Mastercard Gold Card evaluation: Full particulars

Mastercard® Gold Card™ overview

The Mastercard® Gold Card™ is a singular bank card made with pure gold that goals to compete with different premium playing cards. Cardholders obtain commonplace premium perks like an airline credit score and Precedence Move entry. Nonetheless, the cardboard gives no standout perks that might simply justify its astronomical $995 annual payment — the best amongst its opponents. Card ranking*: ⭐⭐

*Card ranking is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

From the identical issuer who introduced us the Mastercard® Black Card™, there’s an much more costly metallic card made with pure gold. Capitalizing on the metallic card pattern, the Mastercard Gold Card seeks to wow cardholders, however do the cardboard’s advantages justify paying practically $1,000 a yr for the annual payment?

The Mastercard Gold Card requires a credit score rating of not less than 740 and gives only a few advantages for a steep $995 annual payment.

At the moment, we’ll discover the Mastercard Gold Card in depth to see what you get for this excessive annual payment, the way it compares to different premium playing cards and if this card ought to have a spot in your pockets.

Associated: Why chances are you’ll not need a metallic bank card

Gold Card professionals and cons

Execs Cons
  • $100 World Entry or TSA PreCheck software credit score
  • $200 annual airline credit score
  • Precedence Move Choose membership
  • Journey and buying protections
  • Poor incomes price
  • No switch companions
  • Excessive annual payment

 Gold Card welcome supply

The Gold Card disappoints immediately by not providing a welcome bonus to new cardholders.


That is simply the beginning of the drawbacks of this card, as customers trying to open a brand new bank card typically take a look at excessive welcome bonus gives to assist them jump-start their rewards, particularly in terms of premium playing cards geared towards journey.

Up to now, the Gold Card supplied a welcome bonus of fifty,000 factors. Since these factors are value 2 cents every, this bonus can be value $1,000. Even in the event you may get this bonus, its worth is lackluster in comparison with what cardholders obtain from the welcome bonus on different premium playing cards.

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Associated: One of the best welcome gives this month

Gold Card advantages

The Gold Card offers a couple of advantages that may assist cardholders however don’t come close to recouping the ridiculous annual payment.


The cardboard’s most precious profit is an annual $200 air journey credit score. This versatile credit score can be utilized towards airline tickets, bag charges, upgrades and different incidentals charged by the airline. A perk of this profit is that you simply needn’t choose an airline from an inventory of eligible carriers, a restriction that may be irritating for these utilizing an analogous profit on The Platinum Card® from American Specific.

Typical of premium journey bank cards, the Gold Card additionally offers as much as $100 in credit score for a World Entry or TSAPrecheck software payment. It additionally features a Precedence Move Choose membership, giving cardholders entry to over 1,400 lounges worldwide.

With the cardboard, you will additionally get varied journey protections, together with journey cancellation and interruption insurance coverage, and buy protections like cellphone protection. Cardholders additionally obtain some advantages distinctive to Mastercard, reminiscent of invitation-only experiences to Priceless Golf and varied subscription reductions.

Given the cardboard’s $995 annual payment, this advantages listing is remarkably underwhelming. You may get comparable journey protections however way more precious credit and complete airport lounge entry by selecting the Amex Platinum, Chase Sapphire Reserve® or Capital One Enterprise X Rewards Credit score Card as a substitute — and save not less than $300 in annual charges every year.

Associated: Are premium bank cards definitely worth the annual payment?

Incomes rewards on the Gold Card

Regardless of being marketed as a premium product, the Gold Card barely meets the usual for incomes charges on essentially the most fundamental cash-back rewards card. Cardholders earn simply 1 level per greenback spent, with no bonus classes on purchases.

The one considerably redeeming think about these charges is that every level is value 2 cents every, supplying you with a 2% return on all purchases.


If you happen to like the thought of a 2% return on all of your purchases:1% once you purchase and 1% once you pay, you could possibly go along with the Citi Double Money® Card (see charges and costs) as a substitute and earn money again on the identical price for no annual payment.

