00:00Premium Luxury Credit Cards, otherwise known as Black Cards, are the most exclusive cards
00:09out there.
00:10They come with really high annual fees, have very high spending requirements, and are even
00:16invitation only.
00:18According to CNBC, the Centurion Card from American Express, or the Amex Black Card,
00:24is what started this trend in 1999.
00:28Companies have since come out with their own alternative to black cards for consumers
00:32of all income levels, plus many credit card companies now have metal cards to make their
00:38cards feel upscale.
00:40A card issuer invites customers who spend six figures a year to get a black card, and
00:47the annual fees can be as high as $5,000 a year.
00:51The perks include being able to collect a lot more points than usual for certain purchases,
00:58access to airport lounges, and access to the most breathtaking hotels in the world.
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