Thanks for including specific amounts and prior history. You're one of the few channels that I have immediate alerts set up for because of your no-nonsense approach.
Very interesting to hear all about your spending habits to reach that centurion eligibility. Never seen anyone else be as transparent as you. Thank you for sharing 🙏🏽 but this video just reminded me of how poor I am 😢
I can spend 300,000 consistently every year, but my assets aren't over 10m. They barely reach 1m, and I hear assets plays a big part if you want to be approved and with my low spend i'm not sure i can reach it. Hopefully I can spend more and get my assets up, but this is the first video i've seen that really goes in depth on what cards/how much spend. Love the channel.
I don't think you need to have 10M in assets to get the card. However, if you had that much in investible assets held in certain firms, that would be one way to get the card and bypass the spend requirements.
The Centurion benefits are awesome, I have received a invited for a red carpet event for the new James Bond movie, A invite for driving experience in a Porsche on F1 circuit and the gala premiere of Disney Aladin. So the benefits are huge. 😉
Thanks for the honesty and exposing yourself to all of us. You inspire me and many to conquer your obstacles and focus on your objectives. Many Blessings to you✌️
Thank you for making this video. I read it also depends on your location. A person in NYC would need to spend substantially more than a person in Nashville or Boise to be eligible for Amex Centurion card.
Fascinating, thanks for sharing the data points. Question out of curiosity: Did you set out with the goal to put the majority of spend on Platinum, despite it likely not being the best multiplier in order to score the invite? If so, since getting the black card have you reallocated spend to cards with better multipliers when appropriate? Wondering if that would affect the Amex relationship
Yes, it was intentional. I am not spending the same amount on amex anymore and my relationship will not be effected, specifically related to centurion membership.
Oh my word... and I thought that Centurion over exaggerated with their invitation requirements. I had no idea well off/comfortable people really spent so much money like this. I figured the reason most wealthy people (not celebrities 🙄) are wealthy is because they saved money and didn't spend it. Thank you for your transparency, it's a bit of an eye opener into a world that I know nothing about.
It’s always been a dream of mine to have this card but after hearing this, I’m not sure I want to feel obligated to spend to much just get the invite lol
Love the honest and to the point video, it feels like a private conversation. I think it also depends on the type spend, for example you did a lot of travel .Amex built their company reputation on travel.
thanks for keeping it real ive debated getting a green to get my spending up but I like being in many point buckets.. i feel the same 400k+ at a minimum also nice to see you double your subs since I subscribed
Actually real millionaires have a lots of time. Coz there are a lots of poor people working for them. So if you aggregate all those hours the output will be way more than what a single person can work. That's the secret 😉
I got an Invitation in the Mail! It did say Invitation, black envelope that said Metal Luxury Card and the annual fee was $695 with 100k points if you spend 6k in the first 6 months. Not sure if this black metal card was different than any other black card Amex Offers. I'm not a high spender so Amex cards won't work for my needs as I am into maximizing my cash back on every penny I spend. My max yearly spending is only about 125k a year so not really sure if they just sent it out which I have another 3 offers for some other Amex cards 1 of them being a gold plated card which I also looked into. So an Amex Agent has to call you then?!
Could easily be $250k/yr for a minimum of 3 years. As soon as they realized you were going to hit $250k in year 3 you got the offer. The only way to prove your theory correct would have been if you had 3+ years of $250k-500k with no offer followed by 2-3 years at $500k+ getting the offer, but unfortunately that's not how it happened so can't really conclude much based on your experience.
@@GetToThePoint-Creditcards last question 🙋♂️, if you buy a car let’s say 50k how soon you need to pay off and is there APR involved with this kind of cards? Thank you
This is the USA personal Centurion - right? Did you answer "YES" to a net worth over $20,000,000.00 USD? There are easier ways to get the Centurion than via spending - and getting the USA card is by far the hardest. I'm pretty confident that a 800+ Credit Score, an 8 figure net worth, and two years avg over $500,000 a year on a personal plat card - buying mainly travel/luxury... would give someone a decent chance of an invite.
@@GetToThePoint-Creditcards I want the card. Been poking around. Will wait a little more on the US for the invite - if not will go through Switzerland or my home country. Any of the three will do. But. USA is technically the best one to get.
Do you use your "American Express Centurion card" for Real Estate Investment payment ? (example : purchase of apartment/land)? (in Japan, we are usually not allowed to use credit card for real estate purchase)
I am interested on how you decide what card to use for specific purchases. It seems a lot of my purchases I put on a basic freedom unlimited because 1.5x points then transfer to my sapphire for point redemption. I don’t spend much at all on my platinum except Marriott and Hilton purchases. If I had a Marriott and Hilton card I’m not sure what spend I’d put in the Platinum.
I do not use basic freedom card, because i don’t think it has enough protection. I use capital one card where i earn 2 % on everything, but for airlines, i try to use their credit card, for hotel, i use hotel’s credit card and for buying plane tickets that are expensive, i use platinum to earn 5 %.
Great breakdown I’m curious to know we’re you paying this back in full on the due date/statement cycle . Or did you utilize the interest over time feature .
main difference is how many points you get back when you use points to book flights with amex travel. with personal i get 20% and with business card you get 50% back
@@GetToThePoint-Creditcards Thank you for taking the time to reply. Wow thats quite a difference. Also, which one would be easier to be invited to? Do you think there’s a different spending criteria for each? Because I assume it’ll be way easier to rack up your spending if you’re using it for your business expense rather than personal.
