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Saturday, January 10, 2009

The Rumors about the American Express Black Card

By Gray Rollins

If you are using a credit card for your purchases, you are probably aware of its privileges. When it comes to privileges, American Express was rumored to have issued a Centurion Card or the black card that features extra ordinary exclusive benefits to high ranking and dignitary celebrities and private individuals. It has been rumored that the cardholder is entitled to many benefits and privileges.

When certain criteria are met an invitation from American Express will be sent along for the Centurion credit card. The requirements are quite different from the other credit cards you may have had in the past. This credit card charges $2500 for their annual fee and there is another fee that must be paid which is an initiation fee of $5000 for the first year.

The black credit card started from a legend which states that American Express issued the black credit card to its cardholders; most of them are celebrities and well-off personalities, allowing them to avail high class products and services from high class establishments. The fact behind this rumor was the information card issued by the American Express to cardholders containing important American Express Travel numbers and hotel assistant services numbers.

When the Centurion credit card was first heard of there were a number of rumors that surfaced about the mysterious black credit card. One was that if you had one of these types of cards you could buy anything you wanted to buy. There never was actually anyone who had this card but they had friends who had seen someone using one of them.

In the year 1999, when the rumor was so controversial, American Express grabbed it and used it in the creation and development of a new card. In addition to their credit cards, they made such card with the exclusive features of high end privileges and benefits like no other cards available worldwide. The card was known as Centurion Card and it was only offered to Platinum cardholders who met the strictest criteria.

American Express sends invitations to qualified cardholders. Once the cardholder is qualified to have met the criteria, he will then be invited to avail the Centurion card. For cardholders located in different countries, they can also be qualified as applicants by the American Express through sending the invitation. The Platinum card will serve as the exclusive "invitation only" Centurion Card that is electronically linked to the American Express.

American Express black Centurion card started in 1999 with an introduction of $1000 as an annual fee and a one-time initiation fee of $5000. Now the annual fee was raised to $2500, the highest annual fee for credit cards as of today. Among the first persons who availed it was the comedian and American Express spokesperson, Jerry Seinfeld.

As long as there are urban legends circulating, the ones about the Centurion black credit card will probably persist. The tales of exclusive stores being closed for the whim of one person who wanted them all to himself to shop are only part of the rumors that have been told. Until a new rumor comes along to take the place of the old ones or people tire of the stories surrounding the black credit card, the tales will get more elaborate. Who knows what will be next?

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