About MasterCard Titanium Card
Do you have a taste for the finer things? Do you appreciate exclusive benefits and rewards? Have you worked hard to achieve a great credit history?
As the entry-level model within their Luxury lineup, the MasterCard Titanium Card offers cardholders like you 1% cash back, 0% APR on balance transfers within 15 months, a patented stainless steel and carbon design, exclusive benefits, “industry-leading” rewards, and more.
Not only this, but as part of the MasterCard network, the Titanium Card is accepted at 8 million domestic retailers, as well as retailers in 210 countries and territories around the globe.
As you’re about to learn, the MasterCard Titanium Card does indeed offer well-heeled clients a unique set of features and benefits. But here’s what you want to know: Is the Titanium Card the best in its class, or are there other cards that outshine it? Even if it does outrank its peers, is it right for you?
Let’s begin by taking a deeper look into what you’ll get with MasterCard Titanium.
What Benefits Come with the MasterCard Titanium Card?
For every dollar you spend with your MasterCard Titanium, you’ll receive one point. Points never expire as long as your account remains “open, active, and in good standing.” Along with this, you’ll receive 1% cash back that can be redeemed for statement credits.
Points can also be redeemed for booking travel expenses like flights, hotels, car rentals, cruises, and vacation packages. In fact, you’ll receive double points when redeemed for airfare (50,000 points will get you a $1,000 ticket on any airline, with no blackout dates or restrictions).
In addition to travel, points can also be redeemed for merchandise like home items, and electronics; experiences like guided tours or tickets to a major sporting event; and more.
All MasterCard Luxury Cards (more about this in a moment), including Titanium, come with a 24/7 Concierge service that provides “an elite, dedicated group of consultants offering local and global knowledge [that] are ready to assist Cardmembers with any request.” This includes travel planning, gift buying, and tickets to sold-out events.
Finally, MasterCard Titanium comes with many of the same security and protection benefits as other credit cards, including:
- Zero fraud liability
- Price protection
- Purchase security
- ID theft resolution
- Baggage delay insurance
- Return protection
- Global assistance service
- Travel accident insurance
- Trip cancellation and interruption coverage
- Extended warranty protection
- Travel assistance service
- Auto rental collision waiver
How much will all these benefits cost you?
How Much Will You Pay to Own a MasterCard Titanium Card?
MasterCard Titanium comes with a $195 annual fee, along with a $95 fee for each additional card.
There isn’t an introductory APR with Titanium, so all purchases will be subject to a 15.24% APR as soon as the account is active. There is no penalty APR.
On the other hand, all balance transfers applied to your account within 45 days of opening will receive 0% APR for the first 15 billing cycles. After that, the APR goes up to the standard 15.24%. Cash advances come with a 25.49% APR.
Note: According to the Terms, the “purchase of money orders, travelers' checks, foreign currency, lottery tickets, gambling chips, wire transfers and other similar transactions are treated as cash advances.”
Balance transfer fees are either $5 or 3% of the amount of each transfer, whichever is greater. Cash advance fees come in at either $10 or 5% of the amount of each cash advance, whichever is greater. There are no foreign transaction fees.
Late payment and returned payment fees can go as high as $37, depending on the state in which you live.
Have questions about MasterCard Titanium’s APRs and fees? Customer support can be reached at 844-724-2500, option 1.
How do you go about getting a MasterCard Titanium Card in the first place?
What Are MasterCard Titanium’s Eligibility Requirements?
Although banks are required by law to post important information like APRs and fees in their Terms, they’re not required to post eligibility requirements. As such, there’s no way to know in advance exactly what they’re looking for in a Titanium Card applicant.
However, it goes without saying that these types of cards are rooted in exclusivity, so it’s a given that you’ll need a great credit score and (probably) a high income. Here’s how CreditCards.com puts it:
“… they are only offered to a small group of hand-picked customers. … Your credit rating needs to be stellar, and you should have a history of charging expensive purchases. A high income is also important, as most issuers require a potential cardholder to have a salary that's comfortably in the six figures. If you do not fit these criteria, don't bother completing the paperwork…”
Assuming you meet this criteria, why should you choose Titanium instead of one of the other cards in MasterCard’s Luxury lineup?
