The conditions for applying for a "black card" are that the personal net worth must reach more than 5 million U.S. dollars, the minimum annual income must reach 200,000 U.S. dollars, and the annual consumption must be 250,000 U.S. dollars, and a card opening fee of 5,000 U.S. dollars and 2,500 U.S. dollars are required. There is no annual

percentage

rate because the cardholder must pay off all expenditures on the card every month. While this card is expensive to hold and the perks are impressive, spending this amount of money every year does require some help. Each cardholder is equipped with private logistics services, responsible for booking hotels (free stay at Mandarin Oriental hotels around the world once a year), air tickets (when taking international routes, buy a full-price air ticket and get a free air ticket) ), event planning, finding tickets to sold-out theaters. In addition, you can also enjoy a private shopping guide service, providing the convenience of entering and exiting top fashion stores. For example, when you go to Tiffany's high-end gift shop, you will be greeted by professional shopping guides, handed champagne and invited to try on some of the products reserved in the store.

Quick stuff.

"Black Card" holders are also invited to attend some once-in-a-lifetime events, such as playing a round with Tiger before the U.S. Open Golf Open

Woods and participating in some world events An event attended by top names. Some special requests put forward by cardholders will also be met. A cardholder asked American Express Bank to order a miniature Bentley car specially for his 5-year-old son to match his car. American Express met his request. Of course, what most cardholders value is the prestige and style brought by holding a "black card".

There are currently 17,000 "black cards" in use on the market, and many people who are applying are waiting for a response from American Express. Following the "black cards", a number of credit cards targeting high-end customers have emerged, with cardholders enjoying a variety of special services. In June this year, Bank of America launched the Accolades card to high-end customers, with a credit limit of US$500,000 and an annual fee of US$295. The annual fee is waived for VIPs. Similar to other high-end cards, cardholders also enjoy travel discounts, logistics services, and golfing with Jordan. In early July, Citibank launched the Chairman Express Card to its investment banking and private banking clients. It also provides personal personal services, ticketing and private jet services, free foreign exchange transaction fees, and 24-hour emergency and medical rescue services on the road for an annual fee. Only $500. The card issued by Merrill Lynch has no annual fee and a credit limit of up to US$250,000. Cardholders enjoy free use of airport lounge services, travel accident insurance coverage of US$1 million and logistical services. Cardholders who spend more than $50,000 on the card each year can also enjoy free small private jet rides and birthday and anniversary reminder services.