27 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Isle of Man bullion vault issues solid gold credit card

04 June 2014  |  9475 views  |  1 Gold card

The operator of a bullion vault on the Isle of Man is to issue a credit card made of solid gold that enables customers to draw down cash on their holdings of the valuable metal.

The 14-carat Visa gold card from IMGold will be made available to clients who have at least £100,000 of the metal bars in their vault. The idea is that customers can use the card to borrow against their reserves, effectively hedging against a decline in the value of gold.

IMGold is currently inviting applicants for the blinged up store of wealth under the slogan: 'The card that carries more weight'.

The Isle of man is some way behind Kazakhstan's oligarchs, who have been brandishing gold and diamond-encrusted cards for some year now. MasterCard and Kazkommertsbank introduced their own diamond-encrusted card in the province back in 2008. This was followed in 2012 by the launch of Visa Infinite Exclusive cards - made of pure gold, with pearl embossing and 26 diamonds - by Sberbank for its top 100 customers in the energy-rich country.

Comments: (1)

A Finextra member
A Finextra member | 04 June, 2014, 16:35

Let's hope that the extra conductivity of the gold in the card doesn't trip the anti-tamper mechanism in the pin pad!

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Kazakhstan bank ships diamond-encrusted credit card

Kazakhstan bank ships diamond-encrusted credit card

01 November 2012  |  13911 views  |  10 comments | 16 tweets | 9 linkedin

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57556 views comments | 17 tweets | 36 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
10422 views comments | 45 tweets | 28 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
10230 views comments | 31 tweets | 40 linkedin
hands typing furiouslyTwo key technologies driving Machine Learn...
7531 views 0 | 12 tweets | 3 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job