Posted inWealthBanking & FinanceLatest NewsUAE

New ‘Billionaire’ credit card launches for ultra-rich: Full benefits revealed

The card is strictly for high-net-worth and ultra-high-net-worth individuals upon careful selection by the team

Billionaire credit card
The card is for wealthy individuals who must spend at least $500,000 and have a net worth of around $30 million or more. Image: Shutterstock

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.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Nicole Abigael

Nicole Abigael is a Reporter at Arabian Business and the host of the AB Majlis podcast. She covers a diverse range of topics including luxury real estate, high-net-worth individuals, technology, and lifestyle...