Benefit Changes for WMC and WEMC

[UncleB]

Doctor of Credit is reporting that WMC and WEMC benefits are being updated.

From DoC:

Mastercard World and World Elite cardholders in the U.S. will get new benefits, including a monthly $10 Lyft credit when you take 5 rides, 500 Fandango points for every 2 movies purchased, 5% back at Boxed.com , and $5 off $25 at Postmates. These benefits begins today. Cardmembers will also get cell phone insurance beginning July 1. These benefits are valid on consumer Mastercards only.

Link:  https://www.doctorofcredit.com/mastercard-overhauls-card-benefits-full-details-10-lyft-credit-cell-p...

DoC is also reporting that according to Nerdwallet, Extended Warranty and Price Protection are being removed.

[#2]

Mastercard World and World Elite cardholders in the U.S. will get new benefits, including a monthly $10 Lyft credit when you take 5 rides, 500 Fandango points for every 2 movies purchased, 5% back at Boxed.com , and $5 off $25 at Postmates. These benefits begins today. Cardmembers will also get cell phone insurance beginning July 1. These benefits are valid on consumer Mastercards only.

[kdm31091]

It’s nice to see a few real world benefits added as opposed to long lists of benefits no one actually uses. While none of these are super exciting to me, it’s a step.

[pinkandgrey]

I have never taken advantage of any WMC benefits, but that’s nice especially with the cell phone insurance. Too bad I pay my phone bill with a Visa..... lol

[NRB525]

The Lyft “benefit” is not really.  By the time I might get to 5 rides in a month, and the benefit is only on #6, I will probably be better off using Altitude Reserve for 4.5% with a certain benefit on all those rides, and certainly better off if it is only 4 rides in the month.  

Even Platinum is better because the first Uber ride of the month gets the benefit.  

[kdm31091]

---

@NRB525 wrote:

The Lyft “benefit” is not really.  By the time I might get to 5 rides in a month, and the benefit is only on #6, I will probably be better off using Altitude Reserve for 4.5% with a certain benefit on all those rides, and certainly better off if it is only 4 rides in the month.  

Even Platinum is better because the first Uber ride of the month gets the benefit.  

---

There are so many World/World Elite MC holders that they obviously cannot afford (or don't want to afford) to give out the same level of benefit a specific card product does. A specific product has far fewer holders than an entire subset of a network. There's just too many World/World Elite holders out there to expect any huge benefits.

[Anonymous]

Looked up the Master Card website ... what a worthless waste of time where I obtained zero information. Get more information on the MyFico site. In truth Visa has watered their site down. Seems as though there are a few potential core offerings and most card benefits fall to the lender.

[Andypanda]

https://www.doctorofcredit.com/mastercard-overhauls-card-benefits-full-details-10-lyft-credit-cell-p...

[kerplunk]

Does this mean that Citi Double Cash is losing its amazing extended warranty benefit? That would be quite unfortunate.

[Anonymous]

Hmm... wonder if the loss of extended warranty and price protection will be for all cards... if so, there are going to be a lot of unhappy vanilla MasterCard holders. 

I am glad I don’t rely on those benefits. 

The cell insurance benefit is a nice perk but with how much cell phones cost these days, it’s still not good enough for primary insurance. 

[UncleB]

---

@kerplunk wrote:

Does this mean that Citi Double Cash is losing its amazing extended warranty benefit? That would be quite unfortunate.

---

As long as the extended warranty is provided by Citi and not MasterCard you should be OK.