 Hello everyone, this is Amit Dan and on this channel you'll find financial travel and more videos. If you like what you see, please do the thumbs up and consider subscribing. Thank you. Hello everyone, this is Amit Dan of amitdan.com. Today, I'll talk about the Bream World Elite MasterCard. Bream Financial has created a lot of buzz on the Canadian credit card market because the credit cards they are offering are packed with features which we haven't seen in Canada before and although the cards haven't been launched yet or they have not been sent to the customers yet, there's a lot of rumors and buzz on the market and even before starting to send out the credit cards, it has come to my attention that the Bream World Elite MasterCard which used to have $120 annual fee is going to increase their annual fee rate to $200. So this is what I saw on the Bream Financial website. So I'm going to take you to the Bream Financial website where I'll show you that it shows right now that the annual fee is $200 instead of $120. And I'll talk about a few more stuff and then I'll call you, I'll call Bream Financial and I'll ask them whether, you know, they're really increasing the fee from $120 to $200 or this is just a type or some sort of mistake because it makes no sense to pay $200 for just to have this Bream World Elite MasterCard. Yes, the card has lots of features. For example, no foreign currency fee, Boingo Global, Wi-Fi access and launch key launch, annual launch membership, but not free passes. However, $120 seems to be reasonable annual fee, but not $200. So let's call Bream and we'll find out what they have to say. And then I'll give you some more insights on $200 annual fee for this credit card. Thank you. Hello everyone. So we're looking at Bream website and yes, we know all know that Bream credit cards come with lots of features. For example, no foreign currency fee, global Wi-Fi, and added security. However, the $120 annual fee for the Bream World Elite MasterCard is very justifiable. And it's definitely in line with other World Elite MasterCard because you can have most of the Canadian premium credit cards are actually $120 to $150 annual fee. And what I just noticed that on Bream website, the annual fee for the Bream World Elite MasterCard, which is right here. Let me just zoom in a little bit. Okay, so the Bream World Elite MasterCard used to have $120 annual fee and when you now go to the Bream World Elite MasterCard section, so let's hit comparison. And then you can see right here that it's $199 now. It's no longer $120. So the Bream World Credit Card is $99 and Bream Free Version is $0. However, the World Elite Version went up from $120 to $199 and looks like the features are still the same. I don't see any like, you know, additional features they have increased or they're giving anything extra for this $80 increase from $120 to $200. So what I'll do, let me call Bream and confirm with them that this is not a type or anything and this is really is going to be $200 from now on. And then after confirming, I'll give you some more insights. Thank you. Okay, so we are calling Bream and let's take a look if anyone picks up the phone. Good, thank you. Yes, I'm just calling to double-check something with the Bream World Elite MasterCard. Yes, so in the past, I believe just probably last week when I was looking on your website, it shows that, you know, it showed that the NOLF is $120. But I'm looking at it right now and it shows that $199. Is this a type or this is real? I'm not sure, but it could be like February or March. The fight back then will be parted in. And the fee that it was before, which was $120. Okay. Yeah. Okay. So it's going to be $199 from now on. Are there like any benefits change or anything? Well, the detail has changed to $199. Okay. And also. Oh, okay. But you haven't changed the Bream World, right? It's still $99. Oh, okay. I just like to have your insights on something. So they're like, you know, BMO World Elite MasterCard, which has $150 annual fee and it gives four free launch passes. And then there's like, you know, Scotia Passport Visa Infinite $140 fee with four free launch passes. So the Bream has $200, you know, annual fee doesn't have any free passes, but it just gives you the annual membership via launch key, launch access program. So do you think people are really going to, you know, get this card for $200? Okay. You know, like five? Right. Well, like, sure. Okay. Actually I compared like, you know, both of all three and looks like actually BMO World Elite has even more coverage than Bream World Elite. And so is the Scotia Passport Visa. So I'm just wondering, like, you know, is it, could it be the higher end office coming from the free global Wi-Fi access? Oh, so I'm just saying that, you know, I compared the insurance benefits between your card and BMO World Elite and visa, Scotia Passport Visa, they have more coverage than Bream. But I'm just wondering, could your higher fee, as a result of the free global Wi-Fi access, which you're giving for free, the Scotia Passport doesn't charge, it has zero foreign exchange fee as well. No, no, I understand. I understand. I'm just like, you know, thinking that what is the justification of charging $200 when people have like, you know, more options paying less and getting more from other institutions. So it just like, you know, I just don't get it that, you know, it looks like to me that you're going to lose a lot of business, you know, because $200 is very high end, an old fee. And most, most other compared cars, which you can, like, you know, put in the same label, even giving more, they have like $120, $250. So that's why I just, I just wanted to, you know, let you guys know. Our agency is currently still working on those, you know. Yes. I mean, like, I'm sure if you did look at our website, you have a transfer website. Yeah, I saw that. Yeah, like based on PIT, that's a very, yeah. Just one last thing. I'm just thinking that, you know, after one year, I'm going to be switching to the regular Bream with the $0 NO fee. And my understanding that I'm going to still