Posted by William Charles on January 11, 2016
Credit Cards

Published on January 11th, 2016 | by William Charles

34

Barclaycard Releases New Gold Plated Credit Card With An Annual Fee Of $995 (And Two Other Cards)

Update: Our full reviews on this card are now live and can be found here.

Barclaycard has finally unveiled their new luxury card website (replacing the previous black card website) and there are three credit cards available:

luxury gold card

The benefits on the cards look mostly the same, but there are some key differences:

 TitaniumBlackGold
Annual fee$195.00$495.00$995.00
Authorized user$95.00$195.00$295.00
Statement credit rate1.00%1.50%2.00%
Card materialsBrushed Stainless Steel/Carbon CardStainless Steel/Carbon Card24K-Gold-Plated/Carbon Card
Luxury giftsNoYesYes
Sign up bonus10,000 points after $1,000 in spend25,000 points after $1,000 in spend50,000 points after $1,000 in spen
Airline creditNone$100.00$200.00
Global entry creditNoYesYes

Our Verdict

Unless the luxury gift program is Barclaycard giving me my annual fee back in cash, I’d never apply for any of these cards. The annual fees are excessive and the rewards are average, at best you can get 2% back and there are no annual fee cards that do the same. The card comes with no lounge access and only a maximum of $200 in airline credits, both the Citi Prestige & American Express Platinum offer this but for a lower annual fee and better overall benefits.

Barclaycard are clearly trying to target people that care about appearance more than real rewards/benefits which I am sure is an extremely profitable market segment. I’ll dig into these cards a bit more and have a full review of each up shortly, just to make sure I’m not missing anything amazing.



34
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
MistSoalar
MistSoalar

“Unless the luxury gift program is Barclaycard giving me my annual fee back in cash, I’d never apply for any of these cards. ”

So true.

Yumeng
Yumeng

So Titanium is basically just asking for money for no reason…

SteveX
SteveX

You’re looking at this all wrong.. This is awesome.

If its really gold plated, just get the card. lose it. replace. repeat. Whole new way to generate value. Lol

Parkerthon
Parkerthon

Totally. Gives new meaning to churning credit cards. 😀

Mohammad M
Mohammad M
Mohammad M
Gary
Gary

I am a sucker for cards… but I see no value here compared to MANY other cards for less money. What are they thinking?

Parkerthon
Parkerthon

They’re thinking of somebody that wants a status symbol but doesn’t actually have the status. Think young men thinking of impressing women. People pay for that sadly. The minimal extras are assuming said people also are generally ignorant to credit card rewards program norms and this is also generally true.

benji
benji

I wonder if the gold card will be fee free for military…

Christian

Barclay does waive fees for military….at least they have for my Arrival card.

D
D

Can confirm, card fees waived and card set to 0% APR before I even received it.

Javioul
Javioul

0% always on all purchases?

D
D

0% as in no fees period, purchase, balance transfer, late, or otherwise

JB
JB

Just wondering what happens after the first time swiping this thing. Got a scratch all across your nice card and the cashier take her nail file to scrape the gold dust out of the terminal lol

Adam
Adam

def intrigued. wish it atleast came w/1st yr AF waived.

btw I’d assume so, but is the card fully metal like the CSP or Ritz Carlton etc?

Tom Brady
Tom Brady

Anyone know if there are any special approval requirements for Barclays luxury card’s? Like minimum income, or a requirement to show proof of income?

Javioul
Javioul

I am very interested in this also.
You think a 760 credit rating with 21% credit utilization would get a gold one?

RAUL
RAUL

We may be discounting this card too quickly. First thing I think of when I hear large annual fee not waived the first year is the Ritz Carlton card and how u could get the annual fee waived if u lowered ur credit limit below a certain level. I know this trick doesnt work with citi since they wont let u lower ur credit limit to where the fee gets waived but does anyone know if this will work with Barclays?

Fat Chance
Fat Chance

Nice to see you’ve added a comic to your blog. 🙂

The Man
The Man

More about the cards: http://www.luxurycard.com/

Looks like the Gold card comes with Lounge Club access.

Greg N
Greg N

Looks similar to most of the Priority Pass lounges, although their program is called “LOUNGE CLUB”. However, in USA, there do seem to be a few better ones, like the KLM/Air France lounge at SFO and and British Airways Galleries lounge at IAD.

J
J

Doesn’t the 50,000 points (it says redeemable at 2% cash back) cancel out the first year annual fee? Then you can get the $200 airline credit and come out ahead for the year.

On top of that you get an admittedly badass gold card for a year. Sounds worth it to me, honestly.

J
J

Also, if you were to use this to fund a Citigold account opening, you’d get 2% cash back… if you have a high limit that would be an awesome bonus!

Greg N
Greg N

Yes,, the website says:
“$1,000 Airfare
When you redeem 50,000 points for airfare, Luxury Card points take you 2x further than our leading competitor*” They point out 50,000 amex points will only get you $500 airfare. But after the sign up bonus, you’re only earning 1 point per dollar.

However, Flexperks you can get $400 of airfare for 20,000 points – and many ways to get more than 1 point per dollar through spend.

Alex
Alex

$1k a year to hold a card…and deal with Barclay’s questionable service?

Nope, nope, nope

trackback

[…] Update: Military members do get the annual fee on this card waived. […]

trackback

[…] Barclaycard Releases New Gold Plated Credit Card With An Annual Fee Of $995 (And Two Other Cards) […]

Back to Top ↑