Persons, everywhere, are interested and curious what it is like to become a Magnises’ Cardholder. It does not matter the social circle, either. The next article focuses on Billy McFarland’s creation Magnises:
A question arises in the upper-realm social circles: Is it not practical to incorporate a Very Important Person social life with that of spending that matches the VIP lifestyle? Well, in answer to the inquiry, there is a credit card, specifically, for the person, with a VIP social lifestyle.
Many individuals are doing tail-spins over Magnises. It is a black card and created by the technical wonder-genius, Billy McFarland. The card, is well-positioned, to change how the consumer reviews rewards with regard to credit cards.
So is the rival American Express?
Many persons, when engaged in social conversation, mention American Express. A good deal of the general public, truly believe, that American Express has performed well, as to its ability to market credit cards, which are considered upper-echelon credit cards. However, when it comes to rewards and perks, there is not much to say, as far as most persons are aware, in the way of social rewards, as to card use.
This is especially true for persons that are younger—in the range of twenty-two years of age to thirty five years of age. According to The Guardian, the preceding statement, although, not specifically verbatim, was conveyed by Billy McFarland. Mr. McFarland, added, that the American Express card, really does not have a communal element. However with his credit card product, Mr. McFarland has corrected the preceding issue.
The Magnises Card is more about a network of younger community members, than it is about the card—per se. The card is a derivative of the New York marketplace. The card has found its way into the hands of young investment bankers, fashion-designers, on their way up the “fashion-industry” ladder; well-known young persons, that inhabit the media industry, as well as technical literate professionals.
The Magnises Card is, fundamentally, important to this diverse, young group, due to the fact it connects each of them, by way of their daily living and ancillary, personal lifestyles.
Persons wonder: How did the name Magnises come about? The name Magnises is a made-up name; and naturally, was previously launched to a very receptive crowd. However, that said, the next inquiry that comes to mind is: Is it the right Card for me? The following details, provide insights about the card, in determining, whether or not, it is the best card for the individual reading this post:
1— Magnises is not truly a traditional credit card. It functions, though, by using the preferred debit or credit card of the user. The activation of the Magnises card occurs, by way of providing activation of the user’s preferred credit or debit card to that of the heavier weight Magnises card. The Magnises card, once it is activated, is used as a payment tool by the client.
2—The Magnises card is for New Yorkers—specifically. Magnises is focusing on the New York marketplace. Persons, who enjoy the use of the Magnises payment tool, are each enjoying their respective lifestyles in the New York area. The preceding information (not verbatim) was shared with the general media by Billy McFarland. The card, then, conclusively, is a very niche payment tool.
3–The profile of the Magnises cardholder, ranges between the years of twenty-one years of age, and twenty-nine years of age, which is a unique, niche group. The age group,–Yes, is noticeable, since the age range of Magnises, mentioned, is around 85% of the total populace; for the area. However, outside the age range, mentioned, there is truly no other type of member characteristic.
Additionally, there is not a focus as to the member’s income or his or her employment position. (Again, the information was offered by McFarland—and, is not, precisely, verbatim.) The card, as stated from the beginning, of the post, is relative to how each respective member is going to take advantage of the card’s social perks.
4–The annual fee of the Magnises card is $250. The process of becoming a member, involves the filling out of a virtual application, located on the Magnises’ site, and then there is a phone interview.
5–The perks of the Magnises card evolves around the social lifestyle of the cardholder. The Magnises card, comes complete, with that of fifty partnerships. The partners perform duties for the Magnises car holder, such as personalized tasks, in the way of a personal driver—who is familiar where the card member lives and is employed, to that of private physical fitness trainer, located at larger athletic establishments. The Magnises card membership, too, includes a positive future of hosting member-only engagements, such as dinners, prepared by well-known culinary specialists; terrific, easy-going Happy Hours, and seminars, and discussions of an educational nature.
6—The Magnises’ establishment has a townhouse available to its members and is located on Greenwich Avenue. The space is well-appointed with furnishings that prove highly contemporary. There are leather couches, within the West Village space, and very modern works of art.
The Greenwich Avenue location, is open daily, to cardholders. The cardholder is welcome to bring his or her client, to the space, share information about what is trending; talk about business, or whatever comes to mind, with that of other Magnises’ members; engage in discussions and a libation or watch sporting events on television. The townhouse, in the West Village, then, is a clubhouse for members of the Magnises card.
7—Billy McFarland is the individual, who established the Magnises card and concept. Billy McFarland, prior to his establishment of Magnises, was establishing technical companies—that is, prior to his studies associated with computer engineering. He studied computer engineering at Bucknell University. Billy McFarland, is one of the youngest persons, on record, to successfully raise venture capital. Billy, left his school schedule, next, in order to begin a content engagement consulting organization—known as Spling. The client list of Spling is an impressive one and is inclusive of Discovery and Universal, among other well-recognized corporations. After his start-up of Spling, the beginning of Magnises occurred—a short time, thereafter.
8—The Magnises’ investors and advisers are clever individuals. In example, one wise, savvy investor is Lance Weaver, who is the Ex-Chairman of MasterCard. Additionally, the former CEO and President, Bill Gray of Oglivy & Mather is another investor. Other investors, on Magnises’ list are just as impressive as Weaver and Gray.
9—Magnises is not trying to become another American Express, according to McFarland.
In effect, the opposite is true: Magnises is merely trying to work alongside of companies, such as American Express. Magnisies is about community. And, in fairness, hotel perks and usefulness, with regard to flight travel, by making use of an American Express card, is a given. However, the preceding is not what the Magnises payment tool is about: It is more about attempting to engage the community in a socially, healthy way, within the city-scape wherein the Magnises’ member resides, as is evidenced, within the content above.