travel insurance world mastercard

MASTERCARD BENEFIT INQUIRIES

Your benefits may vary by card type and issuing bank or credit union. Refer to your issuing bank for complete benefit coverage terms and conditions or call Mastercard (0800-96-4767) for assistance. Certain terms, conditions and exclusions apply.

*Certain terms, conditions and exclusions apply. For more information, please refer to your benefits guide or contact your issuing financial institution. ↩

**Offers may not always be available and may expire, be changed, or removed without notice. ↩

1. Mastercard cardholders will receive up to 7% off when booking accommodations marked with the Mastercard label and prepaying for such accommodations using an eligible  Canada-issued  consumer or small business Mastercard credit card, excluding any such cards that are used through a mobile wallet solution (e.g. Apple Pay, Google Pay, etc.), at  booking.com/mastercardCanada .

Offer Period: April 1, 2024 – September 30, 2025, subject to early termination. Mastercard reserves the right to modify or cancel this offer at any time without notice. Neither Mastercard nor any participating financial institution card issuer has any involvement in or responsibility for Booking.com products or services and are not responsible for any claims or damages arising from the use of the Booking.com products or services.

Eligibility: This offer is available to Canadian residents who are holders of consumer credit and small business Mastercard credit cards issued in Canada.

Exclusions: Reservations booked but not prepaid are excluded from the promotion. Must select “Pay now” on the checkout page to receive the offer.

Additional Terms and Conditions: To receive the discount, bookings must be prepaid at the checkout and made exclusively through  booking.com/mastercardCanada . The discount is applicable only to prepaid bookings when the option “Pay Now” is selected at the checkout. The discount will be applied automatically at the time of checkout and discount will vary depending on the property and dates selected. The discount applies to the accommodation cost only and does not include any additional fees or taxes. Booking.com reserves the right to modify or terminate this offer at any time without prior notice. All bookings are subject to availability and Booking.com’s terms and conditions.   ↩

2. Offer expires 09/30/2024. New customers who pay for their first annual McAfee Total Protection for Mastercard subscription using an eligible Canada-issued Mastercard credit card will receive a special introductory price on a 13-month subscription term. Customers will also receive 13 months of McAfee TechMate at no additional cost. Limit one offer per cardholder. Unless you cancel your initial 13-month subscription at least 30 days before it expires, you will be charged the renewal subscription price in effect at the time of your renewal, and it will renew automatically for a 12-month term. You can cancel at any time or change your auto-renewal settings by accessing your My Account page . Pricing is subject to change. Mastercard reserves the right to modify or cancel this offer at any time without notice. You may request a refund by contacting McAfee customer support within 30 days of initial purchase or within 60 days of automatic renewal. Neither Mastercard nor any participating financial institution card issuer has any involvement in or responsibility for McAfee’s products or services and are not responsible for any claims or damages arising from the use of the McAfee products and services. Additional terms and conditions apply. Not all features may be available on all devices. For full terms and conditions, visit https://www.mcafee.com/mastercard-en-ca . ↩

3. Offer expires 09/30/2024. Certain terms, conditions and exclusions apply. For full details, please visit: http://www.boingo.com/legal/end-user-license-agreement-boingo-customer-agreement/ ↩

4. Certain terms, conditions and exclusions apply. For full details, please visit: https://mastercardtravelpass.dragonpass.com/terms-and-conditions ↩

5. Get emergency assistance virtually anytime, anywhere and in any language. Mastercard Global Service helps you with reporting a lost or stolen card, obtaining an emergency card replacement or cash advance, finding an ATM location and answering questions on your account. For more information, please visit: https://sea.mastercard.com/en-region-sea/consumers/get-support/global-services.html ↩

6. Zero Liability does not apply to Mastercard cards issued: to an entity other than a natural person; primarily for business, commercial, or agricultural purposes; until such time as that person’s identity is registered by or on behalf of the Issuer in connection with the issuance and/or use of such card, which registration may include appropriate customer identification program requirements; outside of Canada. ↩

All third-party trademarks are the property of their respective owners.

Priceless® Specials

Explore the world with mastercard's offers curated specially for you.

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Westpac Airpoints™ World Mastercard®.

An Airpoints™ World Mastercard® gives you access to credit up to an agreed limit, so you can pay for goods or services anywhere Mastercard is accepted, all while earning Airpoints Dollars™ and Status Points¹.

Airpoints™ benefits.

• Earn 1 Airpoints Dollar™ for every $95 spent on eligible purchases your card up to (and including) $15,000 then 1 Airpoints Dollar for every $190 spent on your card each month¹.
• Earn one Status Point for every $225 you spend on your card  on eligible purchases¹  and climb Air points™ membership tiers to enjoy exclusive travel benefits.
• Two complimentary Valet Parking eVouchers each year².
• Koru membership joining fee waived, plus get a $145 discount off a 12-month individual membership⁴.
• 200 Airpoints Dollars Advance available to you if you’re a little short on what you need for a reward⁹.
• Airpoints Dollars earned while you hold this card type will have no expiry date⁹.

Card benefits.

• Priority Pass lounge access to over 1,500 airport lounges around the world³.
• Up to 120 days of overseas travel insurance per round trip⁵.
• Extended Warranty Insurance of up to 12 months for goods purchased on your Airpoints World Mastercard, plus 90 days Purchase Protection that could cover loss, theft or accidental damage⁵.
• Six monthly account fee of $155 waived if you spend $50,000 or more between your fee charges⁶.
• Access to a wide range of travel experiences and privileges with  Mastercard Travel Services . Hotel, flights and card programs especially curated for you by Mastercard⁷.
• Up to 44 days interest free on purchases when you pay off your balance in full by the payment due date⁸  ( more about  credit card interest-free periods ) .
• Make contactless payments without a PIN for transaction amounts up to the local country limit.

