Is anyone familiar with this "NEW" Card from BofA just announced? Has anyone been offered this card yet, or participated in the Pilot program?

http://biz.yahoo.com/rb/070611/banko...card.html?.v=1

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Bank of America creates credit card for wealthy
Monday June 11, 12:48 am ET

NEW YORK (Reuters) - Bank of America Corp. (NYSE:BAC - News) on Monday introduced a credit card designed for many of its wealthiest clients, in a bid to retain and win new business as banks ratchet up their pursuit of affluent customers.

The Bank of America American Express Accolades card is intended for customers who keep between $100,000 and $3 million of deposits and investments at the second-largest U.S. bank.

Holders may redeem points for such things as luxury vacations, cooking lessons with top chefs, and access to airport lounges, and may use "concierges" to track down hard-to-get concert tickets or dinner reservations. Customers may also redeem 250,000 points each year for a $2,500 charitable donation that the bank would match.

The Accolades card will carry an initial annual percentage rate of 12.24 percent, equal to 3.99 percentage points more than the prime rate. A 1.9 percent APR applies to balance transfers in the first year.

There is a $295 annual fee, but the bank said it will waive it for holders in its Family Wealth Advisors, Private Bank, or Premier Banking & Investment programs.