By Jill Jaracz

2019-04-24

5 Min. To Read

* Editorial Disclaimer

This post may contain references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. The content or opinions contained within this post come from third party journalists or members of the CreditCardReviews.com Editorial Team and are not supplied by any of our partners.

Perks are great, right? And it's always a nice surprise when your credit card company decides to add some perks to your card, especially if they're ones you'd use on a regular basis.

As of April 16, World Mastercard and World Elite Mastercard holders have some new benefits tied to their cards for selected products and services, from companies including Lyft, Fandango, Boxed and Postmates. On July 1, they'll also receive benefits tied to ID theft and cell phone insurance. These new benefits will be on top of the ones already tied to the cards.

"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, in a statement. "We have forged partnerships with popular digital brands to help us stay ahead of the curve, anticipate trends, and redefine the consumer experience."

As the World Mastercard is a lower-tier card, it won't receive as many benefits, but they could still could still mean extra cash in your wallet. Mastercard's added a discount for Postmates, giving cardholders $5 off every order of $25 or more.

World Elite Mastercard cardholders get the Postmates discount, as well as special offers from Lyft, Fandango and Boxed.

With Lyft, World Elite cardholders get a frequent rider bonus. If you take five Lyft rides in a calendar month, you'll get a $10 credit for your next ride. The credit will be applied automatically, so you won't even have to think about it. This offer is only good once a month though, so if you Lyft to work everyday, you won't get a weekly benefit.

With Fandango, World Elite cardholders get extra points in Fandango's VIP+ loyalty program for movie and streaming rewards. Every time you buy two movie tickets on Fandango's app or through its website, you'll get 500 points, which equals $5.00. You can use the points toward future movie ticket purchases or on the FandangoNOW streaming service.

At Boxed, World Elite cardholders get a nice bonus on their cash rewards. For every Boxed purchase you'll get five percent cash rewards, and you can use those rewards for future Boxed purchases.

Starting July 1, both World and World Elite Mastercard cardholders will be able to get cell phone insurance if they pay their monthly cell phone bill with that credit card. The insurance covers stolen and damaged phones. It even covers screen scratches regardless of whether or not the damage limits your ability to use the phone. These benefits are tiered, depending on the type of card you have. World cardholders get up to $600 per claim, while World Elite cardholders get up to $800 per claim. Both groups can submit up to $1,000 in claims each year.

Finally, World and World Elite cardholders who sign up for Mastercard ID Theft Protection, a no-cost identity theft detection and identity theft resolution service, will get access to an "enhanced" version of the service that Mastercard says "provides end-to-end digital servicing to monitor their personal information." This will include access to identity theft resolution specialists who are available at any time to work with you on resolving any incidents.

The service itself includes ID Theft Alerts that monitor whether your personal identifying information and credit or debit card numbers are being bought and sold online. It also has an Emergency Wallet Replacement service to help you replace cards and documents in case your wallet is lost or stolen. It also provides assistance to get you through the process of what to do if your identity is stolen and how to repair the damage.

Even if you don't use the vendors associated with the new perks or pay your cell phone with your credit card, having the extra theft protection could be a valuable benefit, given the number of hacks and information floating around the Internet. It might be the perk that keeps that Mastercard firmly in your wallet.

World Mastercard and World Elite Mastercard holders have some new benefits tied to their cards for selected products and services, from companies including Lyft, Fandango, Boxed, and Postmates. They'll also receive benefits tied to ID theft and cell phone insurance.

Table of Contents