Bis Antony Youssef| March 13, 2023 | AIR MILES Awards,Best Credit Cards,credit cards,Mastercard credit cards,Best Credit Cards,Travel Credit Cards
Die World Elite Mastercardcredit cardsare great for so many reasons. It's an excellent program and rivals the best Visa and American Express cards in terms of travel perks. Any Canadian bank that wants to attract or reward customers with high personal or household incomes does so with a World Elite Mastercard. In fact, you need a minimum personal income of $80,000 or a household income of $150,000 to qualify. Are you ready to travel better? Here we have the best World Elite Mastercards in Canada.
HSBC World Elite Mastercard
Welcome bonus worth 80,000 points
HSBC World Elite Mastercard credit card
- Admission fee:$0
- Annual fee:$149
- Annual interest rate:20.99% on purchases and 22.99% on advances
Financial support:Get up to $649* total value in the first year! Must be applied for by May 31, 2023. Conditions apply.
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TheHSBC World Elite Mastercardhas small, precise refinements that make this World Elite Mastercard a smart choice for international travel. Their secret is that the HSBC World Elite Mastercard has no foreign transaction fees. Only the exchange rate applies. In addition, it also applies to online purchases. Eating out at a foreign restaurant and international online shopping just got a little cheaper!
With the HSBC World Elite Mastercard, you can earn 3% in travel rewards on all eligible travel purchases and 2% on eligible grocery, gas and drugstore purchases. All other eligible purchases will receive 1% travel rewards back. Of course, you can also redeem your points for gift cards and products. If you add an authorized user, the primary cardholder's points will accumulate even faster.
Receive $100 in annual travel credit with the HSBC World Elite Mastercard. You can use it for the little things that make travel better. The $100 can be used toward bag fees, seat upgrades, or lounge access. The card also gives you access to 24-hour travel assistance. Of course, you are free to book travel with any airline.
BMO AIR MILES World Elite Mastercard
Annual fee: $120, waived for the first year
Interest Rate: 20.99% on purchases/variable for cash advances
TheBMO AIR MILES World Elite Mastercardoffers huge rewards when you shop with it. It is a powerful multiplier for AIR MILES points. Earn 1 AIR MILE for every $12 you spend with yourCredit card, and you can triple your points with AIR MILES partners. Earn double AIR MILES at participating National Car Rental and AlamoRent A Car locations. This card gives you the highest AIR MILES award rate from BMO. Want even better news? There are no blackout dates for travel and you get access to lounges at participating airports.
The BMO AIR MILES World Elite Mastercard offers all sorts of additional discounts. The card offers an exclusive 15% discount on AIR MILES flight redemptions within North America. You'll also receive up to 25% off at participating National Car Rental and Alamo Rent A Car locations.
The best thing about traveling is being able to do it as often as you want. The BMO AIR MILES World Elite Mastercard offers you unlimited trips per year. You have up to $2 million in eligible travel emergency medical insurance as long as travel does not exceed 15 consecutive days.
BMO Cash Back World Elite Mastercard
Annual fee: $120, waived for the first year
Interest Rate: 20.99% on purchases/variable for cash advances
USE
TheBMO Cash Back World Elite Mastercardis, well, great. The breakdown of points redemption makes it a general-purpose card with far-reaching benefits. You'll get 5% back on the first $500 you spend on groceries each month, and then 4% on the first $300 you spend each month on ground transportation including trains. Buses, limousines, taxis, etc. But wait, there's more. You earn 3% on the first $300 you spend each month on gas and car purchases. As soon as you exceed these limits or spend something outside of these categories, you will receive 1% cashback.
The World Elite is a travel card, but your cashback can go anywhere you want. It can be deposited directly
to a BMO savings, current or BMO InvestorLine account. You can apply it as a bank statement.
When you travel, the BMO Cash Back World Elite Mastercard gives you access to participating airport lounges. You also get up to $2 million in eligible travel emergency medical insurance, but your trip must be 8 consecutive days or less. You have access to the Mastercard Concierge service and free roadside assistance.
MBNA Rewards World Elite Mastercard
The MBNA Rewards World Elite Mastercard is good because it has a flat interest rate of 20.99%. The rate applies to purchases, credit transfers or cash borrowing. It's a refreshing change to have something so simple.
When you use the MBNA Rewards World Elite Mastercard, you'll earn 5 points for every $1 spent on eligible restaurant, grocery, membership and appliance purchases. This applies until your total for all categories combined reaches $50,000 in one year. After that, earn 1 point for every $1 on all other qualifying purchases. This map is also easy to understand.
The MBNA Rewards World Elite Mastercard is a step ahead of the crowd with this next benefit. Each year, the primary accountholder will receive birthday bonus points equal to 10% of the total points accumulated on the account in the 12 months preceding the primary cardholder's birthday. The maximum birthday score is 15,000.
What can you do with your points? You can use it as a bank statement to pay off all or part of your credit card balance. You can redeem points for cash by check, deposit into a participating checking or savings account, or as a donation to certain charities. You can also redeem your points for products, travel and gift cardsMBNA Rewards Catalog.
Frequently asked questions about the World Elite Mastercard
Does BMO World Elite Mastercards have travel cancellation insurance?
BMO World Elite Mastercards have travel cancellation insurance. The insurance cover only applies if you charge the full cost or part of the cost of the trip to the main or family cardholder’s Mastercard.
How do I get a World Elite Mastercard?
If you have a minimum personal income of $80,000 or family income of at least $150,000, you are eligible for the card. Each issuer will evaluate your application. You can apply online or at your financial institution if they offer the card.
Is Mastercard a credit card?
Mastercard is a credit card. It is a revolving credit product that is accepted worldwide.
Which is better Visa or Mastercard?
Both Visa and Mastercard are accepted worldwide. You can use both types of cards for in-person and online purchases. The best way to decide if one is better than the other is to compare each card's offer, interest rate, fees, and benefits. What is best is ultimately up to you.
How do I verify the Mastercard billing address?
There are a number of ways you can verify your Mastercard billing address. You can log into your account and verify your billing address. You can also refer to a paper invoice. Your billing address is the address you use to open the credit card.
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About the author: Antony Youssef
Antony is a project manager at Harbacon. A prospective graduate of the DESS - Business Analyst - Information Technology program at HEC in Montreal. He helped initiate and develop the Hardbacon comparison tool with the IT team. Passionate about business and the financial well-being of others, his goal is to educate readers about various topics related to finance through his articles.
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