While most of the world is chest deep in a credit crunch, MasterCard has teamed up with Kazakhstan's Kazkommertsbank in launching the Diamond credit card. The diamond-encrusted, gold-laced card will be released in two weeks to an elite population of millionaires who can afford the $1,000 annual fee and won't blink at the $50,000 credit limit.
The growing millionaire population of Kazakhstan is currently at 12,000, and the bank needs only about eight percent of these people to sign up for a card: A total of 1,000 cards will be released and only 30 each month to ensure the card will not be taken for granted as a status symbol. The his version features a winged horse and the hers version boasts a peacock, and there is a 0.02 carat diamond embedded in every card's center. MasterCard launched a similar card for its most VIP customers in Dubai last year.
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Ridiculous.
1Are you serious? Ridiculous is exactly the right word to use.
2If your cardholders are super rich, why have a credit limit at all?
3That is so stupid. And that is not a high credit limit at all. I have a card that is not far off from that and it doesn't have a ridiculous annual fee or an unnecessary diamond in it.
4I wonder if you can sell the card and if so how much can you get. We all know someone will put it on eBay.
5wow..........
6Why would anyone pay $1000 a year for a credit card - I've always thought any card with a annual fee was stupid, this one is just too much.
7wow - that's just INSANE. i wish that i could fall in the category of people who could get this card. i can't even manage to pay what i have now - but it would be nice to be a millionaire don't you think?
8That is insane and over the top. Why is the annual fee so high though? It is kind of surprising that you have to pay $1000 per year to get a $50,000 limit.
9Ridiculous. And yeah, the limit is too low, I would have expected $300 or $500.000. It's not worthy other than for the status symbol.
10Yeah, why the limit? I'm paying a G and you cap me on my credit? Maybe this has a revolving policy, unlike Centurion.
11seriously tacky.
12you KNOW thats a republicans card......(running)
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