Who has this card

[CarolinaKid]

i just applied today and was accepted for a account. [h=2]MasterCard® Gold Card[/h]

The crème-de-la-crème of MasterCards is its Gold card, made from 24K-Gold-Plated carbon. It has the best rewards of all the luxury MasterCards, as well as the highest annual membership fee (currently $995). Perks include:

• Double points when redeemed for airfare and a $200 annual airline credit
• 2% cash back
• $100 Global Entry application fee credit

Cardholders also get the occasional luxury gift and a subscription to MasterCard’s members-only magazine. It is currently taking applications for this card on its website.

 

[CarolinaKid]

Congratulations, you've been approved! Your card should be arriving in 7-10 days in a plain white envelope. To start enjoying the many benefits of your card, activate it as soon as it arrives.

 

[pathologist]

I heard a lot of homos get that card

 

[CarolinaKid]

Great post dude^^^^^

 

[HarryCaray]

I heard a lot of homos get that card

hahahahahaha

 

[919]

Update: Some offers mentioned below are no longer available. View the current offers here – Mastercard Gold Card



Earlier this year MasterCard introduced the new Luxury Card portfolio, including the $495 Mastercard Black Card and two other Luxury Card versions: the Mastercard Titanium Card with a $195 annual fee and the $995 annual fee Mastercard Gold Card. I included the Gold Card in my most recent round of credit card applications because of the 50,000-point sign-up bonus after spending $3,000 in the first 90 days of account opening, worth $1,000 in free air, hotel, car or cruise travel. Today, I’ll go through the pros and cons of this card based on using it for a few months.

Let me start by saying I love Barclaycard, the managing bank for this product. As a part of the Service Members Civil Relief Act (SCRA) benefits for active duty military, it waives the annual fee for credit cards, including the $995 for this card! But would I recommend you pay the annual fee for the benefits of this card? Let’s take a look.

PERKS

Somewhat Impressive Design
<figure id="attachment_197269" class="wp-caption aligncenter" style="box-sizing: border-box; margin: 0px auto 3rem; max-width: 100%; color: rgb(32, 32, 38); font-family: Walsheim, Arial, sans-serif; font-size: 18px; -webkit-text-size-adjust: 100%; width: 697px;"> <figcaption class="wp-caption-text" style="box-sizing: border-box; font-style: oblique; font-size: 1.6rem; line-height: 1; overflow: auto; padding: 0px 0px 0.5rem; width: 528px;">The packaging made an impression — but it wasn’t what you’d expect for a $995 card.</figcaption></figure>
Things started out promising when the box for the card showed up two days after I was approved. The gold box has a form-fitting plastic holder for the card and two pocket guides giving a brief overview of the benefits. If you’re the kind of person who enjoys a few oohs and aahs when you hand over your card, this will certainly do the trick. It weighs twice as much as Chase Sapphire Preferred Card and is supposedly constructed with 24k gold. I can’t really tell which part of the card is made of this material, but it has gotten a few second looks when I’ve handed it over for payment.

2% Cash Back Toward Travel

You earn 1 point per dollar on all purchases, but each point is worth 2 cents toward statement credits or free airfare, car, cruise or hotel nights. Travel must be booked through the My Luxury Card travel portal. A flat 2% cash-back card is enticing, but can be had for a much lower annual fee with products like the Citi Double Cash Card, which offers up to 2% cash back.

$200 Airline Fee Reimbursement and Global Entry Application Fee

Charges for airfare, baggage fees, upgrades, in-flight beverages or lounge access are eligible to receive a $200 annual airline credit each calendar year. The $200 airline fee credit, $100 Global Entry reimbursement and the 50,000-point sign-up bonus means you could come out $365 ahead after your first year — not really a screaming deal compared to what else is out there. Plus, plenty of other cards offer Global Entry application fee credits, and less expensive products like the Platinum Card from American Express offer $200 airline fee credits as well.

PROBLEMS

Annual Fee

I was hoping perhaps the marketing literature for the card left something out that would make a $995 annual fee worthwhile. With cards like the Citi Prestige and The Platinum Card from American Express offering more valuable points plus Priority Pass lounge access and free hotel nights for half the annual fee of the Gold Card, the Gold Card is a particularly hard sell.

Appearance

The card really has a faded off-yellow look rather than a luxurious gold hue. The pattern on the back of the card is also a bit odd, and really doesn’t look like how you’d expect a nearly $1,000 card to appear.

Travel Perks

I’ve skimmed through the 405-page travel benefits book, which is online at myluxurycardconcierge.com. The vast majority of the offerings are 10% discounts on services which I’d rarely use and benefits that are available through much cheaper Citi or American Express cards.

The other travel protections and services the card offers — like a concierge, trip cancellation insurance, baggage delay protection and a rental car CDW — are nice, but again are available on cards with a much lower annual fee.

Is the card worth it?



After having it in my wallet for a few months, I’m not sure why someone would pay $995 for the Gold Card unless they really want to wow a few restaurant servers or car rental clerks with its unique design. Even with its weight, the whole appearance of the card and the packaging does not feel like the luxury you would expect. I personally think the Ritz-Carlton Rewards Credit Card and Citi Prestige look better than this card — and they offer much more valuable benefits at significantly lower fees ($450, for both).

While I think MasterCard may have missed the mark in offering this card without something that puts it over the top, I cannot complain and am very grateful I can enjoy these perks and the $1,200 in free travel for getting the card. That said, those who can’t get the annual fee waived should probably look elsewhere.

 

[919]

I just pay with gold krugerrands

 

[RoofTop]

MasterCard sends me money to use their card

 

[exploited17]

What a loser you are. I got a no limit black Amex card. Bwahahahahahh

 

[CHOPTALK]

What kind of idiot would pay $1000 a year for a credit card?

 

[HarryCaray]

What kind of idiot would pay $1000 a year for a credit card?

I'm sure it's a big hit at the tennis club.

 

[beefdiesel]

What kind of idiot would pay $1000 a year for a credit card?

i pay nothing and get 1% cash back 2% at the gas pump and grocery store

 

[slapshot]

I just pay with gold krugerrands

Hahaha

 

[JustinCruise]

lmao this card is trash. I have a phd in travel rewards cards.


Chase Sapphire Reserve is 1000x better and with lower fees. I'm pushing 250k points on mine. Will blow past that after going to disney next week. I'll have a 10 night luxury Aruba vacation in 2019 100% free.

 

[CarolinaKid]

JC yes that is a great card as i have it too

 

[Betallsports]

Can't see paying $1000 per year to own this card IMHO

 

[PoundFoolish]

I have a 2% cash back card w/ NO fees. Can anyone convince me there is a better card out there?

 

[GoBlue34]

I have a 2% cash back card w/ NO fees. Can anyone convince me there is a better card out there?

Difficult to answer, I get way more than 2% back with the points I earn but I also redeem them for things like 1st class flights overseas. I would never pay $10,000 for a one way flight to say London but 50,000 points from my Chase card transferred to American Airlines, sleep on a bed on the way there and back, good food, etc? Yes

Stay in a $1500 a night hotel in downtown Paris on points for a week? I've done that too

 

[HarryCaray]

OP is ballin' out and wants everyone at Rx to know it.

 

[CarolinaKid]

go blue what chase card do you have, i have 3 different chase cards here