What Credit Card Do Billionaires Use? (2024)

FAQs

Which credit card do rich people use? ›

In a world where wealth and status are often interlinked, the black credit card stands as a pinnacle of fiscal prestige. Embodied by the illustrious Centurion® Card from American Express, colloquially known as the 'Amex Black Card', these cards are more than a payment method ᅳ they're a statement.

What are the most prestigious credit cards? The most prestigious credit card is the Centurion® Card from American Express, which is also known as the Amex Black Card. This card requires applicants to meet very high income and spending standards to even qualify, and you can only apply if you receive an invitation.

What is the most prestigious credit card? One of the world's most prestigious credit cards is the Centurion® Card from American Express*. Though there may be other cards with more elaborate benefits, those cards are kept well under wraps.

Stars Love Amex, But Not The “Black Card”: 19 of the 27 celebrity wallets we examined contain an American Express credit card. The Amex Green Card and the Gold Rewards Business Card are the most popular, by far.

The Centurion® Card from American Express is one of the world's most elite credit cards because it requires an invitation to apply and is very prestigious to own. You reportedly need to earn at least $1 million per year and spend at least $350,000 annually on Amex cards just to be eligible.

Black card credit limit

Like many details with black cards, there's not a clear cut answer. The Centurion® Card from American Express is a charge card with no set credit limit. Amex does have a Pay Over Time option, which allows you to make monthly payments on certain purchases.

Capital One Venture X Rewards Credit Card

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395. You get a lot in return, though.

The biggest mistake you can make with credit cards is to carry a balance every month, financial planners say. While credit cards are a convenient way to spend money, they have punishingly high interest rates that now average 20.75%, according to Bankrate's most recent data.

The American Express Centurion Card, colloquially known as the Black Card, is a charge card issued by American Express. It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card.

The most widely accepted credit card brand is Mastercard, which is accepted in 210+ countries and territories. Virtually all merchants that take credit cards in those countries and territories will accept Mastercard, though there may be rare exceptions.

What card is better than Amex Platinum? ›

Winner: Chase Sapphire Reserve®, since the annual travel credit is more flexible than Amex Platinum's. Amex Platinum Card: Up to a $100 fee credit for Global Entry or TSA PreCheck application. $189 annual CLEAR Plus credit.

On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.

American Express Centurion Black Card

This credit card is only offered to a select number of customers. Famous people rumored to have this card include Oprah, Beyoncé and Jerry Seinfeld, according to CondeNast Traveler.

Yes, and so should you. If you use a credit card, you're more like millionaires than you may think. Although most adults have credit cards, millionaires are even more likely to use them.

Commenting on the card publicly, posting about it on social media, or even just flashing it around are all apparently frowned upon. But we have it on good authority that celebrities including Beyoncé, Oprah Winfrey, and Jerry Seinfeld, who reportedly received the first-ever Black Card, all carry it.

The American Express Centurion Card is the original black credit card and still the most expensive, with a one-time initiation fee of $10,000 and a $5,000 annual fee.

Instead, they can take loans against their shares. Securities based lending, securities based lines of credit, home equity lines of credit and structured lending are options for leveraging assets without selling them. These loans tend to have relatively low interest rates because they are collateralized.

A black credit card is a type of extremely exclusive credit card that is almost solely reserved for the ultrawealthy. Typically, the cards are available on an invitation-only basis. The threshold for entry into this elite echelon of card ownership is incredibly high, as are the annual fees.