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Original: 7/1/2009 4:54 AM
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Wednesday, July 01, 2009

 I know the banking and credit card industry is hurting, but I had no idea how desperate they are. Visa has pre-approved me for their Black Card. I once got mailed an invitation to join AARP (I was 25 at the time and working full time), but this is even more bizarre.

http://www.ninomiya.org/piccys/blackcard.jpg

I have no idea what kind of specific benefits you get, but it said you get "24-Hour Concierge Service", "Luxury Gifts" and an "Exclusive Rewards Program".  Sounds impressive.  It better be for the $495 annual fee.  Anyway I don't know what they are thinking, cause I spend less than the Black Card's $495 annual fee every month on my current credit card.  A lot less.

The history behind the Black Card is actually very interesting. It was an urban legend in the 1980's, that there was a mysterious Black Card that had no limits and was for the super rich. So American Express capitalized on the legend and actually issued a Black Card in 1999.

http://www.snopes.com/business/bank/blackcard.asp

 Posted 7/1/2009 4:54 AM - 5 Views - 0 eProps - 0 comments

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