With 4 out of the big 5 banks in Canada preferring to issue Visas over Mastercards, it feels like Mastercard doesn’t get the recognition for producing some of the best credit cards in Canada.

The top Mastercards, like the best Visa cards, are usually either World or World Elite cards.

That means you need a $60,000 personal or $100,000 household income to qualify for a World card. For World Elite cards, it’s $80,000 personal or $150,000 household income you need. That’s definitely something to keep in mind.

Both World and World Elite cards usually come with an annual fee ranging from $100 to $150, but they make up for it with all the perks and benefits that they offer. If you spend more than $1,200 per month on your card, the increased fee will be more than paid for the increased rewards you earn. All the other benefits are just a bonus.

One thing that is included with the World and World Elite cards is the Mastercard Priceless Cities. This benefit comes with invitations to exclusive events in cities all over the world, so if you travel a lot this benefit alone could be enough to make you want to pick one of these cards.

Like many other premium cards, the World and World Elite Mastercards come with concierge service. That’s right. 24/7 access to 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.

It doesn’t stop there, however. The best Mastercard credit cards on the market also offer a number exclusive offers to events, upgrades and experiences.

Comprehensive insurance is also given to cardholders, allowing them to shop, travel, and rent cars with confidence. One more thing Mastercard World and World Elite cardholders do not need to worry about.

If you do find yourself in trouble though, Master Global Service is there to offer you emergency help virtually at anytime, anywhere in the world, and in any language.

With all the security, benefits and perks offered by these Mastecard cards, the only thing you really need to worry about is picking the best one.

Top 10 Mastercard Rankings

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.

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