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Best Mastercard Credit Cards of 2022

Best Mastercard Credit Cards of 2022

The Citi® Double Cash Card – 18 month BT offer is the best Mastercard overall. With no annual fee, this card lets you Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. Citi is an advertising partner.

Best Mastercard Credit Cards of 2022

Along with Visa and American Express, Mastercard is one of the largest and most widely accepted credit card networks in the world. Whether you're looking for a cashback card, a business card or anything else, there's surely an option for you on the Mastercard network. Below, we've highlighted our choices for the best Mastercard credit card offers.

Continue reading for a detailed look at the benefits and features of each Mastercard card. You can also check out our credit card comparison tool at the bottom of the page to see which Mastercard works best for your budget.

Compare the best Mastercard credit cards of 2022

Card
Welcome Offer
Credit Needed
Annual Fee
Rewards
Capital One Savor Cash Rewards Credit Card
Capital One Savor Cash Rewards Credit Card
Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening 660 - 850$95
Not available on ValuePenguin
Cash back
Citi® Double Cash Card – 18 month BT offer
Citi<sup>®</sup> Double Cash Card – 18 month BT offer
For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.660 - 850$0
Apply Now
On Citibank's Secure Website
Travel
Citi® / AAdvantage® Platinum Select® World Elite Mastercard®
Citi<sup>®</sup> / AAdvantage<sup>®</sup> Platinum Select<sup>®</sup> World Elite Mastercard<sup>®</sup>
Earn 50,000 American Airlines AAdvantage® bonus miles after $2,500 in purchases within the first 3 months of account opening660 - 850$99, waived for first 12 months
Not available on ValuePenguin
Compare all cards

Welcome Offer

Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening
For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.

Credit Score Needed

660 - 850
660 - 850

Annual Fee

$95
$0
Not available on ValuePenguin
Apply Now
On Citibank's Secure Website

Best Mastercard for rewards

Capital One Savor Cash Rewards Credit Card

Generic art
Not available on ValuePenguin

Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

$95

17.49% - 25.49% (Variable)

660 - 850

  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services, 3% at grocery stores (excluding superstores like Walmart® and Target®) and 1% on all other purchases 
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more

  • Great rewards rates for dining, entertainment, streaming services and groceries
  • $95 annual fee
  • Not a great choice if you don't spend significantly in their specific categories

The Capital One Savor Cash Rewards Credit Card is an excellent option for people who spend significantly on dining and entertainment. For a $95 annual fee, you’ll Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases. Otherwise, you'll be better off with a $0 annual fee Mastercard like the Citi® Double Cash Card – 18 month BT offer.

Top rewards rate on dining and entertainment

With the Capital One Savor Cash Rewards Credit Card, you'll earn one of the highest available rewards rates on dining and entertainment purchases at 4% cash back. A comparable non-Mastercard card would be the American Express® Gold Card, which also lets you Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), and 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com. Terms apply. However, it comes with a much higher annual fee of $250, making this Capital One Mastercard reward card the better option.

For rates and fees of American Express® Gold Card, please click here.


Best Mastercard for cash back

Citi® Double Cash Card – 18 month BT offer

On Citibank's Secure Website

For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.

$0

16.99% - 26.99% (Variable)

660 - 850

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 16.99% - 26.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

  • $0 annual fee
  • Simple and valuable rewards structure
  • No rotating categories to manage
  • APR of 0% for 18 months on Balance Transfers (then a 16.99% - 26.99% (Variable) APR applies)
  • Other cashback cards offer higher rewards rates for specific categories

The Citi® Double Cash Card is an excellent Mastercard cashback card for people who value simplicity. For $0 annual fee, you'll Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Most other flat-rate cashback cards typically only offer 1.5% back on purchases.

No rotating categories to manage

One of the best features of the Citi® Double Cash Card – 18 month BT offer is that it offers a strong rewards rate on all purchases without you needing to activate rotating bonus categories. With the Discover it® Cash Back and Chase Freedom Flex℠, for example, you'll have to activate the bonus categories every quarter to earn bonus cash back on purchases. In addition, both cards have a $1,500 cap on the purchases you can earn rewards on each quarter. The Citi® Double Cash Card is a better option if you'd prefer a simple card.

Competitive

The Citi® Double Cash Card also comes with an intro APR of 0% for 18 months on Balance Transfers, then a 16.99% - 26.99% (Variable)APR thereafter. This rate gives you the flexibility to take your time paying off a large debt.


