The American Express Centurion Card takes the meaning of prestige to a different level.
In the world of cards, American Express Centurion Card has its own aura. Introduced in 1999, it is a charge card with no set spending limit. An exclusive card, cardholders can only be invited by American Express. Here we’ll unpack some of the benefits, benefits, features, limits and fees for this card and how to get invited for this card in Australia.
Who is eligible for the American Express Centurion Card?
As an invitation-only card, American Express hasn’t made the eligibility criteria available to the public. An ideal way to start would be to develop a history with American Express by using other premium services. It is also useful to note that the average household income for cardholders was $1.3 million with assets of $16.3 million in 2011.
Comparison of other credit cards available from American Express
How does the American Express Centurion work?
This is an invitation-only card which is offered to customers who meet a set of eligibility criteria. Although the eligibility criteria are not explicitly stated, it does require a five figure spending bill per month. This card was initially offered to customers who already had the American Express Platinum card and had a higher spending bill.
The card is tailored according to the financial resources of the customers. This allows the cards to be issued without a set spending limit.
What are the features and benefits of using an American Express Centurion card?
An exclusive card only currently in use by an estimate 10,000 in Australia, some of the benefits you could look forward to include:
- Flexibility. The card can be used for personal as well as business use.
- Design. Since 2006 the card is made of anodized titanium with the information and number etched into the metal through laser. In some countries the plastic version is still in use.
- Travel benefits. The customers can access premium airport lounges and clubs. Complimentary companion airline tickets are also available on select airlines.
- Hotel benefits. Exclusive privileges are available at hotel chains like Ritz-Carlton, AmanResorts and more.
- Insurance. Complimentary travel insurance is available if the card is used to cover travel costs.
- Mobile contactless payments. Whether you have an Android, Apple or Samsung device, you can save time at the cash register and pay with the convenience of your smartphone with Android Pay, Apple Pay or Samsung Pay.
What are the fees and limits of the card?
Within Australia, the annual fee for the card is $5,000 with an additional one-time fee of $5,000. The spending limit on the card varies between customers but should suffice for almost any purchase.
The AMEX Centurion is a charge card. What does this mean?
A charge card is used as a payment method while making purchases. Unlike with a credit card, the cardholder must repay this amount by a due date, usually by the end of the month. It does not provide a revolving credit system like a credit card but has a high spending limit or no spending limit.
These charge cards are used for the sake of convenience, providing an easy payment system. They are not linked to any account, like a debit card. American Express Centurion Card gives a new meaning to charge cards by bringing in benefits like concierge services, personal shoppers, travel benefits, comprehensive insurance and much more. However, the real highlight of this card comes through its exclusivity.Back to top
What else could I consider?
American Express Platinum
One of the ways to build a good history with American Express is start with American Express Platinum card which can be applied directly and does not need any personal invitation. The minimum income requirement for the platinum card is $100,000 and the annual fee is $1,200.
American Express Centurion card was designed as a status symbol and has been limited to the elite. Informally called the “black card”, this card has held a high position among ultra-premium cards since its inception. It has no spending limits and offers a host of premium benefits including comprehensive insurance, travel benefits, hotel benefits and much more.Back to top
Frequently Asked Questions
How long would I need to use American Express Platinum card to be invited for this card?
There is no set time, nor is there any guarantee that all the platinum cardholders will be invited. However if you can keep a monthly spend limit of over $10,000 per month and regularly pay the balance, the chances of invitations will increase.
What is the one-time fee?
This fee is charged at the time of processing for the card. In Australia, this fee is $5,000 which was increased from $4,300 on July 11, 2012. Besides this fee the cardholders will also be charged an annual fee of $5,000.
How many people are offered this card every year?
Being an exclusive card, there is very little information available. However, according to estimates there are less than 10,000 cardholders in Australia.