Best credit cards by category
The Best Mastercard Credit Cards
These 3 credit cards are among the best Mastercard credit cards in Canada!
Here is a table summarizing the different offers. For more details, read on or click on the name of a card.
HSBC World Elite® Mastercard®
The HSBC World Elite® Mastercard® is a great credit card with no foreign transaction fees, especially for travel purchases.
For a limited time, you can get:
- Quebec: up to 130,000 points (or $650) with no minimum spend requirement
- Outside Quebec: up to 100,000 points ($550) after $5,000 in Card purchases in 6 months and a First-Year Annual Fee Rebate
Finally, with the HSBC World Elite® Mastercard® you get:
- $100 annual travel credit (for airport lounges, for example)
- Unlimited access to Boingo WiFi hotspots around the world
- 10% discount for hotel bookings on Expedia or Agoda
- Premium insurance for your travels and purchases
Finally, the HSBC World Elite® Mastercard® does not charge any conversion fees for foreign exchange transactions: you save 2.5% for each transaction.
And it’s one of the best credit cards for Costco, earning 3 points per dollar there.
You earn:
- 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
- 3 points per dollar for all other purchases
You can apply your points on any travel purchase charged to your HSBC World Elite® Mastercard® (flights, hotels, Airbnb, all-inclusive, etc.).
But you can also transfer your points to three airline loyalty programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.
National Bank's World Elite Mastercard®
The National Bank’s World Elite Mastercard® is the best credit card from NBC.
For a limited time, you can get a $300 cashback after $4,000 spending in the first three months. And no annual fee the first year (a $150 saving)!
You can earn up to 2 points per dollar in Card purchases, including at Costco.
Besides, you get up to $250 in travel credits per calendar year:
- Airport parking: $100
- Baggage fees: $100
- Seat selection: $50
The National Bank’s World Elite Mastercard® is a credit card to keep, year after year, for several reasons:
- it has one of the best travel and purchases credit card insurance on the market
- up to $250 travel credit per year
- Unlimited access to the National Bank Lounge at Montreal-Trudeau airport
BMO® World Elite®* Mastercard®*
The BMO® World Elite®* Mastercard®* is one of the best Mastercard credit cards with travel points in Canada.
You can get a welcome bonus of 40,000 points (285$ travel value):
- 30,000 points after you spend a minimum of $3,000 within the first 3 months
- an additional 10,000 BMO Rewards points anniversary bonus, 12 months after the Credit Card account open date
In addition, the $120 annual fee is waived in the first year!
With the BMO® World Elite®* Mastercard®*, you get 3 points for every dollar spent on:
- travel
- dining
- entertainment
And 2 points for every dollar you spend, Costco included!
You can redeem your BMO Rewards points on travel booked on the BMO Rewards website (flights, hotels, rental cars, all-inclusive).
The BMO® World Elite®* Mastercard®* also offers:
- 4 complimentary passes to airport VIP lounges
- Premium insurance for your travels or purchases
- Concierge services
Finally, you can combine the points you get with the two other BMO Rewards cards to save even more on your travels!
BMO® AIR MILES® World Elite®* Mastercard®*
With the BMO® AIR MILES® World Elite®* Mastercard®*, you get 2,000 miles after $3,000 in purchases ($210 value). In addition, the $120 annual fee is waived in the first year!
With the BMO® AIR MILES® World Elite®* Mastercard®*, you get 1 mile for every $10 you spend, Costco included.
And it’s the only AIR MILES credit card in Canada to offer a 15% discount on AIR MILES flights within North America with no blackout periods.
The BMO® AIR MILES® World Elite®* Mastercard®* card also offers:
- 2 complimentary passes to airport VIP lounges
- Premium insurance for your travels or purchases
- Double the miles for car rentals with National or Alamo
- Concierge services
MBNA Rewards World Elite® Mastercard®
The MBNA Rewards World Elite® Mastercard® is one of the last credit cards in Canada to offer 2 points per dollar anywhere, including Costco!
This is a 2% return when you redeem your points for travel purchases made to your Card.
The welcome bonus is different in Quebec vs other provinces: between 20,000 and 30,000 points, or $200 to $300!