How are all these fees MasterCard black card a uniform equal service with no White Card?

How are all these fees MasterCard black card a uniform equal service with no White Card?


okay so this is one of those things that
I read through this is some meal that came today
and so I thought it was important to share with you guys just eat the meal
okay so this is what I want to show you okay where was it at oh right here
four hundred and ninety five dollars a year annual fee 195 for each additional
user can you believe that and some of the stuff that they are promoting is
really strange here okay so it says card weight versus the competition mastercard
black is 22 grams American Express Platinum is 18 grams Chase Sapphire
Reserve 13 grams and city prestige card is 12 grams I never knew the cards had a
weight but this is so weird and so strange weighing in these benefits 2%
value for airfare redemptions well if you can afford to travel $100 annual
airline credit VIP luxury card travel 1.5 percent value cash back redemptions
24/7 luxury card concierge and $100 Global Entry and TSA PreCheck credit I
think that’s funny oh my gosh I haven’t gone flying in forever
luxury card okay so the best airfare redemption MasterCard versus a
competition MasterCard black is 2% Chase Sapphire Reserve 1.5% City prestige card
1.25% and American Express Platinum 1% so the
so it’s really boosting up oh my gosh but it’s like how is this actually
benefits compared to 495 a year just to use the card so you are paying
four hundred and ninety five dollars to use a credit card and if you don’t use
it you’re just paying to have a card then it says MasterCard black card
features and benefits patented metal card design that sounds completely
ridiculous luxury card app completely ridiculous 100 global and ta okay I’ve
already read all this Oh some of this over here wasn’t on the other side five
hundred dollars luxury card travel value luxury magazine and luxury gifts so
you’re still paying 495 a year to have the card but there’s other things here
that I want to show you on here some of these weren’t on weren’t on the front so
look at this so annual percentage rate for purchases sixteen point nine nine
percent APR for the balance sixteen point nine nine percent APR for cash
advances 27.24 percent you are charged interest the charge will be no less than
fifty cents so minimum interest charge that’s indifferent in addition to the
four hundred and fifty five plus if you add another person it’s an additional
one hundred and ninety five for two people on the card there it is right
there four hundred and ninety five dollars one hundred ninety five for each
authorized user do you guys see that that is a ripoff
then there’s penalty fees so you’ve got a late payment and a returned payment up
to thirty nine dollars the amount of the fees vary from state C back from our
details and return payments $39 so people who use the card if you don’t
have enough money or things go a little bit of stray awry you get penalized okay
so there are some other things on here okay so it says fees that vary by state
late payment fee up to thirty nine dollars up to fifteen for residents of
Iowa at the time of Count opening returned payment up to $15
for residents of Iowa at the time of account opening and so by providing your
telephone number at the time you apply or anytime thereafter you authorized
Barclays and its affiliates agents and independent contractors to contact you
regarding your account such as number using any means of communications
including but not limited to calls placed by your fellow mobile or other
phones using an automated dialing service pre-recorded messages or text
messages standard text messaging and or calling charges may apply and so they’re
telling you right there and this little thing about the telephone numbers
they’re going to spam you okay so there was something else well about your
credit report you have the right to obtain a credit report avoiding interest
on charges other credit limits it’s oh it says we do not permit applicants to
request a specific credit limit we do not consider a request for the balance
transfer made with an application to be a request for particular credit limit we
determine the credit limit on your account independent and prior to
processing any balance transfer requests so that means that with the credit limit
they’re actually going to do a background check on you that’s probably
gonna be I don’t see that right here but I’m pretty sure that that’s gonna be
done oh yeah pre-screen and opt-out notice this pre-screened offer of credit
is based on information in your credit reporting indicating that you meet
certain criteria this offer is not guaranteed if you do not meet the
criteria so you’re going to have a background check on this on the black
card the MasterCard black card here you’re going to have a you are going to
have a background check that I it’s the fourth amendment illegal search
and seizure of information for credit cards and you know any other card you
know because it’s actually not a uniformed service when it comes to
credit cards now down here was something else too I wanted to share with you guys
the cash equivalent purchase the purchase of money orders this is
something to keep in mind the purchase of money orders traveler’s checks
foreign currency lottery tickets gambling chips wire transfers and other
similar transactions are treated as cash advances please see your card member
agreement for details so let’s go up here this means you are going to be
paying twenty seven point twenty four percent for cash advances so read the
fine print folks read the fine print so there’s a lot of thing there’s something
strange on here married Wisconsin residents no marital property agreement
unilateral statement or court degree under Wisconsin’s marital property law
will adversely affect our interests unless your account is opened you give
us a copy of the agreement statement or decree and we have actual knowledge of
it you understand that we may be required to give notice of this account
to your spouse oh oh that’s interesting to your spouse so that’s interesting
that they can just give notice of an account to your spouse about us and the
credit card program Express a delivery balance transfers to request a balance
transfer please enter the 1516 digit account number of the MasterCard Visa
American Express or Discover card account that you want us to process a
balance transfer from if the total amount you request exceeds the assigned
credit limit on your new account we may either decline the request or send a
partial payment to your creditors the amount of available credit on your new
account will be reduced to the amount transferred and the related balance
transfer fee we reserve the right to decline the
process of any request so remember look at all this up here that’s an addition
in addition to the 495 annual fee 195 each authorized user then you’re getting
assessed 50 cents minimum interest charge that the minimum that’s minimum
minimum interest charge right there there’s a yeah right there there are
days minimum interest charge and an annual percentage rate of sixteen point
nine nine percent and so this is what I would be like when I was a military
spouse well apparently I’m still doing it I for you through all this stuff
because I found it interesting at least they’re making the print larger though
too so I can actually read it so this is all the stuff it’s like there’s a whole
bunch of fees here you know so in addition to the annual fee you get a
transaction fee a balance transfer either 5% or $5 or 3% of the amount of
each transfer whichever is greater so you get it balance transfer you’re
paying for the balance transfer you’re paying for the cash advance $10 or 5% in
it and then you will pay 27.24 percent as long as long as it’s sitting on the
card there’s no foreign transaction fee and
then you have the late payments and the return payments so there is a whole
bunch of fees on here so on I should do my earth wobble with us maybe two but
this is just something to look at how these credit cards really get you you
know by a name you know by a specific name as a luxury card is it really
luxury when they add on all these fees and at what point does it become a scam
mastercard black card this has been rejected by some he doesn’t like the
idea of all these fees so this this card has been rejected but I’m actually
looking at the yeah all the fees you know all the fees
why are there so many fees on the MasterCard Black Card and how is this a
service for people anyone applying for this car to anyone and everyone oh and
one more thing how come we don’t have a MasterCard white card now the thing I’m
gonna say is if it had if we just took and we changed MasterCard black card to
MasterCard white card and it had all this on here I still wouldn’t apply for
it I just wouldn’t because it’s just a big ripoff all these fees and everything
this is what I remember this is deregulation this is at the time when I
was a spouse and I had no income I applied for a credit card I was living
on Fort Knox Kentucky and I put domestic engineer I put down
the household income and they gave me a credit card and that’s how I got my
first credit card I had no income and I got a credit card so this is
deregulation folks how to how to seek out deregulation on the MasterCard black
card here’s the terms and conditions anyway that’s it for right now

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