Mastercard Adds New Perks, Savings for Small Businesses
Update: Some offers mentioned below are no longer available. View the current offers here.
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:
- CitiBusiness® / AAdvantage® Platinum Select® Mastercard®
- U.S. Bank Business Cash Rewards World Elite™ Mastercard®
- The JetBlue Business Card
The information for the CitiBusiness AAdvantage Platinum 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.
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How we chose these cards
TPG featured card
Rewards
10X | Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel |
5X | 5X miles on flights booked through Capital One Travel. |
2X | 2 Miles per dollar on every purchase, every day |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.Pros
- Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
- Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
- 10,000 bonus miles (worth $100 toward travel) each account anniversary.
Cons
- The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
- If you don’t travel frequently, this might not be the best card for you.
- Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
- Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
- Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
- Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
- Earn unlimited 2X miles on all other purchases
- Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
- Receive up to a $100 credit for Global Entry or TSA PreCheck®
- Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
- Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
- Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Rewards Rate
10X | Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel |
5X | 5X miles on flights booked through Capital One Travel. |
2X | 2 Miles per dollar on every purchase, every day |
Intro Offer
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel75,000 bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.Pros
- Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
- Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
- 10,000 bonus miles (worth $100 toward travel) each account anniversary.
Cons
- The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
- If you don’t travel frequently, this might not be the best card for you.
- Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
- Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
- Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
- Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
- Earn unlimited 2X miles on all other purchases
- Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
- Receive up to a $100 credit for Global Entry or TSA PreCheck®
- Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
- Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
- Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023