11/23/2023 0 Comments Amex black card feeHowever, there's a whole team behind the scenes dedicated to handling Centurion cardholder requests. You'll have a direct line to the person, who can serve as a personal assistant to handle nearly anything you need. The Black card doesn't accrue Membership Rewards Points any faster than other American Express cards.Ĭenturion cardholders are typically assigned a personal concierge, available 24/7. You'll earn the same level of rewards other American Express cardholders earn. The main difference could be the higher level of personal concierge services it takes a large staff to hunt down hard-to-find products, tickets, and reservations. In comparison, the Platinum Card's annual fee is $695 per year for many of the same services. Plus, adding other cardholders costs an extra $2,500 each per year. You'll need to pay a one-time initiation fee of $10,000 on top of a $5,000 annual fee just for the privilege of having a Black Card. The Centurion card annual fee is the highest of all credit cards on the market. As with other corporate cards by American Express, a Black business card will reflect on your personal credit report and not the company's. It may be easier to qualify for the business card. There are two types of Centurion cards: the personal Black card and business version. High spending isn't an official requirement to receive an invitation, but if you plan on getting on the Centurion team's radar, six-figure annual spending is the best way. The rest relies on the financial institution's secret criteria.īlack card holders tend to spend hundreds of thousands of dollars on the card per year. One thing's for certain: You'll need to be an existing American Express cardholder to qualify. In fact, even individuals with an excellent credit score and a long, positive track record with American Express may not be selected to apply. However, we do not discuss benefit, service or selection details publicly." We reached out to American Express, and the company representative's response was, "Centurion offers the highest level of benefits and services to its Members. Closeīefore you get too excited about joining the exclusive club of American Express Black cardholders, keep in mind that much of the information available about the card is anecdotal. If you see inaccuracies in our content, please report the mistake via this form. If we have made an error or published misleading information, we will correct or clarify the article. Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards. Our goal is to deliver the most accurate information and the most knowledgeable advice possible in order to help you make smarter buying decisions on tech gear and a wide array of products and services. ZDNET's editorial team writes on behalf of you, our reader. Indeed, we follow strict guidelines that ensure our editorial content is never influenced by advertisers. Neither ZDNET nor the author are compensated for these independent reviews. This helps support our work, but does not affect what we cover or how, and it does not affect the price you pay. When you click through from our site to a retailer and buy a product or service, we may earn affiliate commissions. And we pore over customer reviews to find out what matters to real people who already own and use the products and services we’re assessing. We gather data from the best available sources, including vendor and retailer listings as well as other relevant and independent reviews sites. ZDNET's recommendations are based on many hours of testing, research, and comparison shopping.
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