Mastercard Gold Card™ Credit Card Review

Mastercard® Gold Card™ Credit Card Review

The Mastercard® Gold Card™ credit card has an expensive annual fee but offers premium lifestyle benefits to cardholders. So, let’s take a look at the pros and cons of this high-end credit card.

With this metal credit card plated with 24-karat gold, you can swipe with style and enjoy 2% value for airfare redemptions, 2% value for cashback redemptions, and as much as $200 annual airline credit. While it also comes with a high price in annual fee, the card offers some luxurious perks.

The Mastercard® Gold Card™ is suited for people who want style and distinction while enjoying premium services and classy privileges. It is more than just a 24-karat gold-plated card. It offers an elegant lifestyle unrivaled by average credit cards.

Mastercard® Gold Card™: pros and cons

Rewards system in a nutshell

For every dollar spent, you will earn one point. You will enjoy double the rewards if you redeem your points for airfare, cash via direct deposit, or a statement credit. This is equivalent to a 2% value for airfare and a 2% value for cashback redemptions. Moreover, rewards will not expire for the life of the credit card account.

The Mastercard® Gold Card™ credit card issued by Barclays Bank Delaware offers several options to redeem your cashback rewards:

• Travel redemption. You can redeem your earned points for travel, such as hotels, car rentals, and airfare. Airfare redemption starts at 50 points for a dollar through myluxurycard.com. Car rentals and hotel redemptions may vary based on the selected redemption option and availability.
• Cashback direct deposit. You can convert points into cash through direct deposit into a U.S. savings or checking account for a dollar every 50 points.
• Statement credits. You can use points to pay for your statement bills through a statement credit. Redemption starts at 50 points to a dollar.
• Gift cards/certificates. Spend your cashback points to purchase gift cards or certificates of participating establishments. The redemption rate may vary based on selection and availability.

Who can benefit from getting the Mastercard® Gold Card™?

Those who appreciate value more than money will greatly benefit from the Mastercard® Gold Card™ credit card, which has high-value perks.

Cardholders can get up to $100 worth in Global Entry & TSA Pre✓® Application Credit, up to $200 value in annual airline credit. You can also enjoy Priority Pass Select access to VIP airport lounges. On top of these, you will have access to the Luxury Card Concierge® and various high-end privileges.

If you have a considerable balance with another credit card, you can pay it off in 15 months at zero interest through the 0% APR on balance transfers. Although the expensive annual fee is a major setback, Mastercard® Gold Card™ offers exclusive lifestyle perks beyond measure.

Are there any other benefits?

Yes, the following are the other great benefits that come with the card:

• TCS World Travel benefits. TCS World Travel will connect you to worldwide destinations with extreme ease and comfort. You can select from the available scheduled expeditions or customize your itinerary or private jet of your choice. You will receive a $1,000 gift card on any journey that departs in 2021 for a minimum spend of $35,000 per person. Every year, the scheduled expeditions change.
• Travel accident insurance. The card offers coverage as much as $250,000 for common carrier accidental dismemberment or death when you use the card for an air travel purchase.
• Auto rental collision waiver. You are covered with secondary insurance coverage for eligible rental vehicle damages when you pay using your card for the entire rental transaction and decline the coverage offered by the vehicle rental agency.
• Trip interruption and cancellation. Up to $5,000 secondary coverage per insured person in reimbursements for the cost of non-refundable roundtrip expenses for canceled trips due to accidental covered events.
• Baggage delay insurance. You may qualify for reimbursement of up to $100 a day (up to 3 days) on covered items for qualified baggage delays of more than 4 hours from the time of your airport arrival at your travel destination.
• 24/7 Luxury Card Concierge®. The Luxury Card Concierge is your complete management tool that can help with personal requests, travel bookings, and more. The Concierge service is available 24/7 to every cardholder with no hidden fees.
• Luxury Gifts. Cardholders will receive gifts from recognized brands.
• $0 fraud liability protection. Pay only for authorized purchases with your Luxury Card. This is also applicable to online purchases, as well as purchases made over the phone.
• Mastercard ID theft protection. With the theft resolution services, you will have access to 24/7 assistance with card replacement should you become an identity theft victim. Mastercard® Gold Card™ also helps to resolve issues with credit bureaus.
• Porsche Experience Centers. Your dream to experience driving a Porsche will finally come to life with the Luxury Card feature that lets you test drive the Porsche at the Porsche Experience Centers in Los Angeles and Atlanta. As a cardholder, you can enjoy a 90-minute maximum limit for a thrilling Porsche driving experience with personalized coaching and exclusive perks.

Conclusion

The Mastercard® Gold Card™ Credit Card is the ideal choice for those who want style and distinction through ownership of a 24-karat gold-plated metal credit card that comes with extra upscale lifestyle perks.

While the annual fee is extremely high, plenty of premium perks offered by the card will make life pleasant and effortless.

Overall, Mastercard® Gold Card™ is an excellent card with elegant benefits and exclusive lifestyle offers. Having one will elevate your status to the upper-class group. So, it is a league of its own, and it’s not a credit card for the average cardholder.