topic Re: First startup charge card? in Credit Cards

First startup charge card?

Anonymous — Sat, 18 Dec 2021 03:34:05 GMT

My friend just shared PointCard with me and I was instantly intrigued -- i've never seen a charge card that underwrote based on income & liquid assets in the consumer space.

What do we think?

https://www.point.app/titan

Re: First startup charge card?

arunkumarmm — Sat, 18 Dec 2021 05:36:18 GMT

@Anonymous wrote:
My friend just shared PointCard with me and I was instantly intrigued -- i've never seen a charge card that underwrote based on income & liquid assets in the consumer space.

What do we think?

https://www.point.app/titan

In my opinion, not interesting 5X categories and there are lot of cards to those 3X categories without AF. And NO credits? and a $399 fee!

Re: First startup charge card?

NRB525 — Thu, 23 Dec 2021 12:45:09 GMT

The example card number begins with "92" which I'm not familiar with. Seems not VISA nor MC?

The qualification is income or assets, not both. The "unlimited charging" is NPSL, same as AMEX where the charges are accepted or not based on cardholder history.

The points categories could be useful to some. Switching them at will is a nice feature.

The AF and true value for the AF is another thing entirely. No early word whether they will have any sort of credits available to defray that charge. I would guess yes and that they are still in negotiations.

At least they aren't going titanium and are using "cold rolled steel" for differentiation.

I should get on the list, just because...

Re: First startup charge card?

ChargedUp — Sat, 18 Dec 2021 06:01:53 GMT

This is like a weird attempt at an Amex charge card aimed at hipsters. It seems you only get 2 of the 5% categories, and there's nothing really useful to me that I don't already have covered, especially for a $399 AF. (Max Cash Preferred please!)

What network does this even run on?

Re: First startup charge card?

ptatohed — Sat, 18 Dec 2021 09:28:21 GMT

@Anonymous wrote:
My friend just shared PointCard with me and I was instantly intrigued -- i've never seen a charge card that underwrote based on income & liquid assets in the consumer space.

What do we think?

https://www.point.app/titan

$400 anual fee? : puke: But I totally commend you for including a link!!!! Thank you! :bow:

Re: First startup charge card?

MrDisco99 — Sat, 18 Dec 2021 14:20:47 GMT

$399 AF and no credits, no airline/hotel status, not even Priority Pass?

EDIT: nevermind I see it comes with Priority Pass... but we don't know if you can bring anyone in with you.

5x categories are way too specific. Looks like there's airline partners, which is nice, but apart from JetBlue and Lufthansa we don't know who they are. Not sure why they wouldn't reveal what network it runs on. NPSL so you have no idea what your limit is and you can't carry a balance.

I've never heard of any of those "brands that matter."

But there's a wait list, so you better get in line now!

I guess this might be a good option for people who meet the income/asset requirement but would have trouble getting a premium card through a credit check. It's a hard pass for me though.

@Anonymous wrote:
My friend just shared PointCard with me and I was instantly intrigued -- i've never seen a charge card that underwrote based on income & liquid assets in the consumer space.

What do we think?

https://www.point.app/titan

Brand new member giving us the scoop on this new product with a link... say hi to the rest of the marketing team from us.

New Fintech Premium Card Offering

Ilinferno — Thu, 23 Dec 2021 01:05:42 GMT

I was browsing the interwebs and noticed an article about a new FinTech premium card called PointCard Titan. Something to look forward to after the X1 hype fades haha. I mean who doesn't like more METAL in their wallet?

https://milestomemories.com/pointcard-titan-launch/

Re: New Fintech Premium Card Offering

trant3 — Thu, 23 Dec 2021 01:36:25 GMT

for the hefty AF, the card and rewards structure seems a bit lack luster

Re: New Fintech Premium Card Offering

C6 — Thu, 23 Dec 2021 01:41:30 GMT

The $399 fee kills the deal. Most purchases for me would be at the 1% level. Assuming that one can qualify, the Venture X is a substantially better card with it's 10x/2x rewards, plus annual credits to cover the fee, and a 100,000 point sub.

Re: New Fintech Premium Card Offering

Ilinferno — Thu, 23 Dec 2021 01:51:30 GMT

Yeahh you're not wrong, there needs to be a hefty credit or sub of some kind to justify that AF.

Re: New Fintech Premium Card Offering

FinStar — Thu, 23 Dec 2021 02:08:11 GMT

@Ilinferno - please reference the active discussion upthread on this particular card.

Re: New Fintech Premium Card Offering

Ilinferno — Thu, 23 Dec 2021 04:53:48 GMT

@FinStar

😬 My bad, I totally missed it!

Re: First startup charge card?

shalimarcat — Thu, 23 Dec 2021 05:31:29 GMT

Hi OP, welcome to the forums. The card in question comes off as pretentious to me. The annual fee is a major turnoff, as well as the qualifications. Feel free to forward my thoughts to the rest of the marketing team. Thanks.

Re: First startup charge card?

Anonymous — Fri, 24 Dec 2021 16:29:07 GMT

As said, I checked and it comes to this:

So you need either one of these to get approved? Crazy! This is ideal for people who are wealthy.

I'm out ...

Re: First startup charge card?

coldfusion — Fri, 24 Dec 2021 16:38:25 GMT

I think we may have finally come across a card that makes the BarclayUS Black Card look good.

Re: First startup charge card?

Aim_High — Sun, 09 Jan 2022 23:18:30 GMT

@coldfusion wrote:
I think we may have finally come across a card that makes the BarclayUS Black Card look good.

IMO, the X1 card left a lot to be desired, but it blows this PointCard Titan away unless there are details not yet revealed. The earning structure, the high AF, the lack of perks or credit don't make this any sort of serious contender to cards in the $400 AF range. We keep seeing these metal cards pop up that don't deliver premium value, they're all show with tech features aimed at the Gen Z and Millenial market. At least the Apple titanium card paid 2% in cash with Apple Pay and 3% in some cases, with no AF.

Re: First startup charge card?

xenon3030 — Mon, 10 Jan 2022 07:07:47 GMT

Finally, I found a card that it looks clearly impossible to justify its AF . How on earth, it would be feasible to cover a hefty 400$ AF without having any e.g. dining/streaming credit? It may work if the 5x subscription category would be very broad including e.g. hefty monthly mortgage subscription of 5k/m and they should them directly a check, since my mortgage does not accept any debit/credit card

Re: First startup charge card?

PDXoriginal — Tue, 11 Jan 2022 07:10:03 GMT

$399/yr are they insane?

I saw nothing that would get me to chose this card over premium cards. They're website is doing a poor job of selling this, I can't imagine anyone would willingly pay them to use their card.

DOA

Re: First startup charge card?

wasCB14 — Tue, 11 Jan 2022 09:07:19 GMT

I think the most likely explanation is that they're going for people who are not card-savvy and don't know better. You can make more money from a small number of fools than from a large number of people who shop around. Or for people who just want to have something different (for the sake of being different) than the (in some places common) CSR and Platinum.

Another possibility is that they're trying (not necessarily successfully) to position it as a Veblen good, where demand can rise with price among a small set of consumers. Conspicuous consumption not only excuses but glorifies the lack of value.