http://business.time.com/2012/11/07/5-credit-cards-you-dont-want-to-own/

Visa Black Card: It’s modeled after the American Express Centurion (aka “Black”) card, but this one, issued by Barclays, is more likely to put you in the red. It comes with a hefty $495 fee — and you don’t really get all that much for your money, according to CardHub, which labels it the worst general consumer credit card for rewards among the 1,000-plus it evaluated. Cardholders earn a measly one point per dollar spent, while many other rewards cards offer 2 points per dollar (and don’t charge you nearly $500 a year, either). And while we’ve seen many penalty interest rates that hover near the 30% mark, the Visa Black takes it over that threshold, with a default rate of 30.24%.

Yes, you get access to airport lounges along with some other perks, but there are plenty of cards that offer airport lounge access and similar benefits for less than $495. CardHub calls it a “cheap imitation” of the AmEx Black Card.

Anonymous wrote:I think everyone got an invite this week. Our household income is just shy of 100K, not sure how we "qualified" but yup, got my invite in the mail yesterday.

I make less than that (about $75k )and I got an invitation a year or two ago. I wonder how they're qualifying people for this thing.

I got an invite for some Amex card with a $495 annual fee. It went straight into the recycling bin.

I got an invite and make less then 20,000 a year. It's in the trash

I think everyone got an invite this week. Our household income is just shy of 100K, not sure how we "qualified" but yup, got my invite in the mail yesterday.

Anonymous wrote:

Anonymous wrote:So, we were just "invited" to receive a Visa Black card. My DH thinks it's great and is ready to jump. However, I saw that it has a $495 annual fee (+ $195/year for an extra card). Is it worth it? What is so special about this card? What am I missing?

I worked on developing Amex black. The visa black is a complete spin off, it's frankly a shitty version of Amex platinum. If you want to get something semi exclusive, the Amex platinum is much better. Anyone who knows their shit won't be fooled by a visa black card.

Amex is also using them over the use FYI.

+1. AMEX platinum > Visa Black

Thanks...I won't even open the invitation I got today.

Anonymous wrote:I got the offer also. In the trash. Perks aren't worth it.

Plus 1
When I saw the fee, I trashed it.

Anonymous wrote:So, we were just "invited" to receive a Visa Black card. My DH thinks it's great and is ready to jump. However, I saw that it has a $495 annual fee (+ $195/year for an extra card). Is it worth it? What is so special about this card? What am I missing?

I worked on developing Amex black. The visa black is a complete spin off, it's frankly a shitty version of Amex platinum. If you want to get something semi exclusive, the Amex platinum is much better. Anyone who knows their shit won't be fooled by a visa black card.

Amex is also using them over the use FYI.

I got the offer also. In the trash. Perks aren't worth it.

I received an "invitation" too. I don't think it's very exclusive.

Annual fee for a card = waste of $$

Don't do it. It is just a copy of the Amex black card without a lot of the perks.

Is it a status thing? Like AmEx black (think it's black?)?

So, we were just "invited" to receive a Visa Black card. My DH thinks it's great and is ready to jump. However, I saw that it has a $495 annual fee (+ $195/year for an extra card). Is it worth it? What is so special about this card? What am I missing?