Move over, AMEX Black Card. The Visa Black Card is here.

Annual fee of $495.

[URL="http://www.blackcard.com"]www.blackcard.com[/URL]

What makes this card so much more leet than the AMEX black card?  It's so leet that Google Image can't find an image of a Visa Black Card!  Oh, and it's made with carbon. 

[quote]For those who demand only the best of what life has to offer, the exclusive [B]Visa Black Card[/B] is for you. The [B]Black Card[/B] is not just another piece of plastic. Made with carbon, it is the ultimate buying tool.                      

The [B]Black Card[/B] is not for everyone.  In fact, it is available to only 1% of U.S. residents to ensure the highest caliber of personal service is provided to every Cardmember.

Become a [B]Black Card[/B] member today and enjoy our 24-hour world class Concierge Service ready to assist you with all your business, travel and leisure needs.[/quote]I was thinking about applying for the hell of it, but I'm going to wait until I actually have a job.

LMAO having a job would be a good idea:biggthumpup:

Tell me about it.  

Average household income? 0

Then again, I still live with my parents so [I]technically [/I]I can list their income as part of the average household income as with my brother.  I knew I shouldn't have quit my job so soon! Haha Job orientation needs to hurry up.

$495 seems like a lot for a normal card, but I'm surprised a Visa Black costs so little.

Actually if you were really l33t you wouldn't pay any fees for your card...I don't get it.

None of my cards have annual fees.  I was just being a silly horse when I made the original post.  With that said, I still plan to apply just to see what the letter will say when they decline me.  :P

Don't sweat it, I knew you were..I just found it funny that someone elite enough to have one of those cards would have to pay for it?  Haha...hence why it doesn't make sense since I also only get cards with no annual fee.

It's funny you mention that because while I was on my journey finding an image of a Visa Black Card, I stumbled across a forum and they were talking about the fees American Express has on their Black Card:

$2,500 annual fee
$5,000 sign-up fee
$250,000 annual (required) spending

[QUOTE=Franklin;225599]It's funny you mention that because while I was on my journey finding an image of a Visa Black Card, I stumbled across a forum and they were talking about the fees American Express has on their Black Card:

$2,500 annual fee
$5,000 sign-up fee
$250,000 annual (required) spending[/QUOTE]

c'mon, you guys talk about a black card and don't even know what the criteria (and cost) there is associated with holding one down?

the amex black is for real, gimme a few years

Personally, if I had that kind of money, I wouldn't be using a credit card :shrug:

[quote=firelizard;225629]Personally, if I had that kind of money, I wouldn't be using a credit card [/quote]
Credit is a good thing is this land of milk and honey.

[quote=excluesiveonez;225611]c'mon, you guys talk about a black card and don't even know what the criteria (and cost) there is associated with holding one down?
[/quote]

That's because for an average Joe such as myself, attaining an American Express Black Card is not possible due to the fact that I am not acquainted with anyone who has one that can vouch for me.  So when I know I can not acquire such a credit card, why would I look up the terms and conditions.  It would all be in vain.

[quote=firelizard;225629]Personally, if I had that kind of money, I wouldn't be using a credit card :shrug:[/quote]
 
 
 
Now there is the writing of a wise man...
 
+1 on that statment!
 
 
[quote=Franklin;225715]Credit is a good thing is this land of milk and honey.
[/quote]
 
Very true. 
 
However, nobody argues with cash in hand... nobody!!

[quote=VIP KING;225721]
 
However, nobody argues with cash in hand... nobody!![/quote]
Word!  I was told if I was to pay for a car with (more) cash, they would be able to lower the price more since they won't have to go through the handling fees of a credit card.

[quote=Franklin;225724]Word! I was told if I was to pay for a car with (more) cash, they would be able to lower the price more since they won't have to go through the handling fees of a credit card.[/quote]
 
 
Yes, that is correct. Usually dealerships offer a cash discount. If you're not worried about credit ratings and have cash, then do it. Credit never hurts to have when you're in a bind, but cash is always a deal breaker and the best way to stay out of payments and debt.
 
If you have the cash and want to build the credit, pay half or more with cash, finance the rest, make no fewer then 3 monthly payments, use the rest of your cash you already had, and then pay off. BAMMM you just established credit. It's a litlle different with some institutions, so a 3 to 6 months worth of on time payments always establishes good credit. You pay a little in interest over that time, however it pays off in the end with a great credit score.
 
