The Visa Black Card: Exclusivity for the Masses

The Visa Black Card "And the black card don't got no max." - Jay Z Years ago, American Express launched the Centurion Card The prestigious card carries a $2500 annual fee and is awarded to American Express users who spend $250,000 annually. The card essentially has "got no max." New Bentley? No Problem. New Yacht? No Problem. Invitation for your cousin to attend a sleep over at Hannah Montana's home? Well, that may be a problem. American Express' Centurion Card paved the way for the recent launch of Visa's Black Card. Similar to the Centurion Card, Visa's Black Card is awarded to the top percentage of Visa Card users. However Visa Black Card users only pay a $500 annual fee and there is no exorbitant annual spending requirement. A Visa advertisement claims that the card is "the world's most prestigious and versatile card." It may be versatile. However, with Visa's goal to have 3 million users carry the card,...