A new limited-edition card was launched in Dubai in partnership with Billionaire and Insignia, in collaboration with jewellery and watch designer Jacob & Co. The visa card is made using materials other than the traditionally used plastic and incorporates gold, diamonds and gemstones.
Arabian Business understood from a member of the Insignia team that the card is strictly for high-net-worth and ultra-high-net-worth individuals with a minimum spend requirement of $500,000 and a net worth of around $30 million and over.
Key benefits include personalisation and a premium quality card which are defined as “art” pieces and an “investment for life.” Cardholders are also provided with a dedicated personal assistant available 24/7 throughout the year, offering comprehensive assistance.
The Billionaire card offers exclusive access to global invite-only events and venues. In addition, cardholders enjoy complimentary perks, including a weeklong getaway at the luxurious Billionaire Resort & Retreat, Lion in the Sun, located in Malindi.
Calling themselves “wish granters,” Insignia boats a 98 percent success rate on fulfilling requests.
Full benefit list revealed
- A personal assistant available throughout the day and all through the year
- A loyalty programme with points redeemable against luxury goods and services
- Customised private aviation and preferential pricing
- VIP airport assistance, including management of customs, passport control, boarding, transfers, and duty-free shopping
- VAT refund programme: Processing eligible tax refunds on behalf of the cardholder and notifying you when credit gets applied to the card
- Complimentary LoungeKey membership: 1,000 airport lounges worldwide and two complimentary visits
- Insignia hotels collection: A vast array of exclusive value-added benefits and perks at leading properties worldwide
- Insignia connect: Special mobile phone roaming rates and access to gold numbers, latest tech and mobile accessories
- Insignia wine club: Sourcing wines for deliveries to cardholder’s yacht, planning vineyard tours or hosting private tastings and more
- Access to an exclusive online shopping platform where with rare, limited edition and hard-to-source premium goods
- 24/7/365 card and client servicing
- Large cash withdrawal limits
- Currency availability: Base currencies in USD, EUR, GBP, or CHF to avoid exchange rate fees while travelling
- Deferred payment billing cycle: Monthly billing allows 56 days without payment or fees
- A private online portal where cardholder’s employees can check balances and adjust necessary card settings
- Enhanced security against fraud and proactive card activity monitoring
- Emergency replacement card: Your card can be quickly replaced anywhere in the world in case of loss, theft, or damage
- Flexible spending limits
- Ability to authorise high-value transactions without pre-approval or delay
- Card is accepted at millions of merchants and ATMs in over 200 countries worldwide
- Premium travel; insurance: Includes cover for emergency medical expenses abroad up to €1m and personal liability up to €500k
- Purchase protection insurance: Includes extended warranty and safe online cover
- Exclusive invitations to special events held at Billionaire’s global venues and Twiga events
- Once a year, members will receive an exclusive invitation to a weeklong vacation at the Billionaire Resort & Retreat, Lion in the Sun, in Malindi
- Billionaire luxury hamper
- Complimentary gift from the exclusive collection of Ginori 1735
- Exclusive benefits provided by the Ferretti Group
- VIP greeting and priority booking at all venues
- Exclusive access to Aston Martin’s off-track experiences
- Access to the F1 Paddock Club Prive at all Formula 1 Grand Prix races
- Exclusive access to Spring Place events
The firm consciously caps and selects members to maintain exclusivity and ensure that members receive full personal attention. The website reads, “If you want a table at a fully booked restaurant, we’ll send a lifestyle manager to the establishment in person to charm a reservation out of the manager.”
“Say yes to the impossible” is a tagline frequently used by Insignia to describe the extent of the services.
Alongside the personal assistant comes an in-house team of luxury specialists and lifestyle managers.
The Insignia team has various cards under its provision including a jewellery card, glamour card, and billionaire jewellery card. The grape with rubies card, for instance, comes with pearl grapes, dotted rubies and jadeite.