LATAM Airlines vs LATAM Airlines World Elite

Every figure below is from the same dataset Miles computes its recommendations from. Rows the two cards agree on are collapsed at the bottom.

Economics

Dollar figures are per year unless the row says otherwise. Ongoing annual value is Miles' estimate of what the card adds per year after its annual fee: statement credits discounted for realistic use, benefits, and earning above a strong flat-rate card on a typical spending profile. First-year value is a separate net figure that includes the welcome bonus. A welcome bonus shown at its advertised maximum may not be available to every applicant; that figure is not marked as stronger. ★ marks the stronger comparable figure on other rows, and no row is marked when either figure is unknown.
Figure	LATAM Airlines First Electronic Bank	LATAM Airlines World Elite First Electronic Bank
Annual fee	Best: $0 $99/yr less	$99
Ongoing annual value, after fee	Best: $0 $58/yr more	−$58
First-year value	$140	Best: $317 $177/yr more
Authorized user fee	—Unknown	—Unknown

Sign-up Bonus

The current welcome offer as recorded in the dataset. No winner is marked: a bonus is points times a valuation times a spend requirement you may or may not clear, and the first-year value above already prices it.
Offer	LATAM Airlines First Electronic Bank	LATAM Airlines World Elite First Electronic Bank
Current offer	15K miles after $1K spend within the first three months	40K miles after $2.5K spend within the first three months

Earning

Percentages are the return on a dollar spent: the multiplier times what Miles values those points at. ★ marks the higher return on a row. Categories only one card earns a bonus on are marked for that card; the other earns its base rate.
Category	LATAM Airlines First Electronic Bank	LATAM Airlines World Elite First Electronic Bank
Dining	2X2%	Best: 3X3%
LATAM Airlines purchases	3X3%	Best: 4X4%
Rideshare	2X2%	Best: 3X3%
Transit	2X2%	Best: 3X3%

Benefits

Statement credits, lounge access and elite status as listed in the dataset; protections are counted, not listed. No winner is marked: twelve small credits are not more than two large ones, and the row that prices them, ongoing annual value, is under Economics.
Benefit	LATAM Airlines First Electronic Bank	LATAM Airlines World Elite First Electronic Bank
Statement credits	—Unknown	—Unknown
Lounge access	—Unknown	LATAM Airlines Lounges (2/yr)
Elite status	LATAM Pass	LATAM Pass
Protections	0	0

The same on both cards (6)

Rows where both cards state the same figure or the same earning rate. Nothing is marked, because there is no stronger side.
Fact	LATAM Airlines	LATAM Airlines World Elite
Foreign transaction fee	None	None
Issuer	First Electronic Bank	First Electronic Bank
Rewards currency	LATAM Pass	LATAM Pass
Card type	Personal	Personal
Network	Mastercard	Mastercard
All other purchases	1X1%	1X1%

Which one is right for you

This page shows the difference. It does not pick: the winner depends on what you spend and what you already hold, and adding these figures up without knowing that would be a guess dressed as a verdict. Ask Miles and it computes the answer against your own wallet.

Ask Miles which to get