Prime Rate Credit

You know, as with everything else, they just had to make credit cards that would appeal to that small segment of the population that wants everything to be a status symbol, and a super-high end testament to the high lifestyles that some of us like to live. Credit cards are no exception. We have “Gold” status credit cards, Platinum status cards, and others that imply that we somehow are a better, more educated and higher faluting card holder than someone who has just a plain out airline miles credit card or some other sort of average joe card.

But now, credit cards are crossing an even bigger threshold in the outdoing factor, and have come out with newer credit cards for the “elite” segment of the population that demands high limits and better quality in these new higher stakes credit cards that offer excellent service, even called a concierge service by some higher end cards, very high credit limits and other perks that are limited only to one’s elite customers. One such card, by American Express, is simply called “Black”.

The black card, which is actually made of titanium (overkill, I know) is a card by American Express that is actually called the Centurion, and it is a status symbol for the rich and high spending everywhere just by the mere production of one such card from one’s wallet. I’ll admit, I wouldn’t know it if I saw it being produced from someone’s wallet from a hole in the wall, but apparently some people keep up on such things!

Here’s the crazy part about the Centurion card by American Express though. You have to have a minimum net worth of five million dollars, and the rules are that you almost must charge at least $250,000 each year to keep qualifying for this coveted instrument that many recognize as the highest stature when it comes to credit cards. No thanks, I’ll stick with my average joe cards, which are the best gas credit cards, prepaid credit cards and airline miles cards of yesteryear. Call me a chump, but I don’t plan on having five mil in the bank for quite a while folks!