What is a credit card?

A credit card gives you access to credit up to an agreed limit, so you can pay for goods or services anywhere Mastercard is accepted. 

With a credit card, you should aim to pay the balance owing in full each month to avoid paying interest on your purchases. There are other fees and charges that apply which are outlined on our website . 

If you’re looking to use a credit card for a large one-off payment, it might not be the right product for you. You can talk through your options with someone in our team either at your local branch or by giving us a call on 0800 400 600.

If you think a credit card is right for you, the next step is to decide which type of card to get. To help you decide which credit card is best for you, compare our cards . 

How to apply.

Keeping you safe., 24/7 protection.

With CardGuard ® you’re protected 24/7 from fraudulent activity 11 . So you can use your card anywhere, anytime, and leave your worries behind.

24-hour assistance

Whether you have lost your credit card or it’s been stolen, we’re always on hand to help. You can also apply a temporary block in Westpac One® online banking.

Safer online shopping

Mastercard® Identity Check is an extra layer of security that helps us make sure it’s definitely you that’s using your card online.

Smart ways to pay.

Enjoy all the benefits of your Westpac credit card by using your mobile device with Apple Pay¹² or Google Pay™¹³.

Interest rates are subject to change.

Up to 44 Interest free days on purchases when you pay off your balance in full by the payment due date⁸. More about credit card interest-free periods .

Fees are subject to change. Some overseas banks and ATMs may charge an extra fee for a cash advance.

Are you ready to travel?

If you have overseas travel plans, make sure you’re up to date with the latest benefits and exclusions of your Westpac World Mastercard travel insurance policy.

Things you should know.

1 Certain purchases and transactions do not earn Airpoints Dollars or Status Points, as applicable (see the applicable Credit Card Conditions of Use for full details), including: fees, charges or interest, balance transfers, credit card repayment insurance, tax payments (including local council rates and ACC Levies), gambling chips or gambling transactions (including online gambling), cash withdrawals from your account, money orders, travellers cheques and foreign currencies in cash, business-related purchases made with a Westpac Airpoints credit card other than a Westpac Airpoints Business Mastercard and transactions on any nominated account(s) linked to your Westpac Airpoints credit card. Status Points are earned on applicable credit cards only.  The tiered earn rates will reset at the start of each relevant month (being the statement period set out in your statement).

2 Valet Parking eVouchers will be automatically loaded and stored in your Airpoints Account, and are valid for a 12 month period. Each eVoucher entitles you to 24 hours complimentary Valet Parking at Auckland, Wellington or Christchurch Airports. For more details refer to Airpoints credit card benefits . 

3 Use of your Priority Pass card and access to Priority Pass airport lounges are subject to the Priority Pass Terms and Conditions. Airline, airport and other travel industry employees or contractors may not be eligible for access. 

4 May only be used in conjunction with Koru Individual Memberships. Koru programme terms and conditions apply.  Koru joining fee and/or Koru annual membership fee will not be refunded if it has already been paid to Air New Zealand.

5 Terms, conditions, exclusions and eligibility criteria apply (see applicable policy document for details), including a minimum spend for business travel. Travel, Extended Warranty and Purchase Protection Insurances arranged by Westpac and underwritten by AIG Insurance New Zealand Limited. Westpac does not guarantee the obligations of, or any products issued by, AIG.

6 $310 per year. Fee charged in advance in two six-monthly instalments of $155 each. This is refunded when you spend $50,000 or more in the previous six-monthly period.

7 Any costs incurred by using the Mastercard Travel Services are at the cardholder’s expense.

8  Interest free days give you access to interest-free credit - if you pay off your balance in full (excluding balance transfers) by the payment due date. Cash advances are not purchases and have no interest free days. See  credit card interest-free period page for how it works.

9 For details on Airpoints Dollars Advance and Airpoints Dollars expiry see  airnewzealand.co.nz/airpoints.  

10 Transaction fees do not apply when using ATMs within the Global ATM Alliance in the respective country shown. Institutions participating in the Global ATM Alliance are subject to change but currently include Deutsche Bank (Germany), Bank of America (United States), Scotiabank (Canada), Barclays Bank (United Kingdom), BNP Paribas (France), Westpac (Australia) and Westpac (New Zealand). The NZ$3 for debit card international transaction fee saving applies to Westpac customers only, and is subject to change. All other international and standard fees apply including foreign currency conversion fees apply – see the  Transaction and Service Fees Brochure  for details. 

11 Provided you notify us as soon as possible, have not acted fraudulently or negligently, and have complied with the card’s Conditions of Use.

12  Apple Pay is available to eligible Westpac debit and credit Mastercard customers. Customers also need a compatible Apple device. For a list of compatible Apple Pay devices, see Apple Support. Terms and conditions apply to Apple Pay, see Westpac Apple Pay Terms and Conditions for more information.

13  Google Pay is available to eligible Westpac debit and credit Mastercard customers. Customers also need a compatible Android device. For a list of compatible Google Pay devices, see Google Support. Terms and conditions apply to Google Pay, see Westpac Google Pay Terms and Conditions for more information.

