Credit Card Review: Elite Rewards® World MasterCard® Credit Card

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Estimate Reward Earnings

If you have good to excellent credit, and are looking for a credit card that gets you access to a great rewards program that gives you lots of earning and spending options, FIA Card Services, N.A. might have the card for you. Their Elite Rewards® World MasterCard® Credit Card gives you a variety of rewards to choose from, so you can always make the most of the points that you earn from all of your normal spending.

This rewards card doesn't limit the spending categories that you can earn points from. Wherever you are shopping and whatever you are buying, you will earn one point for every dollar that you spend on general purchases. While this card doesn't penalize you for shopping at any particular place, it does reward you for shopping at others, by doubling the points that you earn. For every dollar that you spend at participating merchants, you will earn two points. And you won't have to spend a fortune before you start to see your points add up. Just for making your first purchase on this card, you will receive 500 bonus points on your account, to get you started toward your rewards today.

You can then redeem your points for the rewards of your choosing. This card gives you all the flexibility you could want, so you can redeem your points for gift certificates, car rentals, flights on over 125 airlines based out of the U.S., and even hotel stays. The points that you can earn each year are limited to 7,500 per billing cycle, or 90,000 per year, but you will have four years to amass and redeem your points before they expire.

You get all of these rewards at no additional cost to you, because this card has no annual fee. It offers an introductory rate of 0% on both balance transfers and cash advance checks for your first twelve billing cycles. Once this period expires, this card assigns a very low fixed interest rate to those applicants who qualify. However, the rate that you receive individually depends entirely upon your personal credit history, so you will receive either 9.99% or 15.99%, if accepted.

In addition to these rates and rewards, you will also receive absolute fraud protection, secure access to your online account, and 24 hour customer service. This card offers great rewards, security, and flexibility, so you can feel good about using your credit card.

(Review Updated: March 05, 2008)

Estimate Reward Earnings

0% Intro APR on Balance Transfers for 12 Billing Cycles
9.9% Regular Fixed APR for Purchases
19.99% Regular Fixed APR for Cash Advances

25 days Grace Period

(* 0% APR on Balance Transfers and Cash Advance for Your First 12 Billing Cycles)

Finance Configuration: Average Daily Balance (including new purchases)

Additional Cardholders: $0

Late Payment Fee: $15 on balances up to $100; $29 on balances over $100 up to $250; $39 on balances over $250

Over-The-Limit Fee: None for World MasterCard® accounts only. $15 on balances up to $500; $29 on balances over $500 up to $1,000; $39 on balances over $1,000 for Platinum Plus® and Preferred accounts.

Cash Advance Fee: 3%, $10 minimum

Balance Transfer Fee: 3%, $10 minimum

Minimum Credit Limit: $2,000

Maximum Credit Limit: $100,000

Type of Reward: Point

Points per Dollar: 1.00

Bonus Points First Purchase: 500 Points

Expiration: 4 Years

Yearly Limit: 90,000 Points (7,500 points per billing cycle)

Additional Features for Elite Rewards® World MasterCard® Credit Card:

See website for additional benefits.

Important Notes for Elite Rewards® World MasterCard® Credit Card:

This card is issued by FIA Card Services, N.A.
The fixed APR for purchases and balance transfers varies according to the applicant's credit history and will be either 9.9% or 15.99%.
See website for complete terms and conditions of card usage and application disclosure.

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Notes: The review on Elite Rewards® World MasterCard® Credit Card was updated on March 05, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.