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Santander Unlimited Mastercard Black

Santander's top-tier card in its Mastercard Black version, with Esfera points and LoungeKey lounge access.

SantanderMastercard Black
Annual feeThe annual fee is shown in 12 monthly installments (on the official page, around R$183.33/month); specialized sources cite values between roughly R$1,290 and R$2,200 per year. Confirm the current amount at the time of application.
Points (domestic)2,6 a 3 pts/US$
Points (international)3,6 pts/US$
💎 Premium⬛ Mastercard Black
8.5Radar Score
Points earning8.0
Transfer flexibility8.0
Travel benefits9.0
VIP lounges9.0
Waiver ease (informational)5.0
Value for money7.0
General benefits9.0

Overview

The Santander Unlimited Mastercard Black is the Mastercard Black version of the Unlimited card, sibling to the Unlimited Visa Infinite (the main difference is the network and the lounge program). Aimed at high-income clients, it earns points in the Esfera program, which can be transferred to LATAM Pass, Smiles and Azul Fidelidade, and also integrates with Livelo. It offers lounge access through the LoungeKey network and a full package of Mastercard Black benefits, insurance and 24h concierge.

Who it's for

Suited to high-income clients who concentrate spending on the card, travel frequently and want to accumulate Esfera points to transfer to mileage programs, while enjoying VIP lounges and premium Mastercard Black benefits.

Points earning

Esfera points earned per dollar spent. On the Mastercard Black version, sources indicate around 2.6 to 3 points per dollar on domestic purchases and up to 3.6 points per dollar on international purchases, with higher rates for Private clients (up to about 4 points/US$). Promotional programs such as Santander Rewards / Bateu Ganhou can boost earning. Esfera points do not expire.

Points program and transfers

Points are earned in Santander's Esfera program. From there, they can be transferred to partner mileage programs such as LATAM Pass, Smiles and Azul Fidelidade (usually at a 1:1 ratio, with bonuses during promotions). Esfera also integrates with Livelo, allowing points to move between the two ecosystems.

Annual fee and waiver rules

The annual fee can be waived by holding a high volume of investments at Santander/Toro (sources cite around R$5 million) or by reaching a minimum monthly card spend (sources cite between R$20,000 and R$30,000 per statement). Rules vary by profile and may change.

How to apply

Applications are made through Santander channels (website, app or relationship manager), subject to credit analysis. Private clients get differentiated earning rates and access.

Income or net worth range

Monthly income from R$30,000 or being a Santander Private client (check current conditions).

Typical requirements

  • Prove the required minimum income or be a Santander Private client
  • Pass the bank's credit analysis
  • Preferably concentrate relationship/investments at Santander

Ways to obtain

  • Be an account holder or open a Santander account
  • Apply via website, app or relationship manager
  • Prove income or qualify for the Private segment

VIP lounges

Lounge access through the LoungeKey network (over 1,500 lounges worldwide), with unlimited entries for the cardholder and around 8 free guest visits per year; additional guests are charged separately. It also includes access to the Mastercard Black lounge at Guarulhos Airport (GRU).

Network benefits

  • Mastercard Black network benefits
  • LoungeKey VIP lounge access (1,500+ lounges)
  • Mastercard Black lounge at Guarulhos Airport (GRU)
  • 24h Mastercard concierge
  • Mastercard Surpreenda / Priceless offers and experiences
  • Fraud and purchase protection

Insurance

  • Medical and dental travel emergency insurance (Masterassist)
  • Lost or delayed baggage insurance
  • Purchase protection and extended warranty
  • Cartao Protegido against fraud and theft

Travel protections

  • Medical assistance on international trips
  • Travel insurance certificate (useful for the Schengen Treaty when the ticket is paid with the card)
  • Baggage coverage

Airline benefits

  • Transfer of Esfera points to LATAM Pass, Smiles and Azul Fidelidade
  • Bonuses during transfer promotions
  • LoungeKey VIP lounge access at airports

Hotel benefits

  • Mastercard offers and experiences at partner hotels
  • Seasonal benefits via the Priceless/Surpreenda program

Car rental benefits

  • Car rental coverage (collision, theft and damage, per terms)
  • Offers with Mastercard partner rental agencies

✅ Advantages

  • Good earning rate on purchases, even higher for Private clients
  • Esfera points do not expire
  • Unlimited LoungeKey lounges + Mastercard Black lounge at GRU
  • Up to 7 supplementary cards and 24h concierge
  • Flexibility to transfer to LATAM Pass, Smiles, Azul and integrate with Livelo

⚠️ Disadvantages

  • High required income and annual fee
  • Waiver requires high spending or a large investment volume
  • Best earning rates reserved for Private clients
  • Values and rules vary across sources; always confirm the current ones
💡 Take advantage of Esfera's bonus transfer promotions (to LATAM Pass, Smiles and Azul) and concentrate spending on the card to try to waive the annual fee and maximize earning.

Frequently asked questions

What is the difference from the Unlimited Visa Infinite?

The main difference is the network: this version is Mastercard Black and uses the LoungeKey network for lounges, while the Visa Infinite uses Visa Airport Companion. The earning rate and Esfera program are equivalent.

In which program are points earned?

In Santander's Esfera program, from which they can be transferred to LATAM Pass, Smiles and Azul Fidelidade, and also integrate with Livelo.

How does lounge access work?

Through the LoungeKey network, with unlimited entries for the cardholder and around 8 guest visits per year, plus the Mastercard Black lounge in Guarulhos.

Do Esfera points expire?

No. Points earned in the Esfera program have no expiration date.

How can the annual fee be waived?

By holding a high volume of investments at Santander/Toro or reaching the required minimum monthly card spend. Confirm the current values.

Sources consulted

Information gathered from official and specialized sources in 2026-07. Annual fee, income and rules change — always confirm on the issuer's official website.

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