Mastercard® Gold Card™
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The Mastercard® Gold Card™ is a luxury card designed for those who don’t mind paying the hefty $995 fee for perks like around-the-clock access to a concierge. There is no welcome offer, which is odd for a premium travel card, but you do get Priority Pass airport lounge access, plus a $100 credit for Global Entry/TSA PreCheck. There is also a $200 annual airline credit, and points have a value of 2% when you redeem them for airfare or cash back. There is still no getting around the fact that this card is expensive, and other travel credit cards offer more rewards, a signup bonus, and great perks for less money. Read on for the details in this Mastercard Gold review.
Our Rating
3.5/5.0
Welcome Offer
None
Annual Fee
$995
0% Intro on Purchases
N/a
Reward Rate
1x points
0% Intro on Balance Transfers
15 months
Editorial Review
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts, Identity theft protection |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay |
| Benefits | Cell Phone Protection, ShopRunner, 24/7 customer service |
| Travel Perks | Access to Special Events and Concerts, Auto Rental Collision Damage Waiver, Concierge Services, Emergency Travel Assistance, Airport Lounge Access, Luggage Protection, Travel Accident Insurance, Trip Cancellation Insurance, TSA PreCheck & Global Entry credit |
Rewards
Interest Rates & Fees
| Annual Fee | $995 Annual Fee ($295 for each Authorized User) |
| Foreign Transaction Fee | 0% of each transaction in U.S. dollars |
| Regular APR | 20.74% to 28.74% (V) APR |
| Balance Transfers | 0% Intro APR for 15 months on balance transfers, then 20.74% to 28.74%(V) APR after that. |
| Balance Transfer Fee | Either $5 or 3% of the amount of each transfer, whichever is greater. |
Insurance
Trip Cancellation and Interruption Insurance
Secondary coverage on round-trip purchases. Collect up to $5,000 per insured person to recover losses from interrupted or canceled trips. Restrictions, limitations and exclusions apply.Cell Phone Insurance
Simply pay for your mobile phone bill with your Luxury Card to activate coverage for eligible damage or theft claims. Your Luxury Card comes with yearly coverage should your phone need certain repairs or is stolen.
Lost Baggage Insurance
Once bags are more than four hours late to your travel destination, Cardmembers can claim up to $100 a day in reimbursement payment of covered items for the inconvenience. Restrictions, limitations and exclusions apply.
Car Rental Loss and Damage Insurance
Secondary coverage for damages to an eligible rental vehicle when you pay for the entire rental using your card and decline the coverage offered by the rental agency. Restrictions, limitations and exclusions apply.
Pros & Cons
- No foreign transaction fee
- Up to 2% value for airfare and cash back redemptions
- Annual fee
- No welcome bonus
- High APR
- Requires good credit
What Are the Best Alternatives?
Capital One Venture X Rewards Credit Card
Rating
4.9
Rewards Range
2x - 10x
Annual Fee
$395
Chase Sapphire Reserve®
Rating
4.9
Rewards Range
1x - 10x
Annual Fee
$550
The Platinum Card® from American Express
Rating
4.5
Rewards Range
1x - 5x points
Annual Fee
$695