Posted by William Charles on January 13, 2016
Credit Card Review

Published on January 13th, 2016 | by William Charles

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Luxury Card’s From Barclaycard: Titanium, Black & Gold Reviews

Update: These cards no longer offer a sign up bonus and Barclaycard has cut benefits for military cardholders.

Two days ago we reported that Barclaycard had launched three new cards under their Luxury Card brand. I thought these cards deserved an in depth review due to the high annual fees they charge ($195-$995) to see if there is any value to be had. We’ll start by looking at what’s the same between the cards and then the individual benefits of each.

luxury card reviews titanium black & gold card

All Cards

Points Earning & Points Worth

All of these cards earn one point per dollar spent and there are absolutely no bonus categories to speak of. All cards can also redeem points for airfare at a rate of one point = 2¢. You can also redeem these points for statement credit, the rate you receive depends on the card you have and is as follows:

  • Titanium: 1 point = 1¢
  • Black: 1 point = 1.5¢
  • Gold: 1 point = 2¢

One of the nice things about these cards is that the minimum redemption rate is really low, when redeeming for airfare you can redeem for as few as 50 points and in increments of 50 points. When redeeming for statement credit you can redeem in chunks of $1. Redemption can be done online at myluxurycard.com or by calling 844-724-2500, option 1, between 7:00am and 9:00pm Monday through Friday, and between 9:00am and 9:00pm Saturday and Sunday Eastern Time.

Some other information about points:

  • Points don’t expire as long as card is open, active, and in good standing
  • You cannot transfer points

Redeeming For Flights

Redeeming for flights is always only as good as the travel portal you have to use. There are a few things to consider:

  • All airline tickets are non-refundable, non-transferable, and non-changeable (have to make any changes directly with the airline)
  • There is no limit to the price of your ticket. Any combination of Points and other forms of payment can be applied to the purchase price
  • If you select to receive paper tickets a $50 fee will be charged

It looks like they use a company called TLI for bookings.

Luxury Card Concierge

All three cards come with Luxury Card Concierge, this service is available 24/7 and 365 days per year. This concierge service is run by VIPDesk.com/Aspire (the same provider that American Express currently uses) and cardholders can access this benefit through the following website: http://www.luxurycardconcierge.com.

I don’t have a lot of experience with credit card concierge services (I usually find it quicker just to google the information myself), so if you do please share them in the comments or if you know of any good reviews of Aspire let me know and I’ll add them here.

Luxury Magazine

Another benefit available to all three cards is the members only Luxury Magazine, this is a quarterly publication. Although it’s supposed to be members only, it looks like anybody can access it by simply going to: http://www.luxurymagazine.com/ and clicking view now. A lot of it seems to be ads for expensive products, although I found a few interesting articles as well. I’d assume that cardholders receive a hard copy as well, but I don’t see anywhere to input your mailing details so unless Barclaycard just use the details they have no file it’s likely online only.

Other Benefits

  • 0% APR on balance transfers for first fifteen billing cycles (3% BT fee)

Airline Credits (Black & Gold Only)

The Black & Gold cards both come with an airline credit ($100 & $200 respectively), according to the fine print this is available on a calendar year basis (based on the transaction date). The credit is automatic and should post to your account within two weeks of the transaction date. According to the fine print the following counts (emphasis mine):

  • Qualifying airline purchases are defined as purchases made by the primary cardmember or authorized user(s) with an airline for items including airfare, baggage fees, lounge access, and some in-flight purchases, as determined by the merchant category code.  Barclaycard does not determine and is not responsible for whether merchants correctly identify themselves and bill transactions as being made at locations in a particular category.

This seems similar to the Citi Prestige benefit in that airfare counts, so almost any airline purchase (including gift cards) should also trigger this bonus. Some previous gifts have included the following: Cross pen set, Ray-Ban aviator glasses and a Swatch chronograph watch (let us know what else in the comments).

Luxury Gifts (Black & Gold Only)

Both the Black & Gold cards get access to something called Luxury Gifts. There is no set frequency of when you’ll receive a luxury gift, or even how many gifts you’ll receive in a card member year. Barclaycard used to issue the Black Card before the Luxury Card rebranding and this also had a luxury gift program.