14   Rate will apply to balance(s) transferred until that balance(s) is paid off.  Balance Transfer Terms and Conditions  and lending criteria apply. All applications are subject to Westpac approval. You cannot transfer a balance from a Westpac card or loan. You can transfer up to 95% of your available credit card limit. Your card must remain within its credit limit after the balance has been transferred. Balances cannot be transferred to a Mastercard® BusinessCard/Purchasing Card. Balance transfers do not earn Airpoints Dollars™ or hotpoints®. Payments you make to your Westpac credit card will first go to charges and interest accrued, then to cash advances and purchases, followed by balance transfers as they appear on your last statement. Payments will then be applied to transactions that have not yet appeared on a statement in the same order. If you have multiple balance transfer rates, payments will first be applied to the balance transferred on the highest interest rate. Interest rates are subject to change without notice. All new purchases, cash advances and any unpaid interest or fees will incur interest at the standard interest rate in accordance with the card’s  Conditions of Use . 

If you only make the minimum repayment each month, you will pay more interest and it will take you longer to pay off the unpaid balance.

You must be a member of Air New Zealand’s Airpoints™ programme to earn Airpoints Dollars.  Airpoints terms and conditions apply.

Airpoints™ and Airpoints Dollars™ are registered trademarks of Air New Zealand Limited.

Apple and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries.

Google Pay is a trademark of Google LLC.

Mastercard®  is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

Terms and conditions

Eligibility criteria, lending criteria, terms and conditions apply. See:

• Westpac Airpoints World Credit Card Conditions of Use
• Airpoints Terms and Conditions
• Transaction and Service Fees Brochure

View terms and conditions for all our credit card products . 

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Travel / Travel insurance / Travel insurance included

International travel insurance included with your card

For eligible credit cards, you must spend at least $500 in a single transaction on your prepaid travel costs and activate to ensure you receive any cover, including Overseas Medical cover # . For World Debit Mastercards, you need to activate to receive comprehensive cover. Overseas Medical cover and personal liability insurance is automatically included.

International travel cover eligibility & activation

Cards with comprehensive international insurance cover available.

International travel insurance is available with Low Fee Gold, Low Rate Gold, Gold Awards ^ , Platinum Awards * , Diamond Awards * , Smart Awards  and  Ultimate Awards CommBank credit cards and World Debit Mastercard when you activate your insurance in NetBank, the CommBank app or by contacting Cover-More .

Then you, your spouse and up to 10 accompanied children, if they’re travelling with you for the entire journey, are protected. 

If you don’t have an eligible CommBank credit card or World Debit Mastercard, take a look at our CBA International and Domestic Travel Insurance   instead.

Check if you are eligible

For eligible credit cards​

To receive cover, including Overseas Medical cover#, before you leave Australia you must:​

1.    Spend at least $500 in a single transaction on your prepaid travel costs using your eligible credit card; and​

2.    Activate your travel insurance​ ​You will also qualify if the $500 worth of prepaid travel costs is redeemed using CommBank Awards points.​ You will need to provide a copy of the letter/statement/email confirming the redemption.​

​For World Debit MastercardTM ​

You need to activate your insurance to receive comprehensive cover.  ​

Overseas Medical cover, which includes overseas emergency medical assistance and hospital expenses and personal liability cover is automatically included.  

Activate your included insurance in NetBank , the CommBank app or by contacting Cover-More .

Upgrade your cover to include more adventurous activities or if you or a family member travelling with you for the entire journey, has an existing medical condition that's been approved. A premium will apply.

Once activated, your Certificate of Insurance will be emailed to you shortly thereafter. If you don’t receive it or you’re unsure if it’s been activated, contact Cover-More on 1300 467 951 or email [email protected] .

Looking for a credit card with included international travel insurance?

Browse all cards

Check what's covered

This table is a summary of the key benefits and their maximum benefit limits. If any excess applies, it’ll be included on your Certificate of Insurance.

For everything that’s covered including benefit limits, sub-limits, conditions and exclusions, carefully read our  Credit Card Insurances Product Disclosure Statement  (PDF) or  World Debit Mastercard insurances Product Disclosure Statement and Information Booklet  (PDF).

If you have activated international travel insurance included in your CommBank credit card on or before 6 February 2024, please refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet – effective 2 June 2023

If you have activated international travel insurance included in your World Debit MasterCard on or before 9 August 2022, please refer to the World Debit Mastercard insurances Product Disclosure Statement and Information Booklet – effective 29 September 2021 .

Remember to check the  Travel Alerts page  regularly to see if there are any global events that can affect you and your travel insurance policy.

Doing more than relaxing? 

Consider adding activity cover. Refer to our  Credit Card Insurances Product Disclosure Statement  (PDF) or  World Debit Mastercard insurances Product Disclosure Statement and Information Booklet  (PDF) for more information.

Cruise cover  

• Available for an additional premium after you activate your insurance policy in NetBank or the CommBank app
• Lost or damaged formal cruise clothes, pre-paid shore excursion cancellation, cabin confinement due to illness or injury and marine rescue diversion

Snow sports cover

• Cover for hire, repair or replacement of snow sports equipment, alternative ski arrangements due to weather conditions and more
• Cover has clear exclusions e.g. not racing

Motorcycle/Moped riding cover

• Cover has clear exclusions e.g. not for motocross, and clear inclusions e.g. you must meet licensing eligibility criteria and wear a helmet

Adventure activities cover

• Designed for the intrepid traveller. It covers a range of more adventurous sports activities not automatically covered in your policy
• This includes bungy jumping, jet skiing, jet boating, horse riding, white water rafting, scuba diving to a depth of 30m and more
• Cover has some exclusions and eligibility criteria e.g. participating in a professional capacity

Any existing medical conditions?

Why this is important.

You and anyone travelling with you needs the reassurance that you’re protected, no matter what. That includes claims directly or indirectly relating to an existing medical condition.

Let’s debunk a myth - being honest about a medical condition doesn’t always mean you can’t get travel insurance.

It pays to be upfront when you answer this, give Cover-More a call if you’re not sure. 

What’s listed?

Many conditions can be automatically included on your activated policy provided you and your condition meet the specified criteria.

