Not all credit cards are created equal. And not all credit cards possess the ultimate buying power of money. This is certainly true for the Visa Black Card. Widely known as one of the most prestigious – if not mysterious – credit cards around the world, the Visa Black card offers very exclusive benefits to the owner.

The High Life of Credit Cards

The Visa Black Card caters to those people with higher levels of income, higher credit rating, and higher spending. It’s pretty clear that membership isn’t for everyone. This rarely seen, but easily recognized elite card is rumored to have members of only 1% of the American population.

Getting the Visa Black card may be costly but it does offer amazing perks. As a card member, you get to book a vacation, rent a vehicle, or purchase household and personal items with just one swipe. But take note – since this card is for the elite, affiliated companies come from the elite as well.

With great purchasing power comes great responsibility. But worry not. This card offers zero accountability, which means that no liability will be made for any purchases made by someone other than the cardholder. It’s this kind of service that can put your mind at ease and your wallet far from empty.

One of the best features of this card is its 24-hour concierge. At any time of the day, you can ask assistance for restaurant and hotel information, reservations, gift arrangements, and most desirably, purchase of hard-to-find and exclusive items. Whether it may be the first publication of the next JK Rowling novel, or a rare Picasso painting, this service helps you out.

And the perks just keep coming. For an event of trip cancellation or interruption, a reimbursement of $1,500 will be given to the cardholders. Black card can also insure your baggages for up to $3,000 during any trip in cases where the baggage is lost or stolen. In cases of baggage delay, a reimbursement of $500 will help wipe that frown on your face. The Visa Black card also covers your medical and legal services whether you’re out on a business trip, or you’re chilling on the shores of Hawaii.

The Rates

Undeniably, the rates and maintenance fees for this card are way over any regular Joe’s salary. But hey, if you got the money, it doesn’t hurt to spend a lot in order to earn a lot. Here’s a look at some of their fees:

APR for Purchases: 14.99%, based on the market prime rate and credibility

Balance Transfer APR: The first fifteen months offer a 0% introductory APR rate, after which this can be increased to 14.99%

Cash Advance APR: 25.24%, based on the market prime rate

Other penalties and fees can be seen at their official website.

If you’re thinking of getting into this exclusive circle of elite privileges, then you might want to start building up a good credit history. After this, it won’t be long before you receive an invitation to enter the world of the Black Visa Credit Card.

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