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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 cash back or business credit card, there's an option for you on the Mastercard network. Below, we've highlighted our favorite Mastercard offers.
|Capital One® Savor® Cash Rewards Credit Card||Rewards||Excellent/Good||$95||Read Review|
|Citi® Double Cash Card – 18 month BT offer||Cash back||Excellent/Good||$0|
|Citi® / AAdvantage® Platinum Select® World Elite Mastercard®||Airline miles||Excellent/Good||$99, waived for first 12 months||Read Review|
|Secured Mastercard® from Capital One||Limited/Bad/Poor||Limited/Bad/Poor||$0||Not available on ValuePenguin|
|Bank of America® Business Advantage Cash Rewards Mastercard® credit card||Business||Excellent||$0||Not available on ValuePenguin|
|Citi Simplicity® Card - No Late Fees Ever||Balance Transfer||Excellent/Good||$0||Read Review|
Continue reading for a detailed look at the benefits and features of each card. You can also head to our credit card comparison tool at the bottom of the page to see which Mastercard works best for your budget.
Best Mastercard for Rewards
The Capital One® Savor® Cash Rewards Credit Card is an excellent option for people who spend money on dining and entertainment. You'll Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases.
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 rate on dining and entertainment purchases at 4% back. The American Express® Gold Card also lets you Earn 4X Membership Points on Restaurants worldwide, including takeout and delivery. Additionally, 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. However, it comes with a much higher annual fee of $250.
Limited-time offer. Cardholders can continue to earn 4% cash back on streaming service subscriptions (through April 30, 2021).
Worth It for Moderate Spenders
Though the Capital One® Savor® Cash Rewards Credit Card comes with a $95 annual fee, the card is worth it if you spend more than $2,000 per year in the dining and entertainment category and more than $1,000 per year in the grocery store category. Otherwise, you'll be better with a $0 annual fee Mastercard like the Citi® Double Cash Card – 18 month BT offer.
Best Mastercard for Cash Back
The Citi® Double Cash Card – 18 month BT offer is an excellent card for people who value simplicity. For no 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 cash back cards 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 having to activate rotating bonus categories. With the Discover it® Cash Back and Chase Freedom®, for example, you'll have to activate the bonus categories every quarter to earn 5% cash back on purchases. In addition, both cards have a $1,500 cap on the purchases you can earn rewards on each quarter. This works for some people, but the Citi® Double Cash Card – 18 month BT offer is a better option if you'd prefer a simple card.
Competitive 0% for 18 months on Balance Transfers
The Citi® Double Cash Card – 18 month BT offer also comes with an intro APR of 0% for 18 months on Balance Transfers, then a 13.99% – 23.99% (Variable) APR thereafter. Although we advise to always pay off your balance in full, this rate gives you the flexibility to take your time paying off a large purchase. Plus, you'll benefit from the card's excellent rewards even after the introductory period ends.
Best Mastercard for Earning Airline Miles
Whether you're a loyal American Airlines customer or you fly the carrier a few times a year, the Citi® / AAdvantage® Platinum Select® World Elite Mastercard® is a great choice for earning airline miles. With the card, you'll Earn 2 AAdvantage® miles for every $1 spent at gas stations, 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 inflight food and beverage purchases and one free checked bag for you and up to four companions. The checked bag benefit alone is a savings of $120 on a round-trip flight for you and a partner.
Decent Welcome Bonus for New Cardmembers
As with all good rewards cards, the Citi® / AAdvantage® Platinum Select® World Elite Mastercard® offers a competitive welcome bonus to new cardmembers: Earn 50,000 American Airlines AAdvantage® bonus miles after $2,500 in purchases within the first 3 months of account opening.
Best Mastercard for Small Business Owners
The Bank of America® Business Advantage Cash Rewards Mastercard® credit card has one of the best rewards rate on business-related purchases, especially for a card with $0 annual fee. You'll earn Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases. You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
Unrivaled Rewards for a Card with $0 Annual Fee
If your business has expenses at gas stations and office supply stores, or one of the other six categories, the Bank of America® Business Advantage Cash Rewards Mastercard® credit card will earn you one of the best rewards rate possible on those purchases: Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases. You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter. Other business cards, like the American Express® Business Gold Card, earn a higher rewards rate but charge an annual fee.
One of the best features of the Bank of America® Business Advantage 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 an extra 25% to 75% cash back. This means that you could potentially earn a 5.25% rewards rate on gas station and office supply store purchases.
Best Mastercard for Balance Transfers
The Citi Simplicity® Card - No Late Fees Ever is an excellent choice for people looking to get rid of high-interest credit card debt. The card offers one of the longest intro offers for balance transfers available: 0% for 18 months on Balance Transfers, then a 14.74% - 24.74% (Variable) APR applies.
No Unnecessary Fees
Aside from the introductory balance transfer period, the Citi Simplicity® Card - No Late Fees Ever is great because it will never charge you any late fees and penalty rates. There is also $0 annual fee. While we suggest to always pay your credit card bill on time, it's great to have the added cushion if you make a mistake and forget to submit a payment.
The one downside to the Citi Simplicity® Card - No Late Fees Ever is that it doesn't earn rewards on purchases. If you want a balance transfer card that also earns rewards, you'll have to sacrifice the length of the 0% APR period. One option for this would be the Discover it® Balance Transfer where you can earn 5% back on rotating categories that you activate each quarter.