This Credit Card Is Made Of Gold

Bloomberg:

We all know economic times have been tough. But if you happen to have an extra $25 million that you are willing to let JPMorgan Chase manage for you, there is at least one perk you can expect to receive that you won't find anywhere else: The J.P. Morgan Palladium Card.

Read the whole story: Bloomberg

Comments

[jcaunter]

04:35 PM on 03/01/2012

Serious question: what is a dollar anyway?

A perfectly legitimate answer: an unsecured credit against the society as a whole.

When the ponzi scheme collapses, most people with 25 million dollars just aren't going to make it--unless they happen to be aware of things like peak oil and and the coming scramble for collateral, like a few are: http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=10782742

[AquaBuddha]

03:28 PM on 03/01/2012

"there are no foreign exchange fees, no late fees, no cash advance fees, no overdraft fees. "

Of course, we prefer to charge fees to people who might have trouble paying them in the hope of making them debt slaves. There is no point in charging the wealthy as it is merely an annoyance to them. Our society generally gives advantages to those who don't need them and deprives those who do.

[behindEnemyLines]

03:34 PM on 03/01/2012

maybe you missed the 595 annual fee. Not sure you have a card with that.

[AquaBuddha]

03:52 PM on 03/01/2012

Maybe you missed the ""there are no foreign exchange fees, no late fees, no cash advance fees, no overdraft fees. " Look again.

It says ""there are no foreign exchange fees, no late fees, no cash advance fees, no overdraft fees. " See?

[kidcat24]

03:01 PM on 03/01/2012

So this is all a part of their hard work hu?

[Gus DiZerega]

02:39 PM on 03/01/2012

Gold credit cards, like cocaine, are, as Herb Caen once put it, "God's way of telling you you make too much money."