- Gold Member
- Posts: 49
- Joined: Mon Jul 16, 2012 3:44 pm
- Location: allen, texas
I am new to this forum, but not new to the private banking. I have read some questions or curiosity about how to get an American Express black card or even JPM Palladium card. Here are some stories i want to share with everyone from my experience as being a personal financial guy for a billionaire.
My client is B and very wealth but very private. Anyway, he is wealthy enough that he has spent an average $300k a month just on household spending. I won't go into details since it is confidential. But one day, I was asked to get him AMEX Black Card. I asked why all of sudden he wants this card (he never cares), find out that his wife saw another guy's wife has one at a dinner, she just wants one in her purse.
I was given a week to get one. I know it is invitation only. By the way, my client has accounts with all major investment banks (GS, JPM, UBS, etc). so i called AMEX NY head office directly, ask for VP in charge of Black card. Finally I spoke to this lady, she just kept saying that it is invitation only, so i said why don't you google his name right now. didn't work. I was pissed.
Instead, i called his private banker in UK (SG Hambros), through her, the banker contacted AMEX europe office to get card for him within a week. Again my client also has palladium card as well, he uses that card more than AMEX. Actually i got it for him through JPM private banking side, no question asked since he has very long history with JPMorgan. currently he has like 3.5 million points on the card.
So for really wealthy people, they really don't care about these cards. They can pay anything in cash. A lot of times, their wives are the ones who want it in their purse.
Regarding the benefits, they don't care the airline clubs, since they charter the jet on all his trips.
Current Cards: American Express:Blue Cash Everyday CL 33.6k member since 94
Bank Americard Power Cash Rewards Signature Visa CL 20k member since 10
Discover IT $9.5k member since 10
Chase freedom $10k, since 13
BB Store card $2600, since 02
Macys $2700, since 02
Gap/BR $800, since 02