Mastercard Adds New Perks, Savings for Small Businesses

May 2, 2019

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Mastercard is improving its lineup of benefits for card holders with the announcement of a new small business program. This news comes just weeks after Mastercard overhauled the perks on its consumer cards, adding benefits like a monthly $10 Lyft credit and exclusive discounts at Postmates and Boxed.

The new program, available to Mastercard Business and World Elite card holders, offers discounts to services like QuickBooks and TurboTax and expands the Mastercard Easy savings program.

Here’s a brief summary of the standout new benefits (click here for more details):

  • Intuit QuickBooks: Accounting software Intuit QuickBooks Online is available to card holders at a 40-50% discount when purchasing a 12-month subscription of Quickbooks Online (Simple Start, Essentials, Plus, or Advanced) or QuickBooks Self-Employed for small business owners and individuals. Unfortunately, discounts are only applicable for new QuickBooks Online customers.
  • Intuit TurboTax: “Eligible small business cardholders will save up to USD 20 on TurboTax federal tax products.”
  • 24/7 Business Assistant: “A comprehensive, personalized assistance that provides access to key business services, such as locating tech support or a recruiting service, arranging client dinners, securing a meeting room, or purchasing gifts.”
  • Mastercard Easy Savings: Similar to Amex and Chase Offers, this program is one of the more valuable benefits. It offers discounts that can be stacked with coupons or other shopping portal offers. Mastercard says it’s expanding the program with new “premium merchants,” and you can see the full list of savings here. Just make sure to register your card before making a purchase or the savings wont apply.
  • Cell Phone Insurance: “Cardholders will be eligible for Mastercard Cellular Telephone Protection when they charge their monthly telephone bill to their Business Mastercard. This benefit covers stolen or damaged mobile phones as well as cosmetic screen scratches.”

Card holders will also be eligible for ID Theft Protection and receipt management in partnership with Itemize Corp.

Only Mastercard business cards are eligible for this program (not personal World Elite versions). Here are a few eligible cards to consider:

The information for the CitiBusiness AAdvantage Platinum and U.S. Bank Business Cash Rewards World Elite 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.

While these perks may not feel as exciting as the ones for personal Mastercard credit cards, it’s still great to see Mastercard, a payment network, expand its benefits for small businesses. Some of these benefits are reminiscent of perks banks offer its customers.

Featured photo by Fabian Sommer/picture alliance via Getty Images.

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