However in the event you’re contemplating getting this card for its premium journey perks, you would be higher off with considered one of our different favourite journey rewards playing cards, all of which earn bonus rewards on journey purchases.

Associated: One of the best rewards bank cards for every bonus class

Redeeming rewards on the Gold Card

Gold Card rewards might be redeemed for money again or airfare. You may redeem your factors for airfare at a price of two cents per level once you go to or name customer support to ebook.

If you wish to redeem your factors for money again, you will get your money both as an announcement credit score or deposited instantly right into a U.S. checking account. You may get the identical 2-cent-per-point price with this redemption methodology.


The choice to get 2 cents per level when redeeming for airfare could sound interesting, particularly when opponents such because the Chase Sapphire Reserve, which solely gives 1.5 cents per level when reserving via the Chase Final Rewards Journey portal.

Nonetheless, the Sapphire Reserve earns 3 factors per greenback on eating and journey purchases to the Gold Card’s measly 1 level per greenback. Even with the decrease redemption price, you’ll get a 4.5% return on these purchases when reserving via the Chase journey portal — over twice the worth of the Gold Card’s 2% return.

The uselessness of the Gold Card continues within the footsteps of its cheaper sibling, the Mastercard Black Card, by not providing the flexibility to switch rewards to an airline or lodge accomplice. I am an enormous fan of discovering redemption candy spots to maximise my factors and miles, so I can not think about paying a premium annual payment for a card that does not give me this selection.

Associated: How and why to earn transferable factors

Which playing cards compete with the Gold Card?

The absurd annual payment and lack of correct advantages to match such a worth make the Gold Card straightforward to beat. A number of playing cards supply a decrease annual payment and so many advantages that you simply recoup it.

  • In order for you a card that is gold: The American Specific® Gold Card is a metallic card that is available in your alternative of gold or rose gold however with a a lot decrease annual payment of $250 (see charges and costs). The cardboard comes with as much as $240 in annual credit and gives a formidable 4 factors per greenback at eating places worldwide (together with takeout and supply) and on groceries at U.S. supermarkets (as much as $25,000 annual spending restrict per calendar yr). For extra data, learn our full evaluation of the American Specific Gold Card.
  • In order for you an airline credit score: The Platinum Card from American Specific gives 5 factors per greenback for airfare booked instantly with an airline or via as much as $500,000 on these purchases per calendar yr) and 1 level per greenback on all different purchases. The cardboard additionally comes with as much as $1,500 in obtainable assertion credit yearly, together with an airline incidental credit score of as much as $200. For extra data, learn our full evaluation of the Amex Platinum. Enrollment is required for choose advantages.
  • In order for you higher incomes charges: The Chase Sapphire Reserve earns 3 factors per greenback on journey and eating purchases. It additionally comes with a $300 journey credit score and entry to Precedence Move and Chase lounges for a $550 annual payment. For extra data, learn our full evaluation of the Sapphire Reserve.

For added choices, see our full listing of the perfect journey bank cards.

Associated: A side-by-side comparability of the perfect premium bank cards

Is the Gold Card value it?

The Gold Card is even much less value it than its sibling, the Black Card. The shortage of a welcome bonus, embarrassingly low incomes charges and lackluster advantages needs to be sufficient to maintain you away from this card and keep away from a ineffective laborious inquiry in your credit score report. Until the Gold Card receives a large overhaul to grow to be a correct bank card, I would not suggest this card to anybody.

Backside line

If you happen to’re in search of a metallic bank card to make an announcement each time you make a purchase order, there are many higher choices obtainable — with decrease annual charges, precious advantages and extra redemption choices. Whereas this shiny card could appear interesting on the floor, keep away from it in any respect prices (and particularly this one). Do your self a favor and put that $995 towards a trip or, on the very least, buy precise gold as a substitute.

Associated: One of the best metallic bank cards

Apply right here: Mastercard Gold Card

For charges and costs of the Amex Gold Card, click on right here

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