Conditions include:

• Coeliac Disease
• High Blood Pressure
• High Cholesterol

For a full list of conditions and criteria (including pregnancy), check our  Credit Card Insurances Product Disclosure Statement  (PDF) or  World Debit Mastercard insurances Product Disclosure Statement and Information Booklet  (PDF). 

Mine’s not there. Now what?

If all of your existing medical conditions or your travel companion’s conditions aren’t automatically included, you’ll need to complete an online health assessment as part of activating your travel insurance or call 1300 467 951 for help.

You’ll instantly know if they’re covered. If approved, you’ll need to pay an additional premium to cover your existing medical condition.

80 or over?

If you’re 80 or over, you must apply for Upgrades cover. Check our  Credit Card Insurances Product Disclosure Statement  (PDF) or  World Debit Mastercard insurances Product Disclosure Statement and Information Booklet  (PDF) for more information.

How to make a claim

Make a claim online or call cover-more - our travel insurance provider.

Make a claim online or call 8am - 5pm Mon - Fri and 9am - 4pm Sat (Sydney/Melbourne time)

• Within Australia: call Cover-More on  1300 467 951
• From overseas: call Cover-More on + 612 8907 5060   (call charges may apply)

If you’re unable to upload supporting documents, post them to:

CommBank Travel Insurance c/o Cover-More Private Bag 913 North Sydney NSW 2059 Australia

It’s important to also include your policy number and contact details.

What you'll need to submit your claim

If you need to make a claim, in addition to your Certificate of Insurance, you’ll need to provide evidence of a minimum $500 pre-paid travel, trip-related transaction made before leaving Australia, on your eligible credit card statement (or confirmation of redemption if using CommBank Awards points).

The transaction cannot appear on another account, for example, your debit card or savings account.

View  how to make a claim  to see what you should consider and which documents and information to have handy before making your claim.  

Other Insurances

A range of other insurances are also available on eligible credit and debit cards.

Please read the  Credit Card Insurances Product Disclosure Statement  (PDF) for Low Fee Gold, Low Rate Gold, Gold Awards^, Platinum Awards*, Diamond Awards*, Smart Awards and Ultimate Awards credit cards or the  Credit Card Insurances Information Booklet  for Low Rate Standard, Low Fee Standard, Awards Standard and Essentials Credit Cards or the  World Debit Mastercard insurances Product Disclosure Statement and Information Booklet  (PDF) for more information.

In an emergency

Make a local or international call

Within Australia:  call Cover-More on 02 8907 5641  (24/7)

Within Australia, to report a lost or stolen CommBank card:   call us on 13 2221  (24/7)

From overseas: call Cover-More on +61 289075641  (24/7)

From overseas, to report a lost or stolen CommBank card: call us on + 61 2 9999 3283  (24/7)

Managing your travel insurance policy online

Update your contact details, locate your Certificate of Insurance, add or remove travellers and make changes to your travel insurance policy.

Discover how

We're here to help

Message us in the CommBank app or call to connect to the right help.

Get instant help from our virtual assistant or connect to a specialist.

Search support and our most frequently asked questions.

Find a branch

Find a branch, ATM or specialist near you.

Things you should know

^  Gold Awards cards are no longer available for sale from 23 March 2018.

* Platinum Awards & Diamond Awards cards are no longer available for sale from 3 June 2023.

#  For eligible credit cards, you will need spend at least $500 in a single transaction on your prepaid travel costs (e.g. the cost of your return overseas travel ticket, prepaid accommodation, cruise, travel or tour) by charging the cost for that trip on your eligible card account before leaving Australia and activate to receive any cover, including Overseas Medical cover. You will also qualify if the $500 worth of prepaid travel costs is redeemed using CommBank Awards points. You will need to provide a copy of the letter/statement/email confirming the redemption.

Insurance is provided by Zurich Australian Insurance Limited, ABN 13 000 296 640, AFS Licence Number 232507 through its agent Cover-More Insurance Services Pty Ltd ABN 95 003 114 145, AFSL 241713 (Cover-More) for Commonwealth Bank of Australia (CBA).

Terms, conditions, restrictions, exclusions (including for pre-existing medical conditions and persons aged 80 years or over), benefit limits, sub-limits and excesses may apply to all insurances. Please read the  Credit Card Insurances Product Disclosure Statement and Information Booklet (PDF) for Low Fee Gold, Low Rate Gold, Gold Awards^, Platinum Awards, Diamond Awards, Smart Awards and Ultimate Awards credit cards or the Credit Card Insurances Information Booklet  for Low Rate Standard, Low Fee Standard, Awards Standard and Essentials Credit Cards or  World Debit Mastercard insurances Product Disclosure Statement and Information Booklet  (PDF) for more information.

If you have activated international travel insurance included in your CommBank credit card on or before 6 February 2024, please refer to the Credit Card Insurances Product Disclosure Statement and Information Booklet – effective 2 June 2023 .

If you have activated international travel insurance included in your World Debit MasterCard on or before 9 August 2022, please refer to the  World Debit Mastercard insurances Product Disclosure Statement and Information Booklet – effective 29 September 2021 .

Where used, the term “unlimited” only means there is no capped dollar sum insured. All costs and expenses claimed must be reasonable. You are only covered for treatment received and/or hospital accommodation during the 12 month period after the sickness first showed itself or the injury happened. Sub-limits may apply.

The target market for this product will be found within the product’s Target Market Determination,  available here .

For products offered by Cover-More, information about the Target Market can be found in the Target Market Determinations (TMD) available  here .

