Both Visa and Mastercard have their own top-tier category of credit cards – Visa Infinite and World Elite, respectively.

We’ve reviewed the Visa Infinite side of things already, and now it’s time to take a closer look at what Mastercard has to offer.

Related: A Showdown Between World Elite Mastercard And Visa Infinite

The benefits of having a World Elite Mastercard

With nearly all World Elite Mastercards, you’ll get access to:

Mastercard World Experiences

If you have a World or a World Elite Mastercard, you’ll get preferred access to all sorts of valuable offers and complimentary upgrades through Mastercard World Experiences.

You can take advantage of these offers, like upscale hotel benefits, through Mastercard Access.

Mastercard World Elite Priceless Cities

Mastercard Priceless Cities allows you to pick and choose from an array of inspirational experiences and once-in-a-lifetime opportunities from all over the world or closer to home.

Here are some examples of what’s available:

Mastercard Priceless Cities example options

Mastercard World Elite concierge service

Concierge service is perhaps one of the most underrated perks that come with most premium credit card offerings.

Just by calling your concierge service, you’ll get help from a real person when making restaurant or hotel reservations, ordering flowers, making business arrangements, and much more.

It’s like having a personal assistant…but free.

Related: The Ins and Outs of Credit Card Concierge

Airport lounge access

Most World Elite Mastercards have lounge access included for all their Mastercard Airport Experiences lounges.

Benefits can range from basic membership to basic membership plus up to 4 free passes.

Cirque du Soleil

As an official partner of Cirque du Soleil, Mastercard cardholders have access to exclusive perks, such as:

  • backstage access,
  • the opportunity to attend “Cirque Camp”,
  • a 15% discount on Canadian shows (and discounts on Las Vegas shows),
  • preferred seating,
  • presale tickets, and
  • premiere nights.

World Elite downsides

With all the amazing perks you can get with these cards, there must be some kind of catch, right?

Depending on your financial situation, it may be hard for you to qualify. You’ll need a personal income of at least $80,000 or $150,000 household, which makes these credit cards pretty inaccessible for many Canadians.

And with annual fees ranging from $0 to $199 (with an average of $110), this might feel quite steep to some people.

The best World Elite Mastercards in Canada

Interested in becoming part of the World Elite?

Here are our top picks for the best World Elite Mastercards in Canada.

World Elite Mastercard Annual fee Welcome Bonus Apply Now
BMO AIR MILES World Elite Mastercard $120 (first year free) Up to 3,000 AIR MILES (terms) Apply Now
Alaska Airlines World Elite Mastercard $99 30,000 Alaska Airline miles (terms) Apply Now
BMO CashBack World Elite Mastercard $120 (first year free) 5% cash back for the first 3 months, up to $4,000 in spending (terms) Apply Now
National Bank World Elite Mastercard $150 (first year free after qualifying spending) None Apply Now
Rogers World Elite Mastercard None $25 Apply Now

The best: BMO Air Miles World Elite Mastercard

If you want the absolute best World Elite credit card, look no further than the .

For a reasonable $120 annual fee (which is waived the first year), this card comes with premium perks like:

  • free access to Mastercard Airport Experiences Provided by LoungeKey,
  • 2 complimentary lounge passes annually, one of the only 2 World Elite credit cards to do so (visits are typically $32 USD per visit), and
  • access to 24/7 credit card concierge service.

But what really stands out with this card is its insurance coverage. In fact, it has one of the most comprehensive packages you can get with 14 out of 16 types in total.

On top of getting the first year free, you’ll receive a welcome bonus of up to 3,000 AIR MILES – worth over $600 when redeemed for travel.

For earn rates, you’ll get 1 AIR MILE per $10 spent on everything, which is the most out of any other personal AIR MILES card on the Canadian credit card market right now. Plus, get double that at National and Alamo car rental locations.

With 1 mile being worth up to 20 cents when redeemed for travel, you can get an average return of up to 2.02%.

Another great standout perk this card offers is its 15% discounts on all AIR MILES flight redemptions, allowing you to stretch out your miles even more.

It’s also our top pick for shopping at Costco.

Get all the details here:

Related: BMO AIR MILES World Elite Credit Card Review

Honourable mentions

Coming hot after the are these honourable mentions. If you’re not an AIR MILES collector, these credit cards are great alternatives.

Alaska Airlines World Elite Mastercard

For the travel bug, the is truly a hidden gem. Its famous companion flight voucher alone makes this card worth its annual fee and then some.

Don’t let the card name fool you – it’s not just ideal for people living in Alaska. You can use your points with any one of Alaska Airlines 18 airline partners, like British Airways, Cathay Pacific, and Japan Airlines – just to name a few.

And with an annual fee lower than most World Elite Mastercards ($99 instead of the common $120), you’re looking at even more valuable savings.

Related: How To Maximize The Alaska Airlines Mileage Plan Program

BMO Cashback World Elite Mastercard

Giving you a flat earn-rate of 1.5% on absolutely all purchases, the is our top cash back World Elite selection.

This card will give you a welcome bonus of 5% cash back on all purchases for your first 3 months, up to $4,000 spent. That’s a potential for up to $200 in rewards.

And with an insurance package that’s nothing to sneeze at, you’re sure to get the most out of your purchases with this card.

Related: BMO CashBack World Elite Mastercard Review – A Card For More Than Just Rewards

National Bank World Elite Mastercard

With one of the best insurance packages out there, the may not seem like an obvious choice, but there’s lots of value to be found with this card.

Starting with the earn rates, you’ll get tiered rewards based on your annual spending:

  • 1.5 points on your first $40,000 in purchases, then
  • 2 points per $1 spent on your next $40,001 to $80,000 in purchases, and
  • back to 1.5 points per $1 spent after $80,001 in purchases.

There’s also the unique feature of receiving up to $250 in fee reimbursements:

  • $100 for parking fees,
  • $50 for seat selection fees, and
  • $100 for baggage check-in fees.

Not to mention you’ll be covered by 10 out of 16 types of purchase and travel insurance, including 15 days of emergency medical coverage for people over 65.

Rogers World Elite Mastercard

Please note that this information will soon be out of date. On June 2nd, 2020 all Rogers Mastercards will see significant changes: Rogers Mastercards Hit With Major Downgrades.

The Rogers World Elite Mastercard is the only no fee Mastercard to make it onto our list.

With this card, you’ll earn:

  • 1.75% cash back on all purchases,
  • 2% cash back on Rogers products and services, and
  • 4% cash back on all purchases in a foreign currency.

If Rogers is one of your service providers, this card could be worth looking into.

And there you have it

With some of the more unique credit card perks, like Cirque du Soleil perks, World Elite Mastercards have a lot going for them.

What do you think? Do you prefer Visa Infinite benefits, or are you a World Elite fan?

Let us know in the comments below.