The CBD World Mastercard Credit Card is crafted for the distinguished clientele, offering a blend of premium features and privileges tailored to elevate the user’s experience. This card is designed to provide a host of benefits that cater to lifestyle, travel, and financial needs, making it a desirable choice for high-net-worth individuals in the UAE.
Top Features:
Airport Lounge Access: The CBD World Mastercard Credit Card grants complimentary access to an extensive network of VIP airport lounges worldwide, ensuring a comfortable and luxurious travel experience. This benefit is especially valuable for frequent travelers who appreciate the convenience and exclusivity of VIP lounges.
Mastercard® Moments Privileges: Cardholders can enjoy premium rewards and exclusive experiences through the Mastercard® Moments program. This feature offers unique opportunities ranging from dining and shopping to travel and entertainment, adding significant value to the card.
Chip & Pin Technology: Equipped with the latest Chip & Pin technology, this card ensures enhanced security against fraud, providing peace of mind for users during transactions.
Other Financial Benefits:
Balance Transfer: Cardholders can transfer their existing credit card balance to the CBD World Mastercard Credit Card at competitive interest rates, helping them manage their finances more effectively.
Cash on Call: Up to 90% of the credit card limit can be transferred to the cardholder’s account and repaid in equal monthly installments over a period of 3 to 36 months, offering flexibility in financial planning.
Easy Installment Plan: Purchases can be converted into monthly installments at a 0% interest rate, making it easier to manage large expenses. This feature is particularly useful for budgeting and spreading the cost of big-ticket items.
Lifestyle Benefits:
Unlimited Complimentary Golf: Enjoy unlimited complimentary rounds of golf at select courses, subject to a minimum monthly retail spend of AED 7,500. This perk is perfect for golf enthusiasts who wish to indulge in their favorite sport without extra costs.
ClassPass Wellness Membership: Cardholders receive 10 credits every month for wellness activities through the ClassPass app, promoting a healthy and active lifestyle.
Valet Parking: Benefit from 4 complimentary valet parking services each month at over 30 locations in the UAE. This convenience adds a touch of luxury to everyday activities and is ideal for busy urban living.
Cinema Discounts: Half price movie tickets, 4 times per month at VOX, Reel, or Novo cinemas, along with a 20% discount on food and drinks at Reel Cinemas on a minimum spend of AED 20. These perks make entertainment more affordable and enjoyable.
Emaar Attractions Discounts: Cardholders receive a 20% discount on admission tickets to popular Emaar attractions such as KidZania®, Dubai Aquarium, and more, providing savings on family-friendly activities.
Mastercard Benefits:
Global Lounge Access: With the Mastercard Travel Pass App powered by DragonPass, users get complimentary access to over 1,200 airport lounges globally, enhancing the travel experience.
Priceless Specials: Explore 2-for-1 offers and discounts on dining, travel, and entertainment, allowing cardholders to enjoy premium experiences at reduced costs.
Booking.com Cashback: Booking hotels with discounts. Get 10% cashback when you book your hotel through Booking.com, saving even more on your holidays.
Convenience and Security:
24-Hour Client Service: A dedicated customer service number ensures 24/7 assistance for card-related inquiries and issues, ensuring that support is always available.
Chip & Pin Security: Advanced Chip & Pin technology provides secure transactions, reducing the risk of fraud.
Financial Information:
Annual Fee: An annual fee is charged from the first year onwards but can be reversed if the annual retail and cash spend exceeds AED 100,000.
Supplementary Cards: Free for life, supplementary cards are available for family members aged 15 years and above.
CBD Reward Points: Earn reward points on every Dirham spent, which can be redeemed for a variety of rewards, including flights, hotel stays, and shopping vouchers.
Eligibility Criteria:
Age and Salary Requirements: Eligible for UAE nationals aged 21-65 and UAE residents aged 21-63, with a minimum salary requirement of AED 30,000 for salaried individuals.
Pros and Cons of the CBD World Mastercard Credit Card
Pros:
1. Comprehensive Travel Benefits:
- Airport Lounge Access: Complimentary access to over 1,200 VIP airport lounges worldwide.
- Mastercard Travel Pass App: Convenient access to lounges and travel benefits through a dedicated app.
