How much is Amex Centurion?

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!

How much does Amex Centurion cost?

There's an initiation fee of $10,000, along with an annual fee of $5,000. This means that you're looking at a tab of $15,000 — between the initiation fee and the first-year annual fee — before you can even start using your card. You'll pay $5,000 for an additional cardholder, and you're only allowed to add two.

How much is the Centurion card per year?

The cardmember agreement does state a hefty $10,000 initiation fee when you open the card and a $5,000 annual fee (see rates and fees).

How much does AMEX black card cost?

Having enough disposable income allows the cardholder to maintain the hefty fees associated with the card. According to the cardholder agreement, the Black Card comes with a whopping $10,000 initiation fee and a $5,000 annual fee. 2 Most of the high-end benefits are travel-related.

How do you get a 2021 Centurion card?

The Amex Centurion Card is acquired through invitation only. Invites are generally sent to existing Amex cardholders who spend at least $250,000 annually on their Amex cards and also earn over $1 million per year.

The American Express Centurion Credit Card - Amex Black Card Review - ACTUAL MEMBER

What is the hardest American Express card to get?

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.

What is the highest American Express card?

The highest level American Express card is the Centurion card, which is also known as the 'black card.

Does the Centurion Card have a limit?

There's no credit limit

The Centurion® Card from American Express is a charge card, so cardholders can't carry a balance. Whatever they spend must be paid back in full each month.

How much is a Black Card limit?

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.

What credit cards do millionaires use?

Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card, and The Platinum Card® from American Express. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of getting.

How hard is it to get a black American Express card?

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.

Who owns a black American Express card?

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.

How do you qualify for Amex Black Card?

You'll need to pay a one-time initiation fee of $10,000 on top of a $5,000 annual fee just for the privilege of having a Black Card. Plus, adding other cardholders costs an extra $2,500 each per year. In comparison, the Platinum Card's annual fee is $695 per year for many of the same services.

How many Amex Platinum card holders are there?

Circulation figures for 2017 suggest that outside the U.S., there are about 400,000 Platinum Cards, and 84,000 Centurion Cards. In the United States, TimeInc reports that American Express Platinum Card and Centurion membership has increased 23% since 2010.

Who has American Express Centurion card?

The most exclusive credit card is the American Express Centurion Card, also known as the Amex Black Card. It is reportedly reserved for people who spend at least $100,000 per year, and an invitation is needed to apply.

Can you get an 850 credit score?

Yes. An Experian study found that as of 2019, 1.2% of all credit-holding Americans had a FICO score of 850. A perfect score generally requires years of exemplary financial behavior, like making on-time payments, keeping a low credit utilization ratio, and maintaining a long history of credit accounts.

Who has a Black Card in the world?

1. American Express Centurion Card. 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.

What's better than a Black Card?

The Platinum Card® from American Express is the winner over the Mastercard® Black Card. The American Express Platinum card provides frequent travelers with far better features and much more value overall, despite its higher annual fee.

How many Amex cards can you have?

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.

How does Amex determine credit limit?

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.

What is the annual fee for Amex Platinum?

At-A-Glance. The American Express Platinum Card annual fee increased to $695¹ starting in July 2021 for new Card Members and on or after January 2022 for existing Card Members (upon their renewal date). The Platinum Card offers a suite of elevated benefits, including wellness, entertainment, and travel credits.

Is Amex for rich?

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.

Is Amex Gold better than platinum?

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.

Can I bring guest to Centurion Lounge?

The Centurion® Lounges:

Centurion Members may enter with up to two guests or immediate family (spouse or domestic partner, and children under 18) at no additional charge. Soliciting other Card Members to bring your guests into our lounge is not permissible.