For the price however, you get a smorgasbord of features, including travel statement credits, airline lounge access, discounts or upgrades at luxury hotels and more. These cards require a very strong credit score and demand a high annual fee - up to $550 in many cases. These include cards such as the Chase Sapphire Reserve, The Platinum Card from American Express, and the Luxury Card Mastercard® Black Card™, which is often mistaken for the Amex Black Card. However, there are a number of “luxury” cards on the market that cardholders with a good credit score can get. Let’s be real: many of the most prestigous credit cards listed on this page are out of reach for most US consumers. Back to top The most prestigious credit cards you can actually get And we can’t wait to see you with an exclusive credit card of your own. We’re thrilled to share with you everything we know. Regardless of where you are in your financial journey, Finder is here to support you. Doing that involves mastering financial principles like saving, investing and using credit responsibly. If you’d like one of these cards, start building your wealth slowly. You may also need to be a private banking customer of the issuing bank. They’re typically offered by invite-only, and you’ll find they’re designed for the highest earners and spenders - with distinctive perks ranging from generous rewards programs and insurance policies to dedicated concierge services, travel credits and more.įor the most part, getting an invite for an exclusive credit card requires a high net worth and an excellent credit score. In the case of credit cards, black credit cards are the top rung of the status ladder, offering more premium features and services than platinum, gold and standard options. The use of the term “black” for this type of credit card refers to the level of the account, similar to how airline and hotel programs have different status levels. But if your coffers sound truly endless, the bank may allow literally any purchase your heart desires.Ī black credit card is a premium credit card that offers more status and benefits than standard, gold or platinum credit cards. Of course, your provider may cut you off if your spending appears to exceed what your net worth allows. Exclusive credit cards often come with extremely generous credit limits. Be a private banking customer of Santander.Ĭonsider applying only with an excellent credit score.Have at least $10 million in a Merrill Lynch account. Receive a referral from an existing cardmember or Straus Rewards partner company. Meet Coutts’ requirements for net worth (e.g., bring investable assets totaling more than 1 million pounds or prove that you will imminently come into wealth). You’re royalty or a high-net-worth individual in the UAE.Have at least $10 million in assets managed by J.P.Spend and pay off at least $250,000 across your Amex accounts in a single year. How much do these exclusive cards cost? Card This card’s construction is so exclusive, Luxury Card protects its design - loaded with gold, stainless steel and carbon - with 46 global patents. All international money transfer services.GOBankingRates does not receive commission for these products. Please see the issuer’s website for current information. The information related to the Chase Ritz-Carlton Rewards and Marriott Bonvoy cards was collected by GOBankingRates and has not been reviewed or provided by the issuer of these products/cards. These offers are not available through GOBankingRates. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.Īll information about American Express card offers has been collected independently by GOBankingRates and has not been reviewed or approved by American Express. 20, 2023, and is subject to change.Įditorial Note: This content is not provided by any entity covered in this article. Nicole Spector and Cynthia Measom contributed to the reporting for this article. That may sound like you’re totally roped off from acquiring these cards, but by building your wealth and using your existing credit responsibly, a black card could be in your future. Though the saying, “ If you have to ask, you can’t afford it,” is in play here. Requirements for these cards are often kept under wraps, so it can be hard to determine the exact income, asset or spending levels that are needed to qualify. Another possibility for receiving a coveted invitation is by having an account at a bank that is well aware of your income level, assets and outstanding credit - and/or if the issuing bank manages those assets. Black card issuers typically only consider clients who spend upwards of six figures a year with their credit card.
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