Exquisite is what comes to mind when you glance at the Mastercard® Titanium Card™. It is sleek and slender with a stainless-steel metal frame. Among the high-end travel cards, this card falls into the beginner category. Here we will be looking over the benefits that are offered against the steep annual fee that this card has. Each year you would have to pay $195 to carry this card. An additional card would set you back further by another $95.
MasterCard Titanium Rewards
Rewards are an essential part of a cashback credit card. Mastercard Titanium gives you 1 point per dollar you spend on every purchase. The rewards are in line with basic no annual fee cards. Some of the excellent cashback cards even offer 2 points or more per dollar as rewards. However, when you redeem the points you earned on Mastercard Titanium for airfare that’s when you get a maximum value (2 percent).
The best thing about the rewards is that the points can be redeemed for booking tickets without a waiting period, which makes the trip planning a breeze. Not having any restrictions such as reserved seats or blackout dates and cap on earning rewards are excellent features to have in a card meant to be used for travel.
MasterCard Titanium Features
While traveling we all seek the comfort of a nice room and delicious hot meals. The VIP Hotel & Travel benefits have access to over 3000 properties which can provide a relaxing stay during your work or personal trip. With your luxury card, you can experience different types of events as per your interest such as a culinary show or a sports event.
You can also plan your experiences on the go with the luxury card app. Through the app, you can chat with the concierge service 24/7, who can help plan your itinerary. You can get assistance for planning off beaten trips so that you can immerse yourself in the local surroundings.
Most airports are large, crowded and at times flight delays can make us miss our connecting flights, especially if we are not familiar with the airport layout. The Airport Meet assist feature can smoothly escort you through to reach your flights on time. You’ll receive a 15% discount when you enable this service.
If you plan to do a lot of shopping abroad, paying 2 to 3% on each purchase transaction can sum up to a large amount. It is nice to be free of these charges with Mastercard® Titanium Card. The card does not levy any foreign transaction fees on the purchases you make abroad.
Option for points redemption
The points which you earn using the Mastercard Titanium can be redeemed against gift cards, as a statement credit, airfare and be deposited into your savings or checking account.
To make your wait time pleasant you can visit one of the many global lounges’ that are accessible through the collection. Also, you get an airline travel credit of $100 for global entry and TSA pre-check application in the form of a statement credit.
Besides, Airline credit of $200 is offered towards covering airline incidental charges such as checked-in baggage, flight refreshments, and seat upgrades.
The Luxury magazine is exclusively available for card members displaying trending products and experiences. Priceless Golf benefit from Mastercard gives you discounts on PGA tours tickets and private lessons. Similarly, you can explore a new museum, cuisines in a city by using the Priceless Cities benefit.
These perks can help create a memorable experience.
MasterCard Titanium Benefits
|Travel Accident Insurance||Up to $250,000 on the accidental loss of life and dismemberment on tickets purchased to travel on a common carrier.|
|Auto Rental Collision Waiver||31 days rental coverage against collision and theft|
|Global Assistance Service||24/7, 365 days assistance for emergency card replacement or emergency cash advance|
|Trip Cancellation and Interruption||Secondary coverage, reimbursement up to $5,000 per trip and $10,000 per 12-month period.|
|$0 Fraud Liability Protection||24/7, 365 days, protection against unauthorized charges made with your card.|
|Travel Assistance Service||24/7, 365 days|
|Mastercard ID Theft Protection™||24/7, 365 days|
For the annual fee, you would expect a welcome bonus but this card does not offer any. Besides, you have to pay a balance transfer fee of either $5 or 3% of the transfer on each transaction whichever is higher. Also, if you withdraw from an ATM you can have to pay Either $10 or 5% of the transfer amount depending on which is higher.
The MasterCard Titanium is a good starter luxury card if you spend large amounts traveling and can redeem the rewards for airfare and other travel bookings. However, cards such as Venture® Rewards from Capital One® with a lower annual fee and intro welcome fee waiver offer better benefits if lounge access and airline credit for incidental expenses is something you can let go. On the luxury side, you have MasterCard Black Card and American Express Platinum card with richer rewards which are worth considering if you don’t mind paying premium fees for exclusive benefits.