For instance, The Platinum Card, which has a $695 annual fee (see rates and fees), added up to $180 in PayPal credit (distributed in up-to-$30 monthly credits), up to $200 in Amex Travel credits, up to $100 in Saks credits, etc. While the $1,500 to $2,000 in credits sounds great on the surface, you could still argue that's not as generous as what has been offered on some of the other Amex cards.
#Amex black card fee full
Assuming you're able to get the full value of these credits, they effectively lower the annual fee to $3,000 for personal cardholders and $3,500 for businesses - both still significantly higher than the old annual fee. Personal Centurion members are being offered up to $2,000 in credits toward Amex Travel purchases meanwhile, Business Centurion members are being offered a flat $1,500 statement credit. Not to mention, Equinox gyms were closed for much of last year, and not all have reopened yet.Īmex recognizes this, so to keep its customers loyal, it's offering credits for those that renew their cards. Most cardholders likely aren't getting much value from the associated elite status levels, CLEAR membership and Private Suite membership while staying close to home. While the Centurion card offers plenty of everyday benefits, it's still quite travel-heavy when it comes to perks. (Photo by Melanie Lieberman/The Points Guy) Amex Centurion COVID-19 updates That said, other than a 1.5x bonus on purchases of more than $5,000 (up to 1 million extra points per year), there are no bonus categories on this card, so this card doesn't offer the best earning potential.Ĭenturion cardholders get a complimentary Equinox membership. Cardholders also get some less tangible perks like a personal Centurion concierge, high-end annual gifts and the ability for business cardholders to effectively redeem points for 2 cents apiece toward Pay with Points flight reservations. The card's perks include automatic Hilton Diamond and Delta Platinum Medallion status, Saks Fifth Avenue credits, a Equinox Destination Access Membership, CLEAR membership, Private Suite membership and much more. However, with the big price tag come big benefits. Eligibility requirements reportedly include at least $350,000 in annual spending across your Amex accounts for the personal card and around $500,000 for the business card. For new cardholders, there's also an initiation fee of $10,000.
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#Amex black card fee plus
It's invitation-only and comes with a commensurate $5,000 annual fee ( recently increased from $2,500), plus an additional $5,000 fee for each additional user card. The American Express Centurion Card is positioned to be the creme de la creme of credit cards. Amex has added a new incentive for personal and business Centurion members that renew their cards.įor more TPG news delivered each morning to your inbox, sign up for our daily newsletter. (In fact, it just raised its annual fee and initiation fee in April 2020.) Up until now, the card has made no changes to its offerings. Many Membership Rewards-earning cards, such as The Platinum Card® from American Express and The Business Platinum Card® from American Express, as well as most cobranded credit cards, received various statement credits, valuable Amex Offers and additional category bonuses over the past abnormal year.īut one card was notably excluded from most of the special treatment: Amex's most premium credit card, the Centurion card - commonly known as the Amex Black Card. View the current offers here.Īmerican Express added a slew of limited-time benefits aimed at making its travel-focused cards more appealing in the current environment.
Update: Some offers mentioned below are no longer available.
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