American Express Black Card

The Amex Black Card, also referred to as the AMEX Centurion Card, is one of the most elite and exclusive credit cards on the market.  Many people try to get this credit card, but only a few will succeed.  It has been reported that there are between 30,000 to 100,000 people that actually have the black card, which is extremely low compared to the actual world population.  In order to qualify for a Black card, you must meet a series of rigid requirements that shows your credit worthiness and household income. 

In order to become eligible for a Black card, you must have a platinum card for at least one year and spend at least $250,000 on the platinum card.  There must be no carry over balance, so your spending must be paid in full for the next period.  Many business owners can easily spend $250,000 a year, since they put a majority of their expenses on their credit cards.  They usually pay off their credit balance once revenue is generated from the goods or services sold.  For the average person, they probably will not be able to spend $250,000 and pay off their entire balance in one month, so having a Black card may not make sense to have for them.

Another requirement for the Amex Black Card is that the applicant must make over $100,000 a year and have a net worth of at least $250,000.  This is to make sure your qualified spending can easily be repaid and that AMEX will not have any issues when requesting for payment in full.

The AMEX Black card also offers some amazing exclusive benefits for its members, which include complimentary first-class upgrades, VIP Airport Lounge, and exclusive entertainment events for members only.  Black card members located in New York are eligible to receive an exclusive party / night out during the popular fashion week.  Other black card members have received complimentary first class trips to exotic locations around the world. 
As you can see, being a Black card member has its benefits, BUT the Black card isnít for everyone.  If you know there is no way you can make the $250,000 yearly spending limit then you may want to try for the AMEX platinum card, which offers many of the same benefits of the Black card.  The AMEX card has an annual fee of $450, which is much less than the $2,500 annual black card fee.  It also provides luxurious benefits that are found with holding a Black card.  It may not be as exclusive, but having an AMEX platinum card does have its perks.

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