Air France KLM World Elite Mastercard®

Air France KLM World Elite Mastercard® Review

This is a rewards card issued by Bank of America. If you're wondering whether Air France KLM World Elite Mastercard® is the right card for you, read on.

Key Takeaways

• Generous reward rate. You can get a rewards rate of up to 3 miles per dollar spent.
• Signup bonus. Offers a signup bonus of up to $100 if you spend $2000 within 3 months.
• Signup bonus. Offers a signup bonus of 50000 points after spending $2,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 18.24% up to 26.24%.
• 3% Balance transfer fee. Air France KLM World Elite Mastercard® charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, emergency support, extended warranty protection on purchases, identity theft protection, price protection, purchase protection, travel accident insurance, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

Pros & Cons of Air France KLM World Elite Mastercard®

The Good

The Bad

20 XP every year on your account anniversary. Earn an additional 40 XP (totaling 60 XP) on your account anniversary after you spend $15,000 or more on purchases within the anniversary year Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Extended warranty and price protection on purchases. Free access to your credit score. Identity Theft Protection. Travel accident and travel assistance insurance. Considers applicants with fair credit. No foreign transaction fee. Cardholders can earn rewards on their purchases. Air France KLM World Elite Mastercard® reports to multiple credit bureaus.

There is annual fee of $89 to consider when apply, and this card is designed for people who travel often. Higher than average purchase APRs. Charges an annual fee of $89 Charges a 3% balance transfer fee.

Air France KLM World Elite Mastercard® FAQ

Does Air France KLM World Elite Mastercard® have a cash back or rewards program?

Air France KLM World Elite Mastercard® is a travel rewards card.

Air France KLM World Elite Mastercard® Rewards

Minimum rewards rate	1x
Max rewards rate	3x
Annual rewards limit	N/A
Signup Bonus ($)	Starting at $100
Signup Bonus (Points/Miles)	50000
Signup Bonus Spend Requirement	$2000
Signup Bonus Spend Period (months)	3 months

What are the Air France KLM World Elite Mastercard® benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Price Protection
• Travel Accident Insurance
• Cell Phone Protection
• No blackout dates when redeeming miles
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Air France KLM World Elite Mastercard®?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Air France KLM World Elite Mastercard® has a variable purchase APR that ranges from 18.24% up to 26.24%. The card has a variable balance transfer APR that ranges from 18.24% up to 26.24%. It also has a variable cash advance APR that ranges from 21.24% up to 29.24%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Air France KLM World Elite Mastercard®?

The following fees apply:

Air France KLM World Elite Mastercard® Fees

Fees	Amount
Annual Fee	$89
Foreign Transaction Fee	0%
Returned Payment Fee	$0
Late Payment Fee	up to $40

Does Air France KLM World Elite Mastercard® report your account activity to credit bureaus?

Yes, Air France KLM World Elite Mastercard® reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Air France KLM World Elite Mastercard®

• Visit the Air France KLM World Elite Mastercard® website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.