BCU Product Knowledge (PK) Quiz #2

2.

(True or False) You can choose to get Choice Rewards (or not) with the Gold Mastercard but with the World Elite card, you have no choice, the Choice Rewards points are automatically included.

True
False

Correct Answer

A. True

Explanation

True: With the World Elite MasterCard you will enjoy automatic enrolment in the CHOICE REWARDS program, which now has more redemption options than ever before.

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3.

Unlike all the other CUETs master cards, this card offers 2 Choice Reward points for every dollar charged in eligible retail purchases.

Gold Mastercard
Gold Mastercard with Choice Rewards
World Elite Mastercard

Correct Answer

A. World Elite Mastercard

Explanation

The World Elite Mastercard: The CHOICE REWARDS World Elite MasterCard is the elite card that helps you get away - faster. Earn 2 points for every dollar charged in eligible retail purchases
• Redeem points for premium merchandise from the CHOICE REWARDS website or for travel through the exclusive CHOICE REWARDS Travel Agency at a 1% value (10,000 points = $100 worth of travel)
• If you don't have enough points for an entire trip, you can charge the remainder to your CHOICE REWARDS World Elite MasterCard and earn even more points!
• No restrictions on travel:
 Any seat
 Any carrier (airline, cruise, ski package, etc.)
 Any travel time (even during seat sales and blackout periods)
 Any destination
• There is no limit to the number of CHOICE REWARDS points that you can earn with the CHOICE REWARDS World Elite MasterCard through eligible retail purchases.

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4.

The annual fee for this card is $96. It comes with Travel Medical Insurance.

Gold Mastercard
Gold Mastercard with Choice Rewards
Low Fee Gold Mastercard
World Elite Mastercard

Correct Answer

A. Gold Mastercard

Explanation

The Gold Mastercard: it doesn’t include Price Protection or Concierge features. It does have
• TRAVEL MEDICAL INSURANCE Out-of-Province/Country Travel Health Plan
• MasterTrip®
• MasterPurchase®
• MasterRental®
• MasterLegal®
• Optional Balance Protection Insurance

The World Elite is the only card that features Price Protection or Concierge - The comprehensive package of insurances attached to the card is unrivaled.

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5.

The only differences between the Low Fee Gold and the Gold Mastercards is that the annual fee, additional card fee, and sign up bonus are higher and the low fee does not include Travel Medical Insurance.

True
False

Correct Answer

A. True

Explanation

True: The Gold Mastercard offers the same features (except Travel Medical) interest rate, grace period, and Choice Rewards benefits as the Low Fee Masterard.

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6.

You have been Out-of-Province/Country for 36 days and have an Emergency Medical situation, you are in luck, your Gold Mastercard will provide you with up to $2,000,000 Travel Medical Insurance.

True
False

Correct Answer

A. False

Explanation

False: Coverage is for the first 31 days of each trip outside your province or territory of residence. AND…Coverage applies to:
• primary cardholder under the age of 75
• his/her spouse under the age of 75
• eligible dependent children
• who meet the following eligibility requirements:
• resident of Canada covered under a Government Health Insurance Plan for the full duration of the coverage period; and
• not employed outside of Canada on a full or part-time basis

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7.

Don't want to pay for medical coverage you won't use? Still want the prestige and spending power of a premium card? The ______________ is the one for you!

Gold Mastercard with Choice Rewards
World Elite Mastercard
Low Fee Gold Master Card
Gold Mastercard

Correct Answer

A. Low Fee Gold Master Card

Explanation

Low Fee Gold Master Card: But with it you will still get

MasterTrip® Trip Cancellation Insurance
• Charge at least 75% of your trip to your MasterCard Card
• Applies if you, a family member, or a travelling companion falls ill, experiences serious injuries or passes on unexpectedly, requiring you to cancel your tickets at the last minute
• Coverage applies to cardholders, spouse and dependent children travelling with you
• Tickets will be refunded to $1,000 per account per trip

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8.

(True or False) With any of our CUETs Mastercards you are eligible to receive up to $300 for expenses for emergency purchase of essential items when Air Canada delays or misdirects (i.e. loses) your baggage for more than 24 hours.

True
False

Correct Answer

A. True

Explanation

True this is one of the features of Master Trip which comes with all our Mastercards, another feature is
Trip Cancellation Insurance

Applies if you, a family member, or a travelling companion falls ill, experiences serious injuries or passes on unexpectedly, requiring you to cancel your tickets at the last minute
Coverage applies to cardholders, spouse and dependent children travelling with you
Tickets will be refunded to $1,000 per account per trip (With World Elite the max is $3,000)

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9.

(True or False) When you sign up for a Low Fee Gold Mastercard with Choice Rewards, you will receive 5,000 Bonus Sign Up Points.

True
False

Correct Answer

A. False

Explanation

False, you really get 3,000 but if you get the Gold or the World Elite you get 5,000 points.

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10.

You instantly get 500 bonus points when you link an additional Choice Reward card to your Choice Rewards account on choicerewards.ca.

True
False

Correct Answer

A. True

Explanation

It only takes a second – sign in, Click MY PROFILE then click LINK CARDS then click ATTACH all you need is card number, name and postal code of the additional card, the click SUBMIT.

True: You ASLO get 500 bonus points for registering your account online. (So 1000 points if you have never registered before and have two cards that collect choice reward points.)

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Bcu Product Knowledge (Pk) Quiz #2

Which card is only offered to members with a total household income of $120,000 and over or personal income of $70,000 or over?

Quiz Preview

(True or False) You can choose to get Choice Rewards (or not) with the Gold Mastercard but with the World Elite card, you have no choice, the Choice Rewards points are automatically included.

Unlike all the other CUETs master cards, this card offers 2 Choice Reward points for every dollar charged in eligible retail purchases.

The annual fee for this card is $96. It comes with Travel Medical Insurance.

The only differences between the Low Fee Gold and the Gold Mastercards is that the annual fee, additional card fee, and sign up bonus are higher and the low fee does not include Travel Medical Insurance.

You have been Out-of-Province/Country for 36 days and have an Emergency Medical situation, you are in luck, your Gold Mastercard will provide you with up to $2,000,000 Travel Medical Insurance.

Don't want to pay for medical coverage you won't use? Still want the prestige and spending power of a premium card? The ______________ is the one for you!

(True or False) With any of our CUETs Mastercards you are eligible to receive up to $300 for expenses for emergency purchase of essential items when Air Canada delays or misdirects (i.e. loses) your baggage for more than 24 hours.

(True or False) When you sign up for a Low Fee Gold Mastercard with Choice Rewards, you will receive 5,000 Bonus Sign Up Points.

You instantly get 500 bonus points when you link an additional Choice Reward card to your Choice Rewards account on choicerewards.ca.