Mastercard Titanium Card

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For a card that bills itself as a luxury card, the Titanium falls short.

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This metal card may look good when you plonk it down to pay the bill, but it’s vastly inferior to other rewards cards that offer more value for the price. And the price on the Mastercard Titanium Card is mighty steep.

For $195 a year, you’ll pay for a card that fails to deliver more than you can get with some rewards cards that charge no annual fee. There isn’t even a sign-up bonus, which is pretty much a given for a card trying to play in the luxury space.

Review

If a plain old plastic credit card isn’t good enough for you, you might be tempted by the Mastercard Titanium. Made of carbon and brushed stainless steel, it could be good for anyone who wants impress when it’s time to pay the bill.

The Titanium card is the most affordable option in the Luxury Card brand issued by Barclaycard. For a $195 annual fee, you’ll earn 1% cash back on every $1 spent. Travel redemptions are worth 2% per $1 spent when you use the Luxury Card travel portal.

You’ll also gain access to a luxury concierge who can help you avoid the drudgery of booking your own private yacht or jet.

The card comes with the enviable perk of 24-hour access to a dedicated concierge team that claims will fulfill any request — big or small. The service can reserve for you a chauffeured limousine, arrange for global luggage delivery, or take care of booking your travel plans.

You’ll also receive free upgrades, services and amenities at participating cruise lines and hotels, as well as travel, luggage and auto rental protections. And, it’s got a decent introductory balance transfer offer of 0% interest for the first 15 billing cycles if you shift your debt to this card within 45 days of opening the account.

But for a card that bills itself as a luxury card, the Titanium falls short of other premium cards that offer more bang for the buck, and at a better price, too. There are plenty of cards out there that, for less than the Titanium’s $195 price tag, will pile on the perks and give greater rewards.

If have your heart set on getting a fancy card, go for the $495 Black Card or the $995 Gold Card — each with increasingly upscale perks and benefits.

Who should get this card

If you aspire to own a Black or Gold-branded Mastercard, but don’t want to pay the price, this card might give you enough to keep you happy. But it really shouldn’t.

Advantages
  • Points double in value when redeemed for airfare through the MyLuxuryCard.com travel portal. So, you can redeem 50,000 points for a $1,000 airline ticket.
  • Get a subscription to the quarterly Luxury Magazine, exclusively for Mastercard Luxury cardholders.
  • There are no foreign transaction fees.
Disadvantages
  • Other rewards cards offer increased opportunities to earn points. At one point per $1 spent, the rewards are low for a card that has a high annual fee attached.
  • This card doesn’t give airport lounge access, a perk that comes with many other premium cards.
  • There’s no introductory purchase APR offer or sign-up bonus with this card.
  • Most of the perks offered with this card can be found on other cards with lower or no annual fees.

Fees and APR

  • This card charges a $195 annual fee.
  • There’s a 0% APR offer for 15 billing cycles on balance transfers made within the first 45 days of opening the account. After that it’s a variable 15.99% APR.
  • The purchase APR on this card is a variable 15.99%.

Extras, perks and using rewards

This card offers benefits like upgrades or a food-and-beverage credit at participating hotels, resorts and cruise lines. You can also have the Luxury Card concierge handle your requests, although an additional fee will apply and will vary based on the task.

Cardholders may also bid on Mastercard’s Priceless events, which are unique once-in-a-lifetime experiences such as cooking classes with a Michelin-starred chef or VIP concert access.

To redeem points for airfare, hotel or car rentals, log in to your account at luxurycard.com or by calling the customer service number on your card.

Points are redeemed at a 2% percent rate for airfare and a 1% rate for hotels and car rentals. Travel redemptions can be made with a combination of points and purchase via credit card. There is no fee to use your points, but there is a $35 charge to make any changes to your reservation.

How this card compares

Chase Sapphire Preferred® Card
Card Details
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Credit Needed Excellent
Regular APR 16.99% - 23.99% Variable
Annual Fee Introductory Annual Fee of $0 the first year, then $95
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

The Chase Sapphire Preferred Card comes with a hefty sign-up bonus, boosted redemption value when using the Chase site and a generous rewards program, which makes this card a stand-out among travel rewards cards. Since Chase Ultimate Rewards points can be used for everything from flights to lodging to cruises, this also makes it one of the most flexible redemption programs among travel cards.

 

 

Citi® Double Cash Card
Card Details
  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.49% - 24.49% based on your creditworthiness
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • No categories to track, no caps on cash back, no annual fee*
Credit Needed Excellent
Regular APR 14.49% - 24.49%* (Variable)
Annual Fee $0*
Purchase Intro APR N/A
Balance Transfers Intro APR 0% for 18 months*

When it comes to rewards value, the Citi Double Cash Card ranks among the very best cash-back credit cards that charge no annual fee.

So why, you might ask, does this card not receive a higher score from Bankrate? There are a couple reasons, but the main thing dragging this card down is this: Because Citi Double Cash offers no sign-up bonus, it struggles to compete with many cards in this category.

Longer-term, the Citi Double Cash Card may earn you more rewards. Earn an unlimited 1% cash back when you make a purchase and another 1% back when you pay for those purchases.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.