To get a higher tier you typically have to pay an annual fee, and/or be approved for a credit limit of a certain amount. The higher tiers may come with more valuable protections like Purchase Assurance, along with perks like travel discounts, Lyft credits, and ShopRunner membership. The lower tiers have the most basic benefits, which include $0 liability protection and perhaps a few others. Your card tier will help determine the credit card network benefits you get. Mastercard credit cards come in a variety of types, also called tiers or levels. It comes with two perks you don’t typically see on cards at this fee level: a Global Entry/TSA PreCheck credit and the ability to transfer miles to a selection of airline and hotel partners, potentially increasing their value.
The Spark Miles had long been a flat-rate business travel card, with a solid 2X miles for everything, but Capital One souped it up with 5X miles for hotels and rental cars booked through Capital One Travel. The information related to Capital One Spark Miles for Business has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
Citi, Capital One, and Bank of America provide quite a few, and you’ll find them from many credit unions as well. You can get a Mastercard from many different card issuers. Practically everyone takes Mastercard - it’s widely accepted in the U.S. It’s wise to carry a Mastercard, even just as a backup, because you’ll almost never be stuck without a way to pay. Instead, it provides a payment network that businesses use to accept card payments, transferring the money from your card account to the merchant’s account. Mastercard doesn’t issue credit or debit cards, so it doesn’t set terms like interest rates and rewards. It serves as the network for millions of credit cards and debit cards, facilitating transactions between consumers and businesses. Mastercard is one of the most popular credit card companies in the world.