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13-Sep-2016 18:00

The Centurion has gone back and forth from being invitation only to open application.Currently, it is back to being offered by invitation only, but I’m sure if you met the spending qualifications on an existing Am Ex charge card and were willing to pay the fee, you could make inquiries and be given the opportunity to apply.Once you do that, you meet the spending requirement.There has been talk of keeping the card exclusive by increasing that requirement to 0,000 or even a million, plus requiring that amount to be spent every year.When the card was initially released it was only offered to a few thousand people (celebrities, wealthy business moguls, etc).Although the American Express black card requirements have grown even tighter over time, that hasn’t stopped the exclusive member base from ballooning. According to some investigative work a few years ago regarding the number of lucky individuals who have the American Express Centurion card, it is estimated that possibly up to 100,000 people worldwide have the card, with roughly 20-40% of those cardmembers being based in the United States.

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In addition, they’ve now tacked on a ,500 so-called “initiation fee” just to get the card.The early Centurion cardmembers are lucky – some are rumored to still be paying a ,000 annual fee. Well, it’s a common practice in the credit card industry to lock in your original terms (future annual fee increases won’t apply to you).Now, I bet those early cardmembers are happy they got the card for “only” a single grand, right?You would think with such a drastic fee increase, that the benefits must have improved, right? Many feel the concierge service quality has diminished the past few years.

The American Express black card qualifications include spending 0,000 in a given year on another Am Ex card.

That means you must have an existing American Express card (most likely a Platinum Card) for one year or more, and spend (and pay off) at least 0,000 over the course of a year.