How can an annual fee for a credit card be $495?

I read quite a bit. Thank you for telling me that this card from Barclay's existed. I understand what they are doing.

This card seems to give the ultra wealthy a sense of security. Looks like its a no limit card, so the powerfull can just buy a car. This company is actually making a profit. Since wealthier people charge larger amounts and Barclay's gets 1% from all purchases from the merchant.

Smart thinking in a way. Oh, what it must be like to be that rich. Next lifetime.

Actually, I have heard of a very exclusive one that has like a ten thousand dollar annual fee but it has a lot of perks and no limit.

because you get lots of benefits like airport club access, someone to set up appointments/reservations etc for you (almost a personal assistant), etc...

Seems fine for the busy traveler who wants someone to do a lot of planning for them.

what i'd do is report this as a scam & drop that card like a hot potato. u can also get a good smart atty

Only if you're dumb enough to pay it.