Honestly this reminds me of the JP Morgan quote: "If you have to ask, you can't afford it." The black card isn't something you "ask" for; it's just something that you "get" bc of your lifestyle.
Nah....F that I'm just screwing with myself but I went online & put my information in 😂. I treat asking for it like a job interview with higher pay. I go in do what I need to do & I don't get it o well I don't get it. My platinum is unlimited for my upper middle class networth anyway 😂. #FREEAGENTLIFESTYLE
Just changed over from centurion (Japan) to Plat. Wasn’t worth it anymore since I am not using the card that often and the fees went through the roof. Overall I thought it was more for bragging rights than an actual benefit and with the new fees and my age I thought I don’t need the bragging anymore. Happy with the plat.
I would be curious to see if Amex introduces a card in between the Plat and Centurion. I know there was some talk precovid about maybe a $1500 AF card, if this hypothetical card was invite only and maybe offered Delta Silver, Hilton Diamond, Marriott Platinum along with credits like $300 Airline, $300 FHR, TSA, CLEAR. Sure it's a coupon book but I think there could be a market for HENRYs (high earners, not rich yet) in non target cities like the midwest with remote work taking off. 🐎
@@billwright2176 They need to offer points for dining. It makes no sense that a travel card does not have that. I am sure they know people like to dine when they travel.
🐎 I’ve had it for 20 yrs. Turned it down the first time I was invited. I needed something concierge (ish) and called them one day about a month after. Had the card in hand two days later The service when you call is the reason it’s worth the spend. No holding, no bs, just amazing service. Worth it in the long haul.
I think they can definitely get more aggressive with spend requirements, similar to how Ambassador status at Marriott went from $20k to $23k requirement, and how it's harder to find table games with lower minimum bets. House rules and if they need to 're-fine' their clientele, they can definitely adjust when they seem fit 🐎🐎🐎
🐎 I think the interesting point to remember is - do you need it? Even if you did get the tap on the shoulder for the invite and paid to get it, now what? Does the benefits actually translate to useful personal benefits. I have a mix of personal and business AMEX card spending probably just shy of the requirements but it’s mostly business operations related - I’m not spending $20k/night to stay in an international resort. Cool to know more details about it, but the Platinum and Gold card mix will suit me just fine for the foreseeable future. Interesting video!
That's not why you get it. You get is so when people ask you what "the hell is that" when you pull it out, you can explain yourself. Start with "well, this isn't for peasants."
🏇 Man, Cesar needs to get the new card design... embossed numbers on the Black Card feels like a sin 🤣 Although this is likely not a card I'll ever get, it's still really interesting to learn more about. I'll never pass up on a video about it, but out of all that I've seen, this one is one of the most informational, so great work Sebby!
This was the Best informational vid I seen on the AMCC since I started to watch vids on them. This video has poke on ideas I had about getting the card. I think my income and credit score and history play a big role I also always believed they want people who shop and travel and certain places. Like the silent wealth people. People who go to High to Ultra high wealth places that are not widely know and shop at Upper end Ultra luxury shops which your retailer pyramid seems to be right on the money. I do think Goyard goes in the top part. Where you live was not something I thought about but makes since. Brand ambassador also makes sense. Again wonderful vid from a person who does not own the card.
Just saw this video on my feed. Loved the insights. In 2018 I moved to DC area and was invited to apply for Platinum with no initiation fee and an introductory offer to offset the annual fee. I found it strange because I was relatively low net worth and had recently graduated college making about an average salary for my age. I wonder what that push for pre-approved platinum meant for dilution of the centurion requirements even further.
Yes, had the business Centurion for a long time...didn't think I was getting the value from it so went back to the Platinum, then was invited for the personal Centurion which I accepted and really like many of the perks.....my favorite is no lines and always a guaranteed seat in the Centurion Lounge at airports, can't tell you how many times I have been at the airport and a flight is delayed for some reason and the terminal is extremely busy with no where to sit, let alone eat and drink and be productive. This perk is a must for me and great value. Excellent video. Thanks!
@@GetToThePoint-Creditcards There are quite a few.......Saks credit, FHR benefits, Delta status, Mileage bonus, Travel points charge back, Global Entry credit, Uber Credit.....I know I am missing some but these are off the top of my head.
The Centurion card is clearly the Birkin Bag of cards. It seems like Amex likely cares more about the total numbers of cards in circulation than anything else. So, yes, it seems likely that they adjust for inflation and probably slightly for economic downturns too.
