Philosophuer wrote: If you were worth a couple million, u would want something not everyone has, it's just human nature n just ego , we all have one.
I doubt it. Most people who are "worth a couple of million" are just ordinary people who are smart with their money. They can afford to do what they want but that's mostly because their wants are not so extreme. They don't let their decisions be driven by ego.
The people that you are talking about - the ones driven by ego and trying to keep up with the next guy - they are generally broke or headed that way. They might make a lot of money but they spend it fast. They have nothing because everything that comes in goes out within the month. Maybe they drive that new Ferrari, but only because they have a hefty payment on it. When the economy slows a bit, they have to sell at a loss and eat beans and rice for a while. But they still talk about the good times and act like nothing has changed.
I'm easily worth a couple of million but would never get a fancy credit card just out of ego or because my friends have one. I would certainly consider the Centurion card for $2500 a year IF the benefits were something useful to me. But the $7500 initiation fee would likely be a deal breaker for me.
Philosophuer wrote:Why do people argue over the BENEFITS. The BENEFITS ante geared toward those who the card is geared toward, the wealthy. So point being, we all can drive a Honda from point a to point b, but, wouldn't you want to speed from point a to point b in a Ferrari, is it a necessity, NO, but is it damn cool, yup! And the main reason you don't just see everyone with the BLACK CARD, is because it depreciates the value. Hence why you don't see a Ferrari every where, but when you do, it's magical!!
Ha! I drive a Honda. I've looked at buying a used Ferrari. They can be unbelievably cheap when you compare to what they cost new! But no one thinks about how much it cost the poor, dumb, insecure sucker that bought it new to impress his friends.