CBA and its related bodies corporate do not issue or guarantee this insurance. It does not represent a deposit with or liability of either CBA or any of its related bodies corporate. We do not provide any advice on this insurance based on any consideration of your objectives, financial situation or needs. If you purchase an upgrade policy, we (CBA) receive a commission which is a percentage of your premium.

Comparing Visa Signature and World Elite Mastercard benefits

Editor's Note

Are you looking for a new rewards credit card? You may be evaluating various welcome offers, rewards and redemption options, but when considering a credit card's features, don't forget to look at the benefits of the card's payment network.

The Visa Signature and Mastercard World Elite programs are two of the largest and most widely accepted credit card payment networks in the U.S., and both provide benefits for select rewards cards. We compare both programs to help you decide which one has the benefits you will use the most.

Visa Signature overview

Visa Signature is a benefits package offered by Visa on certain premium Visa credit cards . The list of benefits Visa Signature cardholders receive falls somewhere between basic Visa card benefits and ultra-premium Visa Infinite benefits.

Visa Signature perks include travel and emergency assistance services, roadside dispatch, emergency card replacement and retail offers and perks.

For example, credit cards in the Visa Signature line, including the Chase Sapphire Preferred® Card , offer tremendous benefits to users. These include online discounts when you shop with Visa's growing network of partners and enhanced travel benefits.

Mastercard World Elite overview

Likewise, the World Elite Mastercard line , which includes cards such as the Capital One Savor Cash Rewards Credit Card and the Citi Strata Premier℠ Card (see rates and fees ), offers expanded benefits not available on a standard Mastercard credit card .

Perks include exclusive partner discounts, World Elite Concierge service and cellphone protection on select World Elite cards.

To see if you're carrying a World Elite Mastercard or Visa Signature card, look for the payment network logo, typically located on the bottom right of the card. Then, look for the word "Signature" under the Visa logo or the word "World Elite" above the Mastercard logo.

If you're shopping for a premium Visa or Mastercard, there's a good chance your new card will include one of these payment networks. Now, let's see which program suits your lifestyle best by comparing their various benefits.

The information for the Capital One Savor card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Related: The best credit cards with price protection

Discounts and credits

People are spending more than ever on monthly streaming subscriptions , ride-hailing purchases and food delivery services. Credit card benefit programs like Mastercard World Elite and Visa Signature can help you save money by offering discounts and credits on these and other purchases.

World Elite

Mastercard recently added the following discounts and credits to make its World Elite program more competitive:

• Instacart : World Elite cardholders enjoy two months of free delivery with Instacart+ and $10 off their second order each month (valid until March 31, 2025).
• Lyft : Each month you take three or more Lyft rides, you'll get an automatic $5 credit once per month to apply to future rides.
• Peacock : Use your World Elite Mastercard to pay for Peacock Premium or Peacock Premium Plus each month, and get a monthly discount of $3 or $5 off (valid until March 31, 2025).
• ShopRunner : You'll receive a free ShopRunner membership, which gives you access to free two-day and return shipping for more than 100 online retailers.

You can also enjoy other valuable perks, such as access to Priceless Experiences, Mastercard Travel & Lifestyle Services and World Elite Concierge.

Visa Signature

Visa Signature offers dozens of money-saving deals, which you can view on the Visa Signature website. For example, you can save up to 35% or more at online retailers, from Hertz to various hotels. You also receive three months free of Shipt. You can put your Visa Signature savings toward your next trip — or whatever you'd like.

Winner : In our view, the World Elite program is better for tangible, money-saving perks. For example, if you spend a lot of money on food delivery or online shopping, you can save a bundle through Mastercard World Elite. Related: Best grocery credit cards

Fraud protection and card security

Visa and Mastercard both take security and fraud protection seriously. For that reason, their Signature and World Elite cards carry fraud protection, emergency card replacement and other security features that go above and beyond cards outside these programs. Let's compare their offerings.

Traditional Visa cards offer many protections, including:

• Zero liability for fraudulent charges
• Emergency card replacement (within 24 to 72 hours)
• Emergency cash disbursement (within two hours)
• Lost or stolen card reporting
• Roadside dispatch (pay per use)

While many extra benefits are ultimately up to the card issuer, some (not all) Visa Signature cards also provide the following:

• Cellphone protection
• Emergency medical and dental coverage
• Price protection
• Return protection
• Emergency evacuation
• Extended warranty
• Purchase protection

Related: Best cards for phone protection

Most Mastercard products offer fraud protection and security benefits, including:

• Zero liability fraud protection
• Mastercard ID Theft Protection™

The World Elite program offers extended benefits such as an extended warranty and purchase protection. Depending on your card, you may be eligible for car rental insurance .

While it's getting harder to find cards that provide cellphone protection, select Visa Signature and World Elite cards reimburse you for damage or theft to your mobile phone if you pay the monthly bill with the credit card.

Winner : Visa Signature gets the edge thanks to a longer list of protection and card security benefits. However, it's important to look at the benefits of the specific Visa Signature card you are considering because some offer more than others.

Travel protections

If you travel frequently, you'll want to ensure that your credit card offers travel-related protections, whether on a road trip or outside the country.

The Visa Signature program includes the following travel protections on all cards:

• Auto rental collision damage waiver
• Roadside dispatch
• Travel and emergency services

Visa also offers the following benefits on a select number of cards within the Visa Signature program, depending on the issuer:

• Lost luggage reimbursement
• Hotel theft protection
• Trip delay reimbursement
• Trip cancellation and interruption insurance
• Travel accident insurance
• Baggage delay coverage

Mastercard recently removed many travel protections consumers previously relied on, including travel insurance. Besides car rental insurance, it advertises nothing of note that would make the World Elite program stand out in travel coverage.

