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A black credit card is an ultra-exclusive card introduced through some card issuers and reserved for their wealthiest customers. A black card is considered a symbol of prestige in pop culture, in part because it requires consistent spending with the card through the tens. or thousands of thousands, among other criteria. American Express launched the original black card, the CenturionTM Card, in 1999. Five years later, Amex upgraded the high-end deluxe menu from plastic to titanium, adding to the menu’s allure and exclusivity.
Since then, other issuers have released their versions of a black card, some not having the invite-only exclusivity that is discovered with the Centurion card.
The situations for obtaining Centurion card benefits are obscure, and no qualifications are posted through American Express. Some reports show that you want to spend between $250,000 and $450,000 or more on some other American Express card to be considered. The card will most likely require a fair credit score of 800 or higher.
In the past, American Express allowed existing Amex cardholders to inquire about Centurion Club through a short online interest form. The form has not been available lately and there is no indication if it will reappear in the future. If this should arise again, please note that the form is not an official card application. American Express has not indicated what is required for the card review or whether you will receive any correspondence after submitting the form.
Like other Amex Rewards cards, the Centurion card praises consistent spending with the card. Cardholders earn one Membership Rewards point for every $1 spent on eligible purchases with the card. This might seem like a low praise rate compared to other luxury credit cards. But given the type of spending seen with the black card, cardholders will most likely receive more than enough praise, regardless of the rate.
As you might expect, the Centurion card offers several exclusive luxuries. Some of your premiums include:
The Centurion card also comes with various insurance and acquisition coverages.
As you might expect, the Centurion card is rarely heavily tied to classic credit limits or other restrictions. Billionaire Liu Yiqian can attest to this after his Amex Centurion card in 2015 to purchase Amedeo Modigliani’s painting “Reclining Nude” at auction at Christie’s for $170. 4 million. American Express approaches jumbo Centurion Card purchases on a case-by-case basis based on its ongoing appointments with the cardholder.
Under your most recent American Express cardholder agreement, the Centurion card requires a $10,000 down payment and a $5,000 annual payment. Amex charges $5,000 per year for up to two legal users on Centurion card accounts.
Other card issuers have introduced high-end luxury cards that meet the Centurion card, with different benefits, requirements and fees. While not all of those cards are black cards based on the card design, they offer similar exclusivity and are invite-only.
Luxury Card offers 3 premium credit cards that you can apply for that offer exclusive perks and benefits:
If you’re a billionaire or a member of a Middle Eastern royal family, you’d possibly be eligible for the Bank of Dubai’s even more exclusive Dubai First Royal Credit Card. The card is set in genuine gold with a 0. 235-carat diamond embedded in the center.
You don’t want an exclusive black card to access luxury benefits. Other rewards credit cards can be obtained for qualified applicants who earn rewards and get premium benefits and other benefits.
Consider those opportunities if you don’t get an invitation for a black credit card.
The American Express Platinum® Card
Chase Sapphire Reserve®
Marriott Bonvoy Brilliant® American Express® Card
American Express® Gold Card
If you get an invitation from American Express or some other card issuer for a black card, consider the benefits it includes compared to other cards before accepting the offer. If you’ve been invited, you’ll probably pay the initiation and annual payment. It may not be a problem. A black card unlocks rare benefits and near-infinite spending privileges. Still, the Centurion card’s other features are all different from Amex’s Platinum card, which costs much less.
Due to the unusual design and privileges of the Centurion card, it is difficult to judge its price or compare it to other cards. If you receive an invitation for a black credit card, think about what this card would be like in your life to determine if it is right for you.
Black credit cards are the most productive due to their virtually unlimited spending limits. If you need to buy a yacht with a credit card, a black card allows it. Even without a yacht, his life would possibly involve conditions in which it would be useful to have seriously stratospheric credits.
The fact that you can’t request one yet and will have to be invited makes receiving an invitation flattering and, in theory, makes those cards coveted. Its legal benefits are designed to make cardholders feel pampered and superior. However, even if you’re wealthy enough to qualify for a black card, first ask yourself if the exclusive benefits are worth the maximum cost, which can easily reach five figures and, over time, maybe even six.
The American Express Centurion card is the original black credit card and remains the most expensive, with a one-time down payment of $10,000 and an annual payment of $5,000. Other black credit cards have annual payments ranging from $495 to $1,500.
The disadvantages of a black credit card are all monetary. They have maximum initiation and annual fees, a primary source of income requirement to be invited to earn one, and come with a maximum minimum spend requirement.
This varies and is not said. The Citi Chairman® American Express® card has a $300,000 limit, while the Amex Centurion card doesn’t have any classic credit limits. Instead, Centurion cardholders work directly with American Express, on a case-by-case basis, for larger purchases.
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