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.
Known simply as the “Black Card,” you need an invitation to get Amex Centurion. And only the super rich and famous can expect to get the call, as it's rumored that you must charge at least $1 million per year to an American Express credit card to even qualify.
It will be difficult for the average person to get the American Express Platinum card because of the card's 700+ credit score and reportedly high income requirements. Another reason why the American Express Platinum card may be hard to get is because of the card's daunting $695 annual fee.
What Is the Spending Limit on the American Express Black Card? There is no spending limit with the Amex Black Card. However, balances must be paid off in full every month.
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.
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.
Yes, it is hard to get the American Express® Gold Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be very hard for you to get approved for the Amex Gold card.
No, American Express does not verify income on most credit card applications or credit line increase requests. Amex will generally require income verification only if something seems out of the ordinary, such as a 21-year-old claiming to have an annual income of $150,000.
American Express Platinum has no preset credit limit. That means the amount you can spend may change from month to month based on your usage of the card, credit history, income and more.
The Amex Platinum is one of the most prestigious travel credit cards you can own.
While Amex doesn't officially publish the qualifications for the Amex Centurion Card, black cards often require you to have a strong existing relationship with the card issuer, which typically means high spending requirements upwards of six-figures or more each year.
Is the American Express Gold Card worth the annual fee? If you make use of the card's annual credits and you spend a lot on dining and groceries, the card can be well worth the $250 fee. If you're not maximizing the credits and bonus categories, another card could be a better choice.
Amex Platinum ultimately offers more value, though. For example, its benefits include airport lounge access, while the Amex Gold Card's perks do not. When it comes to ongoing rewards on purchases, Amex Platinum has a higher maximum earning rate and better travel rewards. But Amex Gold provides more everyday value.
All Amex says is that your credit limit depends on your credit history, debt level, income, and payment history on other American Express cards. One way to estimate what credit limit you might get on an American Express card is to read customer reviews of the card.
While Amex doesn't disclose the requirements, online reports say you have to spend at least $100,000 a year on an Amex card to merit consideration. The. Cardholders get access to Centurion Lounges, hotel benefits, a … read full answer. They also earn 1 point per $1 spent on all purchases.
Cardholder should have a Personal Annual Income of Rs. 6 Lakhs and above. Cardholder should have an Indian or multinational bank's savings or current account in India. The applicant must be an Indian resident.
American Express does not disclose a specific income requirement, but it will need to be enough to make payments on the card and to afford the $250 annual fee.
It's recommended that you only apply for the American Express® Gold Card if you have a FICO® Score of 670 or higher. Like just about all the best travel rewards cards, this card is for consumers with good or excellent credit.
You can qualify for a welcome bonus of up to 75,000 points on the American Express Gold Card after spending $4,000 within the first three months of card membership. That's another 15,000 points more than the standard bonus and the highest offer we've ever seen for this 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.
You can have up to four Amex credit cards at once, as American Express has confirmed. The limit of four American Express credit card accounts includes traditional Amex credit cards and cards co-branded with airlines, hotel chains, etc.
Bottom Line: The Centurion Card is invite-only and costs $5,000 per year with a $10,000 initiation fee. You'll earn 1x points on purchases, but the real value is in its impressive list of benefits!