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WalletHub Best Mastercard Rewards Credit Cards
WalletHub makes it easy to find the best Mastercard rewards credit card for you
Mastercard rewards credit cards offer points, miles or cash back on every purchase and are available to people of all credit levels. Credit cards in the Mastercard rewards program (some of which are issued by WalletHub partners) also provide some important secondary perks. This may include benefits such as travel insurance, price protection and extended warranties. Plus, you’ll enjoy worldwide acceptance as well as low currency conversion rates on international purchases.... show more
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Best Mastercard Rewards Credit Cards
- Rates & FeesNo Annual Fee: Citi® Double Cash Card – 18 month BT offerCiti® Double Cash Card – 18 month BT offerLearn MoreLearn Moreon issuer's website
- Small Business: Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit cardBank of America® Business Advantage Customized Cash Rewards Mastercard® credit cardLearn MoreLearn Moreon issuer's website
- Building Credit: Capital One QuicksilverOne Cash Rewards Credit CardCapital One QuicksilverOne Cash Rewards Credit CardLearn MoreLearn More
- Rebuilding Credit: Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn More
MASTERCARD REWARDS
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- 20,000 miles initial bonus
- Unlimited 1.25 miles per $1 on every purchase
- Miles are redeemable for any travel-related expense on your bill
- 0% intro APRs
- No annual fee
- Balance transfer fee
- Potential for a very high regular APR
- $200 initial bonus
- 1.5% cash back on all purchases
- No annual fee
- 0% intro APR on purchases and balance transfers
- Potential for a very high interest rate
- Balance transfer fee
- Requires good/excellent credit
- No membership fees
- 0% intro APR on balance transfers
- No balance transfer fee
- High rewards rate
- No intro APR on purchases
- $200 initial bonus
- High rewards rate
- $0 annual fee
- 0% intro APR on purchases and balance transfers
- High regular APR
- Balance transfer fee
- Requires good/excellent credit
- Offers 2% cash back
- $0 annual fee
- Multiple redemption options
- Low intro APR on balance transfers
- 3% foreign transaction fee
- No initial rewards bonus
- No membership fees
- 0% intro APR on purchases
- High rewards rate
- 15,000 points initial rewards bonus
- No balance transfers allowed
- High regular APR
- Requires good/excellent credit
- High rewards rate
- Bonus rewards categories
- Qualify with bad credit
- Does not require security deposit
- High membership fees
- High regular APR
- Foreign fee
- $200 initial bonus
- $0 annual fee
- Up to 5% cash back
- 0% introductory APRs
- Bonus rewards limit
- High regular APR
- Foreign transaction fee
- Up to 5% back on Walmart purchases
- No annual fee
- No foreign transaction fee
- No promotional financing offers
- Above-average regular APR
- No membership fees
- 0% intro APR on purchases
- 0% intro APR on balance transfers
- High rewards rate
- Spending caps on rewards
- Balance transfer fee
- High regular APR
- Foreign fee
Best Mastercard Rewards Credit Cards of 2023
Mastercard reward card is a fairly vague term, which can refer to two very different types of plastic. For starters, there are credit cards on the Mastercard network that reward you for each purchase. Mastercard gift cards are sometimes referred to as reward cards, too, especially when you get them by redeeming credit card rewards or through some sort of incentive program. A Mastercard debit card with rewards could also qualify, but debit card rewards are largely a thing of the past.We don’t recommend using Mastercard (or Visa) gift cards because they charge fees that can eat away at your balance. Furthermore, some retailers’ gift cards are pretty much as good as cash – Amazon.com, for example.
Rewards Mastercard credit cards are another story, though. Some of the market’s best rewards credit cards are on the Mastercard network. So you could very well miss out on a great deal if you don’t at least consider them.
To help you find the right Mastercard rewards for your particular needs, WalletHub’s editors compared all of the qualifying offers in our database of 1,000+ cards. And we selected the top picks in the most popular categories.
Best Mastercard Rewards Credit Cards Comparison
| Card Name | Best For | Annual Fee | Type of Rewards | Min. Credit Required |
| Citi® Double Cash Card – 18 month BT offer | No Annual Fee | $0 | Cash Back | Good |
| Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card | Small Business | $0 | Cash Back | Excellent |
| Capital One QuicksilverOne Cash Rewards Credit Card | Building Credit | $39 | Cash Back | Limited History |
| Capital One Quicksilver Secured Cash Rewards Credit Card | Rebuilding Credit | $0 | Cash Back | Bad |
Clearly, your credit card choice will depend on your credit standing. So make sure to check your latest credit score early in the process. You can also compare your favorite rewards Mastercard to the top Visa rewards cards to make sure you get the best terms.
About the author
John Kiernan has covered the credit card industry for more than 10 years as a writer and editor for WalletHub. His work has been featured by major media outlets such as The Washington Post and The New York Times and has been cited by industry regulators such as the Consumer Financial Protection Bureau. Read Full Author Bio
Best Mastercard Rewards Credit Cards FAQ
Comparing mastercard rewards can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered.show more
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How do I redeem Mastercard reward points? Reply
The Mastercard reward points redemption process depends on the card. But keep in mind that rewards points are offered by the credit card issuers, not by Mastercard or any other network. So, cardholders will need to follow the instructions for their specific card issuer’s rewards program. Most of the time, it’s possible to redeem points through the cardholder’s online account, mobile app, or through a dedicated rewards website run by the issuer. It’s also often possible to redeem points over the phone.
How to Redeem Mastercard Points Online
- Log in to your online account with your user ID and password.
- Find the accounts page and click the rewards tab.
- Select your redemption option.
- 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.
More info regarding Mastercard reward points
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.
Does Mastercard have a rewards program? Reply
Yes, Mastercard does have a rewards program. The Mastercard rewards program does not give points, cash back, or miles, however. But 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 with your card’s issuer directly, or simply try registering your card through Mastercard Online Rewards...
How do Mastercard reward points work? Reply
The Mastercard reward points work by offering cardholders rewards for purchases in the form of points. Then, these points can usually be redeemed for travel, merchandise, cash back, or gift cards. However, the points you earn are not determined by Mastercard, but by your credit card issuer (like Capital One or Bank of America). Mastercard is simply a card network (like Visa) that dictates where your credit card can be used.
Assuming you’re in...
What does Mastercard car rental insurance cover? Reply
Mastercard rental car insurance covers physical damage or theft of an eligible rental vehicle, as well as loss-of-use charges, towing costs and late drop-off charges. Typically, Mastercard car rental insurance covers up to $50,000 or the price of the vehicle. To be eligible for this coverage, charge the entire car rental bill to your covered Mastercard credit card when you make the reservation and reject the insurance offered by the rental agency. The rental must...
Featured Credit Cards
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