When it comes to exclusivity in the credit card world, the American Express Centurion card has traditionally been the first card to come to mind. Reports have indicated that those holding this card must charge at least $250,000 per year and only those that receive a personal invitation to the card are able to even apply. Since the card has such an exclusive membership, it is actually quite difficult to get much information about the card. What is known is that the card is intended for those that travel often and shop at elite stores. Basically, it is meant for those that are used to receiving special treatment
Like many credit cards, this one has a number of perks. These perks are particularly attractive, such as receiving free companion airline tickets or first class upgrades. Cardholders also reportedly receive special deals from hotels and receive personal shoppers at exclusive stores. The initiation fee for this card is reportedly $5,000 and it has a $2,500 annual fee. This explains why there are only about 10,000 American Express Centurion cardholders out there.
If you are interested in receiving a prestige credit card that provides you with special treatment without such outrages fees, you might want to turn to some Visa and MasterCard credit cards instead. The Visa Signature Cards and the World MasterCards are also prestige cards that are a little more in the reach of the average Joe.
These credit cards offer benefits such as points toward flights, travel rebates, VIP restaurant reservations, extra travel insurance, hotel discounts, discounts at spas and stores, and more. Yet, many of these cards do not have annual fees and you can get a number of extra benefits, including extended 0% APR introductory periods.
In order to qualify for one of the cards with the better benefits and a lower APR, you should earn somewhere in the area of $125,000 per year and spend a minimum of $2,000 per month on your card. If this sounds like you, you should look into getting one of these cards in order to get as much out of your credit card as possible.