Global Entry Credit (Black & Gold Only)

Like most premium cards, the the black & gold cards come with a global entry credit. You’ll receive a statement credit of $100 when making payment for your Global Entry using this card, this credit resets once every five years (this is how long Global Entry lasts). Your card must be open for 7 days before charging this fee to your card (seems like a silly rule).

Lounge Club (Black & Gold Only)

Another benefit for Black & Gold cardholders only is a Lounge Club membership. This looks like an unlimited access pass (meaning you don’t need  to pay the $27 fee to access the lounge) for yourself and as many guests as the lounge allows. Fine print below:

Primary cardmembers are eligible for a complimentary membership to participating airport lounges which allows for unlimited visits for yourself as well as guests

Titanium

  • Annual fee of $195 and $95 for authorized users
  • Card aesthetics: Brushed Stainless Steel/Carbon Card
  • Sign up bonus of 10,000 points after $1,000 in spend within first 90 days of account opening
  • Points can be redeemed for 1¢ for statement credit or 2¢ for airfare

Black

  • Annual fee of $495 and $195 for authorized users
  • Card aesthetics: Stainless Steel/Carbon Card
  • Sign up bonus of 25,000 points after $1,000 in spend within first 90 days of account opening
  • Points can be redeemed for 1.5¢ for statement credit or 2¢ for airfare

Gold

  • Annual fee of $995 and $295 for authorized users
  • Card aesthetics: 24K-Gold-Plated/Carbon Card
  • Sign up bonus of 50,000 points after $1,000 in spend within first 90 days of account opening
  • Points can be redeemed for 2¢ for statement credit or 2¢ for airfare

Application Information

When you apply for this card, it’s run through Barclaycard’s normal application procedure, this means it should be a TransUnion credit pull and it should be possible to get multiple inquiries merged. If you apply for any of these cards, let us know if you were approved/denied and some more information (income, credit score etc).

Apparently all applications for these go automatically into manual review, you can expedite this by calling in. Few reasons why they might deny you:

  • Bankruptcy on file
  • Too many new accounts

Our Verdict

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

The Gold Card is probably the card of most interest, the sign up bonus would be worth $1,000. Obviously this only cancels out the annual fee, but some people should be able to get that refunded (and various other tricks might work as well). Even if not you should be able to double dip the airline credit as it’s per calendar year and get $400 in airline purchases reimbursed, that’s a pretty good outcome for a TransUnion pull (and even better if you can get that AF waived/refunded).



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Jonathan
Jonathan

Dad has the black card. They mail you the actual magazine. The luxury gift last year was a pair of Ray-Bans. Other than that the card sucked

jcm
jcm

Citi Prestige Concierge is run by Ten Lifestyle Management Ltd., at least for the fourth night free benefit.

Christina Fridman
Christina Fridman

Citi prestige black card also made of metal is a much cheaper yearly fee. The only thing they don’t offer from this black card is Some cheap yearly gift. You must have an excellent credit score when applying mine was 831. They do investigate your finances & I believe it helps a lot to make 6 figures. They ware definitely way more discerning

LA Rams2016
LA Rams2016

I have the black card. It sucks. The annual fee is not worth it. 24hour concierge is a joke. I called once when booking a trip and the person on the other end kept saying they had no idea. Thanks for the help. Plus side, except for one time calling customer service, they all have been very nice and speak English. I hate to be re-routed to someone in another country that I cannot understand. I never got Ray Bans. That would have been nice. I got a Cross pen and I have bought pens at Office Depot that work better. If they gave a nice Mont Blanc, then we are talking. Truthfully, if you spend enough and pay it off each month you make out ok. The point reception and airline credit for travel make up for the annual fee. However, it is still steep for what you get. I always laugh when people see the card. They get excited. I am like no you don’t understand, this isn’t the American Express one. My ex and I divorced and these are the only people who would give me a credit card in my name, even though my credit score is 720. I got the flyer in the mail and I got approved. They prob just wanted to get the annual fee. It is now 2016. Hopefully, they will send out more luxury gifts. Also, the first year I signed up they gave me 14% APR which I found to be good if you don’t pay off your bill every month. Since the new year, they sent me a notice saying it went up to 29% now. Just an FYI. PS. I do love Ray Bans, but to say those are “luxury gifts” is stretching it. Now a pair of Chanel sunglasses……..

trackback

[…] being increased to 60k points or 50k + $50 and also 75k offers on the Business Gold & Platinum. Barclaycard introduced three new luxury cards, with the gold card coming with a massive annual fee of $995. The card benefits aren’t great, […]

Jack Sprat
Jack Sprat

Signed up for the card because of the airline credit and global entry credit.

