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(NYPost)   Douchebag Express - don't leave your mansion without it   ( nypost.com) divider line
    More: Silly, concierges  
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5236 clicks; posted to Business » on 05 Jul 2014 at 2:37 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-07-05 11:43:02 AM  
Douchebag doesn't begin to cover it. People who think like this have nothing to offer humanity. Kill them and use their bodies for fertilizer.
 
2014-07-05 11:55:49 AM  
Was that an Onion article?
 
2014-07-05 01:48:23 PM  

postnobills: Douchebag doesn't begin to cover it. People who think like this have nothing to offer humanity. Kill them and use their bodies for fertilizer.


It's classic marketing. Start it up like this, and as soon as you've saturated your initial target market and achieved cachet, you drop the requirements for membership by orders of magnitude and cash out.
 
2014-07-05 02:15:19 PM  
The thing is, Magnises isn't actually a credit card. It operates as an extension of a pre-existing credit or debit account: A designated card's magnetic-strip data is duplicated onto the Magnises card.

Oh for Fark's sake.

I've paid off all my cards and only keep them in case I need an emergency line of credit.  I can't tell you how good it feels to be almost out of debt (still aggressively paying off the car, will be debt-free in 3 months).
 
2014-07-05 02:27:48 PM  
People who make the cut for this card don't own mansions, subby.  Daddy does.
 
2014-07-05 02:44:36 PM  
I already have an exclusive credit card. It's called Discover. It's accepted in only 50 locations and a few Providence strip clubs.
 
2014-07-05 02:48:02 PM  
Who'd want an exclusive card accepted at 4 places?
 
2014-07-05 03:00:50 PM  
It won't matter to The National Razor if their snotty little card is made from steel.
 
2014-07-05 03:04:09 PM  
i.ytimg.com

I've heard of something like this before......
 
2014-07-05 03:16:43 PM  

Rustico: Was that an Onion article?


The Post wishes it had the journalistic integrity of The Onion.
 
2014-07-05 03:19:59 PM  
"When I get out of work early, I'll go to the townhouse and get oysters and cocktails," says the 23-year-old from Chelsea who works in business planning. "I wanted someone to curate my life for me."

People like this make me glad I only have to work in Manhattan rather than live there.
 
2014-07-05 03:23:43 PM  

What an innovative scam!

From the article:
The thing is, Magnises isn't actually a credit card. It operates as an extension of a pre-existing credit or debit account: A designated card's magnetic-strip data is duplicated onto the Magnises card.
...
So how many people have moved out of luxury card limbo?
"No one's gotten off the wait list yet."


So, in theory, he basically charges you extra for using your own, pre-existing credit or debit account, mines your usage data to sell back to the folks, and in return you get access to "perks" that, basically, paint you as a larger than usual douchebag. A third-party affinity program, with remarkably limited usage and exposure, with VC backing from credit providers eager to exploit the data mining possibilities.

Oh, that doesn't actually exist yet. In practice, no one has this particular "product", because it's not yet off the ground - he can't find enough people interested in taking what amounts to a scam yet.

This is a press release masquerading as an "article," to further the scam of a douchebag looking to farm other douchebags for fun & profit.
 
2014-07-05 03:37:33 PM  

FormlessOne: So, in theory, he basically charges you extra for using your own, pre-existing credit or debit account, mines your usage data to sell back to the folks


It's not even that advanced. It's just a copy of a real card. shiat, at this rate I could order some blacked out cards with black mag stripes and encode my own credit card. Or someone elses.
 
2014-07-05 03:49:04 PM  

Tom_Slick: [i.ytimg.com image 480x360]

I've heard of something like this before......


Much more appropriate here:

t.fod4.com


http://www.funnyordie.com/videos/bb55b081bd/player-with-yourselves-c lu b
 
2014-07-05 04:04:24 PM  
So my Visa isn't hip anymore?
 
2014-07-05 04:13:26 PM  

skinink: I already have an exclusive credit card. It's called Discover. It's accepted in only 50 locations and a few Providence strip clubs.


No doubt. Discover sends me a pre approved, high limit credit card offer almost weekly. How about you're accepted at more than like 40% of establishments before you start sending these things out?
 
2014-07-05 04:32:49 PM  

cig-mkr: So my Visa isn't hip anymore?


