Magnises is a new platform that is very popular among the young people. The private club was founded by a young businessman, Billy McFarland and in just five months, it has changed the way people see credit card rewards. Members of the club have a special black card.
Billy came up with the idea one day after dinner with his friends. His friends were discussing the benefits of American Express, and how it has transformed the business and marketing world. However, he realized that the card used by American Express is irrelevant to people who are below thirty-five years. He discovered that these people did not have a community or network, and that’s why he decided to start one.
According to the young entrepreneur, Magnises is more about networking people less about credit cards. Individuals who are looking for a networking community in New York City have the best experience when using the private club. Most of the members are in the finance, fashion and technology industry, and the platform can connect them through a card that is relevant to their daily lives.
Magnises has several members at the moment, and it was officially launched recently. Here are some important facts about the platform that everyone needs to know.
At the moment, it only for people in New York
Some of the cardholders are globally based, but the Magnises card is currently focusing on the New Yorkers. According to the founder, the members in New York can make the most out of their precious time. The services will be extended to other cities later.
It is not a credit card
The black card for the members works by taking debit or credit card that the member uses already and activating it to the Magnises card through a magnetic strip. Everyone should understand that it is just a payment tool with several benefits.
Members are aged 21-35
At the moment, the platform is made for young individuals in the fashion, technology and finance industries. However, people from other industries are being encouraged to join and bring more value to the team.
Registration fees is 250 dollars
At the moment, young people are invited to apply through the Magnises website. A phone interview is conducted after the application, and the annual registration fee is paid.
The founder is a startup specialist
According to Bloomberg, Billy McFarland is a famous businessman who has started several tech companies in the countries. He studied computer engineering at the University, and he is recognized as one of the youngest people in the country to launch a successful online company.