The MasterCard business is responsible for one of the four largest payment networks in the global payments industry. Master Card partners with institutions all over the world to offer MasterCard branded network payment cards. MasterCard payment cards exclusively use the MasterCard network for processing all transaction communications. Payment cards may be credit, debit, or prepaid cards. Continue reading to know more about MasterCards…

mastercard 1

Globally, there are twice as many transactions on Visa cards compared to MasterCard. However, things appear to be a bit more even in the Middle East, especially in the UAE. Unknown to many, MasterCard plastics come with a host of benefits. While some are specific to UAE, others are applicable to the entire Middle East. In this article, we will be discussing the benefits in detail. However, before we do that, it is important to understand the different variants of MasterCard credit cards.

There are four variants of Mastercard –Standard MasterCard, Platinum MasterCard, World MasterCard, and World Elite MasterCard. This is in increasing order of ‘premium-ness’, World Elite being the most premium card.

 

Read More:- 6 Best Balance Transfer Credit Cards in UAE for July 2020

  • Standard MasterCard

The MasterCard Standard Credit Card is an entry-level card that caters to a moderate lifestyle. The card features a number of advantages to supply that you simply can share together with your immediate relations by procuring add on cards for them. The card comes in handy once you need extra cash as you’ll make withdrawals from any ATM. Get complimentary insurance and buy protection which will put your mind asleep. Use your MasterCard across the world at merchant outlets and online. The card also can be used for mail orders, teleshopping and IVRS. Make shopping more enjoyable by buying what you want and paying for them up to 50 days later. Preference is given to existing customers and account holders. The benefits that you can avail through this card are:

  • Reward Points
    Activate the reward points scheme on your credit card and earn points on all your transactions. 
  • Cash Advance
    You can withdraw up to 50% of your credit limit as cash against your credit card account.
  • Zero Annual Fees
    With the MasterCard Standard card, there are no entrance or annual fees attached. Enjoy the benefits of this card without having to pay any subscription charges.
  • Add on cards
    Avail of add on cards for your family members for free. These cards also do not carry an annual fee. The family member should be above the age of 18 years.
  • Complimentary Accident Insurance
    You can also receive complimentary insurance against accidental death due to air crash or for death for any other reason. Insurance will also cover you against lost baggage, lost card, and give you purchase protection.
  • Complimentary Baggage Insurance
    You will be covered against lost baggage and related incidents for up to a certain amount to make your travels more peaceful.
  • Fuel surcharge waiver
    2.5% fuel surcharge will be waived if you use your card to purchase petrol and petroleum products above a certain amount.

Read More:- Can You Use Your UAE Credit Card Abroad?

  • Platinum MasterCard

Mastercard Platinum card is a premium level international credit card, allowing to effect non-cash payments at more than 25 million service points with no commission. Mastercard Platinum cards are issued with Chip&Pin technology allowing maximum security for your card. Cards are issued with three year period and are automatically renewed free of charge upon card expiration. Platinum MasterCard offers numerous benefits along with remarkable customer service. With the MasterCard Platinum Credit Card, you will get the following advantages:

  • Extra security for your convenience

Our Mastercard Platinum cards are secured with Chip&Pin technology and you also get confirmation of your card transactions via free SMS service

  • A grace period of up to 45 days

Get up to 45 days of grace period for all your non-cash transactions, in case you fully repay your statement balance.

  • Save money when you pay with your card

Enjoy discounts at more than 100 sales and service centers in Armenia when you pay with your Mastercard Platinum card.

  • Free international concierge service

You receive free international concierge service, which will help you effectively manage both your business and leisure time.

  • Emergency services abroad

Get your card re-issued within 48 hours, or receive cash within 24 hours in case of an emergency abroad.

  • World MasterCard

World MasterCard empowers you with the flexibility to explore the places and pursuits that mean the most to you. The combination of worldwide acceptance and valuable features means that you have the freedom to do exactly what you want, whenever you feel like it. This credit card comes with travel-specific benefits that give you the advantage of exceptional service. Credit cards in the World Mastercard program may come with these additional benefits:

  • Concierge services

Phone representatives to assist you with gift buying and delivery, event tickets, and other personal services.

  • Enhanced price protection

World Mastercard holders receive this protection for up to 120 days, as opposed to 60 for standard Mastercard customers.

  • Mastercard Airport Concierge

A paid meet-and-greet service that helps passengers with arrivals, departures, or changing planes at more than 450 airports around the world. Cardholders receive a 15% discount for the service.

  • Mastercard Travel Services

Makes travel arrangements for cardholders.

  • World Luxury Hotels & Resorts

Offers room upgrades, free breakfast, early check-in, and late checkout and special welcome amenities to cardholders who book their stay through this program.

  • Hotel stay guarantee

A Mastercard Lifestyle Manager will help if the three-star or higher-rated hotel you book isn’t working out.

  • Lowest hotel rate guarantee

If you find the same exact prepaid hotel stay for less, Mastercard will refund the difference.

  • Onefinestay

Get a 10% discount on thousands of rental homes around the world. Amenities include guest services available 24/7, high-quality toiletries and free Wi-Fi.

  • Mastercard Priceless Cities

Offers discounts and exclusive offers for luxury goods and services in select cities around the world.

Read More:- All About Metal Credit Cards in World And The Banks That Offer Them

  • World Elite MasterCard

World Elite cardholders enjoy all the standard and World Mastercard benefits listed above, plus the following:

  • Car rentals

Get a 25% discount when renting a vehicle with Avis or National or Sixt. Upon request, cardholders can also receive elite status with these companies.

  • Chauffeured car service

This program features savings on limousine services around the world at 20% off the standard price.

  • Private Jet Program

When first-class just doesn’t cut it, this program offers discounts from private jet charter operators Skyjet and Vitesse Worldwide.

  • Personal Travel Advisor and Mastercard Global Service Premium

These appear to be the same as the benefits offered by World MasterCards but purportedly come with more personal service.

  • Mastercard Priceless Cities

Take advantage of travel experiences that give you preferred access to VIP events, insider opportunities, special promotions, and more.

  • Mastercard Priceless Golf

These are golf offers and experiences with the PGA Tour for World Elite cardholders, as well as a Golf Concierge Service to access other golf benefits available.

  • Mastercard Hotel Stay Guarantee

If you book a three-star or higher rated hotel, and you aren’t satisfied, Mastercard says that it will have a Lifestyle Manager work with you to make it right.

  • Mastercard Lowest Hotel Rate Guarantee

If you find the same exact prepaid hotel stay for less, Mastercard will refund the difference.

Read More:- What Is The Required Minimum Salary For a Credit Card In UAE ?

Thus, these were the various benefits offered by the four different MasterCards. Note that some of these bonuses, such as Mastercard Priceless Cities and Mastercard Priceless Golf, are currently unavailable because of restrictions on gathering and social distancing as a result of the coronavirus. Before you choose a specific credit card for yourself, always make sure that the benefits of the card outweigh the amount or the annual fee that you are paying. Also, keep in mind that the card that you choose should support your personal lifestyle as well as financial goals. This will enable you to avail the maximum benefits of a card.