What Are Credit Unions
First, let’s define what is a credit union. A credit union acts as the big banks but reinvest its money into its members. Every client at a credit union is a board member of the company, they own a part of it and vote on important issues. They are a financial cooperative which has for objective to share profit between all board members. Credit unions are independent, locally controlled by its member, and focus on the community.
Credit Unions VS Banks
The first difference between a credit union and a bank is the business model. A credit union’s business model is based on non for profit as they reinvest the profit made into the communities they focus on. Compared to a bank where their board of directors are paid and acts as shareholders, in a credit union the board of directors are usually volunteers who act all as equal members. One disadvantage with a credit union is that it is not open to everyone like a bank. Credit unions only accept members who live in a specific location because they operate to give to a specific local community.
To help you with the best credit cards from a credit union in your province, we have gathered for you the list of the 15 best Mastercard credit cards. You can find all of these credit cards on our credit cards comparator tool
Servus Credit Union
Servus Gold Mastercard
The Servus Gold Mastercard gives you a high credit limit with the additional security of travel protection. A special offer is available now, where you can get your first annual fee waived plus 5,000 Servus Circle Rewards point with a new Servus Gold Mastercard. This card has an annual fee of $75 with a purchase rate of 19.99%. The Servus circle reward point system works as the following, 1 point for every $1 spent on eligible purchases. There is no limit on how many points you can earn and have no expiration date. There is no fee for any additional Servus Gold Mastercard. Some travel and buyer insurances are also included with this card. It includes purchase insurance and extended warranty, travel emergency medical insurance, trip interruption insurance, and so much more.
Only available in Alberta
Servus World Elite Mastercard
The World Elite Mastercard offers you benefits on your purchases and travel. Its leading point program gets you the VIP treatment with exclusive events, access to airport lounges, and inflight Wi-Fi to name a few. A special offer is available now, where you can receive 5,000 Servus Circle Rewards points with a new Servus World Elite Mastercard. This credit card an annual fee of $150 with a purchase rate of 19.99%. The Servus Circle Rewards offer you two points for every $1 spent on eligible purchases. There is no limit on how many points you can earn and have no expiration date. The fee for an additional Servus World Elite Mastercard is $40. To have access to the rewards this card gives you, visit the Mastercard Travel Rewards page. Some travel and buyer insurances are also included with this card. It includes purchase insurance and extended warranty, travel emergency medical insurance, trip interruption insurance, and so much more. This card also comes with exclusive services like a price protection service, concierge service, and finally identity theft assistance services.
Only available in Alberta
Servus Low Rate Mastercard
The low rate Mastercard offers you travel benefits with a low purchase rate and annual fee. This card has an annual fee of $30 and a purchase rate of 11.99%. There is no additional fee for any supplemental Low Rate Mastercard. This card comes with two travel insurance which includes baggage delay insurance and common carrier accidental death and dismemberment insurance. There is no limit on how many points you can earn and have no expiration date. The No Fee Mastercard still comes with travel insurance which includes baggage delay insurance, common carrier accidental death and dismemberment insurance.
Only available in Alberta
Servus No Fee Mastercard
The No Fee Mastercard serves as a “basic” credit card. It gives you credit without any extra features. It is perfect if you do not want to pay an extra fee for your credit card but still earn points will use it. This card has no annual fee and no supplemental card fee with a purchase rate are 19.99%. The Servus Circle Reward program offers you one point for every $2 spent on eligible purchases.
Only available in Alberta
Steinbach
Cash Back Mastercard
The Cash Back Mastercard lets you earn rewards on all your everyday purchases. You can earn one point for every $1 spent on everyday purchases and the possibility of doubling your points on gas purchases. This card comes with no annual fee, an interest rate on purchases of 19.90%, and zero liability fraud protection. Besides its cashback and reward features, the Cash Back Mastercard has 90 days of purchase protection on all purchases made with this card, with double the manufacturer’s warranty.
