I think it's funny that the Bank of America Accolades credit card is co-branded with American Express. B of A is who started Visa but they turned to Amex for this credit card.
If you want an ultra high end credit card just for the benefits the Accolades it probably a better value than the Amex Centurion's $2,500 annual fee. But then again if you want a card as a status symbol the Amex Centurion is probably the way to go.
About these status symbol cards that IS why people get them, it's not for the benefits. I am friends with a very wealthy family that is on the Forbes 400 and they don't bother to use Centurion because they don't believe the annual fee is worth it. Like I said they have billions, a private jet, and all that, but they know that they are smart with their money and know that it shouldn't be thrown away on something that says "Look at me, I'm rich!" They know that's not important and they could care less. They only buy nice things if it serves a real purpose not as status symbols.
I haven't read any Accolade card reviews yet I don't think it's a card that has became popular yet.