The Visa Black card

I was researching credit cards and came across the Visa Black Card; it struck some interest in me so I sought a little more information. Not that I am going to apply for this card, it was worth a quick look and I needed to investigate this exclusive card.

I struggled to see the value of the Visa Black Card, from the extravagant annual fee to the 1 point per $1 spent rewards - the benefits of this card really don't add up. I am guessing the Visa Black Card is modeled on the American Express Centurion Card that lack both the prestige and functionality of the Amex card. Visa discusses the highest caliber of personal service offered but I fail to see why vendors will offer any greater service without financial inducements.