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Centra Gold Mastercard Review: Fees, Rates and Rewards

A Canadian comparison of Centra Gold Mastercard, using current institution-supplied details from the FCAC catalog.

By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Sep 7, 2026 Fact checkedEditorial integrity

The bottom line

Centra Gold Mastercard is estimated to earn 0.50% in ongoing rewards using Unspecified points at 0.5¢ per point. Under the Toronto everyday profile ($30,000/year, pays in full), that is $150 in annual rewards and $25 after quantified perks, fees and costs.

2.1
SCFinance score
rewards
1.5
fees
3.0
interest
4.3
perks
1.3
fit
1.0
data confidence
2.6
See the dollar-value calculationExplain this score

Annual rewards

$150

Quantified perks

$0

Annual fee

−$50

Foreign-currency cost

−$75

Estimated ongoing value

$25

Confidence-adjusted value

$9.75

Estimated reward return: 0.50% · Unspecified points: 0.5¢ per point · Data confidence: 39%

Conservative fallback because the source does not identify a supported redemption program

Based on the Toronto everyday profile: $30,000 annual spend, Ontario availability and full monthly payment. Welcome offers are kept separate from ongoing value.

Centra Gold Mastercard card
Apply now

on Valley First's website

Rates & Fees

Centra Gold Mastercard

Annual fee
First card: $50.00 Second card: $10.00
Rewards rate
1x Points
Purchase interest rate
12.99%
Cash advance rate
12.99%
Balance transfer rate
0%
Foreign conversion fee
2.5%

Pros

  • ✓ 0.50% estimated ongoing rewards return

Cons

  • ✕ $50 annual fee
  • ✕ $75 estimated annual foreign-currency cost in the comparison profile
  • ✕ Unspecified points redemption value varies by redemption choice
  • ✕ Actual value depends on your spending, redemption choices and eligibility

How you earn rewards

  • 1xCash back Travel Groceries Gas General merchandise · Earn valuable rewards every time you use your Centra Gold Mastercard. Earn 1 point for every $1 spent on everyday purchases Enjoy a large assortment of Reward Points redemption options, including: 60,000 top-selling merchandise items, including directly from Best Buy Catalogue Gift cards from 60+ top Canadian retailers Cash rewards in the form of statement credit Private vacation rental or hotel accommodation, flights and travel experiences Charity donations

Benefits and perks

  • n/a

  • Insurance information

    Travel accident: Not available Travel medical: Not available Travel cancellation: Not available Travel interruption: Not available Flight delay: Not available Baggage: Not available Rental vehicle: Not available

Compare to other cards

№ 1

American Express Cobalt Card

american express · Amex Bank of Canada
3.0
SCFinance score
Apply now

on Amex Bank of Canada's website

Rates & Fees
First card: $191.88 Second card: No feeAnnual fee
1x-5xPointsRewards rate
21.99%Purchase interest
21.99%Cash advance
2.5%FX fee
N/AMin. income
Our take

American Express Cobalt Card is estimated to earn 3.72% in ongoing rewards using American Express Membership Rewards at 1¢ per point. Under the Toronto everyday profile ($30,000/year, pays in full), that is $1,116 in annual rewards and $849 after quantified perks, fees and costs.

Read our full review →

Rewards breakdown
  • 5x Travel Groceries Gas General merchandise. Membership Rewards® program.
Card details
  • Travel Groceries Gas General merchandise
  • Membership Rewards® program.
  • FCAC annual-fee disclosure: First card: $191.88 Second card: No fee
  • Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT
№ 2

American Express Essential Credit Card

american express · Amex Bank of Canada
2.5
SCFinance score
Apply now

on Amex Bank of Canada's website

Rates & Fees
First card: $25.00 Second card: No feeAnnual fee
N/ARewards rate
12.99%Purchase interest
12.99%Cash advance
2.5%FX fee
N/AMin. income
Our take

American Express Essential Credit Card is estimated to earn 0.00% in ongoing rewards. Under the Toronto everyday profile ($30,000/year, pays in full), that is $0 in annual rewards and -$100 after quantified perks, fees and costs.

Read our full review →

Card details
  • N/A
  • FCAC annual-fee disclosure: First card: $25.00 Second card: No fee
  • Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT
Compare these side by side

Frequently asked questions

Where is Centra Gold Mastercard available?

Our FCAC source lists this card for BC. Confirm current residency requirements with Valley First before applying.

Are the rates and fees guaranteed?

No. Rates, promotions and eligibility can change. SCFinance shows the latest synchronized record and links to the issuer so you can confirm the disclosure before applying.

Sources and methodology

Product facts were last checked September 7, 2026. Review the primary product source

See how SCFinance scores and compares cards, including limitations and update controls.