Having a great deal of money often means access to even more cash, especially when it comes to credit cards. There is a huge difference between the entry level credit card someone might qualify for when they have little to no credit and the types of credit cards used by the super rich. If you’re not convinced, take a look at the 10 credit cards listed below. You’ll have trouble even qualifying for one of these cards unless you have more money than most people will ever see in their lifetime.
10. Coutts World Silk Card
There are so many things about this particular card that make it exclusive that even the super rich are sometimes unable to get their hands on one. For starters, there are only 100 people in the entire world who qualify for one of these cards at the current time. What exactly do you have to do in order to qualify? You have to be a millionaire, but the requirements certainly don’t end there. In fact, you have to have at least $1 million in a Coutts account in order to qualify, with additional funds left in other accounts. This is easily the oldest credit card in England and it is also one of the most exclusive, even to the point that a lot of people who have serious money in the bank have never even heard of it.
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What do you get for all of this exclusivity? Basically, you get access to things that no one else has access to. It starts with a special concierge service that’s available 24 hours a day, seven days a week. Whenever you want someone to pick you up or drop you off, all you have to do is notify them and they’ll be right there. It’s like having your own special car service without having to hire a driver personally. Of course, there are other perks, too. If you fancy a shopping trip at an exclusive designer store and you don’t want to be bothered by other customers while you’re there, that can be arranged.
That’s right, you have the chance to go shopping at stores all by yourself. You can even go in the middle of the night if that’s what suits you. You also have access to stores that are simply not available to the general public. These aren’t stores that allow people to just walk in, but instead require both an appointment and an approval process. Last but certainly not least, you get exclusive access to airport lounges that no one else has access to. That fact alone is enough to make most people decide that this is a card worth having.
9. Stratus Rewards Visa Card
This card sets itself apart almost immediately. You can’t even apply for it in the traditional sense. Instead, you are invited to apply once your net worth hits a certain, undisclosed amount. If you receive an invitation, you should consider yourself very lucky, as the company doesn’t issue many of them. In addition, it’s almost impossible to know what the exact requirements are because the company doesn’t share them. As it turns out, the individuals who have one of these cards aren’t too keen on sharing those details, either.
What’s so special about this card? For one thing, the rewards points are a little bit different than most. You’re not accumulating rewards to use toward a particular flight with a certain air carrier. Instead, you’re accumulating points to rent private jets. Since this is an expensive venture, even for people who are uber rich, those who hold one of these cards can get together and combine their rewards points in order to rent a jet to anywhere their hearts desire. There are plenty of other perks, too. Consider a free concierge service, major discounts on charter flights, shopping at dedicated outlets and even consultations with experts who can help you figure out what the meaning of life is. Just in case you’re curious, this card also comes with a hefty annual fee, to the tune of $1,500.
8. Dubai First Royal MasterCard
If you’re able to get your hands on this card, you should consider yourself truly lucky. Like the one in the paragraph above, you have to have an invitation to get one. In this case, the invitation comes from Dubai First Bank. What should you expect from a credit card that’s trimmed in real gold and has an actual diamond placed squarely in the center of the card? As it turns out, you should expect quite a lot.
There’s nothing you can’t buy with this card. It doesn’t come with a credit limit and there are absolutely zero restrictions tied to it, meaning that you can buy anything you want. What happens if you find a private jet that you want to own for yourself? Go ahead. No one is going to try to stop you from spending money, no matter how much you rack up. In addition, you end up with what amounts to a team of people that are by your side at your every request, around the clock. Their job is to actually do everything you want them to do so you don’t have to do anything for yourself unless you want to. If you want someone to drive you, they’ll do it. If you want a chef to cook you a five-star meal, it’s yours.
7. JP Morgan Chase Reserve Card
It probably won’t surprise you to learn that this is another invitation-only card. In order to get one of those invitations, you have to be very rich, but you also have to have a lot of money invested in JPMorgan assets. Otherwise, they won’t even talk to you. If you do happen to qualify, you get a lot of perks (albeit nothing like the ones listed for some of the other cards here). What you will get is a lot of benefits when it comes to travel. For every dollar you spend, you get three times the rewards points that can later be cashed in on any kind of travel your heart desires.
The card also has a partnership with DoorDash, Caviar and a few other companies. Whenever you use the card to pay for purchases at these places, you get special rewards. As is the case with almost every credit card on this list, they have a solid fraud protection program so you don’t have to worry about someone stealing your information and racking up huge costs that you didn’t actually approve. The card does have a $595 annual fee. That might seem like a lot to some, but it’s not really all that bad when compared to some of the other annual fees associated with credit cards for people who have loads of cash.
