The American Express Black Card income requirement is reportedly at least $1 million per year. It's rumored that you must also spend and pay off at least $350,000 across your American Express credit cards annually just to get an invitation to apply.
Who qualifies for a black card? People with high income, excellent credit scores, and a penchant for high spending typically qualify for a black card. Black credit cards are a class of super-exclusive, high-end credit cards that are black in color.
The Centurion card itself is not hard to get. All you have to do is spend lots of money and Amex will give it you. There is no application to be approved.
No pre-set limits
There are no pre-set spending limits on the American Express® Charge Card.
The American Express Centurion Card, colloquially known as the Black Card, is a charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.
If you have a Consumer or Business Green, Gold or Platinum Card, your Card does not have a credit limit. Instead, your Card has no preset spending limit unless you have been previously notified otherwise. No preset spending limit means the spending limit is flexible.
Experts estimate that there are around 100,000 Amex Centurion cardholders in the world, with only about 20,000 of those being in the United States.
What is the most expensive type of credit card? The American Express Centurion Card is among the most expensive, with a high initiation fee and annual fee, reflecting its premium services.
An Amex card is a new Gen-Z status symbol. Just hop on TikTok, and you'll see plenty of examples. College students flashing their Amex. People in their early 20s learning the powers (and dangers) of having no credit limit.
The Amex Black Card gets you free access to more than 1,500 airport lounges worldwide, including Amex Centurion Lounges, Delta Sky Clubs when you're flying Delta, and Priority Pass airport lounges. You can sit back and relax on the comfortable chairs while indulging in good food and drinks.
Personal Income and Business Income
On average, those with an Amex Platinum card or Amex Business Platinum card tend to have high incomes — though a high income is by no means a requirement. We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum card.
The Centurion Black Card is invitation-only
And a Centurion Card invitation isn't something AmEx hands out lightly. While AmEx services over 100 million cardholders, there are estimates that AmEx only has 100,000 Centurion cardholders worldwide.
The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card gives about 1% back. Cardholders can also earn an initial bonus of $200 cash rewards after spending $500 on purchases...
Yes, credit cards do check your income when you apply. Credit card issuers are required by law to consider your ability to repay debt prior to extending a new line of credit. So, listing your annual income is a requirement on every credit card application.
One of the best credit cards for rich people is the Centurion® Card from American Express. This card is extremely exclusive, as it's available only through invitation to high-income, high-spending Amex clients.
To handle that, he has credit cards and debit cards on bank accounts. He can also write checks against his bank accounts. He does not use such cards or checks to buy things like Twitter; big purchases are done with bank loans, more like mortgages for a house.
The credit card that gives you the highest available credit is the Chase Sapphire Preferred® Card because it reportedly offers a maximum credit limit of $100,000. Chase Sapphire Preferred reserves its maximum credit limit for the highest-income individuals with good credit or better, though.
Millionaires are more likely to have a credit card from nearly every major issuer than less wealthy Americans, with Capital One being the only exception. This is likely due to rich Americans simply having more credit cards than the average American.
How Jerry Seinfeld got the first ever Amex Black Card.
There are approximately only 17,000 black cards worldwide. To even get one if you've been invited you need a huge amount of liquid cash. Initiation fee for the card is $7500 and the annual membership fee is $2500. Most people Will never even see one of these cards much less have one.
If you do not pay your balance in full each month by the date set out in your statement we'll charge interest on any unpaid interest that has fallen due even where you pay the minimum payment. This is called 'compounding' and means that you are paying interest on interest.
In the U.S., the American Express® Gold Card and the American Express® Business Gold Card don't offer lounge access. However, American Express® Gold Card holders in the United Kingdom get two complimentary lounge visits per year at over 1,200 airport lounges globally.
There's no credit limit
The American Express Black Card doesn't have a pre-set spending limit, so cardholders can spend as much as they want every month. But that's only the case if they can afford it. The Centurion® Card from American Express is a charge card, so cardholders can't carry a balance.