To get a black AmEx card you need to be very wealthy and also have a 700 credit score or above and have an annual spending of around $250,000.00 or more.
Not only that but you also need to have an invite for the black AmEx card as well.
A Visa black card is a very and extremely exclusive credit card that is solely reserved for the richest and ultra wealthy people.
Visa black cards are available only by invitation and the entry into the black card ownership is very high as are the annual fees.
Even if you could qualify for the visa black card and were not rich then you would not be able to afford the annual fees to keep it.
Black Cards are issued by American Express and it was released in 1999 and created such a buzz that other card issuers also wanted to create their own deluxe credit cards in order to reward their highest spending customers.
There's no limit on the black card although with the black card any spending and balances on the black card must be paid in full every month.
To qualify for a black card or Amex Centurion Black Card you need an invitation and also have an annual spending amount of between $250,000.00 to $500,000.00
Also to qualify for a black card or Amex Centurion Black Card you also need to be a U.S. resident and have a credit score of at least 700 or higher.
The most expensive credit card is the American Express Centurion Credit Card which is also called the Amex Black card.
The American Express Centurion Credit Card or Amex Black Card has an initiation fee up $10,000.00 and an annual fee of $5,000.00
The credit card that is the hardest to get is the Centurion® Card from American Express.
Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
The credit card that is the most prestigious and elite is the American Express Centurion Card.
The American Express Centurion Card is the most exclusive credit card in the world and commonly known as the “Amex Black Card.”
Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.
Closing a credit card can be bad for your credit score if it's the only credit card you have.
However if you have more than one credit card and the credit card is a newer credit card then closing it will not usually harm your credit.
Generally though it's best to keep credit cards open as they help you build credit when used properly and the age of the credit account also factors into your credit score.
A closed credit card account will remain on your credit reports for up to seven years (if negative) or around 10 years (if positive).
As long as the credit card account is on your credit reports, it will be factored into the average age of your credit.
To build credit with your credit card you should use your credit card at least once or twice per month and then pay the credit card back.
However to keep your credit card account active you should use the credit card at least every 3 months to 6 months.
In general, you should plan to use your credit card every six months.
However, if you want to be extra safe, aim for every three.
Some credit card issuers will explicitly state in the credit card agreement what length of time is considered to be inactive.
Too many credit cards won't hurt your credit as long as you use the credit cards responsibly.
However if you use too many credit cards and don't pay them back then they could hurt your credit score.
There's not really such a thing has having too many credit cards.
However you could have too many credit cards that you cannot pay off which can hurt your credit.
Generally it's a good idea to only have 3 credit cards and use them responsibly and pay them off on time to help build your credit.
If you have more credit cards and use them without being able pay them off then that can lower your credit score.
Having accounts open with a credit card company will not hurt your credit score, but having zero balances will not prove to lenders that you are creditworthy and will repay a loan.
Lenders want to make sure you repay, and that you will also pay interest.
There is no ideal number of credit cards you can own.
You can own as many credit cards as you want as long as you are eligible for it.
However, having multiple line of credit can make you look like a desperate borrower and increases the overall available credit.