Thursday, August 20, 2009

Centurion Card aka The Black Card

The Centurion Card, popularly known as the Black Card, is a charge card issued by American Express. The card is available in select markets, mainly the US, Canada, Europe, Japan and Australia. The Centurion Card provides access to a range of benefits, depending on the country where the card is issued. In the 1980's, urban legends circulated about a black credit card of high spending power. While those legends were false at the time, American Express decided to capitalize on them by introducing the Black Centurion card in 1999 [1].

To become a Centurion cardholder, one must meet American Express's strict criteria. Cardholders are required to pay an annual fee, and in some countries also an initiation fee.

US$ 2,500 + One-time joining
fee of US$ 5,000

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