Annual fee: A $10,000 one-time “initiation” fee and a $5,000 annual fee. Authorized user annual fee: Each additional Centurion card costs $5,000. There's a limit of two Centurion authorized user cards per account.
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AFP via Getty Images. The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.
And, like most credit cards, anyone can apply for the Mastercard® Black Card™* without waiting for an invitation, which gives this card far less prestige than the Centurion® Card from American Express*.
The Centurion card beats out the Mastercard Black card in terms of rewards, benefits, and features. The major drawback of the Centurion card is its $10,000 initiation fee and $5,000 annual fee (plus $5,000 annually for each authorized user).
Editorial GuidelinesAmerican Express boasts 13 Centurion Lounges in the United States and 11 in international locations, which are exclusively reserved for cardholders of The Platinum Card® from American Express, The Business Platinum Card® from American Express or the Centurion® Card from American Express.
With a black card, you can lock in hotel elite status at four major hotel chains: Marriott, Hilton, Intercontinental Hotels Group, and Relais & Châteaux. Hotel elite status gets you sweet benefits like room upgrades, late checkouts, resort and spa credits, and free breakfast.
What is the spending limit on the American Express Black Card? There is no spending limit with the Amex Black Card. However, balances must be paid off in full every month.