Best Mastercard credit card for travel

Citi® / AAdvantage® Platinum Select® World Elite Mastercard®

Generic art
Not available on ValuePenguin

Earn 50,000 American Airlines AAdvantage® bonus miles after $2,500 in purchases within the first 3 months of account opening

$99, waived for first 12 months

18.99% - 27.99% (Variable)

660 - 850

  • Earn 50,000 American Airlines AAdvantage® bonus miles after $2,500 in purchases within the first 3 months of account opening
  • Earn 2 AAdvantage® miles for every $1 spent at gas stations and restaurants, and on eligible American Airlines purchases
  • Earn 1 Loyalty Point for every 1 eligible AAdvantage® mile earned from purchases
  • Earn a $125 American Airlines Flight Discount after you spend $20,000 or more in purchases during your card membership year and renew your card
  • No Foreign Transaction Fees
  • First checked bag is free on domestic American Airlines itineraries for you and up to four companions traveling with you on the same reservation
  • Enjoy preferred boarding on American Airlines flights

  • Solid sign-up bonus
  • Decent rewards rate
  • American Airlines travel benefits
  • Annual fee is waived for the first 12 months
  • You have to pay an annual fee after the first 12 months

Whether you're a loyal American Airlines customer or only fly the carrier a few times a year, the Citi® / AAdvantage® Platinum Select® World Elite Mastercard® is a great Mastercard travel card for earning airline miles. With this card, you’ll receive a competitive sign-up bonus, and you'll also Earn 2 AAdvantage® miles for every $1 spent at gas stations and restaurants, and on eligible American Airlines purchases.

Travel benefits on American Airlines

The Citi® / AAdvantage® Platinum Select® World Elite Mastercard® is a great option if you value perks while flying. On any American Airlines itinerary, you'll get preferred boarding, a 25% discount on eligible in-flight food and beverage purchases and one free checked bag for you and up to four companions. The checked bag benefit alone offers savings of $120 on baggage fees on a round-trip flight for you and a partner.


Best Mastercard for groceries

Capital One SavorOne Cash Rewards Credit Card

On Capital One's Secure Website

Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening

$0

17.99% - 27.99% (Variable)

660 - 850

  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 17.99% - 27.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee

  • Excellent rewards rates for specific categories
  • $0 annual fee
  • Nice sign-up bonus
  • APR of 0% intro on purchases for 15 months; 17.99% - 27.99% (Variable) APR after that
  • APR of 0% intro on balance transfers for 15 months; 17.99% - 27.99% (Variable) APR after that. 3%
  • Foreign transaction fees: None
  • Not the best choice if you don't spend significantly in these specific categories

The Capital One SavorOne Cash Rewards Credit Card allows cardmembers to Earn unlimited 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats. That hefty 3% cash back will really start to add up from weekly grocery visits, especially if you're buying groceries for the whole family.

All-around solid card

With a $0 annual fee, a nice sign-up bonus, an APR of 0% intro on purchases for 15 months; 17.99% - 27.99% (Variable) APR after that, AND no foreign transaction fees, this is a solid card for people who are looking to be rewarded for high spending on groceries and dining out.


Best Mastercard credit card for college students

Deserve® EDU Mastercard for Students

On Deserve's Secure Website

Up to $59 in statement credits for Amazon Prime Student when you spend $500 within the first three statements

$0

20.99% Variable

0 - 850

  • Receive one year of Amazon Prime Student on Deserve after your first purchase with your new Deserve EDU Mastercard (Lifetime Value of $59).
  • Earn 1% Cash Back on all purchases with your Deserve EDU Mastercard. Once approved, you'll automatically start earning cash back on all purchases.
  • Feel secure with cell phone protection up to $600.
  • No deposit required. No annual fees.
  • No international transaction fees on purchases abroad so you can travel with confidence.
  • No Social Security Number required for international students to apply.
  • Refer A Friend Program: Refer anyone to Deserve using your personal referral code. Upon approval, card activation and use, you'll receive $30 and so will your referral. Referral bonuses are unlimited!
  • Manage and track your spending, set automatic payments and securely freeze your card all through one easy to use app.
  • See if you prequalify with no impact to your credit score in minutes.
  • Deserve Mastercards are issued by Celtic Bank, Member FDIC.
  • Enjoy Mastercard Platinum Benefits intended to make your life easier like Mastercard ID Theft Prevention™ and Master Rental®.

