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? ›

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 benefits do you get with Mastercard? ›

Benefits can range from perks like zero liability protection to 24/7 concierge service and curated offers. While higher Mastercard tiers come with additional benefits, they are often also associated with higher annual fees.

Why is my MasterCard gift card being declined when I have money? ›

If you have sufficient funds to cover the purchase, you were most likely declined due to security and safety measures meant to protect your Gift Card funds. Use your Card in person or at a different online merchant, and ensure to include the card security code.

How do I claim on my Mastercard insurance? ›

Call 1-800-MASTERCARD to request a claim form. You must report the claim within sixty (60) days of the failure or the claim may not be honored. Submit the following documentation within one hundred and eighty (180) days from the date of failure or the claim may not be honored: - Completed and signed claim form.

What are 3 benefits of 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 is the difference between a Mastercard debit card and a Mastercard credit card? ›

This new Debit Mastercard is an ATM card, i.e. a debit card and not a credit card, even if you can use it to make payments to all Mastercard merchants. Whenever you pay using this card, the amount will be immediately debited from the account.

Why is my debit Mastercard declining? ›

Your card may be declined for a number of reasons: the card has expired; you're over your credit limit; the card issuer sees suspicious activity that could be a sign of fraud; or a hotel, rental car company, or other business placed a block (or hold) on your card for its estimated total of your bill.

Who doesn't accept 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.

How to check how much money is on a MasterCard debit card? ›

How do I check my Visa or Mastercard balance over the phone?
  1. Call the toll-free number 855-660-6847.
  2. Press Option #2 from the menu.
  3. Enter in your 16-digit card number when prompted.
  4. Enter in your 3-digit security code (CVV) when prompted.

How do I check my Mastercard benefits? ›

Mastercard Global Service®

File a claim, check your claim status, generate a car rental Coverage Eligibility Letter and learn more about your Mastercard insurance and services benefits at www.mycardbenefits.com.

How do I check my card benefits? ›

You can check your credit card benefits by accessing the summary of benefits document on your card issuer's website or by calling your card's customer service line.

What does Mastercard cover? ›

Peace of mind

You don't have to worry when you use your Mastercard credit card because it's covered by Zero Liability protection, whether you pay in a store, over the phone or online.

What is the point of a Debit Mastercard? ›

Using a debit Mastercard to manage your finances is more convenient as funds are immediately deducted from your transaction account. Having an electronic record of every transaction the moment you make it can be a real time saver, and makes keeping track of what you spend a snap.

Which is better Visa debit or Mastercard debit? ›

Although Mastercard and Visa cards are accepted almost everywhere in the globe, Visa cards have a few more advantages. Even with a Visa card at the most basic level, you can access advantages like stolen or lost card reporting, urgent card replacement, emergency cash disbursem*nt, roadside dispatch, and zero liability.

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 9488 times.

Why does my debit card have Mastercard? ›

Is it a debit card or a credit card? It's a debit card. Your new card has the Mastercard and Interac logos to highlight that you can make purchases at merchants that use these networks.

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