Mastercard Black Card review: A premium card lacking a wow factor
Editor's Note
Mastercard Black Card overview
The Mastercard® Black Card™ is a premium card with decent benefits to elevate your travels. Perks include a $100 annual airline credit, reimbursement for your Global Entry or TSA PreCheck application fee and a Priority Pass Select membership. The card earns 1 point per dollar on all transactions, and points can be redeemed as 1.5% for cash back or 2% for airfare redemption with no blackout dates. Card rating*: ⭐⭐½
*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
The Mastercard Black Card is made from metal, following the trend of well-known cards such as the Chase Sapphire Reserve® (see rates and fees) and The Platinum Card® from American Express. As such, it allures people to join the ranks of metal cardholders.
Despite being similar in material to premium credit cards by playing on the nomenclature of Amex’s Black (Centurion) Card, the Mastercard Black Card doesn’t offer as many benefits. It comes with a steep annual fee of $495. As a premium card, it has a recommended credit score of 740 or higher.
Let’s examine the Mastercard Black Card in depth to compare it to other premium cards and decide whether it deserves a place in your wallet.
The information for the Mastercard Black and Centurion Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Mastercard Black Card pros and cons
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Mastercard Black Card welcome offer
Despite calling itself a premium credit card, the Mastercard Black Card doesn't have a welcome offer.
This can be a huge detractor to many considering the high welcome offers of many cards in the travel credit card sphere. It's much harder to find substantial value in opening this card without any kind of welcome bonus to earn.
Mastercard Black Card benefits
The Black Card offers several benefits that can help offset its annual fee while also providing cardholders with some conveniences for their travels.
In comparison to other premium cards, the benefits are few but still provide some value to frequent travelers.
Cardholders receive a flexible $100 air travel credit annually. Flight-related purchases include airline tickets, bag fees, upgrades and other incidentals charged directly by the airline.
A plus of this benefit is that you don’t need to select an airline to use it on, unlike the up to $200 airline statement credit available each calendar year with the Amex Platinum. Enrollment is required; terms apply.
The card also offers up to $120 as a statement credit for your Global Entry or TSA PreCheck application fee. As expected with a travel card, the Black Card has no foreign transaction fees.
It also comes with a Priority Pass Select membership, giving cardholders access to over 1,500 lounges worldwide. This is a very standard perk on premium travel cards, but it's a nice benefit if you don't have another card that grants access.
The card provides travel and purchase protections, including:
- Trip cancellation and interruption insurance: Receive secondary coverage for a covered round-trip purchase when you use the card. You can be reimbursed for the cost of the nonrefundable round-trip expenses up to $5,000 per person if an accidental, covered event causes you to cancel or interrupt your trip for a covered reason.
- Travel assistance: Receive travel, medical and legal assistance when you travel 50 miles or more from home.
- Baggage delay insurance: You can be reimbursed for covered items for up to $100 a day at a maximum of three qualifying days for delays of more than four hours from the time you arrive at your destination (arrival at your primary residence is excluded).
- Travel accident insurance: Receive up to $250,000 coverage for eligible common carrier accidental death and dismemberment when you charge your entire travel fare to your eligible card for a covered trip.
- Auto rental collision waiver: The card comes with secondary coverage for covered damages for a rental car when you pay for it using the card and decline the coverage offered by the rental agency.
The Black Card also comes with the following additional benefits:
- Cellphone protection: Supplemental coverage for damage or theft of your cellphone is up to $800 per claim and up to $1,000 per 12-month period. Cardholders are limited to two claims per 12-month period and a $50 deductible per claim.
- Lyft credit: Enroll and take three eligible rides in a month using the card to get a $5 Lyft credit (valid through Sept. 30).
- Shoprunner: Sign up for a complimentary ShopRunner membership with the Black Card to receive free two-day shipping and free return shipping on eligible purchases (valid through Sept. 30).
- Instacart: Enjoy two months of complimentary Instacart+ membership and $10 off your second order each month (valid through March 31).
- Peacock credit: Receive a monthly $3 Peacock streaming credit or a $5 Peacock Premium Plus streaming credit (valid through March 31).
While these benefits are nice, you can receive the same or similar benefits with another premium card, often with a welcome offer and extra perks thrown in on top of these.
Related: Should you get travel insurance if you have credit card protection?
Earning rewards on the Mastercard Black Card
Unfortunately, despite marketing itself as a premium card, the Black Card disappoints with its poor earning rate. Cardholders earn 1 point per dollar spent, with no bonus categories to boost your return.
