Ah, the gold card. The term gold card is thrown around quite a bit in movies and TV shows. You might think that a gold card would be the créme de la créme. This is not always the case. The most popular gold card, while a solid introductory premium card, doesn’t offer a great deal of benefits. However, there is one gold card that’s truly deserving of the title. That’s the Mastercard® Gold Card™ from Luxury Card™.
The Gold Card from Luxury Card is not the best card for the frugal spender or for those who avoid cards with higher than average annual fees. The Gold Card from Luxury Card comes with an annual fee of $995. While quite pricey, the Gold Card from Luxury Card is just that–a luxury card. Not only does the card come with a long list of premium benefits and perks but the Gold Card is one of just a few cards actually made with real 24K gold and weighs an impressive 22 grams.
Though the annual fee is on the high side, the Gold Card is the perfect premium credit card for those looking for an exclusive experience and a card loaded with unique perks and benefits. But heads up, there isn’t a sign-up bonus. Still, without a sign-up bonus, the card offers tremendous earning potential year after year. This card is designed for long-term use and card holders will get the most value out of the card with continued use.
Mastercard Gold Card from Luxury Card Overview
|Card Construction||24K-Gold-Plated Metal Weighing 22 Grams, The Heaviest Metal Card in The Industry|
|Foreign Transaction Fees?||None|
|Top Benefits||- $200 Airline Statement Credit
- TSA PreCheck and Global Entry Statement Credit
- 24/7 Luxury Card Concierge
- Priority Pass Select with Unlimited Guest Passes
- Luxury Card Travel
|Ideal For||- Long-Term Use
- Business Owners
-High-Net-Worth Individuals Who Value Their Time
- Luxury Travel
- Luxury Lifestyle
Earning Points with The Gold Card from Luxury Card
Earning points with your Gold Card is quite straightforward. As is the case with many premium rewards credit cards, you’ll earn 1 point for every $1 spent. While this might not seem phenomenal, the Gold Card from Luxury Card comes with impressive earning and redemptions potential.
For cardholders that aren’t all that interested in special earning categories and earning rates that alternate quarterly, the Gold Card’s straightforward and consistent earning rates might actually be a plus.
For example, if you were to spend $1,000 a month, you would earn 12,000 points in a calendar year. You can then use those points for travel or cash back. If you’re interested to see how many points you’d earn with the Gold Card, you can use Luxury Card rewards calculator.
Redeeming Points with The Gold Card from Luxury Card
One of the best features of the Gold Card from Luxury Card is the ability to use your points for either travel or cash back. No matter how you earn points with the Gold Card from Luxury Card, those points can be redeemed for travel via the Luxury Card travel portal or cash back in the form of a statement credit or direct deposit.
Redemption rates are a step-up compared to other premium travel credit cards. Here’s how much value you can potentially get out of the points you earn with the Gold Card:
- 2% for Cashback Redemptions
- 2% for Airfare Redemptions
That’s actually quite impressive compared to other cards. For example, other premium cards like the Chase Sapphire Reserve and Platinum Card feature airfare redemption rates of just 1.5% and 1%, respectively. The Gold Card features significantly better value when redeeming points for airfare compared to other cards.
Additionally, the Gold Card from Luxury Card also features the most competitive cashback redemption rates of any premium card. The Gold Card features a cash back redemption rate of 2% while the Chase Sapphire Reserve and Platinum Card feature cashback redemption rates of just 1% and 0.6%, respectively.
If you’re looking to get the most value out of the Gold Card from Luxury Card, treating the card as a cashback card is typically the better choice. However, the card is still a solid option when redeeming for airfare.
You can book travel with the Luxury Card travel portal. Additionally, there are no blackout dates or seat restrictions when you use your points for airfare. You can redeem your points anytime and any amount. There’s no minimum required points to redeem and use your points. Plus, the points you earn with your card never expire.