You know what I want? The ability to combine my Gold and Platinum Cards onto my Platinum Card. Combine the annual fees, and give me all the perks of both on the Platinum, so I don't have to carry two bloody metal cards around. The most convenient thing AmEx could do would be that. 🐴
@@AskSebby That's crazy. God forbid you dont drink champagne, Jimmie walker and eat caviar, lobster or kobe beef burgers daily. I just wouldn't want it because why would I want to shell out 10,000 grand in fees before I even get to use it, much less spend that required amount of money just to have those benefits. The one scenario it would e worth it is ff I was running a multimillion dollar business in which case I would definitely hook up this card for all of it's expenses in which case it can work in you favor.
🐎 Question, I’m new to AMEX, got a gold last year, half way spent 75k, this year is almost triple. I then got an upgrade notice for Plat. I instead decided to not upgrade but instead flat out get the Plat so I have gold and Plat. I heavily use dinning (got 100k points so far this year in dining) and travel this year increased to 70k on gold. I figured I would get more bang for my buck by going Plat and keeping Gold for restaurants and super markets. I also use the credits as well. I think this is the right move and I used your calculators which seem to be the case. Mainly curious if others are doing this method or I should just go full platinum? I’m also getting the welcome bonus on the plat here soon as well. Thanks for all your help!
I’ve had the Amex platinum for 6 months now and still trying to understand all of the perks and benefits. Especially after using it for our vacation last month
Basically, you need to be a jet-setter who always sits at the front of the plane, or has the plane all to yourself, and stays in top hotels. Makes sense. You’re not going to take full advantage of the concierge and other credits if you’re just buying printers.
Great video. Q: If my spend is on knockoffs can I get a knockoff Amex? I drive a BNW, my watch is a Robex, and my suits are either Hugo Ross or Jojo Arnami. That should be enough to get me a Senturion Amex?
Had a call with my representative in Germany. They said we need more luxary and travel. And business cards they don’t care that much more the personal spending
🐎 Also I’m curious, how do you actually get a car dealership to accept full payment for the car on an Amex (or any card for that matter)? A few years ago I was looking at a new Mercedes C 63 coupe and asked the sales guy what the max was I could put on a card. He looked at me and said, “We can do up to $3000.” So much for reaching your minimum spend! The Service Department at Mercedes, however, has no limit.
That's because the sales guy knows that the finance guy needs him to convince you to get a loan from MBFS. If you offer to pay for the CC fees, you can probably convince them to let you put it all on the CC though.
🐎 excellent vid Sebbe. I have been CSR holder for many years. I was thinking of getting the AMEX platinum. I travel for personal vacations. Do you think that’s worth it?
Sebby, what do the spending multipliers look like on the Centurion? What specific benefits of this card justify the opportunity cost of funneling spending through Amex rather than competing cards with more lucrative bonus categories? Thank you.
I have reserve is it better to get Amex platinum or gold or reserve is fine ? What is credit line on gold and platinum cards thx excellent information!!! Do you have one on these cards or recommend something else
🐎 Hey Sebby! You should do a video on the Amex Platinum (and Centurion) Concierge requests, what are some of the outlandish requests and how much these requests cost. One I remember reading about was a customer wanted some sand from the Dead Sea for his son’s school project and the time stipulation required the Amex employee to hop on a private jet to get to the Dead Sea and fly it back to I think Europe where the customer was based.
🐎Sebby, great video man! I’m super happy with our Gold Amex, but would be curious if there’s another option that’s competitive with their 4x points on domestic grocery & restaurants…do you have a video on your channel that might discuss this topic? If not, what do you think is a good competitor to the Gold Amex? Chase Saphire?
NYC address (but Queens). ~500k spend, ~100k on watches (Richemont mostly since the big hype began) and ~100k on typical apparel that leans luxury but also lots of more regular stuff (Proper Cloth etc.) Rest almost entirely travel including fancy restaurants, flights (I actually buy mostly main cabin domestically), and hotels (mostly Ws/equivalents with some Ritz/Regis thrown in). Most (80+%) is work driven that I expensed but AMEX probably doesn't know/care.
There really needs to be a card between the platinum and the centurion. The average spend on the platinum is in the tens of thousands. There is a demographic that spends in the hundreds of thousands, but not enough for the centurion. A card in between catering to higher spenders and offering a bit more exclusivity than the platinum but less than the centurion would be a great product.
Thanks so much for making this video! It’s a huge help in my understand what the REAL requirements are for this card. I have 4 of AMEX’s most expensive credit cards (in terms of annual fees) and I’m aiming to replace them all with the Centurion Card.
My friend has it but I have no idea what the requirements were for him to get it, he owns a massive beer and liquor distribution company so they spend a lot in general.
