This Baby Has an American Express Black Card (2024)

FAQs

What is the minimum income for American Express Black Card? ›

Chip Lupo, Credit Card Writer

The American Express Black Card income requirement is reportedly at least $1 million per year. It's rumored that you must also spend and pay off at least $350,000 across your American Express credit cards annually just to get an invitation to apply.

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.

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.

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. And once you qualify, the card is quite expensive.

Amex Black Card Requirements

Have a history of at least one year with American Express. Spend $500,000 or more per year on your Amex credit cards (though some reports say you need to spend upwards of a million dollars every year) Have an exceptional credit score of 800 or higher.

There's no credit limit

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.

The American Express Business Centurion Card, better known as the "black card," has no pre-set spending limit and is typically offered only to high-net-worth individuals. As you might expect, large purchases are regularly made on American Express Business Centurion Card.

Numerous celebs use this American Express card, but Jerry Seinfeld deserves a special mention here. The comedian appeared in American Express commercials in the '90s, and he claims to have been given the first Amex Black Card.

What is the most prestigious credit card? One of the world's most prestigious credit cards is the Centurion® Card from American Express*. Though there may be other cards with more elaborate benefits, those cards are kept well under wraps.

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.

Do you have to be a millionaire to have a Black Card? ›

You need an invite from American Express to open the American Express Centurion Card. There are no hard-and-fast rules on who gets invited, but it reportedly takes at least $500,000 to $1 million in annual spending.

Amex Centurion: How to earn rewards

For a card that's so far above the rest of the pack of ultra-premium cards as to basically be in its own category, the Amex Centurion card has a surprisingly lackluster rewards rate of just 1 Membership Rewards point per dollar spent. And, there's no welcome bonus with this card.

Having a black card is like having the keys to a private paradise of benefits. Cardholders gain access to concierge services, which offer a superior degree of personal help, similar to a private secretary who's ready to assist with any need.

While AmEx services over 100 million cardholders, there are estimates that AmEx only has 100,000 Centurion cardholders worldwide.

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.

The Amex Blue Cash Everyday has no disclosed minimum income requirement. However, as with any credit card, you will need to have sufficient income to afford payments. When applying, your total annual income may include wages, retirement income, rental properties and other personal income you can rely upon.

There isn't a published income requirement for the Amex Platinum Card^®. However, income is a factor that's considered and having a higher income will help improve your approval odds.

Like all American Express Canada Cards, there is no minimum income requirement. Earn up to 110,000 bonus Membership Rewards^® points.

Their goal is that you don't default on payments by having too much debt and not pay it off. When you're under financial review, they'll freeze all of your accounts, and you'll need to send in documents about your income. They will request tax returns and bank statements.