LATAM Airlines World Elite Mastercard®
A $99-a-year airline card from Cardless.
Rates, fees, and full terms are set by Cardless and can change. See current rates & fees on the issuer’s site, and always confirm the latest terms before applying.
Our review
The LATAM World Elite Mastercard is the paid version of the LATAM card, at a $99 fee, with stronger earning and perks for more frequent LATAM flyers. The miles are still locked to LATAM, so this only makes sense for someone who flies the airline regularly.
For a dedicated LATAM traveler it can be worthwhile, but for most US cardholders it is a niche single-airline card.
Think twice if: you fly LATAM only occasionally, since the free LATAM card covers the basics.
Our 5.6 out of 10 rating
Each score weighs the rewards rate, value after the annual fee, welcome offer, points flexibility, and perks, with every point valued at a flat 1 cent. This is our editorial assessment to help you compare cards, not a guarantee of approval or of the value you will get.
Earning rates at a glance
Rewards: how it earns
You earn better bonuses on dining and transit, in LATAM miles, plus travel perks. The earning is stronger than the free card, but the miles remain tied to LATAM, so the value depends on flying the airline.
| Category | Rate | Notes |
|---|---|---|
| Dining and restaurants | 3x | Bonus category |
| Transit and rideshare | 3x | Bonus category |
| Everything else | 1x | Everything else |
Every point and mile above is valued at a flat 1 cent, the same honest standard we use for every card. Run your own spending through the calculator to see what this card would actually return for you.
Best ways to earn & redeem
Put your dining and transit and rideshare spending on this card to earn at its highest rates, and let a different card handle the categories it does not bonus.
When you cash in, redeem the miles or points inside the single loyalty program this card is tied to. We value every point at a flat 1 cent, so treat any transfer upside as a bonus rather than the baseline — see what your points are really worth.
Pros and cons
- Stronger earning than the free LATAM card
- Travel perks for LATAM flyers
- Solid 40,000-mile welcome bonus
- Miles locked to LATAM
- $99 fee needs regular flying to justify
- Niche appeal for most US cardholders
The welcome bonus
The welcome bonus is solid: 40,000 miles after $2,500 in three months, a decent LATAM haul and the main reason to get the card.
Is it worth the annual fee?
The $99 fee needs regular LATAM flying and use of the perks to justify it. For an occasional flyer, the free LATAM card is the smarter choice.
First-year value vs ongoing value
| Welcome bonus | 40,000 miles |
| To earn it | $2,500 in 3 months |
| Est. first-year value* | $667 |
| Est. ongoing value / yr* | $267 |
The welcome bonus makes year one the high point: roughly $667 in value once you count the bonus, this card’s rewards, and its credits, minus the $99 fee. After that, the honest figure is about $267 a year, so judge whether it earns its keep on the ongoing number, not the first-year headline.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent, on average spending.
Benefits and protections
Beyond the rewards, the perks and protections worth knowing about include:
- 2 LATAM VIP Lounge passes and 2 courtesy upgrade segments per year
- No foreign transaction fees
Lounge access
This card includes airport lounge access. Here is exactly what you get, including the Priority Pass distinctions that vary by card:
- 2 LATAM VIP Lounge passes per cardmember year
Statement credits
This card does not come with recurring statement credits. Its value is in the rewards rate and welcome offer.
Who should get it, and who should skip it
If you fly LATAM regularly, this card's stronger earning and perks can justify the fee, and the welcome bonus helps in year one.
If your LATAM flying is occasional, stick with the free version. This paid card is for their regulars.
Alternatives to the LATAM Airlines World Elite Mastercard®
Pairs well with
The LATAM Airlines World Elite Mastercard® earns the most in its bonus categories, so pair it with a no-fee flat-rate card to cover everything it only earns a base rate on.
Frequently asked questions
Best-card guides featuring this card
Learn more
How does it rank for your spending?
Every card is ranked by what it actually returns on the way you spend. Run your numbers and see where the LATAM Airlines World Elite Mastercard® lands.
Calculate My CardOffer details verified against issuer sources as of October 2026. Editorial opinions are our own. Cardocrat values all points at a flat 1 cent and never inflates redemptions.
