The helpful concierges: Another reason I hang on to my Black Card is the helpfulness of its concierges. It's worth paying the yearly fee of $2,500 for the card when I'm getting an additional $5,000 per month, right?Ģ.
#Centurion amex free
That's $60,000 worth of free yearly airfare. That 225,000 extra points means at least one free international business class ticket, which has a value of $5,000, to be conservative. Because of this, I'm earning an extra 225,000 points per month. With the Black Card, for every purchase over $5,000, I get 1.5 times the points. In my experience, any time someone spends more than $200,000 per month, there is some wastage happening.
Besides, most people waste money on useless expenditures. Someone spending hundreds of thousands of dollars a month on a credit card might be barely making that much in his or her business, and so only breaking even.Ĭredit-card spending doesn't mean that a business is profitable or a person is rich. Sure, the card might seem special because of the way our society has hyped it, but it's just a black and titanium card, nothing more.Īnd there's nothing impressive about spending a lot on a credit card. People in business - your true peers - don't care if you have a Black Amex or not. In short, a credit card doesn't build a true reputation for success. Who cares about getting on a celebrity's level, anyway? Just do what makes you happy, and pursue success as best you know how. I'm positive that he didn't spend $100,000 a year on his credit card, either, let alone $150,000 a month. Now, if he spent as much as he said he did, I would have benefited from the extra points for having him on the card.īut he wouldn't give me the screenshot. Just send me a screenshot of your bill, so I know what kind of expenditures you have." So, I made him an offer: "Why don't I give you a Black Card under my account? You pay your portion of the bill, and you can spend your $150,000 a month.
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