Which has the lower annual fee, Odyssey World Elite Mastercard or Rewards World Elite?

The Rewards World Elite has a $120 annual fee, while the Odyssey World Elite Mastercard charges $130/year.

Which card is better for groceries, Odyssey World Elite Mastercard or Rewards World Elite?

The Odyssey World Elite Mastercard earns 3% on groceries, while the Rewards World Elite earns 3.5x. The better choice depends on your grocery spending and the specific merchants you shop at.

Odyssey World Elite Mastercard vs Rewards World Elite — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

Rewards World Elite wins by $528/yr — strongest in bills & utilities

Rewards World Elite earns $120 more on bills & utilities
Rewards World Elite earns $64 more on groceries
$300 welcome bonus advantage

Bills & Utilities: +$120Groceries: +$64Dining & Restaurants: +$50

Odyssey World Elite Mastercard: $30/yr in foreign transaction fees

Rewards World Elite: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

$583

/first year

1.4% effective$49/mo

vs 1% no-fee card: +$165

Annual rewards earned+$743

FX costs−$30

Annual fee−$130

Winner

$1,112

/first year

2.7% effective$93/mo

vs 1% no-fee card: +$693

Annual rewards earned+$962

Welcome bonus+$300

FX costs−$30

Annual fee−$120

Best for your spendingRewards World Elite—$1,112Year 1 value

+$528 more than Odyssey World Elite Mastercard

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Earn Rates by Category

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The Bottom Line

Rewards World Elite wins by $528/yr — strongest in bills & utilities

Rewards World Elite earns $120 more on bills & utilities
Rewards World Elite earns $64 more on groceries
$300 welcome bonus advantage

Bills & Utilities: +$120Groceries: +$64Dining & Restaurants: +$50

Showing Year 1 analysis

Rewards World Elite wins in both Year 1 and Year 2+ — consistent long-term value.

Data Sources

Issuer terms & conditions (verified Mar 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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