American Express offers an elite credit card for the super rich—thanks perhaps to Jerry Seinfeld

Singapore News News

American Express offers an elite credit card for the super rich—thanks perhaps to Jerry Seinfeld
Singapore Latest News,Singapore Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

American Express has a credit card for the super rich. And it might be thanks to Jerry Seinfeld. (via CNBCMakeIt)

In fact, were it not for Seinfeld, the card might not exist. "Do you know why there is a Black Card?" he asks fellow comedian John Mulaney. "Me."

As Seinfeld tells it, when he was a spokesperson for American Express in the 1990s, a member of the crew at a shoot once asked him if he had the Black Card. "There's only three in the world," the man said. "The Sultan of Brunei has one, the president of American Express has one, and I thought you would have the third one." The next day, Seinfeld says, he called up the president of American Express, who told him the card doesn't exist but that maybe it should.

American Express declined to disclose many details about the Centurion to CNBC Make It, such as how many cards it issues. But a representative noted that signing up requires a $7,500 initiation fee followed by a $2,500 annual fee, and said the card's benefits are customized to suit a cardholder's lifestyle and needs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

I have almost 30 credit cards, and there are 5 things I wish I'd known about points and miles when I was starting outI have almost 30 credit cards, and there are 5 things I wish I'd known about points and miles when I was starting outI have almost 30 credit cards and fly around the world thanks to credit card rewards, but getting into points and miles has a huge learning curve.
Read more »

I opened a cash-back card instead of another travel rewards card for 3 reasons, and it's the right fit for my life right nowI opened a cash-back card instead of another travel rewards card for 3 reasons, and it's the right fit for my life right nowWhen it came time to open another card, I didn't go for another travel rewards card with flexible points — I went for a cash-back credit card.
Read more »

I have almost 30 credit cards, and there are 5 I know I'll never bring myself to cancelI have almost 30 credit cards, and there are 5 I know I'll never bring myself to cancelI have almost 30 credit cards, and I go through them periodically to make sure each card is worth keeping — especially for cards that charge an annual fee
Read more »

6 ways you're probably leaving money on the table on a daily basis6 ways you're probably leaving money on the table on a daily basisYou're missing out on free money when you don't take advantage of the employer match in your 401(k) or use rewards credit cards for purchases.
Read more »

Millennials are rejected more often when applying for loans, mortgages and credit cardsMillennials are rejected more often when applying for loans, mortgages and credit cardsMillennials are rejected more often when applying for loans, mortgages, and credit cards. (via CNBCMakeIt)
Read more »



Render Time: 2025-03-26 22:14:20