– Black Card

February 28, 2020

By Martin Norris

The Luxury Card, available to pre-qualified US consumers at is a stainless steel black Mastercard issued by Barclays. The official name of this rendition is the Mastercard® Black Card™ and it is essentially a high end rewards card, boasting a slew of luxury benefits, that's competitive with the top of the line rewards offers from other banks.

The rewards program for this offer is a points rewards based system where points may be redeemed for airfare, statement credit or cashback, and gift cards. When redeemed for airfare, the value is that of 2% on purchases, meaning that the value of each point is .02 when redeemed this way. For statement credit/cashback it's 1.5% or .015/point, and for gift cards 1% or .01/point.

When considering whether or not to respond to an offer it's important to know that this card caters best to avid travelers. In addition to the most lucrative redemption option being airfare, many of the other enticing benefits are geared toward travel. This includes a $100 annual travel credit which can be applied to many different related expenses, even airfare. There's also a $100 TSA Global Entry fee application credit and membership to Priority Pass Select, a service which allows entry to airport lounges. In addition to these three quantifiable perks when deciding whether or not to apply for the card, there are many other benefits that may vary depending on your travel itineraries such as spa, drink and food credits as well as hotel and resort upgrades available at a few thousand properties.

While there are several other high end rewards cards, at this point pretty much every major issuer has one, what makes the Luxury Card stand out is the concierge experience. Rather than having to call a dedicated "concierge" line with the card, there's a downloadable mobile app that allows you to open up live communication with a representative when you're on the go. This is a very unique experience as it eliminates aggravating hold times. This feature as well as the Mastercard Priceless experiences program make the added benefits even more to people on the fence as to whether they should jump on offers.

There are a slew of other benefits as well, which can be found not only on the website, but in bullet points on the application engagement page. These include subscription to the Luxury Magazine and Luxury Gifts -- this last item is a bit confusing but apparently cardholders will receive random gifts, high end gifts of course, periodically. All of these benefits off-set in many cases, in addition to rewards earnings, the cost of the card, which is currently $495/annually with the option to add additional cardholders at $195.

The application process is pretty simple at as at the address all that is required is the applicant's last name as well as the 11 digit invitation or reservation code which will pre-populate the application over a secure server.

Rate information is currently not available at the referenced website but currently there is a 0% APR on balance transfers for 15 months (albeit there is a 3% balance transfer fee). The regular purchase and balance transfer rate is 16.49% with an annual fee of $495 as referenced previously in this synopsis of the offer. Like many other travel rewards cards, there's no fee on foreign transaction purchases which can typically run 3%.

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