The Legendary No Limit Credit Card - AMEX Black
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Credit cards have been one of the conveniences of banking nowadays in the growing institution of commerce. American Express, under their strictest standards, invites private individuals and businessmen whose income and credit ratings are higher than most of the ordinary cardholders, to avail the exclusive American Express black card which is most famous as the Centurion card. This card is the finest credit card in the banking industry.
American Express offers direct access to a wide range of exclusive privileges and benefits, but in order to get one, a certain criteria should be met. Aside from the necessary requirements, an applicant should pay an initial fee of $5000 plus the annual fee of $2500 for a total of $7500.
There was an urban legend about the black credit card that circulated and spread as rumors in the business industries in the year 1980s. The rumor said that high ranking individuals like celebrities and notable persons who are cardholders of American Express cards were given a black card that give them the opportunity to transact in any high class establishments even after business hours. The truth is the card only contains the information and numbers for assistance and services.
It was also rumored that the black credit card enables the cardholder to buy anything in any establishments or avail of any luxurious services. Since it was just a mystery, the card never really existed and nobody ever really had it.
This rumor was eventually capitalized by the American Express. A Centurion card was created in the fall of 1999. It is offered through an invitation from the American Express. This card is only offered to those who have the Platinum card, and that the card is not made of plastic but of metal. Because of its elegance and value, most people use it as status symbol. American Express Platinum credit cards are considered to be the best of all credit cards in the business.
The Centurion card is an invitation only card in many countries where the exclusive credit card was the Platinum card. If the Centurion card is not available in one of these countries, the Platinum card is still the card that is considered the exclusive “by invitation only” card.
Because of its expensive charges, from its introductory annual charge of $1000, it has now been raised to $2500, only those who are rich and financially powerful individuals and celebrities are qualified to avail it. Among the first recipients of the Centurion Card was Jerry Seinfeld, a comedian and a former spokesperson of the American Express.
Centurion Card became famous around the business industry because of the urban legends in circulation. The rumors about the black credit card continue to circulate to all people concerned. Although the rumor was not true, new rumors and tales would still come up. This will make the Centurion Card more controversial and the promotion would generate more applicants as well.
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