Last month Mastercard made changes to benefits offered on personal credit cards, including the introduction of a Lyft & Postmates benefit. Mastercard is now doing something similar, but this time for business cardholders. Business cards will now fall under two categories or levels, Business or World Elite.
Contents
Misc Benefits
- Intuit: Cardholders can receive a 40-50% discount off a 12-month subscription to Quickbooks online or Quickbooks Self-employed.
- 24/7 business assistant: Similar to the concierge services some personal cards offer. This will only be available to World Elite cardholders
- ID Theft Protection: Enhanced Mastercard ID Theft protection and access to a team of identity theft resolution experts 24/7.
Mastercard Easy Savings Program
Mastercard has a program called ‘Easy Savings‘ where you can save up to 10% on select merchants. They will be adding ‘premium merchants’ on July 1st. These premium merchants will be available to World Elite cardholders only. We don’t know merchants these will be as of yet or the cash back that will be offered.
Cell Phone Insurance
Cell phone insurance will be added for people who change their monthly telephone bill to their business Mastercard and will cover stolen or damaged mobile phones and also cosmetic scratches to the screen. This will be available to world elite cardholders only.
Receipt Management
Mastercard will partner with itemize corp to provide a mobile app to help track receipts.
Our Verdict
It’s hard to provide a verdict when we don’t know a lot about some of these changes. For example is the cell phone insurance the same added to personal cards? Are they removing any benefits like they did on the personal cards? What premium merchants are being added?