When I got my invite I had only had my Platinum for two years all of which was in the UK. I’ve now had my Centurion for 3 years and can say that I really don’t see as much benefit in it compared to my JPM card 🐎
@@boatingmania no I’d say 95% of the time it’s free and the cost of the event is irrelevant the networking you do at these events will make a lot more money then you can ever spend there
🐎 Cmon Sebby I feel like most videos lately are all for super high income tech people who are traveling all the time. Most of us can’t relate to this content. I miss the older vids
What American Express should do is put up a list of global perks and allow the individual cardholder to select what they want from what's available. Not everyone lives in California, New York, London, or the like. Hence, forcing things like Equinox, Saks, Harrods, etc. will be useless to a lot of members. The ability to tailor the service to cater to the needs of the individual would go down better with a lot of people. You don't have/need Equinox, then you are not getting to take full advantage of the service. Having the ability to swap that for foreign airline status, free hotel nights, Amazon credit or whatever offsets & equalize things by allowing every single holder to maximise the benefits for their own particular need.
The fact that you do this depth of research is the reason why I follow this channel! Haven’t finished it yet, but can tell this’ll be a good one. Edit: Not exactly surprised about the spend amounts. Found it interesting that they’re breaking spend down by brands, along with region to see whether or not you “qualify”
People that are doing the points game are certainly not being invited for this card .. the spending needs to be very high and the plat gives no points .
They're making a lot of money from aspirational people paying large fees for benefits they won't use. They'll never filter it as they do with the Centurion
Interesting analysis. By the way, not everyone who has a Centurion, is graceful with money. I work for an antique store in NY. One lady purchased a little dish for $500. She bargained endlessly to pay $50 less. I couldn't quite believe it when she paid with an AmEx Centurion.
🐎Hey Sebby, would love your advice! Business owner here - I've just started making the move into the Chase umbrella. Previously, my BofA AA card was the daily personal driver, and Barclays Hawaiian Airlines Business card was the daily business driver. I've made the decision to move everything to Chase. I've had the Sapphire Preferred card for almost 5 years now, but it has sat in my night stand to act as an emergency card. So I'll start using that as my everyday personal, and then I applied for and got the Ink Unlimited for the everyday business card. My goals are related to value of redemption. I like the idea of being able to apply points/miles to more than one thing, travel being at the top of that list, compared to only either AA or HA. My question for you is, which should I get next? Ink Cash? Or Ink Preferred? I am the type of guy who would go to Staples and buy a bunch of Visa Gift cards (at 5x for the first $25k annually) and just make regular purchases with that, just to take advantage of the 5x multiplier. Any advice would be great! Cheers!
I have a slightly different viewpoint from reading the FT threads and other DP gathered. I don't think the annual spend for the personal Centurion is that high. Its more like $300-500k annually depending on other factors. Those other factors are type of spend (doesn't have to be luxury spend), how long you have been a card member, consistency of spend, and overall credit. Note workarounds are a Private Wealth relationship with Goldmans and probably Morgan Stanley, where your assets can offset spend requirements. Amex is walking a fine line with type of spend. Say someone spends $500K plus annually but not on luxury items, hence not extending an invite. You could alienate that card member.
Never been a fan of taking Amex at my store, got the platinum card and was deny entrance into the centurion LAS, because of a seat issue. Trying figure how to dump my platinum card before I have to renew at $795.
🐎 I don’t see me ever getting an invite, and I’m fine with that. Even if my wife and I combined our spending I doubt we would ever get one. But she prefers the CSR.
I spoke to amex in 2017 directly and they said that over 150-200 if you dont get it thats because you were over using the benefits. Honestly its not worth it.
I had a Centurian card plus the Platinum. To be honest here I found out that the Platinum offered more. Plus a lot less fees etc. So at one point I ended my Centurian card. I still have it as a “souvenir”. It’s made out of titanium. It did impress many women when I used it. As a single guy that was probably my biggest benefit of having it! 😎👍
🐴 Great post. Very helpful background and history. I can see that i'm spending in mostly the right places but probably not at a level that stands out, particularly in light of NYC location. To your point, it's not clear that there is a positive cost/benefit for me vs Platinum.
I saw this mystical card out in the wild just the other day. Some rich lady from Monterrey, MX was using it to buy fast food, and in my pavo mind, I was like "how dare you." I was so close to wealth and she was using hers to buy cheap and super unhealthy food. 😭
This is a wonderful video about Amex. Its really a great company and a legacy brand. Oh yea they are going ot be super exclusive about who has that card going forward!!🐎🐎🐎
Sebby, when you travel abroad, do you find anywhere that accepts amex? Not counting hotel or rental cars. When I go to European countries I haven't found hardly any places that accept amex.
It was a mixed bag. In Japan, 50/50. Better to have a Visa w/tap to pay as a back up. In Europe, the card usually has to have a chip. Learned that the hard way trying to buy train tickets.
