Black Card

For just about anything you want to get off your chest about credit cards.
Brad Bishop
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Postby Brad Bishop » Tue Oct 28, 2014 8:27 am

lobbythis wrote:Want to know why this card exists?

If I whip this out, people think it's the Amex Centurion because most people have absolutely no clue of the name Centurion and only know it by its long fabled nickname, the "Black Card".

It's offered to regular people with average credit who are willing to pay $500/yr to have a "Black Card" so their ignorant friends, acquaintances, etc. will think they are cool when they flash it all over their Instagram, Facebook and any other photo-whoring, fake friends network.

The sad part is, whipping this out in front of most people would make them think I'm actually worth millions.


I actually requested a new MasterCard from my bank with a chip in it and, for whatever reason, they only offered it as a black card. It doesn't say "BLACK CARD" or anything like that, it just happens to be solid black with only the bank's name, credit card numbers, etc. on it. A lady at the tavern I frequent picked upon it right away like I was something special. She asked, "Whoa? New card, Brad?" I said, "Well, it's a new card but the same old account I've had for 10 years." I'm pretty sure she was thinking it was a hard to get "black card".

The card is one of my best cards with no AF and a really low interest rate.

I think the Visa Black Card, as others have stated, is really just more marketing nonsense to make you feel special. Yeah, it may have some perks you may find useful but I wouldn't pay extra for them solely because of the color of the card. The same goes for Platinum, Gold, or any other color. Generally speaking, no one cares about the color in day-to-day life.


takeshi
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Postby takeshi » Tue Oct 28, 2014 9:26 am

Grupet wrote:Is it common

Yes. It has been discussed before here and on other credit sites.

There's even a review on this site:
http://creditcardforum.com/blog/visa-black-card-secrets-revealed/
Exclusivity?
The Visa Black Card is marketed as something that is highly exclusive, but what are the Visa Black card requirements? According to numerous sources across online discussion forums, it sounds like they are not much different than the requirements for most credit cards (for example, be a U.S. resident, have a qualifying credit score, etc).


Grupet wrote:I do have the Amex Platinum, so I wonder if thats why I got it...

I don't have a Platinum and Barlcay sends me this along with all their other junk. It's just marketing like any other offer. Sorry to burst your bubble.

kzpa
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Postby kzpa » Tue Oct 28, 2014 9:33 am

Mostly marketing. This card is aimed at the wannabe baller crowd, it comes with a higher AF than most premium cards and offers less valuable points and perks.
[size=80]Ritz-Carlton ~ Amex Gold Card ~ Amex BCE ~ CapOne Quicksilver ~ Citi DP[/size]

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kcm7
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Postby kcm7 » Tue Oct 28, 2014 9:56 am

My mom recently got an offer for the Visa Black in the mail and called me.

Apparently the marketing materials made a big deal out of the fact that it waives foreign transaction fees and make it seem like a really rare benefit. She was saying, "Well if they waive all those foreign fees, that's probably why the card has to be so expensive."

Most people don't have such extensive knowledge about credit cards that they know immediately that this is a relatively common benefit (that some no annual fee cards offer).
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG

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Vattené
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Postby Vattené » Tue Oct 28, 2014 11:36 am

CarefulBuilder14 wrote:I don't get why people do this, or even talk about doing this. Marketing executives aren't the ones who open the mail, and opting out is easy. I did it, and the CO mailings have stopped.


PlyrStar93 wrote:Probably such action costs money to those who sent the offers, and people feel happy about it.
This is exactly why I do it. I want to make all the junk cost them something. The postage is nice, but it's not just that. The executives giving orders to the people in charge of the algorithms aren't opening it, but the company is paying someone to. On a more cathartic level I also enjoy making them (as in the company) waste as much time as they made me waste.

I don't opt out because I do like seeing what I get. Maybe it's not fair to call it "junk" then...but I will stop when they stop sending me the exact same offer for the same card week after week. One reason I held off on applying for an Amex for so long was in the hopes I would get a targeted offer for the EveryDay (there is one floating around with a 25,000 MR introductory bonus). No such luck, though.

CarefulBuilder14 wrote:Now if I could only opt out of political mailings and phone calls...
As for the political junk, if only there were a free way to send back all of their crap and label it "URGENT: OPEN FOR GENEROUS CAMPAIGN CONTRIBUTION."
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

jlam572
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Postby jlam572 » Tue Oct 28, 2014 11:51 am

Nope. Cards a joke
American Express Platinum
Chase Sapphire Preferred
Hawaiian Airlines BOH MC
USAA Amex
Capital One Visa Platinum
Citi Diamond Preferred MC

Grupet
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Postby Grupet » Tue Oct 28, 2014 1:41 pm

Thanks guys. That's definitely not a card I'm gonna reply for. I'll keep my Amex Platinum for now...
American Express Platinum
HSBC Platinum Master Card
Citi Diamond Preferred Master Card

benhollberg
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Postby benhollberg » Thu Oct 30, 2014 11:30 am

CarefulBuilder14 wrote:I don't get why people do this, or even talk about doing this. Marketing executives aren't the ones who open the mail, and opting out is easy. I did it, and the CO mailings have stopped.


I like to support the USPS. Even if it is a matter of pennies it does cost those companies money to send out those invitations and offers and another penny or so if the receiver responds.
American Express Platinum Card
American Express TrueEarnings Card from Costco
Marriott Rewards Premier Visa Signature Card
Chase Sapphire Preferred World MasterCard
Discover It

luisdaa
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Postby luisdaa » Mon Nov 03, 2014 1:30 am

lobbythis wrote:Want to know why this card exists?

If I whip this out, people think it's the Amex Centurion because most people have absolutely no clue of the name Centurion and only know it by its long fabled nickname, the "Black Card".

It's offered to regular people with average credit who are willing to pay $500/yr to have a "Black Card" so their ignorant friends, acquaintances, etc. will think they are cool when they flash it all over their Instagram, Facebook and any other photo-whoring, fake friends network.

The sad part is, whipping this out in front of most people would make them think I'm actually worth millions.


You are absolutely right. That's the only reason I got this card. I'm far from being rich, but when I pull out this card to pay for stuff most people think I'm rich. Many cashiers get impressed because they have never seen a metal card. Their expressions are priceless.

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Nov 03, 2014 6:36 pm

luisdaa wrote:You are absolutely right. That's the only reason I got this card. I'm far from being rich, but when I pull out this card to pay for stuff most people think I'm rich. Many cashiers get impressed because they have never seen a metal card. Their expressions are priceless.


Why does everyone need to try to impress cashiers? Are the swipes usually followed by flirting or asking them out?

I bet a lot of people who compliment cards really aren't impressed - they just see one and see it as an opportunity to flatter you so you'll spend more. A lot of allegedly high-end cards are really quite commonplace.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red



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