Is it a Visa Black? Otherwise, no.

assets.nerdwallet.com
 
2014-07-05 04:40:23 PM  
The Short Hills, NJ, native - the son of two real-estate developers...

The poor kid. He never stood a chance.
 
2014-07-05 05:13:36 PM  

Benevolent Misanthrope: The thing is, Magnises isn't actually a credit card. It operates as an extension of a pre-existing credit or debit account: A designated card's magnetic-strip data is duplicated onto the Magnises card.

Oh for Fark's sake.

I've paid off all my cards and only keep them in case I need an emergency line of credit.  I can't tell you how good it feels to be almost out of debt (still aggressively paying off the car, will be debt-free in 3 months).


farking-a, good for you.

/on the Dave Ramsey plan myself, got more than three months, though, before debt free.
 
2014-07-05 05:13:44 PM  
I'm guessing the only people who will be accepted will be 20-something aged white people who look like Abercrombie and Fitch models.
 
2014-07-05 05:26:56 PM  

FormlessOne: What an innovative scam!From the article:
The thing is, Magnises isn't actually a credit card. It operates as an extension of a pre-existing credit or debit account: A designated card's magnetic-strip data is duplicated onto the Magnises card.
...
So how many people have moved out of luxury card limbo?
"No one's gotten off the wait list yet."

So, in theory, he basically charges you extra for using your own, pre-existing credit or debit account, mines your usage data to sell back to the folks, and in return you get access to "perks" that, basically, paint you as a larger than usual douchebag. A third-party affinity program, with remarkably limited usage and exposure, with VC backing from credit providers eager to exploit the data mining possibilities.

Oh, that doesn't actually exist yet. In practice, no one has this particular "product", because it's not yet off the ground - he can't find enough people interested in taking what amounts to a scam yet.

This is a press release masquerading as an "article," to further the scam of a douchebag looking to farm other douchebags for fun & profit.


I, for one, whole-heartedly endorse the fleecing of douchebags.

People with more money than sense are an excellent marketing opportunity. Just ask anyone who ever ran a high-dollar Ponzi scheme.
 
2014-07-05 05:47:21 PM  

flaminio: cig-mkr: So my Visa isn't hip anymore?

Is it a Visa Black? Otherwise, no.

[assets.nerdwallet.com image 250x157]


They offered, but it sounded racist to me,
 
2014-07-05 06:01:03 PM  
Meh, once the states catches up to the rest of the world with chip-on-card tech this guy's business model is finished.  Until then keep fleecing hipsters and/do douchebags with more money then style and bang your middle-shelf office girls buddy.
 
2014-07-05 06:04:20 PM  
It's not a credit card, it's a pay-for-admission club for the 20-something children of rich people around NYC.

Congrats to the founder for putting something like that together - most hucksters with the gift of gab end up selling Metabolife in the suburbs while working out of their parents basements, but he actually took his people skills and made serious money with it.  He probably bangs hotter chicks than you, too.
 
2014-07-05 06:05:37 PM  
How about no, I do not live in New York and i do not travel there and even if i do i do not need nor want this card for aspiring cast members of  Jersey shore 2: New York Boogaloo.
 
2014-07-05 06:30:22 PM  
that's hilarious, it's a membership card
 
2014-07-05 06:31:04 PM  

BumpInTheNight: Meh, once the states catches up to the rest of the world with chip-on-card tech this guy's business model is finished.  Until then keep fleecing hipsters and/do douchebags with more money then style and bang your middle-shelf office girls buddy.


Exactly. Or until a suspicious retailer phones the card company fraud line and they ask what the card looks like. The moment they realise it is clearly not their card the cops will be on their way and they will ask the store to keep the card. Retailers can and do retain cards when the card company asks them to, and they can do so because the card remains the property of the card company. How will one of these hipsters react when a store cuts their precious card in half?
 
2014-07-05 06:34:38 PM  

cig-mkr: flaminio: cig-mkr: So my Visa isn't hip anymore?

Is it a Visa Black? Otherwise, no.

[assets.nerdwallet.com image 250x157]

They offered, but it sounded racist to me,


Now that's a card that can get you lots of free stuff:

talk2q.files.wordpress.com
 
2014-07-05 07:08:07 PM  

flaminio: cig-mkr: flaminio: cig-mkr: So my Visa isn't hip anymore?

