Gamma wrote:I have never seen anyone with a Visa Infinite card before, only WEMC. Maybe in the next coming months, this will become a common card just like the Signature/World so the banks make more $$.
VISA Infinite cards existed in the US for a brief period of time. I think US Bank offered one 10 years ago. They have since went the way of the dinosaur. People weren't even allowed to be grandfathered into one either. My dad had a VISA Infinite card years ago (it was SOOOOO pretty) but I can't remember from which bank. It was converted to a VISA Platinum eventually without the bank giving a chance for anyone to opt out.
VISA Infinite cards still exist abroad. TD bank offers one, but only in Canada. HSBC offers one in Singapore. Citibank offers an "Ultimate Credit Card" In the United Arab Emirates which is a VISA Infinite card. it is still a rare sight as it is only offered mostly to the high spending clients in countries where people throw money around senselessly (prime example: this Visa Infinite card is made of pure gold, diamonds and a pearl offered in Kazakhstan
, comes with a free iPhone 5 and costs $65,000), with the TD bank version being the only exception to this madness as it is offered to pretty much anyone who applies and doesn't come with diamonds or tacky all black designs. It's nothing special really, just a fancier logo and slightly more beefed up perks. on par with WEMC.
Gamma wrote:There is a new tier to the Visa that just came out this month called the Visa Signature Preferred, which I'm assuming we will start seeing more of to rival out the WEMC.
This is news to me. and it is an incredibly stupid idea. what the hell is the point of launching yet another tier when there is no need to do so. Why not just change the benefits of the VISA Infinite to make it appealing for banks all over the world, including in the US, to pick up. VISA Infinite benefits still don't come even remotely close to AMEX's Centurion card benefits. So if they were hoping to stick the Infinite card into the super-duper-luxury market, it's not going to happen.