Are Black Cards Really Worth It? Here’s What to Know

Watch Are Black Cards Really Worth It? Here’s What to Know - Pennygem on Dailymotion

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00:00premium luxury credit cards otherwise known as black cards are the most exclusive cards out

00:09there they come with really high annual fees have very high spending requirements and are even

00:16invitation only according to cnbc the centurion card from american express or the amex black card

00:24is what started this trend in 1999. companies have since come out with their own alternative

00:30to black cards for consumers of all income levels plus many credit card companies now have metal

00:37cards to make their cards feel upscale a card issuer invites customers who spend six figures

00:45a year to get a black card and the annual fees can be as high as five thousand dollars a year

00:51the perks include being able to collect a lot more points than usual for certain purchases

00:58access to airport lounges and access to the most breathtaking hotels in the world