Winner : Visa Signature travel protections are unmatched. If you require travel insurance while you're away, the Visa Signature card might be your best option since Mastercard offers little coverage. That said, always consider the full list of benefits for each specific credit card before making a final decision.

Related: Where to go in 2024: The 16 best places to travel

Travel benefits

One-of-a-kind experiences and access to special events are key reasons why frequent travelers covet the cards in these programs. From luxury experiences to free hotel stays , there is no shortage of perks to enjoy.

The World Elite Mastercard program offers Priceless Experiences, which gives cardholders access to unique experiences and special discounts in more than 40 cities worldwide. You can also receive up to 7% off in additional discounts on prepaid stays through Booking.com, one of the world's leading travel booking websites.

While traveling, World Elite members receive complimentary Wi-Fi at over 1 million Boingo hot spot locations and access to over 1,300-plus airport lounges through the Mastercard Travel Pass provided by Dragon Pass.

Visa Signature members benefit from special guest status at over 900 Visa Signature Luxury Hotel Collection properties and discounts at places such as wineries and golf courses across the U.S. You can also take advantage of Visa Signature rental car privileges.

Winner : Mastercard World Elite wins for its wide range of travel-related perks, including useful Booking.com discounts, free Wi-Fi hot spots and airport lounge access. The Priceless Experiences perk is an added bonus.

Related: The best credit cards for concert tickets and VIP access

Top Visa Signature cards

Although not an exhaustive list, here are three top cards that fall under the Visa Signature program.

Alaska Airlines Visa Signature credit card

Welcome offer : Buy one Alaska Airlines ticket, get one for just the taxes and fees starting from $23 ($0 fare) and get 50,000 bonus miles after spending $3,000 or more on purchases within the first 90 days of account opening.

Annual fee : $95

Why we like it : Alaska Airlines Visa Signature® credit card holders earn 3 miles on eligible Alaska Airlines purchases and 2 miles per dollar spent on eligible gas and electric vehicle charging station purchases, as well as local transit, ride-hailing, cable and select streaming services purchases.

For each account anniversary, you also receive a companion fare starting at $122 ($99 fare plus taxes and fees from $23) after spending $6,000 or more on purchases the prior anniversary year. Alaska miles are especially valuable because of the carrier's many partner airlines.

Read our full review of the Alaska Airlines Visa .

Apply here: Alaska Airlines Visa Signature

Marriott Bonvoy Boundless® Credit Card

Welcome bonus : Earn 125,000 Bonus Points after spending $5,000 on purchases in your first three months from account opening.

Why we like it : The Marriott Bonvoy Boundless® Credit Card is an affordable, mid-tier product in the Marriott Bonvoy credit card family.

While it isn't the best choice for everyday purchases, it's a great choice for Marriott loyalists. It offers an annual free night certificate (up to 35,000 points) on each cardmember anniversary and automatic Silver elite status with a pathway to Gold.

Read our full review of the Marriott Boundless card .

Apply here: Marriott Bonvoy Boundless Credit Card

Chase Sapphire Preferred Card

Welcome offer : Earn 60,000 bonus points when you spend $4,000 on purchases in the first three months.

Annual Fee : $95

Why we like it : With the Chase Sapphire Preferred® Card, you'll earn 5 points per dollar spent through Chase Travel℠; 3 points per dollar spent on dining purchases and takeout, online grocery purchases and select streaming services; 2 points per dollar spent on other travel; and 1 point per dollar spent on all other purchases.

You'll earn points through Chase's Ultimate Rewards program , which can be transferred to points or miles with airline and hotel partners or redeemed for travel directly through Chase. You can also choose gift cards or cash back through the Chase portal , although you'll get a better return if you hang onto your points to use for travel.

Read our full review of the Chase Sapphire Preferred card .

Apply here: Chase Sapphire Preferred Card

Top World Elite Mastercards

Among the many available World Elite cards, here are three of the best for travelers.

Bilt Mastercard

Welcome offer : None

Annual fee : $0 (see rates and fees )

Why we like it : The Bilt Mastercard® earns transferable points when you pay rent and don't pay any fees. The card also earns 3 points per dollar spent on dining, 2 points per dollar spent on travel and 1 point per dollar spent on up to $100,000 in rent and all other purchases (cardholders must use the card five times each statement period to earn points). Bilt has over 15 transfer partners .

Read our full review of the Bilt Mastercard .

Apply here: Bilt Mastercard

Capital One Savor Cash Rewards Credit Card

Welcome offer : You will receive a $300 cash-back bonus after you spend $3,000 on purchases in the first three months of account opening.

Why we like it : You'll earn an attractive 4% on dining, entertainment and popular streaming services and 3% back at grocery stores (excluding superstores like Walmart and Target).

Read our full review of the Capital One Savor card .

Citi Strata Premier Card

Welcome offer : Earn 70,000 bonus points after spending $4,000 in the first three months of account opening

Annual fee : $95 (see rates and fees )

Why we like it : The Citi Strata Premier℠ Card is a mid-tier travel rewards card . You'll earn 10 points per dollar spent on hotels, car rentals and attractions (excluding air travel) booked through the Citi travel portal; 3 points per dollar spent on restaurants, supermarkets, gas and EV charging stations, air travel and hotel purchases; and 1 point per dollar spent on everything else. You also receive an annual $100 hotel credit.

Read our full review of the Citi Strata Premier .

Apply here: Citi Strata Premier

Bottom line

There is no clear front-runner when it comes to the Visa Signature and World Elite Mastercard programs. Visa offers more security and insurance protections, but Mastercard leads the way in travel-related benefits and useful money-saving perks.

