Mastercard Gold Card™ Credit Card Review

By Hanna Volkava
Updated March 11, 2024
Mastercard® Gold Card™ Barclays Bank Delaware
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Our Rating:
2.49 out of 5
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 1% Point for every one dollar ($1) you spend.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $995 annually ($295 for each Authorized User added to the account)
  • Purchase Intro APR:
    None
  • Regular APR:
    21.24% - 28.24% Variable
  • Balance Transfer APR:
    21.24% - 28.24% Variable
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Barclays Bank Delaware Mastercard® Gold Card™ Rewards Calculator

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All benefits

  • Points
    • 1x 1 point for every one dollar ($1) you spend.
  • Travel
    • Hotel & Travel:
    • The Luxury Card Travel program offers a comprehensive suite of travel services to make your personal and business travels more efficient and more comfortable. Featuring over 3,000 properties and trusted hotel brands around the globe, the options are endless.
    • No Foreign Transaction Fees:
    • Enjoy greater freedom with no foreign transaction fees on purchases made while traveling abroad.
    • VIP Airport Lounge Access with Priority Pass™ Select:
    • Enjoy complimentary lounges wherever your travel takes you. With over 1,300 airport experiences in over 500 cities around the world you can enjoy pre-flight food and beverages, connect to Wi-Fi and relax in a quiet space, perfect for business and vacations.
    • $0 Fraud Liability Protection Pay only for purchases you have authorized with your Luxury Card, whether you pay in a store, over the phone or online. As a Cardmember, you are not responsible in the event someone makes unauthorized purchases with your card.
    • Airport Meet & Assist:
    • Save time, avoid hectic crowds and remove the inconvenience of airport procedures by having a professional representative meet and escort you through the airport process in an expedited fashion.
    • Cellular Telephone Protection:
    • Provides supplemental coverage for eligible damage or theft of your eligible cellular wireless telephone.
    • Baggage Delay Insurance:
    • Baggage delays are an inconvenience. You may be eligible for reimbursement of covered items for up to $100 a day (maximum 3 qualifying days) for qualifying baggage delays of more than 4 hours from the time you arrive at your travel destination (arrival at your primary residence is excluded).
    • Global Acceptance:
    • For your convenience, Luxury Card is accepted at 8 million domestic retailers and is part of an operating network in more than 210 countries and territories.
    • It Pays To Be a Member:
    • Each year Luxury Card Travel offers you an average value of $5003 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. You’ll also receive up to $2004 in annual airline credits toward flight-related purchases including airline tickets, baggage fees and upgrades. Likewise, receive a $1002 automatic statement credit for the cost of the Global Entry and TSA Pre✓® application fee, granting you expedited entry into the United States and other time-saving benefits.
    • Travel Accident Insurance:
    • Receive up to $250,000 coverage for eligible common carrier accidental death & dismemberment, at no additional cost, when you charge your entire travel fare to your eligible card for a covered trip.
    • Auto Rental Collision Waiver:
    • Provides secondary coverage for covered damages to an eligible rental vehicle when you pay for the entire rental transaction using your card and decline the coverage offered by the rental agency.
    • Porsche Experience Centers:
    • Test drive the Porsche of your dreams. Explore the thrill and what makes Porsche special at the Porsche Experience Centers in Atlanta and Los Angeles. Cardmembers can enjoy a 90-minute driving experience with exclusive perks and personalized coaching.
    • Trip Cancellation and Interruption:
    • Provides secondary coverage for a covered, roundtrip purchase when you use your eligible card. You can be reimbursed for the cost of the non-refundable, roundtrip expenses up to $5,000 per insured person if certain accidental covered events cause you to cancel or interrupt your trip for a covered reason.
    • Travel Assistance:
    • Designed to assist you or your travel companions when you're traveling 50 miles or more from home. Service is available 24 hours a day, 365 days a year, and provides: Master Trip Travel Assistance, Medical Assistance, and Master Legal Referral Service.

Rate and fee information

  • Purchase Intro APR
    • None
  • Purchase APR
    • 21.24% - 28.24% Variable
  • Intro Balance Transfer APR
    • 0% Introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening
  • Balance Transfers APR
    • 21.24% - 28.24% Variable
  • APR for Cash Advances
    • 29.99% Variable
  • How to Avoid Paying Interest
    • Your due date is at least 23 days after the close of each billing cycle. You will not be charged any interest on purchases if you pay your entire balance by the due date each month. You will be charged interest on cash advances on the transaction date or the first day of the billing cycle in which the transaction is posted, whichever is later.

Fees

  • Annual Fee
    • $995 annually ($295 for each Authorized User added to the account)
  • Fees for Balance Transfer
    • Either $5 or 3% of the amount of each transfer, whichever is greater
  • Fees for Cash Advances
    • Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Return Payment
    • Up to $39
  • Late Payment
    • Up to $39
View all Rates & Fees

Pros & Cons

Pros:
  • 0% intro APR for 15 months on balance transfers
  • No Foreign Transaction Fees
  • Patented 24K-gold-plated stainless steel front and carbon back card
  • Generous airfare and cashback redemption rate.
  • Access to Mastercard® Priceless®
Cons:
  • High annual fee
  • Premium fees for additional users
  • No sign-up bonus
  • Low rewards rate

Features

Gold
Mastercard
  • No foreign transaction fees
  • Payment Flexibility
  • Fraud Protection
  • Rewards
  • Bonus points
  • Purchase Protection
  • Extended Warranty Protection
  • Lost Luggage Reimbursement
  • Baggage Delay Insurance
  • Trip Cancellation
  • Auto Rental Insurance
  • 24/7 Travel Assistant
  • Airport Lounge Access
  • Excellent Credit

About the issuer

Barclays Bank Delaware has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your

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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

Pros: Cons:
0% intro APR for 15 months on balance transfers. The card offers a 0% intro APR on balance transfers for the first 15 billing cycles. High annual fee. This card charges a $995 annual fee. This makes it one of the most expensive credit cards, second only to Centurion Card from American Express, which is available only by invitation.
No Foreign Transaction Fees. Enjoy greater freedom with your out-of-country shopping with no foreign transaction fees on international purchases. Premium fees for additional users. For each authorized user that you add, you will be charged $295.
Patented 24K-gold-plated stainless steel front and carbon back card. It’s one of the heaviest cards, at 22 grams, and plated with 24-karat gold to set your status while allowing you to shop and travel with style. No sign-up bonus. Mastercard® Gold Card™ doesn’t offer any sign-up bonuses.
Generous airfare and cashback redemption rate. If redeemed for airfare or cashback, rewards are doubled. Low rewards rate. You will get only 1 point for every $1 spent.
Access to Mastercard® Priceless®. Enjoy invitation-only access to exclusive events, Priceless Cities®, and Priceless Golf®. Plus, you'll have periodic surprises from Priceless Surprises®.

Rewards system in a nutshell

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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.

icon-info

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.

FAQ

What is the customer service phone number for Mastercard® Gold Card™?

To get in touch with the customer service phone of Master Gold Card, just dial 844.LUX.CARD from 7 a.m.–12 a.m. (EST), seven days a week.

How to check my application status for Mastercard® Gold Card™?

To check the status of your application, simply call customer service, Just dial 844.LUX.CARD from 7 a.m.–12 a.m. (EST), seven days a week.
Hanna VolkavaHanna Volkava

Financial and product expert

hv@myfin.us
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