The best Mastercard credit cards in Canada for 2024 + MORE Oct 18th

Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.

Latest News

Bank fees for non-sufficient funds will be capped at $10—but not until next March Mar 21st

Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges. The updates, included in an order-in-council last week (March 12), cap non-sufficient funds fees at $10 for personal deposit.... More »

The best GIC rates in Canada for 2025 Jan 28th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigat.... More »

RESP vs. RRSP and TFSA: What’s the best option for education savings? May 13th

Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »

The best high-interest savings accounts in Canada for 2024 + MORE Nov 19th

Savings comparison tool Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »

Can Santander take on Canada’s Big Six? Why the global bank may face hurdles + MORE Dec 18th

It’s not every day, or even every decade, that a big foreign bank decides to have a go at Canada’s retail banking market. But Spain’s Banco Santander—which has already shown an ability to attract customers, with more than 168 million of them worldwide—is poised to be among the few that .... More »

Making sense of the markets this week: October 20, 2024

– moneysense.ca

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.

U.S. investment banking is back

It was quarterly earnings time for the big U.S. banks again this week, and all six banks beat earnings expectations. All figures below are in U.S. dollars.

U.S. bank earnings highlights

JPMorgan (JPM/NYSE): Earnings per share of $4.37 (versus $4.01 predicted). Revenue of $43.32 billion (versus $41.63 billion predicted).

Bank of America (BAC/NYSE): Earnings per share of $0.81 (versus $0.77 predicted). Revenue of $25.49 billion (versus $25.30 billion predicted).

Wells Fargo (WFC/NYSE): Earnings per share of $1.52 (versus $1.28 predicted). Revenues of $20.37 billion (versus $20.42 billion predicted).

Morgan Stanley (MS/NYSE): Earnings per share of $1.88 (versus $1.58 predicted). Revenues of $15.38 billion (versus $14.41 billion predicted).

Citigroup (C/NYSE): Earnings per share of $1…

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The best Mastercard credit cards in Canada for 2024

– moneysense.ca

Credit card comparison tool

Compare Mastercard credit cards available in Canada using our interactive tool below. You can filter cards based on rewards value, annual fees, income requirements and more.

The best Mastercard credit cards in Canada

Mastercard is one of the three major payment processing networks in Canada, along with Visa and American Express. And although Mastercard doesn’t issue its own credit cards, it has partnered with card issuers like banks and other financial institutions that do. So, you can easily find a Mastercard that caters to your needs, regardless if you want travel points, cash back, low interest or perks. Let’s look at the best-of-the-best that Mastercard has to offer.

Mastercard credit cardHighlightsDetailsEligibility requirementsBMO CashBack World Elite MastercardGO TO SITE*Award: Best cash back MastercardBest feature: 5% cash back on groceries and 4% back on transit Annual fee: $120Rewards: 1% to 5% cash backInterest rates: 20…

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