The Brim World Elite Mastercard has some strong features, like a high base earn rate, no foreign transaction fees, and some unique insurance policies. However, the annual fee is rather steep for what the card offers, so it’s a good idea to weigh its benefits against what you can get from other cards at a lower cost.
Bonuses & Fees
There is a welcome offer of 1,000 points (worth $10) upon approval if you apply with a referral.
The annual fee of $199 is waived for the first year. You can try out the card at no cost before committing long-term, with the option to downgrade to the no-fee version if you’d prefer.
Additional cards cost $50 apiece.
This card offers a tiered rewards structure:
- Up to 30 points per dollar spent at select Brim partners
- 2 points per dollar spent on the first $25,000 spent per year
- 1 point per dollar spent thereafter
Brim’s partners range from large brands to small local businesses. You can check which vendors are eligible for bonus rewards in the Brim app. You can read more about Brim’s individual partnerships program on their website.
If you shop a lot at partner stores, you can take advantage of special offers in the Brim app. In particular, look for Milestone Bonuses from specific vendors in the Brim Marketplace.
Even if you don’t shop much at Brim’s partners, you’ll still get a strong rate on all other purchases, worth 2% cash back.
Brim Rewards can be redeemed at a rate of 1 cent per point at any time as a statement credit. Given how easy it is to redeem points, it’s safe to say they’re equivalent to cash back.
Redeem your points by clicking the “Redeem” button next to your transactions in the Brim Portal in the app.
Perks & Benefits
First and foremost, Brim has made a name for themselves by charging no foreign transaction fees on all of their credit cards. That’s a welcome reprieve in a Canadian marketplace where such a perk is disappointingly hard to find.
Also, as a World Elite Mastercard, you’ll automatically get a DragonPass membership (although without any free visits included), as well as Boingo Wi-Fi.
As the premium card in the Brim line-up, this card offers comprehensive insurance a cut above the other Brim cards.
Here are a few features that make the Brim World Elite Mastercard stand out:
- Car rental insurance up to $85,000 MSRP
- Generous coverage for trip cancellation or trip interruption
- Hotel burglary insurance
Notably, Brim offers event ticket protector insurance, a unique policy that’s not seen on any other credit cards. If you can’t attend an event due to one of the covered reasons (such as emergency medical or common carrier accident), you’ll be reimbursed for the cost of your event tickets up to $1,000.
You’ll also get mobile device protection for loss, theft, or damage. That type of coverage is still quite uncommon, although it’s slowly showing up on more credit cards.