World Elite Mastercard?
Sep 11, 2006 | 8:14 am
#16
Join Date: Apr 2005
Posts: 189
Originally Posted by anaggie
maybe this is what the Chairman Card is going to be co-branded with.....I doubt that it will be a new amex...since Chairman is competing with Amex platinum and this new card is supposed to go after the Centurion customers....
Sep 11, 2006 | 2:25 pm
#17
Join Date: Aug 2006
Posts: 12
Originally Posted by rrgg
Saks told me applications could be processed, starting today at www.saks.com/apply It doesn't seem to be working yet.
https://www.saksfifthavenue.com/html/sakscc_app/elite_mastercard_apply.jsp?JSESSIONID=FFGCxVQQd1lJ 3J9JZxJQVfWL4C1h9JxNdXdGcrfMpGn62lnVD5D8!660318275 &ASSORTMENT%3C%3East_id=1408474395222441&bmUID=115 8006274908&prp13=b3
However, when you click on apply, a message comes up and says that it won't be ready till 14 Sep.
Last edited by ILoveMI; Sep 11, 2006 at 2:27 pm Reason: Updated Info
Sep 11, 2006 | 3:26 pm
#19
FlyerTalk Evangelist
Join Date: Sep 1999
Location: New York, NY, USA
Posts: 12,810
Originally Posted by rrgg
...That site also confirms that the airport club access is Priority Pass... although no mention of the fee if any.
Citibank Chairman Card comes with Prestige membership but with $400 annual fee.
Sep 11, 2006 | 4:37 pm
#20
Join Date: Jul 2005
Location: BOS
Programs: CO Silver; DL FO; SPG Gold; HH Gold
Posts: 880
Originally Posted by TerryK
Citibank Chairman Card comes with Prestige membership but with $400 annual fee.
Sep 12, 2006 | 8:29 am
#21
Join Date: Dec 2003
Location: NYC
Posts: 7,030
Airline Benefits Complimentary companion tickets with the purchase of full-fare Business Class tickets for international travel on specific airlines (space permitting with no blackout dates); one-category upgrades for international travel on select airlines.
Can they really mean free upgrades? That could be a very valuable benefit.
Hotel Benefits Preferred rates and availability at over 650 of the finest hotels, resorts, lodges and villas in the world. Value-added amenities including complimentary daily breakfast for two, room upgrades (based on availability at time of check-in), customized offerings that are unique to the destination and VIP status.
Sep 12, 2006 | 11:04 am
#22
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
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<<Can they really mean free upgrades?>>
I expect this will also be with the purchase of full-fare ticket. This could still represent some value if one could obtain, say, an unrestricted domestic first class ticket for the price of full fare economy, but of course this will be more than the lowest restricted first class fares.
I expect this will also be with the purchase of full-fare ticket. This could still represent some value if one could obtain, say, an unrestricted domestic first class ticket for the price of full fare economy, but of course this will be more than the lowest restricted first class fares.
Sep 12, 2006 | 7:09 pm
#23
Join Date: Dec 2003
Location: NYC
Posts: 7,030
Originally Posted by mia
<<Can they really mean free upgrades?>>
I expect this will also be with the purchase of full-fare ticket. This could still represent some value if one could obtain, say, an unrestricted domestic first class ticket for the price of full fare economy, but of course this will be more than the lowest restricted first class fares.
I expect this will also be with the purchase of full-fare ticket. This could still represent some value if one could obtain, say, an unrestricted domestic first class ticket for the price of full fare economy, but of course this will be more than the lowest restricted first class fares.
Last edited by richarddd; Sep 14, 2006 at 12:45 pm Reason: remove unhappy icon
Sep 12, 2006 | 7:31 pm
#24
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<< only for international>>
Missed that. It sounds quite similar to the American Express UK International Airline Programme...
http://www.americanexpress.com/uk/pe...ionintro.shtml
...with companion fares on most carriers, upgrades on others. It is clear (to me!) that credit card issuers do not pay for these benefits, they are merely packaging concessions that the carriers are willing to make to fill otherwise vacant seats. This means availability will reflect supply versus demand for paid seats, and it's evident that carriers have much more pricing power than have had for several years.
dennis
Missed that. It sounds quite similar to the American Express UK International Airline Programme...
http://www.americanexpress.com/uk/pe...ionintro.shtml
...with companion fares on most carriers, upgrades on others. It is clear (to me!) that credit card issuers do not pay for these benefits, they are merely packaging concessions that the carriers are willing to make to fill otherwise vacant seats. This means availability will reflect supply versus demand for paid seats, and it's evident that carriers have much more pricing power than have had for several years.
dennis
Sep 12, 2006 | 9:20 pm
#25
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
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Originally Posted by TerryK
Since there is no annual fee for World Elite MasterCard...
Sep 13, 2006 | 1:12 pm
#26
Join Date: Dec 2004
Posts: 8,224
Response from Saks:
Originally Posted by Saks
The "Priority Pass Membership", which includes the access to more than 500 lounges in major airports, does require a "nominal fee" for access to select locations. The fee is $24.00 per person and it will be charged to your World Elite MasterCard.
Sep 13, 2006 | 7:32 pm
#27
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Target household income $250,000
Sorry if this is mentioned elsewhere.
Wall Street Journal reports:
World Elite Mastercard is aimed at households with annual incomes of more than $250,000, but I assume Mastercard cannot require the issuing banks to enforce this requirement, because they also mention that Mastercard "World" and Visa "Signature" cards have been aimed at households with an annual income of at least $125,000. There are 4.9 million MasterCard World cards in circulation, compared with 7.9 million Visa Signature cards which constitute only 3.9% of Visa's consumer credit-card accounts, but 20% of Visa's sales volume; cardholders spend an average $28,000 a year on each card.
http://online.wsj.com/article_print/...466156611.html
Wall Street Journal reports:
World Elite Mastercard is aimed at households with annual incomes of more than $250,000, but I assume Mastercard cannot require the issuing banks to enforce this requirement, because they also mention that Mastercard "World" and Visa "Signature" cards have been aimed at households with an annual income of at least $125,000. There are 4.9 million MasterCard World cards in circulation, compared with 7.9 million Visa Signature cards which constitute only 3.9% of Visa's consumer credit-card accounts, but 20% of Visa's sales volume; cardholders spend an average $28,000 a year on each card.
http://online.wsj.com/article_print/...466156611.html
Sep 13, 2006 | 7:47 pm
#28
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Originally Posted by rrgg
Response from Saks:..."nominal fee" for access to select locations. The fee is $24.00 per person and it will be charged to your World Elite MasterCard.
Sep 14, 2006 | 7:09 am
#30
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Not today, but the press releases indicate that Mastercard will launch its advertising campaign for the World Elite "platform" in October and announce the associated merchant fees in the first quarter of 2007. I expect we will see versions from all major Mastercard issuers.
"The Saks Fifth Avenue World Elite MasterCard, issued by HSBC... is the first product on the World Elite platform."
"Beyond targeting consumers, MasterCard will bring to market a World Elite card for small businesses and for executives of large corporations in 2007."
"The Saks Fifth Avenue World Elite MasterCard, issued by HSBC... is the first product on the World Elite platform."
"Beyond targeting consumers, MasterCard will bring to market a World Elite card for small businesses and for executives of large corporations in 2007."
Last edited by mia; Sep 14, 2006 at 7:14 am