Mastercard® Gold Card™ Review

Mastercard® Gold Card™ is a cashback credit card issued by Black Card LLC. 

This card is for people with very good credit. You need a credit score of at least 740 to apply. If you're wondering whether Mastercard® Gold Card™ is the right card for you, read on. This is everything you need to know to make a good choice.

Pros & Cons of Mastercard® Gold Card™

The Good

The Bad

Has an introductory APR rate on balance transfers of 0%. Multiple credit card perks. Cardholders can earn rewards on their purchases. Offers auto rental collision damage waiver. Access to a concierge. Includes 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. No foreign transaction fee. Earn rewards on every purchase. Mastercard® Gold Card™ reports to multiple credit bureaus. 2% value for airfare redemptions. 2% value for cash back Redemptions. 24K-Gold-Plated – Patented Card Design 24/7 Luxury Card Concierge - Available by phone, email, and mobile chat. $100 Global Entry or TSA Precheck Credit. $200 annual airline credit.

Charges an annual fee of $995. Does not offer a signup bonus.

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

Mastercard® Gold Card™ is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Mastercard® Gold Card™ you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash.

Mastercard® Gold Card™ Rewards

Rewards rate (all purchases)	1%
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus Spend Requirement	$0

What are the Mastercard® Gold Card™ benefits?

Mastercard® Gold 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 Mastercard® Gold 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.

Mastercard® Gold Card™ has a variable purchase APR starting at 16.49% . The card has a variable balance transfer APR starting at 16.49% . It also has a variable cash advance APR starting at 26.74% .

Mastercard® Gold Card™ Balance Transfers

Description
Balance Transfer APR	Starting at 16.49%
Introductory Rate	0%
Intro APR period (months)	15

Mastercard® Gold Card™ Rates & Terms

Description
Balance Computation	daily balance
Purchase APR	Starting at 16.49%
Credit Limit	N/A
Penalty APR	N/A
Cash Advance APR	Starting at 26.74%
Security Deposit	N/A
Introductory Rate	N/A
Intro APR period (months)	N/A

What are the Mastercard® Gold Card™ fees?

The following fees apply to Mastercard® Gold Card™:

Mastercard® Gold Card™ Fees

Fees	Amount
Annual Fee	$995
Foreign Transaction Fee	0%
Balance Transfer Fee	3%
Minimum Balance Transfer Fee	$5
Returned Payment Fee	up to $37
Late Payment Fee	up to $37

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

Mastercard® Gold Card™ reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

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 Mastercard® Gold Card™

• Visit the Mastercard® Gold 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.