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 is the benefit of 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 some benefits of Mastercard? ›

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 are the benefits of using a credit card vs debit card? ›

Credit cards are safer to carry than cash and offer stronger fraud protections than debit. You can earn significant rewards without changing your spending habits.

What are 3 things that are different about credit and debit cards? ›

Advertiser Disclosure
Credit cardDebit card
Likely charged interest if you don't pay your bill in full every month by the due dateNo interest charges
Can be used to make purchases even if you don't have cash on handTypically need money in your bank account to make purchases
4 more rows
Aug 14, 2023

How does a debit card benefit you? ›

Using a debit card may prevent you from making large, impulse purchases that you can't afford. They don't charge interest. Since debit card payments take money out of your account right away, you don't accumulate a balance that you have to pay interest on. This is a key difference between a credit card and debit card.

How does a Mastercard debit card work? ›

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.

How do I check the benefits of my debit card? ›

Features and Benefits of Debit Cards
  1. Access to money : With more than 2 Lakhs ATMs across India, you have instant access to your account 24x7. ...
  2. Rewards for shopping : ...
  3. Protection & Insurance : ...
  4. Contactless cards : ...
  5. EMI Facility : ...
  6. Keep Track of Your Expenses :

What is the main benefit of a credit card? ›

Building credit, earning cash back and benefiting from fraud protection are just a few of the many advantages of using credit cards.

How is Mastercard better than Visa? ›

Benefits comparison: Visa vs. Mastercard. 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 is a benefit of using a debit or credit card instead of cash? ›

Zero Debt. Paying cash isn't the only way to avoid debt. Debit card users can experience some of the benefits of using a credit card while avoiding potential credit hiccups. For example, there's no chance of accruing interest or debt since there is no balance to carry from month to month.

What is the difference between a MasterCard and a debit card? ›

Key points about credit and debit cards

A debit card is linked to your bank account. It's usually your money that you're spending or withdrawing, unless you have an overdraft, which is a type of credit linked to your account. A credit card is a standalone account giving you access to a pre-agreed credit limit.

What is the use of a debit card? ›

How do debit cards work? When you open a checking account at a bank or credit union, you usually get a debit card. A debit card lets you spend money from your checking account without writing a check. When you pay with a debit card, the money comes out of your checking account immediately.

What are five major differences between credit and debit? ›

Key Differences Between Debit and Credit

They are accounting entries that record financial transactions. A debit is an entry representing an increase in assets or a decrease in liabilities. At the same time, a credit is an entry representing a decrease in assets or an increase in liabilities.

What are two 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.

What are the three rules of debit and credit? ›

Before we analyse further, we should know the three renowned brilliant principles of bookkeeping:
  • Firstly: Debit what comes in and credit what goes out.
  • Secondly: Debit all expenses and credit all incomes and gains.
  • Thirdly: Debit the Receiver, Credit the giver.

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 is the difference between a debit card and a Mastercard? ›

Debit and credit cards both allow cardholders to obtain cash and make purchases. Debit cards are linked to the user's bank account and limited by how much money is in there. Credit cards provide the user with a line of credit that they can borrow against as needed and pay back later.

What is the limit on a MasterCard debit card? ›

For your protection, daily debit card transactions are limited to $1,000 in ATM withdrawals and $1,500 in transactions, providing the funds are available in the account. This answer has been viewed 9434 times.

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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