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Bejeweled Credit Cards

Kazakh Diamond Mastercard

— November 3, 2008 — Luxury
It looks like Kazakhstan is flaunting immunity to the credit crunch with a new diamond MasterCard.

Although this is not the first card to sport jewels (the diamond-studded Royale MasterCard for Dubai’s elite already did that), there is no shortage of exclusive, fantastic plastic. Witness the American Express Black Card, GK Power’s high-concept cards, the $5M Holiday Dream Card, and the very exclusive Sotheby’s MasterCard, just to name a few.

Lest your wallet yearns one more, here is the Diamond.

Home to Central Asia’s largest economy, Kazakhstan has a two tier banking system, and it seems they are banking on their immunity from the credit crisis.

MasterCard and Kazkommertsbank, the second largest bank in Kazakhstan, are set to issue a MasterCard credit card adorned with gold and diamonds, with a $50,000 credit limit.

The ‘Diamond,’ sports a picture of a peacock for female cardholders, and a winged horse for men, with both versions displaying a 0.02-carat gem.

The targeted VIP customers will have to ante up an annual fee of $1,000, and the cards will be available November 13. Issues are limited to 30 per month.

“The [financial] crisis is also affecting us but we are talking about rich people, they can afford to have such cards,” says Alla Voyakina, Head of International Payment Systems on the card. “It’s a question of prestige to have such cards in your wallet.”

The Kazakh card also comes with a personal card “manager”, available around the clock.