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Mastercard® Black Card™

Credit needed
Excellent Credit
APR
Variable 14.99%
Annual Fee
$495

Card Summary

Customers with good credit are eligible for the Mastercard Black Card. This luxury card rewards you with one point for every dollar spent. You can redeem points for 1.5% cash back redemptions or a 2% airfare redemption.

The Mastercard Black Card requires a $495 annual fee, however cardholders enjoy a variety of shopping and travel benefits. Mastercard Black Card offers a variable APR of 14.9%.

Card Summary - Cons

Rates and fees

Issuer Name
Luxurious Card
Penalty APR
N/A
Credit Needed
Excellent Credit
Balance Transfer Fee
$5, or 3%, depending on which is higher.
Annual Fee
$495
Cash Advance Fee
You can choose to pay $10 or 5% on each cash advance amount, depending on which is higher.
APR
Variable 14.99%
Foreign Transaction Fee
Each transaction is 0% in U.S. Dollars
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Luxurious Card

The Best Features

Balance transfer balance transfers are free of interest for a period of zero percent. The Mastercard Black Card provides 0% APR during the initial 15 billing cycles. The 14.99% variable APR is applicable after that.

Benefits for travelers:

Mastercard Black Card provides a number of valuable benefits, including no foreign transaction fee, travel assistance, $100 annually airline credit, and credit towards Global Entry or TSA Precheck expedited screening.

Priority Pass Select VIP access to airport lounges allows you to enjoy priority pass select.

Rewards

Sign up bonus

APR Requirements

Drawbacks

Mastercard Black Card: $495 Annual Fee.

Balance transfers are exempt from the zero percent APR promotional period.

The Mastercard Black Card offers a 0% APR initial period for balance transfers. Standard APR is 14.99% Variable.

Highlights

You earn points for every dollar you spend. Luxury Card increases your buying power. It gives you one point per dollar spent. Each purchase brings you closer to the reward you desire.

Airfare Redemptions: 50,000 Points = $1,000 on all airlines with no seat or blackout restrictions. 1.5% Cashback Redemptions Value Cashback can be applied to a statement credit or deposited into an American bank account.

With a range of benefits, you can shop and travel with ease knowing that your purchase will be safe and secure.Members of Mastercard Black Card receive an annual credit up to $100 for air travel on purchases related to flights, including tickets and baggage fees. The credit is automatically applied to your Luxury Card account for your convenience.

Enjoy expedited entry into the United States via Global Entry from international destinations TSA Pre is an expedited domestic security screening program that Global Entry members can take part in at all participating US airports.

You will have complimentary access to over 1,200 lounges in airports all around the globe with Priority Pass select, regardless of which airline or ticket class you booked. Priority Pass Select is automatically available to Mastercard Gold Card or Mastercard Black Card holders.

Mastercard Black Card benefits cardholders:

Credit towards Global Entry and TSA Precheck expedited screening.

Priority Pass Select allows you to access airport lounges.
Collision waiver for auto rental.
Baggage delay insurance.
Protection for your cell phone.
Mastercard global service.
Protection against Mastercard ID Theft.
Shoprunner free 2-day shipping.
Travel accident insurance.
Services for travel assistance.
Trip cancellation insurance and trip interruption insurance.
A $100 per year airline credit.

Benefits

Comparative Analysis with Other Cards

Mastercard Black Card vs. Chase Sapphire Reserve

Annual fee: Mastercard Black Card is $495, while for Chase Sapphire Reserve it's $550.

Reward: Mastercard Black Card gives you one point for every dollar spent. You can redeem points for 1.5% cash back redemptions or airfare redemptions at a 2% discount. Chase Sapphire Reserve gives you 10 points per $1 on Lyft (valid until March 2022), 3 points per Dollar on Travel immediately after earning $300 in travel credit, and 3 points per $1 on Dining at Restaurants.

Sign-up bonus: No sign-up bonus for Mastercard Black Card members. Chase Sapphire Reserve cardholders will be eligible to earn 50,000 bonus point when they spend $4,000 within the first three months of account opening. Chase Ultimate Rewards (r) allows you to redeem this bonus for $750 towards travel.

Benefits: Mastercard Black Card Holders get benefits, including: a fee credit towards Global Entry and TSA Precheck expedited screening; airport lounge access through Priority Pass Select; an auto rental collision waiver; baggage delay insurance; cellphone protection. Trip cancellation and interruption insurance.

Chase Sapphire Reserve cardholders don't have to pay any foreign transaction fees. They can access airport lounges with Priority Pass Select and receive a $200 travel credit.

Comparison of Mastercard Black Cards vs. American Express Platinum Card

Annual fee: The Mastercard Black Card requires an annual fee of $495. American Express The Platinum Card requires a $695 annual fee.

Reward Program: One point for every dollar spent on Mastercard Black Card purchases. You can redeem points for 1.5% cash back redemptions or a 2% value on airfare redemptions. American Express Platinum Card cardholders can earn 10 points for eligible purchases at American Express restaurants around the world and when they Shop Small in America. This is on your 6th month of Card Membership.

Five points per dollar are awarded for flights that you book directly with American Express Travel or airlines. Bonus points will not be available on purchases above $500,000 each year. Five points are earned for every dollar spent on eligible hotels when booked through American Express Travel.

Sign-up bonus: Mastercard Black Card offers no welcome bonus. American Express' Platinum Card allows cardholders to earn 100,000 Points after they spend $6,000 in the first six months of their Card Membership.

Benefits: Mastercard Black Card benefits include: a credit towards Global Entry and TSA Precheck expedited screening; airport lounge access using Priority Pass Select; an auto rental collision waiver; baggage delay insurance; cellphone protection. Trip cancellation and interruption insurance.

American Express Platinum Card offers benefits such as purchase protection, rental car coverage, extended warranty coverage and platinum concierge. You also have access to the Global Lounge collection, $200 airline credit, $200 Uber credit, trip cancellation and interruption insurance, TSA Precheck fee credit, Global Entry credit or TSA Precheck fee credit. Enrollment required.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

Luxurious Card