The Benefits of The Gold Card from Luxury Card
With a steep annual fee, the Gold Card from Luxury Card does come loaded with premium perks and benefits. Again, it’s worth noting that this is a luxury card so the benefits are tailored to cardholders who enjoy the finer things in life. That’s not to say that frugal cardholders won’t get a lot of value out of the Gold Card.
My favorite benefits of the Gold Card from Luxury Card are the $200 annual airline statement credits, TSA PreCheck and Global Entry application statement credit, and the 24/7 Luxury Card Concierge service. The VIP concierge service is likely the benefit that will be overlooked the most. The concierge benefit will allow you to get the most benefit from the Gold Card.
Here are the top benefits of the Gold Card from Luxury Card:
$200 Annually in Airline Statement Credits
This is the perfect benefit for frequent flyers. Whenever you use your Gold Card for airline incidentals like checked bags, preferred seat assignments, in-flight purchases, or upgrades, you’ll automatically receive a statement credit. The $200 airfare statement credit can also be applied to airfare, something similar cards do not offer. Each year, you’ll receive up to $200 in statement credits towards incidentals with airlines.
TSA PreCheck and Global Entry Application Fee Statement Credit
The Gold Card from Luxury Card offers cardholders up to $100 towards the application fee associated with TSA PreCheck and Global Entry. With Global Entry, enjoy expedited arrival into the United States from international destinations. Global Entry members are eligible to participate in TSA Pre✓®, an expedited domestic security screening at participating airports in the United States.
Luxury Card members receive a one hundred dollar ($100) automatic statement credit for the cost of the Global Entry application fee.
I highly recommend that travelers with a passport apply for Global Entry. Global Entry comes bundles with TSA PreCheck. Plus, whenever you travel internationally, you’ll be able to use Global Entry upon arrival in the United States.
Airport Lounge Access with Priority Pass Select
There’s no better way to pass time during a layover than at an airport lounge. The Gold Card from Luxury Card comes with Priority Pass Select, the highest-tier offered by Priority Pass. Priority Pass Select allows cardholders to access over 1200 lounges at airports across the globe. While other cards feature this benefit, it’s important to note that unlike cards issued by American Express, this card will continue to allow cardholders to access restaurants and retailers that partner with Priority Pass.
Additionally, the Gold Card’s Priority Pass Select benefit allows cardholders to bring an unlimited number of guests into lounges and clubs. That’s right an unlimited number of guests. Luxury Card is the only card-issuer that offers an unlimited guest policy.
As for my favorite Priority Pass lounges, I highly recommend that travelers check out the VIP Lounge at Punta Cana International Airport. The VIP Lounge at Punta Cana Airport features an outdoor swimming pool overlooking the ramp and one of the airport’s runways. I’m also a big fan of the Plaza Premium Lounges found at London-Heathrow Airport and the Minute Suites which are found at select airports throughout the US.
Luxury Card Travel
The Gold Card is hardly just a travel card, still, it’s one of the top travel cards in the industry. Each year, Luxury Card issues a massive book—Luxury Card Hotel & Travel—for cardholders to put that 2% airfare and $200 travel credit to good use.
The Luxury Card Hotel & Travel book features over 400 pages dedicated to the Luxury Card Travel program. The Luxury Card Travel program offers 3,000 properties in over 1,000 destinations around the world. At these properties, cardholders receive an average value of $500 per stay.
For example, let’s say you’ve booked a stay at the Fairmont Banff Springs Hotel using the Luxury Card Travel program. Here’s a list of benefits, perks, and savings you’ll receive during your stay:
- Room Upgrade Upon Arrival (when available)
- Dine at the hotel’s 1888 Chop House and enjoy a private tour of its wine cellar
- Free Breakfast for two at $35 a day per person
- $100 spa credit per stay
- Discounts at the hotel’s golf course
That’s just one example of how to take advantage of the amazing Luxury Card Travel program.
