Thanks for the update on Visa Infinite, LOLOSH. It would seem that the new tier of cards has now been completely defined as far as network association goes, though you're, of course, right about the whole 'prestige' idea being nonsensical. Personally, I'd prefer to stick to annual fee free MC and Visa cards even if offered the highest tier. Although Amex is slowly getting accepted more internationally, it'll be a while before I take one of their Platinum offers - MC and Visa really just seem to hold the sway for now.
Just a short re-iteration of tiers for those who want to know (correct or update as needed):
Secured - Deposited amount = Credit limit, used for establishing or restoring credit history
Classic / Standard - Often used for first-time credit history, such as students
Gold - Mid-range card for credit histories on their way, some basic benefits, disappearance of annual fees
Platinum (non-Amex) - Mainstream card for good-to-excellent histories, full basic benefits, could be lower purchase APRs
Platinum Plus - Bank of America only, some slightly different benefits than Platinum
World / Signature - Excellent, established histories, accounts go from Revolving to Open (aka no preset spending limit or half credit card / half charge card), addition of many "higher" level benefits, possible annual fee again
Platinum (Amex) - The golden oldie status symbol of 1984 still hard at work. Nasty annual fee and relatively difficult to get. Full-up charge card.
World Elite / Infinite / Centurion - The "Black" cards, every benefit under the sun (e.g., concierge, dining)
World Elite (Mastercard) - No annual fee most likely, invite helpful but not required. Easiest Black to get. Open account-type card. Limited to HSBC (Saks 5th Ave rewards) and Sotheby's as of May 2008.
Infinite (Visa) - Not available in North America as of May 2008 (so no annual fee info), but a search of other countries has this black card rivalling the Centurion. Invitation only.
Centurion (Amex) - Most expensive and hardest to obtain card on the planet in terms of credit history, income, and assets. Full-up charge card, disgusting annual fee. Invitation only.
Message Edited by jackelope on
05-14-2008 10:40 PMMessage Edited by jackelope on
07-14-2008 09:17 PM