Sometimes, having a good, efficient rewards credit card isn’t enough. Sometimes, that card has to look good too – hefty, imposing and impressive in your hand. Titanium cards are perfect for this, making you feel like a king while you make your purchases. The Barclay Mastercard Titanium Card is one such card, with a metal design that impresses as much as it saves.
Primarily a travel reward card, the Barclays Mastercard Titanium card has a points-based rewards program that mostly focuses on airfare. While you get 1% redemption on all other purchases, airfare redemptions get a 2% rewards rate. It’s not the most robust points program in the world, but it’s a decent way to subsidize your travel expenses.
However, the cost of maintaining the card can be fairly high, with a $195 annual fee and 16.49% variable APR. There’s no introductory APR period for purchases, with only a month and a half 0% introductory APR period on balance transfers.
That being said, in addition to your points rewards, this card also provides you with a travel assistance service called 24/7 Luxury Card Concierge, which might prove useful for frequent travelers.
Mastercard Titanium Card Review: Our Overall Rating
Our mixed Mastercard Titanium review really comes down to one thing: the annual fee. In an age where you can get robust, features-heavy rewards credit cards for no annual fee – even ones focused on high-end travel – it’s really difficult to justify the $195 annual fee asked of this card.
Even the rewards rates aren’t that great; it’s a 1-for-1 point reward system, which you can only maximize if you use your rewards to get airfare. Considering the high annual fee you pay, that’s not a great rate of return; you can easily find cards with better rewards redemption rates out there without such a huge investment.
If you’re a high roller with a lot of money to spend on travel, and you want to get luxury travel benefits like those included here, you’re likely also able to get any of the high-end luxury travel cards that have a higher annual fee, but provide much more in rewards than the Mastercard Titanium Card.
Even as a balance transfer card, this card is lacking because its introductory balance-transfer APR is so low. It’s rather confusing to only charge 0% interest on a transferred balance for 45 days, unless the cardholder is planning on paying it off right away. But if you’re capable of doing that, it’s best to just do that without having to transfer it elsewhere.
There are a few other perks that set it apart somewhat from other cards of its type – there are no foreign transaction fees, and the variable APR is actually a bit lower than you’d expect. However, there are better luxury rewards cards out there, even ones with shiny stainless steel fronts to them. It’s a card that skates by on looks, but is a lot pricier than it should be.
Mastercard Titanium Card: Where it Wins
A beautiful, sleek card design. The brushed stainless steel front and carbon back of the the card is a sight to behold, to be sure. It’s got a nice heaviness that feels good in your hand, and it feels like a sturdy card that elevates itself above the normal plastic most of us usually carry around.
Luxury travel amenities. In addition to the double points for airfare redemption, this credit card also features a number of travel amenities, including the 24/7 Luxury card concierge service, airport meet and greet, luggage delivery service, car rental services and more.
Mastercard Titanium Card Rewards & Benefits
Stainless steel card design. Let’s face it; at least part of the reason you’ll want this card is to show off the heavy, lovely brushed stainless steel design. It’s one of the most gorgeous, unique cards you’ll come across, and really elevates your spending experience.
Double points rewards for airfare. The cash back rewards program gives you double value for rewards redemption if you use it to book flights through their website (myluxurycard.com). This is a good value for those who want to use this card primarily for travel.
1% points rewards for all other purchases. However, you can also just use your accumulated points (1 per dollar) to get a statement credit, or redeem for merchandise, gift cards, car rentals and more.
Luxury Card Travel Benefits. Travelers get a lot of little perks that go a long way with the Titanium. You can get trip delay insurance, baggage delay insurance, a 24/7 concierge service, price protection, VIP hotel and travel benefits, luxury gifts and more. You even get a subscription to LUXURY magazine, if you’re into reading its paper version.
Mastercard Titanium Card Costs & Fees
$195 annual fee. This is an extremely high annual fee compared to most cards – you’re likely to find other cards with bigger rewards for a lower (or possibly no) annual fee. Unless you travel enough to make the double redemption rewards and luxury travel benefits worth it, this annual fee is a bit of a red flag.
0% introductory APR on balance transfers for first 45 days. If you’re planning on using this card as a balance transfer card, at least you can transfer your balances to this card and not pay interest on it for a month and a half. However, that wears off quickly, and you’re stuck with an existing balance and no other intro APR.
16.49% variable APR. With no introductory APR on purchases, you’re immediately given this mid-range variable APR. It’s not the highest in the bunch, but the lack of an introductory APR period for purchases is more than a little annoying.
Who is the Mastercard Titanium Card best for?
The Titanium is good for heavy travelers who want to feel like they’re getting the red carpet treatment wherever they go. The slick, heavy credit card looks professional when using it for purchases, and you’ll be thankful for the 24/7 concierge service and the myriad insurance policies and price protection perks the card has to offer.
That being said, it’s really only worth it to invest in this card if you can handle the annual fee. Paying $195 a year for anything is a big ask, so the Titanium card is really best suited for people who have the money to afford such a high annual fee and think they can get enough rewards out of the card to justify that investment.
How to Apply for the Mastercard Titanium Card
If you want to apply, all you have to do is head to their application portal and fill out a handy series of forms. First of all, unlike many application portals, all the forms are on one page, so you can see everything you need to know before you start the form – that’s a nice detail that helps the process go a bit more smoothly.
From there, it’s simple – just fil in your general information (full name, address, how long you’ve been at that address, residential status), employment and financial information (occupation, total annual income, and whatever bank accounts you currently have) and contact information (phone number and email address.)
Then, you enter your date of birth, social security number, and mother’s maiden name (for security purposes). You can also declare whether you want to receive paperless statements, and sign off on the e-disclosure agreement. Then, just agree to that hefty $195 annual fee, and click Apply – you should learn pretty quickly whether you’ve been approved.
Mastercard Titanium Card Alternatives
Chase Sapphire Preferred. If you don’t mind paying a large annual fee, the Chase Sapphire Preferred also asks $195 from you every year. However, you also get fantastic bonuses from it, including double points for airfare, hotels and restaurants and synergy with other Chase products using the Chase Ultimate Rewards program.
Platinum Card from American Express. If you really want to get the most out of your travel, you might squeeze out more rewards from the AmEx Platinum Card. You still get the sleek metal design, but this time you get five points per dollar on direct flight bookings. Also, you have the chance to earn a beautiful 60,000 point signup bonus.
US Bank Altitude Reserve Visa Infinite Credit Card. US Bank also has a high-end travel rewards card that’s nothing to scoff at. You get three times the points on travel purchases, and a 50,000 point signup bonus. However, its annual fee is even more exorbitant at $400, meaning it’s not for the faint of heart (or light of wallet).