If you got an invitation for the Amex Centurion, would you spend $7,500 for it?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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JCarter
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Postby JCarter » Tue Apr 17, 2012 11:51 am

rohnin wrote:How can I get this card? I called Centurion recently and asked about criteria, and the only answer I got was that they would note interest on my account but would not disclose any other details.


Quite simply if you're asking, you are not one of the customers they are seeking.

If you want an invite, plan on $300,000 per year in LUXURY spending alone. This means full fare tickets purchased via PTS as well as hotel stays.

You also need to be a customer for 5 years now and show a history of luxury purchases, with stellar payment history.

For a business card, you'll want double that in total spending.


JCarter
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Postby JCarter » Tue Apr 17, 2012 11:52 am

Mogul of Pineapples wrote:I would choose the JP Morgan Palladium card over the Centurion, given its cost is much lower.

As jeffysdad said, this "problem" of having to decide between a Centurion or not is one I'm not lucky enough to have!


Palladium when obtained from PWM (As it is intended to be) does not have an annual fee. The benefits vary from level to level however.

JCarter
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Postby JCarter » Tue Apr 17, 2012 11:59 am

DoingHomework wrote:Bravo4, Could you post a direct comparison of what you get with platinum and what you get with the black card? I still don't see the extra benefits being worth the extra annual fee. Perhaps if there were a clear benefit I would consider it.


I'm not Bravo4, but I do hold a Centurion and use it for the benefits (Not elite status).

First of all the Concierge is very good at obtaining items/services you can't normally obtain.

Air travel is very nice, but given that a smart consumer is going to stick within one airline and utilize that status to book in the future (even via codeshare). The true benefit here is lounge access, simply flashing the card DOES (even though it is not pre-arranged as a benefit) get you in to most airline lounges. Why? I don't know, but I enjoy this perk.

I fly full fare first on business travel, so I am unable to comment on upgrades. I also hold United Global Services so that is kinda null in use for UA.

My son is graduating from law school this May, and I was able to have the Encore (Owned by Wynn) book him and friends out a suite at minimal cost to blow off some steam before the bar. All because of this "status" with Centurion.

I was able to get a colleague of mine medevac'd home at no charge due to purchasing our tickets on my Centurion (Without travel insurance). That saved $100,000+

Trust me the benefits are there, but you really need to use them to see an advantage.

JCarter
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Postby JCarter » Tue Apr 17, 2012 12:00 pm

DoingHomework wrote:I doubt it. Most people who are "worth a couple of million" are just ordinary people who are smart with their money. They can afford to do what they want but that's mostly because their wants are not so extreme. They don't let their decisions be driven by ego.


You apparently need to meet more people "worth a couple of million" might I suggest heading to any local country club with more elite membership?

jeffysdad
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Postby jeffysdad » Tue Apr 17, 2012 12:42 pm

Never, not even if my net worth was $500M or more. I would add the $7,500/year to my annual charitable giving, which would be substantial.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

2percentPlus
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Postby 2percentPlus » Wed Apr 18, 2012 2:12 am

jeffysdad and I are both over here on the Fidelity gravy train..who needs a Centurion?

JCarter
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Postby JCarter » Wed Apr 18, 2012 3:44 pm

jeffysdad wrote:Never, not even if my net worth was $500M or more. I would add the $7,500/year to my annual charitable giving, which would be substantial.


Why? You can write off the $7,500 fee just as you write off the charity donations...

jeffysdad
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Postby jeffysdad » Wed Apr 18, 2012 3:46 pm

The point isn't the tax deduction; it's where the money goes.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

Celestine
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Postby Celestine » Wed Apr 18, 2012 8:56 pm

bravo4 wrote:If you got an invitation for the Amex Centurion, would you spend $7,500 for it?

What if the fee went up to $10,000 - would it still be worth it?


Wouldn't spend that much money on Centurion. I'd add that $7,500.00 in one of my investments even if the $7,500.00 is a small amount to begin with.
"Nearly all men can handle adversity, but if you really want to test a man's character - give him power." - Abraham Lincoln

amexguy321
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Postby amexguy321 » Wed Apr 18, 2012 9:05 pm

@jcarter

have you tried to flash the card at any Lufthansa lounges... also i know United does not do business with amex anymore, but what about them. i am wondering bc i am a secondary card holder.. thx



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