{"id":683,"date":"2015-02-08T22:27:37","date_gmt":"2015-02-08T16:57:37","guid":{"rendered":"http:\/\/abhinav.spsdarj.org\/?p=683"},"modified":"2015-03-29T01:14:37","modified_gmt":"2015-03-28T19:44:37","slug":"which-credit-cards-do-millionaires-possess","status":"publish","type":"post","link":"https:\/\/abhinavkr.com\/musings\/2015\/02\/which-credit-cards-do-millionaires-possess\/","title":{"rendered":"Which credit cards do millionaires possess?"},"content":{"rendered":"

Answer by Kyle Murao:<\/strong><\/p>\n

I’m not sure if this one-ups David<\/a><\/span>‘s answer, but I can say that it is certifiably available only<\/i><\/b> to millionaires. Ladies & gentlemen, the J.P.Morgan Palladium Card:<\/p>\n

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It’s got your name laser-etched into it, rather than printed on those mere bourgeois plastic cards in raised lettering. It’s made out of 23-kt gold and palladium, which is some rare expensive metal. Depending on how commodity prices are doing on a given day, it may be worth more than $1,000 or so if you just melted it down and sold off the metal in it–which is more than the annual fee itself ($595, or a small rounding error on a Palladium card-holder’s monthly wine club invoice). The card is made out of metal to make it durable, heavy, attractive, and noticeable: when dropped upon a silver platter, it makes a distinctive “ping!” sound.<\/p>\n

It’s reported that in order to be invited to apply <\/i>for the Palladium card, you must have an account with JPMorgan’s private bank, with net assets of at least $25 million, ranking you well above just the 1%. There are thought to be fewer than 5,000 of these little doodads floating around.<\/p>\n

Credit Card Forum has more:<\/p>\n