Status Symbol or Overpriced Black Card?
00:00:00.000 | the two centurion cards the black cards i will just briefly run over them because i think it's
00:00:04.000 | interesting to understand what they have but i'm not going to spend a lot of time because i actually
00:00:08.320 | don't think they're that compelling i'll kind of go over them together they both have a ten thousand
00:00:12.320 | dollar initiation fee plus a five thousand dollar a year annual fee plus another five thousand dollar
00:00:17.920 | per authorized user fee from what i understand you need to be spending over 250 000 a year with
00:00:23.120 | amex to even be invited but i know lots of people who have spent that much and not been invited the
00:00:27.120 | primary thing you get from this aside from you know supposedly a much better concierge and much
00:00:32.080 | better travel advisors i've only probably known two or three people that have ever had the card or had
00:00:35.920 | a close friend with the card they haven't really been using those things as much because at that
00:00:40.080 | level of spend and at that level of income you probably have an assistant that can do a lot of that