Porter Purchases
3.0 pts/$1
COSTCO READY
Updated Jul 2026
Mastercards
From Costco acceptance to World Elite perks, explore the best Mastercards available.
CREDIT CARD
ratebuddy.ca
Data Driven Algorithmic Integrity
We deploy rigorous data analysis to index and score the market. Our recommendations are derived from raw data, ensuring zero bias from advertiser influence.
You Are The Priority
We strive to be the smartest financial friend you have. Our goal is to save you money, not upsell you junk.
How We Stay Free
Ads pay the bills, but our Math runs the show. See our "No-Nonsense" Disclosure
FULL TRANSPARENCY
Platform Integrity & Transparency Standards
A comprehensive overview of our business model, data ethics, and commitment to unbiased service.
The Reality Check
RateBuddy is free for you to use, but it does cost money to run. To cover our expenses, we earn revenue through advertisements and sponsorship placements. This means our partners often compensate us when you click a link or apply for a product through our site. Importantly, this does not change our product ratings, rankings, reviews, or opinions. We strive to show you the most options possible so you can make informed decisions.
Our Total Loyalty Commitment
Our obligation to you supersedes any business relationship. This applies to everything we do—from the code that sorts rates to the advice in our guides. If a product has excessive fees, we expose them. If a service is outdated, we flag it. We are built to be your advocate, ensuring you always have the full, unvarnished picture.
We Can't Cover Everything
While we strive to scan the entire market, the financial world is massive. We might not list every single credit union or local bank in existence. However, we work tirelessly to present the most competitive offers available in Canada.
Our Editorial Independence
Our opinions are our own. If a card has a terrible fee, we’ll tell you. If a bank has a glitchy app, we’ll warn you. Our loyalty is to your wallet, because if you don't trust us, you won't come back. And we really want you to come back.
Compare Top Rated Mastercards
Comparing results based on your preferences.
Auto-updates
Annual Fee
$199
$0
1st yr Fee Waived
Purchase
21.99%
Cash Adv.
23.99%
BMO Bank of Montreal
Best For
[
Travel Rewards
]
[
Premium
]
[
Rewards
]
Est. 1st Yr Value: $1507
1st Yr Free
Welcome Bonus: Up to $2,400 in value including 70,000 VIPorter points and a round-trip companion pass
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
First-Year Fee Waived
•
Car Rental Collision/Loss Damage Waiver
+6 more
Purchase APR
21.99%
Cash Advance APR
23.99%
Annual Fee
$199
Foreign Tx Fee
—
Personal Income
$80,000
Household Income
$150,000
Credit Score
—
Annual Fee
$150
$0
1st yr Fee Waived
Purchase
20.99%
Cash Adv.
22.49%
National Bank of Canada
Best For
[
Travel Rewards
]
[
Premium
]
Est. 1st Yr Value: $1076
1st Yr Free
Welcome Bonus: Up to 35,000 points and first year fee waiver ($1,052 total value)
Purchase APR
20.99%
Cash Advance APR
22.49%
Annual Fee
$150
Foreign Tx Fee
—
Personal Income
$80,000
Household Income
$150,000
Credit Score
—
Annual Fee
$89
$0
1st yr Fee Waived
Purchase
21.99%
Cash Adv.
23.99%
BMO Bank of Montreal
Best For
[
Travel Rewards
]
[
Rewards
]
Est. 1st Yr Value: $869
1st Yr Free
Welcome Bonus: Up to $1,800 in value including 40,000 VIPorter points and a 35% off flight voucher
Highlights:
Travel Medical Insurance
•
First-Year Fee Waived
•
Car Rental Collision/Loss Damage Waiver
•
Extended Warranty Insurance
+6 more
Purchase APR
21.99%
Cash Advance APR
23.99%
Annual Fee
$89
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Annual Fee
$150
$0
1st yr Fee Waived
Purchase
21.99%
Cash Adv.
23.99%
BMO Bank of Montreal
Best For
[
Travel Rewards
]
[
Balance Transfer
]
[
Premium
]
Est. 1st Yr Value: $806
1st Yr Free
Welcome Bonus: Up to $1,600 in value
Balance Transfer: 0% Balance Transfer for 12 months (2% transfer fee).
