What Credit Card Do Billionaires Use? (2024)

FAQs

What Credit Card Do Billionaires Use? ›

What Credit Card Do the Super Rich Use? The super rich use a variety of different credit cards, many of which have strict requirements to obtain, such as invitation only or a high minimum net worth. Such cards include the American Express Centurion (Black Card) and the JP Morgan Chase Reserve.

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.

And although a lot of celebrities are using chase cards, not every one of them. In fact, over 70% of celebrities are using this one bank. to spend all of their money. through American Express accounts. For almost all of celebrities purchasing because it's American Express.

Amex Black Card Requirements

Have a history of at least one year with American Express. Spend $500,000 or more per year on your Amex credit cards (though some reports say you need to spend upwards of a million dollars every year)

The best credit card overall is the Wells Fargo Active Cash® Card because it gives 2% cash rewards on all purchases and has a $0 annual fee. For comparison purposes, the average cash rewards card in 2024 gives about 1% back.

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.

Centurion® Card from American Express

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

The Kardashian Prepaid MasterCard is "a fast and convenient way to manage money," according to its official website, but the card has come under scrutiny due to its terms, conditions and fees.

American Express has neither confirmed nor denied the rumor. Other rich and famous people known to use an American Express Business Centurion Card include: Beyonce.

The requirements to qualify for the Centurion Card are somewhat murky, with no published qualifications from American Express. Some reports show that you must spend $250,000 to $450,000 or more on another American Express card to be considered. The card likely requires an excellent credit score of 800 or higher.

What is a black card limit? ›

The American Express Business Centurion Card, better known as the "black card," has no pre-set spending limit and is typically offered only to high-net-worth individuals.

There's no credit limit

The American Express Black Card doesn't have a pre-set spending limit, so cardholders can spend as much as they want every month. But that's only the case if they can afford it. The Centurion® Card from American Express is a charge card, so cardholders can't carry a balance.

The American Express Black Card income requirement is reportedly at least $1 million per year. It's rumored that you must also spend and pay off at least $350,000 across your American Express credit cards annually just to get an invitation to apply.

The best credit card for a 800 credit score is the Chase Sapphire Preferred because it offers an initial rewards bonus of 60,000 bonus points for spending $4,000 in the first 3 months, as well as 1 - 5 points per $1 spent on purchases. The card charges a $95 annual fee.

First Progress Platinum Elite Secured Mastercard: The First Progress Platinum Elite Secured Mastercard requires no credit history or minimum credit score for approval. Your security deposit is refundable, and the card is accepted nationwide.

A platinum credit card is usually a bank's most expensive or the top-tier card, second only to a titanium, black or diamond card if offered by the bank. It is often in the form of a rewards credit card.

Introduced in the last year of the 20th century, the American Express Centurion Card, commonly referred to as the 'Amex Black Card,' redefined luxury within financial circles. It transformed from a mere payment mechanism into a coveted symbol of wealth and distinction.

1. Chase Sapphire Reserve. The Chase Sapphire Reserve is Chase's version of a luxury credit card, but instead of earning Membership Rewards points — as you do with the Amex Platinum— you're earning Chase Ultimate Rewards^® points.