Luxury Card Mastercard Black Card

Andrew Reyes  | 
  • Annual percentage rate (APR): 14.99%.
  • Purchase intro APR: None.
  • Rewards: 2% airfare redemption and 1.5% cashback.
  • Annual fee: $495 plus $195 for each additional user.
  • Late fee: Up to $39.
  • Credit score: Good to Excellent (700-850).
  • Compare cards here.

Benefits

  • Airfare and cash-back rewards: One of the main benefits of the Luxury Card Mastercard Black Card is the generous airfare redemption rewards and cash-back benefits. The card comes with a 2% redemption rate for qualifying airfare expenses, which could be a major selling point for frequent travelers. With a cash-back rate of 1.5%, it’s also a decent card to earn some straightforward cash back.
  • Personalized customer service: This card also features a 24/7 concierge service designed to help customers book travel, answer questions, and provide personalized solutions and advice. For customers looking for a card with excellent customer service, the Luxury Card Mastercard Black Card doesn’t disappoint.
  • Other travel benefits: The card also comes with a slew of other attractive travel benefits. Members receive up to $100 in airline credit each year, as well as a $100 credit toward global entry and TSA precheck. Cardholders have access to over 1,300 VIP airport lounges across the world, regardless of their airline or plan ticket class. The card also comes with additional travel perks such as baggage delay insurance, travel accident insurance, and auto rental collision insurance. There are no foreign transaction fees, which makes this card a good option for those who frequently travel internationally.

Drawbacks

  • High annual fee: The main drawback to the Luxury Card Mastercard Black Card is the high annual fee of $495. If you want to add any additional authorized users to your account, you’ll have to pay an extra fee of $195 per user each year. This high fee means that the cards might not be cost-effective for customers with a more modest budget.
  • No welcome offer: Unlike many cards of its caliber, the Luxury Card Mastercard Black Card doesn’t offer any welcome bonuses to entice new customers. These bonuses can often have a cash value of a few hundred dollars. Borrowers looking for a hefty signup bonus can find better options elsewhere.

What Can You Expect From the Luxury Card Mastercard Black Card?

The Luxury Card Mastercard Black Card is a luxury rewards credit card with decent airfare and cash-back bonuses. It has a high annual fee, but also features extensive travel perks and benefits.

Earning and Redeeming Rewards

The card offers great rewards when it comes to travel and cash-back. Members will receive 2% in airfare redemption rewards when they book plane tickets. They also earn a competitive 1.5% cash back across the board. These rewards are in line with many other similar luxury credit cards, although the Luxury Card Mastercard Black Card doesn’t offer any additional rewards categories or redemption options for customers looking to truly maximize their rewards.

Travel Perks

The Luxury Card Mastercard Black Card comes with a variety of travel perks and benefits, making it a great choice for frequent travelers. The card charges no foreign transaction fees, which can be handy if you often travel internationally. Members also receive annual credits for airline purchases and TSA precheck.

Other benefits include delayed baggage insurance, rental car collision insurance, travel accident insurance, and more. These perks go above and beyond when it comes to travel, making the card a great fit for customers who are always on the move.

Brand Partnerships

In addition to the other benefits associated with this card, members are eligible for a variety of credit and discounts with participating brands. These include Lyft, Boxed, Fandango, and more.

Aesthetic Considerations

Another minor perk of the Luxury Card Mastercard Black Card is its appearance. The card weighs 22 grams and is made of black-coated stainless steel. It has a sleek, attractive design, and its hefty weight feels nice in the palm of your hand. While you probably shouldn’t choose a rewards card based on looks alone, it’s a nice vanity bonus that few cards can match.

Who Should Get the Luxury Card Mastercard Black Card?

The Luxury Card Mastercard Black Card is a decent card for borrowers looking for a credit card with good rewards rates when it comes to travel and cash back. With tons of additional travel perks on offer, it’s a good fit for frequent international travelers who are looking for a luxury experience when it comes to a credit card.

The high $495 annual fee may be a turn-off to some potential customers, and borrowers looking for a simple fee-free card will be able to find better options elsewhere. With limited redemption options and no extra earning categories, this card may not be the best fit for customers who are looking to truly maximize their rewards.

Compare other travel reward cards and learn more here.


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