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Kazakhstan's super-rich get diamond studded credit card

03 November 2008 Be the first to comment

Matt White

North America editor

Finextra

The FT reports the launch of a new Mastercard credit card in oil and mineral rich Kazakhstan. Big deal, you may say, but this is no ordinary piece of plastic - it's inlaid with a 0.02 carat diamond and laced with gold.

To be issued by Kazkommertsbank, the card has a $1000 annual fee and $50,000 credit limit.

Predictably, the FT points out the incongruity of such a ridiculous piece of bling being launched as the world's financial system goes into meltdown. Even more predictably, others can't resist crowbarring Kazakhstan's least favourite son, Borat, into the story.

This content has been created by the Finextra editorial team with inputs from subject matter experts at the funding sponsor.

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Matt White

North America editor

Finextra

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27 Nov 2006

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Toronto

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Kazakhstan's super-rich get diamond studded credit card

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