What is the highest level of Mastercard?

Yes, Mastercard does have a rewards program. The Mastercard rewards program does not give points, cash back, or miles, however. But eligible cardholders may be able to redeem rewards earned from their credit card’s issuer through Mastercard Online Rewards.

The redemption options include gift cards, merchandise, travel expenses, and more. Not all Mastercard cardholders are eligible, though. You can check with your card’s issuer directly, or simply try registering your card through Mastercard Online Rewards to see if it’s eligible. ... read full answer

Other Mastercard Benefits:

While the Mastercard rewards program doesn’t influence how cardholders earn rewards, the network does provide many other perks and benefits. Mastercard’s rewards and benefits program has three levels: Standard, World, and World Elite.

The higher the level of your Mastercard, the better the discounts and benefits. But even with Mastercard’s most basic level, cardholders receive a $0 fraud liability guarantee, emergency support, and ID theft protection.

Standard Level:

• Zero Liability Protection: Cardholders are protected against fraudulent purchases, so they never have to pay for unauthorized charges.
• Mastercard Global Service: 24/7 global emergency assistance with lost or stolen cards, obtaining emergency card replacements or cash advances, finding ATMs ,and answering other questions related to the account. To access this service, call (800) 307-7309 if you’re in the U.S. or a country-specific toll-free number when you’re abroad.
• Mastercard ID Theft Protection: Sends alerts whenever suspicious activity is detected and assigns cardholders a resolution specialist to help with issues related with identity theft. You can activate this service through its online portal.

World Mastercard:

• Standard Level Benefits: Benefits from the Standard level also apply to World Mastercard cards.
• ShopRunner Memberships: Free two-day deliveries and returns with over 100 online retailers including Brooks Brothers, Saks Fifth Avenue, and more.
• Discounts: Free deliveries and discounts with DoorDash. It also includes Lyft offers which give cardholders credit for taking rides every month.
• Mastercard Golf: Exclusive offers and experiences with the PGA Tour. You also have access to Mastercard’s Golf Concierge Services and lessons to sharpen your game.
• Professional Travel Services: Travel advisors help you plan trips 24/7. They can be reached by calling (855) 802-1387 or by accessing the travel portal.
• Lowest Hotel Rate Guarantee: Booking a prepaid hotel stay through Mastercard World cards and finding that same stay advertised for less before checking in may get you a refund for the price difference.
• Hotel Stay Guarantee: In case a 3+ star hotel booking made through Mastercard Travel encounters issues, you can contact a designated travel manager to coordinate with the hotel and make things right for you.
• Luxury Hotel Benefits: Complimentary daily breakfasts, special amenities, room upgrades, and early/late check-in/out upgrades can be up for grabs on Mastercard’s travel portal.
• Mastercard Airport Concierge: Savings on airport meet and greet services which provide assistance from agents who escort you through the airport, 24/7.
• Free nights, car, RV, and air: Enjoy free nights at partner hotels, status upgrades on car rentals, savings on air, and private jets.

World Elite Mastercard:

• All Standard and World level benefits: The benefits from the other two levels also apply to World Elite Mastercard cards.
• Fandango deals: Get discounts for using their streaming service or buying movie tickets at Fandango.
• World Elite Concierge: A complimentary 24/7 concierge service that acts as a relentless personal assistant. Reserve that perfect table, locate hard-to-find items, and more.

Your level of membership is determined by the card you’re approved for. Even if you’re not getting the highest level of Mastercard benefits, you may still get additional benefits from your credit card’s issuer. Mastercard is a credit card network, so the issuer you receive your Mastercard from (such as Citibank, Capital One, or Barclays) will often have additional benefits.

The World Elite Mastercard annual fees range from $0 to $995, depending on the card. Although most World Elite Mastercard credit cards do charge a fee, Mastercard does not determine annual fees because it does not issue its own cards. Instead, the banks and credit unions that issue credit cards on the ... read full answerMastercard network decide the fees. The purpose of an annual fee is to reduce the cost of the card’s rewards and benefits for the issuer.

To put the range of World Elite Mastercard annual fees in perspective, the average annual fee among all new credit card offers is $22. Some cards charge no fee at all, while others charge a lot.

Notable World Elite Mastercard Annual Fees

• U.S. Bank Business Triple Cash Rewards World Elite Mastercard®: $0
• Citi® / AAdvantage® Platinum Select® World Elite Mastercard®: $0 intro 1st yr, $99 after
• Capital One Savor Cash Rewards Credit Card: $95
• JetBlue Plus Card: $99
• American Airlines AAdvantage® Aviator™ Silver Credit Card: $199
• HSBC Elite Credit Card: $395
• Citi® / AAdvantage® Executive World Elite Mastercard®: $450
• Mastercard® Gold Card: $995

Finally, you should also keep in mind that a World Elite Mastercard may have other fees in addition to its annual fees, such as foreign transaction fees, balance transfer fees, cash advance fees and late fees.

The Mastercard® Black Card requirements for approval include:

1. At least good credit score (700+).
2. U.S. residency.
3. Applicants must be at least 18 years old.
4. Enough income to afford the card’s $495 annual fee and monthly bill payments.

The issuer doesn’t publish specific income requirements, but the more you earn and the less you owe already, the better your chances for approval. Your credit history and any potential debts you might have will also be taken into account.... read full answer

Things to Consider Before Applying for the Mastercard® Black Card

Even if you do meet the requirements for the Mastercard® Black Card, it’s likely not your best option. It has a huge annual fee, and the rewards don’t quite live up to what you can get with other cards. You get 1 point per $1 on all purchases, which is less than the average rate for rewards credit cards. It also offers a $100 annual airline credit and airport-lounge access, with the latter being the only benefit you’ll receive that you can’t get from a card with no annual fee.

While the card offers an introductory balance transfer APR of 0% for 15 months, it has a balance transfer fee of 3% (min $5). The card’s regular APR is 19.49% (V). So, it may be a cool looking card with its stainless-steel design, but there are better cards that will give you more value for your money.