Adam McCann, Financial Writer
@adam_mcan
The World Elite Mastercard annual fees typically range from $99 to $1,199, 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 Mastercard 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 $26.75. Some cards charge no fee at all, while others charge a lot.
Notable World Elite Mastercard Annual Fees
- Citi® / AAdvantage® Platinum Select® World Elite Mastercard®: $0 intro 1st yr, $99 after
- JetBlue Plus Card: $99
- HSBC Elite Credit Card: $495
- Citi® / AAdvantage® Executive World Elite Mastercard®: $595
- Mastercard® Gold Card: $1,199
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.
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Ronald Snodgrass, Member
@ron.snodgrass11
The World Elite Mastercard annual fee is $89-$99 in most cases. One of the best World Elite Mastercards is the Citi® / AAdvantage® Platinum Select® World Elite Mastercard®, which has a $0 annual fee the first year and an annual fee of $99 after that. The card also offers an initial bonus of 50,000 miles, reasonable ongoing rewards and lots of travel benefits.
In general, World Elite Mastercards tend to offer more valuable perks than regular or World Mastercards. That includes better travel insurance coverage or exclusive discounts on travel services. However, it’s up to credit card issuers to decide what benefits each individual card has, so some World Elite Mastercards will offer more value for the annual fee than others.
People also ask
What is the Mastercard credit limit?
Mastercard credit limits depend on the card, and they can range from a couple hundred dollars to many thousands of dollars. However, the credit limit isn’t actually set by Mastercard, as it is a major credit card network, just like Visa. The credit card issuers are in control of setting the credit limits, which can vary widely from cardholder to cardholder.
Mastercard credit limits are based on issuers’ evaluations of applicants’ credit history, income, assets,...
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