Magnises is a New Credit Card Company That's Too Cool for School

By: Emilie Picillo - Published: Jul 8, 2014 • References: nypost and buzzfeed
Billy McFarland, creator of credit card company Magnises, is literally too cool for school. After dropping out of college the 22-ear old New York socialite decided to create his own credit card company that's super exclusive and selective of its members.

Originally from Short Hills, New Jersey, McFarland boasts that the card called Magnises is the hippest way to spend money as a young New Yorker. He and his staff of 11 hand-picked the privileged few who get a card, those that the New York Post label as "cool enough."

Unlike other black cards, which carry high fees and annual costs, Magnises' only requires annual dues of $250, though it's really just an extension of a pre-existing debit or credit card.