Luxury Card Mastercard® Black Card™
Barclays
Welcome Offer
Is the Luxury Card Mastercard Black Card right for you?
The Luxury Card Mastercard Black is a premium $699-a-year rewards card from Barclays. It earns a flat 1x on purchases. Whether it pays off depends on how often you'd use its travel benefits, not on the headline earning rates.
Who it's for
- ✓ Frequent flyers who will actually use Priority Pass Select
- ✓ People who would use the Annual Airline and Annual Dining credits without adding new spending
- ✓ People who want one rate (1x) everywhere without tracking categories
Who should skip it
- — People who won't use enough benefits to cover the $699 annual fee
- — Travelers who prefer booking directly rather than through the issuer's travel portal
- — Applicants with fair or limited credit — the issuer targets excellent credit
First-year value estimate
Year two, without the welcome bonus: about -$579 before credits ($120 in rewards minus the $699 fee).
Assumptions
- $12,000 a year of purchases at 1x, about $1,000 a month.
- Rewards valued at 1¢ per point or 1% cash back (cash-equivalent).
- No welcome bonus is listed in our record, so none is counted.
- Annual fee of $699 in year one and every year after.
- Recurring credits are listed separately below and are not counted here.
An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-10-03.
How the fee is offset by credits
Even at face value the listed credits ($330 a year) cover 47% of the $699 fee, so rewards and benefits have to make up the rest.
| Credit | Terms | Per year (face value) |
|---|---|---|
| Annual Airline Credit | $200 per year | $200 |
| Annual Dining Credit | $100 per year | $100 |
| Global Entry / TSA PreCheck Credit | $120 once every four years | $30 |
| Total face value | $330 | |
How it compares
Rules and gotchas
- The Global Entry / TSA PreCheck-style credit renews only once every four years, so it adds little to the yearly math.
Frequently asked questions
- Does the Luxury Card Mastercard Black have an annual fee?
- Yes — $699 a year, according to the issuer information in our record.
- What does the Luxury Card Mastercard Black earn?
- A flat 1x on purchases.
- Is the Luxury Card Mastercard Black worth it in the first year?
- Using our illustration ($12,000 of yearly spending), the first year comes out around -$579 before credits, including a welcome bonus valued at $0. In year two, rewards alone fall about $579 short of the fee, so credits and benefits have to close the gap.
- Do the Luxury Card Mastercard Black's credits cover the annual fee?
- The listed credits add up to $330 a year at face value against a $699 fee. Count only the credits you'd use without changing your spending.
- What credit do I need for the Luxury Card Mastercard Black?
- Our record lists "Excellent" credit as the typical target for the Luxury Card Mastercard Black. Barclays makes the final decision based on its own criteria.
Earning Rates
Benefits & Credits
Up to $200 annual statement credit toward flight-related purchases (tickets, baggage, upgrades).
/yearUp to $100 annual statement credit at qualified restaurants worldwide. Preferred status with select restaurants.
/yearUp to $120 statement credit for Global Entry or TSA PreCheck application fee, every 4 years.
Lounges
Other Benefits
Complimentary lounge access.
Insurance
Sources
- https://www.luxurycard.com/blackcard
- luxurycard.com
- barclaycardus.com
- thepointsguy.com
- upgradedpoints.com
Last Updated: Oct 3, 2026