Credit rating American Express Black Card known as the Centurion Card
If you have never heard of the American Express Black Card or the Centurion card as it is often called maybe it is because this card is exclusively for those who meet the strictest of standards set by American Express. This is an exclusive credit card for those who have an income and credit rating unlike most of the country.
When certain criteria are met an invitation from American Express will be sent along for the Centurion credit card. The requirements are quite different from the other credit cards you may have had in the past. This credit card charges $2500 for their annual fee and there is another fee that must be paid which is an initiation fee of $5000 for the first year.
As with anything new or different, a sort of urban legend started to circulate about the ‘black credit card’. The legend said there was a black credit card that allowed celebrities and persons of high rank unlimited credit and the ability to visit very high class stores after business hours. The unconfirmed reports first started being spread in the 1980s. The truth of the matter was it was not a credit card at all but an information card that had American Express Travel numbers as well as hotel assistants services numbers.
It was also rumored that the black credit card enables the cardholder to buy anything in any establishments or avail of any luxurious services. Since it was just a mystery, the card never really existed and nobody ever really had it.
In the year 1999, when the rumor was so controversial, American Express grabbed it and used it in the creation and development of a new card. In addition to their credit cards, they made such card with the exclusive features of high end privileges and benefits like no other cards available worldwide. The card was known as Centurion Card and it was only offered to Platinum cardholders who met the strictest criteria.
American Express sends invitations to qualified cardholders. Once the cardholder is qualified to have met the criteria, he will then be invited to avail the Centurion card. For cardholders located in different countries, they can also be qualified as applicants by the American Express through sending the invitation. The Platinum card will serve as the exclusive “invitation only” Centurion Card that is electronically linked to the American Express.
When the Centurion card was first issued it had an annual fee of $1000 but it was soon raised to the fee charged now of $2500. The first person deemed worthy of having one of these credit cards was comedian, Jerry Seinfeld. Part of the reason for this may have been because he was a spokesperson for American Express.
As long as there are urban legends circulating, the ones about the Centurion black credit card will probably persist. The tales of exclusive stores being closed for the whim of one person who wanted them all to himself to shop are only part of the rumors that have been told. Until a new rumor comes along to take the place of the old ones or people tire of the stories surrounding the black credit card, the tales will get more elaborate. Who knows what will be next?
If you want to learn the exact steps it takes to qualify for the American Express Black Card, check out BlackCardToday.com – they’ve got it nailed down to a science.
credit rating: credit score
This article, the best article ever, kindly provided by UberArticles.com
under → credit rating