With such poor earning rates, you’re better off spending on a no-annual-fee cash-back credit card such as the Chase Freedom Unlimited® (see rates and fees), which earns 1.5% cash back on nonbonus earning categories.
Earning rewards at such a low rate is another reason why this card is on the sidelines when compared to other premium credit cards.
Related: Best cash-back credit cards
Redeeming rewards on the Mastercard Black Card
Rewards can be redeemed through two ways: cash back or airfare. When redeeming for cash back, you'll get a value of 1.5 cents per point.
You can redeem points for 2 cents each toward airfare, putting it ahead of the competition. Compare this to Chase Sapphire Reserve cardholders, who can redeem points for up to 2 cents each, depending on the specific redemption, when booking through Chase Travel℠ (see your rewards program agreement for full details).
Of course, you can get significantly higher returns by transferring Chase Ultimate Rewards points to airline partners as opposed to redeeming them directly through a portal.
Not being able to transfer points to an airline partner is a negative data point for me, as I find far more value in doing so, especially when paired with transfer bonuses, sales or sweet spot redemptions.
I will say that one of the biggest highlights of this card is redeeming for flights at 2 cents apiece, but apart from that, the Black Card really misses the mark in the premium credit card market.
Which cards compete with the Mastercard Black Card?
It’s no secret that the Black Card isn’t winning the praises of credit cards and points and miles enthusiasts. If you receive a mailer to apply for this card, check out the following cards instead, which offer far more value and annual fees similar to the Black Card.
- If you want to earn more miles: The Capital One Venture X Rewards Credit Card is your best bet with an annual fee of $395. The card offers 10 miles per dollar spent on hotels and rental cars and 5 miles per dollar spent on flights and vacation rentals booked through Capital One Travel. Meanwhile, all other purchases earn 2 miles per dollar, and you’ll receive a $300 annual credit for travel booked through Capital One Travel. To learn more, read our full review of the Capital One Venture X Rewards Credit Card.
- If you spend a lot on food: The American Express® Gold Card offers 4 points per dollar spent on dining at restaurants worldwide (on the first $50,000 in purchases per calendar year; then 1 point per dollar) and on groceries at U.S. supermarkets (up to $25,000 annually, 1 point per dollar thereafter), as well as 3 points per dollar spent on airfare booked directly with an airline or through amextravel.com. Best of all, points earned can be transferred to 21 partners (18 airlines and three hotels). This card comes with an annual fee of $325 (see rates and fees). To learn more, read our full review of the American Express Gold Card.
- If you want a Chase card: The Chase Sapphire Reserve earns 8 points per dollar spent on purchases through Chase Travel℠, 4 points per dollar spent on flights and hotels booked direct and 3 points per dollar on dining purchases, a flexible $300 annual travel credit and airport lounge access. Despite having an annual fee of $795, cardholders receive more valuable benefits than those with the Black Card. To learn more, read our full review of the Chase Sapphire Reserve.
For additional options, check out our full list of the best premium credit cards.
Related: Are premium credit cards worth the annual fee?
Is the Mastercard Black Card worth it?
I don't recommend the Black Card to those looking to enter the world of premium credit cards. This card only makes sense to those who want a stylish metal credit card with simple travel-related benefits and a higher redemption rate than other premium cards. Otherwise, receiving a hard inquiry on your credit report for a card with basic benefits, a poor earning rate, limited redemption options and a high annual fee is not worth it.
Bottom line
Lackluster benefits just to have a black card made from metal that plays on the legacy of the Amex Centurion Card make this a card that should be avoided. A card marketing itself as a premium credit card with a high annual fee must have a better value proposition.
I do place value on the ability to redeem points for 2 cents apiece for airline purchases, but apart from that, the Black Card really misses the mark in the premium credit card market.
Apply here: The Black Card
Related: How to decide if a credit card’s annual fee is worth paying
For rates and fees of the Amex Gold Card, click here.
TPG featured card
Rewards
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.
Rewards Rate
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 3X | Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com. |
| 2X | Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Intro Offer
You may be eligible for as high as 100,000 Membership Rewards® Points after spending $6,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.As High As 100,000 points. Find Out Your Offer.Annual Fee
$325Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.Excellent to Good
Why We Chose It
There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)Pros
- 4 points per dollar spent on dining at restaurants worldwide and U.S. supermarkets (on the first $50,000 in purchases per calendar year; then 1 point per dollar spent thereafter and $25,000 in purchases per calendar year; then 1 point per dollar spent thereafter, respectively)
- 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
- Packed with credits foodies will enjoy
- Solid welcome bonus
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
- Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
- $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
- $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
- Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.