I was going through my mail yesterday when a really nice shiny black envelope caught my attention. I am a sucker for shiny things. Really nice, thick, pretty paper. My first thought was, “Oh, cool, a wedding invitation, I wonder who it is from?” I almost fell off my chair when I discovered the envelope was a promotion for something called the Visa ‘Black Card’. Ever heard of it? Here are some interesting details.
I find it amazing that there is enough of a market for this card that they would mass-mail the promotion to people. Are there still people in the country that think the type of plastic in your wallet somehow raises your status in society? I can remember being in college 12 years ago and thinking how cool it would be to one day have a Platinum Card. Now I view credit cards as something to be extremely careful with. It is so easy to just slide the plastic and worry about paying for it later.
I think what bothers me most is the way that the Visa ‘Black Card’ is promoted. The issuing bank, Barclays, depicts the card as something to aspire to and makes you think the card will somehow make you a more prestigious person. This is the same message that many college students receive from credit card companies and they often get sucked into a world of revolving credit card debt. This is certainly what happened to me in my college days.
What are your thoughts on this credit card? Looking forward to your comments.
Now in keeping with tradition here are some of the best coupon codes on my website right now. Hope they can help you save some money.
If you like this article, please sign up for free weekly email updates.
I'm just an average mom, trying to live a frugal life and get out of debt. I write about things that have (and haven't) worked to improve my family's financial situation. What works for me may or may not work for you, and you should always consult a financial advisor before making important financial decisions.
In accordance with FTC guidelines, I state that I have a financial relationship with companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.
Any references to third party products, rates, or websites are subject to change without notice. I do my best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers.