At an annual fee of €330, the Société Générale Visa Infinite Card caters to affluent clients with its blend of elite services and extensive insurance coverage.
Who qualifies for this esteemed Black Card, what are the prerequisites, and how can one apply?
To uncover these details and understand the application process, continue reading this article as we reveal this card's features.
Price of Société Générale’s VISA Infinite
Société Générale's Visa Infinite card, often referred to as the "Black Card," is designed for affluent clients with an annual income of at least €60,000.
The card offers a range of exclusive benefits, which is reflected in its annual fee of €300.
In addition to the base fee, there are various charges that may apply depending on usage:
- Monthly account maintenance: €2
- Inactive account fee: €30/year
- Dynamic crypto option: €12/year (enhances security by changing the CVV code every hour)
- Bank transfer fee: €5 (free if done online)
- Instant transfer fee: €0.80 per transfer (funds received within 10 seconds)
- Secret code change fee: €10
- Withdrawal outside the eurozone: €3 plus 2% of the amount
- Payment outside the eurozone: 2% of the amount (if under €10) or 2% + €1 (for payments over €10)
Despite the premium service, there are numerous fees, especially for those who travel frequently.
However, these costs can be mitigated by subscribing to the Sobrio banking package at €27.90/month, which includes:
- Société Générale card
- Insurance
- Direct access to online accounts
- No account maintenance fees
- Reduced fees on certain products (e.g., the crypto-dynamic option)
Advantages and Disadvantages of the Société Générale Black Card?
The Black Card is known for its high payment limits, premium concierge services, and lower fees for transactions in the euro zone.
However, its higher fees for non-euro transactions might deter some customers from selecting this card for their banking needs.
Advantages of Société Générale Black Card:
| Advantage | Details |
|---|---|
| Visa Infinite insurance | Comprehensive travel insurance coverage for international trips. |
| Authorized overdraft | Accessible upon request. |
| Cashback and partner benefits | Rewards and benefits from exclusive partners. |
| Options | Choose from dynamic crypto, e-Carte Bleue service, or custom PIN. |
Disadvantages of Société Générale Black Card:
| Disadvantage | Details |
|---|---|
| High annual fee | The card comes with a significant yearly cost. |
| No Google Pay | The card does not support mobile payments via Google Pay. |
| Expensive for international travel | High fees for non-euro transactions. |
Other Advantages:
- 24/7 customer service and concierge.
- Visa Privilege club with exclusive event invitations.
- Withdrawals up to €15,000 per week and payments up to €300,000 per month.
- Free withdrawals in the euro zone.
- Immediate or deferred debit options.
- Contactless payments up to €50.
How to Apply for the Société Générale Visa Infinite Card
Follow these steps to apply:
- Eligibility Check: Confirm you meet the income and asset requirements.
- Application Form: Fill out the application form online or at a branch.
- Document Submission: Provide necessary documents, such as proof of income and ID.
- Approval Process: Wait for the bank's review and approval.
- Card Activation: Activate your card upon receipt and set up your PIN.
Conditions of the Société Générale visa infinite card: who can have the black card?
To obtain Société Générale's Visa Infinite card, a prestigious option, you must meet certain criteria.
- Monthly Income: Firstly, you need to have a substantial monthly income, typically around €5,000 or more.
- Account: Additionally, having an existing account with Société Générale is necessary for the bank to consider your request for this card or a Visa Premier card.
The Visa Infinite card is not just about financial transactions; it also provides access to high-end insurance and assistance services. To benefit from the card's insurance, you must use it for your transactions.
Key assistance services included with the card are:
- Transport for repatriation
- Returning insured companions
- Bedside presence during hospitalization
- Accommodation costs coverage
- Extension of accommodation fees
- Stay extension fees
- Sending an interpreter
- Daily monitoring
- Support for children under 15
- Transport and care of domestic animals
- Advance of hospitalization costs
- Extra reimbursement of medical expenses
- Urgent message transmission
- Reimbursement of phone charges
- Insured's death - Body transport
- Insured's death - Return of other insureds
- Replacement driver
- Insured's early return
- Assistance in legal matters (advance of bail, attorney's fees)
- Administrative procedure assistance
- On-site cost advance
- Document routing
- Medicine delivery
- Delivery of glasses, lenses, or hearing aids
And here is Société Générale Black Card's takes in terms of insurance:
1. Coverage for Travel
- Pre-Travel Assistance: Helps with administrative formalities and consular procedures.
- Eligibility: Family members, including grandchildren under 25, and ancestors or descendants living together.
2. Medical Emergencies
- Cost Coverage: Includes transportation, medical, and hospitalization expenses up to €155,000, and support for children under 15.
- Family Coverage: Applies to close family and specified relatives.
3. Legal Assistance Abroad
- Financial Support: Advances for criminal bail up to €16,000 and lawyer's fees up to €16,000, with a specific coverage of €3,100.
- Eligibility: Family members as defined earlier.
4. Death
- Repatriation: Covers the costs of repatriation and transport of the body and coffin up to €1,000.
- Family Coverage: Same as above.
5. Public Transport Accidents
- Compensation: Up to €620,000 per family for accidents on public transport.
- Family Coverage: Same as above.
6. Rental Vehicle Accidents
- Compensation: Up to €92,000 per family for rental vehicle accidents.
- Family Coverage: Same as above.
7. Trip Modifications or Cancellations
- Coverage: Up to €10,000/year for remaining costs due to illness, accident, job loss, or serious material damage.
- Family Coverage: Same as above.
8. Transport Delays and Baggage Issues
- Reimbursement: Up to €840 for essential expenses due to delays or baggage issues.
- Family Coverage: Same as above.
9. Baggage Loss, Theft, or Damage
- Compensation: Up to €1,800 per baggage, plus up to €1,600 for theft from a hotel.
- Family Coverage: Same as above.
10. Civil Liability Abroad
- Coverage: Up to €1,525,000 for material damage and €4,600,000 for bodily harm.
- Family Coverage: Same as above.
11. Rental Vehicle Coverage
- Protection: Covers theft and damage for rentals less than 31 days.
- Eligibility: All travelers listed as drivers on the rental contract.
12. Snow and Mountain Guarantee
- Assistance: Covers rescue, hospitalization, equipment theft or damage, and unused ski passes or lessons.
- Family Coverage: Same as above.
13. Purchase Protection
- Reimbursement: Up to €1,500 per item damaged or stolen within 30 days of purchase, with a yearly cap of €6,000 for items over €75.
- Eligibility: All travelers listed as drivers on the rental contract.
Contact for Inquiries
For any questions or inquiries about the Société Générale Visa Infinite Bank Card, you can reach out to the reception desk at the Group's headquarters in La Défense, Paris.
Phone Number: +33 1 42 14 20 00
Feel free to call this number for assistance with your application or any other related queries.
Final Thoughts
In summary, the Société Générale Visa Infinite Card offers a comprehensive suite of benefits tailored for affluent clients, including extensive insurance coverage and elite services.
However, it's important to weigh the costs, such as the annual fee and various transaction fees, against the advantages provided.
To apply for this prestigious card, ensure you meet the eligibility criteria and follow the outlined application process. For further inquiries, contact Société Générale's reception desk in Paris.
Disclaimer
This article is for informational purposes only and does not constitute financial advice.
The details mentioned are subject to change based on the bank's policies and regulations.
Always consult with Société Générale or a financial advisor for the most current information and personalized advice.