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The Mastercard® Black Card™ is a travel card issued by Luxury Card, which claims to lead the industry in metal card design. With an emphasis on the card's weight (22 grams) and an unboxing video uploaded by the card issuer, it seems this credit card was made to go viral. Although it has some reasonable perks, it's also overpriced with a $495 annual fee. Learn more about the pros and cons in our full review.
Mastercard® Black Card™
Good/Excellent (670-850)
Intro APR
Purchases: N/A
Balance Transfers: 0%, 15 billing cycles
Regular APR
14.99%, variable
Rewards 2% for airfare redemptions and 1.5% cash back on other purchases
1.5% - 2% back
Annual Fee
$495
Welcome Offer
N/A
While this hefty metal credit card makes a statement, the high annual fee and perks may not be a fit for most cardholders.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
---|---|---|---|---|---|
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Discover will match all the cash back you’ve earned at the end of your first year. N/A | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 17.24% - 28.24% Variable APR |
||
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Up to $300 cash back Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases. | 1.5% - 5% cash back Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases |
Intro: 0% Intro APR on Purchases and Balance Transfers for 15 months Purchases: 0% Intro APR on Purchases, 15 months Balance Transfers: 0% Intro APR on Balance Transfers, 15 months Regular: 20.49% - 29.24% Variable |
Apply Now for Chase Freedom Unlimited®
On Chase's Secure Website. |
|
Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
60,000 bonus points Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠. | 5x on travel purchased through Chase Travel℠, 3x on dining and 2x on all other travel purchases Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. |
Intro: N/A Purchases: N/A Balance Transfers: N/A Regular: 21.49%-28.49% Variable |
Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
This credit card is a good fit for: Consumers who want straightforward benefits and prefer a card with a sleek design over one with more valuable benefits.
To its credit, the Mastercard® Black Card™ does offer some decent features.
The rewards structure on the Mastercard® Black Card™ is a little confusing. It earns 1 point for every $1 you spend, which is extremely low. Most good rewards credit cards offer either a higher flat rate or bonus categories.
You can, however, redeem rewards for $0.02 per point toward airfare or $0.015 per point toward cash back. If you go with airfare, you're effectively getting 2% back on your spending. If you choose cash back, you're getting 1.5% back. That's still not great, but it's at least better than a flat 1%.
Read more: Best Cash Back Credit Cards
The Mastercard® Black Card™ is currently offering 0% intro APR for 15 billing cycles on balance transfers. While this is a nice extra perk, the relatively high 5% transaction fee and short qualifying period of 45 days from account opening make it less ideal. Additionally, the 0% rate applies only to balance transfers, not to new purchases made with the card.
This card offers a $100 annual credit toward flight-related purchases, including airline tickets, baggage fees, upgrades, and more. Statement credits are automatically applied to eligible purchases.
A membership fee to either Global Entry or TSA PreCheck is covered by the Mastercard® Black Card™. When you pay with this card, you receive an automatic statement credit of up to $100 (the cost of Global Entry, which is more expensive). You're eligible for the credit once every five years, coinciding with when you need to renew your membership.
These are both expedited security programs that save you time at the airport. Global Entry is the superior option, because membership also includes TSA PreCheck benefits.
The Mastercard® Black Card™ comes with a complimentary Priority Pass Select membership providing access to over 1,300 airport lounges worldwide. The membership includes unlimited visits for both you and your guests, so if you travel frequently, it's definitely a nice benefit to have.
LEARN MORE: Best Credit Cards With Airport Lounge Access
Cardholders have 24/7 access to a Luxury Card Concierge that can assist with travel bookings, personal requests, and much more. Here are some of the many arrangements the concierge can handle on your behalf:
SEE MORE: Best Mastercard Credit Cards
This credit card offers the following protections on eligible purchases:
Like most travel credit cards, the Mastercard® Black Card™ doesn't charge a foreign transaction fee. You can use it outside the U.S. without paying extra.
SEE MORE OPTIONS: Best No Foreign Transaction Fee Credit Cards
There are several areas where the Mastercard® Black Card™ falls short of other card competitors.
The Mastercard® Black Card™ carries a $495 annual fee. That's in line with what other high-end travel cards charge. The problem is that this Luxury Card doesn't offer nearly as many benefits as its competitors, so the value it provides doesn't come close to what you could get from other credit cards in its class. Make sure to browse other credit card reviews to see what else is out there.
Many credit cards offer sign-up bonuses for new cardholders. A sign-up bonus is an introductory offer, such as 50,000 points if you spend $3,000 in the first three months. These types of offers are common among all cards, and expensive travel cards often have some of the most valuable sign-up bonuses you can find.
You won't find any such offer with the Mastercard® Black Card™, and that's a huge drawback. It's one of the most expensive credit cards we've seen without a sign-up bonus. While the bonuses on other cards can be worth $500, $1,000, or more, you miss out on that kind of upfront value if you get this Luxury Card.
A rewards rate of just 1 point per $1 on purchases isn't even competitive for no annual fee credit cards. For a card that costs $495 per year, it's shockingly low.
The Mastercard® Black Card™ partially makes up for that by offering higher redemption values than most other cards. But it's not enough to catch up to travel cards that have bonus categories earning anywhere from 3 to 5 points per $1. You'd almost certainly get more value from your everyday spending with a different credit card.
There are only two ways to redeem points with the Mastercard® Black Card™: airfare at $0.02 per point and cash back at $0.015 per point.
These are decent options, but they don't measure up to the more versatile redemptions offered by other credit cards. Several cards earn points that you can either redeem for travel at a fixed rate, like you can with the Mastercard® Black Card™, but also that you can transfer to different airline and hotel partners. This gives you much more flexibility, and it can also help you get more value for your travel rewards.
Here are a few of the top credit card rewards programs offering more ways to redeem rewards:
The spending credits on the Mastercard® Black Card™ include $100 annually toward air travel and up to $100 every five years for a Global Entry/TSA PreCheck membership. That breaks down to $120 per year in total.
While that may seem good at a glance, it pales in comparison to what other cards in this price range offer. Cards that cost this much usually include $250 or more in yearly spending credits.
To give a couple examples, the Chase Sapphire Reserve® has a $300 annual travel credit and a $550 annual fee. The U.S. Bank Altitude™ Reserve Visa Infinite® Card has a $325 annual travel and dining credit for a $400 annual fee.
The Mastercard® Black Card™ is designed for consumers with good to excellent credit, and a FICO® Score of 670 at a minimum is recommended before applying. Having a higher credit score will help your chances, as most approved applicants have a score of 700 or more.
Keep in mind that it's possible to be approved with a lower credit score or denied with a higher one. Luxury Card (this card's issuer) takes many factors into account during the application process, and while your credit score is very important, it's not the only thing that matters.
Luxury Card puts a lot of attention on factors that shouldn't be that important when choosing a credit card. It talks about how the Mastercard® Black Card™ literally outweighs its competitors and the number of patents that went into the design.
What really matters is how a credit card's annual fee compares to the value it offers, and in that regard, the Mastercard® Black Card™ fares poorly. Most of the best credit cards have the potential to save you much more money than this one, and you can find plenty with more travel perks, too.
KEEP READING: Best Airline Credit Cards
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
Yes, the card is made of black PVD-coated metal.
Additional authorized users can be added for an annual fee of $195 each.
Current offers include complimentary ShopRunner membership when you enroll with your Luxury Card and a $5 Lyft credit after you take three rides in a month paid for with your Luxury Card (limited to one credit per calendar month).
Our Credit Cards Experts
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The Motley Fool owns shares of and recommends Mastercard.