MasterCard’s Titanium vs. Black vs. Gold Luxury Cards
We already mentioned at the beginning that Titanium is the entry-level card among MasterCard’s Luxury Cards, but there are some fairly significant differences we felt were important to quickly outline here.
Perhaps Titanium’s biggest advantage among these cards is that it only comes with a $195 annual fee, whereas MasterCard Black comes with a $495 annual fee and Gold will cost you $995 per year. However, this lower fee also means you’ll receive far fewer “exclusive” benefits:
- Black and Gold get much more cash back (1.5% and 2%, respectively).
- Black and Gold cards also come with airline credits, luxury gifts, and VIP travel benefits, whereas Titanium is excluded from these coverages.
So, although you’ll pay more to maintain Black and Gold Card accounts, you’ll also get a whole lot more benefits. For more details, be sure to review MasterCard’s comparison page.
Which of these is right for you? We’ll come back around to this topic in the final section. Before we get there, let’s talk about what MasterCard Titanium customers are saying.
Are There Any MasterCard Titanium Customer Reviews?
Along with the rest of their Luxury Cards, MasterCard Titanium was recently released at the beginning of 2016, so there wasn’t a whole lot of online cardholder chatter at the time of our research.
However, many top-ranked industry sites have since picked up on these releases and provided their insight. And although many of the rewards offered by MasterCard’s Luxury Cards are handled through Barclays—essentially the industry standard for luxury—they don’t seem to have been well received.
For example, ThePointsGuy.com noted that, “While Luxury Card touts its “industry-leading rewards program,” it’s barely competitive with many cards that cost a fraction in annual fees.”
Also talking about the entire Luxury lineup, NerdWallet noted: “Valuable mostly for their cachet, the Barclaycard luxury cards’ ongoing rewards and perks are unlikely to outweigh their cost significantly enough to be worth it for the average spender. But if you’re a frequent flier, the VIP travel perks may be worth the annual fee.” Again, remember that none of these perks apply to the Titanium Card.
Wallaby Financial had a similar sentiment when writing: “None of these offerings justify the price tag on benefits alone … These benefits are subpar compared to other high-end cards … The Gold and Titanium cards are 2% cards at best and you can get that from a variety of no-fee cards …”
What about that exclusive Luxury Magazine? It can be accessed by anyone, at anytime, and on any device, here.
Is the MasterCard Titanium Card the Right Choice for You?
The HighYa team has reviewed some of the most popular credit cards today, and if we’ve learned anything, it’s that no single card will suit everyone’s needs. Even if you decide on the right card for you, it almost certainly won’t be perfect.
For example, if you’re mostly interested in travel rewards, you might have to settle for lower cash back. Or, if you’re looking for a card with 0% interest for the longest period of time, you might have to accept a higher APR than other cards once the introductory period ends.
To this extent though, in our opinion, there might be a lot of other credit cards out there that offer more bang-for-your-buck than MasterCard Titanium. This is especially so, since, considering your great credit score and ultra-high income, you could probably qualify for cards with lower annual fees and APRs, rewards that better match your lifestyle, higher cash back percentages, and more.
Did you open a MasterCard Titanium account? Overall, what are your thoughts? Tell us all about it by writing a review below!
More on Credit Cards:
- Good Credit Score and How to Get There: A Detailed Guide For Moving From Average to All-Star
- Making Sense of Your Credit Scores: Your Comprehensive Guide
2 out 2 people found this review helpful
I applied for and received a Luxury Card Titanium MasterCard earlier this year in the spring (end of March/ beginning of April). It was easy to reach the sign on bonus ($1000 spend within 3 months of account opening). What I like about this card: 1. Easy to log in and view account details 2. It's a flat 2% towards airfare (I travel, however, infrequently at about once a year or so). Airport lounges and global credits may not be worth it for me. 3. It's replacing several cards I had with variable 5% rotating categories that have 1% towards non-rotating categories. I no longer have to keep track of so many cards and which card to use based on which category. My life is simpler & easier and 2% is decent for not having to bother to check 5 different accounts all the time.
Bottom Line: Yes, I would recommend this to a friend