2. Lifestyle Privileges:
- Unlimited Complimentary Golf: Enjoy unlimited golf benefits, subject to monthly retail spending requirements.
- ClassPass Wellness Membership: Receive 10 credits monthly for wellness activities, promoting a healthy lifestyle.
- Cinema Discounts: Half price movie tickets at VOX, Reel, and Novo cinemas, and a 20% discount on meals and drinks at Reel Cinemas.
3. Financial Flexibility:
- Balance Transfer: Transfer existing credit card balances at competitive interest rates.
- Cash on Call: Move cash funds(90% of the credit limit) to your bank and repay in installments.
- Simple Installment Plan: Spread the cost by turning your purchases into monthly payments with a 0% interest rate.
4. Reward Points Program:
- CBD Reward Points: Earn points on every Dirham spent, redeemable for various rewards such as flights, hotel stays, and shopping vouchers.
5. Additional Discounts:
- Emaar Attractions: 20% discount on admission tickets to KidZania®, Dubai Aquarium, and more.
- Priceless Specials: 2-for-1 offers and discounts on dining, travel, and entertainment through Mastercard Priceless Specials.
- Booking.com Cashback: Get 10% cashback when you book your hotel with Booking.com.
6. Free Supplementary Cards:
- For Family Members: Free for life supplementary cards for family members aged 15 years and above.
7. Enhanced Security:
- Chip & Pin Technology: Advanced security features for secure transactions.
8. No Annual Fee for High Spenders:
- Annual Fee Reversal: The annual fee is reversed if the annual retail and cash spend exceeds AED 100,000.
Cons:
1. High Minimum Spend Requirements:
- Lifestyle Benefits: To avail of the complimentary golf and wellness benefits, a minimum monthly retail spend of AED 7,500 is required. For cinema and valet parking benefits, a minimum spend of AED 5,000 per month is needed.
2. Annual Fee:
- Annual Fee Charged: An annual fee is charged from the first year onwards, unless spending criteria are met to waive it.
3. High Eligibility Criteria:
- Salary Requirements: A minimum salary of AED 30,000 is required for salaried individuals, which may limit accessibility for some potential users.
4. Specific Usage Conditions:
- Retail Spend Definition: Retail spend does not include balance transfers, cash on call, payments using CBD Digital Channels, and cash withdrawals. This might affect the ease of meeting spending criteria for benefits.
5. Limited Free Lounge Access:
- Lounge Access for Guests: Complimentary airport lounge access is limited to the cardholder. Additional guests will be charged, which might be a downside for travelers with family.
Point-by-Point Comparison of the CBD World Mastercard Credit Card with Rival Cards
Airport Lounge Access
- CBD World Mastercard Credit Card: Free access to over 1,200 lounges globally.
- Emirates NBD Skywards Infinite Credit Card: Unlimited access to over 1,000 lounges.
- Mashreq Solitaire Credit Card: Complimentary access to 1,000+ lounges with LoungeKey.
- FAB Infinite Credit Card: Unlimited Free use of 850+ airport lounges worldwide.
Rewards Program
- CBD World Mastercard Credit Card: Mastercard Moments Privileges.
- Emirates NBD Skywards Infinite Credit Card: Earn Skywards Miles whenever you purchase.
- Mashreq Solitaire Credit Card: Mashreq Points on every spend.
- FAB Infinite Credit Card: First Rewards Program with points for every AED spent.
Security Features
- CBD World Mastercard Credit Card: Chip & Pin Technology.
- Emirates NBD Skywards Infinite Credit Card: Chip & Pin Technology.
- Mashreq Solitaire Credit Card: Chip & Pin Technology.
- FAB Infinite Credit Card: Chip & Pin Technology.
Balance Transfer
- CBD World Mastercard Credit Card: Low-interest rates.
- Emirates NBD Skywards Infinite Credit Card: Competitive interest rates.
- Mashreq Solitaire Credit Card: Low-interest rate balance transfer.
- FAB Infinite Credit Card: Attractive balance transfer options.
Cash on Call
- CBD World Mastercard Credit Card: Up to 90% of credit limit can be transferred to an account.
- Emirates NBD Skywards Infinite Credit Card: Cash on Call service available.
- Mashreq Solitaire Credit Card: Flexible cash advance options.
