Consumer Payment Card News

Mastercard World is Now Your Oyster Imbedded with More Pearls

The Mastercard World and the Mastercard World Elite credit cards are getting a boatload of more U.S. benefits this summer. Mastercard, previously known as the credit card making “The World Your Oyster,” is adding more automatic digital shopping benefits, as well as cell phone insurance coverage and identity theft protection.

Mastercard World Pearls

The new insurance and protection pearls become effective July 1st.

World and World Elite cardholders in the U.S. 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.

World and World Elite 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.

New Shopping Benefits

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.

ShopRunner: Free 2-day shipping and free return shipping at 140+ online retailers, including Saks Fifth Avenue, Brooks Brothers, Kate Spade, Newegg, 1-800-Flowers and more and World Elite cardholders will receive $5 off every order of $25 or more.

Current Card Benefits

Mastercard is the only payment brand that provides its U.S. cardholders with services – at no extra cost – to help you detect and resolve identity theft.

Expert Resolution Services 

Expert assistance is available to help you 24/7 if you think your identity has been stolen. Call 1-800-Mastercard and you will be assigned a personal certified specialist who will guide you through the process every step of the way.

ID Theft Alerts

This service tracks thousands of websites to identify if your personal information is being bought or sold online.

Emergency Wallet Replacement

Experts assist you in quickly canceling and re-ordering the contents of your physical wallet such as your driver’s license, among other items. Call 1-800-Mastercard if you have lost your wallet and would like assistance.

Fuel Rewards Network

Find out how you can save even more money on fuel at Shell with Mastercard and the Fuel Rewards Network program.

Price Protection

Should you find a lower price for a new item within 60 days from the date of purchase using your eligible Mastercard, you may be reimbursed for the price difference.

Extended Warranty

Extended Warranty doubles the original manufacturer’s (or U.S. store brand) warranty and service contract/optional extended warranty, where each is 12 months or less. Coverage is for eligible items purchased with your Mastercard.

Mastercard currently has 231 million U.S. credit cardholders who charge more than $800 billion per year, according to CardData.