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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.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Mastercard® Titanium Card™ at a Glance
Aside from the $0 fraud liability protection and no foreign transaction fees, Mastercard® Titanium Card™ customers also enjoy global acceptance since they can use the card in more than 210 countries and 8 million domestic retailers. Cardholders also get luxury concierge services from Mastercard for travel booking as well as other travel-related assistance.
- Mastercard® Titanium Card™
Best rewards credit card for luxury travel/hotel perks
- ExcellentRecommended Credit
- $195Annual Fee
- 1–2 Points per $1*Rewards Rate
- 2xRewards Rate on Air Travel
- 1xRewards Rate on Dining
Pros & Cons Explained
The Mastercard® Titanium Card™ has several benefits and drawbacks. Here are some that you need to understand if you are thinking about getting one.
- No foreign transaction feeWhile other cards may charge you up to 3% for transactions you make outside of the United States, the Mastercard® Titanium Card™ charges no foreign transaction fees.
- Excellent travel rewardsThis card provides attractive redemption rates for airfare. You can redeem airfare at a rate of 2 cents per point.
- Global acceptanceYou can use the card in over 210 countries and at approximately eight million domestic retailers.
- Luxury Card ConciergeCard users get assistance with travel bookings through a personalized service tailored to individual needs.
- High Annual FeesThe $195 per year annual fee is steep.
- At least good credit is requiredIf you want this card, you will need to have good credit to qualify.
- No loyalty or sign-up bonusIf you are a new cardholder, you will not get any special promotions in the first year if you book travel using your card.
MoneyGeek’s list of credit cards also features the best cards in various categories. Based on the research, the Mastercard® Titanium Card™ ranks among the top credit cards with the best travel rewards for customers. You can use MoneyGeek’s analysis to compare this card with other highly rated options so as to ensure you get the best for your needs.
Bonuses & Rewards Explained
One benefit of being a Mastercard® Titanium Card™ customer is that you will receive several rewards and bonuses.
You will earn one point for each dollar you spend using the Mastercard® Titanium Card™. For example, once you reach 50,000 points, you earn a $1,000 ticket with any airline without restrictions on seats or blackout dates. There is no limit to the number of points one can earn.
Cardholders receive a 1% value for cashback redemptions, which is deposited to their U.S. bank account or applied as credit.
There is no sign-up bonus for this card.
Card users also receive perks including trip cancellations and interruptions, rental car collision coverage as well as coverage for baggage delays.
Other Features Explained
Aside from the rewards and benefits of the Mastercard® Titanium Card™, users also enjoy various other unique features.
- Card FeatureDescription
- Global customer serviceIf 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 assistanceFor 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 ProtectionApart 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.
"This is a good card for redeeming your rewards points on airfare. It offers two cents for every point you redeem when you book through the appropriate channels. You can also book hotels through the credit card to receive room upgrades, free breakfast, free wifi, and resort credits." - Alene Laney, Credit Card Journalist
Understanding the Fine Print
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.
- Card FeatureAmount or Rate
- APR19.74% Variable
- Annual Fee$195
- Cash Back Rewards
- Rewards Rate1–2 Points per $1*
- Airline Benefits
Mastercard® 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 19.24% on purchases, which is high. However, cardholders receive a 0% APR on the first 45 days of account opening for balance transfers.
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 $39 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.
While looking for the best credit card to purchase, various factors play a key role, including the fees, APR and rewards or benefits provided. To compare the Mastercard® Titanium Card™ benefits with other cards, you can check the information on your online account or the provider’s mobile app. You may also get essential information from your billing statement, the provider’s website as well as the credit card agreement database from the Consumer Financial Protection Bureau.
Who Should & Shouldn’t Consider Mastercard® Titanium Card™?
Other Considerations for Mastercard® Titanium Card™
If you are thinking about getting the Mastercard® Titanium Card™, there are some things you should consider. Whether this is your first card, your only card or will be an additional card in your wallet, here are some factors to keep in mind.
Things to Consider if This Will Be Your First or Only Credit Card
For individuals considering the Mastercard® Titanium Card™ as their first option, one major factor is the high annual fee, which is $195 per year. The card offers a few rewards for travelers, but it may be hard to justify the cost of this card if you do not intend to travel or use it for international transactions. If you are looking for a card that has a good bonus, you might also need to continue shopping around for a better alternative.
Things to Consider if This Will Be an Additional Card in Your Wallet
The Mastercard® Titanium Card™ can make a good addition to your wallet if you love traveling. Besides having no foreign transaction charges, the card has a relatively low APR on purchases, and its generous balance transfer APR can help you save money. Contrarily, paying its high annual fee and the lack of welcome bonus could be a disappointing.
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.
How 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.
Quick Comparison of Mastercard® Titanium Card™
Mastercard® Titanium Card™
- Annual fee: $195
- Purchase APR: 19.24% variable
- Intro APR offer: 0%
- 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: 19.24% – 29.24% variable
- Intro APR offer: 0%
- Rewards: 1.25 miles for every dollar
- Foreign transaction fee: $0
- Mini Verdict: Best for applicants looking for an option with no annual fee.
Other Helpful Decision-Making Q&As
The Mastercard® Titanium Card™ reviews indicate that it provides one of the best airfare redemption values, better than most other popular cards. However, if you aren’t sold on getting this card, here are some common questions that may help you make a decision.
Still not sure about this card? Consider these options.
While this card offers several benefits and perks, it may fail to meet some of your needs, especially if you are not interested in luxury travel. You may need to consider options in other categories, such as student cards or more secured card options. MoneyGeek’s research includes the best cards for these categories and more.
Learn more about credit cards in general
- Luxury Card. "Mastercard® Titanium Card™ Benefits." Accessed August 26, 2021.
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