others’ reactions when you use the card.)Įach benefits package is customized to the cardholder based on her/his lifestyle and region, with a big emphasis on airline and hotel upgrades and exclusive Members Only experiences. (Let’s not underestimate what one cardholder calls “the plunk factor”- i.e. Related: Best Credit Cards That Waive Foreign Transaction Fees Key benefitsĪre you sitting down? The Centurion® card comes with a cornucopia of tangible and intangible benefits. There are no foreign transaction fees, but there is a $38 late or returned payment penalty and an annual interest rate of 30% for unpaid balances. To keep the card, you must maintain a high annual level of spending (generally above $250,000). You can have up to two additional cardholders for $2,500 per year. Members and authorized users receive two cards: the black charge card and an access card for the airport lounges. The initiation fee for the hand-forged, hand-engraved, and embossed Centurion® card is $7,500, with an additional annual fee of $2,500. The adage, “If you have to ask the price, you can’t afford it,” comes to mind, because the card’s fees are certainly steep. The illusive invitation is only the first hurdle. Extra-large charges are approved on a case-by-case basis, so don’t forget to give Amex a call before you buy your Modigliani. Cardholders have used it to buy jets, a Bentley, a $170 million Modigliani painting at Christie’s auction, and pretty much anything else that money can buy-as long as the balance is paid in full at the end of the month. The Centurion® card is not a credit card but a charge card. Both business and personal versions of the card are available. The average cardholder’s annual income is $1.8 million USD, and the average net worth of Centurion® cardholders is $11.4 million USD. Rumour also has it that if you have high deposits at a private bank, your banker could approach American Express on your behalf to request an invitation. Spend at least $100,000 to $450,000 a year on another American Express card, typically The Platinum Card®.Own an American Express credit card for at least one year.In order to be considered for a Centurion® card in Canada, you have to meet the following criteria: According to a long-time Centurion® cardholder based in Western Canada, “the invitation came in a beautiful black mahogany box with a prototype of the actual titanium card, engraved with my name, along with a catalogue of the range of benefits. One fine day you may receive an invitation to become a Centurion® club member. His titanium Black Card, in the pocket of his suit vest, slowed down an assassin’s bullet.Īs the tagline goes, “Don’t leave home without it.” How can you get a Centurion® Card? It might even save your life, as it did in 2016 for Calgary real estate developer Riaz Mamdani. Except, unlike the maligned blue-tinted stone, the Centurion® Card bestows perks galore upon those who own it, such as limitless spending, free companion flight tickets, free hotel nights, superior lounge access, and more. Launched in the United States 25 years ago and available in Canada since 2009, the invitation-only card has as much lore as the Hope Diamond. And, in charge cards, it’s The American Express Centurion® Card. In bespoke handbags, it’s the Hermes Birkin. We may receive a commission for products or services you sign up for through partner links. Please be aware this post may contain links to products from our partners. We adhere to strict standards of editorial integrity to help you make decisions with confidence.
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