Is it a Visa Black? Otherwise, no.

[assets.nerdwallet.com image 250x157]

They offered, but it sounded racist to me,

Now that's a card that can get you lots of free stuff:

[talk2q.files.wordpress.com image 640x379]


Eh, no thanks. This one made a wayyy better offer:

www.tfmetalsreport.com
 
2014-07-05 07:14:06 PM  
" the son of two real-estate developers - launched his first startup (a service that matched Web sites and designers) at 13, .."


The word we are looking for is: bootstraps
 
2014-07-05 07:21:50 PM  

Sid_6.7: postnobills: Douchebag doesn't begin to cover it. People who think like this have nothing to offer humanity. Kill them and use their bodies for fertilizer.

It's classic marketing. Start it up like this, and as soon as you've saturated your initial target market and achieved cachet, you drop the requirements for membership by orders of magnitude and cash out.


It may be classic marketing, but the kind of people who are attracted to it are the absolute worst of the human race. Their only value to the rest of us are the raw chemical components of their bodies.
 
2014-07-05 08:16:30 PM  
I'm finally working the whole credit card system to my benefit, after 30 years.   Anyway, my current card works most everywhere I go, and I end up with about $500 at the end of the year.  And it costs me about $75/year membership fee.  Weeee!
 
2014-07-05 08:27:16 PM  
I got to see a black card once. It was pretty cool. It was made of titanium and had a bit of heft to it. It really catches your attention. You also have to be filthy rich to get one, the average Black cardholder has $16.3 million in assets and an annual household income of $1.3 million. One guy bought a Bombardier Challenger private jet with his card.
 
2014-07-05 08:57:17 PM  

flaminio: cig-mkr: flaminio: cig-mkr: So my Visa isn't hip anymore?

Is it a Visa Black? Otherwise, no.

[assets.nerdwallet.com image 250x157]

They offered, but it sounded racist to me,

Now that's a card that can get you lots of free stuff:

[talk2q.files.wordpress.com image 640x379]


You have to paranoid schizophrenic to get that.
 
2014-07-05 08:58:57 PM  
i1172.photobucket.com
 
2014-07-05 08:59:34 PM  
Barnum's Axiom still prevails.
 
2014-07-05 09:30:49 PM  

antron: [i1172.photobucket.com image 552x339]


I'd like one of those. Funny and apposite.
 
2014-07-05 10:01:21 PM  

Flint Ironstag: BumpInTheNight: Meh, once the states catches up to the rest of the world with chip-on-card tech this guy's business model is finished.  Until then keep fleecing hipsters and/do douchebags with more money then style and bang your middle-shelf office girls buddy.

Exactly. Or until a suspicious retailer phones the card company fraud line and they ask what the card looks like. The moment they realise it is clearly not their card the cops will be on their way and they will ask the store to keep the card. Retailers can and do retain cards when the card company asks them to, and they can do so because the card remains the property of the card company. How will one of these hipsters react when a store cuts their precious card in half?


Hipsters? Holy shiat that word means nothing anymore.

/It does not mean "white person I do not like"
 
2014-07-05 10:20:38 PM  

img.fark.net
Cardholder #2

 
2014-07-05 10:21:26 PM  

Moopy Mac: Flint Ironstag: BumpInTheNight: Meh, once the states catches up to the rest of the world with chip-on-card tech this guy's business model is finished.  Until then keep fleecing hipsters and/do douchebags with more money then style and bang your middle-shelf office girls buddy.

Exactly. Or until a suspicious retailer phones the card company fraud line and they ask what the card looks like. The moment they realise it is clearly not their card the cops will be on their way and they will ask the store to keep the card. Retailers can and do retain cards when the card company asks them to, and they can do so because the card remains the property of the card company. How will one of these hipsters react when a store cuts their precious card in half?

Hipsters? Holy shiat that word means nothing anymore.

/It does not mean "white person I do not like"


Who said anything about white?
 
2014-07-05 10:45:46 PM  
But do they take bitcoin?
 
2014-07-05 10:51:29 PM  
This isn't anything new or special at all.  Dinner clubs, town clubs, driving clubs, etc. etc.  They all exist for a place to feel like home away from home.  All this is is a town club without a specific location?
 
