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.
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.
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.
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.
Sorry, Black Cards Are By Invitation Only
Loyal American Express cardholders are likely the most commonly invited, a list that includes both long-time business and personal charge card customers. You can now request an invitation to apply.
The highest level American Express card is the Centurion card, which is also known as the 'black card.
To get a Black Card from American Express, you must receive an invitation to apply, have Excellent credit, and pay the $10,000 initiation fee. Amex customers can request an invitation for the Black Card online, though there is no guarantee of actually receiving an invite.
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.
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.
Global pop stars Jungkook and Jin of BTS are also reportedly black card holders. Eagle-eyed fans have spotted Jin flashing his black card as he paid for the meals at member Suga's birthday celebration, treating all members of BTS and their staff.
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.
The Amex Platinum is one of the most prestigious travel credit cards you can own.
The Amex Centurion "black" card makes other premium credit cards look downright affordable. 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.
Some of the oldest players in the Credit Card space have long understood the use of branding Credit Cards as status symbols. The best among them Amex which built a multibillion dollar empire by telling its user they were special. And that their card symbolised this special status.
Cardholder benefits include airline status with Delta, broad airport lounge access that includes Priority Pass and American Express Centurion Lounges and an airline fee credit. You can also access an exclusive 24/7 concierge program and you'll receive automatic elite status with various hotel and rental car programs.
Key Takeaways. 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.
These types of cards include exclusive invitation-only “black cards.” Second, and more commonly, they mean cards with no preset or published limits. Cardholders on these accounts are given a limit that's unique to them, and it's based on factors such as creditworthiness, income, and how long you have had an account.
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.
The black card is only offered to those with incredibly high net worth and have the most expensive annual fees with no limits on the card. There's also a minimum amount that one must spend in order to be eligible for this card. This number ranges to anywhere above $120,000 every year.
For many, this is the holy grail of credit cards — the card that rules all cards. One of the reasons that this particular black card is so desirable is its exclusivity and some of the card's perks, like: A 24/7 personal concierge. Access to Amex Centurion lounges.
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.
Currently, you can have up to five American Express consumer credit cards at one time. It is important to note that American Express offers multiple types of cards — business cards and consumer cards — and that the rule only applies to consumer cards where you are the primary cardholder.