Mastercard Announces New Benefits for Cardholders
On April 1, 2021, Mastercard announced new offerings for cardholders resulting from establishing partnerships with DoorDash and HelloFresh and expanding the existing ones with Fandango, Lyft, and ShopRunner.
Mastercard devised these changes to stay up to date with the new trend in online shopping observable among younger generations but further adopted by other demographics due to the COVID-19 pandemic. These benefits are bound to increase the value of the Mastercard for online shopping, in addition to some existing benefits that cardholders already enjoy, such as the Mastercard ID Theft Protection, 24/7 year-round access to a team of specialists that handle identity theft situations, Zero Liability Protection with Standard Mastercard, emergency assistance for a lost or a stolen card, Priceless™ experiences, and the Airport Concierge.
It’s certain that with these new changes added to the existing ones, Mastercard is steadily climbing to the top of the best secured cards list.
World and World Elite Mastercard cardholders new to DashPass will benefit from a three-month free membership covering unlimited free delivery and reduced service fees for orders over $12. These apply to a specific set of restaurants, grocery, and convenience stores. All DashPass members additionally get 5% credit back on every eligible pickup order when paying with a Mastercard World or World Elite card.
The partnership with HelloFresh brings customers a discount applicable to their first four purchases and 5% back on every purchase. Mastercard cardholders can use this for future orders at HelloFresh.
Lyft users who pay by World and World Elite cards are eligible for a $5 credit for every three rides they take within a month. This credit can be used for the fourth ride, but only once per month.
For every $20 spent on ticket purchases and digital movie rentals via Fandango, World Elite’s cardholders will receive a $5 reward for future purchases at Fandango.
Through the expanded partnership with ShopRunner, Mastercard provides its World and World Elite cardholders with a free one-year membership, valued at $79. Within this membership, customers receive free two-day shipping and free returns from their 100+ retailers.
“At Mastercard, we remain committed to ensuring that our cardholders get the highest value from their everyday spend by continuing to deliver offers with the merchants and categories with which they’re spending most frequently,” said Chiro Aikat, executive vice president of Product and Innovation in North America for Mastercard, in Mastercard’s official announcement.
I have always thought of myself as a writer, but I began my career as a data operator with a large fintech firm. This position proved invaluable for learning how banks and other financial institutions operate. Daily correspondence with banking experts gave me insight into the systems and policies that power the economy. When I got the chance to translate my experience into words, I gladly joined the smart, enthusiastic Fortunly team.
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