Only available in Manitoba
Classic Mastercard
The Classic Mastercard offers a low annual fee, low-interest rate, and basic purchase protection. This card comes with an annual fee of $30, an interest rate on purchases of 11.90%, and zero liability fraud protection. The Classic Mastercard offer also 90 days of purchase protection on all purchases made with this card, with double the manufacturer’s warranty.
Only available in Manitoba
World Mastercard
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The World Mastercard lets you earn rewards faster and receive unique benefits and services. This card lets you earn 2 points for every $1 spent. This card comes with an annual fee of $120, an interest rate on purchases of 19.90%, and zero liability fraud protection. Some additional services included with this card car 24/7 travel assistance and a price protection service. Finally, the World Mastercard also offers buyers and travel insurance for example auto rental collision, purchase protection and extended warranty, emergency health care coverage, and so much more.
Only available in Manitoba
Conexus
Conexus Cash Back Mastercard
The Conexus Cash Back lets you earn cash back to travel rewards. Earn one Conexus Rewards point for every $1 spent, and also receive double the Conexus Rewards points at gas stations. You can redeem your points in two ways. First as cash back credit on your World Mastercard or transferred as a credit into your Conexus checking or saving accounts. The second way to redeem your points is by exchanging them with gift cards, non-restrictive travel, event tickets, and more. This card has no annual fee with an interest rate of 19.90%. The Conexus Cash Back Mastercard also comes with purchase protection and an extended warranty which covers all your purchases made with your card for the duration of 90 days after purchase. The extended warranty double manufacturer’s warranty for up to an additional 12 months.
Only available in Saskatchewan
Conexus Centra Gold Mastercard
The Conexus Centra Gold Mastercard offers you low-interest rates while still enjoying the travel benefits. This card has an annual fee of $50 with an interest rate of 9.90%. Using the Conexus Centra Gold Mastercard, you can earn 1 point for every $1 spent with the card. You can redeem your points in two ways. First as cash back credit on your World Mastercard or transferred as a credit into your Conexus cheque king or saving accounts. The second way to redeem your points is by exchanging them with gift cards, non-restrictive travel, event tickets, and more. This card also includes travel benefits like common carrier accident protection coverage of up to $125,000 and an auto rental collision/loss insurance. Finally, the Conexus Centra Gold Mastercard gives you purchase protection and an extended warranty which covers all your purchases made with your card for the duration of 90 days after purchase. The extended warranty double manufacturer’s warranty for up to an additional 12 months.
Only available in Saskatchewan
Conexus Travel Rewards Gold Mastercard
The Conexus Travel Rewards Gold Mastercard offers you all the travel benefits needed for your upcoming trips. This card lets you earn 1 point for every $1 spent, and you will be able to double points for purchases made in foreign currencies. You can redeem your points in two ways. First as cash back credit on your World Mastercard or transferred as a credit into your Conexus cheque king or saving accounts. The second way to redeem your points is by exchanging them with gift cards, non-restrictive travel, event tickets, and more. The Conexus Travel Rewards Gold Mastercard has an annual fee of $99 and an interest rate of 19.90%. Some of the travel benefits and insurance include a common carrier accident protection covering up to $1,000,000, intergenerational insurance coverage, emergency health care coverage, trip cancellation/interruption insurance, and more. Finally, the Conexus Travel Rewards Gold Mastercard gives you purchase protection and an extended warranty which covers all your purchases made with your card for the duration of 90 days after purchase. The extended warranty double manufacturer’s warranty for up to an additional 12 months.
Only available in Saskatchewan
Conexus Student Mastercard
The Conexus Student Mastercard helps you build your credit and start your financial journey. This card comes with no annual fee and a low interest of 11.90%. Buyer protection is also included with this card. You can now shop with confidence with the purchase protection which covers the first 90 days in the event your item is stolen or damaged. An extended warranty is also included, which double the manufacturer’s warranty for up to an additional 12 months. Finally, the Conexsus has mobile device insurance, which replaces and repairs all mobile devices for up to $1,000 in the event of theft, damage, or hardware failure.
