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Mastercard credit card benefits: What is the difference between each tier?

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Mastercard is one of the major credit card networks, along with Visa, Discover and American Express. While the differences between networks like Mastercard and Visa tend to be minimal, each network comes with a slightly different host of benefits. Mastercard credit card benefits range from basic purchase protections at the Standard level to exclusive travel perks, discounts and services at the World Elite level. In addition to these benefits, Mastercard cardholders will likely also be eligible for card benefits from their card issuer, particularly if they have a rewards credit card. These additional benefits can include things like account management tools, travel and retail discounts, banking apps and more.

If you’re considering opening a Mastercard credit card, there are plenty of options to choose from. Mastercard credit cards are broken down into several tiers, including Standard, Platinum, World and World Elite. Each tier comes with different associated benefits and perks, which we’ll explore below.

What is a Mastercard credit card?

As a credit card network, Mastercard facilitates transactions between card issuers and merchants. For example, if you have a Mastercard credit card from Capital One, and you use that card to make a purchase in a store, Mastercard processes the transaction between Capital One and the store, acting as a middleman to facilitate communication between the bank and the merchant.

Mastercard credit cards are issued by independent banks, credit unions and mid-to-large financial institutions. These include larger banks like Capital One and Citi, as well as smaller lenders like Navy Federal Credit Union and Deserve. Mastercard credit cards are easily identified by the Mastercard logo of two interlocking red and yellow circles.

What’s the difference between Standard, Platinum, World and World Elite Mastercards?

Mastercard credit cards come in different tiers, with each tier associated with different benefits. These tiers include Standard, Platinum, World and World Elite. Benefits can range from perks like zero liability protection to 24/7 concierge service and curated offers. While higher Mastercard tiers come with additional benefits, they are often also associated with higher annual fees. These benefits are typically at the discretion of the card issuer, so you should be sure to check with your bank and read the fine print before making a decision to open a new credit card.

Standard Platinum World World Elite
Zero liability protection Yes Yes Yes Yes
Mastercard Global Service Yes Yes Yes Yes
Mastercard ID Theft Protection Yes Yes Yes Yes
Priceless experiences No Yes Yes Yes
ShopRunner membership No No Yes Yes
Priceless Golf No No Yes Yes
Complimentary professional travel services No No Yes Yes
Mastercard hotel stay guarantee No No Yes Yes
Mastercard lowest hotel rate guarantee No No Yes Yes
Mastercard luxury hotel and resorts portfolio No No Yes Yes
Car, air, cruise and vacation packages No No Yes Yes
Mastercard Airport Concierge No No Yes Yes
Cellphone protection No No Yes Yes
Lyft discounts No No Yes Yes
DoorDash discounts No No Yes Yes
Fandango discounts No No No Yes
World Elite Concierge No No No Yes

Standard Mastercard benefits

The Mastercard Standard tier credit card is the lowest tier available, but it still comes with plenty of perks, including purchase protection and identity theft protection.

Zero liability protection

Zero liability protection protects cardholders in the event that someone makes an unauthorized purchase using their card. This includes purchases made online, in person, over the phone or at ATMs. In order to be eligible for zero liability protection, you need to report the fraudulent charges as soon as possible.

Mastercard Global Service

Mastercard Global Service is a nice perk for cardholders, especially those who travel frequently. This service allows you to report lost or stolen cards, access an emergency card replacement or cash advance, find ATMs, and get help with other questions or concerns you might have regarding your account.

Mastercard ID Theft Protection

Mastercard ID Theft Protection protects you from identity theft at no extra cost. The service monitors your credit report for potentially fraudulent activity, such as new cards or accounts opened in your name. If you are a victim of identity theft, you’ll also be assigned a resolution specialist to help guide you through the process.

Platinum Mastercard benefits

The Platinum Mastercard is the next tier up from Standard. This card includes all of the Standard Mastercard benefits, as well as additional rewards and experiences.

Priceless experiences

In addition to the Standard card benefits, Platinum Mastercard cardholders are eligible for curated benefits and offers from Mastercard’s Priceless Cities, which provides access to thousands of exclusive experiences around the world. These include extra perks and discounts in categories including travel, culinary arts, arts and culture, sports, shopping and entertainment.

