 99% sites online are affiliated working for the trade card companies and giving you dishonest and misleading sugar-coated information trying to sell you trade cards and making money off you. Hello everyone, this is Ahmed Dan of AhmedDan.com. If you are looking for unbiased, non-affiliated and honest trade card reviews and information then you are at the right place. Today I'll talk about Bream World Elite MasterCard, why I decided to cancel this card and why it didn't make sense for me anymore to keep this card paying $199 annually. Bream sent me an email about a year ago notifying that the annual fee will go up from $120 to $199 and they mentioned the reasons in this email why they are increasing the annual fee. This is the first time I heard any trade card which increased their annual fee from $120 to $199 even before issuing their trade cards because when I got this email that time the Bream trade cards didn't come out yet. So the first time I heard a trade card company increasing annual fee even before the trade cards reaching the customer's hands. So if you look at the email that they are mentioning here that the features and benefits they are giving are equal to $399 to $799 annual fee trade cards but when you look at the benefits they are actually not even equal to $120 per year annual fee trade card. For example, if you look at the benefits they are just doubling up their insurances. They are not actually adding any benefits. For example, here they are mentioning that they have 0% current transaction fees, free global Wi-Fi, security features and two points for every $1 spent. But these features were there even before the free increase and these didn't change. So what is changing? They are just changing the annual fee. So if you just go through the email then they are just doubling up or sometimes like 2.5 times increase of insurances. For example, trip interruption and trip cancellation, lost baggage, delay insurance and lost and stolen baggage insurance, emergency medical travel insurance, mobile device insurance. So they are just playing a trick here because most people who have this card they are not going to be using these insurances every year. So when you travel, possibly you are going to need a travel insurance to actually apply or actually you are going to have bad luck and you would require insurances once in a while. I have been traveling for 25 years and I never had to claim any insurance ever for these years. So they know that increasing these insurances really doesn't mean anything because most people will not be like you know claiming this anyway, once in a while probably like you know a very few handful of people who claim this. So it doesn't cost them anything because no one is claiming these insurances and then they just want to make more money by increasing the annual fee to $199. So there is no reason for anyone to pay $199 to a credit card which doesn't give you concierge service, doesn't give you a lounge access, free lounge passes, recurring annual gift or bonus, for example a free hotel night or free points each year. So basically this card doesn't have any benefits except the insurances and foreign transaction fee and even there is, the foreign transaction fee is very questionable because Bream does not use master curves on foreign transaction fee. They make up their own foreign currency exchange fee and there is a room for them to just like in a charge whatever they want because they are using their own fee. So I don't see any point here why would I pay $199 for a credit card which has no benefits just insurance benefits features and one point or two points per dollar spent benefits which is not a big deal. Let me just make clear that by cancelling Bream World Elite MasterCard I am not actually coming out of Bream altogether so I'm just cancelling my Bream World Elite MasterCard and I'm transferring to the no annual fee version of Bream regular credit card. So in that way I don't lose some of the rewards I have already accumulated under Bream World Elite MasterCard so those rewards will be transferred to the Bream regular version and I'm not losing the credit limit which I was issued under Bream World Elite Card. So the main differences between these two cards is the rewards structure and it doesn't have any insurance offer. So for example with the Bream regular credit card you earn one point per dollar or one percent return and with Bream World Elite you earn two points or two percent return and but this card has some of the good features which Bream World Elite has for example you can still have a zero percent foreign transaction fee which is Bream's own rate not MasterCard's own rate then also you can have free boingo global Wi-Fi so that actually it's a very good feature to have stating the fact that you're not paying any annual fee and you're still getting the free global Wi-Fi so that's my another reason. And then if you look at the other things then it just doesn't have the insurances or any launch key but you know for launch key Bream doesn't actually give you any free launch passes it just give you the free launch subscription so each time you enter a lounge you still have to pay so that's no point you know keeping the World Elite for that as well and then insurances it doesn't have that much insurances some of them you just have a little bit for example purchase security or extended warranty but if you look at travel your insurances it has almost nothing you can see that all these are known. Looks like that's all the differences between the Bream regular and Bream World Elite MasterCard. I'll continue keeping the Bream regular version rate card paying a zero annual fee and I'll use the boingo global Wi-Fi free and that's why I canceled the Bream World Elite and I switched my my credit limit to Bream regular version rate card. 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