Mastercard black card comparison with other luxury credit cards

When it comes to luxury credit cards, nothing is more appealing than the famous "Black Card." More often than not when we think of Black Cards, we mean the invitation-only Amex Centurion card, an exclusive product reserved for Amex's top-shoppers.

which promises a luxury ride in exchange for an annual fee of $ 495 and $ 195 for each authorized user. How does this card benefit compared to other premium credit cards in the same price range? We will review the premium features of the Mastercard Black Card and determine if there is a better option for your wallet.

Black Card Summary

Mastercard Black Card is one of three products offered by Luxury Card. It's designed with a unique black PVD-coated stainless steel front and a carbon back. Because of its alluring name, Black Card gets the most attention.

Let's start with the first thing most people see when applying for a new card: the welcome bonus. The Black Card does not offer any sign-up bonuses, which immediately puts it at a disadvantage compared to other cards in the same annual fee range.

Black Cards earn 1 fixed point per dollar for all purchases, without bonus categories to increase your profit. You have two main exchange options: cash back or airline tickets. You can exchange your points for 2 cents each for airline tickets, putting them ahead of the competition. However, you can get much higher returns by transferring points from Chase, Citi or Amex to airline partners, instead of exchanging them directly through the portal.

In terms of the Black Card cash back rate of 1.5%, non-premium cards such as the Chase Freedom Unlimited® or the Citi® Double Cash Card also offer at least 1.5% cash back on purchases (Citi Double Cash offers up to 2% cash back; 1% when you buy, plus 1% when you pay). For a limited time, the Chase Sapphire Preferred Card even lets you redeem points for 1.5 cents each for certain purchases.

Of course earning and burning is only part of the premium credit card equation, with many people choosing to pay hefty annual fees for luxury travel perks. Black Card offers an annual airline credit of up to $ 100 (which can be used for airline tickets), Priority Pass Selection membership, Global Entry / TSA PreCheck registration fee credit of up to $ 100 every five years and access to VIP officers 24/7. This facility is quite standard on almost all premium credit cards on the market.

The Black Card comes with all the travel and purchase protection you would expect from a premium product. Tourists receive protection including:

Travel cancellation and interruption insurance.

Get secondary protection for closed round-trip purchases when you use the card. You may be reimbursed for non-refundable round trip costs of up to $ 5,000 per person if an accidental closed event causes you to cancel or interfere with your trip for covered reasons.

Travel assistance.

 Get Master Travel Assistance, Medical Assistance, and Master's Legal Referral Service when you travel 50 miles or more from home.
Baggage delay insurance. You can be reimbursed for protected items of up to $ 100 a day for a maximum of three days which is eligible for a delay of more than four hours from the time you arrive at your destination (arrivals at your primary residence are excluded).
There are no overseas transaction fees. Take this card when you travel abroad and don't worry about paying a fee every time you swipe it.

Travel Accident Insurance.

Get coverage of up to $ 250,000 for death and qualifying general airline accident deductions when you charge the full fare of travel to a card eligible for covered travel.

Car Rental Collision Waiver.

This card comes with secondary protection for damage incurred for the rental car when you pay for it by card and refuse the protection offered by the rental agency.
Onefinestay. Get access to thousands of rental homes and villas worldwide, plus a 10% discount on eligible bookings.

Mastercard® Priceless®.

Enjoy a once-in-a-lifetime experience for invitees only under Priceless Cities® and Priceless Golf®.

Black Card also comes with the following advantages:

S upplemental coverage for damage or theft of your cell phone
A $ 5 discount on qualifying orders of $ 25 or more when you use your card to order through Postmates

Register and take five eligible trips a month using the card and earn $ 10 Lyft credit
Use the card to get a 5% cash prize off a Box order that qualifies for use on future purchases

Get free two-day shipping and free return shipping on qualifying purchases when you sign up for a free ShopRunner membership with a Black Card

Get double the points for tickets you buy through Fandango by card, 250 points per ticket. Collect 500 points and get a $ 5 VIP + prize.