Mastercard Gold Card review: Beware of fool's gold
Mastercard® Gold Card™ overview
The Mastercard® Gold Card™ is a unique credit card made with 24-karat gold that aims to compete with other premium cards. Cardmembers receive standard premium perks like an airline credit and Priority Pass access. Still, the card offers no standout perks that would easily justify its astronomical $995 annual fee — the highest among its competitors. Card rating*: ⭐⭐
*Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
From the same issuer who brought us the Mastercard® Black Card™, there's an even more expensive metal card made with 24-karat gold. Capitalizing on the metal card trend, the Mastercard Gold Card seeks to wow cardmembers, but do the card's benefits justify paying nearly $1,000 a year for the annual fee?
The Mastercard Gold Card requires a credit score of at least 740 and offers very few benefits for a steep $995 annual fee.
Today, we will explore the Mastercard Gold Card in depth to see what you get for this high annual fee, how it compares to other premium cards and if this card should have a place in your wallet.
The information for the Mastercard Gold and Mastercard Black has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Related: Why you may not want a metal credit card
Mastercard Gold Card pros and cons
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Mastercard Gold Card welcome offer
The Mastercard Gold Card disappoints right away by not offering a welcome bonus to new cardmembers.
This is just the start of the drawbacks of this card, as consumers looking to open a new credit card often look at high welcome bonus offers to help them jump-start their rewards, especially when it comes to premium cards geared toward travel.
In the past, the Mastercard Gold Card offered a welcome bonus of 50,000 points. Since these points are worth 2 cents each, this bonus would be worth $1,000. Even if you could get this bonus, its value is lackluster compared to what cardmembers receive from the welcome bonus on other premium cards.
Related: The best welcome offers this month
Mastercard Gold Card benefits
The Mastercard Gold Card provides a few benefits that can help cardmembers but do not come near recouping the ridiculous annual fee.
The card's most valuable benefit is an annual $200 air travel credit. This flexible credit can be used toward airline tickets, bag fees, upgrades and other incidentals charged by the airline. A perk of this benefit is that you don't need to select an airline from a list of eligible carriers, a restriction that can be frustrating for those using a similar benefit on The Platinum Card® from American Express.
Typical of premium travel credit cards, the Gold Card also provides up to $120 in credit for a Global Entry or TSA Precheck application fee. It also includes a Priority Pass Select membership, giving cardholders access to over 1,500 lounges worldwide.
With the card, you'll also get various travel protections, including trip cancellation and interruption insurance. Cardholders also receive some benefits unique to Mastercard, such as invitation-only experiences to Priceless Golf and various subscription discounts.
Given the card's $995 annual fee, this benefits list is remarkably underwhelming. You'll get similar travel protections but far more valuable credits and comprehensive airport lounge access by choosing the Amex Platinum with its $895 annual fee (see rates and fees), the Chase Sapphire Reserve® with its $795 annual fee (see rates and fees) or the Capital One Venture X Rewards Credit Card with its $395 annual fee instead — and save at least $100 in annual fees each year.
Related: Are premium credit cards worth the annual fee?
Earning rewards on the Mastercard Gold Card
Despite being marketed as a premium product, the Mastercard Gold Card barely meets the standard for earning rates on the most basic cash-back rewards card. Cardmembers earn just 1 point per dollar spent, with no bonus categories on purchases.
The only somewhat redeeming factor in these rates is that each point is worth 2 cents each, giving you a 2% return on all purchases.
If you like the idea of a 2% return on all your purchases:1% when you buy and 1% when you pay, you could go with the Citi Double Cash® Card (see rates and fees) instead and earn cash back at the same rate for no annual fee.
But if you're considering getting this card for its premium travel perks, you'd be better off with one of our other favorite travel rewards cards, all of which earn bonus rewards on travel purchases.
Related: The best rewards credit cards for each bonus category
Redeeming rewards on the Mastercard Gold Card
Mastercard Gold Card rewards can be redeemed for cash back or airfare. You can redeem your points for airfare at a rate of 2 cents per point when you go to myluxurycard.com or call customer service to book.
If you want to redeem your points for cash back, you can get your cash either as a statement credit or deposited directly into a U.S. bank account. You'll get the same 2-cent-per-point rate with this redemption method.
The option to get 2 cents per point when redeeming for airfare may sound appealing, especially when looking at competitors such as the Chase Sapphire Reserve, which also offers up to 2 cents per point, depending on the specific redemption when booking through the Chase Ultimate Rewards Travel portal (see your rewards program agreement for full details).
However, the 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 to the Gold Card's measly 1 point per dollar on all purchase.
The uselessness of the Gold Card continues in the footsteps of its cheaper sibling, the Mastercard Black Card, by not offering the ability to transfer rewards to an airline or hotel partner. I'm a huge fan of finding redemption sweet spots to maximize my points and miles, so I can't imagine paying a premium annual fee for a card that doesn't give me this option.
Related: How and why to earn transferable points
Which cards compete with the Mastercard Gold Card?
The absurd annual fee and lack of proper benefits to match such a price make the Mastercard Gold Card easy to beat. Several cards offer a lower annual fee and so many benefits that you recoup it.