You can find excellent credit cards under both programs, so it might be best to have at least one card that belongs to each program. Before you apply, understand each card's specific benefits package, especially regarding Visa Signature cards, since the offerings vary. Always check with the card issuer for the exact benefits package.

For rates and fees of Bilt Mastercard, click here . For rewards and benefits of the Bilt Mastercard, click here . For rates and fees of the Citi Strata Premier, click here .

Related: Quick Points: Book through Visa Signature Hotels for elitelike perks

Updated 7/17/2024

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The world is yours

Congrats on landing your new Tangerine World Mastercard®. There’s a lot to look forward to. But first, let’s get you set up with a few things you should know.

Your Card’s on its way:

Now that you’ve been officially approved, you’ll need an actual Card. And you can expect yours to arrive in about  10 business days .

Steps for activating your new Card:

Log in and choose your Tangerine World Mastercard® Account under ‘Spending’.

For desktop, hit ‘Activate’. For mobile, go to ‘More Actions’ and then hit ‘Activate’.

Enter your CVC (the three digits on the back of your card) and your PIN, then hit the ‘Activate’ button.

Spend smart and confidently

No matter what device, we’ve got you covered. Add your Tangerine Client Card and Credit Card to your mobile wallet and use it where contactless payments are accepted.

Add an authorized user

It's easy to add an Authorized User to your Account. Once you’re logged in, click your Credit Card Account and go to ‘Account Details’. Click ‘Manage’ under ‘Authorized Users’.

Remember, as the Primary Cardholder, you’re responsible for paying for the entire balance on your Credit Card Account, including any charges made by Authorized Users.

Download the app

Don’t have our Mobile Banking app yet? Download it today, so you can bank easily from anywhere.

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Additional Card features

Free cards for authorized users on your account.

Add up to 5 people – one Account, multiple Cards, no extra charge. 

Easy online Pause My Card feature–in case you need it

If you ever think you’ve lost or misplaced your Card, there’s no need to panic. With a couple quick clicks, you can temporarily suspend it.

Rental Car Collision/Loss Damage Insurance and Mobile Device Insurance**

Get damage & theft protection for car rental plus up to $1,000 of coverage for your mobile device.

Purchase Assurance and Extended Warranty**

You may receive a lifetime maximum of up to $60,000.

World Mastercard® Benefits

Mastercard® travel rewards*.

While travelling outside Canada, use this Card to unlock cashback offers at participating merchants.

Mastercard® Travel Pass Provided By DragonPass***

Exclusive dining, retail and spa offers in over 650 airports worldwide, along with access to over 1,300 airport lounges at $32 USD per visit.

Boingo Wi-Fi for Mastercard®*

Stay connected with access to more than 1 million Wi-Fi hotspots around the world.

On-Demand and Subscription Services*

Enjoy special benefits and offers from on-demand apps & subscription services.

Check out these helpful articles

Credit cards vs. debit cards: what's the difference.

Knowing how credit cards and debit cards work can impact your purchasing decisions and how you manage your finances. Read on to learn the key differences.

Picking the right rewards credit card

One way to get the most out of your credit card purchases and add a bit of wiggle room back into your budget is to have a card that offers a rewards program. 

Important Notice: Effective October 3, 2024, the annual interest rates will increase from 19.95% on Purchases, Cash Advances, and Balance Transfers, to 20.95% on Purchases and 22.95% on Cash Advances and Balance Transfers.

This means that if we don’t receive your Minimum Payment by the payment due date as shown on 2 consecutive monthly statements, your annual interest rates will increase to 25.95% on Purchases, and 27.95% on Cash Advances and Balance Transfers. These rates will then remain in effect until we receive your Minimum Payments by the payment due date for 12 consecutive months.

These new annual interest rates will apply to your Tangerine Credit Card Account effective the first day after your October 2024 statement date.

Legal Stuff

General Terms:

Applicants must apply for the Card and must consent to a credit check. Accounts must be in Good Standing in order to receive Money-Back Rewards. See the  Tangerine Money-Back Rewards Program Terms & Conditions  for full details.

Balance Transfers are treated as Cash Advances and interest applies from the transaction date that appears on your monthly statement to the date you repay the balance in full. There is no interest-free grace period on Cash Advances or Balance Transfers. Annual Interest Rates: The annual interest rate on Purchases and Cash Advances (including Balance Transfers) is 19.95%. Rates are subject to change. If you don't make 2 consecutive monthly Minimum Payments, or at any time thereafter, an interest rate of 24.95% will apply to your Account on Purchases and Cash Advances (including Balance Transfers). Other Fees and Rates: These fees are charged on the day the transaction occurs (unless otherwise indicated): Cash Advance: $3.50 within Canada, $5 outside of Canada; Balance Transfer: 3% or minimum of $5 (unless reduced or waived) of the amount transferred when it is posted to your Account. Dishonoured Payment: $25; Rush Card: $25; Over-Limit: $25 (maximum one Over-Limit charge per monthly statement period); Past Statement Reprint: $5 per past statement. There is no charge for a reprint of your current monthly statement. Foreign Currency Conversion: When the converted transaction amount gets posted to your Account, we'll add a foreign currency conversion fee of 2.50% to the converted transaction amount. See your Information Box in the application for full details or visit Tangerine.ca/CreditCardLegal . Rates and fees are subject to change. † Balance Transfer Promotional Offer at 1.95% for 6 months (1% Balance Transfer Fee) A Promotional Rate of 1.95% will apply to any and all Balance Transfers made within 30 days of the Account opening, and will remain in effect for 6 Statement Periods from the date the last such Balance Transfer was posted to the Account (the “Promotional Rate Period”). To take advantage of this Promotional Offer, you must complete the Balance Transfer request within 30 days of Account approval. You must also activate your Card within 45 days of Account approval for the requested Balance Transfer to be processed, or the Balance Transfer will be automatically cancelled. Balance Transfers are treated as Cash Advances on your Card and do not have an interest-free grace period. Balance Transfers may not exceed the available credit on the Account. If the Balance Transfer exceeds the available credit, the Balance Transfer transaction will not be processed. A 1% Balance Transfer Fee will be charged on each Balance Transfer amount and will be immediately charged to your Credit Card. This Balance Transfer Fee is waived by Tangerine if you are a resident of the province of Quebec at the time you accept this offer. Interest does not accrue on the Balance Transfer Fee, however it is included in the Minimum Payment amount on your monthly statement. You must continue to make all of your monthly Minimum Payments by the Payment Due Dates shown on your monthly statements to not lose your promotional rate on your Balance Transfer if you miss making 2 Minimum Payments by the Payment Due Dates shown . If you still have an amount owing from your Balance Transfer when the Promotional Rate Period ends, the Cash Advance interest rate (currently of 19.95%) will apply to that amount. You must continue to make the minimum payments on your other account, until the  Balance Transfer has been processed to your Account. Balance Transfers may not be used to transfer money to or from another Tangerine Account. See the Tangerine Credit Card Cardholder Agreement for more information about how we apply payments to your Account.