For the benefits given -- I don't think the Centurion Card is worth the price. Even if I could spend that amount of money -- I'd much rather spend it on maximizing as many points and miles on welcome bonuses, accelerated offers, etc than on one black card with benefits that don't suit me. It's the wow factor that has so many people chasing it - I get it. But for me, it's not worth the chase.
On personal? I spend that in a couple months on my business platty. I travel all over the world and go to some fancy restaurants. But it’s mostly business expenses.
Sebby, I have Amex platinum w 130k points and Hilton aspire w 240k points , what’s the best way to use the points for a travel vacation? I also saw a 30-40% point bonus if I transferred the platinum points to Hilton points . Thanks in advance for the help.
stealth wealth is the way to go for me….i dont like to be ‘loud’ in showing off my wealth…like some ppl nowdays…*influencers n youtubers * cough cough🤧😮💨
I have a Platinum. I was in a Centurion lounge recently. There are areas reserved only for Centurion holders. Those few people I saw in those areas were kicked out of the area because they didn't have a Centurion card so the areas had no one in them. Why? Because hardly anyone has a Centurion.
It's been a dream of mine to own the Black Card. But in reality I will never be able to obtain it. Also, even if I did get it, I would still use my other cards for 99.9% of my purchases.
💳 Sebby's Card Picks: www.asksebby.com/credit-cards
How to find an elevated Amex Plat Offer: www.asksebby.com/guides/amex-plat-cardmatch
💳 Amex Plat Calculator: www.asksebby.com/credit-card-reviews/amex-platinum-card
Honestly this reminds me of the JP Morgan quote: "If you have to ask, you can't afford it." The black card isn't something you "ask" for; it's just something that you "get" bc of your lifestyle.
Agree
Yes, a lifestyle that expends millions
Nah....F that I'm just screwing with myself but I went online & put my information in 😂. I treat asking for it like a job interview with higher pay. I go in do what I need to do & I don't get it o well I don't get it. My platinum is unlimited for my upper middle class networth anyway 😂. #FREEAGENTLIFESTYLE
😮
100%
Watching this with my 20k annual income hahaha.
😂😂😂😂
😂😂😂😂😂😂
Well, you can always get there.
All good my boy. Gotta start somewhere 👊🏼
Just changed over from centurion (Japan) to Plat. Wasn’t worth it anymore since I am not using the card that often and the fees went through the roof. Overall I thought it was more for bragging rights than an actual benefit and with the new fees and my age I thought I don’t need the bragging anymore. Happy with the plat.
How much was through the roof?
@@twocds4751$5k annual fee.
My boy Sebby dropping the real talk about the difference soft Luxury vs loud
I would be curious to see if Amex introduces a card in between the Plat and Centurion. I know there was some talk precovid about maybe a $1500 AF card, if this hypothetical card was invite only and maybe offered Delta Silver, Hilton Diamond, Marriott Platinum along with credits like $300 Airline, $300 FHR, TSA, CLEAR. Sure it's a coupon book but I think there could be a market for HENRYs (high earners, not rich yet) in non target cities like the midwest with remote work taking off. 🐎
The new amex card will offer walmart ++ instead of just +.
@@billwright2176 nice 😂😂
I agree, I would be down for a card like that.
@@billwright2176 They need to offer points for dining. It makes no sense that a travel card does not have that. I am sure they know people like to dine when they travel.
🐎 I’ve had it for 20 yrs. Turned it down the first time I was invited. I needed something concierge (ish) and called them one day about a month after. Had the card in hand two days later
The service when you call is the reason it’s worth the spend. No holding, no bs, just amazing service. Worth it in the long haul.
Wow you are so fuc*'ing cool dude..
Money shouts, wealth whispers
I think they can definitely get more aggressive with spend requirements, similar to how Ambassador status at Marriott went from $20k to $23k requirement, and how it's harder to find table games with lower minimum bets. House rules and if they need to 're-fine' their clientele, they can definitely adjust when they seem fit 🐎🐎🐎
Yes, i agree with that. They have made it harder and harder but people are still trying to get it and some do succeed.
Yeah, that's the easiest way to prevent overcrowding, increase spending requirements...money is the easiest and most effective barrier to entry.
🐎 I think the interesting point to remember is - do you need it? Even if you did get the tap on the shoulder for the invite and paid to get it, now what? Does the benefits actually translate to useful personal benefits. I have a mix of personal and business AMEX card spending probably just shy of the requirements but it’s mostly business operations related - I’m not spending $20k/night to stay in an international resort. Cool to know more details about it, but the Platinum and Gold card mix will suit me just fine for the foreseeable future. Interesting video!
