Access to large amounts of money often translates to even greater credit card benefits. However, there’s a significant gap between the credit cards available to those with little credit history and those utilized by the ultra-wealthy. The 10 credit cards listed below exemplify this difference. Obtaining one of these cards is a considerable challenge unless one has wealth beyond imagination.
10. Coutts World Silk Card
This card is considered to be extremely exclusive, so much so that even the wealthiest individuals may not be able to obtain one. Currently, only 100 individuals worldwide are eligible for this card. To qualify, one must have a minimum of $1 million in a Coutts account, in addition to funds in other accounts. This credit card is the oldest in England and despite its exclusivity, many affluent individuals are not even aware of its existence.
By choosing exclusivity, you can enjoy access to things that are not accessible to everyone. This includes a unique concierge service that’s available 24/7. You can easily request pick-up or drop-off services without the need to hire a driver. Additionally, there are other exclusive benefits available to you. For instance, if you wish to shop at a high-end designer store without any interruptions from other customers, that can be arranged.
Yes, you read it right! The opportunity to go shopping at stores all by yourself is now within your grasp. Whether you prefer to shop during the wee hours of the night or at any other time that suits your schedule – it’s all up to you. Furthermore, you will also have access to stores that are not open to the general public. These stores require an appointment and approval process, rather than allowing just anyone to walk in. Additionally, you will gain exclusive access to airport lounges that are not available to the public. This fact alone is enough to convince most people that this card is definitely worth having.
9. Stratus Rewards Visa Card
Right off the bat, this credit card stands out from the rest. Unlike other cards, you can’t simply apply for it. Instead, you must be personally invited to apply once your net worth reaches a certain, undisclosed threshold. If you’re fortunate enough to receive an invitation, consider yourself among the elite, as the company extends very few invites. Furthermore, it’s nearly impossible to determine what the exact qualifications are since the company keeps them under wraps. Interestingly, even those who possess one of these exclusive cards are hesitant to divulge any details.
What makes this card unique? Well, for starters, the rewards points operate differently than most. Instead of accumulating rewards to redeem for flights with a specific airline carrier, cardholders collect points to rent private jets. As this is a costly endeavor, even for the ultra-wealthy, those who possess this card can pool their points to rent a jet to any destination of their choosing. Along with this fantastic feature, there are numerous other benefits to be enjoyed. These include access to a free concierge service, significant discounts on charter flights, shopping at exclusive outlets, and consultations with experts who can help cardholders discover the meaning of life. It’s worth noting that this card does come with a hefty annual fee of $1,500.
8. Dubai First Royal MasterCard
Consider yourself extremely fortunate if you manage to acquire this card. Similar to the one mentioned earlier, an invitation is required to obtain it. This time, the invitation is provided by Dubai First Bank. What can you anticipate from a credit card embellished with genuine gold and featuring a real diamond right in the center? Well, as it turns out, you can expect a lot.
With this card, there’s no limit to what you can buy. There are no restrictions whatsoever, giving you the freedom to purchase anything your heart desires. Even a private jet can be yours without anyone trying to intervene, regardless of how much you spend. Moreover, you’ll have a dedicated team available to you 24/7, ready to fulfill your every request. Their sole purpose is to take care of everything for you so that you don’t have to lift a finger unless you want to. Whether you need a personal driver or a five-star chef to prepare your meals, they’ll be at your service.
7. JP Morgan Chase Reserve Card
This card is also an exclusive invitation-only offer, which requires a significant amount of wealth and investment in JPMorgan assets to qualify. The perks are not as extravagant as some of the other cards mentioned, but the travel benefits are quite impressive. Cardholders can accumulate three rewards points for every dollar spent, which can later be redeemed for any type of travel. If you don’t meet the stringent criteria, you won’t even make it past the application process.
If you’re a frequent user of DoorDash, Caviar, or a few other companies, the card has partnered with them to offer you exclusive rewards whenever you use the card to pay for your purchases. The card comes with a robust fraud protection program, ensuring that you won’t fall victim to unauthorized charges. The annual fee for the card is $595, which might seem steep to some, but it’s reasonable compared to the annual fees charged by other credit cards designed for high net worth individuals.
