Foreign Bank To Issue Diamond-Inlaid Credit Card
The central Asian country of Kazakhstan recently had to bail out its biggest banks. Now one bank plans to issue a credit card called Diamond. This new MasterCard is inlaid with a diamond and has a credit limit of $50,000. The annual fee is $1,000 —though the cardholder gets a full-time personal manager.
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RENEE MONTAGNE, host:
Our last word in business today comes from Kazakhstan. And that word is diamond. The central Asian country recently had to bail out its biggest banks - sounds familiar. But one of those banks plans to issue a new credit card next week called Diamond. This new MasterCard is inlaid with a diamond and has a credit limit of a $50,000. The annual fee is $1,000 - though you get a full-time personal manager along with that. One bank official says the crisis is also affecting us, but we're talking about rich people. They can afford to have such cards. It's a question of prestige. And that's the business news on Morning Edition from NPR News. I'm Renee Montagne.
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