Same goes for a credit card. Having one or two revolving lines of credit like a credit card does your score good. Even more so when you have no balance or you keep a small balance on it but are paying it off or making payments. Paying the debt off when the bill comes in, does not establish credit, because you're not showing a history of payments. It's sounds silly, but that really is the way it works.
 
I used to sell cars back in the day, and these poor bastards would come in with a stack of cash to buy a car, anything over 10k had to be reported, so to keep it under the radar, they would do the half cash, half finance. However, because they always paid with cash, they never had a credit score or history, which puts finance companies on the prowl. Reason being is, they knew they had you by the balls, what I mean is they could pretty much offer you a higher interest rate because they knew (or they thought they did) that you were desperate for the loan.
You're damned if you do, you're damned if you don't.
 
Making on time payments shows responsiblilty to pay off debit, in turn you earn a score based off of that. Bottom line is, although you have cash, it never hurts to have the credit, but it hurts when you get in too deep with payments. Overtime, with interest pilling high, you end up paying more for the item then originally priced. That's why you keep the length of time of payments under one year, and always pay more on the bill which in turn puts more toward the principle (the main debt vs the interest compliling over time). Even if you have the cash, keep the debt at a minimum, make some payments, pay off, and in turn earn some credit so you won't be screwed when you need it one day, for that time you want to buy a house for instance.
 
I'm sure our member "Gato" can advise on this too.

[quote=VIP KING;225745]
 
 
Making on time payments shows responsiblilty to pay off debt, in turn you earn a score based off of that. Bottom line is, although you have cash, it never hurts to have the credit, but it hurts when you get in too deep with payments. Overtime, with interest pilling high, you end up paying more for the item then originally priced. That's why you keep the length of time of payments under one year, and always pay more on the bill which in turn puts more toward the principle (the main debt vs the interest compliling over time). Even if you have the cash, keep the debt at a minimum, make some payments, pay off, and in turn earn some credit so you won't be screwed when you need it one day, for that time you want to buy a house for instance.
 [/quote]
Great post!  Always keep track of the finance charges as well and try to pay more than the minimum (payment) required.  

I honestly haven't checked my credit score yet but am curious to know where I am.  I need to find some free websites hehe.

lol at visa's attempt to profit off American Express' status.  The Visa Black Card is just a rebadge of my Amex Plum Card and I pay a lower annual fee and get better perks.  Yay.

AMEX Black is made of titanium....I've gotten a few at my restaurant..  Feels like metal but really light weight.     Someone mentioned that you need to spend X amount a year which isn't hard for a good size business owner.

amex > visa

i dunno what kind of perks theyre gonna give you for only $500/yr

i just read that amex is $2500 annual fee....so i dunno

Sham wow!

thats crazy.... my cousin is working his way up for the Amex Black...lol gotta spend a minimum of 250Gs .... crazy!

its pointless...that means you have maintain that 250K and don't forget the $2500 annual fee...  Maybe the concierge service is really all that but still.

BTW....I bought that sham wow and it sucks...it was a sham

Isn't this a re-post?
 
And it ain't got nothing on that one card for the top of the top people in Dubai with a diamond in it!

If you want to build credit, take out a huge loan, then pay it off the next day =)

Paying off a large loan in one payment won't build your credit at all.  :(

Really? Bummer. I did that (not the next day, mind you). So worth it though.

better not give any overdraft charges. lol

[QUOTE=Franklin;226198]Paying off a large loan in one payment won't build your credit at all.  :([/QUOTE]

That's what I hear too....its actually a computer that calculates your score.    how long you've had the credit...how much you owe...any late payments....credit limits....paid of loans...loans that you owe...how much original balance and how much you still owe...etc..   longer the history the better.    the higher the credit the card companies give you the better because if the credit company feels you can handle a 25-35K limit then they trust you therefore computer trust you...however you maintain a balanced owed of like more then 20% of credit available then your score starts dropping and such like that....paying of cars obviously helps and helped me out alot.

basic rule is to have little to no balance...also have a total of 7 cards max...that includes dept store cards and whatever.    I got rid of useless cards because there was just no reason for them.   All you need is a Visa card and a AMEX and you are set.

If you have a balance throughout a bunch of cards i suggest consolidate it all by balance transfers to one card and send funds to that one card.    Thats what I did and it worked.   

When I bought the Q 2-3years ago i had a score of 803.   Now recently checked and its 750-760 whatever...still good credit.