Mastercard Delivers Everyday Value and Enhanced Experiences to Consumer Credit Products
April 16 2019 - 9:00AM
Business Wire
New World and World Elite benefits are
delivered digitally to meet the needs of the always connected,
on-the-go cardholder
Consumers today want everyday value, enhanced experiences, and
peace of mind from the cards they choose to carry in their wallets.
Starting today, that’s just what they’ll get as World Mastercard
and World Elite Mastercard cardholders in the U.S. will begin to
automatically enjoy new benefits and experiences with merchants
they use regularly, including Lyft, Fandango, Boxed, and Postmates.
Starting July 1, they will also begin to get enhanced ID theft
identification and resolution solutions, as well as cell phone
insurance. The exclusive shopping and travel benefits World and
World Elite cardholders already enjoy will continue.
“Consumers live very differently in today’s
always-on digital world, and their expectations
have evolved. To better meet their needs, we are leveraging
technology to seamlessly embed products and
solutions into their everyday lives,” said Amnah Ajmal,
executive vice president, Core Products, North America. “We have
forged partnerships with popular digital brands to help us stay
ahead of the curve, anticipate trends, and redefine the consumer
experience.”
The always-on benefits provide everyday value and convenience to
cardholders, as the experience is delivered to them digitally.
Specifically, they include:
- Lyft: World Elite
cardholders will receive a $10 credit for every five rides taken in
a calendar month, which will be automatically applied to the next
ride, capped at once per month.
- Fandango: World Elite
cardholders will earn double Fandango VIP+ points for the movie
tickets they buy. This means cardholders will get 500 Fandango VIP+
points (worth $5) for every two movie tickets they purchase via the
Fandango app or Fandango.com, which can be used towards purchasing
movie tickets on Fandango or towards streaming movies and TV shows
on FandangoNOW.
- Boxed: World Elite
cardholders will earn 5% Cash Rewards on their Boxed purchases,
which can be used towards future purchases on Boxed.
- Postmates: World and
World Elite cardholders will receive $5 off every order of $25 or
more.
- Cell Phone Insurance: World and
World Elite cardholders will be eligible for Mastercard Cellular
Telephone Protection when they charge their monthly telephone bill
to their World or World Elite Mastercard. This benefit—with a
maximum liability of $600 per claim for World cardholders and $800
for World Elite cardholders—covers stolen or damaged mobile phones
as well as cosmetic screen scratches even if they don’t affect the
ability to make or take a call. Cardholders simply have to submit a
claim if they incur a loss, up to $1,000 per year.
- Mastercard ID Theft Protection™:
Cardholders who register for Mastercard ID Theft Protection will
have access to an enhanced Mastercard ID Theft Protection™ benefit
suite that provides end-to-end digital servicing to monitor their
personal information. Additionally, cardholders have access to a
team of identity theft resolution specialists, available 24 hours a
day, seven days a week, 365 days a year to help quickly resolve any
identity theft incidents that may occur.
“Consumers place tremendous emphasis on rewards and are ready
for a meaningful shift in how they are experienced. Gone are the
days of enrolling and signing up for a service, as benefits should
be seamlessly integrated into the merchant experience,” said Krista
Tedder, Director of Payments at Javelin Strategy & Research.
“The experience should be one which benefits merchant partners,
consumers, and card issuers alike.”
All benefits are subject to terms, conditions and limitations,
including limitations on the amount of coverage. Applicable banks
are beginning to roll out the above benefits; cardholders should
contact their issuing bank for additional information.
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a
technology company in the global payments industry. Our global
payments processing network connects consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. Mastercard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on
Twitter @MastercardNews, join the discussion on
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Mastercard Communications:Robyn
Cottellirobyn.cottelli@mastercard.com914.249.1347
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