- FAB Infinite Credit Card: Up to 80% of credit limit as cash advance.
Easy Installment Plan
- CBD World Mastercard Credit Card: 0% interest on installments.
- Emirates NBD Skywards Infinite Credit Card: Convert purchases into installments.
- Mashreq Solitaire Credit Card: 0% installment plans.
- FAB Infinite Credit Card: Easy payment plan with 0% interest.
Annual Fee
- CBD World Mastercard Credit Card: AED 1,000, waived if annual spend exceeds AED 100,000.
- Emirates NBD Skywards Infinite Credit Card: AED 1,500, waived if annual spend exceeds AED 75,000.
- Mashreq Solitaire Credit Card: AED 1,500, waived if annual spend exceeds AED 100,000.
- FAB Infinite Credit Card: AED 1,500, waived if annual spend exceeds AED 100,000.
Supplementary Card
- CBD World Mastercard Credit Card: Free for life.
- Emirates NBD Skywards Infinite Credit Card: Free for life.
- Mashreq Solitaire Credit Card: Free for life.
- FAB Infinite Credit Card: Free for life.
Golf Benefits
- CBD World Mastercard Credit Card: Unlimited complimentary golf, subject to a minimum spend of AED 7,500.
- Emirates NBD Skywards Infinite Credit Card: Up to 4 complimentary rounds of golf per month.
- Mashreq Solitaire Credit Card: Unlimited golf access at select courses.
- FAB Infinite Credit Card: Complimentary golf rounds at select courses.
Wellness Membership
- CBD World Mastercard Credit Card: Complimentary flexible wellness membership with ClassPass app (10 credits per month).
- Emirates NBD Skywards Infinite Credit Card: Unknown.
- Mashreq Solitaire Credit Card: Unknown.
- FAB Infinite Credit Card: Unknown.
Cinema Discounts
- CBD World Mastercard Credit Card: Tickets at VOX, Reel, and Novo cinemas are half price.
- Emirates NBD Skywards Infinite Credit Card: Half price at VOX cinemas.
- Mashreq Solitaire Credit Card: Half price at VOX, Reel, and Novo cinemas.
- FAB Infinite Credit Card: Half price at VOX cinemas.
Valet Parking
- CBD World Mastercard Credit Card: 4 complimentary valet parking services per month.
- Emirates NBD Skywards Infinite Credit Card: 4 complimentary valet services per month.
- Mashreq Solitaire Credit Card: 4 complimentary valet services per month.
- FAB Infinite Credit Card: 4 complimentary valet services per month.
Discounts at Emaar Attractions
- CBD World Mastercard Credit Card: 20% discount on various activities and tickets.
- Emirates NBD Skywards Infinite Credit Card: Not specified.
- Mashreq Solitaire Credit Card: Not specified.
- FAB Infinite Credit Card: Not specified.
Booking.com Cashback
- CBD World Mastercard Credit Card: Up to 10% cashback on bookings.
- Emirates NBD Skywards Infinite Credit Card: Not specified.
- Mashreq Solitaire Credit Card: Not specified.
- FAB Infinite Credit Card: Not specified.
So How does it Compare?
The CBD World Mastercard Credit Card stands out among its rivals in several key features. Firstly, its airport lounge access surpasses competitors by offering free entry to over 1,200 lounges globally, providing cardholders with an extensive network of relaxation and amenities. Additionally, its rewards program, Mastercard Moments Privileges, caters to discerning users with exclusive experiences and rewards, setting it apart from basic points systems. The card’s security features, including Chip & Pin technology, ensure secure transactions, aligning with industry standards. Moreover, its balance transfer option boasts low-interest rates, making it an attractive choice for users seeking to manage their finances efficiently. The card’s Cash on Call feature allows for up to 90% of the credit limit to be transferred, offering greater flexibility compared to some rivals. Lastly, with a 0% interest rate on installment plans, the CBD World Mastercard Credit Card provides competitive benefits and partnerships, enhancing its appeal to diverse user
Conclusion
The CBD World Mastercard Credit Card stands out with its comprehensive suite of benefits, making it an excellent choice for affluent individuals seeking a premium credit card experience. Its array of travel, lifestyle, and financial perks provides significant value, ensuring cardholders can enjoy a luxurious and convenient lifestyle.