The super-rich get three elite credit cards with outrageous benefits.
Los Angeles: Being super-rich has always been the dream of most people because they take outrageous benefits, especially when using credit cards, they don’t do it like the rest of the people.
Undoubtedly, instead of standard credit limits and customer service hotlines, elite invite-only cards may come with unlimited credit lines.
The main thing people need for this high-profile plastic card is to manage a well-padded bank account and royal or celebrity status.
According to reports, Queen Elizabeth II and Elton John have used Coutts & CO’s World Card, a highly coveted card rumored to offer private after-hours shopping sessions to cardholders wherever they are.
Meanwhile, Kim Kardashian and Oprah Winfrey have used American Express Centurion, which is said to enable cardholders to buy anything they want, no matter how inaccessible it may be.
Not much details are available about Centurion, including how many cards it issues. But a representative had said that a $ 7,500 initiation fee is required to sign up, followed by a $ 2,500 annual fee, adding that the benefits of the card are in line with the lifestyle and needs of a cardholder.
Reports indicate that to score an invite you need to spend $ 250,000 and $ 450,000 per year on another American Express card.
JP Morgan Reserve (Palladium) Card
JPMorgan Reserve is an updated version of its superior predecessor, The Chase Palladium, used by former US President Barack Obama. To qualify for an invitation, you must be a member of Chase Private Bank.
The private bank membership is typical for wealthy customers, who allegedly have at least $ 10 million in their accounts, although Chase declined to confirm the figure.
What distinguishes this card from the Sapphire Reserve is its uniqueness. It is primarily a status symbol, confirming your entry into one of the world’s most selective clubs.
Bank of Dubai First Royale MasterCard
The Dubai First Royal MasterCard is trimmed in real gold and has a 235 carat diamond in its center.
The card requires an undisclosed annual fee that buys you a “dedicated relationship manager” providing “royal lifestyle management” according to Dubai. (The UAE-based company did not respond to requests for comment.)
Ibrahim Al Ansari, Dubai’s first CEO, said in an English-language newspaper, “What do these customers want? What do they need? It’s not money. It’s service. You demand the moon, and we get it Let’s try.” United Arab Emirates.
Only ultra-high-net-worth individuals have a chance to be invited, and the card is said to be perhaps the most special in the world.