That's not why you get it. You get is so when people ask you what "the hell is that" when you pull it out, you can explain yourself. Start with "well, this isn't for peasants."
🐎 I love informative videos about Amex. Please keep this type of data/ history based content coming.
🏇 Man, Cesar needs to get the new card design... embossed numbers on the Black Card feels like a sin 🤣 Although this is likely not a card I'll ever get, it's still really interesting to learn more about. I'll never pass up on a video about it, but out of all that I've seen, this one is one of the most informational, so great work Sebby!
Hey Spencer you could get the Centrillion bracelet
🐎 I like the subtle showing that you have the brands Amex likes.
This was the Best informational vid I seen on the AMCC since I started to watch vids on them. This video has poke on ideas I had about getting the card. I think my income and credit score and history play a big role I also always believed they want people who shop and travel and certain places. Like the silent wealth people. People who go to High to Ultra high wealth places that are not widely know and shop at Upper end Ultra luxury shops which your retailer pyramid seems to be right on the money. I do think Goyard goes in the top part. Where you live was not something I thought about but makes since. Brand ambassador also makes sense. Again wonderful vid from a person who does not own the card.
Just saw this video on my feed. Loved the insights. In 2018 I moved to DC area and was invited to apply for Platinum with no initiation fee and an introductory offer to offset the annual fee. I found it strange because I was relatively low net worth and had recently graduated college making about an average salary for my age. I wonder what that push for pre-approved platinum meant for dilution of the centurion requirements even further.
Yes, had the business Centurion for a long time...didn't think I was getting the value from it so went back to the Platinum, then was invited for the personal Centurion which I accepted and really like many of the perks.....my favorite is no lines and always a guaranteed seat in the Centurion Lounge at airports, can't tell you how many times I have been at the airport and a flight is delayed for some reason and the terminal is extremely busy with no where to sit, let alone eat and drink and be productive. This perk is a must for me and great value. Excellent video. Thanks!
Business card means nothing. Let us know when you have their personal card
@@ssing7113 dude maybe you should let us know when you learn how to read…
@@normanzeng8539 facts.
I also have the personal version, what other benefits do you use? lounge is while great is not that big of deal for me.
@@GetToThePoint-Creditcards There are quite a few.......Saks credit, FHR benefits, Delta status, Mileage bonus, Travel points charge back, Global Entry credit, Uber Credit.....I know I am missing some but these are off the top of my head.
The Centurion card is clearly the Birkin Bag of cards.
It seems like Amex likely cares more about the total numbers of cards in circulation than anything else. So, yes, it seems likely that they adjust for inflation and probably slightly for economic downturns too.
I just got mine last week, I had been inquiring about it for years. I did an unboxing on my TikTok; my spend was $1m/year on personal platinum.
Congrats!
You know what I want? The ability to combine my Gold and Platinum Cards onto my Platinum Card. Combine the annual fees, and give me all the perks of both on the Platinum, so I don't have to carry two bloody metal cards around. The most convenient thing AmEx could do would be that. 🐴
Hmm, I guess I should avoid using my Amex cards at Dollar Tree and McDonalds so they don’t think I’m poor and exclude me from other cards.
Ironically, I once had my Amex Plat decline at a Mcdonald’s bc they thought it was a fraudulent charge. I just wanted a McChicken and fries lol.
I literally LOVE dollar store. But I use my Sapphire Reserve there and my Platinum at Tiffany’s and Hermès 😂
@@AskSebby That's crazy. God forbid you dont drink champagne, Jimmie walker and eat caviar, lobster or kobe beef burgers daily. I just wouldn't want it because why would I want to shell out 10,000 grand in fees before I even get to use it, much less spend that required amount of money just to have those benefits. The one scenario it would e worth it is ff I was running a multimillion dollar business in which case I would definitely hook up this card for all of it's expenses in which case it can work in you favor.
😂😂😂😂
🐎 Question, I’m new to AMEX, got a gold last year, half way spent 75k, this year is almost triple. I then got an upgrade notice for Plat. I instead decided to not upgrade but instead flat out get the Plat so I have gold and Plat. I heavily use dinning (got 100k points so far this year in dining) and travel this year increased to 70k on gold. I figured I would get more bang for my buck by going Plat and keeping Gold for restaurants and super markets. I also use the credits as well. I think this is the right move and I used your calculators which seem to be the case. Mainly curious if others are doing this method or I should just go full platinum? I’m also getting the welcome bonus on the plat here soon as well. Thanks for all your help!
I’ve had the Amex platinum for 6 months now and still trying to understand all of the perks and benefits. Especially after using it for our vacation last month
I got some stock in Amex last year and it is steadily going up up up. I have them both in a mutual fund and stand alone. Good investment.
