SaksFirst World Elite MasterCard® Review

SaksFirst World Elite MasterCard® is a store credit card issued by Capital One. If you're wondering whether SaksFirst World Elite MasterCard® is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Signup bonus. Offers a signup bonus of $25 if you spend $10.
• No annual fee. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, 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 up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $15.
• Multiple credit card benefits. Includes generous credit card perks, such as access to a concierge, emergency support, price protection, purchase protection, trip cancellation insurance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

SaksFirst World Elite MasterCard® Pros and Cons:

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. Trip cancellation insurance. SaksFirst World Elite MasterCard® reports to multiple credit bureaus.	High penalty fee. Requires good to excellent credit. Does not offer rewards or cash back. You don't earn rewards on every purchase. Charges a 3% balance transfer fee.

Is there a SaksFirst World Elite MasterCard® cash back or rewards program?

No, SaksFirst World Elite MasterCard® does not offer a rewards program. This card features rewards for purchases in the following categories:

• Hotels

What are the SaksFirst World Elite MasterCard® benefits?

SaksFirst World Elite MasterCard® provides the following benefits:

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

What are the relevant APRs for SaksFirst World Elite MasterCard®?

SaksFirst World Elite MasterCard® has a variable purchase APR of up to 26.24%.

The card has a variable balance transfer APR of up to 26.24%.

The card has a variable cash advance APR of up to 29.24%.

Note that late payments are subject to an APR of 30.24% 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 SaksFirst World Elite MasterCard® fees?

The following fees apply to SaksFirst World Elite MasterCard®:

SaksFirst World Elite MasterCard® Fees

Fees	Amount
Annual Fee	$0
Returned Payment Fee	up to $25
Late Payment Fee	up to $38

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

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 can help improve your credit score.

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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.