The American Express Black Card, or The Centurion, is an ultra sexy credit card for an exclusive club of big spenders.
The American Express Centurion Card, or “The Black Card”
My first encounter with the American Express black card was at a Christmas Party last year. Another guest used the box the American Express black card comes in (a bulk wooden thing with velvet trim inside) to store a present for the gift exchange. It would have been nice if the card WAS the gift.
After the gift exchange was finished, not enough people recognized what the wooden box represented, so the gifter whipped out his American Express black card and passed it around.
I had no idea what the card represented (or should I say what the cardholder wanted it to represent), but the overwhelming awkwardness of flashing your credit card around a party made me go home and google it.
How to get the Amex Black Card
The eligibility requirements for the American Centurion Card are kept on the down-low, and invitations aren’t extended to everyone even if they meet the requirements.
While the income or net worth requirements are not disclosed, you must have spent (and paid off) $350,000 on the American Express Platinum Card in the past year. If you’re a business customer, that number jumps to $450,000 in spending on your Business Amex in the prior year.
The card requires a one-time fee of $7,500 and an annual fee of $2,500. Each additional card also costs $2,500, and you’re only allowed to add two.
On average, Centurion cardholders are 49-yro males with net worth over $1 million dollars and perfect credit scores who love to use their American Express Black Card to buy clothes for women.
So why would you even want any of that?
Well, the first perk of the American Express black card that caught my eye was complimentary companion airline ticket on international flights with the purchase of one full-fare ticket. Wow! Assuming you buy first-class (and why wouldn’t you? You have a black card!), the complimentary plane ticket for your travel buddy would justify the annual fee and then some! I’ve checked: first-class flights to Europe from Canada run in the neighborhood of $5,000 — that’s twice the annual fee. Imagine being able to get that for FREE for a friend or spouse? I feel like it would be a lot easier to convince people to travel with me if I could offer them a free first-class ticket 😉
Upon your arrival at your international destination, why not check in to a Mandarin Hotel? You get one complimentary night as a black cardholder. You’re also enrolled in Hertz and Avis rental car programs.
Furthermore, you can whip your titanium credit card out of your wallet at parties to let everyone know how rich you are. Who can put a price tag on that? The American Express black card is out of my budget, but it might not be out of yours. Does anyone have one?