Mastercard Gold Card from Luxury Card Additional Benefits
|Lyft Credits||Receive $10 in Lyft
credits every month when you take 5 rides and pay with your card.
|Postmates||Receive $5 off all orders of $25 or more when you use your card with no limits.|
|Fandango||Join Fandango VIP for free and earn 250 points per ticket when you use your card. This means that you'll earn a $5 reward for every 2 tickets purchased with your card.|
|ShopRunner||Free 2-day shipping from hundreds of stores with ShopRunner.|
|Onefinestay||Cardholders receive a 10% discount on all Onefinestay bookings. You will also receive free Wifi and a complimentary iPhone, with free local calls and data, to use during your stay.|
|Boxed||Create a Boxed account and use your Luxury Card to earn 5% cash rewards on eligible Boxed orders for use on future purchases.|
|Car Rental Collision Waiver||Use your Luxury Card for the cost of the car rental and receive coverage for damages in the event of collision or theft.|
|Global Acceptance||Luxury Card is accepted at 8 million domestic retailers and is part of an operating network in more than 210 countries and territories.|
|Mastercard ID Theft Protection||24/7 assistance with replacement card and notification to the credit bureau should you become the victim of identity theft.|
24/7 Luxury Card Concierge
This benefit should not be overlooked. While many premium cards offer a concierge benefit, the concierge service offered by the Gold Card from Luxury Card stands out.
Cardholders can access the Luxury Card Concierge team 24 hours a day 7 days a week. The Luxury Card Concierge can be reached over the phone, via email, or through the Luxury Card app. The Luxury Card Concierge team can assist cardholders with typical requests like booking travel, restaurant reservations, and special event tickets. You can even have gifts sent to family, friends, or colleagues on special occasions.
However, the Luxury Card Concierge benefit also offers cardholders a plethora of discounts and access to exclusive events. Cardholders can save quite a bit on travel and unique experiences with the Luxury Card concierge benefit. For a list of available benefits, perks, and exclusive events, simply bring up the mobile app.
Here are just a few examples of how Gold Card card holders have used the Luxury Card Concierge service:
Retrieve a Lost Item: A cardmember realized that they had forgotten valuable jewelry at their hotel. The concierge team was able to have someone retrieve the misplaced jewelry and have it returned to the cardmember.
Pain-Relief: A concierge agent delivered Tylenol to the doorstop of a mother caring for her sick child. The mother hard to look after her child and couldn’t leave her house to pick up them medicine herself. Thankfully, the concierge team was able to help her while she cared for her child.
Neighborhood Guide: When a cardmember was relocating to a new city, the Luxury Card Concierge team helped the cardmember research the best schools in the area and narrow down his home search.
Personal Wingman: A cardmember wanted to use a jumbotron in Times Square to propose to his girlfriend. The card member contacted the Luxury Card Concierge and was able to make the proposal happen in a matter of hours. By the way, she said yes!
The Mastercard Gold Card from Luxury Card is not for everyone. With an annual fee of $995, this card truly is worthy of the title of a luxury card. The Gold Card is the perfect card for those who are looking for a long-term and comprehensive credit card. Even if you aren’t a big spender or enjoy yachting in the French Riveria, the Gold Card offers some solid travel benefits and perks.
The Gold Card comes with $200 annual airline statement credits, TSA PreCheck or Global Entry application fee credits, and a variety of trip and purchase protections. Additionally, cardholders will want to take advantage of the Luxury Card Concierge benefit to get the most out of the Gold Card.
There are very few premium cards made with actual gold that isn’t invite-only. The Gold Card from Luxury Card is one of the cards. The Gold Card from Luxury Card is a true gold card as it features 24k gold plating. (The card also weighs an astonishing 22 grams making it the heaviest metal card in the industry!) It’s the perfect card for a life of luxury and those who want to experience more. Additionally, if you can get past the steep annual fee, it’s a solid credit card for frequent flyers and travelers.
Disclaimer: Terms, conditions, and exclusions apply. For rates and additional information on the Mastercard Gold Card from Luxury Card, see the Mastercard Gold Card Luxury Card website.
(Featured image via Mastercard Gold Card from Luxury Card on Instagram)