About ATB World Elite Mastercard
ATB Financial provides its customers with various financial products, including credit cards. They offer three credit card options; one of the most attractive ones is the ATB World Elite Mastercard. This credit card has no annual fees and offers high cash back rates. Also, with the help of Mastercard Benefits Optimizer, customers can adjust all the perks provided by ATB and Mastercard to find a balance between all the benefits.
ATB World Elite Mastercard features
One of the most significant features of ATB World Elite Mastercard is that it has a $0 annual fee, but only for the first year. After that, each subsequent year will cost customers $120. However, this fee can be waived if the customers have an ATB Advantage Account.
This credit card is not available for all Canadians, only for Albertans, as ATB Financial only offers its services to customers from Alberta.
Also, customers will earn cash back bonuses for making purchases. They will receive 1,5 points for each dollar they spend. Also, upon approval, customers receive 15,000 welcome bonus points equal to $150 when they use their new card for the first time.
Furthermore, clients can use the rewards they earn. To do that, they can register on the company’s online platform ATB My Rewards, where they will see their credit card expenses, manage and track their rewards and redeem them to use as they wish: cash, merchandise, charitable donations, and more.
Moreover, there are a lot of perks and additional services provided by ATB Financial. For example, a World Elite Mastercard gives customers access to Mastercard Travel Pass. To use it, customers need to download the Travel Pass application on their smartphones and prove their membership to enjoy access to 1,300+ airport lounges, plus valuable dining and spa offers available in select airports.
The ATB World Elite Mastercard credit card has relatively high-interest rates. Cardholders will have a 19,90% on their purchases and 21,90% on cash advances. What’s more, some fees can appear. For example, customers will have a 2,9% fee on foreign currency transactions, $2 on ABM in Canada for cash advances, and $5 on ABM outside Canada. Finally, the company can charge a $40 NSF fee, $29 for a rush replacement card, and $25 for credit balance inactivity. More detailed fees list, customers can see on the company’s website.
In addition, ATB World Elite Mastercard has such perks and services as:
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Purchase Assurance
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Extended Warranty
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Trip Cancellation Insurance
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Hotel/Motel Burglary Insurance
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Price Protection Service
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Travel Assistance Services
Pros and cons
Here are some strong sides of the ATB World Elite Mastercard:
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Attractive welcome bonus;
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The first year is free of the annual fee;
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A lot of exclusive perks and services are offered;
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Redeemed points can be used in different ways;
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A full Mastercard services package is available;
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Well-designed mobile app.
Nevertheless, ATB World Elite Mastercard has several significant drawbacks:
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Only customers from Alberta can apply;
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The annual fee of $120;
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The interest rates are relatively high;
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Some fees can be charged;
How to apply for an ATB World Elite Mastercard
You are not required to visit the company’s office to apply for an ATB World Elite Mastercard. Instead, you can do it online. First, you must visit the company’s website and choose the “Everyday Banking” directory. Afterward, you must choose ATB World Elite Mastercard’s webpage and go there. On that page, you need to click on the “Apply Now” button and choose whether you are an ATB client or not. If not, click on the “Sign Up” button and create a profile by entering your name, email address, and password. As soon as the profile is created, you will be able to apply for the required credit card via the online portal interface.