Luxury Card™ Mastercard® Black Card™

Luxury Card™ Mastercard® Black Card™ Review

This is a rewards card issued by Barclays Bank. If you're wondering whether Luxury Black card is the right card for you, read on.

Key Takeaways

• Complimentary Luxury Card Concierge. Lifestyle management service available 24/7 for global expertise and tailored recommendations by phone, via email, and through mobile chat.
• LYFT Rewards. Enroll and take three eligible Lyft rides in a month using your Luxury Card and get a $5 Lyft credit.
• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 15 months, which is longer than the average 0% APR period of 12 months.
• DoorDash. Use your Luxury Card to sign up for DashPass as a new member to get three (3) complimentary months of membership. After the DashPass trial period ends, new members will automatically be charged the current monthly DashPass rate, plus any applicable fees. Cardmembers who sign up for DashPass with an eligible Luxury Card will also receive a $5 discount each month until September 30, 2023. See full DashPass terms and conditions at www.doordash.com/terms.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 19.49%
• 3% Balance transfer fee. Luxury Card™ Mastercard® Black Card™ charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Airport Lounge Access. Benefits like airport lounge access can add luxury to your travel experience.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, airline credit, access to a concierge, emergency support, extended warranty protection on purchases, identity theft protection, price protection, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Very good credit required. Applicants will typically need a credit score of at least 740 to have good approval odds.

Pros & Cons of Luxury Black card

The Good

The Bad

$100 Global entry application fee credit. $100 annual airline credit. 2% value for airfare redemptions 1.5% value for cash back redemptions Enroll and take five eligible Lyft rides in a month using your Luxury Card and get a $10 Lyft credit. Keep riding to earn credit month after month. $100 Global entry application fee credit. $100 annual airline credit. 0% APR balance transfer intro rate on balance transfers for up to 15 months. Multiple credit card perks. Airline Credit. Offers auto rental collision damage waiver. Access to a concierge. Extended warranty and price protection on purchases. Global Entry/TSA Pre✓®. Identity Theft Protection. Travel accident and travel assistance insurance. Trip cancellation insurance. No foreign transaction fee. Cardholders can earn rewards on their purchases. Luxury Card™ Mastercard® Black Card™ reports to multiple credit bureaus.

Higher than average purchase APRs. You need good credit to qualify. Charges an annual fee of $495 Does not offer a signup bonus. Charges a 3% balance transfer fee. After the introductory period, the fee is 3% of the balance transferred or $5, whichever is greater.

Luxury Black card FAQ

Does Luxury Black card have a cash back or rewards program?

Luxury Black card is a travel rewards card.

Luxury Black card Rewards

Minimum rewards rate	1.5x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus Spend Requirement	$0

What are the Luxury Black card benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Zero fraud liability
• Price Protection
• Travel Accident Insurance
• No blackout dates when redeeming miles
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Luxury Black card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Luxury Card™ Mastercard® Black Card™ has a variable purchase APR of 19.49%. The card has a variable balance transfer APR of 19.49% . It also has a variable cash advance APR of 29.74% .

What are the fees for Luxury Black card?

The following fees apply:

Luxury Black card Fees

Fees	Amount
Annual Fee	$495
Foreign Transaction Fee	0%
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

Does Luxury Card™ Mastercard® Black Card™ report your account activity to credit bureaus?

Yes, Luxury Card™ Mastercard® Black Card™ reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion
• Innovis

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Luxury Black card

• Visit the Luxury Black card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.