![]() ![]() First, though, I just have to take a closer look at the card in question.īeing rich is not enough to get you a Black card, not by itself, Credit Card Insider tells us. ![]() So I thought I’d help the Black card guys out by offering them a detailed presentation of the credit card transaction process. I mean, you wouldn’t want to start charging hundreds of thousands on a card, before you are certain it actually works as advertised, would you? So you spend $20,000 – $30,000 on a test transaction, wait for a few days, make sure everything is in order and move on to buy a Bentley. ![]() But, once you think about it for a moment, you quickly understand what’s going on: by buying a Hyundai, the Black cardholder is testing the reliability of his card. At the very least, the guy risks being mercilessly mocked by his country club buddies every time they see him drive the thing. How do you explain that? Why would a person whose household’s annual income is about $1.3 million and who is evidently more than willing to pay a one-time sign-up fee of $7,500 and then a fee of several thousand dollars every year buy a lowly Hyundai which, though admittedly highly dependable, nevertheless brings with it a host of unwelcome side effects. See, it turns out that Black cardholders are disproportionately likely to be owners of Hyundai. Well, to me at least, the connection was immediately obvious. Now, what could these two pieces of visual art possibly have in common? The other infographic offered an illustrated answer to the much more mundane question of how a credit card transaction was processed from start to finish. The first one - about American Express’ Centurion “Black” card for the super rich - was full of juicy factoids about things like the highest sales amount ever charged on such a card ($52 million for a private jet, if you must know), the sale of Kevin Costner’s horse from Dances with Wolves to a Centurion cardholder, etc. Browsing through my daily newsfeed this morning, I came across a couple of seemingly unrelated, but nevertheless intimately connected infographics. ![]()
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