2014-07-05 11:11:32 PM  

Tobin_Lam: I got to see a black card once. It was pretty cool. It was made of titanium and had a bit of heft to it. It really catches your attention. You also have to be filthy rich to get one, the average Black cardholder has $16.3 million in assets and an annual household income of $1.3 million. One guy bought a Bombardier Challenger private jet with his card.


My old employer had some type of amex black I used a lot. It was fun to make $100k+ purchases, but kind of weird.
 
2014-07-05 11:13:05 PM  

Tobin_Lam: I got to see a black card once. It was pretty cool. It was made of titanium and had a bit of heft to it. It really catches your attention. You also have to be filthy rich to get one, the average Black cardholder has $16.3 million in assets and an annual household income of $1.3 million. One guy bought a Bombardier Challenger private jet with his card.


How much free money does AmEx get to skim off those transactions? This is how you make money in DoucheVille -- insert yourself into a high-value transaction, skim a tiny percent of the gross, and take home a big fat paycheck for doing almost nothing.

Makes sense that this guy comes from a family of real estate agents.
 
2014-07-05 11:35:20 PM  

nytmare: Tobin_Lam: I got to see a black card once. It was pretty cool. It was made of titanium and had a bit of heft to it. It really catches your attention. You also have to be filthy rich to get one, the average Black cardholder has $16.3 million in assets and an annual household income of $1.3 million. One guy bought a Bombardier Challenger private jet with his card.

How much free money does AmEx get to skim off those transactions? This is how you make money in DoucheVille -- insert yourself into a high-value transaction, skim a tiny percent of the gross, and take home a big fat paycheck for doing almost nothing.

Makes sense that this guy comes from a family of real estate agents.


Or charge an annual membership fee. There a guy in Portland I know who makes a living seeking a membership card to "urban VIPs" that gets you free admission to a few trendy clubs, free bowling shoes at Grand Central, and a small discount on food at a few other groups.

Most people pay for the membership but never use it.

I get my card for free, so if I use it one a year why not take one? Thanks trust fund kids, that is why I'm at your bars and bowling alleys.
 
2014-07-06 12:38:19 AM  

Flint Ironstag: BumpInTheNight: Meh, once the states catches up to the rest of the world with chip-on-card tech this guy's business model is finished.  Until then keep fleecing hipsters and/do douchebags with more money then style and bang your middle-shelf office girls buddy.

Exactly. Or until a suspicious retailer phones the card company fraud line and they ask what the card looks like. The moment they realise it is clearly not their card the cops will be on their way and they will ask the store to keep the card. Retailers can and do retain cards when the card company asks them to, and they can do so because the card remains the property of the card company. How will one of these hipsters react when a store cuts their precious card in half?


It's a metal card. It would be fun watching them try.
 
2014-07-06 02:26:33 AM  
This guy isn't hurting anyone except maybe some upper middle class fools who are easily parted from their money. You guys don't realize that it makes you look jealous when you call a guy a douchebag just because he came up with an idea and marketed it and now is surrounded by hot girls. What do you think is going to happen here? Are you fantasizing that the girls in the pictures are going to read this thread and have an epiphany that the successful guy they're sleeping with is an asshole and leave him to come over to your house and hang out in your backyard throwing rocks at bottles?
 
2014-07-06 02:37:31 AM  

Tommy Moo: Are you fantasizing that the girls in the pictures are going to read this thread and have an epiphany that the successful guy they're sleeping with is an asshole and leave him to come over to your house and hang out in your backyard throwing rocks at bottles?


Those girls aren't even that attractive for someone trying to sell the high life in farking NYC.
 
2014-07-06 08:31:02 AM  
The thing is, Magnises isn't actually a credit card. It operates as an extension of a pre-existing credit or debit account: A designated card's magnetic-strip data is duplicated onto the Magnises card.

So people are basically paying $250 a year for a duplicate of a card they already have with different picture on the front? That's incredibly stupid.
 
2014-07-06 08:39:24 AM  
I love the hatred in this thread. The creator of this card and his hot female friends love the nourishment provided by the sweet sweet tears of the haters and class warriors. This is a great idea and it's cool that this guy had the brains and balls to pull something like this off.

If I had the means, I'd join in a second.
 
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