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10-29-2011, 08:49 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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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?
__________________
May we live in peace and harmony and be free from all human sufferings.
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10-29-2011, 08:51 AM
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#2
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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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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10-29-2011, 09:04 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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I'll send you a royal purple one for $350.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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10-29-2011, 09:10 AM
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#4
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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For $450 you can get an AmEx Platinum which is a better card by far.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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10-29-2011, 09:15 AM
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#5
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,710
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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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10-29-2011, 09:17 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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 Quote:
Originally Posted by Spanky
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.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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10-29-2011, 09:31 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by Bikerdude
I think its for people who want/need 24hr concierge service.
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and a sense of superiority. 
__________________
May we live in peace and harmony and be free from all human sufferings.
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10-29-2011, 09:34 AM
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#8
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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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/
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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10-29-2011, 09:40 AM
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#9
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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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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10-29-2011, 10:04 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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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...
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-29-2011, 10:16 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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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)
__________________
Work is something you do to get enough $ so you don't have to....Me.
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10-29-2011, 10:20 AM
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#12
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Dryer sheet aficionado
Join Date: Sep 2010
Location: Salt Lake City
Posts: 45
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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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10-29-2011, 10:20 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by 73ss454
But just imagine the prestige of pulling the Black Card out in a restaurant and having everyone thinking how stupid you are.
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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.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-29-2011, 10:28 AM
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#14
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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Quote:
Originally Posted by W2R
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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10-29-2011, 10:31 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Quote:
Originally Posted by W2R
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.
__________________
Work is something you do to get enough $ so you don't have to....Me.
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10-29-2011, 10:40 AM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-29-2011, 10:42 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Jun 2007
Posts: 2,657
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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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10-29-2011, 11:13 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Quote:
Originally Posted by growing_older
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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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. 
__________________
Work is something you do to get enough $ so you don't have to....Me.
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10-29-2011, 11:30 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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It seems likely that most people are unaware of the prestige or fee that card incurs and therefore completely oblivious to someone using it.
__________________
May we live in peace and harmony and be free from all human sufferings.
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10-29-2011, 11:48 AM
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#20
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,352
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Quote:
Originally Posted by W2R
There's a only a single member of the sucker special, elite class of people born every in any given minute.
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Fixed it for you.
__________________
I thought growing old would take longer.
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