Mastercard Gold Card Review

Card Details	The Offer	Is it Worth It?
Pros and Cons	Why 4 Stars?	Fees
Benefits

Card Details

Regular APR:	16.49% (Variable)
Intro APR (Purchases):	None
Intro APR (Balance transfers):	0% for first 15 billing cycles for transfers in first 45 days
Rewards Rate:	one (1) point for every one dollar ($1) you spend
Credit Needed:	(740 – 850) Excellent
Annual Fee:	$995 ($295 for each Authorized User added to the account)
Card Brand:	Mastercard

*See online credit card application for details on the terms and conditions.

Offer Highlights

• Click APPLY NOW to apply online
• one (1) point for every one dollar ($1) you spend
• 2% Value for Airfare Redemptions: 50,000 points will get you a $1,000 ticket on any airline with no blackout dates or seat restrictions
• 2% Value for Cash Back Redemptions: Cash back can be deposited directly into a US bank account or applied as a statement credit
• Mastercard Gold Card members receive up to $200 in annual air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more. For your convenience, Luxury Card automatically applies the credit to your account
• Global Entry & TSA Pre Application Credit. With Global Entry, enjoy expedited arrival into the United States from international destinations. Global Entry members are eligible to participate in TSA Pre, an expedited domestic security screening at participating airports in the United States. Luxury Card members receive a one hundred dollar ($100) automatic statement credit for the cost of the Global Entry application fee
• VIP Airport Lounge Access with Priority Pass Select Enjoy complimentary access to more than 1,200 airport lounges around the world with Priority Pass Select?regardless of the airline you are flying or class of ticket you have booked. For your convenience, Mastercard Gold Card and Mastercard Gold Card members are automatically enrolled in the Priority Pass Select program
• Luxury Card Concierge can assist you with travel bookings, various personal requests and much more
• Mastercard Priceless: Luxury Card members enjoy invitation-only, once-in-a-lifetime experiences. Enjoy a look behind the scenes, sit courtside, see the dress rehearsal before opening night or learn skills from top experts in their trade. Mastercard Priceless delivers exclusive opportunities to go beyond the ordinary
• Each year Luxury Card Travel offers you an average value of $500 in travel benefits and services per stay. Amenities and services may include resort or spa credits, complimentary food and beverages, room upgrades and welcome perks.
• Unique construction: 24K-gold-plated stainless steel front and carbon back

Is Mastercard Gold Card worth it?

Mastercard Gold Card is a solid card for luxury consumers who like gold. To start, the card offers its own concierge to assist you with travel bookings, various personal requests and much more. The card also offers you an average value of $500 in travel benefits and services per 3-day hotel stay. Amenities and services may include resort or spa credits, complimentary food and beverages, room upgrades and welcome perks. The rewards rate for Mastercard Gold Card is lower than average: cardholders earn one point for every one dollar you spend. The mid-tier version of Mastercard Gold Card is called the Mastercard Black Card, and it has almost the exact same benefits as Mastercard Gold Card except it has a 1.5% cash back redemption rate instead of 2% cash back redemption that the Gold Card has. Most importantly, it has a $495 annual fee. For cardholders who take advantage of all the perks offered by either of these two Luxury Cards, a $495 annual fee could be justified. But this card – the Mastercard Gold Card – has a steep $995 annual fee and only adds the benefit of a physical 24K-gold-plated card, so it’s not recommended for most people.

Pros

• Luxury Card members receive a one hundred dollar ($100) automatic statement credit for the cost of the Global Entry application fee
• Each year Luxury Card Travel offers you an average value of $500 in travel benefits and services per stay. Amenities and services may include resort or spa credits, complimentary food and beverages, room upgrades and welcome perks.
• Receive up to $200 in annual air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more
• 2% Value for Airfare Redemptions: 50,000 points will get you a $1,000 ticket on any airline with no blackout dates or seat restrictions
• 2% Value for Cash Back Redemptions

Cons

• No sign up bonus
• $295 for each Authorized User added to the account
• Even with 2% cash back redemption and 2% airfare redemption offered by Mastercard? Gold Card?, the rewards rate of one point per $1 makes this rewards card below average

Why 4 Stars?

Regular APR

4 Stars

Intro APR

5 Stars

Fees

4 Stars

Perks

4 Stars

Overall

4 Stars

Fees

Foreign Transaction Fee	None
Balance Transfer Fee	Either $5 or 3% of the amount of each transfer, whichever is greater
Cash Advance Fee	Either $10 or 5% of the amount of each cash advance, whichever is greater
Penalty APR	None

Benefits

$0 Fraud Liability

Auto Rental Collision Damage Waiver

Baggage Delay Insurance

Cellular Telephone Protection

Emergency Card Replacement

Emergency Cash Advance

Extended Warranty Program

Lost Luggage Reimbursement

Purchase Protection

Roadside Assistance

Travel Accident Insurance

Travel Assistance

Trip Cancellation and Interruption

Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.

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