get free global Wi-Fi, correct? And then like, you know, no foreign transaction fee. So I'm going to still get that for $0. So for me, it sounds like the best deal, like, you know, probably in Canada, paying zero and getting free global Wi-Fi and foreign transaction fee. Actually, you're not giving free passes. You're just giving the annual membership, right? So the, it's not free access. You're just giving the annual membership, but they're not free passes. Because if you read the, exactly. Yes, correct. That is correct. But like, you know, other credit card, for example, BMO World Delete, gives four free passes, which has $150 annual fee and Scotia passport visa infinite. $140 annual fee gives six passes. So, yeah. So you're going to get a lot more, paying a lot less from those cards, you know? So I thought I'd just let you guys know. Oh, if I must point out, what? Yeah, like, um, okay. If you, if you bought a format. Oh, okay. My points, you know, the points I get from BMO World Delete, they're going to be still okay if I switch to Bream regular, right? Let's say I accumulated some points, right? From using a Bream World Delete. And once I switch to Bream regular, still I will have the same points, right? It's not going to go away. I mean, like, if you, if you were to Bream World Delete, you accumulate those points. Yeah. With those points, maybe. Exactly, exactly. Yeah. Yes. Okay, okay. Then it makes sense, you know? Thanks for confirming that. Sure. This is Ahmed Dunn. And actually, I did apply for a card, which I haven't received yet. Yes. Okay. As a fully launched, this won't get an email? Yeah, I'm getting email, like, you know, every few days, but it just says to, you know, to be patient. Okay. Oh, okay. So if I get the approval next week, probably I'll get the Cardoic after. Okay. Okay. Sounds good. Okay. Yeah. I'm like, how bad? Yep. Thank you for answering all the questions. All right. My pleasure. Thank you for contacting Group Financial and looking forward to having you as a customer, so. And I'm sorry. I missed your name. My name is Tim. Tim? Oh, thanks. E-M-I-D-E. I'm sorry. T-E-M-I-D-E. Okay. Yeah, it's immediate. So is Tim or Timid? I'm afraid now that you can call me Tim. Oh, okay. All right. Thank you, Tim. Okay. Okay. Thanks, E-2. Bye. Okay. So you just heard the conversation. The $199 annual fee is not a typo. This is a real thing. And the unfortunate thing here is that, you know, they're not giving you any free launch passes. You, as you heard, the conversation that, you know, if you have BMO World Elite, which pays $150, which has $150 annual fee, then you get free four passes, Scotia Passport Visa Infinite Card, $140 annual fee, you get six free launch passes. So I don't know, I don't understand why someone would want this card, BMO World Elite, which you have to pay $199 annual fee, and you get no free passes. You just get the annual membership fee for free. So the other thing I would like to mention that the customer service guy who is, you know, actually is a very good rep, and he's talking about all the benefits and everything. But those cars have the same benefits, and even they actually have more benefits than the Bream in some cases for travel insurance. So the benefits are in line or they're comparable, and even you're going to get more in some of them with the Scotia Passport Visa Infinite or BMO World Elite MasterCard. The only thing those cars do not offer, which Bream World Elite MasterCard is offering, is the launch key, sorry, not the launch key, is the, let me just take a look where did it go. The free global Wi-Fi, which is right here. So basically you get a fixed, some fixed hours free global Wi-Fi access every month, and you can use it anywhere in the world. So this feature actually is not provided by any other cars or any of those cars I just mentioned. So this is something really unique, and it might come in handy if you travel a lot or even on the plane you can use it. Some planes have Wi-Fi if you are a member of the global Wi-Fi. So this is a good feature, but the interesting thing is you can get this feature for free if you have Bream the basic card, which has a $0 annual fee. So I'm not going to keep this card beyond its first year, so I'm going to keep this card, and then after that I'm going to switch it to the Bream regular, which has zero annual fee, and still I'll be getting the foreign transaction fee of zero percent, and still I'm going to be getting free global Wi-Fi for free, which seems to be a best deal ever. No one is going to give you these for free, and for the other insurance features and lounge access features, I don't need those because I have my Scotia passport visa infinite card, and I have BMO order with MasterCard as well, and I do have reviews on those as well on my channel. You can see that later on. So that's my thought on this. I think this is a very bad decision from the Bream, even they increase the annual fee, even before cars are being handed out to clients. So from $120 to $200, that's a huge jump, and I don't see any justification for this increase because the benefits are not increasing, and you can have much more benefits from these other cars I just mentioned. So that's all for now. If you like what you see, please give it a thumbs up and consider subscribing, and on this channel I do financial travel and other videos. And one very important thing I'd like to mention you that this is the only channel where all the videos, all the reviews are non-aviliated. I do not make money of these credit card companies, and if you're reading any other reviews or anything online, most likely they're working for the credit card companies. They're offering you a link by which if we apply, they make money so they have their interest not to give you the right information. But here I do not do that. These are non-aviliated, unbiased, and honest opinion. So what you're receiving is nothing, there's no money behind it, and I'm actually working for you. I'm not working for any credit card companies. So I hope you like it, and please subscribe. I'll see you shortly. Thank you.