Best Mastercard Rewards Credit Cards

You can redeem Mastercard reward points through your online account with the bank or credit union that issued your Mastercard, using the issuer's mobile app, or over the phone. Reward points are offered by card issuers, not by Mastercard, so you will need to follow the instructions for your specific credit card company.

How to Redeem Mastercard Points Online

1. Log in to your online account with your user ID and password.
2. Find the accounts page and click the rewards tab.
3. Select your redemption option.
4. Redeem your rewards.

Typically, you can redeem Mastercard reward points for a variety of different things, like cash back/statement credits, travel, gift cards, merchandise, charitable donations, exclusive experiences, and more. However, some issuers’ redemption options are more limited than others.

How Mastercard Redemption Options Affect Point Value It’s important to keep in mind that the value of your points may depend on the redemption option. For example, you might get 1 cent per point toward travel but 0.5 cents per point toward cash back, or vice versa, depending on the card. So, if you want to maximize your rewards, you should redeem Mastercard reward points for the options that give you the highest value per point.

It’s also a good idea to redeem often. Issuers have the power to devalue points (make them worth less) at any time, and some points expire after a certain amount of time.

Yes, Mastercard does have a rewards program. The Mastercard rewards program does not give points, cash back, or miles, however. However, eligible cardholders may be able to redeem rewards earned from their credit card’s issuer through Mastercard Online Rewards.

The redemption options include gift cards, merchandise, travel expenses, and more. Not all Mastercard cardholders are eligible, though. You can check if your card is eligible through the card’s issuer directly or by registering your card through...

Mastercard reward points are designed to incentivize cardholders by awarding them points for their credit card purchases. These points can usually be redeemed for travel, merchandise, cash back, or gift cards.

However, the rate at which points are earned are determined by your card issuer and card type, and not by Mastercard. Mastercard is simply a card network (like Visa) that dictates where your credit card can be used.

Assuming you’re in the market...

The best type of Mastercard is a World Elite Mastercard credit card that offers top-tier rewards on your most common purchases. World Elite is the highest Mastercard benefits level, so the cards have valuable built-in perks such as travel insurance, purchase and price protection, and concierge service. You will need good or excellent credit to qualify for most of these cards, though.  

The JetBlue Plus Card is WalletHub’s pick for the best World Elite Mastercard. The card comes...

You can use your Mastercard rewards credit card everywhere that accepts cards on the Mastercard network. This means you can use your Mastercard rewards credit cards virtually everywhere in the world.

Some Mastercard rewards credit cards do not charge a foreign transaction fee, which means you won’t incur extra charges for international purchases.

Notable Mastercard Rewards Credit Cards

For more options, you can also take a look at our editors’ latest picks for the best...

Yes, a rewards Mastercard is typically a credit card that lets you earn rewards and is supported by the Mastercard network. But Mastercard also has several other types of payment cards on its network that sometimes carry rewards, including debit cards, prepaid cards, and gift cards.

One of the best rewards Mastercard credit cards is the Citi Double Cash® Card. This card offers 2% cash back on every purchase (1% when you buy and 1% as you pay for those purchases), plus 5% total cash back on hotel, car rentals and attractions booked with Citi Travel. The Citi Double Cash Card has a $0 annual fee and requires at least good credit for...