4 Credit Cards for the Super Rich (2024)

For people of average wealth, credit cards are ways to get by when money is tight, make additional purchases, or earn generic rewards. The super rich, however, have access to cards that give them luxurious perks, helping them to further fund their extravagant lifestyles. Many of these exclusive credit cards come only through invitation or by achieving specific benchmarks.

Key Takeaways

  • Ordinary people use a credit card to make purchases when cash is not readily available, with many Americans carrying a balance month to month.
  • For the ultra-wealthy, however, credit cards are used for accumulating perks, rewards, and flaunting status.
  • Many of these cards are available by invitation only, and stringent wealth requirements must be met to qualify for them.

1. American Express Centurion Card

The American Express Centurion Card is the most exclusive credit card in the world and is commonly known as the “Amex Black Card.” Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.

The Centurion card is so exclusive that American Express won’t release the card’s full details or say how one can become a cardholder. According to reporting by Credit Karma, you need to spend at least several hundred thousand dollars a year on an American Express card and have an income of at least $1 million annually.

Condé Nast Traveler reports that you also have to have specific spending habits, with Amex prioritizing those whose purchases tend toward luxury goods, dining, events, and travel.

Initially, you had to be invited by American Express to get the card. More recently, however, you are allowed to apply if you are already an American Express cardholder. If you are approved, you will need to pay an initial fee of $10,000 and an annual fee of $5,000. The annual percentage rate (APR) for cash advances is the prime rate plus 21.99% and capped at 29.99%. There is also a pay-over-time feature that allows you to carry a balance and pay interest on it.

Another popular American Express card with luxury benefits but less elite than the Black Card is their Platinum Card.

Nowhere does American Express delineate the Black Card’s rewards and perks; however, according to Condé Nast Traveler, which interviewed cardholder Brian Kelly, CEO of the Points Guy, it offers elite traveling status in airports whisking you through security and into private waiting lounges, as well as the Centurion International Arrival Services, which gets you off the plane and navigates customs and immigration for you.

Other programs include the Centurion Hotel Program, for booking, upgrades, and on-property credits, and the Centurion Dining Program, for hard-to-get tables at exclusive restaurants and private wine tastings and tours.

Kelly's favorite program is Centurion Concierge, which provided him with a dedicated concierge who arranged everything from prime tickets to a sold-out Celine Dion concert at the last minute to private tours in cities around the world and access to exclusive Amex cardholder events with cooking and tennis celebrities. The concierge was also instrumental in changing travel plans quickly during emergencies, helping to escape a volcanic eruption on Bali, and navigating through sudden travel restrictions.

2. JP Morgan Reserve Card

The JP Morgan Reserve credit card is made of laser-etched palladium and gold (it used to be called the “Palladium Card”) and is available by invitation only, with requirements unstated by Chase. However, according to The Points Guy, to get an invitation you must have at least $10 million in investable assets with JP Morgan’s asset management. Unlike the American Express Centurion Card, the Reserve card has an annual fee of only $595.

The card has liberal perks and rewards. Each dollar that a cardholder spends on travel and dining results in three points toward the card’s reward benefits, and you can qualify for a $300 annual travel credit.

New car purchases are covered for 120 days against damage or theft up to $10,000 per claim, with an annual cap of $50,000. Chase has real-time fraud monitoring and around-the-clock fraud alerts. You get zero liability protection, meaning you won't be held responsible for any unauthorized charges, and have 24/7 access to a customer service specialist and worldwide travel assistance.

3. Dubai First Royal MasterCard

The Dubai First Royal MasterCard is trimmed in gold, with a diamond embedded in the center of the card. Consumers must receive an invitation from Dubai First to become cardholders.

It comes with some amazing perks. Cardholders have access to a team of 24/7 lifestyle managers whose sole purpose is to meet their every request. Additionally, the card has no credit limit and zero restrictions, allowing cardholders to spend as much as they want.

