http://www.blackcard.com/
The new version still carries a $495 annual fee, but this time the card is made of Stainless Steel.
0% introductory APR on purchases for the first 12 months after account opening.
25,000 BONUS POINTS WHEN YOU SPEND $1,500 IN THE FIRST 90 DAYS. Reward points are worth $0.02 each if redeemed for airfare through their agency, otherwise $0.01 each.
Cardmembers can redeem points for 1% value on cash back, gift cards and merchandise. Cash back is provided in the form of an account credit. Cardmembers will receive 2% value when purchasing airline tickets through our Exclusive Rewards Program, and there is no minimum point requirement. For example, 15,000 points can be redeemed for a 1% statement credit toward a purchase of $150 or more; and when redeeming points for airline ticket purchases through our Exclusive Rewards Program, your points will double in value and 15,000 points can be used to purchase an airline ticket for $300.
Their initial ad focus on the value of a point compared to American Express Platinum and Citi Prestige. The comparison does not mention that Prestige earns Flight Points which effectively doubles the points per dollar.
No foreign transaction fees.
Airport Lounge access benefit sounds to be a Lounge Club membership:
Cardmembers receive complimentary membership and unlimited visits to over 350 lounges in 200 cities worldwide with our VIP airport lounge program
.
Concierge service is apparently provided by VIPDesk
The previous version of this card was not well received. Discussion here:
http://www.flyertalk.com/forum/credi...ighlight=black