* Certain terms, conditions and exclusions apply. For full Mastercard World Benefit terms, visit  mastercard.ca/world . For additional terms applicable to Boingo Wi-Fi for Mastercard, visit  www.boingo.com/legal/end-user-license-agreement-boingo-customer-agreement/ . For additional terms applicable to Mastercard Travel Rewards, visit  mtr.mastercardservices.com/en/tnc . All Mastercard World Benefits are provided by Mastercard International or its affiliates or other third parties. Tangerine Bank is not responsible for any Mastercard World Benefits.

** Damage and theft protection for your car rental when you rent for up to 31 consecutive days and charge the full cost of your rental to your Card. Protection on new cell phones, smartphones or tablets when you charge the full cost to your Card, or when you purchase it through a plan and charge all of your wireless bill payments to your Card. Covers up to $1,000 if your mobile device is lost, stolen, accidentally damaged or experiences mechanical failure. For most new purchases made anywhere in the world using your Tangerine World Mastercard®, you may receive a lifetime maximum of up to $60,000 for the following insurance coverage:

• Purchase Assurance to automatically cover loss, theft or damage on most new insured items for 90 days from the date of purchase

• Extended Warranty which may double the period of repair services to a maximum of one year

Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries, and affiliates carry on business in Canada under the name of Assurant®. ®Assurant is a registered trademark of Assurant, Inc. Coverage is subject to eligibility, limitations and exclusions. For details of the coverage, including definitions and benefits, refer to the Certificate of Insurance provided with the card.

*** Offers vary by location. More details are available at  Mastercard® Travel Pass  or the Mastercard app. For full terms and conditions of use, go to  mastercardtravelpass.dragonpass.com/terms-of-use . The Mastercard Airport Experiences offers are made available to you through Mastercard. Tangerine Bank is not responsible for the Mastercard Airport Experiences or any offers made available under those offers. Fees for this benefit are subject to change by Mastercard. Cash Advances (including Balance Transfers) do not earn Tangerine Money-Back Rewards. See the terms and conditions of the Tangerine Money-Back Rewards Program at  Tangerine.ca/CreditCardLegal  for full details on other items that do not earn Tangerine Money-Back Rewards.

* Rewards Promotional Offer: The Tangerine 10% Limited-time Promotional Offer (the “Offer”) is only available to new Tangerine Credit Card Account holders who (i) apply for a Tangerine World Credit Card (the “Account”) by October 31, 2024, (ii) activate their Account within 45 days of approval, and (iii) have up to a maximum of $1,000 in total Net Purchases posted to their Account within the 60-day period beginning on the date the Tangerine World Credit Card is activated. “Net Purchases” include purchases charged to the Account (less any refunds, returns or other similar credits) but do not include payments, Cash Advances (including Balance Transfers and Cash-Like Transactions), interest, fees, insurance premiums, adjustments or other charges. The Offer Bonus of 10% (up to $100) will be credited to the Primary Cardholder’s Account within 1–2 statement cycles after the 60-day promotional period provided the Account is open and in Good Standing at time of payout. Limit of one Offer per eligible Client. This Offer is non-transferable. Offer may be changed, cancelled or extended at any time. All other Account terms, including the Tangerine Money-Back Rewards program terms, remain unchanged and continue to apply. See the Tangerine Credit Card Cardholder Agreement for more details, including definitions of any capitalized terms.

Mastercard and the circles design are registered trademarks of  Mastercard International Incorporated. Tangerine is a registered trademark of The Bank of Nova Scotia, used under licence. Forward Banking is a registered trademark of Tangerine Bank *  

World Tourism Day: Types of travel insurance coverage on offer, a look at policies & more

Travel insurance is a safeguard against unexpected travel accidents, medical expenditures, baggage loss or delayed arrival of luggage, passport and other documents loss, flight delays, among others. here's more..

Main types of travel insurance coverage

Medical coverage, trip cancellation insurance, lost or stolen baggage, trip interruption, emergency assistance, events typically covered by travel insurance.

• Illness or injury: Coverage for medical emergencies requiring treatment while traveling.
• Natural disasters: Protection against events like hurricanes or floods that may affect travel safety.
• Trip cancellations: Reimbursement for cancellations due to valid reasons, such as illness or severe weather.
• Emergency evacuation: Coverage for emergency medical evacuations to suitable facilities.

The growing travel insurance market in India

The role of digital transformation, a look at travel insurance policies available in india.