Jay Hancock's blog: Platinum MasterCard members, be not proud - Business news: Stock markets, banks and economic observations with columnist Jay Hancock

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November 26, 2007

Platinum MasterCard members, be not proud

While we were gone for Thanksgiving, the college kid got five credit-card offers. All of them blew blue smoke abouut how exclusive they are and how not just anybody can qualify. American Express Gold Card: "The road to financial success has many milestones marking how far you've come. You've just reached one such milestone. You're selected for the American Express Preferred Rewards Gold Card." Platinum MasterCard: "Carry PLATINUM. Command RESPECT." Etc.

All this for a kid who will earn less than $5,000 this year. The road to financial succes DOES have many milestones. One of them is the very first time you tell the Platinum MasterCard people to jump in a lake.

Posted by Jay Hancock at 10:32 AM | Permalink | Comments (0)

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter