The Black Visa card is a good credit credit card issued by Barclays. The card was launched as a direct competitor to the American Express Centurion card, and in this article we review the card and summarize whether or not it is a good choice for those seeking a new credit card.
The first interesting point to note with the Black Visa card is that it is made from carbon graphite, making it something of a stand-out product when it comes to aesthetics. The card is designed to be individual and is promoted on its exclusivity, as less than 1% of US residents are eligible for the card.
The idea with the card is that it is promoted to high earners and those with excellent credit ratings. This means that those who have medium or poor credit scores should not even bother applying for the card, as a refusal will simply damage their credit rating even further.
As the name indicates, the card in question carries the Visa logo. This means that it can be used to pay for products and services at anywhere that accepts this method of payment. In this respect it has a slight advantage over the American Express Centurion credit card, as Amex is not as widely accepted as Visa.
Another advantage for the Black Visa card over the Centurion credit card is that the annual fee is lower. Cardholders are required to pay $495 per year as a maintenance fee, as opposed to the $2,500 payable by those that own the Centurion card.
The exclusivity of the Black Visa is its biggest selling point, and simply having the card in your wallet can almost guarantee you entry to exclusive nightclubs and top restaurants around the world. It is at this point that the piece of plastic becomes more than a method of payment, and becomes a status symbol.
Those who are thinking about applying for a Black Visa card should be aware that the application process is extremely thorough. If you manage to successfully negotiate this you will likely be rewarded with a credit limit of several hundred thousand dollars, if not a figure above one million dollars.
Another interesting feature of the card is that it comes with a concierge service. This allows cardholders to request virtually anything, at any time, in any place and Barclays will provide it. This is an extremely unique feature that is found on just a few cards currently on the market.
In summary, the Black Visa card is an extremely high end product that cannot be compared to a regular credit card. Only think about applying for the card if you are extremely rich and successful otherwise you will likely be disappointed.
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Article Added on Tuesday, July 17, 2012
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