Disclosed are electrical contact materials and a method for preparing the same. The electrical contact material includes (i) one or more kinds of metals selected from the group consisting of silver (Ag), copper (Cu) and gold (Au), and an alloy of nickel (Ni); and (ii) carbon nano tubes (CNTs) coated with Ag nanoparticles, Ag plated CNTs, or Ag nanowires, or (i) one or more kinds of metals selected from the group consisting of Ag, Cu, Ni and Au; (ii) a metal oxide that is cadmium oxide, indium oxide, tin oxide, zinc oxide or mixture thereof; and (iii) CNTs coated with Ag nanoparticles, Ag plated CNTs, or Ag nanowires. Accordingly, it is possible to reduce the content of high-priced Ag and to obtain excellent electrical and mechanical properties.