The Centurion card beats out the Mastercard Black card in terms of rewards, benefits, and features. The major drawback of the Centurion card is its $10,000 initiation fee and $5,000 annual fee (plus $5,000 annually for each authorized user).
But the most famous of all luxury cards is the Centurion® Card from American Express. Also known as the “Black Card,” it's invite-only, so not just anyone can apply. But there are plenty of other luxury credit cards to consider, too.
The highest level American Express card is the Centurion card, which is also known as the 'black card.
The Black Card is an exclusive charge card offered to high-net-worth individuals by invitation only. The Platinum Card is one tier lower. Prospective cardholders may apply online and must meet minimum eligibility requirements.
Just as there are standard, gold and platinum credit cards, a black credit card is typically seen as one of the highest status levels for a card holder to be approved into. Not every provider will call this tiered credit card 'black' and may use their own categories.
'Black credit card' is the catch-all term usually used to describe the most exclusive credit cards available to the wealthiest individuals. They are given out by banks to high-earning, big-spending customers and offer impressive perks and very high or unlimited credit.
The Centurion card beats out the Mastercard Black card in terms of rewards, benefits, and features. The major drawback of the Centurion card is its $10,000 initiation fee and $5,000 annual fee (plus $5,000 annually for each authorized user).
The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.
According to Weiss, one of the most recommended cards for high-net-worth individuals is The Platinum Card® from American Express . While this card comes with a wide range of perks that make it seem too good to be true, it also comes with an annual fee of $695, which is higher than most other credit cards.
The Platinum Card® from American Express is another exclusive credit card that millionaires tend to prefer. Also, this card isn't invitation-only.
There are around 20,000 Black cardholders in the U.S. This is a no-limit credit card. Cardholders are excepted on an 'invitation-only basis.
It has an initiation fee of $10,000 and an annual fee of $5,000. It's also invite-only; you can't apply without permission from Amex. The card offers some incredible benefits, like complimentary elite status across four hotel chains and with Delta, airport arrival services, and access to a concierge.
The most prestigious credit cards are the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card, and the Citi Chairman Card because all 3 cards are invitation-only.
The credit card billionaires are most likely to use is the Centurion® Card from American Express, also known as the Amex Black Card, which has unique benefits and is reserved for high-net-worth individuals. Some of the rich and famous people rumored to have the card include Jerry Seinfeld and Halle Berry.
How much do you have to make to get Amex's black card? There aren't any income requirements per se, but you most likely need to be a high spender on your Amex cards. If you're in the ballpark of $250,000 to $500,000 in annual spending across all your open Amex cards, you may qualify for the Centurion card.
Dubai First claims its Royale Card is the most exclusive credit card in the world. The Royale Card by Dubai First is an invitation-only credit card with no pre-set spending limit. The card is trimmed with gold on two sides and features a solitary . 235-carat diamond centered on the front.
Annual income of $100,000 or more. Aged 18 years or over.
The Platinum Card® is one of the few premium cards that does not technically have a minimum income requirement.
Salary Needed for Amex Platinum Credit Card
If you make near $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.
Generally, a card issuer invites only their most loyal customers who spend upwards of six figures or more a year to become a black cardholder.
If there's one card most associated with celebrities, it's the American Express Business Centurion Card, often referred to as the Amex Black Card. It's an invite-only card, and although you don't need to be famous to get it, the spending requirement for an invite is rumored to be at least $250,000 per year.
Cardholders of The Platinum Card® from American Express (another high credit limit card), or any other type of Amex members, can try using the American Express Auto Purchasing Program, which connects you to dealers who accept American Express and let you charge $2,000 or more toward a car purchase on your Amex card.
1. Centurion® Card from American Express. Known as the Black Card, the Centurion® Card from American Express is an elusive and exclusive card issued by invitation only.
No spending limit: Because the Centurion® Card has no preset spending limits, you can use it to buy big ticket items that you may not be able to purchase with other credit cards. Since a black card is a charge card rather than a credit card, charges must be paid in full each month.
BLACK CARD ROYALTY
The only card that gets you that queue jump, free entry, and exclusive 10% off your final bill or maybe a day bed at Ocean Beach Ibiza, Ocean club Marbella, the possibilities are endless.