Visa Black Card

Visa black card was established by the Barclays and it is made of the stainless steel. Over the years, it has been considered as the best option when it comes to purchases. Just like most of the credit cards, the Visa black card has incorporated a rewards program into its operations and this has been found to be successful. There are many benefits that come along with this Visa credit card, such as the sign-up bonus, travel benefits. The card also comes with some negativities that have proved to be the difficulty towards getting many customers.

Details on the benefits of the Visa black card

The benefit on the sign-up bonus is common, and this comes with a price in that one has to spend in order to derive the benefits. Within a period of the first three months of becoming a cardholder, one is entitled to 25,000 bonus points if he/she spends $1,500. This has been considered to be competitive because in order for one to qualify for the bonus points, he/she has to spend more which is not comparable to the Visa black card. The card also offers the bonus for airline redemption. This means that one can redeem his/her points for the airfare. This saves a lot because one has to spend on the air ticket since instead of the 1%, one gets 2%.
Research has shown that a small percentage of the population has the Visa black card and this has been considered as a way forward for ensuring that the cardholders enjoy the most as possible. There is the provision of the 24-hour concierge service. This service entails travel, business services, gift arrangement, entertainment planning and many more. In addition, the credit card offers a 0% transfer rate within a period of the first fifteen months.

Requirements for the credit card

There are certain requirements for the Visa black card that have to be met. First, there is an annual fee charged on the card that amounts to $495. The cardholder needs to a FICO score of above 700 as well as a few grand per month to spend. In order to apply for this card, one has to be a resident of the United States. A valid social security number should also be in place. The application is simple can be done either online or by the phone. In addition to the annual fee, each additional cardholder costs $195.

Final details on the black card

Although the card comes along with many benefits, there is a big disadvantage which is the annual fee. The annual fee of $495 is quite too high and when compared with the other reward card membership fee, this is higher. As stated earlier, each additional cardholder costs $195 and this means that for any additional card into the existing account that amount has to be charged. There are penalty fees imposed in case of the late payment. With all this information, one will decide on whether the card suits his/her needs.

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