Question
New MasterCard World Elite Affinity Launched: Sotheby’s
From April 13, 2007 WSJ:
http://online.wsj.com/article/SB117641387050668279-search.html?KEYWORDS=sotheby%27s&COLLECTION=wsjie/6month
This looks like good news. Not only will we have Saks clothes, now we will have Sotheby’s art. GE Money got the issuing financial institution position.
I am surprised the MoMa and the Met declined to partner. It is my impression that while not struggling these museums are not safely in the black. I think they missed out on a long-term opportunity here to truly secure themselves as world leading art institutions.
I would gather that the basic version, as they mention, will be a World MasterCard. The only potential downside I see is the lack of tax deduction for the donations. Doesn’t it get complicated if you use rewards given to you for spending as a donation and subsequently trying to determine and deduct the value from your taxes?
I hope they offer PayPass in some form with these cards even if the cardholder may be less likely to frequent typical PayPass merchants.
Answer
I forgot to check the Sotheby's website!
More info at: http://sothebysmastercard.com/
Answer
You can, of course, already use credit card points for charitable donations...
American Express
https://www124.americanexpress.com/cards/loyalty.do?page=donateonline
Diners Club
https://www.citibank.com/dinersus/jsp/clubrewards/catalog/english/certificate_list.jsp?category=1849da35&subcategory=3cc1816
Answer
The free Domestic upgrades and Complimentary first-class companion tickets could be worthwhile depending on what airfair you need to buy etc.
Answer
wow, benefits seem awesome.. really invitation only? whats the fee?
Answer
I'm sure they'll let anyone get it. You just need a 5k min limit.