Yep. Many different varieties. Here's where you can see a few.
Masters of Design Website
And here's MY badge.
It cost me $179 plus my chapter guard which wasn't all that much...
The standard badge is included in your initiation costs. So you might say it's free...
There is no pressure in my chapter to upgrade. In fact I'm the only one that's done it. Others intend to but haven't had the money.