COVID-19: We’re here to help. Read our latest updates, including details about customer relief programs and branch closures.

Credit Cards

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.

Need help?

Our Client Care team will be happy to assist.