# Luxury Credit Memberships Magnises Credit Card is Designed for Youthful Age Groups By M | Published 2014-09-17 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/Credit-Membership References: [buzzfeed](http://www.buzzfeed.com/alisonvingiano/magnises-credit-card) & [nypost](http://nypost.com/2014/07/05/the-22-year-old-dropout-who-created-nycs-most-exclusive-credit-card/) Young entrepreneur Billy McFarland designed an [exclusive credit membership](https://www.trendhunter.com/trends/cobranded-credit-card) called Magnises that is catered specifically to a youthful demographic. The Magnises company simply builds off of your existing credit card by allowing consumers to take part in an [posh and private membership club](https://www.trendhunter.com/trends/proper-club). The Magnises credit card is an attempt to create a shopping experience that favors opulence and excessive buying. Members must pay a monthly fee to be a part of the Magnises membership as well as answer a series of questions that look to expect how much you spend and where you're spending your money. The idea is that the Magnises is meant to be a club for [luxurious shoppers](https://www.trendhunter.com/trends/andrew-harper) that want to be a part of a private posh club of sorts. ## Trend Insights (Trend Hunter) - Score: 5.8/10 - Popularity: 72% | Activity: 93% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [Retail](https://www.trendhunter.com/retail) ## Key Themes ### What's Driving This Trend - **Luxury Credit Memberships:** The trend for exclusive credit memberships catering to a youthful demographic, offering a private posh club experience. - **Excessive Buying Experience:** The trend for a shopping experience that favors opulence, targeted towards luxe shoppers. - **Personalized Credit Cards:** The trend for credit cards that can be built off existing cards and require answering a series of questions to personalize the card for individual preferences. ### Who This Affects Most - **Finance:** Opportunities for finance companies to offer personalized credit membership experiences geared towards youth. - **Luxury Retail:** Opportunities for retail companies to create a luxury shopping experience targeting extravagant spending and club memberships. - **Fintech:** Opportunities for fintech companies to offer personalized credit membership experiences and apps to track spending habits of youth. ## Related on Trend Hunter - [Luxury Lifestyle Credit Cards](https://www.trendhunter.com/trends/luxury-lifestyle-credit-card.md) - [Luxury Resale Memberships](https://www.trendhunter.com/trends/rebag-membership.md) - [Ultra-Luxurious Bejeweled Cards](https://www.trendhunter.com/trends/billionaire-card.md) - [Invite-Only Membership Programs](https://www.trendhunter.com/trends/nylon-membership.md) - [Loyalty Rewards Managers](https://www.trendhunter.com/trends/magnify.md) - [Custom Metal Credit Cards](https://www.trendhunter.com/trends/carbon-co-skin.md) - [Housing Rewards Credit Cards](https://www.trendhunter.com/trends/bilt-card-20.md) - [Luxury Experience Clubs](https://www.trendhunter.com/trends/taste-club.md) - [Student-Focused Credit Cards](https://www.trendhunter.com/trends/neu-1.md)