I was told they pulled from Experian and had a 780 score. I also had to close out an unused aviator account.

trackback

[…] I got the Barclays MasterCard Gold Card… by /r/churning. Seems a bit underwhelming, will be interesting to see if the credit card limit can be reduced or not. Our full review of this card here. […]

Erik
Erik

I was thinking about signing up for the card. I spend around $20k a year. That is $300 in cash back. (20000 x 1.5%). Then, I get 20000 points because of 1 point per dollar spent, that is $400 more (20000 x 0.02 cents). Not even counting $1000-1500 on airfare. Also, you get $100 for airfare fees and $100 for global entry fee. All that sums up to $900 which covers the $495 AF and gives you $405 + plus an annual gift (say Ray Bans that cost around $150). In the end, you end up winning aroun $500-600. Are my calculations right or is this card as bad as everyone says?

Oh! And didn’t even coun the sign up bonus which gives you 25000 points that equate to $500 more…

Costin
Costin

Erik, I have the Black Card for 3 years now. You are correct on most calcs but not on the first one. You dont get both cash back and airline points to spend (just one). Let me tell you how I think about the value: 1. Lounge club $300 – over $1,000 depending on usage. I fly min. 2x to Europe with my wife. Lounge access is about $35 per person on cheaper lounges (I do 2 lounges x 2 people x 2 times x $35). I also use it in the states and Caribbean vacations that is why for me it is close to $1,000 in value. Remember that priority pass have double the number of lounges plus Delta but you pay $27 per guest (if you travel by yourself most of time AMEX Platinum would be better). Loungeclud is free with unlimited guests (most I brought in is +3 and had no issue) 2. I spend 50k-75k on the card, that is 1k-1.5k flight. Since trips to Europe are much cheaper now 2015-2016 I get 2 free tickets round trip ti Europe 3. Airline credit $100 it is smaller than AMEX but better than before when I hav the BC with Visa 4. Global Entry – I already got the $100 credit but you only renew ebery 5 years so that is a $25 per year 5. Annual gift $50 I only got the cross pen, gifts are not quality but you can add some value if it makes you feel better. 6. I will not put value (myself, but others might) for the following: concierge executive status with national car rental vacation perks for high end hotels (breakfast, upgrades, champagne) luxury limo rentals and other useless perks 7 I will put non monetary value on two perks I personally like though I heard others dont care about. The BC is a credit card while AMEX Platinum is not. You do not need to pay your amount in full every month, you can carry a balance (at a cost of course) but at least you can carry. Second every restaurant, hotel, bar, sports event I take the card out, I dont only get the attention from people arround me, but I get better service (or at least as i observe it). Drinks get refilled without asking what are you drinking, generally concierge gets me a prime table, and… Read more »

Erik
Erik

And I am talking about the Black, of course 🙂

Erik
Erik

Yea, I am sorry I got confused. Anyways, I am looking for an all around card wirh travel perks, AF that pays for itself and do not want to be aware of points or miles. Just a good credit card.

Also, I already have Priority Pass from my credit card back home, so rhat complements the lounges for this card.

You think this is the best one for what I am looking or are there any better options?

Thank you in advance.

Erik
Erik

when I say AF that pays for itself I include the $100 of incidential fees + cash back or airfare points redemption.

Tribesman
Tribesman

Does anyone know yet if GCs trigger the credit?

tribesman
tribesman

Does anyone know if GCs trigger the credit?

John Sav
John Sav

Just signed up for this card.

erik
erik

What does this mean: “you should be able to double dip the airline credit as it’s per calendar year and get $400 in airline purchases reimbursed.”

How do you do that?

Chuck

For example, get $400 in calendar year 2016, and another $400 in calendar year 2017.

Irshad
Irshad

Isnt it 200 per calendar year? I am sorry for following up on such an old thread

Ken Grant
Ken Grant

I have 2 Barclay cards in excellent standing and they denied me because of too many new accounts and “insufficient experience” with them. Barclay actually hurt my credit by doing like 5 hard pulls total in less than 6 months. they do hard pulls even if you ask for a credit increase but do not tell you so these inquiries lower your scores. I am in NH. My credit score at the time was 739

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