@Aim_High wrote:
@AzCreditGuy wrote:
I had to look to see see what the Elite offers," World Elite Mastercard is the highest benefits tier that Mastercard has to offer. Eligible cardholders also get to enjoy perks such as a multitude of discounts with partnered merchants and up to $1,000 in cell phone insurance, as a result"
Yes, the World Elite is the highest tier offered by Mastercard, but the problem with this and other Mastercard/Visa's is that MC/VS doesn't mandate which benefits (if *any*) that the lender adds when they "upgrade" a card. Consequently, an "upgrade" like this often means little if anything to added benefits for the consumer. There are cards that offer great added value by the upgraded status, but they often charge annual fees (such as my Chase Sapphire Reserve as a Visa Infinite.) No AF cards (such as my AOD FCU Visa Signature) often bypass the benefits but get added swipe fees. The only way to find out which benefits you get is by checking with that specific lender.
Agree with you on those points, as I stated my Wells CC does the same thing. Cap 1 is making money off its consumers with the cellphone insurance or any third party, just like Wells. The difference is, I reward Wells by using the card and they reward me with with very good CLI.
