Mastercard Credit & Debit Card Benefits (2024)

†These are summary descriptions only. Additional terms, conditions and exclusions apply. Contact your issuing financial institution for complete coverage terms and conditions. To file a Price Protection or Extended Warranty claim online, please go to www.mycardbenefits.com.

*Selection of benefits on your card varies by card type and by card issuer. Please refer to your issuing financial institution for complete coverage terms and conditions. If there is any difference between the descriptive language regarding insurance benefits described above and the actual applicable master policy issued by the insurance carrier, the terms and conditions of the policy shall govern. Your card issuer can cancel insurance benefits at any time and must notify you at least sixty (60)days in advance. Coverage will still apply for any benefits you were eligible for prior to the date of such terminations, cancellation or nonrenewal, subject to the terms and conditions of coverage.

1. Certain terms, conditions and exclusions apply. For more information, please refer to your benefits guide or contact your issuing financial institution.

2. Certain terms, conditions and exclusions apply. For full details, please visit: http://www.boingo.com/legal/end-user-license-agreement-boingo-customer-agreement.

3. Offer expires 09/30/2024. New customers who pay for their first annual McAfee Total Protection for Mastercard subscription using an eligible Canada-issued Mastercard credit card will receive a special introductory price on a 13-month subscription term. Customers will also receive 13 months of McAfee TechMate at no additional cost. Limit one offer per cardholder. Unless you cancel your initial 13-month subscription at least 30 days before it expires, you will be charged the renewal subscription price in effect at the time of your renewal, and it will renew automatically for a 12-month term. You can cancel at any time or change your auto-renewal settings by accessing your My Account page. Pricing is subject to change. Mastercard reserves the right to modify or cancel this offer at any time without notice. You may request a refund by contacting McAfee customer support within 30 days of initial purchase or within 60 days of automatic renewal. Neither Mastercard nor any participating financial institution card issuer has any involvement in or responsibility for McAfee’s products or services and are not responsible for any claims or damages arising from the use of the McAfee products and services. Additional terms and conditions apply. Not all features may be available on all devices. For full terms and conditions, visit https://www.mcafee.com/mastercard-en-ca.

4. Certain terms, conditions and exclusions apply.

New User Offer: Get CAD$20 in Ritual voucher credits when you sign up for Ritual using promotional code “MC2020” and use an eligible Mastercard as a form of payment on your Ritual account (the “Offer”). Eligible new users must access the Offer by entering the promotional code “MC2020” during sign-up. Offer is available only to new eligible Ritual signups in Canada. The new user voucher credits will expire if not used within 30days of signing up on Ritual. New users must add and pay with a consumer World or World Elite Mastercard credit card issued in Canada upon sign-up (“Eligible Mastercard”). CAD$20 in new user voucher credits are issued as four staged CAD$5 vouchers. All vouchers must be applied on a minimum pre-tax order value of CAD$10. Eligible new users will receive: (1)a CAD$5 voucher credit upon sign-up, which will be automatically applied when placing their first order; (2)a CAD$5 voucher credit after using their first voucher, which will be automatically applied to their second order; (3)a CAD$5 voucher credit after using their second voucher, which will be automatically applied to their third order, and (4)a CAD$5 voucher credit after using their third voucher, which will be automatically applied to the next order. For any order, if the value of the voucher credit exceeds the value of the order after taxes, the remaining value of the voucher credit will be lost. Voucher credits are redeemable at select participating restaurants, once per restaurant. See in-app for a complete list of participating restaurants. This Offer cannot be combined with any other offers, or with promotional or referral sign-up credits. Promotion subject to change. Additional terms and conditions may apply.

For full details, please visit: www.ritual.co/mastercard.

All Users Offer: Earn 1,000 Ritual Reward points after you place your fifth hot beverage order in the same calendar month using your eligible Mastercard as payment. Ritual Rewards points will not be issued to users who do not use a consumer World or World Elite Mastercard credit card issued in Canada as the form of payment (“Eligible Mastercard”). Orders that are paid for using voucher credits will not be applicable to the count of hot beverages orders. Hot beverages are defined as coffee or tea menu items available for purchase at all restaurants within the Ritual merchant network in Canada. Cannot be combined with any other offers, or with promotional or referral sign-up credits. Promotion subject to change. Additional terms and conditions may apply. For full details, please visit: www.ritual.co/mastercard.

All Users Offer: Eligible users will receive 1.5x the Ritual Reward points on every order when using a consumer World or World Elite Mastercard credit card issued in Canada (“Eligible Mastercard”) as the form of payment. Cannot be combined with any other offers, or with promotional or referral sign-up credits. Promotion subject to change. Additional terms and conditions may apply. For full details, please visit: www.ritual.co/mastercard.

