The black Lord and Taylor credit card is a Premier Awards card actually, so it’s fancier and has more perks than the regular Awards card (which is silver). You get automatically upgraded to a Premier card if you qualify, meaning that you have to spend $1,200 each year on purchases, and your account must be in good standing. But here’s the catch: in order to remain at this premier tier, you have to keep up the big spending. If the amount of your purchases falls below $1,200, you will lose the benefits of the premier card, and go back to the silver (regular) one until you re-qualify.
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