How much do you have to spend a year to get a Amex Black Card?
How much do you have to spend a year to get a Amex Black Card? Amex reportedly extends invitations to apply for the business card only if you've spent (and paid off) at least $450,000 (or $500,000 — we've heard both) across all your Amex accounts in a calendar year. For the personal card, the bar is rumored to be set at around $350,000.
Can normal people get a black card?
And, like most credit cards, anyone can apply for the Mastercard® Black Card™* without waiting for an invitation, which gives this card far less prestige than the Centurion® Card from American Express*.
What is the 5 24 rule?
AFP via Getty Images. The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.
Is having an Amex prestigious?
The American Express Platinum card is a prestigious credit card because it's a metal card meant for big spenders with good credit or better who travel often and can take advantage of generous perks.
Is 3 credit cards too many?
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.