6. American Express Centurion Card
The American Express card in question is designed for a very particular group of people – specifically, those who already have an American Express card and have a high level of spending in certain areas. In fact, reports indicate that the company has a minimum annual spending requirement of a few hundred thousand dollars on things like fine dining and luxury items, and will not issue the card to anyone making less than $100,000 per year. Even if you meet these requirements, there is no guarantee that your application will be approved. If you are fortunate enough to be approved, be prepared to spend a significant amount of money in order to take advantage of the benefits of this exclusive card.
To gain access to the card, approved individuals are required to pay an initial fee of $10,000 with an additional annual fee of $5,000. In case you need a cash advance, it is possible, but it comes with a cost of 29.99%. Although it is possible to pay for purchases over time while accumulating interest, American Express encourages cardholders to pay off their purchases in full within 30 days.
5. Chase Sapphire Reserve
To obtain this card, it’s essential to have a superb credit history and be ready to pay a $500 yearly charge. However, the perks that come with it are worth the investment. The card offers several benefits, such as earning $9,000 in travel rewards when you spend $40,000 within the first 90 days of opening the account. Additionally, you’ll receive $300 in cash annually for expenses incurred on travel during the previous calendar year.
This rewards credit card is a travel enthusiast’s dream come true. You’ll earn rewards points on almost every purchase, but the card’s primary focus is on travel. You can earn a whopping five times the rewards on all air travel and ten times the rewards on fine dining and hotel stays. With such incredible rewards, it won’t be long before you accumulate significant travel cash. Additionally, the card provides exclusive access to over 1,000 airport lounges worldwide. If you’re someone who loves to travel but hates waiting in crowded airport terminals or going through TSA checkpoints, the exclusive access to airport lounges alone is reason enough to get this card, even without considering all the other benefits it offers.
4. X1 Credit Card
Without a doubt, this card has numerous benefits. Unlike many other cards that come with an exorbitant annual fee, this card doesn’t have one. Moreover, its annual percentage rate can range from 5% to 22%. If you’re skilled at managing your finances and have a substantial income, you can take advantage of the 5% APR for major purchases. This feature sets this card apart from others and makes it a unique option.
In addition to its primary benefits, this card offers a range of other perks. No matter what you buy, you’ll earn double rewards points on every purchase you make. But if you’re looking to take your rewards to the next level, spend $15,000 within a single calendar year and you’ll receive triple rewards points on every dollar you spend for the entire year. Unlike some one-time offers, this benefit is available continuously for as long as you hold the card.
3. Capital One Venture X Rewards Card
To obtain this card, you will need to pay an annual fee of $395. It is specifically designed for frequent travelers, making it a great option for those who travel frequently. By using this card to pay for all of your travel-related expenses, you can save money and travel more. You can earn 10 times the rewards on air travel and 5 times the rewards on rental cars, but only if you book through Capital One Travel. Additionally, during the first 90 days of holding the card, you can earn approximately $750 in free travel cash if you make purchases totaling $40,000.
In addition to earning double rewards on all purchases, this card offers access to approximately 1,400 exclusive airport lounges worldwide. If you’re not traveling solo, the card allows you to bring up to two guests with you, so you can enjoy the benefits of traveling in style with your loved ones.
2. The Business Platinum Card from American Express
For individuals who own their own business and have significant financial resources, this card is an ideal choice. It offers a generous five times reward points on travel expenses, and also provides 1.5 times reward points on business expansion costs such as construction materials. This unique benefit sets it apart from other credit cards on the market. The rewards can truly accumulate, making it an excellent option for those looking to grow their existing business or even start a new venture.
In addition to maintaining a favorable reputation for your business, there are other advantages that come with it. This includes investing resources into organizing your financial statements to analyze your expenditure patterns and optimize your earnings. Furthermore, there is a unique feature that comes into play if you come across any inconsistencies related to your business credit that you wish to challenge.
1. The Platinum Card from American Express
If you spend $6,000 within the first six months of opening the account, this card will reward you with 100,000 points. Additionally, you can earn five times the rewards on air travel and hotel stays if you book your flights through American Express.