What card do billionaires use?

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asked May 23 in Credit by PinoyBeast (1,920 points)
What card do billionaires use?

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answered Jul 20 by Jessiemessie (2,840 points)
The card that billionaires use is the black credit card also known as the Centurion Card from American Express.

The most expensive credit card is the Centurion Card from American Express which is an invitation only card which has a $5,000.00 annual fee and no spending limit.

The easiest credit card to get right now is the Petal 2 Cash Back No Fees Visa Credit Card.

Other easiest credit cards to get are the U.S. Bank Cash+ Visa Secured Card, Bank of America Business Advantage Unlimited Cash Rewards Secured Credit Card and the Chase Freedom Rise Credit Card.

The two most widely accepted credit cards are the Visa and MasterCard credit cards.

American Express is the least accepted credit card.

Out of all the 4 main types of credit cards which include the Visa, Mastercard, American Express and Discover Card the Visa Credit cards are the most common credit card types and make up 58.3 percent of credit cards in use.

The United Gateway Card is the credit card that is the best to have as well as the Chase Freedom Unlimited and Chase Sapphire Preferred Card.

The #1 credit card is the Wells Fargo Active Cash Card and the Chase Sapphire Preferred Card, followed by the Capital One Platinum Credit Card.

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.

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