The Centurion Card comes in personal and business variants. The largest known purchase made with the Centurion card is the Nu couché painting by Amedeo Modigliani, which businessman Liu Yiqian bought for US$170,405,000 at a Christie's auction in New York in 2015.
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.
In 2015, Liu Yiqia, a billionaire of Chinese origin, placed the winning auction bid to purchase a painting by Amedeo Modigliani's: Reclining Nude. The cost of the artwork? $170 million USD. Yes, you got it right: this man used his no-limit AMEX credit card to buy a $170-million painting.
Centurion® Card from American Express
Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
The Centurion Card from American Express is offered by invitation only (although you can request to be considered for the invitation) and it has a steep entry price. Not only do you have to pay a $10,000 initiation fee to get your hands on this card, but a $5,000 annual fee applies as well.
Black credit cards are sought after in the Australian credit card market for their high standard of perks and rewards. While these benefits may also translate to a higher-than-average annual fee or purchase rate, the perks offered are considered worthy of these costs.
Amex Centurion Card qualifications, fees and benefits. Experts estimate that there are around 100,000 Amex Centurion cardholders in the world, with only about 20,000 of those being in the United States.
What Credit Card Do the Super Rich Use? The super rich use a variety of different credit cards, many of which have strict requirements to obtain, such as invitation only or a high minimum net worth. Such cards include the American Express Centurion (Black Card) and the JP Morgan Chase Reserve.
Giovanni Zampolli is just five weeks old (born April 7, St. Luke's-Roosevelt Hospital), but he's already in possession of a black AmEx, the elite credit card with no spending limit.
A few different credit card issuers have a "black card," including American Express, Barclays and RBC. The most famous black card is the Amex Black Card, officially called the Centurion® Card from American Express, which is an expensive, invitation-only card for people with extremely high incomes.
How to Get an Amex Black Card. Rumors estimate that in total there are only 100,000 black cardholders in the entire world with approximately 20,000 of those in the United States.
If a wealthy American must make a large purchase like a new car or a piece of expensive equipment, they may use their credit card to pay for it and then pay off the balance over time, rather than having to pay for it all upfront. This allows them to have more cash to finance investments or other opportunities.
There are no preset spending limits with the Amex black card, so you can easily buy big-ticket items that you may not necessarily be able to pay for with other credit cards. Keep in mind, however, that you must pay off your balances in full every month.
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.
The American Express Black Card's credit limit is determined on a month-to-month basis, and it depends on your overall spending and payment habits. That is because the Amex Black Card – officially known as the Centurion® Card from American Express - is a no preset spending limit (NPSL) card.
Unlike some of the other cards on this list, The Platinum Card® from American Express is an elite card, but it's not invite-only. This accessible card is one of the best credit cards for millionaires.
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.
Members of the 1% — or perhaps the 0.1% — may get an invitation for a black card, as some of these high-status cards are only available to consumers that the issuing bank deems worthy.
Some of the K-pop idols who own the luxurious Black Card are BIGBANG's G-Dragon and Taeyang, BTS' Jin and Jungkook, BLACKPINK's Jennie, EXO's Suho, Girls' Generations' Taeyeon and TXT's Yeonjun.
Bottom Line: The Amex Platinum card has better earning potential than the Mastercard Black card. Membership Rewards points earned on the Amex Platinum card also offer greater potential value at redemption time when transferred to airline and hotel partners.
In the U.S., a black card is typically synonymous with the Centurion® Card from American Express*, a card so exclusive, you have to be invited to apply.
How much do you have to make to get Amex's black card? There aren't any income requirements per se, but you most likely need to be a high spender on your Amex cards. If you're in the ballpark of $250,000 to $500,000 in annual spending across all your open Amex cards, you may qualify for the Centurion card.
The American Express Centurion Card, colloquially known as the Black Card, is a charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.