How to Get an American Express Black Card

Have you ever considered obtaining an American Express Centurion (Black) card? Here’s a list of the things you’ll need to do in order to be considered for an American Express Black card:

–Pay down your existing credit card debt as much as you can.

Not only does this increase your credit score, it also demonstrates to American Express that you are a very low credit risk. Issuing the Black card is a significant risk for American Express. As a result, they tend to be very fussy about who gets these cards. As a result, if you can prove to AMEX that you are a very low credit risk, you can increase your chances of obtaining a Black card.

–Obtain and keep an American Express Platinum card before attempting to apply for a Black card.

American Express requires potential Black cardholders to carry a Platinum card account beforehand. As a result, plan on obtaining a Platinum card if you don’t already have one.

–Demonstrate a very high credit rating.

American Express also requires potential Black cardholders to have a very high credit rating (800 or above) and a proven track record of paying one’s bills on time. Therefore, don’t expect to obtain this card if you have less than great credit.

–Demonstrate off-the-wall spending habits while using your Platinum card.

In addition to a great credit rating, you’ll also need to show that you can charge at least $250,000 yearly on your Platinum card.

–In addition, you also must demonstrate that you have more than enough real assets to cover you credit limit.

Many people who try to obtain Black card have a hard time doing this. Your best bet to cover this requirement is to have very valuable assets such as a mansion, a savings account or a huge stock portfolio.

–Furthermore, You will also need $5,000 for the one-time set up fee that American Express charges to set up a Black account.

–Finally, you will also need some patience.

This card is only issued to a very exclusive class of consumers. As a result, it could take some time to build up your credit history to such a point that AMEX will consider you for the Black card. Therefore, be patient and build up your credit history to give yourself a good chance to obtain the card.