What Are the 5 Different Types of Mastercards?

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If you regularly use credit cards for purchases, you probably know the difference between the Mastercard logo and logos for other types of cards. What you may not know is that there are several different kinds of Mastercards to choose from. If you are in the market for a new credit card, take a look at our guide to the five different types of Mastercards to help narrow down your search.

Standard Mastercard

If you are just starting to build your credit history or you want a card that you can use to cover everyday expenses, you can’t go wrong with a standard Mastercard. With this type of card, you get zero liability protection for unauthorized purchases. You also get complimentary Mastercard ID Theft Protection, which allows you to monitor your credit file for changes that could indicate fraud, such as new credit inquiries, an address change, or a new account opened in your name. Plus, you can enjoy Mastercard Global Service, which gives you access to 24/7 customer service assistance with lost and stolen card reporting, emergency card replacement, and emergency cash advance.

Some Standard Mastercards also offer credit card bonus and rewards programs, which let you earn cash back or reward points good for flights, gift cards and merchandise. The following are a few Mastercards that offer good bonus and rewards.

Mastercard Bonus Offers

Credit CardBonus and RewardsAnnual Fee
Citi Premier Card

Citi Premier® Card

  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • 3 Points per $1 spent at Restaurants and Supermarkets
  • 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • 1 Point per $1 spent on all other purchases
  • $95
    Citi Custom Cash Card

    Citi Custom Cash℠ Card

  • $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • No rotating bonus categories to sign up for - as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
  • 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
  • $0
    Chase Freedom Flex

    Chase Freedom Flex℠

  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
  • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
  • $0

    World Mastercard

    If you regularly travel outside the U.S., taking along a World Mastercard can give you peace of mind should the unexpected happen. World Mastercards can unlock unique travel experiences, give you preferred access to our most exclusive offers, including VIP events, insider opportunities, and special promotions. With this type of card, members can take advantage of Cell Phone Protection, which provides $1,000 in yearly coverage ($600 max per claim, 2 claims per year) if your cell phone gets stolen or needs repairs. Members can enjoy discounts on vacation packages, travel upgrades and savings on golf, spas, dining out and entertainment. Frequent flyers will also appreciate personalized airport concierge service at more than 450 airports worldwide.

    World Elite Mastercard

    A World Elite Mastercard is the obvious choice for travelers who want to enjoy a luxury experience wherever they go. With this type of card, you can enjoy discounts on rooms at selected luxury hotels in cities around the world. Members can also take advantage of complimentary upgrades and discounts on things like car rentals, cruise packages, vacation tours and airfare. You can even get discounts on chauffeur services or flights aboard private jets. If you need help booking your trip or run into a problem when you’re away from home, a personalized concierge is available to assist you 24 hours a day, 7 days a week.

    World Elite Mastercard from Citi

    Credit CardBonus and RewardsAnnual Fee
    Citi / AAdvantage Executive World Elite Mastercard

    Citi® / AAdvantage® Executive World Elite Mastercard®

  • 50,000 American Airlines AAdvantage® Bonus Miles after spending $5,000 in purchases within the first 3 months of account opening
  • 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases and 1 AAdvantage® mile for every $1 spent on other purchases
  • $450

    Mastercard BusinessCard

    Mastercard BusinessCard is designed to improve your productivity with digital solutions and tools that can help accelerate the growth of your business. Members receive discounts or vouchers on time-saving financial tools, such as 40% off on QuickBooks, up to $1,000 in Uber Freight load credit, etc. It also gives cardholders $125 in advertising credit after spending only $10 with Microsoft Advertising. In addition, it provides many travel benefits for business users, including airport concierge, car rental insurance, etc.

    World Elite Business Mastercard

    World Elite Business Mastercard gives you the purchasing power you need to take care of business, plus essential tools and services at your fingertips. It provides Cell Phone Protection, which reimburses up to $800 per claim with $50 deductible, up to $1,000 total per 12-month period, for covered stolen or damaged phone. In addition, card members can enjoy online booking with exclusive travel offers and benefits, plus 24/7 access to a Travel & Lifestyle Manager to assist with travel planning needs.

    View the full list of Mastercard Credit Cards

    Conclusion

    With so many different types of Mastercards to choose from, it can be difficult to determine which one is right for you. The key to finding the best credit card is to consider how often you’ll use the card, where you will be making most of your purchases and what kind of fees are involved to make sure you are getting the best deal.

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    2 Responses

    1. Christopher Mills

      I need a master card. How can I obtain one?