Bristish Columbia Debt Consolidation Loans For Bad Credit Bristish Columbia Debt Consolidation Loans For Bad Credit

Find out more on Bristish Columbia Debt Consolidation Loans For Bad Credit Now!

Saturday, December 20, 2008

American Express Black Card - The Legend

By Gray Rollins

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 officially known as the Centurion card. This card is the finest credit card (and most expensive) in the banking industry.

When certain criteria are met an invitation from American Express will be sent along for the Centurion credit card. The requirements are quite different from the other credit cards you may have had in the past. This credit card charges $2500 for their annual fee and there is another fee that must be paid which is an initiation fee of $5000 for the first year.

The black credit card started from a legend which states that American Express issued the black credit card to its cardholders; most of them are celebrities and well-off personalities, allowing them to avail high class products and services from high class establishments. The fact behind this rumor was the information card issued by the American Express to cardholders containing important American Express Travel numbers and hotel assistant services numbers.

When the Centurion credit card was first heard of there were a number of rumors that surfaced about the mysterious black credit card. One was that if you had one of these types of cards you could buy anything you wanted to buy. There never was actually anyone who had this card but they had friends who had seen someone using one of them.

In the year 1999, when the rumor was so controversial, American Express grabbed it and used it in the creation and development of a new card. In addition to their credit cards, they made such card with the exclusive features of high end privileges and benefits like no other cards available worldwide. The card was known as Centurion Card and it was only offered to Platinum cardholders who met the strictest criteria.

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.

About the Author:

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home