What is the World Elite Mastercard annual fee?

Question

Mastercard credit limits depend on the card, and they can range from a couple hundred dollars to many thousands of dollars. There is no set minimum or maximum Mastercard credit limit, as credit lines are left entirely up to the discretion of individual credit card issuers. In addition, the limits that issuers set on individual Mastercard credit cards can vary widely from cardholder to cardholder.... read full answer

Mastercard credit limits are based on issuers’ evaluations of applicants’ credit history, income, assets, and existing debt obligations. There’s nothing special about Mastercard credit limits, at least as they compare to the spending limits on Visa credit cards.

More info about the Mastercard credit limit

One thing that Mastercard and Visa have in common is that neither one is responsible for setting spending limits. American Express and Discover – the other two major card networks – are a different story because they issue their own cards. That means they set the spending limits on those cards.

Even though Mastercard doesn’t set your credit limit, there are some general trends you can expect from issuers that have cards on the Mastercard network. For example, Mastercards for people with good or excellent credit offer the highest limits. Similarly, people with low incomes are more likely to qualify for Mastercards’ minimum credit limits, while people who make a lot of money could potentially get limits that are thousands of dollars above the minimum on a given card.

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Answer 1 · 2022-07-18 10:56:27

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Adam McCann, Financial Writer

@adam_mccann • 07/18/22 This answer was first published on 01/19/21 and it was last updated on 07/18/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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 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 $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.

Answer 2 · 2021-01-19 09:39:27

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Ronald Snodgrass, Member

@ron.snodgrass11 • 01/19/21 This answer was first published on 09/04/20 and it was last updated on 01/19/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

What is the World Elite Mastercard annual fee?

Adam McCann, Financial Writer

Notable World Elite Mastercard Annual Fees

Ronald Snodgrass, Member

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