World Mastercard
Annual Fee
$115.00
Interest Rate
19.99%
Balance Transfer
22.99%
Cash Advance
22.99%
Credit Score
Excellent
Rewards
1.80%*
- Earn up to 2 points per dollar spent, based on your net spending over a 12-month period starting on the date you open the account: get 1.25 points for every $1 up to $20,000 spent, 2 points for every dollar spent between $20,001 and $30,000 total, and 1.25 points for every dollar spent at a total of $30,001 and more in purchases.
- Enjoy unique experiences all over the world: get room upgrades, exclusive menus, unique tours and many other surprises in great cities of the world with Mastercard Priceless Cities.
- Save with our travel agency: collect 1.25 additional point for every dollar of purchase with your Mastercard World, get the best exchange rate to enjoy your travel rewards faster, and get advice from a travel agent (service charges apply)
- À la carte Travel: save on vacation packages and airline tickets when you redeem your points through the À la carte Travel online agency. Plan your entire trip with hotel and cruise bookings, car rentals and more. Plus, you have the freedom to travel with the agency and airline of your choice.
- You can repay your credit card balance with rewards points.
- Zero Liability Included
- Purchase protection in the event of theft or damage: 180 days following the purchase date
- Extended warranty: Triple (up to 2 additional years)
- Trip cancellation insurance: up to $2,500 per person
- Trip interruption insurance: up to $5,000 per person
- Out-of-province-of-residence medical/hospital insurance: up to $5,000,000 per person: 54 and under: 60 days 55 to 64: 31 days 65 to 74: 15 days If your trip exceeds these time frames, you will not be covered.
- Flight delay insurance: up to $500 per person (over 4 hours)
- Baggage insurance in case of delay: up to $500 per person (over 6 hours)
- Baggage insurance in case of theft or loss: up to $1,000 per person
- Vehicle rental insurance: against collision, theft or damage for a period of 48 days or less (theft of personal effects up to $2,000)
- Medical, general and legal assistance Included
- You must be a Canadian resident.
- You must be of the age of majority in your Province or Territory of residence.
- You must earn a minimum personal income of $60,000 or household income of $100,000, or have investable assets of at least $250,000. For existing clients you must have minimum of $15,000 charged to your card.
Summary
The World Mastercard allows its holders to travel with peace of mind, and earn points for day-to-day purchases. Holders may also take advantage of a big expense to accumulate points more quickly! Earn up to 2 points per dollar charged to your card, based on your net spending.
Our Review
World Mastercard
The World Mastercard allows its holders to earn À la carte points for day-to-day purchases, which may be redeemed for a variety of rewards including travel, merchandise, gift cards and donations. The unique aspect of this card is that it offers its holders a different amount of points per dollar spent based on their net annual spending. If you spend $20,000 or under, you will earn 1.25 points per dollar spent; if you spend between $20,001 and $30,000, you will earn 2 points per dollar; and if you spend upwards of $30,000, you will earn 1.25 points per dollar. At an annual fee of $115, holders may also benefit from an extensive array of travel insurance, purchase protection and extended warranty, as well as discounts on vacation packages and airline tickets through the À la carte Travel online agency, and the exclusive benefits of MasterCard Priceless Cities. This is quite a luxury card, and therefore it comes with a minimum income requirement of $60,000 in personal or $100,000 in household income. However, this card is put to best use if you charge between $20,001 and $30,000 in purchases to it, because any more than that and the rewards will drop back down from 2 points per dollar to 1.25 points per dollar. All in all, if you’re a traveller who meets the eligibility requirements and doesn’t mind spending a sizable annual fee, this could be a good option for you, especially if you want to charge between 20k and 30k to your card annually. However, if you charge any more or less than that, it might not be worth the fee.
As per our rating system, this card scored 19/25 on rewards, 16/25 on interest rates and balance transfers, 18/25 on perks and insurance, and 22/25 on annual fees. Therefore, the total smart score of this card is 75/100.
Pros
- Earn up to 2 points per dollar spent, based on your net spending over a 12-month period starting on the date you open the account: get 1.25 points for every $1 up to $20,000 spent, 2 points for every dollar spent between $20,001 and $30,000 total, and 1.25 points for every dollar spent at a total of $30,001 and more in purchases.
- Enjoy unique experiences all over the world: get room upgrades, exclusive menus, unique tours and many other surprises in great cities of the world with Mastercard Priceless Cities.
- Save with our travel agency: collect 1.25 additional point for every dollar of purchase with your Mastercard World, get the best exchange rate to enjoy your travel rewards faster, and get advice from a travel agent (service charges apply)
- À la carte Travel: save on vacation packages and airline tickets when you redeem your points through the À la carte Travel online agency. Plan your entire trip with hotel and cruise bookings, car rentals and more. Plus, you have the freedom to travel with the agency and airline of your choice.
- You can repay your credit card balance with rewards points.
- Enjoy an extensive array of travel insurance, as well as purchase protection and extended warranty.
Cons
- You must earn a minimum personal income of $60,000 or household income of $100,000, or have investable assets of at least $250,000. For existing clients you must have minimum of $15,000 charged to your card.
- An annual fee of $115.00