Mastercard Credit & Debit Card Benefits (2024)

FAQs

What are the benefits of a Mastercard debit card? ›

Speed, security and safety with debit Mastercard®

Using a debit Mastercard is a convenient way to manage your finances because funds are deducted directly from your checking account. Having an electronic record of every transaction can be a real time-saver and makes keeping track of what you spend a snap.

What are the benefits of having a Mastercard credit card? ›

Standard benefits
  • Zero fraud liability. You won't be held responsible for fraudulent use of your card.
  • Mastercard Global Service. This is a hotline you can call worldwide. ...
  • ID theft protection. You get free identity theft prevention and response services. ...
  • Booking.com. ...
  • HealthLock.
Apr 12, 2024

What is the difference between Mastercard debit and Mastercard credit? ›

Debit Mastercard is a brand of debit cards provided by Mastercard. They use the same systems as standard Mastercard credit cards but they do not use a line of credit to the customer, instead relying on funds that the customer has in their bank account.

Which is an advantage of both debit and credit cards? ›

Compared to cash, both credit and debit cards offer better expense monitoring and make online purchases easier.

Is it better to have a Visa or Mastercard debit card? ›

On entry level cards, there is very little difference between Visa and Mastercard, as both provide a similar suite of basic features. However, Mastercard includes impressive special luxury offers on its World and World Elite level cards, which can be attractive for big spenders.

What are 5 pros of using a debit card? ›

Benefits of Using a Debit Card
  • Convenience. ...
  • Security. ...
  • No Incurred Debt or Interest. ...
  • Few or No Fees. ...
  • Holds You Accountable for All Spending. ...
  • Makes It Easier To Stick To Your Budget. ...
  • May Offer Perks or Rewards. ...
  • Credit Score Doesn't Matter.
Mar 9, 2023

What places don't take Mastercard? ›

Mastercard is not accepted at certain stores and merchants that only take cash, such as vendors at a local fair. Mastercard is also not accepted at retail chains that have an exclusive agreement with another card network. For example, Costco accepts Mastercard only for online purchases.

Why is Mastercard better than Visa? ›

Visa and Mastercard are the two largest card networks in the world, accepted in more than 200 countries and territories. Mastercard credit cards are more widely accepted internationally, while Visa cards tend to offer more benefits. But for most consumers, there is no practical difference between Visa and Mastercard.

Is A Mastercard Safer Than A Visa? ›

Which is more secure? Both Visa and Mastercard offer zero fraud liability for all cards, which means that any user who is victim to fraud, theft, or breach of data will not be liable for the lost money. Both networks are generally considered to be secure, but use different methods for securing your data.

Is my MasterCard debit card also a credit card? ›

The answer is yes and no. You can choose “credit” rather than “debit” at the register in many cases, but that doesn't mean your debit card actually acts as a credit card. To better understand the answer, let's look at the differences between these types of cards. A credit card lets you pay with a line of credit.

Where can I use my MasterCard debit card? ›

You can use your MasterCard® anywhere that a MasterCard® is accepted: restaurants, retail stores, supermarkets, airlines, hotels, etc. This card can be used in over 14.5 million locations worldwide.

Can a MasterCard debit card be used as a credit card? ›

Yes, using a debit card as credit to make purchases online can be done if the card has the Visa or Mastercard logo on it.

What are 2 disadvantages of debit cards? ›

Disadvantages of a Debit Card
  • You can't charge purchases with a promise to pay later: One of the benefits of credit cards is that you can make charges now with a plan to pay off the balance later. ...
  • Large purchases can be a hassle: Some debit cards have spending limits that can complicate efforts to make large purchases.

Is it better to use your credit card or debit card? ›

Credit cards often offer better fraud protection

With a credit card, you're typically responsible for up to $50 of unauthorized transactions or $0 if you report the loss before the credit card is used. You could be liable for much more for unauthorized transactions on your debit card.

Can someone use my debit card without my PIN? ›

If you don't have proper security measures in place and the criminal obtains your debit card information, they can use it for fraudulent online or over-the-phone transactions. These types of transactions don't require a PIN or signature, making the criminal's job easier.

Does Mastercard debit card give you protection? ›

Whether paying online, in stores, in apps or using a device, Mastercard provides valuable security benefits to help keep you protected. Mastercard is giving cardholders the peace of mind to make more secure digital payments.

What places accept MasterCard debit? ›

Is Mastercard accepted everywhere? Yes, Mastercard is accepted almost everywhere you can use a credit or debit card. Millions of merchants in more than 210 countries and territories take Mastercard. And that includes more than 10.7 million retailers in the U.S. alone.

What is the difference between US debit and Mastercard debit? ›

Unlike US Debit, the Visa (or Mastercard) Debit option does not usually require a PIN and therefore will not prompt the cardholder for PIN entry. The transaction is instead authorized with a signature. This selection borrows money from the card issuer and is routed through Visa or Mastercard's network.

Is a Debit Mastercard free? ›

There's no annual card fee for your Debit Mastercard, however account keeping fees may apply.

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