Many of us may feel privileged to carry rewards cards that offer cash back and certain airline perks, but these are fairly common in an age where multiple credit card companies are increasingly trying to woo consumers to sign up for new lines of credit. Some cards exist that provide much more than the traditional perks that come with a majority of cards, but these credit cards are usually out of the reach of many. With large sign-up and annual fees, these cards are designed for those with big pockets and even bigger expenses. If you want to learn about three cards that you will probably never hold – yet along own – then continue reading.
American Express Centurion Card
Perhaps the earliest example of a mega-rewards card and the precursor for the term “black card”, the American Express Centurion Card was first unveiled in the late 1990s. Its physical appearance is demanding and is forged from actual titanium. Anyone who wants to gain access to the card will have to pay $5,000 just to enjoy the privilege of signing up, followed by a $2,500 annual fee. There is also a pretty stiff requirement in regards to expenditures: if you do not make at least $250,000 in annual purchases, you will lose access to this line of credit. Free upgrades to first-class on airlines and complementary access to exclusive lounges are just a few of the perks of the Centurion.
Coutts World Silk Card
Issued by one of the world’s oldest private banks still in existence, the Coutts World Silk Card is an exclusive option for those who need to make large expenditures and can pay them back on time. It is a charge card rather than an actual credit card, but its usage allows for access to a personal concierge and near universal access to exclusive lounges at hundreds of airports worldwide. Users will be able to charge up.
Visa Infinite Card
The Visa Infinite Card is not available in the United States, which may make it even more unlikely that you’ll ever see or possess one. Its annual fees and spending limits vary by each country in which it is offered, but a general rule of thumb is that you will need to have at least $100,000 of liquidity to access this credit card and can expect a $500 annual fee. One huge perk with this card is that you can have a concierge handle all of your travel plans – whether that be entertainment, leisure, accommodations or airfare – and report back to you with an itinerary.