In my opinion the ‘Luxury Card’ products are pretty good credit cards when considering only the benefits but with annual fees that are too high for their overall value proposition — at least in the U.S. and with current offerings. That could change.
When these cards first came out they had signup bonuses that were worth the fee in year one. However they have absolutely awesome music in their commercials.
Issued by Barclays Bank Delaware these are stainless steel and carbon credit cards. (The American Express Platinum Card is now metal as well.)
They also launched their first very own Luxury Card cardmember lounge.
- Location: 645 Madison Avenue at 60th Street, New York
- Hours: Monday through Saturday 10am – 7pm, Sunday 12pm – 6pm
- Amenities: complimentary beverages, wi-fi, Luxury Magazine, concierge
So far there’s just this one location, but the Luxury Card folks say they’re “actively looking to expand to other cities” and also that they’re planning “art exhibitions, wine tastings, trunk shows, concerts” in the space.
This isn’t like American Express Centurion lounges (or Citibank’s own little-known network of airport lounges). It’s a city lounge, not an airport lounge, more like the Citibank lounge for Citigold customers in New York or a permanent version of the Centurion Lounge popup in Deer Valley and the Chase popup for United cardholders each holiday shopping season at the mall in Short Hills, New Jersey.
It will be interesting to see if these spread.
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