Only available in Saskatchewan
Affinity
Affinity World Mastercard
The World Mastercard rewards you with unique benefits and exceptional services. This card rewards you with its advantageous point system. Earn 2 points for every $1 spent using your Affinity World Mastercard, and double the rewards for purchases made in foreign countries. The annual fee for this card is $150 with an interest rate of 19.90%, and zero liability fraud protection. Some travel insurance is included with this card, some of them are auto rental collision and loss insurance, emergency health care coverage, accident protection, and more. Buyer protection is also included with this card. You can now shop with confidence with the purchase protection which covers the first 90 days in the event your item is stolen or damaged. An extended warranty is also included, which double the manufacturer’s warranty for up to an additional 12 months. Finally, some additional services are also available with the Affinity World Mastercard like the 24/7 travel assistance and the price protection service.
Only available in Saskatchewan
Affinity Cash Back Mastercard
The Affinity Cash Back Mastercard lets you redeem valuable cash back as an account credit. You can earn 1 point for every $1 spent on everyday purchases (1 point equals 1% cash back) and double point on grocery purchases. A special offer is available now where for each new account you can earn five times the rewards points on home improvement purchases for the first three months after the account opening. The Affinity Cash Back Mastercard has no annual fee, an interest rate of 19.90%, and zero liability fraud protection. You can now shop with confidence with the purchase protection which covers the first 90 days in the event your item is stolen or damaged. An extended warranty is also included, which double the manufacturer’s warranty for up to an additional 12 months. Finally, the Affinity Cash back Mastercard has mobile device insurance, which replaces and repairs all mobile devices for up to $1,000 in the event of theft, damage, or hardware failure.
Only available in Saskatchewan
Affinity Classic Mastercard
The Classic Mastercard offers a low annual fee, low-interest rate, and basic purchase protection. This card comes with an annual fee of $30, an interest rate on purchases of 11.90%, and zero liability fraud protection. The Classic Mastercard offer also 90 days of purchase protection on all purchases made with this card, with double the manufacturer’s warranty. Finally, the Affinity Classic Mastercard has mobile device insurance, which replaces and repairs all mobile devices for up to $1,000 in the event of theft, damage, or hardware failure.
Only available in Saskatchewan
Affinity Travel Rewards Gold Mastercard
The Affinity Travel Rewards Gold Mastercard is the best tool for an on-the-go lifestyle. This card lets you travel with peace of mind, and allows you to earn rewards as you travel. Earn 1 point for every $1 spent on everyday purchases, and double on purchases in foreign currencies. Your point never expires and can be redeemed as few as 1,000 points. The Affinity Travel Rewards Gold Mastercard has an annual fee of $110, an interest rate of 19.90%, and zero liability fraud protection. All the travel insurance you could need is available using this card. It includes purchase protection and extended warranty, emergency health care coverage, lost or delayed baggage coverage, accident protection, and more. The Affinity Travel Rewards Gold Mastercard also offers 90 days of purchase protection on all purchases made with this card, with double the manufacturer’s warranty.
Only available in Saskatchewan
This Top 15 of the best credit union Mastercard credit cards in Canada was compiled by Hardbacon, which has designed a credit card comparator listing hundreds of Canadian credit cards. Hardbacon also helps you save on savings accounts, chequing accounts, online brokers, robo-advisors, life insurance, mortgages and personal loans. If you want to go one step further and take control of your finances, you should download Hardbacon’s mobile app, which links to your bank and investing accounts, helps you plan for your financial goals, create a budget and invest better.
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About The Author: Sophie Albo
Sophie is the content specialist at Hardbacon. She is currently in her 3rd year of a bachelor's degree in marketing at Concordia University. Her passion for Fintech and was revealed during the 2016 Cooperathon where she received special award.
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