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  1. #1
    Registered User Semi Pro Member
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    414

    2 Elite AMEX Cards

    AmEx Centurion (also called the American Express Black): an invitation only card with an yearly cost of $2,500, plus their one-time $5,000 application fee. Wow, that dwarfs what mortgage lenders used to get away with in years past of a $400-$500 application fee.

    American Express Platinum
    - a step down from the Black card but it also has an annual fee of $450. However, the perks more than surpass the cost. For example, you get a $200 credit towards airline incidental, a $100 credit to the Global Entry program which allows to bypass customs' waiting lines, and entry to preferred Priority Pass, Delta, Centurion and Airspace lounges. Moreover, cardholders get invitation-only events, companion tickets, and improved rental car coverage compared to different AMEX cards like Gold and Green

    Last edited by Frank C; 09-06-2014 at 11:59 AM.

  2. 2 Elite AMEX Cards
  3. #2
    Registered User Pro Member
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    572
    Based on fees alone, I'd have to pick the AMEX Platinum.
    Last edited by Frank C; 09-06-2014 at 11:57 AM.

  4. #3
    When you say yearly cost on the AE Black, is this annual fees or what type of fees/charges?

    A one time application fee of $5K? So, is this particular card considered a business card?
    Need a Card to Build/Rebuild Your Credit With? Read This >> Best Credit Cards For Building Your Credit

  5. #4
    Registered User Pro Member
    Posts
    572
    Yes. that is a yearly (annual) fee for the AE Black card. Nope, its not a business card but can be used as such.

  6. #5
    Registered User Pro Member
    Posts
    554
    The perks may very well overshadow the fees or make you think very little of it.

  7. #6
    Registered User Semi Pro Member
    Posts
    321
    Actually, the best cards from AMEX are:

    1.) Blue Cash: there's a no-fee "Blue Cash Everyday" and a higher-rewards "Blue Cash Preferred".

    and

    2.) the AmEx Platinum as you mentioned.

    The Blue Cash Rewards is the best and the reason is because you get a $100 signup bonus, but you earn a eye-opening 6% back on up to $6k spent on groceries each year, unlimited 3% on gas and department stores, and 1% on all other purchases. This is in contrast to the 3%, 2% and 1%, if ones opts for the Blue Cash Everyday

  8. #7
    I don't spend $500 month (to total $6,000 a year) on groceries but 6% certainly does help. I'd prefer 2% plus on all other purchases.

  9. #8
    Registered User Semi Pro Member
    Posts
    298
    Google Wallet can be used when merchants don't accept AMEX.

  10. #9
    Registered User Semi Pro Member
    Posts
    270
    I read that Derek Jeter and Hannah Davis, a Sports Illustrated model girlfriend used their Black cards in Rome at an Italian restaurant.

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