Basically, you need to be a jet-setter who always sits at the front of the plane, or has the plane all to yourself, and stays in top hotels. Makes sense. You’re not going to take full advantage of the concierge and other credits if you’re just buying printers.
Great video. Q: If my spend is on knockoffs can I get a knockoff Amex? I drive a BNW, my watch is a Robex, and my suits are either Hugo Ross or Jojo Arnami. That should be enough to get me a Senturion Amex?
😂LMAO😂!
LOL there are plenty of knock off custom metal card companies 😉
Hard pass because no sub bonus. In fact, it’s a reverse sub-bonus, they charge you an initiation fee and an annual fee.
was waiting for this tbh i assumed you needed that nw good video as always look forward to more interviews
🐎 It was so interesting to learn about the history of this card. Thank you for taking the time to do all of that research!
Had a call with my representative in Germany. They said we need more luxary and travel. And business cards they don’t care that much more the personal spending
🐎 Also I’m curious, how do you actually get a car dealership to accept full payment for the car on an Amex (or any card for that matter)? A few years ago I was looking at a new Mercedes C 63 coupe and asked the sales guy what the max was I could put on a card. He looked at me and said, “We can do up to $3000.” So much for reaching your minimum spend! The Service Department at Mercedes, however, has no limit.
That's because the sales guy knows that the finance guy needs him to convince you to get a loan from MBFS. If you offer to pay for the CC fees, you can probably convince them to let you put it all on the CC though.
🐴 … thanks for another insightful breakdown 🎉
🐎 excellent vid Sebbe. I have been CSR holder for many years. I was thinking of getting the AMEX platinum. I travel for personal vacations. Do you think that’s worth it?
Well done in every respect !
Outstanding on every level !
Sebby, what do the spending multipliers look like on the Centurion? What specific benefits of this card justify the opportunity cost of funneling spending through Amex rather than competing cards with more lucrative bonus categories? Thank you.
I have the card. you get 1 % back on everything, it is not good at all. You don't have the card to earn more points.
🐎 Great summary video. Any chance they will make a card between the Platinum and the Centurion?
I use Greyhound quite a lot for travel...is there a card I can get as well?
by far the best and in depth video on the centurion card I found
I have reserve is it better to get Amex platinum or gold or reserve is fine ? What is credit line on gold and platinum cards thx excellent information!!! Do you have one on these cards or recommend something else
Great video. I'll never own a Centurion, but I'm happy you convinced me to get a Platty. I love my Platty.
No one will ever own a Centurion. Cards are the property of the issuing bank. And of course you don't own an account.
🐎 Hey Sebby! You should do a video on the Amex Platinum (and Centurion) Concierge requests, what are some of the outlandish requests and how much these requests cost. One I remember reading about was a customer wanted some sand from the Dead Sea for his son’s school project and the time stipulation required the Amex employee to hop on a private jet to get to the Dead Sea and fly it back to I think Europe where the customer was based.
🐎Sebby, great video man! I’m super happy with our Gold Amex, but would be curious if there’s another option that’s competitive with their 4x points on domestic grocery & restaurants…do you have a video on your channel that might discuss this topic? If not, what do you think is a good competitor to the Gold Amex? Chase Saphire?
Great video...the Amex method is similar to getting a Hermès Birkin...only for loyal customers.
NYC address (but Queens). ~500k spend, ~100k on watches (Richemont mostly since the big hype began) and ~100k on typical apparel that leans luxury but also lots of more regular stuff (Proper Cloth etc.) Rest almost entirely travel including fancy restaurants, flights (I actually buy mostly main cabin domestically), and hotels (mostly Ws/equivalents with some Ritz/Regis thrown in). Most (80+%) is work driven that I expensed but AMEX probably doesn't know/care.
There really needs to be a card between the platinum and the centurion. The average spend on the platinum is in the tens of thousands. There is a demographic that spends in the hundreds of thousands, but not enough for the centurion. A card in between catering to higher spenders and offering a bit more exclusivity than the platinum but less than the centurion would be a great product.
Thanks so much for making this video! It’s a huge help in my understand what the REAL requirements are for this card. I have 4 of AMEX’s most expensive credit cards (in terms of annual fees) and I’m aiming to replace them all with the Centurion Card.
I wish they kept the old platinum card weight. Its now cut down with a plastic finish for the tap feature. Feels cheap now
My friend has it but I have no idea what the requirements were for him to get it, he owns a massive beer and liquor distribution company so they spend a lot in general.
When I got my invite I had only had my Platinum for two years all of which was in the UK. I’ve now had my Centurion for 3 years and can say that I really don’t see as much benefit in it compared to my JPM card 🐎
It’s pretty cool the perks you also get invited to go to events flown out on private jets and even to exclusive restaurant launches
That just means You get invited to pay for expensive things.
