Mastercard® Balance Protection
Insurance for when life throws you a curveball.
Plan for the unplanned
If the unexpected happens, we'll make your minimum Mastercard payments for you1. Your debt won't escalate and your credit rating won't be affected.
Protect your loved ones
Mastercard Balance Protection will pay your whole Mastercard balance1 in the event of your death or the death of your spouse.2
Get the first month free
Pay no premiums for the first 30 days of coverage. Then pay $0.99 for every $100 dollars on your monthly statements, unless you decide to cancel.
Key product details
| Premium | $0.99 for every $100 dollars on your monthly statement |
| Premium waived for | First month of coverage |
| Coverage included | Life, Disability, Critical Illness, Job Loss, Hospitalization |
| Additional feature | Life Events - receive a bonus payment when you celebrate an eligible life event such as getting married, buying a new home, welcoming a child, retiring or celebrating your 60th birthday. |
| Maximum payout on balance | $25,000 |
Frequently Asked Questions
The Balance Protection plan is underwritten by the Manufacturer Life Insurance Company (Manulife Financial) and First North American Insurance Company (FNA). It is offered to eligible ATB Financial Mastercard personal cardholders on a group plan basis.
Premiums for Mastercard Balance Protection are paid to Manulife Financial. Premiums are charged each month to the card.
To cancel your Mastercard Balance Protection plan, you'll need to contact Manulife Financial by calling 1-800-268-6195.
The Primary cardholder (until the age of 65) is eligible for Life, Disability, Critical Illness, Job Loss and Hospitalization. The Spousal cardholder is automatically covered under the Primary cardholder. Limitations and exclusions apply.
New cardholders may apply when they apply for their new Mastercard. Existing cardholders can visit their nearest branch or call ATB Client Care at 1-888-404-4646.
Ready to get started?
When the unexpected occurs, you might need help with the bills. With Mastercard Balance Protection, your finances will be one less thing you worry about.
Find the right rewards Mastercard for you.
Unlimited cash back rewards
ATB Gold Cash Rewards Mastercard®
Get unlimited cash back at a rate of 1% for every dollar spent1.
Flexible, points based rewards
ATB Gold My Rewards Mastercard®
Earn more rewards every day towards travel, merchandise or gift cards.
Rewards & benefits for an elevated experience
ATB World Elite Mastercard®
Our premium Mastercard featuring maximum VIP benefits and flexible rewards.
A monthly amount equal to the greater of $20 or 10% of your Mastercard balance on the Billing Date immediately preceding your disability/job loss/hospitalization to a max of $25,000. In the event of death, your Mastercard balance at date of death, including in-transit transactions. In the event of critical illness, your Mastercard balance on or immediately preceding your date of diagnosis, including in-transit transactions.
Refers to the Spouse of the Primary Cardholder, whose name has been embossed on an ATB Mastercard which has been issued on the same account as that of the Primary Cardholder.
Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Used under licence.