Canada’s 10 best Mastercard credit cards for 2021 + MORE May 16th

Thinking about applying for OSAP? You’ve come to the right place. Also known as the Ontario Student Assistance Program, this student financial aid program may help you out with post-secondary costs.
With college and university tuition fees rising faster than inflation in recent years, it’s wise to research student loans, like OSAP. Many students and parents struggle to pay these costs upfront. Tuition for undergraduate programs vary, but the average tuition was $6,580 for the 2020/2021 academic year, according to Statistics Canada. Add on school materials and commuting costs (don’t forget laundry, food and so on), AND you could be looking at spending upwards of $30,000 for a four-year program, possibly doubling or nearly tripling that number if you move move into residence or off-campus housing.
Here’s what students and parents need to know about applying for OSAP, how much financial aid you might get, and how to make sure you are eligible for the student loan.
What is OSAP and am I eligible for it?
While the Government of Canada does offer financial aid for students in need, OSAP works in conjunction with the federal loans and grants programs…

As one of the top credit card companies in the world, Mastercard is extremely popular and also widely accepted. For those already banking at BMO Bank of Montreal, a major Canadian bank that’s associated with Mastercard, these cards may offer all the perks you’re after, along with opportunities to “double dip” on rewards or loyalty programs. Whether you’re looking to earn points or cash, travel more or keep your interest rates down, chances are there’s a Mastercard for you on this list. (Want to consider other options? Browse our full list of the best credit cards in Canada.)
The best Mastercard credit cards in Canada

Card
Rewards / Features
Annual fee

Tangerine Money-Back
(get more details)*

2% cash back in up to 3 spending categories
0.5% on everything else

$0

Rogers World Elite
(get more details)

3% cash back on USD purchases (0.5% after FX fees)
1.5% on everything else

$0

BRIM Financial Mastercard
(get more details)*

1 pt/$1 on everyday purchases
No FX fees
Get bonus points at eligible retailers
1 pt = 1% in cash back

$0

PC Financial World Elite
(get more details)*

45 pts/$1 at Shoppers Drug Mart
30 pts/$1 at Loblaws banner stores
10 pts/$1 on everything else
10 pts = 1% in savings

$0

MBNA Rewards Platinum Plus
(get more details)*

2 pts/$1 on groceries, gas and dining†
1 pt/$1 on everything else
1 pt = 1% in travel rewards

$0

BMO World Elite
(get more details)*

3 pts/$1 on travel, dining and entertainment
2 pts/$1 on everything else
Airport lounge access
1 point = 0…

Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balance monthly and find the right rewards program for you, and you are sure to come out ahead. There’s a slew of credit card options out there, and it can be challenging to find the best deal—but this list of best credit cards in Canada is here to help. We’ve highlighted the best in 13 different categories so that you can zero in on the ones that fit your spending habits, and offer features you truly value. Remember, this “best credit cards” ranking is the starting point; the final decision is yours to make. 

Get matched with the best credit cards for you in under 2 minutes with Ratehub.ca
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*Cards will be exclusively from Ratehub.ca partners. You can find MoneySense’s top editorial picks below…