Market Overview

Mastercard Delivers Everyday Value and Enhanced Experiences to Consumer Credit Products

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New World and World Elite benefits are delivered digitally to meet
the needs of the always connected, on-the-go cardholder

Consumers today want everyday value, enhanced experiences, and peace of
mind from the cards they choose to carry in their wallets. Starting
today, that's just what they'll get as World
Mastercard
and World
Elite Mastercard
cardholders in the U.S. will begin to automatically
enjoy new benefits and experiences with merchants they use regularly,
including Lyft, Fandango, Boxed, and Postmates. Starting July 1, they
will also begin to get enhanced ID theft identification and resolution
solutions, as well as cell phone insurance. The exclusive shopping and
travel benefits World and World Elite cardholders already enjoy will
continue.

"Consumers live very differently in today's always-on digital world,
and their expectations have evolved. To better meet their needs, we are
leveraging technology to seamlessly embed products and
solutions into their everyday lives," said Amnah Ajmal,
executive vice president, Core Products, North America. "We have forged
partnerships with popular digital brands to help us stay ahead of the
curve, anticipate trends, and redefine the consumer experience."

The always-on benefits provide everyday value and convenience to
cardholders, as the experience is delivered to them digitally.
Specifically, they include:

  • Lyft:
    World Elite cardholders will receive a $10 credit for every five
    rides taken in a calendar month, which will be automatically applied
    to the next ride, capped at once per month.
  • Fandango:
    World Elite cardholders will earn double Fandango VIP+ points for
    the movie tickets they buy. This means cardholders will get 500
    Fandango VIP+ points (worth $5) for every two movie tickets they
    purchase via the Fandango app or Fandango.com, which can be used
    towards purchasing movie tickets on Fandango or towards streaming
    movies and TV shows on FandangoNOW.
  • Boxed:
    World Elite cardholders will earn 5% Cash Rewards on their Boxed
    purchases, which can be used towards future purchases on Boxed.
  • Postmates:
    World and World Elite cardholders will receive $5 off every order of
    $25 or more.
  • Cell Phone Insurance: World and World Elite cardholders will be
    eligible for Mastercard Cellular Telephone Protection when they charge
    their monthly telephone bill to their World or World Elite Mastercard.
    This benefit—with a maximum liability of $600 per claim for World
    cardholders and $800 for World Elite cardholders—covers stolen or
    damaged mobile phones as well as cosmetic screen scratches even if
    they don't affect the ability to make or take a call. Cardholders
    simply have to submit a claim if they incur a loss, up to $1,000 per
    year.
  • Mastercard ID Theft Protection™: Cardholders who register for
    Mastercard ID Theft Protection will have access to an enhanced
    Mastercard ID Theft Protection™ benefit suite that provides end-to-end
    digital servicing to monitor their personal information. Additionally,
    cardholders have access to a team of identity theft resolution
    specialists, available 24 hours a day, seven days a week, 365 days a
    year to help quickly resolve any identity theft incidents that may
    occur.

"Consumers place tremendous emphasis on rewards and are ready for a
meaningful shift in how they are experienced. Gone are the days of
enrolling and signing up for a service, as benefits should be seamlessly
integrated into the merchant experience," said Krista Tedder, Director
of Payments at Javelin Strategy & Research. "The experience should be
one which benefits merchant partners, consumers, and card issuers alike."

All benefits are subject to terms, conditions and limitations,
including limitations on the amount of coverage. Applicable banks are
beginning to roll out the above benefits; cardholders should contact
their issuing bank for additional information.

About Mastercard

Mastercard (NYSE: MA), www.mastercard.com,
is a technology company in the global payments industry. Our global
payments processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries and
territories. Mastercard products and solutions make everyday commerce
activities – such as shopping, traveling, running a business and
managing finances – easier, more secure and more efficient for
everyone. Follow us on Twitter @MastercardNews,
join the discussion on the Beyond
the Transaction Blog
 and subscribe for
the latest news on the Engagement
Bureau
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