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VISA Black Invitation
Old 10-29-2011, 09:49 AM   #1
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VISA Black Invitation

Received an invitation of a per-qualified VISA Black card. The annual fee is $495.
Is the provider of the card actually expect many people to sign up? Have you received such invitation? If so, have you signed up and why?
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Old 10-29-2011, 09:51 AM   #2
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"A man (or woman) is not measured by the color, nor the logo of his/her credit card"....

Yeah, I just made that up ...

Looks like they are looking for folks to take the bait, IMHO...
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Old 10-29-2011, 10:04 AM   #3
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I'll send you a royal purple one for $350.
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Old 10-29-2011, 10:10 AM   #4
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For $450 you can get an AmEx Platinum which is a better card by far.
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Old 10-29-2011, 10:15 AM   #5
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All the credit cards have levels, they all charge a fee, they all promise exclusivity, and to an certain extent they are legit. That is, it lets cardholders feel in some way superior because they belong to a more exclusive group and it tells merchants that the cardholder has more money. American Express is really good at this.

The cards usually brings benefits that have actual financial value for a few people. For most, having an exclusive card is a benefit for the issuer because it allows them to target their offers with much greater precision, which they do without hesitation. In effect it is a double value for the issuer: a higher fee and a more valuable marketing target.
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Old 10-29-2011, 10:17 AM   #6
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Originally Posted by Spanky View Post
Received an invitation of a per-qualified VISA Black card. The annual fee is $495.
Is the provider of the card actually expect many people to sign up? Have you received such invitation? If so, have you signed up and why?
I think its for people who want/need 24hr concierge service.
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Old 10-29-2011, 10:31 AM   #7
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I think its for people who want/need 24hr concierge service.
and a sense of superiority.
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Old 10-29-2011, 10:34 AM   #8
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Why, we are in that exclusive club that gets Visa Black cards offers at least weekly! Woo hoo.

We have 2 not-black Visa cards we use for travel that were upped to Signature status, who knows why. No fee, and they also offer 24/7 concierge service (in fact, they offer most of what the "Black" card does). Which we will likely never use but at least we're not paying for the card.

Signature Visa benefits (on top of existing benefits like miles, etc.): Visa Signature Credit Card Benefits | Visa USA

Black Visa benefits (site won't open for me beyond the main page): https://www.blackcard.com/
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Old 10-29-2011, 10:40 AM   #9
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I got that invite, too, and I think I slapped my forehead in much the same way. Isn't the card made of carbon fiber, or some such? At first I was excited, thinking it might have a better cash back deal than my current platinum card, then as I read the details I think I said out loud, "Wait, you want me to PAY YOU to help you make more merchant exchange fees"
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Old 10-29-2011, 11:04 AM   #10
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What a gyp!

There's a sucker born every minute. Ever feel like every business in the world is constantly trying to chip away at your nestegg in one way or another? I do. (I'm mad that my basic landline went up $1.42/month and thinking of cancelling). And yet, they expect me to jump at the idea of paying $495/12 = $41.25/month for their stupid Visa card that I don't even need.

Not likely...
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Old 10-29-2011, 11:16 AM   #11
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But just imagine the prestige of pulling the Black Card out in a restaurant and having everyone thinking how stupid you are.

I was just thinking that I got rid of my Debit card last month because of a $4 fee. (heh)
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Old 10-29-2011, 11:20 AM   #12
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I got one of those "exclusive invitations" last week too. I was astounded at the fees. The card has a "carbon fiber" print, but the letter says it's "made from carbon". Yeah, all plastic is made from carbon...
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Old 10-29-2011, 11:20 AM   #13
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But just imagine the prestige of pulling the Black Card out in a restaurant and having everyone thinking how stupid you are.
I just pull out cash so instead of impressing everyone, they probably marvel at how crass I am. I could care less.
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Old 10-29-2011, 11:28 AM   #14
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I just pull out cash so instead of impressing everyone, they probably marvel at how crass I am. I could care less.
Nothing beats the feeling of a nice thick wallet filled with $1s
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Old 10-29-2011, 11:31 AM   #15
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I just pull out cash so instead of impressing everyone, they probably marvel at how crass I am. I could care less.
Yup, how stupid are people to pay a credit card company or bank to use your own money.
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Old 10-29-2011, 11:40 AM   #16
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Nothing beats the feeling of a nice thick wallet filled with $1s
It does help that I can carry it in a purse - -
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Yup, how stupid are people to pay a credit card company or bank to use your own money.
Everybody wants a piece of our nesteggs in this economy.
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Old 10-29-2011, 11:42 AM   #17
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I have a regular ordinary VISA card (Alaska Airlines affinity card), but the card itself is almost all black. Does that mean I should expect waiters and store clerks to start mistaking me for a high-roller who thinks nothing of dropping $495 a year for the color of my credit card. Should I start to expect more fawning attention?
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Old 10-29-2011, 12:13 PM   #18
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I have a regular ordinary VISA card (Alaska Airlines affinity card), but the card itself is almost all black. Does that mean I should expect waiters and store clerks to start mistaking me for a high-roller who thinks nothing of dropping $495 a year for the color of my credit card. Should I start to expect more fawning attention?
If I were next to you I'd be thinking there is one of those guys who spent $495 for a credit card, what a dummy.
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Old 10-29-2011, 12:30 PM   #19
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If I were next to you I'd be thinking there is one of those guys who spent $495 for a credit card, what a dummy.
It seems likely that most people are unaware of the prestige or fee that card incurs and therefore completely oblivious to someone using it.
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Old 10-29-2011, 12:48 PM   #20
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There's a only a single member of the sucker special, elite class of people born every in any given minute.
Fixed it for you.
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