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What is the "Black" Card?  
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Tags: Centurion, credit, card, cool, black, rich, famous, celebs

Some quick facts about the coolest credit card around:

	The Centurion Card, popularly known as the Black Card, is American Express' most exclusive charge card.
	Formerly available by invitation only, the Centurion Card provides access to a range of exclusive privileges.
	In the United States, invitations are no longer sent for the card.
	To be approved for the Black Card, one must make a request and meet the strict criteria below. As of 2007, the annual fee in the United States was $2,500.
	Urban legends of a special, black-colored card offering dignitaries and celebrities unlimited spending power and after-hours access to high-end stores circulated in the 1980s.
	While the rumors were false, in October 1999 American Express decided to capitalize on them by launching the Centurion Card, and made the card available to selected holders of its Platinum Card®.
	The Centurion Card originally had an annual fee of $1,000.
	The rumor of an unlimited spending card originated because certain high-spending card members were given a black information card that, while not a charge or credit card, contained important telephone numbers, such as numbers for American Express Travel and Concierge services.
	As of Aug 1, 2007, in the United States, requirements include minimum annual spending of $250,000, and exceptional credit history. Requirements for acceptance in other countries can differ slightly.
	There is a US $5,000 one-time initiation fee for new card holders, plus the annual fee of US $2,500. Charter cardholders, who had remained at the $1,000/year fee level even after the January 1, 2006 fee/spending requirement increase, will be required to pay the same $2,500/year starting on their next renewal date after May 1, 2007.
	Centurion card members have the option of additional cards for an annual fee of $1500 per each additional.
	Centurion holders have made purchases well in excess of $1 million USD without a credit check.[citation needed] A popular myth is that the card has no limit; the largest purchase supposedly ever made on it exceeded $30 million--for a private jet.
	However, the Centurion Card does have limits, but these limits are not pre-set at a certain level. Like any other American Express charge card, the limits are based on the spending history of card holder, as well as their personal credit profile and financial resources.
	A card holder spending $250,000 in the previous year could not just purchase a jet with a swipe of their card unless he or she had the resources to make good on the transaction.
	Each year spending habits are reviewed by the credit department in order to determine the spending limit for the next year. The limit can be increased after providing new financial data.

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Source: Wikipedia – All text in this list shared under the GNU License

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