Currently, there are plenty of premium credit cards available, along with choices that come with high annual fees. However, credit card rewards such as the Chase Sapphire Reserve and American Express’ Platinum Card tend to give a lot of benefits in return for the monetary commitment. Not only can you win lucrative bonuses and a big welcome bonus, but you also get exposure to advantages such as annual travel points and airport lounge access all of which can add hundreds of dollars to the equation. Black Credit Card is one of the most popular credit cards. There are many black cards on the market. Check Mastercard Black Card – Features, Pros, and Cons below.
What is a MasterCard Black Card?
The Mastercard Black card is an advantage-heavy credit card that brings a significant annual fee of three figures.
Although it provides a few of the highest levels of reimbursement for the benefits the card receives, the rewards per dollar spent are small, and similar incentives can be found on other cards with lower annual fees.
The Mastercard Black card is designed for daily travelers with outstanding credit who want the uniqueness of getting one of the smoothest-looking stainless steel credit cards and the quality advantages offered by the card. The points earned and redeeming rates give little economic benefit compared with no annual fee credit cards. Fortunately, the travel advantages provided by the black card are comprehensive.
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Main Features Of The Mastercard Black Card:
Access to the airport lounge: Get access to more than 1,200 airport lounges with Priority Pass Select for free.
Annual $100 Airline Credit:
Baggage delay insurance: Reimburse yourself for the replacement of essential personal or business items if your baggage is delayed on a common carrier flight that you purchased with your card.
Global Entry Fee Reimbursement
Travel benefits: average travel rewards and facilities value of $500 per stay that can include spa points, free food and drinks, room upgrades, and welcome rewards.
Receive secondary compensation of up to $ 5,000 per trip and $10,000 per 12-month span for trips canceled or delayed due to a covered cause.
Trip delay coverage: Earn secondary coverage up to $ 300 per flight, and $600 every 12-month span for more than six hours of delayed trips.
Rewards will be reimbursed for rates over 1 Cent per point: points may be reimbursed at a value of 2 Cent per point for airfare. If you would rather have cash back, you can redeem points at a value of 1.5 cents per point for cashback. Such principles of salvation are among the highest in the industry.
Introductory 0 percent APR on Balance Transfers: If you move a balance for the first 15 billing cycles within the first 45 days after opening your account, the balance would qualify for an introductory 0 percent APR. Many cards sell just 12 months.
$100 Airline Credit: As a cardholder, you’ll get up to $ 100 in flight-related transactions per year. Includes airline tickets, luggage fees, and even upgrade fees.
Extensive Travel Benefits: The Mastercard Black card provides many valuable travel benefits including up to $100 credit to cover Global Entry application fees (accelerated arrival from international destinations to the United States) and TSA Pre Search, Priority Pass Pick, Luggage Delay Protection, Flight Delay Coverage, Flight Cancelation and Disruption Coverage. It also charges no overseas transaction fees.
No One-Time Offer: This card is sadly not offering a bonus — an odd absence. Competitors’ annual fee travel credit cards almost always come with one.
$495 Annual fee: Annual fees on premium travel credit cards are popular. That said, this card’s $495 annual fee is higher than some competing cards which offer comparative benefits.
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Receives Only 1 point per dollar spent: While the cost of each point won is above a penny per point, the rate of bonuses spent at 1 point per dollar is small. The card provides no reward categories to gain extra points much like other premium travel cards.
The Mastercard Black Card is a sleek, stainless steel card that offers strong, high-end benefits. Although it comes at an annual cost of $495, the benefits, including multiple credits, can diminish the blast.
The rewards for a premium card are very small, with a notable shortage of point transfer partners. There’s no signup bonus either, that you always see on these travel cards.
The Black Card isn’t really holding up to the pressure in the world of elite travel cards. Many cards in the same price range offer bigger points and more enticing rewards such as hotel memberships and their own top-tier bonus packages.
Smriti Jain is the owner and senior content publisher at Financesmarti. Financesmarti is a website where she shares a lot of useful stuff for the people and business of India. This includes small business ideas and other banking information, as well. Smriti completed her education in science & technology from Delhi University. Smriti usually has interests in digital marketing now, and she has chosen this career for the full-time opportunity. The primary purpose of starting this blog to provide quality information on the banking industry to the people.