Select / Magnises Card NYC

What's good WSO. I'm a senior in college moving to NYC after graduation. Anyway one thing I've heard about is the select / magnises card. My understanding is basically you pay an annual fee, then get a bunch of good benefits and deals at restaurants and nightclubs. Does anyone have either or both of these, and if so could you speak to whether or not they're worth it? I'm not looking to use them as a fake prestige / fake black card thing at all, but they do seem like they might be worth getting for all the benefits.

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