Does the idea of running in a VIP social group tickle your fancy? Most significantly: Are you a trendy and classy young adult? If you’ve replied yes to the above-mentioned questions, then you need to be aware of the buzz surrounding Magnises card, the novel black card on the block. However, if you replied no to the abovementioned questions, this article is still worth your time.
So what’s the Magnises card?
Billy McFarland is the pioneer of the Magnises card project. In 2013, he and his clique of friends had a discussion about how exciting it would feel to acquire an exclusive credit card. However, they realized they had to bide their time until they achieved the required earnings and status that the issuer of the credit card stipulated. Taking inspiration from that discussion, McFarland put his mind to create a flashy card that the millennial demographic would access straight away. Thereafter, the Magnises card was introduced to the market. The name ‘Magnises’ was simply made up, although it sounds outstanding.
What are the perks that come with the Magnises card? For an annual fee of $250, you get:
• Black metal card that you can use a credit card for purchases
• Unrestricted entry to the Magnises penthouse, where you can mingle with fellow cardholders.
• Shopping, restaurant and hotel perks at world class venues in your city
• Access to private chauffeurs
• Access and reservations to exclusive bars and night clubs
• Invites to exclusive events organized by Magnises
• Discounted holiday trips
Bear in mind that Magnises isn’t just a credit card
On face value, you would think that the Magnises card is similar to the other expensive credit cards currently in the market. The Magnises card is not precisely a credit card.
Unlike the normal credit cards, the Magnises card is neither tied to an allotting bank nor does it run on any of the leading credit card networks. It’s basically a substitute for your standard credit card. After duplicating your typical card details onto the Magnises card, you can proceed to use it everywhere where plastic cards are accepted.
Consequently, you can basically select any credit card that suits your standard of living, link it to the Magnises card and it can act as your payment tool. This sort of flexibility explains why the millennial demographic accounts for the lion share of Magnises card holders.
How to become a member
Click the ‘Join Now’ tab on Magnises website and fill out the online application form. If the Magnises team is happy with your first application, you proceed to the next stage of the acceptance, which involves a phone interview.
According to Billy McFarland, the goal of Magnises is to reach the one million mark by 2019 in regards to membership- a feat he believes is pretty much realistic.