This card sucks.
Time magazine named it one of the 5 credit cards you do not want due to the $495 annual fee and little extra benefits for the cost.
The Visa Black Card, issued by Barclays, is made of stainless steel and has a $495 annual fee. It is a sad knockoff of the elite, ultra-exclusive American Express Centurion card, AKA the Black Card, which requires a one-time "initiation fee" of $7,500 and a $2,500 annual fee, the highest fees of any credit card on the market.
Conclusion: don't get a credit card to impress anybody. Do the math and make sure the costs and benefits of any card make it worth applying for, especially whenever there's an annual fee involved. If you're willing to spend $495 a year for the Visa Black Card, make sure you'll reap enough benefits from it to make that annual fee worth it. Otherwise, it's a waste of money.