Friday 11 October 2019 11:22 am

Royal Mint launches solid gold debit card worth £20,000

The Royal Mint has produced a payment card made of 18-carat gold which will cost almost £20,000.

The firm worked with Mastercard and payments technology firm Accomplish to produce the cards, which will use a Raris account.

Read more: Royal Mint releases new coin after August gold rush

The debit cards can be personalised for customers “who value high-quality luxury items that make a statement”.

Each card will cost a staggering £18,750 and will be engraved with the customer’s name and signature.

Any other details will cost extra.

Royal Mint chief executive Anne Jessopp said: “The Royal Mint is constantly innovating, and, as the UK’s leading precious metals solutions provider, we are hugely excited to launch the solid gold Raris card in acknowledgement of growing consumer demands for unique and luxury payments cards.

“In association with Mastercard and Accomplish Financial, Raris – the first payment card manufactured by the Royal Mint – is a combination of over 1,100 years of Royal Mint craftsmanship with tomorrow’s payment technology.”

There are no additional charges or special criteria for applicants to meet. There are also no foreign exchange or transaction fees.

Read more: Royal Mint freezes plan for gold digital currency blockchain

Mark Barnett, president, UK and Ireland at Mastercard, said: “This is a really exciting project, joining the outstanding heritage of the Royal Mint – 1,100 years of engineering and artistic expertise – and Mastercard’s focus on payment innovation and security, together with our worldwide acceptance network.

“Accomplish Financial ensures that the Raris card provides the perfect link between that heritage and the digital world.”