I checked with my wife, who has a much better memory than I, and it was a $5000 annual fee, and this was definitely an amex black. I guess they lost me by the time I got to the second zero. I didn't see anything about minimum charges per year, but that was probably in fine print I didn't read. Since our total charging is under $50K per year on all our cards combined I don' t think we make the cut. I think they just made a mistake.
If you want to hear about really bad mistakes, our dog gets junk mail. I don't know how she got on a mailing list, but somehow she did. One time we got a credit card solicitation for her from a bank I never heard of. I was half tempted to send it in.
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Originally Posted by MRM
That offer sounds more like the AMEX Reserve Rewards card. It's a high-end card but not exclusive like the ones the OP was asking about.
Yahoo's front page had this article on exclusive credit cards today. It's superficial but a little interesting.
invitation-only-credit-cards: Personal Finance News from Yahoo! Finance
I think you have to be both truly rich and into the flash of appearing very rich in order for the secret exclusive cards to make any sense. It's pretty common knowledge that many of the invitation-only cards require $250,000 in charging per year. The Black card will get you into secret sales and travel stuff, but you'd have to be into the whole superficial scene for it to mean anything to you. You can get the same concierge service any number of places. If you're spending $250,000 a year on clothes and travel, someone would be willing to offer you that service for free. |