@@boatingmania no I’d say 95% of the time it’s free and the cost of the event is irrelevant the networking you do at these events will make a lot more money then you can ever spend there
🐎 Cmon Sebby I feel like most videos lately are all for super high income tech people who are traveling all the time. Most of us can’t relate to this content. I miss the older vids
If I was Amex I’d try another one more exclusive. $250,000 initiation and $50,000/ year with insane benefits and credits. How high could they go???
What American Express should do is put up a list of global perks and allow the individual cardholder to select what they want from what's available. Not everyone lives in California, New York, London, or the like. Hence, forcing things like Equinox, Saks, Harrods, etc. will be useless to a lot of members. The ability to tailor the service to cater to the needs of the individual would go down better with a lot of people. You don't have/need Equinox, then you are not getting to take full advantage of the service. Having the ability to swap that for foreign airline status, free hotel nights, Amazon credit or whatever offsets & equalize things by allowing every single holder to maximise the benefits for their own particular need.
🦓 I don’t have a horse, but I have a zebra. Almost the same thing haha. Love you Seb! Thank you for all of your hard work and knowledge!
🏇Very nice breakdown and analysis! Appreciate knowing how far away I am from living in that world, something to strive for one day lol.
I would not want to spend $200-300K a year. I don’t even want to imagine how I would even try to do that.
The fact that you do this depth of research is the reason why I follow this channel! Haven’t finished it yet, but can tell this’ll be a good one.
Edit: Not exactly surprised about the spend amounts. Found it interesting that they’re breaking spend down by brands, along with region to see whether or not you “qualify”
Thanks :)
People that are doing the points game are certainly not being invited for this card .. the spending needs to be very high and the plat gives no points .
watching this as a centurion member myself, they are for sure not looking for the amount of spend but the type of spend.
GOOD INFO! Which private banks offer the Centurion Card with a Deposit??
Glad I found your channel. Thanks!
Sebbbbbbby does it again 🎉
YES Amex needs to filter the Platinum too same way it did with the Centurion black. Exclusivity itself is a product!
They're making a lot of money from aspirational people paying large fees for benefits they won't use. They'll never filter it as they do with the Centurion
How do you get to charge an entire vehicle on a CC? Most dealers limit you to say $5k due to fees.
Interesting analysis. By the way, not everyone who has a Centurion, is graceful with money. I work for an antique store in NY. One lady purchased a little dish for $500. She bargained endlessly to pay $50 less. I couldn't quite believe it when she paid with an AmEx Centurion.
Heh, I noticed that some people see shopping as a game and always strive to get a discount, regardless of how much money they have.
I would say she is very graceful with money. She got 50 bucks off!
Reminds me of the commercial, "I don't spend a fortune on anything, that's why I have a fortune.."
🐎Hey Sebby, would love your advice! Business owner here - I've just started making the move into the Chase umbrella. Previously, my BofA AA card was the daily personal driver, and Barclays Hawaiian Airlines Business card was the daily business driver. I've made the decision to move everything to Chase. I've had the Sapphire Preferred card for almost 5 years now, but it has sat in my night stand to act as an emergency card. So I'll start using that as my everyday personal, and then I applied for and got the Ink Unlimited for the everyday business card.
My goals are related to value of redemption. I like the idea of being able to apply points/miles to more than one thing, travel being at the top of that list, compared to only either AA or HA. My question for you is, which should I get next? Ink Cash? Or Ink Preferred? I am the type of guy who would go to Staples and buy a bunch of Visa Gift cards (at 5x for the first $25k annually) and just make regular purchases with that, just to take advantage of the 5x multiplier.
Any advice would be great! Cheers!
It’s not surprising, but good to know 🐎 mmm I feel like because of inflation, they’ll possibly get stricter on invites & add spending requirements.
I have a slightly different viewpoint from reading the FT threads and other DP gathered. I don't think the annual spend for the personal Centurion is that high. Its more like $300-500k annually depending on other factors. Those other factors are type of spend (doesn't have to be luxury spend), how long you have been a card member, consistency of spend, and overall credit. Note workarounds are a Private Wealth relationship with Goldmans and probably Morgan Stanley, where your assets can offset spend requirements.
Amex is walking a fine line with type of spend. Say someone spends $500K plus annually but not on luxury items, hence not extending an invite. You could alienate that card member.
Right. $500k a year on non-luxury items. On mcdonalds, starbucks, and economy class tickets.
@@Michael-iw3ek disposable income spend is spend…
@@calisteve2023 ... how do you spend over $1000 per day and avoid luxury items?
Do you think that the JO Morgan reserve is a better option?