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
First-Year Fee Waived
•
Mobile Device Insurance
+6 more
Purchase APR
21.99%
Cash Advance APR
23.99%
Annual Fee
$150
Foreign Tx Fee
—
Personal Income
$80,000
Household Income
$150,000
Credit Score
—
Annual Fee
$120
$0
1st yr Fee Waived
Purchase
21.99%
Cash Adv.
23.99%
BMO Bank of Montreal
Best For
[
Cash Back
]
[
Balance Transfer
]
[
Premium
]
Est. 1st Yr Value: $641
1st Yr Free
Welcome Bonus: Up to $650 in value
Balance Transfer: 0% Balance Transfer for 12 months (2% transfer fee).
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
First-Year Fee Waived
•
Introductory 0% APR on Balance Transfers
+4 more
Purchase APR
21.99%
Cash Advance APR
23.99%
Annual Fee
$120
Foreign Tx Fee
—
Personal Income
$80,000
Household Income
$150,000
Credit Score
—
Annual Fee
$139
Purchase
20.99%
Cash Adv.
22.99%
RBC Royal Bank
Best For
[
Travel Rewards
]
Est. 1st Yr Value: $622
Welcome Bonus: Get up to 45,000 WestJet points, that's a value of up to $450 off travel.
Highlights:
Free Checked bag
•
Mobile Device Insurance
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Tx Fee
—
Personal Income
$80,000
Household Income
$150,000
Credit Score
—
Add. Card Fee
$59
Annual Fee
$120
Purchase
21.99%
Cash Adv.
22.99%
MBNA Canada
Best For
[
Travel Rewards
]
[
Premium
]
[
Rewards
]
Est. 1st Yr Value: $605
MBNA Rewards
Welcome Bonus: Up to 30,000 Bonus Points (approx. $245 cash value)
Highlights:
Travel Medical Insurance
•
Mobile Device Insurance
•
Car Rental Collision/Loss Damage Waiver
•
Flight Delay Insurance
+1 more
Purchase APR
21.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Tx Fee
—
Personal Income
$80,000
Household Income
$150,000
Balance Transfer
22.99%
Add. Card Fee
$50
Annual Fee
$125
$0
1st yr Fee Waived
Purchase
20.99%
Cash Adv.
22.99%
National Bank of Canada
Best For
[
Travel Rewards
]
[
Business
]
[
Rewards
]
Est. 1st Yr Value: $600
1st Yr Free
More Rewards
Welcome Bonus: Up to 60,000 points and first-year annual fee rebate.
Highlights:
First-Year Fee Waived
•
Car Rental Collision/Loss Damage Waiver
•
Extended Warranty Insurance
•
Purchase Security Insurance
+4 more
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$125
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Add. Card Fee
$50
Annual Fee
$120
$0
1st yr Fee Waived
Purchase
20.99%
Cash Adv.
22.99%
ATB Financial
Best For
[
Travel Rewards
]
[
Premium
]
[
Newcomer
]
Est. 1st Yr Value: $569
1st Yr Free
ATB My Rewards
Welcome Bonus: 40,000 points ($200 value) + First-year fee waived
Highlights:
Airport Lounge Access
•
First-Year Fee Waived
•
Mobile Device Insurance
•
Purchase Security Insurance
+1 more
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$120
Foreign Tx Fee
2.90%
Personal Income
$80,000
Household Income
$150,000
Credit Score
—
Add. Card Fee
$35
Annual Fee
$150
Purchase
20.99%
Servus Credit Union
Best For
[
Cash Back
]
[
Travel Rewards
]
[
Premium
]
Est. 1st Yr Value: $460
Welcome Bonus: Receive 25,000 Servus Circle Rewards points with a new Servus World Elite Mastercard — a value of $250.
Balance Transfer: 3.99% Promotional Balance Transfer Rate.
Highlights:
Airport Lounge Access
•
Travel Medical Insurance
•
Car Rental Collision/Loss Damage Waiver
•
Trip Cancellation/Interruption Insurance
+5 more
Purchase APR
20.99%
Cash Advance APR
—
Annual Fee
$150
Foreign Tx Fee
—
Personal Income
—
Household Income
—
Credit Score
—
Add. Card Fee
$40
Showing 10 of 30 cards
RateBuddy
Math. Not Marketing.
