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.
There is no way you can tell how much the American Express Black Card credit limit is; the terms and conditions for this card, officially named as the Centurion® Card from American Express, don’t state a minimum or starting credit limit. Like most credit cards, the Amex Black Card’s credit limit will be based on the applicant’s overall creditworthiness, annual income, potential debts and account history. But if the initiation fee ($10,000) and annual fee ($5000) are any indication, it’s unlikely a cardholder will be limited in spending power with the Amex Black Card.… read full answer
The best luxury credit card is Chase Sapphire Reserve® because it has an initial bonus worth up to $900 in travel, gives a $300 annual travel credit, and provides a complimentary airport lounge membership. But luxury comes at a cost, and Chase Sapphire Reserve charges a $550 annual fee.
The most popular luxury card on the market is The Platinum Card® from American Express. It offers free membership to 7 major airport lounge networks, a $200 annual credit for fees on a pre-selected airline, and a $100 annual statement credit for Saks Fifth Avenue purchases, when enrolled. Plus, there’s a 75,000 points initial bonus for spending $5,000 in the first 6 months and 5 points per $1 spent on flights (up to $500,000 spent per year) booked directly with airlines or with American Express Travel, and prepaid hotels booked through Amex. The annual fee is $550.
But the most famous of all luxury 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.
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 Credit Card card. It offers top-notch travel rewards and only costs $95 per year.
When people talk about a black credit card, they usually mean one very expensive, high prestige, hyper-exclusive card with black coloring: the Centurion® Card from American Express. In the past you needed an unsolicited invite to get THE black card, but consumers can now request invitations through the Centurion® Card from American Express website… read full answer. 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 from American Express also requires a $10,000 initiation fee and a $5000 annual fee. And its main perks, aside from the prestige, appear to be hotel benefits, Centurion Lounges, Delta Platinum status and a do-anything, round-the-clock personal concierge.
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 social weight, 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 per point, and for cash back at 1.5 cents per point. You’ll also get a $100 annual travel credit, 24/7 concierge to assist you with travel needs, and a $100 credit to cover the cost of applying for Global Entry. You need good credit or better.
Marriott Bonvoy Brilliant™ American Express® Card: This black-in-color credit card has a $450 annual fee. It gives you 75,000 points for spending $3,000 in the first 3 months, plus a free night every year on your account anniversary. You also get 6 points / $1 spent at Marriott hotels and up to $300 in statement credits each year for eligible purchases at participating Marriott properties.
Centurion® Card from American Express: This invite-only card is apparently reserved for Amex cardholders who spend at least $250,000 a year. The annual fee is $5000 and there’s a $10,000 initiation fee as well. Access to Centurion Lounges, hotel benefits, Delta Platinum status, personal concierge and 1 point per $1 in Membership Rewards.
A black credit will always have a certain amount of mystique because of the secrecy and exclusivity of the Centurion® Card from American Express. 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® Card, Citi® Double Cash Card – 18 month BT offer or Capital One Venture Rewards Credit Card. Some credit card companies, including Wells Fargo and Discover, also let you customize your card’s appearance. So you can turn lots of credit cards into black cards if you want.
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