What Credit Cards do Billionaires Use? | Top 5 Exclusive Credit Cards

Pratyusha Srivastava Pratyusha Srivastava
Jan 31, 2022 4 min read
What Credit Cards do Billionaires Use? | Top 5 Exclusive Credit Cards

Credit cards have always been an important entity in people's lives. But it does hold different purposes and meanings for different people. For average wealthy people, credit cards are a way to manage their finances and handle additional charges or earn rewards. But, for the super-rich or the billionaires, credit cards come with tons of luxurious perks that help them fund their lavish lifestyle. And these credit cards are obtained after achieving a certain benchmark or through invitation.

People often wondered what perks these luxurious credit cards offer and what exactly are these. To answer these questions, we have presented this article where we'll be discussing the top credit cards that billionaires use. So, let's get started!

American Express Centurion Card
Citibank Prestige Credit Card
J.P. Morgan Reserve Card
American Express Platinum Card
Citi Chairman
FAQ

American Express Centurion Card

Annual Fee - $5000

American Express Centurion Card
American Express Centurion Card

The most exclusive and luxurious credit card, American Express Centurion Card is always the first preference for billionaires. It was launched in 1999 and is commonly known as "Amex Black Card." And what makes it more exclusive is that you won't find any details or application form of this credit card online as it is only obtained on the invitation by Amex. And for this, you need to spend between $250,00 to $450,000 every year on your Amex card.

By this, you get noticed by them for the invitation purposes as being an Amex cardholder, you need to have a certain spending habit, as Amex is very specific with its customers' spending which usually tends towards luxury dining, events, goods and travel. After the invitation, you need to pay $10,000 as an initiation fee and an annual fee of $5,000.

Citibank Prestige Credit Card

Annual Fee - Rs. 20,000 + taxes

Citibank Prestige Credit Card
Citibank Prestige Credit Card

Being an invitation-only bank Prestige Card was introduced in India, specifically for high net worth individuals. For this, Citibank has appointed dedicated relationship managers that work by helping the cardholders in spending as per their lifestyles and personal needs.

They understand the preferences and choices of the cardholders and offer them customized personalized programmes based on their requirements. And these aren't limited to goods and travel only, in fact, they offer access to exclusive concierge services.

J.P. Morgan Reserve Card

Annual Fee - $595

J.P. Morgan Reserve Credit Card
J.P. Morgan Reserve Credit Card

The J.P. Morgan Reserve Card is widely known as the Palladium card. This exclusive card is credited with the composition of palladium and has recently been rebranded as "Reserve." This too is obtained by invitation, for which you must have $10 million in holdings with J.P. Morgan's private bank. And the annual fee of this exclusive and luxurious card is $595.

Moreover, J.P. Morgan Reserve Card provides 10X ultimate reward points per dollar on Lyft rides along with 3X points per dollar spent on travel. Plus, the cardholder gets an annual travel credit of $300. It also provides top-quality protection and insurance.

American Express Platinum Card

Annual Fee - Rs. 60,000

American Express Platinum Credit Card
American Express Platinum Credit Card

American Express Platinum Card, the platinum card that comes with some uber-exclusive and impressive services including the entry to 'By invitation only' events, fine dining deals, golf membership and many more.

Along with this, it provides the privilege of enjoying luxurious travel and hotel deals, both nationally and internationally. It is entirely based on cardholders' choices and lavishing lifestyle. As it does not have any preset spending limit, users can easily enjoy the fancy lifestyle. The annual fee for this American Express Platinum Card is Rs 60,000 plus taxes.

Citi Chairman

Annual Fee - $500

Citi Chairman Credit Card
Citi Chairman Credit Card

An exclusive black piece of plastic from Citi Bank, the Citi Chairman card comes with the eligibility criteria of being a part of Citi group's private bank. It is counted among the most luxurious and exclusive credit cards in the world.

It offers a $300,000 credit limit, access to events only for members, airport lounge access and a 24/7 concierge. The fee of this Citi Chairman card is $500, which is quite less compared to others.


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Conclusion

Credit cards are considered an entity for the rich to fund their lavish lifestyles. For any ordinary individual, credit cards offer limited services and reward points. But for billionaires who are often invited to obtain the credit cases, are offered numerous luxurious services such as fancy goods, travel insurance, access to private events, lavish dinners, access to private islands and many more. This surely puts an impressive outlook on the individual's wealth. Stay tuned with us for more content!

FAQ

What is the most exclusive credit card in the world?

The American Express Centurion Card is the most exclusive card in the world that has a limit of 10 crores.

What cards do billionaires use?

American Express Centurion Card, Citibank Prestige Credit Card, J.P. Morgan Reserve Card, and American Express Platinum Card are some of the exclusive credit cards super-rich use.

What is the American Express Black Card limit?

There's no credit limit on American Express Black Card.

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