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 has a hefty $10,000 initiation fee, a $5,000 annual fee, and offers many travel perks. The Platinum Card has a $695 annual fee with many travel-related perks, and cardholders can earn points for every dollar spent. Besides the Black and Platinum Cards, American Express offers a line of 17 other cards.
The black card and how to get one
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.
Sorry, Black Cards Are By Invitation Only
Loyal American Express cardholders are likely the most commonly invited, a list that includes both long-time business and personal charge card customers. You can now request an invitation to apply.
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.
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 Mastercard® Black Card™ is best for high-earning consumers with 720 - 850 credit who are looking for a luxury credit card. We recommend this card for those who want a credit card that affords them bragging rights, as this heavy metal black card can do just that.
BTS' Jin and Jungkook
The total bill clocked in at around US$730, according to Kpopstarz and Jin paid for it all with his Hyundai black card. The youngest BTS member was also spotted by fans trying to buy snacks from a vending machine.
That's because Grande is offering it exclusively at the festival's American Express Card Member Lounge for $65. You don't need a Black Card like Ari to get inside, but you'll need to be carrying some form of Amex plastic and link your card to your wristband online.
What is a black card? 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.
'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.
Frieda Reiss, WalletHub Credit Card Analyst
The Mastercard® Black Card's minimum credit limit is $5,000. Given that the Mastercard Black Card is advertised as a “luxury” card and charges an annual fee of $495, applicants may assume it will have a high limit.
The Black Card, in simpler terms, is the biggest flex for a K-pop star. Only the rarest of the rare get a chance to have them. It's a type of luxury credit card that has no upper limit of expenses.
Credit score – You must have an exceptional credit score ranging somewhere between 800 and 850 to qualify. That said, even those who have a bit lower credit scores might still be appealing clients for American Express to reach out to if their annual spending is high enough.
If you make near $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.
1. American Express Centurion Card. The American Express Centurion Card is the most exclusive credit card in the world and commonly known as the “Amex Black Card.” Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.
The highest level American Express card is the Centurion card, which is also known as the 'black card.
But we have it on good authority that celebrities including Beyoncé, Oprah Winfrey, and Jerry Seinfeld, who reportedly received the first-ever Black Card, all carry it. Collectively there are thought to be fewer than 20,000 AmEx Centurion cardholders around the world.
V recently shared a photo of his Black card on Twitter, along with a cute selfie with his dog, Yeontan. V shared a photo of his card in a since-deleted tweet to show ARMYs that he had gotten the 613th card of the available 1,000 cards.
J-Hope. Jung Ho-seok, better known by his stage name J-Hope, is currently the richest BTS member, whose net worth is estimated at around USD 26 million, according to reports. The K-pop idol has amassed his wealth through BTS music production, album sales and songwriting.
Kim Jaejoong – Richest K-Pop Idols (Male)
Kim Jaejoong is considered the richest K-pop Idol. He is a singer, songwriter, actor, director, designer, and businessman. He was a member of the Kpop group JYJ and TVXQ. However, he also had a strong career as an actor in Korean dramas.
A good rule of thumb is to keep your credit utilization under 30 percent. This means that if you have $10,000 in available credit, you don't ever want your balances to go over $3,000. If your balance exceeds the 30 percent ratio, try to pay it off as soon as possible; otherwise, your credit score may suffer.
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.