The American Express Black Card’s requirements are rumored to include being an Amex cardholder for at least a year, spending over $100,000 annually on American Express credit cards, and annual income of at least $1 million. You’ll probably need to have an excellent credit score, too. To be clear, these things only get you an invitation to apply for the card. So that's just the bare minimum needed. There is a steep "initiation fee" of $10,000 and an annual fee of $5000.
Amex doesn't publicize many details about its Black Card (also known as the American Express Centurion Card), so it's hard to say exactly what the approval requirements are. But recently, Amex added an invitation request form to the website, so if you want to get on Amex’s Black Card radar, fill out the form here.
The Amex Black credit limit is determined on a month-to-month basis, and the limit depends on your spending and payment habits over time. The American Express Black Card - or the Amex Centurion Card, formally - is a "no preset spending limit (NPSL) card. The Amex Centurion Card is one of the most exclusive credit cards out there, and it's specifically for high-spenders.… read full answer
NPSL cards theoretically have more spending power than a credit card with a set credit limit, but it's not impossible for a user to go over the limit of an NPSL card in a given month, though there may be fewer consequences for doing so compared to a regular credit card with a limit.
The best luxury credit card is Chase Sapphire Reserve because it has an initial bonus worth up to $750 in travel, gives a $300 annual travel credit, and provides a complimentary airport lounge membership worth $399 per year. But luxury comes at a cost, and Chase Sapphire Reserve charges a $450 annual fee.… read full answer
The most popular luxury credit card on the market is the Amex Platinum card. It offers free membership to 7 major airport lounge networks, a $200 annual airline fee credit, and a $100 annual statement credit for Saks Fifth Avenue purchases. Plus, there’s a 60,000-point initial bonus for spending $5,000 in the first 3 months and 5 points per $1 spent on flights and hotels. The annual fee is $550.
But the most famous of all luxury credit cards is the Centurion Card from American Express. Also known as the “Black Card,” it’s invite only, so not just anyone can apply. Not a ton is known about it other than that. Fortunately, there are plenty of other luxury credit cards to consider, too.
Best luxury credit cards:
Amex Centurion Card (“Black Card”)
Chase Sapphire Reserve Card
Amex Platinum Card
U.S. Bank Altitude Reserve Visa Infinite Card
Chase Ink Business Preferred Card
UBS Visa Infinite Card
When you’re comparing luxury credit cards, the devil is in the details. There are plenty of cards with luxury prices but pedestrian perks. So you need to make sure the rewards and benefits that you get far outweigh the cost.
People who want to get a luxury credit card without shelling out a lot of money should consider the Capital One Venture Rewards card. It offers top-notch travel rewards and only costs $95 per year, after a free first year.
When people talk about a black credit card, they usually mean one very expensive, high prestige, hyper-exclusive card with black coloring: the American Express Centurion Card. You need an invite to get THE black card, unfortunately. And while Amex doesn’t disclose the requirements, online reports say you have to spend at least $250,000 a year on an Amex card to merit consideration. The Centurion Card also is rumored to have a $7,500 initiation fee and a $2,500 annual fee. And its main perks, aside from the prestige, appear to be hotel benefits, Delta Platinum status and a do-anything, round-the-clock personal concierge. … read full answer
But if you’re looking for a black card that you can actually apply for, there are some alternatives. They won’t carry the same weight socially, but their fees aren’t as astronomical, either.
Here are some notable black credit cards:
Mastercard Black Card: The annual fee is $495. You get 1 point per $1 on all purchases. You can redeem points for airfare at a value of 2 cents point, and for cash back at 1.5 cents per point. You’ll also get a $100 annual travel credit, a Priority Pass Select airport lounge membership worth $359 per year, and a $100 credit to cover the cost of applying for Global Entry. You need good credit or better.
RBC Bank Visa Signature Black Credit Card: There’s no annual fee. You get 1 point for every $1 spent. You need good credit to get approved.
Marriot Rewards Premier Credit Card: This black-in-color credit card has an $85 annual fee, waived for the first year. It gives you 75,000 points for spending $3,000 in the first three months, plus a free night every year on your account anniversary. You also get 5 points per $1 spent at Marriott hotels. And that’s in addition to 2 points per $1 spent on airline tickets booked directly with airlines, car rentals, and dining at restaurants (1 point per $1 on everything else. You need at least good credit.
American Express Centurion Card: This invite-only card is apparently reserved for Amex cardholders who spend at least $250,000 a year.
A black credit will always have a certain amount of mystique because of the secrecy and exclusivity of the Amex Centurion Card. But you can’t just apply for the real thing, and most of us don’t spend enough to qualify, anyway. Plus, it doesn’t really matter what color your credit card is, as long as it offers good terms. So you’re probably better off with a regular rewards card like Chase Sapphire Preferred, Citi Double Cash or Capital One Venture. Some credit card companies, including Capital One and Discover, also let you customize your card’s appearance. So you can turn lots of credit cards into black cards if you want.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.