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Monday, September 3, 2018

5 Best Credit Cards High Net Worth

Ever wondered what is in an ultra-rich wallet (other than a lot of money)? One answer: some exclusive credit cards that only a few people know. Even some of the richest people in the world do not qualify for all these cards.

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Of course, companies that offer this card do not print mailers that reveal all the details. These cards are only for invitations and for many of them, you will not find web pages that highlight their features. Here are five of the most exclusive and elite cards.

1. American Express Centurion Card

You might know it as a "black card". Open the American Express website and all you find is a small picture of the card with the required disclosure statement. This "invitation-only" card requires that you have been a platinum card holder for at least one year and have spent a minimum of $ 250,000 over the past year. Some reports say that you need to generate around $ 1.3 million per year and have a net worth of around $ 16 million.

Card facilities include access to the very exclusive Centurion lounge located at certain airports; platinum status in Delta and US Airways; A rumored 24/7 concierge service will give you a table in any restaurant, any airline seat or whatever extravagant request you have. About the only thing American Express will officially disclose is a $ 7,500 initiation fee, an annual fee of $ 2,500 per card and all other necessary disclosures.

If you are a smart AmEx observer, you might notice that most of Centurion's benefits are available with platinum cards that are much cheaper and exclusive (see Using the Benefits of Platinum AmEx). But along with the status of having a Centurion card (made of titanium, by the way), the sitting room and that extra attention can be of value to someone.

2. Dubai First Royale MasterCard

According to Dubai First, "Royale Card is the first World MasterCard embedded in diamonds in the region that changes the standard of luxury. These are only available by invitation and bespoke for a select group of people representing the royal family and upper echelons of the social and business community. "

Are you royal or in the upper echelon? Most people will say no - but if you are, you might qualify for this card, which has a gold trim on the left and top of a card and a .235 carat diamond in the middle.

There is no credit limit and, according to an official at the bank, if you request a month, they try to get it. This card comes with a "lifestyle manager" team available 24/7 - even, maybe, if a diamond falls from your card.

3. Citigroup Black Chairman Card

This card is equivalent to the JP Morgan Palladium card. Only available to Citi's private banking clients, these cards come with an annual fee of $ 500 and many of the same facilities that you normally see with ultra high-end cards. Get access to exclusive airport lounges, increased travel, personal concierge, and more.

4. JP Morgan Palladium

If you belong to 1% of 1% - and you are in the market for an ultra-rich card - you probably won't see much further than Centurion. But what about cards made of gold and 24-carat palladium? According to one estimate, only a physical card from JP Morgan might be worth at least $ 1,000. What are the benefits of the 24 carats given?

You do not get a card for two points for every dollar spent on a trip or one point in another place it gives. You may not care about the extra points you get after spending $ 100,000 in one year. What makes a big difference is the concierge service - people who will get tickets for anything and (as a benefit guide rumored to say) "an almost unlimited array of unique offers, the convenience of saving people time and expertise."

To get this card, you must be a JP Morgan Private Bank client (or a Chase Private Client client or a similar JP Morgan Chase customer).

5. Stratus Rewards Visa

Unlike the Black card (although almost as exclusive) is Stratus Rewards Visa "White" card.

This card is also only available by invitation and only for individuals with high net worth, although the membership is relatively affordable at $ 1,500 a year. For this fee, cardholders get reward points that they can use for things like private jets or charter flights, as well as upgrading luxury hotels and other facilities.

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