Adam McCann, Financial Writer
@adam_mcan
The rarest credit card in the world is likely the Centurion® Card from American Express, also known as the “Black Card.” This card is available by invitation only, and you will reportedly need to spend at least $250,000 per year on other Amex credit cards and have an income of $1 million+ to get it.
The annual fee is also a staggering $5000, and there’s a one-time $10,000 initiation fee. Because of the strict requirements and high costs, the card is very rare and only in the wallets of very rich individuals.
Key Facts About the Centurion® Card from American Express
- Nickname: Black Card
- Availability: Invitation only
- Reported Requirements: Spend $250k on other Amex cards annually, have an income of at least $1 million and have excellent credit.
- Annual fee: $5000
- Initiation fee: $10,000
You can learn more about the most exclusive credit cards on WalletHub.
People also ask
What credit card do billionaires use?
The credit card billionaires are most likely to use is the Centurion® Card from American Express, also known as the Amex Black Card, which has unique benefits and is reserved for high-net-worth individuals. Some of the rich and famous people rumored to have the card include Jerry Seinfeld and Halle Berry.
However, actual billionaires aren’t really in the habit of telling people what credit cards they have. Some billionaires like Mark Cuban even claim they don’t use credit...
read full answerIs there anything higher than a black card?
No, there aren’t any credit cards higher than the “Amex Black Card.” Officially called the Centurion® Card from American Express, the Amex Black Card is far and away the most exclusive, prestigious credit card on the market.
Why There Are No Cards Higher Than the Black Card
An invitation is required just to apply for the Amex Black Card, and you’ll reportedly have to meet very strict requirements in order to receive an invitation. In particular, you...
read full answerWhat are the requirements for an American Express Black Card?
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...
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