About the Mastercard Gold Card
Luxury Card provides customers with unique credit cards such as Mastercard Gold Card. This credit card offers you competitive cash back rates and additional luxury services and perks. However, this card may seem heavy as its weight is 22 grams. That is because this card is made of gold.
The Mastercard Gold Card features
As soon as you receive this credit card, you'll notice that the card is shipped in a quality custom box made of a cherry wood tray with all the tools you might need to help get you started, including the flashcards, which provide quick and easy information about essential benefits, notable features, and the Luxury Card rewards program. You'll also receive a Luxury Card utility pad specially designed from handcrafted leather to use as a mousepad, jewelry rest, and more.
Mastercard Gold Card is made of a 24-karat gold-plated stainless steel front and carbon back for durability and distinction.
Moreover, this credit card enables you to participate in the rewards program. You will earn 1 point per dollar on purchases. Points are worth 2 cents each when redeemed for airfare or cash-back. For example, at a 2% redemption rate, 50,000 points will get you a $1,000 ticket with no blackout dates or seat restrictions.
In addition, you may redeem for cash back at a rate of 2 percent, either deposited directly into a US bank account or applied as a statement credit. Minimum redemptions start at $1 or 50 points, and bank account deposit redemptions max out at $500 per redemption and may take several days.
Besides, Mastercard Gold Card will give you access to a 24/7 Luxury Card Concierge dedicated team ready to assist you with personal requests, travel arrangements, tickets to events, and more.
The Luxury Card travel program also offers room upgrades, spa credits, and complimentary food and beverage. In addition, Mastercard Gold Card members also receive an annual air travel credit of up to $200 for flight-related purchases, including airline tickets, baggage fees, upgrades, and more.
Moreover, you will have a welcome bonus with a 0% intro APR on balance transfers for 15 months. After that period expires, you will be charged a standard rate of 17.99% variable. There are no fees for foreign purchase transactions, but you will be charged a balance transfer fee of $5 or 3% of each transfer and a cash advance fee of $10 or 5% of each cash advance. Although these fees are relatively low, you must consider that this card has a $995 annual fee and $295 for each Authorized User added to the account.
Also, some additional Mastercard Gold Card benefits, such as Global Entry and TSA PreCheck application credit, let you enjoy expedited arrival into the United States from international destinations.
Furthermore, there are such perks as:
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Cellular telephone protection;
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VIP airport lounge access with priority pass select;
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Travel accident and baggage delay coverage;
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Mastercard special offers;
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zero fraud liability protection;
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Enhanced trip cancellation and trip interruption insurance etc.
Pros and cons
As we see, Mastercard Gold Card has enough strong sides:
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Rewards points are earned for making purchases;
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No foreign transaction fees;
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$100 Global Entry or TSA PreCheck credit;
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0% intro APR offer;
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2% rewards on all purchases;
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$200 annual airline credit.
Nevertheless, Mastercard Gold Card has several significant drawbacks:
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The annual fee is $995;
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No welcome bonus;
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Additional $295 per-authorized-user yearly fee.
How to apply for a Mastercard Gold Card
Applying for this credit card requires you to visit the Luxury Card website and find the webpage that contains information about Mastercard Gold Card. As soon as you visit this page, you will see the “Apply Now” button. Click on that button to be redirected to the application page. First, you will see brief data about this credit card and its key benefits. Also, you will need to read the terms and conditions, and as soon as you have that done, you can start the application. Next, you need to enter the following information:
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General Information: Your name, permanent address; city-state; time at the permanent address, and residence status.
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Employment and financial information: Source of income; occupation; total annual gross income.
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Contact Information: Primary phone; email address and choose whether you are a citizen of the USA or not.
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Security information: Date of birth, SIN, and mother’s maiden name.
After those boxes, you need to choose whether you want to receive paperless statements, add an authorized user if required, add balance transfers, and look through legal terms and conditions.
Finally, you must confirm your application and click the “Apply” button.