The new “Visa Black Card” is coined as “not just another piece of plastic,” both literally and figuratively, because it’s made out of carbon graphite.
Following in the footsteps of the infamous and rather elusive Black American Express card, the Visa Black Card is reserved only for the most elite consumers.
In fact, Visa reckons that only 1% of U.S. residents will be eligible for the new credit card to ensure the highest level of service for cardmembers.
Aside from the so-called “limited membership,” Black Card members can enjoy 24 hour concierge service via phone or e-mail.
A representative will be there to help you seven days a week for anything from a restaurant reservation to golf tee time information to assistance in tracking down hard-to-find items.
Last time I checked the internet could do that, but I digress.
On to more tangible benefits, the card comes with 1% cash back on purchases or points that can be redeemed for travel, 0% APR for six months on balance transfers, and a priority pass at 500 airport lounges in 90 countries.
There is a balance transfer fee on this credit card however, ranging from $5 to $50, and the variable APR for purchases is 13.99% ( If you’re looking for a no fee balance transfer, a few are still out there…)
After the initial six months, both the purchase and balance transfer APR rises to 9.99% plus Prime Rate.
Oh yeah, and the price tag for the new Visa Black Card is a whopping $495 per year, so you better hope that concierge is making you breakfast.
(photo: tanakawho)
Free Credit Scores: 
No Fee Balance Transfers: 
$200 Cash Back: 
$500 Cash Back: 
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