MasterCard Canada

MasterCard Canada is one of the best and safest ways of making purchase payments across Canada and all over the world. MasterCard credit card Canada offers unique features to enhance the shopping experience of the user. Furthermore, the card is issued by some of the most prominent financial institutions in the nation, such as MBNA Canada, Citibank, National Bank, Bank of Montreal, HSBC and Capital One, which further validates the card’s credibility.

MasterCard Canada is one of the best and safest ways of making purchase payments across Canada and all over the world. MasterCard credit card Canada offers unique features to enhance the shopping experience of the user. Furthermore, the card is issued by some of the most prominent financial institutions in the nation, such as MBNA Canada, Citibank, National Bank, Bank of Montreal, HSBC and Capital One, which further validates the card’s credibility.

MasterCard Canada: Features

The features typical of the MasterCard credit card Canada are determined by the policy of the issuing bank. Some of the common features available with most MasterCard Canada credit cards include:

• Emergency services for reporting lost or stolen credit cards.
• Replacement of cards, in cases of emergencies.
• Automatic bill payment facility, which allows cardholders to make monthly payments. Cardholders can also preauthorize a merchant to deduct a specific amount. Cardholders also get loyalty and reward points on such transactions.
• Instant cash access at a global network of ATMs spread over 210 countries.

• Optional MasterCard RoadAssist service, which offers 24 hour emergency services, such as towing, gas supply and mechanical assistance.
• Zero liability, which protects the cardholder from fraudulent transactions.

MasterCard Canada: Major Types and Issuers

A variety of MasterCard Canada credit cards, offered by different banks, complicates the process of finding the ideal card. In fact, the best way to opt for MasterCard Canada is to either go with the trend or select one according to your need. Financial institutions offer credit cards segregated on the basis of the profile of the applicants. Students can opt for the student version of MasterCard Canada. Business owners can choose from the array of business credit cards, while people who do not have a sound credit history can opt for the prepaid credit card. Applicants can also choose from low rate cards or ones that offer cash backs and other types of rewards.

Some of the popular MasterCard Canada credit cards, along with their interest rates and annual fees, are given below:

Low Rate Guaranteed Capital One MasterCard

• AIR and Balance transfer rate of 14.9%
• Interest rate of 19.8% applicable on cash advances
• Annual fee of $79

BMO Cash Back MasterCard

• Select from the No Fee and Premium version that entails an annual fee of $49
• Ongoing APR is equal to 19.5%

BMO Air Miles credit card

• Choose from the silver (no fee), bronze (annual fee of $35) and platinum (annual fee of $99) versions of the Air Miles credit card.
• The silver and bronze cards have a fixed APR of 19.5%, while the Platinum card has a variable APR of 19.8%.

HSBC MasterCard with Travel and Merchandise or Cashback

• Annual fee of $35
• Fixed APR of 19.9%

MBNA Best Western MasterCard

• No annual fee
• Fixed APR of 19.9%

National Bank Platinum MasterCard

• Introductory rate of 3.9% on balance transfers for six months
• Annual fee of $125
• Fixed APR of 19.5%

‘MasterCard Canada’ is the trademark of MasterCard Worldwide, who can be found at www.mastercard.com

Further Resources

• Black Mastercard
• HSBC Mastercard
• Mastercard Business (Mastercard Corporate)
• Mastercard Security (Mastercard Protection)
• Prepaid Mastercard
• Visa Mastercard (Visa Master Card, Visa)