What is the minimum income for a World Mastercard?
While there is no official minimum salary requirement for a credit card, issuers are still required to ensure that applicants can afford monthly payments. As a result, your chances of approval are better with a higher income.
Apply for your card
To be eligible you need to: Have a gross individual income of least $50,000 for applicant or $80,000 for household income, at least $250,000 in assets or at least $15,000 purchases (existing clients only) on your card per year.
| strong> | $80000 (individuals) OR $150000 (households). |
| strong> | $80000 (individuals) or $150000 (households). |
World Elite Mastercards typically require excellent or good credit to apply—defined by FICO as a score of 670 and up—and may carry an annual fee. If you don't frequently stay at high-end hotels, you may find a World Mastercard or the standard Mastercard to be a better fit.
It comes equipped with reward points for purchases, and travel-specific benefits that give you exceptional service. It is accepted at over 35 million locations worldwide; twice as many places as American Express5. The minimum credit line is $10,000.
The National Bank World Elite Mastercard may be worth it if you earn enough points to offset the annual fee. This may be easier than you think if you unlock all the welcome offers and, in general, spend a lot at grocery stores and restaurants.
Applications for the Triangle World Elite Mastercard are currently only being accepted online. Minimum $80,000 annual income or $150,000 household income is required.
World Elite Mastercard benefits
The Mastercard World Elite tier is the highest tier credit card from Mastercard. In addition to the benefits that come with the previous tiers, World Elite comes with perks like Fandango discounts and World Elite concierge service.
If your card is a World- or World Elite-level card, you'll usually see it identified as such right on the card.
As a World Mastercard® cardholder, you have access to Mastercard® Travel & Lifestyle Services, a suite of benefits, amenities and upgrades, preferential treatment and premium travel offers from best-in-class travel companies across hotels, air travel, tours, cruises, car rentals and more*.
Who gets World Elite Mastercard?
| Minimum age | Age of majority in the province or territory where you live |
|---|---|
| Legal status | Canadian resident |
| Gross annual income or Minimum purchases per year (existing client only) or Investable assets | $80,000 for applicant or $150,000 for household income $25,000 charged to the card annually $400,000 |
Eligibility: All Mastercard consumer credit cardholders in the US are eligible for this coverage. Access: Simply contact 1-877-288-6784 if you believe you have been a victim of Identity Theft.
| World Mastercard | Annual Fee | Min. Credit Needed |
|---|---|---|
| Santander® Ultimate Cash Back® Credit Card | $0 | Good |
| Synchrony Premier World Mastercard® | $0 | Excellent |
| HSBC Premier World Credit Card | $0 | Excellent |
| Security Service Power Cash Back World Mastercard® | $0 | Excellent |
The Capital One Quicksilver Cash Rewards Credit Card offers new cardholders Mastercard World Elite benefits that can protect purchases and travel experiences.
Yes, $50,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $50,000 or higher.
If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.
| Annual Fee | $99-World Elite Card None-ONLY Card℠, World Card |
| Transaction Fees | |
|---|---|
| Balance Transfer | Either $10 or 4% of the amount of each transfer, whichever is greater. |
| Cash Advance | Either $10 or 4% of the amount of each cash advance, whichever is greater. |
As a World Mastercard® cardholder, you have access to Mastercard® Travel & Lifestyle Services, a suite of benefits, amenities and upgrades, preferential treatment and premium travel offers from best-in-class travel companies across hotels, air travel, tours, cruises, car rentals and more*.
Mastercard's mid-tier level of benefits, World, includes everything you get with a Standard card, plus additional money-saving perks.
The World Mastercard from Security Bank offers similar features as the Security Bank Platinum Mastercard. The differences mainly lie in the rewards system, airport lounge access, and travel insurance coverage. Moreover, its annual fee is more expensive than that of the Security Bank Platinum Mastercard.
Is lounge access free with Mastercard world elite?
Most Mastercard World and World Elite credit cards offer membership to the LoungeKey airport lounges network. After that, you have to pay for each entry, which costs $32 US. Only ONE of these credit cards offers LoungeKey membership AND free visits (passes), and that's the BMO Ascend World Elite Mastercard®*.
World Elite™ Mastercard®
There are two ways to access lounges. First, you can simply present your eligible Mastercard and mention LoungeKey to the lounge staff. Or alternatively, you can present your digital lounge access code available after you register for an online account either on the website or app.
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.
Rogers World Elite Mastercard accounts must have an annual minimum spend (i.e. the total of Purchases made, less any Purchase returns) of at least $15,000 posted to the Account during each annual review period in order to maintain your eligibility for the Account.
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