6. American Express Centurion Card
This card is geared toward people who are already American Express card holders with very specific spending habits. As a matter of fact, it’s been reported that the company won’t approve anyone who doesn’t spend at least a few hundred thousand dollars annually on things like fine dining and luxury items. Additionally, they won’t issue the card to anyone who makes less than $100,0000 in a year. Even then, there’s no guarantee that someone who applies for the card will actually get it. If you do get approved, you should be ready to spend some serious cash in order to access it.
Anyone who is approved for the card has to pay an initial fee of $10,000 in order to get access. After that, you’ll pay an annual fee of $5,000. What if you need a cash advance from this card? It’s doable, but it will cost you around 29.99% in order to get your hands on the actual cash. While there is an option to pay for items over time while accruing interest, American Express really prefers for you to pay for all of your purchases in full within 30 days.
5. Chase Sapphire Reserve
In order to get this card, you of course have to have excellent credit. You also have to pay a $500 annual fee. In return, you get a card that has loads of benefits associated with it. For example, you can get $9,000 in travel rewards, provided you spend $40,000 within the first 90 days of opening the account. You also get $300 in cash every year in return for money that you spent on travel throughout the previous calendar year.
You get rewards points on virtually every purchase, but this card focuses heavily on travel. As a result, you’ll get five times rewards on any and all air travel and 10 times rewards on all fine dining and hotel stays. It doesn’t take long for your travel cash to build up in a major way when you’re talking about rewards like these. Speaking of traveling, the card also gives you exclusive access to more than 1,000 different airport lounges around the world. If you love traveling but you hate sitting in a crowded airport terminal or going through a TSA checkpoint, access to exclusive terminals is reason enough to get the card, even without all of the other benefits.
4. X1 Credit Card
There’s no doubt about it, there are a lot of good things associated with this particular card. Most of the cards on this list come with a rather exorbitant annual fee. You won’t find any such thing here. In fact, the card has no annual fee whatsoever. By the same token, your annual percentage rate varies anywhere from 5% to 22%. Let’s say that you have more money than most people will ever hope to see and you’re really good at managing it. Being able to make major purchases at 5% APR is practically unheard of. That puts this card in a class by itself.
There are other perks associated with this card as well. Regardless of what you purchase, you get double rewards points on every purchase you make. If you really want to pick that up a notch, spend $15,000 in a single calendar year and the company will reward you with triple rewards points on every single dollar you’ve spent for the entire year. This is not a one-time offer, but something that is offered continuously throughout the entire time you’re a card holder.
3. Capital One Venture X Rewards Card
In order to have this card, you’ll pay a $395 annual fee. It focuses almost exclusively on travel, meaning that anyone who travels a lot would do well to put all of their travel expenses on this particular card. Doing so gives you the chance to travel more and spend less in the process. That’s because you can get 10 times the rewards on air travel and 5 times the rewards on rental cars, provided you book each one through Capital One Travel. During your first 90 days, you can also get what amounts to about $750 in free travel cash if you spend $40,000 in purchases.
You’ll also get double rewards on all other purchases and last but not least, you have access to roughly 1,400 exclusive airport lounges around the world. What if you’re not traveling alone? They allow you up to two guests at any one time, so if you would prefer to travel in style with the people you love, this card allows you to do exactly that.
2. The Business Platinum Card from American Express
This card is of course geared toward those individuals who have a lot of money and also own their own business. It gives you five times the rewards on travel, but you also get 1.5 times the rewards on things like construction materials and other costs that are associated with expanding your business. That’s something that you’re not likely to get with hardly any other credit card. More importantly, it can really add up when you’re trying to expand your business or even start a second one.
Other benefits are also geared toward keeping your business in good standing. They involve putting money toward curating financial records in order to carefully examine your spending practices and maximize your profits. There is also a special feature that kicks in if you find any abnormalities against your business credit that you want to dispute.
1. The Platinum Card from American Express
This card gives you 100,000 rewards points if you spend $6,000 within the first six months you have the account. You also get 5 times the rewards on air travel and hotel stays, provided you book your flights through American Express.
Anyone who spends a lot of money on stays at fine hotels will get $200 in cash back at the end of the year. There is also a benefit that gives you an additional $240 in cash for all digital entertainment you have purchased during the previous 12 months. They also provide access to more than 40 different exclusive airport lounges. You can even get up to $200 a year back in baggage fees. More recently, they’ve teamed up with Walmart. Anyone who wants to get a Walmart + subscription can use this card to pay for it for a full calendar year. American Express will then give you all the cash you spent on the subscription back at the end of the year.