NEW YORK, Feb. 2, 2023 /PRNewswire/ -- Luxury membership community Select today announced the coming launch of the Select™ World Elite Mastercard®.
The new Select credit card will combine Select's robust network of ongoing, significant, and often exclusive member benefits, an uncapped 2% cash back across most spend categories*, and World Elite Mastercard® benefits.
Current Select benefits include savings and perks at over a million premier partner locations across the globe. These include significant discounts (15-30%) or complimentary items at top-tier restaurants across the country, unpublished rates at hundreds of thousands of hotels and resorts that reach as high as 60% off, and ongoing special offers with sought-after brands like BMW, Tumi, Lazzoni, Caraway, and many more.
Select also hosts a variety of members-only events in major US cities throughout the year and provides on-demand concierge services for members via the company's app and website.
Select's first foray into financial services marks a highly anticipated milestone for the company. As spending trends continually point towards experiences like dining and travel, the Select™ World Elite Mastercard® is bringing unique functionality and perks to the market, in addition to a highly compelling cash-back program. Select's mission is to continually improve the lives of its members while helping its partner businesses further loyalty and reach their target demographic.
"We are excited about what this means for the Select ecosystem. Offering a customer-focused, lifestyle-improving card, in partnership with financial industry leaders like Mastercard and Deserve, will help us better deliver on our mission and reach a larger audience," says Select CEO Carlo Cisco.
The card's waitlist opens today, and they will begin to allow prospective cardholders to apply for their invitation-only Beta beginning in February 2023. Invitations will be granted sequentially, but current Select members and prospective members who invite others to the waitlist will have priority.
"We're excited to work with Select to power the Select™ World Elite Mastercard® and deliver meaningful rewards and point programs to its members," said Kalpesh Kapadia, Co-Founder and CEO of Deserve.
The Select™ World Elite Mastercard® is powered by Deserve and the Mastercard network.
Select is a financial technology company known for its next-generation concierge service and membership community that provides access to members-only savings and perks at over a million locations and online. These include special perks, pricing at hundreds of top restaurants, and exclusive discounts (up to 60% off) with leading global hotel, travel, retail, lifestyle, and entertainment brands. In addition, Select hosts a variety of members-only events ranging from cocktail hours to experiences during Fashion Week and Art Week. The Select™ World Elite Mastercard® credit card is launching in early 2023.
*The Select™ World Elite Mastercard® offers 2% cash back on all spend categories excluding grocery and service industries which earn 1%. Payments toward utilities do not earn cash back rewards.
Deserve Inc. is a leading mobile-first credit card platform built on a cloud-native and API-enabled architecture, which allows partners to offer superior personalized experiences for cardholders. We partner with financial institutions, fintechs, lenders, and merchant co-brands. Deserve Inc. is headquartered in Palo Alto, California and is a venture-backed fintech whose investors include Mastercard, Visa, Goldman Sachs AssetManagement, Sallie Mae, Ally Ventures, Accel, Pelion Venture Partners, Aspect Ventures, and Mission Holdings.