Comments on: The Elite Visa Black Card Review

By: FinanceDad

FinanceDad — Wed, 21 Apr 2010 14:30:19 +0000

Thanks for you comment and advice Pete!

By: Pete

Pete — Wed, 21 Apr 2010 12:56:12 +0000

I just got my black card yesterday and I have to say I am impressed. However what stunned me was that they started me off with a rather low credit limit. I have a platinum credit card through USAA and Gold Card (declined Platinum for no good reason other than not everyone takes American Express). My Platinum credit limit is literally 7 times the amount that the Visa Black gave me. If you want to be eligible for this card all I can say is for the past 7 years, I have never had a car payment because I pay for them in cash, I have NEVER had a balance that I didn’t pay in full each month and my credit score is extremely high. I applied for the card three total time with the first two being rejected. Why was it rejected??? Because 7 years 2 months ago I had just ONE missed payment on a credit card. it literally took to year seven for it to drop off my credit report and made my score near perfect. So I would say this…If you don’t have seven years or more never missing a payment or not paying in full, then it will be hard to get this credit card. It is cool though

By: FinanceDad

FinanceDad — Wed, 10 Mar 2010 16:29:12 +0000

Ann, it all depends on your spending and the associated perks you are willing to pay for. This card is called the “Elite Visa Black” for a reason, it’s for those people who are probably not concerned with frugality, rather convenience. As a freshman in high school, I’m not understanding how you are eligible for this card or any other credit card as you don’t meet the age requirements. If they’re willing to hand over their card to you in case of emergencies or to teach you responsibility in managing money – then it’s probably their decision on which card you should have, not yours. Good luck!

By: Ann

Ann — Wed, 10 Mar 2010 14:24:11 +0000

I am a freshman in high school and my parents want to get me this “exclusive” card, but I disagree. I’m not sure I want the responsibility for a card so “elite” as this… I’ve been looking at it for a while, and well I’m just not sure they are making the right decision. Please help me with this, are they right? Or, am I?

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