Luxury Card™ Mastercard® Black Card™ Review

Luxury Card™ Mastercard® Black Card™ is a cashback credit card issued by Barclays Bank. If you're wondering whether Luxury Card™ Mastercard® Black Card™ is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Earn 1 point for every dollar spent on everyday purchases. Terms and conditions apply.
• 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.
• Competitive APRs. Luxury Card™ Mastercard® Black Card™ has a variable purchase APR of 14.99%
• 3% Balance transfer fee. Luxury Card™ Mastercard® Black Card™ charges a fee of up to 3% on balance transfers, if you transfer the balance within 45 days of opening the account. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $5.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you 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, Global Entry / TSA Precheck Fee Credit, 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 qualify.

Luxury Card™ Mastercard® Black Card™ Pros and Cons:

The Good

The Bad

Stainless Steel – Patented Black-PVD-Coated Metal Card. 2% value for airfare redemptions 1.5% value for cash back redemptions Complimentary Luxury Card Concierge lifestyle management service available 24/7 for global expertise and tailored recommendations by phone, via email, and through mobile chat. $100 Global entry application fee credit. $100 annual airline credit. Lower than average purchase APRs. 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 Precheck Fee Credit. Travel accident and travel assistance insurance. Trip cancellation insurance. No foreign transaction fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Luxury Card™ Mastercard® Black Card™ reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

Requires good to excellent credit. Charges an annual fee of $495 Does not offer a signup bonus. Charges a 3% balance transfer fee, if you transfer the balance within 45 days of opening the account.

Is there a Luxury Card™ Mastercard® Black Card™ cash back or rewards program?

Luxury Card™ Mastercard® Black Card™ is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Luxury Card™ Mastercard® Black Card™ you receive 1.5% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash.

Luxury Card™ Mastercard® Black Card™ Rewards

Rewards rate (all purchases)	1.5%
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus Spend Requirement	$0

What are the Luxury Card™ Mastercard® Black Card™ benefits?

Luxury Card™ Mastercard® Black Card™ 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
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Luxury Card™ Mastercard® Black Card™?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Luxury Card™ Mastercard® Black Card™ has lower than average purchase APRs.

Luxury Card™ Mastercard® Black Card™ has a variable purchase APR of 14.99%. The card has a variable balance transfer APR of 14.99% . It also has a variable cash advance APR of 25.24% .

What are the fees for Luxury Card™ Mastercard® Black Card™?

The following fees apply to Luxury Card™ Mastercard® Black Card™:

Luxury Card™ Mastercard® Black Card™ Fees

Fees	Amount
Annual Fee	$495
Foreign Transaction Fee	0%
Returned Payment Fee	up to $37
Late Payment Fee	up to $37

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

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 can help improve your credit score.

How to apply for Luxury Card™ Mastercard® Black Card™

• Visit the Luxury Card™ Mastercard® 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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.