  • $0 annual fee
  • Solid earning rate for a student card
  • A free year of Amazon Prime Student
  • No SSN required to apply
  • Foreign transaction fees: None
  • Cell phone protection up to $600
  • No sign-up bonus

College students are often looking for a starter credit card to help them build good credit while they're still in school and their funds are limited. That's where the Deserve® EDU Mastercard for Students comes in. This card lets you Earn 1% unlimited cash back on ALL purchases with a $0 annual fee. That solid earning rate ranks this card among the best Mastercards for students. If you use it regularly enough, that cash back can really start to add up.

One year of Amazon Prime Student

New cardmembers will receive Up to $59 in statement credits for Amazon Prime Student when you spend $500 within the first three statements with your EDU card. That's a pretty great deal and can end up saving students tons of money throughout the year. With Amazon Prime Student, you'll get free one-day delivery, access to Prime Video and more.

No SSN required to apply

The Deserve® EDU Mastercard for Students is a great option for international students, since you don’t need a Social Security number to apply. It also offers a suite of useful benefits, such as no foreign transaction fees and cell phone protection up to $600. The only thing lacking with this card is a welcome bonus, but we feel that its other perks make up for it.


Best Mastercard for bad credit

Capital One Platinum Secured Credit Card

Generic art
Not available on ValuePenguin

No bonus

$0

28.49% (Variable)

0 - 600

  • No annual or hidden fees. See if you're approved in seconds
  • Building your credit? Using the Capital One Platinum Secured card responsibly could help
  • Put down a refundable security deposit starting at $49 to get a $200 initial credit line
  • You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app

  • Automatically considered for a higher credit line in six months
  • $0 annual fee
  • Foreign transaction fees: None
  • Requires a security deposit
  • No sign-up bonus
  • No rewards

The Capital One Platinum Secured Credit Card is a no-frills card for people who are trying to rebuild their credit. A refundable minimum security deposit of $49, $99 or $200 is required for this card, but once you make your deposit you'll get an initial credit line of $200. You'll also be automatically considered for a higher credit line in as little as six months.

$0 annual fee

One of the best (and only) perks of the Capital One Platinum Secured Credit Card is that it doesn’t charge an annual fee. It also doesn't charge any foreign transaction fees, which can be nice if you frequently travel abroad.

No sign-up bonus or other significant perks

This card doesn’t include a sign-up bonus or any rewards whatsoever on spending. While this can be a turn-off for prospective cardmembers, it's important to remember that the primary goal of a secured credit card is to build or repair bad credit. This type of card gives you the opportunity to establish beneficial spending habits so you can eventually graduate to an unsecured credit card.


Best Mastercard for small businesses

Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card

Generic art
Not available on ValuePenguin

$300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening.

$0

See Terms

720 - 850

  • Get a $300 statement credit online bonus after you make at least $3,000 in net purchases in the first 90 days of your account opening – with no annual fee and cash rewards don't expire.
  • Earn 3% cash back in the category of your choice, 2% cash back on dining purchases and unlimited 1% cash back on all other purchases.
  • You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
  • Redeem your cash back as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
  • Earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% in your selected choice category and up to 3.5% on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.

  • $0 annual fee
  • Great rewards for business purchases
  • Bank of America relationship bonus
  • Other cards offer higher rewards rates in non-business related categories

The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has one of the best rewards rates for business-related purchases, especially for a card with $0 annual fee. You'll Earn 3% cash back in the category of your choice (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter), 2% cash back on dining purchases (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases

Unrivaled rewards for a card with a $0 annual fee

If your business has expenses at gas stations and office supply stores, or one of the other six offered categories, the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card will earn you one of the best rewards rates possible for those purchases. There are other business cards, like the American Express® Business Gold Card, that earn a higher rewards rate, but they often charge an annual fee.

Relationship bonus

One of the best features of the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card is the relationship bonus for small business owners who bank with Bank of America. When you enroll in the Business Advantage Relationship Rewards program, you can qualify for up to an extra 75% cash back. This means that you could earn a rewards rate of up to 5.25% across varying categories.


