There is little doubt that the relatively recent Visa Black Card plan is modeled on attempting to make use of the mystique and desirability brought on by the exclusivity of the American Express super-card referred to as the Amex Centurion. Those who are familiar with both cards will probably consider the title and chuckle; there isn’t any comparison backward and forward; the Amex cannot even be held by simple mortals who cost under $250,000 annually on their credit cards, whereas the Visa Black might be dealt with a middle-class person. Regardless, we asked a detailed friend who runs a business and has each credit card for the information on his experience, even though he is had he Amex for several years and his Visa Black for almost two.
The first thing to notice is the improvement in annual fees. The Amex Centurion expenses regarding $210 per month – an annual fee of $2,500 – only to have it on your bottom line. Sound like a lot? Well, that is because you (nor we) are able to afford it! Our buddy Bill requires home over $40,000 per month following taxes, doesn’t have kids, and dates from time to time. The Visa card’s $495 annual fee stops working to $40 per month, that is what Bill tips the man who parks his Benz anytime he eats out, quite a lot for a single, nearly-middle-aged bachelor’s. Besides, using what he spends in a year, the cash-back simply insures the insignificant annual fee in any case.
The particular concierge services seem excellent; Bill related a tale to us about buying a split-second trip with a friend; he utilized the Amex – it was prior to he would request the Black Card – Centurion and known as the assistant table, who’d not just reserved the flight, first-class for a few, but also guaranteed a limousine, dinner reservations at an exclusive restaurant, hotel and concert tickets in under half-an-hour. He mentioned they must have had multiple people behind the curtain catering to his wishes, to make it happen so quickly. He’d later use the Visa Black Card for any fairly similar function, and also got the same service and results, using the assistant desk at Visa even organizing an individual shopper at the hotel to bring up some things through various stores about a new city, all achieved by the end of a (long) day. The Black Card obviously does not carry as much weight as the Amex, however, it is not meant to; the personal-assistant-equivalent, various insurance policies, and most prestige it offers makes it, in the opinion, an advisable credit card to have. However, he makes half-a-million dollars a year, so go figure.
Being an insurance specialist from her early years attending college, Christina happens to be thinking about the workings of the Visa Black Card industry, and it has analyzed credit card use thoroughly in her free time. The newest wave of luxurious black cards can drown many who utilize and receive one, when they allow their consumerism to obtain the best of them. Black cards can be quite great, but, for the smart, so consider them and a technique for using them.