- If you want a card that's gold: The American Express® Gold Card is a metal card that comes in your choice of gold or rose gold but with a much lower annual fee of $325 (see rates and fees). The card comes with several annual credits and offers an impressive 4 points per dollar at restaurants worldwide (on up to $50,000 in purchases per calendar year, then 1 point per dollar) and on groceries at U.S. supermarkets (up to $25,000 annual spending limit per calendar year, then 1 point per dollar). Enrollment is required for select benefits. For more information, read our full review of the American Express Gold Card.
- If you want an airline credit: The Platinum Card from American Express offers 5 points per dollar spent for airfare booked directly with an airline or through American Express Travel® (on up to $500,000 on these purchases per calendar year, then 1 point per dollar) and 1 point per dollar on all other purchases. The card also comes with an assortment of various statement credits annually, including an airline fee statement credit of up to $200 (enrollment required) and carries a $895 annual fee. For more information, read our full review of the Amex Platinum.
- If you want better earning rates: 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. It also comes with a $300 travel credit and access to Priority Pass and Chase lounges for a $795 annual fee. For more information, read our full review of the Sapphire Reserve.
For additional options, see our full list of the best travel credit cards.
Related: A side-by-side comparison of the best premium credit cards
Is the Mastercard Gold Card worth it?
The Mastercard Gold Card is even less worth it than its sibling, the Black Card. The lack of a welcome bonus, embarrassingly low earning rates and lackluster benefits should be enough to keep you away from this card and avoid a useless hard inquiry on your credit report. Unless the Gold Card receives a massive overhaul to become a proper credit card, I wouldn't recommend this card to anyone.
Bottom line
If you're looking for a metal credit card to make a statement every time you make a purchase, there are plenty of better options available — with lower annual fees, valuable benefits and more redemption options. While this shiny card may seem appealing on the surface, avoid it at all costs (and especially this one). Do yourself a favor and put that $995 toward a vacation or, at the very least, purchase actual gold instead.
Related: The best metal credit cards
For rates and fees of the Amex Gold Card, click here.
For rates and fees of the Amex Platinum card, click here.
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| 3X | Earn 3X Miles on Delta purchases. |
| 1X | Earn 1X Miles on all other eligible purchases. |
Pros
- Delta SkyClub access when flying Delta
- Annual companion ticket for travel on Delta (upon renewal)
- Ability to earn MQDs through spending
- Various statement credits for eligible purchases
Cons
- Steep annual fee of $650
- Other Delta cobranded cards offer superior earning categories
- Earn 100,000 Bonus Miles after you spend $6,000 or more in purchases with your new Card within the first 6 months of Card Membership and an additional 25,000 bonus miles after you make an additional $3,000 in purchases on the Card within your first 6 months, starting from the date that your account is opened. Offer Ends 04/01/2026.
- Delta SkyMiles® Reserve American Express Card Members receive 15 Visits per Medallion® Year to the Delta Sky Club® when flying Delta and can unlock an unlimited number of Visits after spending $75,000 in purchases on your Card in a calendar year. Plus, you’ll receive four One-Time Guest Passes each Medallion Year so you can share the experience with family and friends when traveling Delta together.
- Enjoy complimentary access to The Centurion® Lounge in the U.S. and select international locations (as set forth on the Centurion Lounge Website), Sidecar by The Centurion® Lounge in the U.S. (see the Centurion Lounge Website for more information on Sidecar by The Centurion® Lounge availability), and Escape Lounges when flying on a Delta flight booked with the Delta SkyMiles® Reserve American Express Card. § To access Sidecar by The Centurion® Lounge, Card Members must arrive within 90 minutes of their departing flight (including layovers). To access The Centurion® Lounge, Card Members must arrive within 3 hours of their departing flight. Effective July 8, 2026, during a layover, Card Members must arrive within 5 hours of the connecting flight.
- Receive $2,500 Medallion® Qualification Dollars with MQD Headstart each Medallion Qualification Year and earn $1 MQD for each $10 in purchases on your Delta SkyMiles® Reserve American Express Card with MQD Boost to get closer to Status next Medallion Year.
- Enjoy a Companion Certificate on a Delta First, Delta Comfort, or Delta Main round-trip flight to select destinations each year after renewal of your Card. The Companion Certificate requires payment of government-imposed taxes and fees of between $22 and $250 (for itineraries with up to four flight segments). Baggage charges and other restrictions apply. Delta Basic experiences are not eligible for this benefit.
- $240 Resy Credit: When you use your Delta SkyMiles® Reserve American Express Card for eligible purchases with U.S. Resy restaurants, you can earn up to $20 each month in statement credits. Enrollment required.
- $120 Rideshare Credit: Earn up to $10 back in statement credits each month after you use your Delta SkyMiles® Reserve American Express Card to pay for U.S. rideshare purchases with select providers. Enrollment required.
- Delta SkyMiles® Reserve American Express Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
- With your Delta SkyMiles® Reserve American Express Card, receive upgrade priority over others with the same Medallion tier, product and fare experience purchased, and Million Miler milestone when you fly with Delta.
- Earn 3X Miles on Delta purchases and earn 1X Miles on all other eligible purchases.
- No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
- $650 Annual Fee.
- Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
- Terms Apply.
- See Rates & Fees