4. Coutts World Silk Card

Queen Elizabeth II used the Coutts World Silk Card, as do at least 100 other people who have $1 million or more in a Coutts account. Known as England’s most exclusive credit card, the Coutts World Silk Card comes with a 24/7 concierge service, access to exclusive airport lounges, and private shopping at designer stores.

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.

Do the Rich Have Credit Cards?

Yes, the rich have credit cards and use them for the same purposes that everyone does; they come with perks, they provide a variety of services, and they remove the need for carrying large amounts of cash. High-net-worth Americans hold at least two to four credit cards.

How Much Money Do You Need to Have an American Express Black Card?

American Express does not publish its requirements for receiving a Black Card, though it has been said that it requires individuals to have spent between $350,000 and $500,000 on all of their American Express cards in a calendar year.

4 Credit Cards for the Super Rich (2024)


4 Credit Cards for the Super Rich? ›

The four major credit card networks in the United States are Visa, Mastercard, American Express and Discover.

What are the 4 big credit cards? ›

The four major credit card networks in the United States are Visa, Mastercard, American Express and Discover.

What credit card screams rich? ›

Credit cards that make you look rich are exclusive cards with high credit limits, such as the Centurion® Card from American Express or the J.P. Morgan Reserve Credit Card. Both cards come with great perks like concierge service and travel benefits, and require applicants to have very high incomes and an invite.

What is the credit card of the rich? ›

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 credit card do most millionaires have? ›

Bank of America and American Express are the most popular credit card issuers among high-net-worth Americans. Despite the wealthiest being associated with luxury credit cards and so-called "black cards," Bank of America is the most popular credit card issuer among millionaires.

Do billionaires use credit cards? ›

For the ultra-wealthy, however, credit cards are used for accumulating perks, rewards, and flaunting status. Many of these cards are available by invitation only, and stringent wealth requirements must be met to qualify for them.

Which is the most elite credit card? ›

Most Prestigious Credit Cards in 2024
  • Centurion® Card from American Express: Most Prestigious Overall.
  • The Platinum Card® from American Express: Airport Lounge Access.
  • Chase Sapphire Reserve®: Visa Infinite Concierge.
  • Capital One Venture X Rewards Credit Card (see Rates & Fees): Generous Rewards.

Does Beyonce have a credit card? ›

Other rich and famous people known to use an American Express Business Centurion Card include: Beyonce. Oprah. Mark Cuban.

Do rich people use Capital One? ›

Here are the most popular banks among the wealthy: Bank of America (50%) American Express (38%) Capital One (35%)

What is the #1 credit card to have? ›

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.

Is a black card a credit card? ›

A black credit card is an ultra-exclusive card offered by some card issuers and typically reserved for their wealthiest customers. A black card is considered a status symbol in pop culture, in part by requiring card spending in the tens or hundreds of thousands to be considered for one, among other criteria.

How to get Chase black card? ›

Unfortunately, getting an invite is typically the only way to get a black credit card of your own. With the exception of the Mastercard Black Card from Luxury Card, you can't simply hop online and apply for a black card just because you want one.

Who can carry a black card? ›

Generally, a card issuer invites only their most loyal customers who spend upwards of six figures or more a year to become a black cardholder.

What credit card has a $100000 limit? ›

On our list, the Ramp Corporate Card and the Chase Ink Business Premier Preferred Credit Card offer the best opportunity to access a $100,000 credit limit. Ramp determines your spending limit based on factors like your cash-on-hands and monthly expenses, while Chase uses creditworthiness to calculate your credit limit.

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.

What are the three top credit cards? ›

Chase Freedom Unlimited®: Best feature: Flexible cash back rewards. Discover it® Cash Back: Best feature: Cash back on everyday purchases. Wells Fargo Reflect® Card: Best feature: Lengthy 0% introductory APR. Delta SkyMiles® Gold American Express Card: Best feature: Delta Air Lines rewards.

What is the hardest Capital One credit card to get? ›

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.

Is a black card better than platinum? ›

Bottom Line: The Amex Platinum card has better earning potential than the Mastercard Black card. Membership Rewards points earned on the Amex Platinum card also offer greater potential value at redemption time when transferred to airline and hotel partners.


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