COSTCO READY Updated May 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 If a service is outdated, we flag it.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.

Smart Filter
Auto-updates
$
Annual Fee
$199 $0
1st yr Fee Waived
Purchase 21.99%
Cash Adv. 23.99%
BMO Bank of Montreal BMO Bank of Montreal
Best For [ Travel Rewards ] [ Premium ] [ Rewards ]
BMO VIPorter World Elite Mastercard
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
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 21.99%
Cash Advance APR 23.99%
Annual Fee $199
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Credit Score Good/Excellent
Annual Fee
$150 $0
1st yr Fee Waived
Purchase 20.99%
Cash Adv. 22.49%
National Bank of Canada National Bank of Canada
Best For [ Travel Rewards ] [ Premium ]
National Bank World Elite Mastercard
Est. 1st Yr Value: $1076
1st Yr Free
Welcome Bonus: Up to 35,000 points and first year fee waiver ($1,052 total value)
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 20.99%
Cash Advance APR 22.49%
Annual Fee $150
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Credit Score Good/Excellent
Annual Fee
$89 $0
1st yr Fee Waived
Purchase 21.99%
Cash Adv. 23.99%
BMO Bank of Montreal BMO Bank of Montreal
Best For [ Travel Rewards ] [ Rewards ]
BMO VIPorter Mastercard
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 2.5%
Personal Income N/A
Household Income N/A
Credit Score Good/Excellent
Annual Fee
$150 $0
1st yr Fee Waived
Purchase 21.99%
Cash Adv. 23.99%
BMO Bank of Montreal BMO Bank of Montreal
Best For [ Travel Rewards ] [ Balance Transfer ] [ Premium ]
BMO Ascend World Elite Mastercard
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
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 21.99%
Cash Advance APR 23.99%
Annual Fee $150
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Credit Score Good/Excellent
Annual Fee
$120 $0
1st yr Fee Waived
Purchase 21.99%
Cash Adv. 23.99%
BMO Bank of Montreal BMO Bank of Montreal
Best For [ Cash Back ] [ Balance Transfer ] [ Premium ]
BMO CashBack World Elite Mastercard
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
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 21.99%
Cash Advance APR 23.99%
Annual Fee $120
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Credit Score Good/Excellent
Annual Fee $139
Purchase 20.99%
Cash Adv. 22.99%
RBC Royal Bank RBC Royal Bank
Best For [ Travel Rewards ]
WestJet RBC World Elite Mastercard
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
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 20.99%
Cash Advance APR 22.99%
Annual Fee $139
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Credit Score Good/Excellent
Add. Card Fee $59.00
Annual Fee $120
Purchase 21.99%
Cash Adv. 22.99%
MBNA Canada MBNA Canada
Best For [ Travel Rewards ] [ Premium ] [ Rewards ]
MBNA Rewards World Elite Mastercard
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
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
Purchase APR 21.99%
Cash Advance APR 22.99%
Annual Fee $120
Foreign Tx Fee 2.5%
Personal Income $80,000
Household Income $150,000
Balance Transfer 22.99
Add. Card Fee $50.00
Annual Fee
$125 $0
1st yr Fee Waived
Purchase 20.99%
Cash Adv. 22.99%
National Bank of Canada National Bank of Canada
Best For [ Travel Rewards ] [ Business ] [ Rewards ]
National Bank Platinum Business Mastercard
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 2.5%
Personal Income N/A
Household Income N/A
Credit Score Good/Excellent
Add. Card Fee $50.00
Annual Fee
$120 $0
1st yr Fee Waived
Purchase 20.99%
Cash Adv. 22.99%
ATB Financial ATB Financial
Best For [ Travel Rewards ] [ Premium ] [ Newcomer ]
ATB World Elite Mastercard
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
View Offer
ELIGIBILITY
Personal Inc: $80,000
Household Inc: $150,000
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 Good/Excellent
Add. Card Fee $35.00
Annual Fee $150
Purchase 20.99%
Servus Credit Union Servus Credit Union
Best For [ Cash Back ] [ Travel Rewards ] [ Premium ]
World Elite® Mastercard®
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 2.5%
Personal Income N/A
Household Income N/A
Credit Score Good/Excellent
Add. Card Fee $40.00
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.

Match Me

Answer 3 simple questions. Our AI finds your perfect card instantly.

I'll Browse

Filter 120+ cards by bank, annual fee, rewards type, and more.

RATEBUDDY PRO TIP #HACK

Timing Your Welcome Bonus

Planning a big purchase (like a laptop or renovation)? Open a new card *before* you buy. That one large expense can instantly trigger a welcome bonus worth $300+.

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.

RateBuddy.ca
Hello, Stranger.

Find Your Perfect Credit Card.

Your wallet deserves an upgrade.

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.

A cash advance occurs when you withdraw cash from an ATM using your credit card or transfer funds from the card to a bank account. These transactions typically incur a fee (e.g., $5) and interest starts accruing immediately (no grace period), often at a higher rate than purchases.

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.

Major networks like Visa, Mastercard, and Amex have 'Zero Liability' policies. This generally means that cardholders are not held responsible for unauthorized transactions if they have taken reasonable care of their card and PIN, and report the loss or theft promptly to the issuer.

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.

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.