacific,
  • Emirates,
  • Korean Air,
  • Japan Airlines, and
  • Qantas, to name a few.

With Alaska Airlines, however, you'll get a companion voucher every year, allowing you take someone with you for only $99 USD plus taxes and fees.

Plus with 7 types of travel and purchase insurance, know that you will be covered throughout your voyages.

Compare Mastercard Credit Cards

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

* Conditions apply.

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