Darrvao777 wrote:Quick question about the invitation for centurion: you have to be a platinum cardholder first?
And you have to put all your spend on it?
I doubt anyone will be able to give you a definitive answer to the first question. I wouldn't be at all shocked if they invited someone who, for example, was spending $500k per year on a PRG. But how many people would spend $500k and not already have a platinum?
It's hard to spend that kind of money on boring consumer stuff like gas, groceries, a modest car, etc. Most people spending like that have a lot of their money going to luxury items and travel. Or someone can have a lot of expenses related to their work.
The point being - some people like the Platinum mainly for practical travel benefits, and others get it more as a status symbol. I just have a hard time picturing someone who spends that much money and doesn't fall into one of those two categories (and therefore would already have a Platinum). There may be quite a few 'modest multimillionaires' who just don't like to pay annual fees and don't travel a lot - but they may prefer to save rather than spend.
An interesting 'test case' could be a $100M lottery winner who goes from spending maybe $15k on a credit card per year to $1M+ while never having an account with Amex. Would Amex invite a person who has never had a card with them to have their top luxury card if it meant that would make $30,000 or so per year in swipe fees? I don't know but I'm curious.