Best Mastercard for balance transfers

Citi Simplicity® Card

On Citibank's Secure Website

N/A

$0

17.74% - 27.74% (Variable)

660 - 850

  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 17.74% - 27.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • Stay protected with Citi® Quick Lock and $0 liability on unauthorized charges

  • Intro APR of 0% for 21 months on Balance Transfers, then a 17.74% - 27.74% (Variable) APR applies.
  • No late fees or penalty rates
  • $0 annual fee
  • No rewards program

The Citi Simplicity® Card is an excellent choice for people looking to get rid of high-interest credit card debt. While it doesn’t earn rewards, it has one of the longest intro APRs for balance transfers available: 0% for 21 months on Balance Transfers, then a 17.74% - 27.74% (Variable) APR applies.

No unnecessary fees

Aside from the introductory balance transfer period, the Citi Simplicity® Card is great because it never charges late fees or a penalty rate — and there’s also a $0 annual fee. While we suggest always paying your credit card bill on time, it's great to have the added cushion if you're in need of a little flexibility.


Best Mastercard for excellent credit

Citi® / AAdvantage® Executive World Elite Mastercard®

On Citibank's Secure Website

Earn 50,000 American Airlines AAdvantage® bonus miles after spending $5,000 in purchases within the first 3 months of account opening

$450

18.99% - 27.99% (Variable)

660 - 850

  • Earn 50,000 American Airlines AAdvantage® Bonus Miles after spending $5,000 in purchases within the first 3 months of account opening
  • Admirals Club® membership for you and access for up to two guests or immediate family members traveling with you
  • No Foreign Transaction Fees on purchases
  • Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases and 1 AAdvantage® mile for every $1 spent on other purchases
  • Earn 1 Loyalty Point for every 1 eligible AAdvantage® mile earned from purchases
  • First checked bag is free on domestic American Airlines itineraries for you and up to 8 companions traveling with you on the same reservation

  • Solid sign-up bonus
  • Decent rewards rate
  • Great travel perks
  • 0% foreign transaction fees
  • Admirals Club membership
  • High annual fee

The Citi® / AAdvantage® Executive World Elite Mastercard® is a great card for those with 660 - 850 credit.

Incredible travel perks

This card has all the bells and whistles of a premium card, including a stellar sign-up bonus, 0% foreign transaction fees, Admirals Club membership and VIP airport perks. If you frequently fly American Airlines, this card could be extremely useful for you.

High annual fee

This card charges an annual fee of $450. Still, believe it or not, that's actually pretty mild for a premium credit card — not to mention several of the travel perks (especially lounge access) can help offset the annual fee.

Types of Mastercard credit cards

There are several different types of Mastercard credit cards to be aware of when deciding to open a new card. Choosing the right type of Mastercard will depend on what you're hoping to get out of your card and how much you're willing to spend on card membership.

Standard and Gold Mastercard

The Standard and Gold Mastercards are perfect for everyday spending and are widely accepted globally. These cards come with the benefit of added protection, including things like:

  • Zero liability protection
  • Mastercard ID theft protection
  • Mastercard Global Services (allows you to get emergency virtual assistance anytime, anywhere and in any language)

Platinum and Titanium Mastercard

The Platinum and Titanium Mastercards are premium credit cards that offer a host of luxurious perks and benefits unavailable to other cardmembers.

These cards come with the same protections as the Standard and Gold Mastercards, including zero liability protection and Mastercard Global Services, but take things a step further by including a number of other exclusive benefits.

Some of these are specially curated Mastercard offers and benefits ranging from travel to sports and beyond. Also included are Mastercard Privileges, which comprise a range of local and global experiences across dining, travel, retail and entertainment. The only downside is that typically these types of premium cards typically cost more to own.

World Mastercard

The World Mastercard is the best Mastercard for international travel, as it comes with a host of unique travel benefits. Some of the other notable features that come with this card include:

  • Special offers on ride-sharing, food delivery, online shopping and more
  • Additional protections, including global emergency services and cell phone protection
  • Exclusive travel and golf experiences
  • Complimentary professional travel services
  • Dedicated airport concierges
  • Free nights and status upgrades for hotels, rental cars, flights, private jets and much more

World Elite Mastercard

The World Elite Mastercard takes the travel benefits of the World Mastercard and adds the element of luxury.

This premium credit card offers all the travel protections, special offers on things like ride-sharing and food delivery and exclusive travel and entertainment experiences as the other Mastercard categories — and then some.

For example, with the World Elite Mastercard you can get complimentary amenities and upgrades at more than 3,000-plus properties around the globe, like complimentary breakfast for two daily, amenity credits up to $100 and more.

