Mastercard® Titanium Card™ Review

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Mastercard® Titanium Card™

Rates & Fees

REVIEW & APPLY

On Issuer's Site

Rewards Summary

Earn 1X - 2%

APR

20.74% – 28.74% Variable

Annual Fee

$195

Recommended Credit

740-850 (Excellent)

PROS
- No foreign transaction fees
- Good APR intro period
- Decent redemption rate for airfare rewards
- Premium benefits are more than worthwhile
CONS
- High annual fee
- Requires excellent credit to qualify
- Rewards
  - Earn one point for every dollar spent with a flat-rate redemption value of 1% for cash back and 2% for airfare.
  - No airline or seat restrictions and no blackout dates.
  - Simple point redemption without complex strategies.
- Perks & Benefits
  - 24/7 Luxury Card Concierge service available via phone, email, SMS, and app chat.
  - Exclusive Luxury Card Travel benefits with an average value of $500 per stay at over 3,000 properties.
  - Protection benefits include trip cancellation and interruption, auto rental collision waiver, travel accident, and baggage delay coverage.
  - Cell phone protection for eligible claims up to $1,000 annually.
- APRS, Fees, and Penalties
  - No foreign transaction fees.
  - Annual fee: $195 ($95 for each Authorized User).

WHY TRUST OUR REVIEWS

The MoneyGeek credit card review process entails assessing various factors across different providers. The steps followed in the process include gathering credit card details from the Consumer Finance Protection Bureau, generating standard data points and ideal spend profiles, checking the type of bonuses provided and continuously assessing each card’s data on a monthly basis.

When shopping around for the best card, you may be hesitant to make a choice given the wide array of options available. MoneyGeek researched the Mastercard® Titanium Card™ benefits to help you make the right decision. The card has $0 fraud liability protection, so you will only pay for authorized transactions. However, it’s important to note that you could pay high annual fees for it and may need to have good credit to get it.

Mastercard® Titanium Card™ Overview

One benefit of being a Mastercard® Titanium Card™ customer is that you will receive several rewards and bonuses.

Quick Take

2% rewards rate for airfare redemptions, with no seat restrictions or blackout dates
1% rewards rate for cash back redemptions
Standard reward rate of one point per dollar spent
Luxury perks included, such as a concierge service and coverage for baggage delays, trip cancellations and interruptions and rental car collisions

Important Card Details

Although this card has a 0% APR introductory fee and no foreign transaction fees, one of its drawbacks is the high annual fee. That makes it less favorable for individuals with average or low credit. Despite this drawback, the Mastercard® Titanium Card™ benefits most individuals looking for the best perks and rewards.

Annual Fees

Annual FeesMastercard® Titanium Card™ customers pay a $195 annual fee from the day they get the card and $95 for each authorized user. Unlike other cards, you will not get a waiver for the first year. However, the card has an array of benefits that may not be found in a single card, including those that do not charge an annual fee.

0% APR on Balance Transfer

The Mastercard® Titanium Card™ has an APR of 20.74% – 28.74% on purchases, which is high. However, cardholders receive a 0% APR on the first 45 days of account opening for balance transfers, then a variable APR of 20.74% – 28.74% after that.

Cash Advance Fees

With this card, you will pay a cash advance fee of at least $10 or 5% of the amount. That means if you get a cash advance of $500, you will pay $15. This is 3% of the amount instead of the $10.

Late Payment Fees

Luxury Card charges a late fee of up to $40 for the Mastercard® Titanium Card™.

Balance Transfer Fee

You will pay 3% of the amount transferred as fees for this card. For instance, if you transfer $100 from another card, you will be charged $3.

Additional Benefits

Aside from the rewards and benefits of the Mastercard® Titanium Card™, users also enjoy various other unique features.

Global customer service: If you lose your card, you can report to the Luxury Card customer service at any time and request for emergency replacement or a cash advance.
Travel assistance: For cardholders traveling at least 50 miles from home, Luxury Card’s travel assistance service offers medical assistance and referral services throughout the time of travel.
Fraud Liability Protection: Apart from identity theft protection, the card also offers $0 fraud liability protection. That means you will only pay for authorized transactions from your card and won’t be responsible if someone else makes unauthorized payments with it.

How the Mastercard® Titanium Card™ Compares To Other Cards

The Mastercard® Titanium Card™ is one of the few options that combine several benefits and rewards into one card. If you have exceptional credit, you can take advantage of the card’s travel perks to enjoy the best services. However, you can only earn good points with the card depending on how much you spend using it.

How the Mastercard® Titanium Card™ Compares

Mastercard® Titanium Card™

Annual fee: $195 ($95 for each Authorized User added to the account)
Purchase APR: 20.74% – 28.74% variable
Intro APR offer: 0% introductory APR on balance transfers for the first fifteen billing cycles, then a variable APR of 20.74% – 28.74% after that
Rewards: One point for every dollar
Foreign transaction fee: $0
Cash back rate: 3% on purchases
Mini Verdict: Good option for lower purchase APR and no international transaction rates

Capital One VentureOne Rewards

Annual fee: $0
Purchase APR: 19.99% – 29.99% variable
Intro APR offer: 0% intro on purchases and balance transfers for 15 months, then a variable APR of 19.99% – 29.99% after that
Rewards: 1.25 miles for every dollar
Foreign transaction fee: $0
Mini Verdict: Best for applicants looking for an option with no annual fee.

Frequently Asked Questions

What is the average credit score needed to get approved for the Mastercard® Titanium Card™?

Customers need to have good credit to qualify for the Mastercard® Titanium Card™.

Does the Mastercard® Titanium Card™ report to all three credit bureaus?

All Luxury Cards report your payment history to all three credit bureaus.

Is the Mastercard® Titanium Card™ application process lengthy? Can you prequalify?

The Mastercard® Titanium Card™ application process is quite simple and is done online through the Luxury Card website.

What information is needed to apply for a Mastercard® Titanium Card™?

To apply for the card, you will need to provide your personal information, including your name, address and residence status, as well as your employment and financial information like your occupation and gross annual income. Additionally, you will need to provide your contact information.

Does the Mastercard® Titanium Card™ have good customer service or satisfaction?

One of the benefits of the card is its glocal customer service assistance for stolen or lost cards. Cardholders receive dedicated emergency card replacement and cash advance services from Luxury Cards.

Does the Mastercard® Titanium Card™ have a mobile app or the option to pay or manage your account online?

The card has a mobile app that allows cardholders to manage their account, access their benefits and perks and get 24/7 customer assistance more conveniently. It also connects members directly to concierge agents through a live chat feature.

Does the Mastercard® Titanium Card™ raise credit limits automatically or charge for limit increases?

No, the Mastercard® Titanium Card™ does not increase your credit limit automatically and may not be the best for individuals seeking to purchase an introductory card or those with low credit.

Does Mastercard® Titanium Card™ offer the option to freeze your credit/account or have other security features?

While the Mastercard® Titanium Card™ does not have a security feature that allows you to freeze your card in case of theft or loss, the company offers a 24/7 identity theft protection service that replaces your card and notifies credit agencies if you become a victim of identity theft.

Does Luxury Card offer other credit cards besides the Mastercard® Titanium Card™?

Yes, Luxury Cards also offers the Mastercard Gold and Mastercard Black cards in addition to the Mastercard® Titanium Card™.

For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

About Doug Milnes, CFA

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

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sources

Luxury Card. "Mastercard® Titanium Card™ Benefits." Accessed October 24, 2024.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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