American Express Black Card

“Don’t leave home without it,” American Express has always told us. When it comes to the Black Card, that’s easier said than done. For those who travel extensively and have deep pockets, the company cleverly introduced a mysterious “black card” in 1999 that is officially known as the Centurion Card from American Express (not to be confused with the Mastercard Black Card).

What makes the product unique (and desirable) is that it’s an invitation-only card and the company doesn't publicize what you need to do in order to qualify. But based on the lucky (?) few that got invited, here is how you might qualify: own an American Express credit card for at least one year, spend at least $100,000 - $450,000 a year, earn at least $1 million annually, and have a high net worth. If you do get invited to the dance, the fees are quite steep: an initiation fee of $5,000-$7,500; an annual fee of $2,500 and another $2,500 for up to two authorized users.

In return for this “investment,” members receive one point per $1 spent on all purchases, a $200 Annual Air Travel Credit, airport lounge entry, unlimited first class upgrades five days before you fly with Delta, rental car benefits from Hertz that guarantee you complimentary vehicle upgrades and weekend pricing beginning at 7 a.m. on Thursdays, and a first crack at ticket sales for exclusive Centurion card events. Whether people who make $1 million a year worry about securing weekend pricing for a rental car is an open question...but if you just want the black card to impress other people, you’d better go out and start spending.