A Real “Gold” Card

A Real “Gold” Card

November 7, 2012         Written By Bill Hardekopf

A bank in Russia will issue a credit card made out of solid gold. And even some diamonds and pearls.

Sherbank, a bank in Kazakhstan, is issuing a Visa Infinity card to its top 100 customers. The card, made in Russia, also contains 26 diamonds with a total weight of 0.17 karats.

The card will be offered for $100,000 in U.S. dollars, $65,000 going to cover the cost of the card. The remaining $35,000 is a credit in the customer’s account. The card also has a $2,000 annual fee.

Anyone purchasing the card will receive some additional perks like an iPhone, $250,000 worth of life and health insurance, and special access to airport lounges.

Since the card does not have a magnetic strip, customers cannot use it in a machine–they’ll have to use the “regular” plastic card for those transactions.

This entry was posted in Credit Card News , Consumer Tips and tagged credit cards , gold card , Kazakhstan , Sherbank

The information contained within this article was accurate as of November 7, 2012. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.