What is the spending limit on the American Express Black Card? There is no spending limit with the Amex Black Card. However, balances must be paid off in full every month.
The American Express Black Card doesn't have a pre-set spending limit, so cardholders can spend as much as they want every month. But that's only the case if they can afford it. The Centurion® Card from American Express is a charge card, so cardholders can't carry a balance.
Generally, a card issuer invites only their most loyal customers who spend upwards of six figures or more a year to become a black cardholder.
According to the Centurion cardmember agreement, the card comes with a $10,000 initiation fee and a $5,000 annual fee.
Make at Least $250,000 in Purchases on Your Amex Cards
Although Amex doesn't publish a spending threshold to get invited, a solid rule of thumb is that you need to make at least $250,000 in annual purchases across all of your Amex cards.
'Black credit card' is the catch-all term usually used to describe the most exclusive credit cards available to the wealthiest individuals. They are given out by banks to high-earning, big-spending customers and offer impressive perks and very high or unlimited credit.
The hardest Amex card to get is the Centurion® Card from American Express. Also known as the “Black Card,” this Amex card is hard to get because it is available by invitation only, and potential candidates are rumored to need an annual income of at least $1 million.
A black credit card is a type of extremely exclusive credit card that is almost solely reserved for the ultrawealthy. Typically, the cards are available on an invitation-only basis. The threshold for entry into this elite echelon of card ownership is incredibly high, as are the annual fees.
Key Takeaways:
There are around 20,000 Black cardholders in the U.S. This is a no-limit credit card. Cardholders are excepted on an 'invitation-only basis.
What are the American Express Black card income requirements? There is no official American Express Black card income requirement, but you must spend and pay off over $250,000 in a given year on an American Express Platinum Card to get an invitation.
The most prestigious credit cards are the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card, and the Citi Chairman Card because all 3 cards are invitation-only.
Although Amex doesn't publish requirements for the card—or its perks, for that matter—it typically extends black card invitations only to high earners who have spent and paid off between $350,000 and $500,000 across all of their American Express accounts in a calendar year.
The Black Card, is a rewards credit card that is the middle-tier offering from Luxury Card. The Gold Card is considered the higher end of the three cards. Benefits for each card vary and can include a 24/7 concierge service, gifts, and worldwide acceptance.
What Is the Spending Limit on the American Express Black Card? There is no spending limit with the Amex Black Card. However, balances must be paid off in full every month.
On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.
The Mastercard® Black Card™ charges a $495 ($195 for each Authorized User added to the account) annual fee. This high fee is typical of premium rewards cards, and is only likely to appeal to high-earning consumers who can afford a luxury credit card and seek the luxury benefits that come with it.
Black Card (Express Centurion) is a type of bank credit card that merely offers loyal clients outstanding purchasing power via an invitation from the bank. The black card has graded points like: Limited number of cards issued.
Black cards are a status symbol that are typically invite-only and reserved for big spenders who can afford to pay initiation fees and annual fees totaling thousands of dollars. But the invitation-only requirement has changed slightly for the oldest “black card” — the Centurion® Card from American Express.
The Platinum Card® from American Express is the winner over the Mastercard® Black Card. The American Express Platinum card provides frequent travelers with far better features and much more value overall, despite its higher annual fee.
Here are the top eight most exclusive black cards: Dubai First Royale Mastercard. HSBC Premier World Elite Mastercard. American Express Centurion® Card.
The black card and how to get one
Needless to say, this requires a very high level of income. According to one report, Centurion cardholders had an average annual household income of about $1.3 million and had a net worth of about $16 million. And once you qualify, the card is quite expensive.
Naturally, the Luxury Card™ Mastercard® Black Card™ requires an excellent credit score, usually 720 or higher on the FICO index. When being trusted with a high spending limit, you have to have exemplified responsible borrowing behavior in the past, which a strong FICO Score will reflect.