World Mastercard benefits

The World Mastercard includes all of the perks and benefits that come with the Standard and Platinum Mastercards, as well as additional travel perks and upgrades.

ShopRunner membership

Word Mastercard cardholders receive a free ShopRunner membership with their card, which provides access to free two-day shipping and free return shipping at over a hundred online retailers. If you do a lot of online shopping and want your packages to arrive more quickly, the free ShopRunner membership is a nice addition.

Priceless Golf

Cardholders are eligible for exclusive offers and experiences with the PGA tour. This includes access to private country clubs and golf courses, golf experiences and events.

Complimentary professional travel services

If you need help planning your trip, you can access complimentary professional travel services as a Mastercard World cardholder. You can get help from experienced travel advisors 24/7 to plan your trip online or by phone.

Mastercard hotel stay guarantee

World Mastercard benefits also include Mastercard’s hotel stay guarantee. If you stay at a three-star hotel or higher and encounter any problems, Mastercard will work with the hotel to make it right or find comparable accommodations.

Mastercard lowest hotel rate guarantee

If you book a hotel stay through the Mastercard Travel & Lifestyle Services program and find a lower rate somewhere else, Mastercard will refund the difference.

Mastercard luxury hotel and resorts portfolio

Cardholders can access additional benefits at over 3,000 hotels and resorts around the world, including complimentary breakfast for two each day, amenity credits (worth up to $100) and more.

Car, air, cruise and vacation packages

World Mastercard cardholders can save on hotel stays, car rentals and flight bookings through Mastercard’s Travel & Lifestyle Services. This is a great perk if you travel frequently and are looking to save money on common expenses or gain access to additional perks (like free status upgrades).

Mastercard airport concierge

If you’re looking for personalized service, you can’t beat Mastercard’s airport concierge service. World Mastercard cardholders can arrange for a personal agent to escort them through the airport at over 700 destinations.

Cellphone protection

If your cellphone is stolen or needs to be fixed, Mastercard offers $1,000 in yearly coverage for phone replacement and repairs. Note, however, that there is a $50 deductible and terms apply. Still, this benefit can come in handy if something happens to your phone when you’re traveling far from home.

Lyft discounts

Cardholders are eligible for a $5 Lyft credit once per month when they take three rides within a month. If you use Lyft often, this is a nice perk to take advantage of.

DoorDash discounts

New DoorDash users can get three free months of membership, and DoorDash DashPass members will get $5 off their first two orders each month.

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.

Fandango discounts

For every $20 spent on movie tickets through Fandango, cardholders receive $5 off future movie tickets or at-home purchases. This is a great perk if you’re a movie fan.

World Elite concierge

If you’re looking for personal assistance for all things travel-related, Mastercard’s World Elite concierge service is a great benefit to have. This 24/7 concierge service can help you with anything from booking event tickets to purchasing gifts to making dinner reservations.

How to qualify for a Mastercard credit card

Mastercard does not directly issue credit cards to consumers; it partners with other financial institutions like banks and lenders. In order to qualify for a Mastercard credit card, you’ll need to apply for a card through one of these institutions.

While different lenders have different requirements for applicants, in general, you’ll need good to excellent credit and a history of responsible borrowing in order to qualify. In some cases, lenders may allow borrowers to see if they pre-qualify for a credit card without affecting their credit score. If you’re still working to raise your score or build your credit history, there are other options available, including secured credit cards and student credit cards.

The bottom line

Because different benefits and services can vary widely from card to card—including cards in the same Mastercard tier—you should be sure to compare different cards carefully and review all associated benefits in order to decide which Mastercard credit card is best for you. For most cardholders, the benefits from Mastercard may not be enough of a reason to choose a certain card in and of itself, but they represent nice additional features on top of the rewards a card already comes with.

Written by
Margaret Wack
Personal Finance Expert Contributor
Margaret has written for Money Under 30, MoneyGeek, The Simple Dollar, CreditCards.com, Interest.com and Fiscal Tiger, among other publications. She writes about subjects including saving, credit, insurance, investing and other financial topics.
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Reviewed by
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