The most exclusive credit cards come with a high credit limit (if any) and personalized service. Some were created for personal use, while others are business or corporate cards. Regardless of the top-tier card you’re considering, you’ll find that exceptional service comes with a steep annual fee. Fortunately, the perks and bonuses available usually offset the fee, potentially making it worth your while to invest in one of these cards. Some of the more exclusive cards are invitation-only, however, making them highly-coveted. While we can’t get you on the list for the most exclusive ones, we can at least show you what’s available.
The Centurion® card has an air of mystery around it — there’s not much public information about its perks or features. However, the stories of what Black Card concierges are willing to do for their customers have become legend. One former employee shared on Reddit that customer service will fulfill any request as long as it’s legal. One thing that’s not a myth is the $10,000 initiation fee, in addition to the annual fee of $5,000.
Pros
Elite status for several airlines and hotelsThe ultimate in prestige when paying for goods and servicesPersonal concierge
Cons
Very high annual fee$10,000 initiation feeInvitation-only
The card feels substantial, thanks to its patented PVD-coated metal card in sleek black. And there’s substance behind the style; you’ll have access to a 24/7 Luxury Card Concierge by email, live mobile chat, or phone. The card’s annual fee of $495, which is relatively affordable compared to the American Express version, is outweighed by its benefits. Each time you book one of over 3,000 properties, you’ll receive room upgrades, resort credits, breakfast for two guests, and more. Plus, you’ll be enrolled in Priority Pass™ Select. The membership provides you with access to over 1,300 airport lounges around the world for as many guests as you want.
Pros:
Online application available Higher than average rewards ratesLuxurious card designCell phone protection of up to $1,000 per yearFree access to airport lounges worldwide
Cons:
Comparatively-low credit limitNo welcome bonuses
Although the annual fee for the card is $550 per year, Chase provides you with travel-purchase credits worth as much as $300 each year. Add the Visa Infinite Concierge service and free access to over one thousand airport lounges, and you’ll feel like a VIP anytime you travel.
Pros
Travel credits and other benefits offset the $550 annual feeLucrative bonus offer of 60,000 pointsHigh rewards rates of up to 10XExclusive Chase Sapphire Private Dining Series events
Cons
Requires excellent creditFocused solely on travel rewards
Carrying the J.P. Morgan Reserve card, however, signals to anyone who knows about cards that the holder is worth at least $10 million. The sleek, metal card may not have the pop-culture following of the Centurion Card by American Express, but it’s just as exclusive – if not more so.
Pros:
Sleek, palladium-metal cardLucrative bonus offer of 60,000 points after spending $4,000Comes with a 50% travel redemption bonus
Cons:
Invitation-onlyApplicants must have at least $10 million in assets held with J.P. Morgan Private Bank
Not all credit cards are available to apply for unless you receive an invitation or referral by an existing cardmember. They’re still worth mentioning, since this guide is all about the most exclusive credit cards on the market right now. One thing all five cards have in common is that they’re right for individuals who are accustomed to spending large amounts annually using their credit cards.
- Work on your credit score: Most premium cards require a credit score of 800 or more for approval.
- Establish a banking relationship beforehand: Some cardholders may have established a pre-existing banking or card relationship. This method could help you network more effectively and improve your chances of getting approved for an upgraded premium card. For example, you could open a bank account with Chase before you apply for the Reserve card or have a different card account with American Express, leading to an invitation to upgrade to a higher-tier credit card.
- Ask for a referral: If someone you know has a Stratus Reserve card or another invitation-only or referral-based credit card, they may be able to refer you. This improves the odds that you’ll be able to apply for a card.
- Grow your annual income: Nearly all premier credit cards require a high annual income to be considered.
