Mastercard Gold credit cards can be both good and bad, depending on how you use them. If you use them to earn rewards, and pay off your monthly balance in full then it like many credit cards can be great. It saves you from having to carry cash around and makes buying easy. Many of the newer cards also have the "chip", installed (which is an added security feature). The major downside of this credit card beside the annual fee, is if you do not pay the monthly balance in total each month. You then start getting charges a high interest rate (not quite loan shark levels, but still quite substantial), This high interest rate not only is applied to the outstanding balance, but on every future purchase, until you get out of this crazy cycle. It is easy to get into paying charges that are quite substantial. This is the main problem with this card and most credit cards. Overall I do like them though, since if you use them correctly not only can they save you money but also provide you with rewards.
Beverly Hills, CA