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The front of an American Express Centurion card. The American Express Centurion Card, colloquially known as the Black Card, is a charge card issued by American Express. [1] [2] It is reserved for the company's wealthiest clients who meet certain net worth, credit quality, and spending requirements on its gateway card, the Platinum Card. [3] [4] The firm does not disclose the exact requirements ...
American Express was, at the time, known for cutting its interchange fee to merchants and restaurants if they accepted only American Express and no other credit or charge cards. [45] This prompted competitors such as Visa and Mastercard to file complaints as the tactics gave Amex exclusivity at restaurants.
The general consensus is that eligibility involves some combination of a stellar credit score, a minimum of $250,000 a year – or roughly $21,000 a month – in charges, and at least one year's ...
A charge card is a type of credit card that enables the cardholder to make purchases which are paid for by the card issuer, to whom the cardholder becomes indebted. The cardholder is obliged to repay the debt to the card issuer in full by the due date, usually on a monthly basis, or be subject to late fees and restrictions on further card use.
Charge cards, like other types of credit cards, can be used to make purchases and may earn rewards. Cardholders usually don't pay interest charges, since there's no revolving balance unless your ...
Here are some answers to frequently asked questions about the differences between charge cards and credit cards. What is better -- a charge card or a credit card? A credit card is better overall ...
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