Central Bank World Elite Mastercard®

Central Bank World Elite Mastercard® Review

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

Key Takeaways

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Competitive APRs. Central Bank World Elite Mastercard® has a variable purchase APR that ranges from 12.24% up to 21.99%.
• 4% Balance transfer fee. Central Bank World Elite Mastercard® charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 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, identity theft protection, purchase protection, 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 Central Bank World Elite Mastercard®

The Good

The Bad

Boxed – Stock up on groceries, household items, health supplies, and more in bulk without a membership fee. ShopRunner – Get discounts and free 2-day shipping exclusive offers on clothing, beauty, electronics, home, gifts, and more. onefinestay – Access to over 2,500 high-end rental homes in London, Paris, Rome, Los Angeles, Miami, and San Francisco. Receive a 10% off discount on all bookings. Potentially lower than average purchase APRs. 0% APR on new purchases during the first 6 months. There is then a variable purchase APR that ranges from 12.24% up to 21.99%. Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Identity Theft Protection. Travel assistance insurance Considers applicants with fair credit. No foreign transaction fee. Cardholders can earn rewards on purchases everywhere Central Bank World Elite Mastercard® is accepted. Central Bank World Elite Mastercard® reports to multiple credit bureaus.

Charges an annual fee of $99 Does not offer a signup bonus. Charges a 4% balance transfer fee.

Central Bank World Elite Mastercard® FAQ

Does Central Bank World Elite Mastercard® have a cash back or rewards program?

Central Bank World Elite Mastercard® is a rewards card.

Central Bank World Elite Mastercard® Rewards

Minimum rewards rate	1.5x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the Central Bank World Elite Mastercard® benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Cell Phone Protection
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Central Bank 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 lower than average regular APRs.

Central Bank World Elite Mastercard® has a variable purchase APR that ranges from 12.24% up to 21.99%. The card has a variable balance transfer APR that ranges from 12.24% up to 21.99%. It also has a variable cash advance APR of 24.99% .

What are the fees for Central Bank World Elite Mastercard®?

The following fees apply:

Central Bank World Elite Mastercard® Fees

Fees	Amount
Annual Fee	$99
Foreign Transaction Fee	0%
Returned Payment Fee	up to $35
Late Payment Fee	up to $35

Does Central Bank World Elite Mastercard® report your account activity to credit bureaus?

Yes, Central Bank 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 Central Bank World Elite Mastercard®

• Visit the Central Bank 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.