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I recently got my Capital One Savor One MC. I noticed on the back it has the "World Elite MC" stamp on the back of it.
Does anyone know if there are any nice benefits this offers in addition to the Savor One card itself I already know about. I'm wondering if it's basically the equivalent of a Visa "Signature". This is the only MC I have in my portfolio at the moment.
There are a bunch of perks depending on whether it's regular MasterCard, MasterCard World, or MasterCard World Elite.
Here's a few of the perks from the World Elite level cards:
https://www.mastercard.us/en-us/personal/find-a-card/world-elite-mastercard-credit.html
MC World Elite are not the same, the benefits that are included (or excluded... like Citi) will vary depending on the FI.
This are the benefits that Capital One includes in their MC World Elite cards (excluding Walmart). You can also check https://www.capitalone.com/credit-cards/benefits-guide/ to see all of their other MC and Visa benefits.
Okay... thanks. This is good information. I think I may have that info. in the Guide to Benefits that came with my Savor One card.
MasterCard and VISA both have three tiers of cards. VISA, VISA Signature, and VISA Infinity vs. MC, MC World, and MC World Elite. So the World Elite is roughly comparably to the Infinity. There are more possible benefits at each level, including things like extended warranty protection, travel protection, concierge service, and early access to certain events, but it's up the card issuer which benefits each card grants. The only way to be sure is to look at the cardmember's agreement for your specific card. Citi for example is known for issuing World Elite MCs with almost no benefits. The reason they do it is swipe fees. Merchants are dinged more for higher tier cards.
@Anonymalous wrote:MasterCard and VISA both have three tiers of cards. VISA, VISA Signature, and VISA Infinity vs. MC, MC World, and MC World Elite. So the World Elite is roughly comparably to the Infinity. There are more possible benefits at each level, including things like extended warranty protection, travel protection, concierge service, and early access to certain events, but it's up the card issuer which benefits each card grants. The only way to be sure is to look at the cardmember's agreement for your specific card. Citi for example is known for issuing World Elite MCs with almost no benefits. The reason they do it is swipe fees. Merchants are dinged more for higher tier cards.
I think You meant Infinite not Infinity.
@Anonymalous wrote:MasterCard and VISA both have three tiers of cards. VISA, VISA Signature, and VISA Infinity vs. MC, MC World, and MC World Elite. So the World Elite is roughly comparably to the Infinity.
While both are the highest tier of 3 (in the US) I don't think WEMC and VI are really equivalent. There are a number of no annual fee WEMC whereas most of the infinites have larger fees.
People's views vary but the short answer for me to WEMC perks is not all that useful, even if your card continues to have them!
@Anonymalous wrote:MasterCard and VISA both have three tiers of cards. VISA, VISA Signature, and VISA Infinity vs. MC, MC World, and MC World Elite. So the World Elite is roughly comparably to the Infinity. There are more possible benefits at each level, including things like extended warranty protection, travel protection, concierge service, and early access to certain events, but it's up the card issuer which benefits each card grants. The only way to be sure is to look at the cardmember's agreement for your specific card. Citi for example is known for issuing World Elite MCs with almost no benefits. The reason they do it is swipe fees. Merchants are dinged more for higher tier cards.
@Anonymalous -- slight correction with the above. There are actually 4 tiers for V/MC. Visa Platinum, Visa Gold, Visa Signature and Visa Infinite (not Infinity). For MC, Platinum MC, Gold MC, World MC and World Eilte MC. The Gold V/MC tier is not as widely available, but it's offered by a variety of regional banks and some CUs.
@FinStar wrote:
@Anonymalous wrote:MasterCard and VISA both have three tiers of cards. VISA, VISA Signature, and VISA Infinity vs. MC, MC World, and MC World Elite. So the World Elite is roughly comparably to the Infinity. There are more possible benefits at each level, including things like extended warranty protection, travel protection, concierge service, and early access to certain events, but it's up the card issuer which benefits each card grants. The only way to be sure is to look at the cardmember's agreement for your specific card. Citi for example is known for issuing World Elite MCs with almost no benefits. The reason they do it is swipe fees. Merchants are dinged more for higher tier cards.
@Anonymalous -- slight correction with the above. There are actually 4 tiers for V/MC. Visa Platinum, Visa Gold, Visa Signature and Visa Infinite (not Infinity). For MC, Platinum MC, Gold MC, World MC and World Eilte MC. The Gold V/MC tier is not as widely available, but it's offered by a variety of regional banks and some CUs.
Thanks, good information!