Mastercard benefits

It would be rare to find a vendor anywhere in the world that accepts credit cards that does not accept Mastercard. This makes Mastercard a versatile option when deciding what type of card to get.

Regardless of which Mastercard you choose, rest assured your card will come with a host of helpful security benefits. Some of these include zero liability protection and Mastercard Global Services, which allows you to get emergency virtual assistance any time, anywhere, and in any language.

Depending on your specific Mastercard, you may be eligible for a variety of travel protections and benefits, including:

  • Baggage delay insurance
  • Car rental collision damage waiver insurance
  • Lost or damaged luggage insurance
  • Travel accident insurance
  • Trip cancellation insurance
  • Mastercard Global Services, which grants 24/7 global virtual emergency assistance.

Depending on your particular Mastercard, you may be eligible to receive access to the following special offers:

  • Mastercard Access™ allows you to enjoy exceptional offers from upscale retailers, hotels and resorts, and concerts and events
  • Access to special Mastercard promotions and offers
  • Premier events and offers in varying cities with Mastercard Priceless Cities

Depending on your specific Mastercard, you may be eligible for a number of exclusive travel benefits:

  • Concierge services, which include things like dinner reservations, ticket bookings, locating hard-to-find items, buying and delivering gifts and coordinating business-related arrangements.
  • Luxury travel benefits, which include unique travel experiences, special amenities and world-class travel services, benefits and premium offers, and access to our 24/7 travel advisors.
  • Travel assistance services, which include pre-trip destination information such as visa/passport requirements, immunization and healthcare services, assistance with lost/stolen travel documents and luggage as well as referrals to attorneys, local embassies and consulates if you are traveling more than 100 miles from home.

Which Mastercard is best for me?

The type of Mastercard you choose will largely depend on your personal spending habits and preferences.

  • For example, if you’d rather not pay an annual fee, but still want to earn rewards on your spending, consider the Citi® Double Cash Card , which allows you to do just that.
  • If you're a student with a limited credit history, but still want a card that lets you earn rewards, the Deserve® EDU Mastercard for Students will be the perfect card for you.

Luckily, there is a Mastercard for nearly every type of consumer. Choosing the right card can be daunting, but when you examine where you typically spend the most, making the right choice will become much simpler.

Mastercard FAQs

The best credit card for Mastercard will depend on what you're specifically looking for and what you want to get out of your card. For example, if you're looking for a card with no annual fee that also earns rewards, the Citi® Double Cash Card could be the best Mastercard to apply for.

If you're wondering which is the best, Mastercard or Visa, the truth is that both cards are very similar. Both Visa and Mastercard offer similar benefits, are equally as secure and are widely accepted globally, more so than cards like Discover or American Express. On the whole, Mastercard tends to offer more benefits than Visa, so if extra benefits are your thing, you might take that into consideration when choosing a card.

Of the types of Mastercard available, the most prestigious is the World Elite Mastercard. This card comes with a number of exclusive benefits, including items like travel protections, complimentary upgrades and free nights at luxury hotels, specially curated travel and entertainment experiences and more.

Whether or not your Mastercard charges foreign transaction fees will depend on your specific card. Mastercard offers a number of credit cards that do not charge foreign transaction fees.

Mastercard offers a number of credit cards that do not charge foreign transaction fees. Two examples of the best mastercards with no foreign transaction fees include the Capital One SavorOne Cash Rewards Credit Card and the Deserve® EDU Mastercard for Students. These types of cards are best for international transactions.

Mastercard is one of the world's largest payment networks which also has its own Mastercard-branded credit cards. Mastercard credit cards are accepted all over the world and often come with special perks and benefits for cardholders.

Every Mastercard will look different depending on what type of card it is. However, the one thing all of these cards will have in common is the Mastercard logo in the bottom right hand corner — this consists of two overlapping red and orange circles.

Methodology

To simplify the process of choosing the best Mastercard credit card for your needs, we've analyzed hundreds of credit cards across our ValuePenguin database and major card issuers' sites. We’ve compiled this list of the best Mastercards based on categories that include annual fee, rewards rates, limited time offers, welcome offers and more. None of our selections are influenced by our advertisers.

For rates and fees of American Express® Gold Card, please click here.

The information related to American Express® Business Gold Card, Capital One Savor Cash Rewards Credit Card, Citi® / AAdvantage® Platinum Select® World Elite Mastercard®, Capital One Platinum Secured Credit Card and Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).