🐎 This was a really great video. Thank you for researching this for us!
I love Amex. I have two cards with them. Might get a third in the near future. Looking to get the gold.
Never been a fan of taking Amex at my store, got the platinum card and was deny entrance into the centurion LAS, because of a seat issue. Trying figure how to dump my platinum card before I have to renew at $795.
You can downgrade your Platinum card for a different card like the Gold card or the Green card, in order to avoid the Platinum’s annual fee.
I like the extensive research you did on the data points. 🐴🐎
🐎 I don’t see me ever getting an invite, and I’m fine with that. Even if my wife and I combined our spending I doubt we would ever get one. But she prefers the CSR.
I spoke to amex in 2017 directly and they said that over 150-200 if you dont get it thats because you were over using the benefits. Honestly its not worth it.
I'm quoted in the FT post at 12:43!🐎
🐎 I got mine last summer after being a platinum member for a few months... and it's worth every cent.
I had a Centurian card plus the Platinum. To be honest here I found out that the Platinum offered more. Plus a lot less fees etc. So at one point I ended my Centurian card. I still have it as a “souvenir”. It’s made out of titanium. It did impress many women when I used it. As a single guy that was probably my biggest benefit of having it! 😎👍
🐴 Great post. Very helpful background and history. I can see that i'm spending in mostly the right places but probably not at a level that stands out, particularly in light of NYC location. To your point, it's not clear that there is a positive cost/benefit for me vs Platinum.
I saw this mystical card out in the wild just the other day. Some rich lady from Monterrey, MX was using it to buy fast food, and in my pavo mind, I was like "how dare you." I was so close to wealth and she was using hers to buy cheap and super unhealthy food. 😭
That old rumor of Optio card that sits between Platinum and Centurion should be revived. Highly doubly it though
This is a wonderful video about Amex. Its really a great company and a legacy brand. Oh yea they are going ot be super exclusive about who has that card going forward!!🐎🐎🐎
Very interesting and informative video, Sebby! 🐴🐎
Do you need to Platinum Amex to qualify?
Can I convert some of my spirit airfare miles from expedia to this card thoufgh?
I see Amex in the feature making those requirements higher and uniformed across the USA to make sure people don’t try to game the system. 🐴🐎🎠🏇🦄
Sebby, when you travel abroad, do you find anywhere that accepts amex? Not counting hotel or rental cars. When I go to European countries I haven't found hardly any places that accept amex.
It was a mixed bag. In Japan, 50/50. Better to have a Visa w/tap to pay as a back up. In Europe, the card usually has to have a chip. Learned that the hard way trying to buy train tickets.
🏇Is the concierge service alone worth $500/month? Can you treat it like a personal assistant?
Thumbs up and subbed bc data is awesome and big props for all the research
I wonder how many people have turned down an invitation.
Does AMEX know you have vertical blinds though?
You pay $1500 per year subscription with an extra fee per supplemental card.
For the benefits given -- I don't think the Centurion Card is worth the price. Even if I could spend that amount of money -- I'd much rather spend it on maximizing as many points and miles on welcome bonuses, accelerated offers, etc than on one black card with benefits that don't suit me. It's the wow factor that has so many people chasing it - I get it. But for me, it's not worth the chase.
I got mine in the UK - 4 years ago. I would say it was about 700k a year spend for 4/5 years before i got invite
On personal? I spend that in a couple months on my business platty. I travel all over the world and go to some fancy restaurants. But it’s mostly business expenses.
Sebby, I have Amex platinum w 130k points and Hilton aspire w 240k points , what’s the best way to use the points for a travel vacation? I also saw a 30-40% point bonus if I transferred the platinum points to Hilton points . Thanks in advance for the help.
Great content as usual! Thoughts on AMEX releasing the AMEX Optio in the future as a card between the Platinum and Centurion card?
They should do a white holographic card
stealth wealth is the way to go for me….i dont like to be ‘loud’ in showing off my wealth…like some ppl nowdays…*influencers n youtubers * cough cough🤧😮💨
I'd love to get the black card one day, but I'm not gonna bend over backwards to try and get it
🐎🐎🐎
Great video! Learned a lot
🐎is Amex still worth it? Do you have a comparison video for JP Morgan Reserve vs Chase Sapphire vs Amex Plat?
I have a Platinum. I was in a Centurion lounge recently. There are areas reserved only for Centurion holders. Those few people I saw in those areas were kicked out of the area because they didn't have a Centurion card so the areas had no one in them. Why? Because hardly anyone has a Centurion.
It's been a dream of mine to own the Black Card. But in reality I will never be able to obtain it. Also, even if I did get it, I would still use my other cards for 99.9% of my purchases.