We calculate the true value to save you every penny.
Data-Driven Logic
Rankings based on hard numbers (fees vs rewards), not advertising budgets.
100% Unbiased
We highlight the "gotchas" and fees just as clearly as the perks.
Direct & Secure
No data harvesting. We send you straight to the bank's secure official site.
Priceless Experiences & Perks
From everyday shopping flexibility to elite travel benefits, Mastercard offers a diverse range of card tiers tailored to your life.
Costco Acceptance Advantage
In Canada, Mastercard is currently the only credit card network accepted at Costco warehouses and gas stations. For the millions of Canadians who shop there, carrying a Mastercard is essential to avoid paying by debit or cash. This exclusive acceptance makes Mastercard a staple in many wallets, ensuring you can earn rewards on your bulk grocery and fuel purchases.
Global Connectivity
Many World Elite Mastercards include free membership to Boingo Wi-Fi, keeping you connected at over 1 million hotspots worldwide. This includes Wi-Fi on many airlines, in airports, and in urban centers. For travelers, this benefit saves on roaming data charges and keeps you connected to work and family while on the move. It is a modern perk that adds tangible value to your travel experience.
Priceless Cities Program
Unlock access to Mastercard’s "Priceless Cities" program, offering exclusive experiences unavailable to the general public. This includes concert ticket presales, reserved tables at top-tier restaurants, and curated cultural tours in major cities around the globe. It transforms your credit card from a payment tool into a key that opens doors to memorable events and VIP treatment.
RATEBUDDY TOOLKIT
Crunch The Numbers
See exactly how much you can save, earn, or pay off.
Explore the Ecosystem
Discover more ways to save, earn, and optimize your wallet.
Not sure what you need?
Explore other possibilities.
Credit Cards is great, but sometimes a different card fits your lifestyle better. Use our Smart Finder to see what else you qualify for.
Cash Back
Earn money on daily spend.
Travel Rewards
Best for frequent flyers.
SPEC SHEET
Find best cards by features:
Filter our database by the specific perks and coverages that matter to you.
ISSUERS
Browse by Bank & Issuer:
Filter our database to see offers from specific Canadian financial institutions.
LOYALTY PROGRAMS
Browse by Reward Program:
Already collect points? Find the card that accelerates your existing balance.
PAYMENT NETWORKS
Browse by Network:
Filter by Visa, Mastercard, or Amex acceptance.
CARD LEVELS
Browse Cards by Tier:
From entry-level options to exclusive black cards. Find the eligibility level that fits you.
KNOWLEDGE BASE
Frequently Asked Questions
Common questions about Compare Top Rated Mastercards Cards and financial strategy.
Disclaimer: Information is for educational purposes only and does not constitute financial or legal advice. Terms subject to change by issuers.
It might. Cancelling an older card reduces your 'Average Age of Accounts,' which is a factor in your credit score. It also reduces your total available credit, which could increase your utilization ratio. If the card has no annual fee, it is often better to keep it open and use it occasionally to keep the history active.
If a transaction pushes you over your limit, the issuer may decline the transaction or, in some cases, accept it and charge an 'Over-Limit Fee' (typically around $29). Exceeding your limit can also negatively impact your credit score. It is best to keep balances well below your limit.
Contactless payments use encryption technology similar to Chip & PIN transactions. Limits are typically placed on the amount allowed per tap (e.g., $100-$250) to minimize risk. If a thief exceeds this limit, a PIN is required. You are also protected by the issuer's Zero Liability policy for fraudulent tap transactions.
It can be, depending on your usage. Premium cards with annual fees often come with higher reward earn rates, comprehensive insurance, and perks like lounge access. If the value of the rewards and benefits you utilize exceeds the cost of the fee, the card may offer a positive net value.
An authorized user is someone you add to your account (like a spouse or child) who gets their own card. The primary cardholder is fully responsible for all debt incurred by the authorized user. It can be a way to help someone build credit habits, but legal liability remains with the primary account holder.
Still have questions?
Visit our Financial Education Hub
FINANCIAL WELLNESS
Tools & Resources
Master your money with our suite of free calculators and guides.