As far as exclusive and prestigious charge cards go, the American Express (NYSE:AXP) Centurion card, better known simply as the “black card,” is at the top of the list. The perks of the card, as well as the recognition you get when using it, are simply beyond those of any competitors’ products. If you’ve ever dreamed of putting this titanium charge card in your wallet, here’s what you need to know.
Woman holding black card
COULD YOUR NAME GO HERE? AMERICAN EXPRESS WILL BE THE JUDGE. IMAGE SOURCE: GETTY IMAGES.
What is the Centurion card?
The Centurion was designed by American Express to be the most exclusive and desirable “club” of cardholders in the world, and it has certainly been a success so far. It is estimated that there are about 100,000 Centurion members around the world, and between 20%-40% of those reside in the U.S., many of whom are celebrities and the ultra-rich.
In order to maintain the card’s exclusive and mysterious image, American Express doesn’t make much information about the card public. In fact, the only thing we know for certain about the Centurion card is the cost of having one: a $7,500 initiation fee plus a $2,500 annual fee for each card on the account (you can have up to two).