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Most of what we hear in the media when it comes to credit is negative. We hear terms like crisis, crunch, and stories of all of those people who are in over their heads in unsecured debt. Most of us are in a low to middle financial bracket, and are more susceptible to the ill effects.
Companies have a host of offers that cater to us middle of the road folks and an equal amount of products that can assist those who truly are in over their heads.There is another class of people out there, though. 2009 statistics show that only 2% of Americans are millionaires and even a smaller portion of that 2% actually qualifies for the highest tier of cards. Have you heard of the black card? These cater to the extremely wealthy. They aren't advertised because they are by invitation only. Once you qualify for the highest tier and meet the minimum requirements you will get an invitation. You're probably curious; what are the minimum requirements? Obviously, you must not have any negative items on your report.
Likely you have to spend at least $250,000 annually. If you have enough assets to afford this, the $495.00 application fee probably won't bother you.If you do qualify, what are the perks? Free first class stays in participating hotels, a stake in a private jet, and luxury services like free spa service, first class upgrade on airlines should you not want to use your jet, and a key to those secret lounges in airports.
The specific benefits will vary company to company. If you have an excellent score, spend a significant amount per year then you will qualify. You should investigate the rewards packages because that will be the biggest differences between offers. In addition with all the recent uncertainty in the markets, those with a good rating are very valuable. For more about Excellent Credit Cards visit us or for more info on Reward Credit Cards.
Article Source: http://EzineArticles.com/?expert=Leyla_Samuelson
http://EzineArticles.com/?Excellent-Credit-Card---Heard-of-the-Black-Card?&id=2910051
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”The Visa Black Card is issued by Barclaycard in the United States, where it launched in 2008. For an annual fee of $495 Visa Black Card members receive access to a number of high level benefits. The physical card uses a patent-pending carbon card construction. ... – Definition from Google Online Definitions”
