SaksFirst World Elite MasterCard®

SaksFirst World Elite MasterCard® Review

This is a store rewards card issued by Capital One. If you're wondering whether SaksFirst 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 6x.
• You’ll earn 2 Points per $1 spent outside of Saks everywhere Mastercard is accepted.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 25.49%
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 3% Balance transfer fee. SaksFirst 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 $15.
• 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 access to a concierge, emergency support, extended warranty protection on purchases, price protection, purchase protection, trip cancellation insurance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of SaksFirst World Elite MasterCard®

The Good

The Bad

Price protection and extended warranty on your purchases with Saks Fifth Avenue Accepted at 25 million locations worldwide No foreign transaction fees 24-hour personal concierge service available No annual fee. Multiple credit card perks. Access to a concierge. Extended warranty and price protection on purchases. Trip cancellation insurance. No foreign transaction fee. Cardholders can earn rewards on their purchases. SaksFirst World Elite MasterCard® reports to multiple credit bureaus.

High penalty fee. Higher than average purchase APRs. You need good credit to qualify. Does not offer a signup bonus. Charges a 3% balance transfer fee.

SaksFirst World Elite MasterCard® FAQ

Does SaksFirst World Elite MasterCard® have a cash back or rewards program?

SaksFirst World Elite MasterCard® is a travel rewards card.

SaksFirst World Elite MasterCard® Rewards

Minimum rewards rate	2x
Max rewards rate	6x
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the SaksFirst World Elite MasterCard® benefits?

It provides the following benefits:

• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Zero fraud liability
• Price Protection
• Reports to major credit bureaus

What are the relevant APRs for SaksFirst 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.

SaksFirst World Elite MasterCard® has a variable purchase APR of 25.49%. The card has a variable balance transfer APR of up to 25.49%.

It also has a variable cash advance APR of 28.49% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for SaksFirst World Elite MasterCard®?

The following fees apply:

SaksFirst World Elite MasterCard® Fees

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

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does SaksFirst World Elite MasterCard® report your account activity to credit bureaus?

Yes, SaksFirst 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 SaksFirst World Elite MasterCard®

• Visit the SaksFirst 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.