LONDON - American Express is using the internet to launch a new type of credit card, designed to raise funds for charity.
The highest level American Express card is the Centurion card, which is also known as the 'black card.
What is the rarest American Express card? The rarest Amex cards are the Centurion card, the Amex Business Centurion card, and the Corporate Centurion® Card from American Express.
No,. American Express is not specifically for rich people, even though it does have a high level of status in many people's minds. Applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards, and you don't need to be rich to have a good credit score.
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 (See Rates), which is higher than most other credit cards.
But we have it on good authority that celebrities including Beyoncé, Oprah Winfrey, and Jerry Seinfeld, who reportedly received the first-ever Black Card, all carry it. Collectively there are thought to be fewer than 20,000 AmEx Centurion cardholders around the world.
The Centurion® Card from American Express, sometimes referred to as the Black Card, may be the hardest credit card to get because you need a special invitation from Amex to apply and there's a high financial bar to getting the card. It's been reported the card requires a $7,500 "initiation fee" and a $2,500 annual fee.
Canstar Research also found, when looking at the cards on our database, that the presence of a colour in a credit card's name does not always indicate something about its level of rewards. For example, Community First Credit Union offers a Low Rate Blue Credit Card and a Low Rate Pink Credit Card.
What does your credit score need to be for the Amex Platinum card? While there is no set score needed, we recommend you have a credit score of at least 720, 2 years of clean credit history, and an income of at least $50,000 per year to apply for the Amex Platinum card.
The Target REDcard is a prepaid card, similar to the AMEX Bluebird and Serve cards. You can load the REDcard by linking your bank account or debit card. And, for now at least, you can add funds with a credit card at the register at Target Stores!
Platinum: An Overview. Founded in 1850, American Express (AXP) is a financial services company best known for its line of traveler's checks, credit cards, and charge cards. 1 Two of its most popular cards are the Black and Platinum Cards.
The Plum Card from American Express is a unique business charge card with a flexible payment option. You can get a discount of 1.5% for paying early or you can get up to 60 days interest-free (on new balances) when you make the minimum payment.
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.
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.
American Express is special because it is a luxury credit card brand, known for offering elite rewards and having exclusive approval requirements. American Express also is among the country's largest credit card issuers by purchase volume, and it is one of the four major payment networks.
The American Express Centurion Card is the most exclusive credit card in the world and commonly known as the “Amex Black Card.” Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.
The answer to which, at least at that moment in time, was a single, crisp $100 bill. It should be noted that the next question Gates answered was “Can I have a million dollars?”, which he tactfully answered by explaining he donates the bulk of his money to needy causes.
Some retailers refuse to take Amex cards as payment because of the higher fees they have to pay to process the transactions compared to Visa and MasterCard - so it can mean you could be caught short. The firm justifies these costs with a premium services for merchants and access to a premium type of customer.
Although Amex doesn't publish requirements for the card—or its perks, for that matter—it typically extends black card invitations only to high earners who have spent and paid off between $350,000 and $500,000 across all of their American Express accounts in a calendar year.
The card is so hard to get, you have to be invited to even apply. While Amex doesn't really have published requirements to procure such an invite, it's reported that you'll need to spend at least $350,000 a year on your credit cards to be considered.
It's been 21 years since Amex launched the original black card, and card issuers are increasingly offering more and more luxury perks at a more accessible price point to a larger portion of their customers. The biggest draw of elite rewards cards are the many travel benefits they offer.