Grand Reserve™ World Mastercard® review
For a $149 annual fee and lackluster rewards, wine lovers may be disappointed.
- Get this card if you love wine, live near a West Coast wine region and you don’t mind paying a high annual fee.
- Pick something else if you want a better rewards card with no annual fee.
- Apply with a good to an excellent credit score of 720 or higher.
Points as welcome offer
Up to 7x
14.99% to 22.99%
Purchase APR (variable)
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For example, each point is worth around 0.6 cents — below the 1 cent most other reward programs offer. Plus, your redemption options are limited to a catalog full of glasses, openers, books, trays and more. You can’t redeem your points for wine, which kind of defeats the purpose of being a “wine card.” Granted, you can redeem points for a two-night weekend getaway, but there are only a few options and they cost more than 200,000 and 400,000 points.
Which brings us to the Grand Reserve™ World Mastercard®’s cost. With a $149 annual fee and a lackluster rewards program, it’s hard to vouch for this card. Unless you live near one of the West Coast wine regions and unless you really love wine, you could get by with another card that is likely to be more rewarding and without an annual fee.
How to apply for the Grand Reserve™ World Mastercard®
The application process is simple. Here’s how it works:
- Click Apply now.
- Fill out the application form.
- Review the application and submit.
What credit score do I need?
Increase your chances of approval with a good credit score of 720 or higher.
What to watch out for
- Annual fee. You’ll pay a $149 annual fee for the card.
- Can’t redeem points for wine. Despite being a wine card, you can only redeem your points for wine accessories, such as glasses, coolers, preservers and openers. You can also redeem points for wine-tasting experiences, but these often cost north of 200,000 points for a two-night weekend getaway.
- No balance transfers or cash advances. You can’t get a cash advance with your card and you can’t use it to make balance transfers.
- Reports to two credit bureaus. Unlike most credit cards that report to the three major credit bureaus, the Grand Reserve™ World Mastercard® reports to two — TransUnion and Experian.
Grand Reserve™ World Mastercard® benefits
- Rewards. Earn 5x points at Grand Reserve Partners, 3x points at any winery, wine club, or wine shop and 2x everywhere else. Redeem points only for wine accessories and experiences starting from 750 points. Points are generally worth 0.6 cents each.
- Signup bonus. Earn 50,000 bonus points after you spend $3,000 in your first 90 days of account opening. For 50,000 points you can get either a 36-Bottle Vino View, which typically costs around $350 or a 28-Bottle VinoView Wine Cellar, which also costs around $350.
- Specialized benefits. As a cardmember, you get complimentary priority wine pass membership, wine magazine subscription of your choice and access to exclusive Grand Reserve member events. One year wine pass costs $59.99.
Compare rewards credit cards
The Grand Reserve™ World Mastercard® is a niche card aimed at wine lovers. It comes with a high annual fee of $149 and with meager rewards that make this card a less rewarding option than a general rewards credit card like the Chase Freedom Unlimited®.
With the latter, you get to earn a flat 1.5% on all purchases, except some categories where you earn either 3% and 5% back. This beats the rewards earned with the Grand Reserve™ World Mastercard® by far, and it costs $0 annually.