The most valuable Mastercard World Elite benefits

Jun 27, 2020

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When we talk about the pros and cons of different credit cards here at TPG, we tend to focus on the welcome offers, perks and bonus categories that make that card unique. Regardless of who issues your credit card, it likely gets a number of its perks from the payment network it’s a part of. For example, all Visa Signature cards have access to the same suite of benefits, whether they’re issued by Chase or Bank of America, for example.

Related reading: Comparing Visa Signature and World Elite Mastercard benefits

Mastercard, the second-largest card network worldwide, has a similar setup. In addition to perks that are specific to each card, all World Elite Mastercards have access to a common group of benefits. Today we’re going to take a look at the most valuable Mastercard World Elite benefits, and help you get some more value out of the cards in your wallet.

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In This Post

Top World Elite Mastercard offers

While you may not have previously been familiar with the World Elite Mastercard branding, many top travel rewards cards are part of Mastercard’s World Elite program. Here are a few of the best offers currently available:

Card Welcome bonus Annual fee Notable perks
Citi Prestige® Card Earn 50,000 ThankYou Points after spending $4,000 in the first 3 months $495 $250 annual travel credit, 4th night free on hotel stays twice per year
Citi Premier℠ Card Earn 60,000 ThankYou Points after spending $4,000 in the first 3 months $95 Earn 3x points on air travel, hotels, gas stations, restaurants and grocery stores
Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® Earn 50,000 AAdvantage miles after spending $2,500 in the first 3 months $99 First checked bag free for you and up to four companions on eligible AA flights, $125 American Airlines flight discount after spending $20,000 a year on your card
IHG Rewards Club Premier Credit Card Earn 125,000 points after spending $3,000 in the first 3 months $89 Anniversary award night worth up to 40,000 points, IHG Platinum status, fourth night free on award stays

The information for the Citi Prestige, Citi AAdvantage Platinum Select World Elite Mastercard, Citi Premier card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Exclusive discounts with select merchants

As the Amex Offers program continued to grow in popularity, other issuers were forced to start offering similar money-saving deals at select merchants. While Mastercard doesn’t offer quite as wide a range, it has partnered with some popular merchants to provide savings on everyday expenses.

The most popular deals include a $10 Lyft credit every month when you take at least five rides (which equates to a $2 discount per ride), and $5 off every Postmates order of $25 or more (excluding delivery fees, taxes and tips). If you max out either one of these benefits every month, you can fully recoup the annual fees on many World Elite Mastercards before even taking into account other benefits.

Photo courtesy of Mastercard
Photo courtesy of Mastercard

World Elite Concierge

(Photo by tommaso79/Shutterstock)
(Photo by tommaso79/Shutterstock)

While everyone here presumably enjoys traveling, not all of us enjoy the legwork that goes into planning a good trip. Thankfully Mastercard is here to help, with its 24/7 concierge service that can help you make travel plans, secure a hard-to-get reservation at popular restaurants, or even track down items like concert tickets. I’ve gotten a lot of value out of my credit card concierge services over the years, and I consider them to be one of the most underrated perks out there.

Related reading: Battle of the Premium Credit Cards: Comparing Concierge Services

ShopRunner membership

With more and more purchases moving from physical stores online, customers are placing an increasing emphasis on fast shipping. Thankfully all World Elite Mastercards come with a free ShopRunner membership, which gets you 2-day shipping and free return shipping at over 100 retailers. Depending on how much you like to shop, this can add up to a considerable amount of savings over the course of the year.

Further Reading: Get free shipping from your favorite retailers with these credit cards

Mastercard Luxury Hotel & Resorts Portfolio

The hotel that started a collection - the Fairmont San Francisco. (Photo courtesy of the hotel)
The Fairmont chain, including the flagship Fairmont San Francisco, is part of Mastercard Luxury Hotel & Resorts Portfolio. (Photo courtesy of the hotel)

This program functions very similarly to Chase’s Luxury Hotels & Resorts Collection or Amex’s Fine Hotels & Resorts. Customers will enjoy complimentary room upgrades, early check-in and late check-out (subject to availability) and unique amenities at more than 2,000 hotels around the world. Programs like these are a great way for less frequent travelers to enjoy elite-like benefits, especially when staying at luxury hotels where free breakfast can go a long way.

Cell phone protection

(Photo by paulzhuk/Shutterstock)
(Photo by paulzhuk/Shutterstock)

Mastercard World Elite cardholders can rest easy if their phones are stolen or damaged, as they’re entitled to $1,000 in yearly coverage (up to $800 per claim, two claims per year). To activate this coverage, simply pay your cell phone bill with your World Elite Mastercard.

Related reading: Credit cards that cover cellphone loss and damage

Priceless Cities

For more than 20 years, Mastercard’s “Priceless” program has represented the companies belief that experiences matter more than things. Priceless Cities is an online marketplace full of thousands of unique experiences in cities all around the world, curated exclusively for Mastercard customers. From sunset river cruises in Bangkok to a guided paddle boat tour of the Sydney Harbour, Priceless Cities is likely to have experiences waiting wherever you live or travel.

Bottom line

While card network is generally one of the least important factors in evaluating a new card, it’s important to consider all the benefits that come from being part of a program like Mastercard World Elite. Many of these perks get overshadowed by card specific ones like bonus categories and welcome offers, but whether you already have a Mastercard World Elite card in your wallet or are considering applying for one in the future, you should try and take advantage of all the perks available to you.

Featured image by Shutterstock

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,600

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Intro APR on Purchases
N/A
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.