Once you get the centurion card do you have to continue to spend these amounts to keep card? I guess what I’m asking is if you only spend 50k on card after you receive will you lose membership?
they treat them differently. Whatever you do on the business card, they will consider you for business version of this card. I understand you need to spend so much more money on business cards to get centurion business card. Like literary couple of millions every year.
I asked that specific question and they said i don't have tp keep up the spend. I have other friends who have this card and they have confirmed that you don't need to keep the spend this high.
because i spend more than 40k every year on it, i get free night after spending 15k and i earn diamond for the next year… yes it is better than spendind 450 for me. do the math.
@@GetToThePoint-Creditcards I am just wondering how I can raise my expenses with my AMEX Platinum card to qualify for the Black Card. I also like the luxury life style so I shop premium brands, book 5* star hotels when I am on vacation, drink high quality wine and so on. But still I would not get even close to 500k a year expenses so I wonder if you also do some kind of investing with the credit card, e.g. buy a rolex for 100k or something like that I appreciate your insights very much!
@@maxh.8608 Ok. I travel a lot, 4 to 6 vacations a year, and all that went on the cards, i buy luxury items, i have paid for cars down payments with the cards. I think it will be very helpful to spend that 100k on rolex, i am not really a watch guy, but i have had other purchases like that for sure.
@@GetToThePoint-Creditcards thanks a lot for Sharing! How would you put the ratio of your spendings e.g. 60% spending in terms of expenses (like vacation, money that you don’t get back) 40% spending in terms of investments (like a car that still has value or luxury items that still have value)
You will probably make at least one million dollar in your life, but you should think about it from making it in 10 years or 5 years or even in one year :)
@@erpapun4227 Charge card you have to pay back in full every month, but now days amex is introducing pay over time and letting you pay over time for charge card charges as well.
@@GetToThePoint-Creditcards Appreciate you trying to fix it. Not sure if it's something with the mic or position but it really threw me off of what is a good video. Not used to hearing that on RUclips really. Hope you get it fixed and looking forward to more great content! God speed brother!
In US, Just open any Morgan Stanley private wealth management account and you will get this card as a bonus. I will not divulge the minimum amount to open the account but it’s low seven figures.
@@GetToThePoint-Creditcards actually? I guess with a check made by the bank or lease, right? I've bought cars with a credit card but never a Rolls, at least not yet!
![[Full Guide] How to Climb the American Express Ladder in 2024](http://i.ytimg.com/vi/g5PdY-Kcduw/mqdefault.jpg)
Thanks for including specific amounts and prior history. You're one of the few channels that I have immediate alerts set up for because of your no-nonsense approach.
i really appreciate the kind words.
Appreciate your channel. It's good to see the perspective of a Black Card member.
thank you.
Very interesting to hear all about your spending habits to reach that centurion eligibility. Never seen anyone else be as transparent as you. Thank you for sharing 🙏🏽 but this video just reminded me of how poor I am 😢
Thank you, i appreciate your kind words.
immediately got a new subscriber. i really appreciate the openness. straight to the point and spoken the way it should be. no sugar coating anything
thank you very much. I really appreciate it.
This card is definitely a major milestone… never say never, endless possibilities in this world
yes that is for sure.
I can spend 300,000 consistently every year, but my assets aren't over 10m. They barely reach 1m, and I hear assets plays a big part if you want to be approved and with my low spend i'm not sure i can reach it. Hopefully I can spend more and get my assets up, but this is the first video i've seen that really goes in depth on what cards/how much spend. Love the channel.
wow
yes i agree, this channel is very good and very detailed.
I don't think you need to have 10M in assets to get the card. However, if you had that much in investible assets held in certain firms, that would be one way to get the card and bypass the spend requirements.
Bro how you spending over 30% of your net worth every year? Get some btc and your network with do number within the next 5 years
Your NW is only $1MM but you manage to ball out and spend $300K per year? Sounds a bit fishy tbh
This makes a lot of sense. Thank you for sharing! $250,000 just doesn’t seem as likely as $500,000 consistently
yes. at least that is my experience.
The Centurion benefits are awesome, I have received a invited for a red carpet event for the new James Bond movie, A invite for driving experience in a Porsche on F1 circuit and the gala premiere of Disney Aladin. So the benefits are huge. 😉
waiting for those benefits to hit usa as well.
It felt weird reading these as a student trying to live by myself..(
Are those in the invite only experiences or is that different? I’m a platinum user so It may be different
Thanks for the honesty and exposing yourself to all of us. You inspire me and many to conquer your obstacles and focus on your objectives. Many Blessings to you✌️
Thank you for making this video. I read it also depends on your location. A person in NYC would need to spend substantially more than a person in Nashville or Boise to be eligible for Amex Centurion card.
so much details and you are so honest and up front about it. I think it is the way it should be. I love it man. thanks
I appreciate that!
Wowww, I have a long way to go then 😂 thank you for sharing 🙏🏼
you never know!
Fascinating, thanks for sharing the data points. Question out of curiosity: Did you set out with the goal to put the majority of spend on Platinum, despite it likely not being the best multiplier in order to score the invite? If so, since getting the black card have you reallocated spend to cards with better multipliers when appropriate? Wondering if that would affect the Amex relationship
Yes, it was intentional. I am not spending the same amount on amex anymore and my relationship will not be effected, specifically related to centurion membership.
Great video! Appreciate the transparency and learning your perspective
thank you please subscribe to the channel
This is really cool! A channel that actually cuts out the BS and gets to the point. Just subscribed😎
Oh my word... and I thought that Centurion over exaggerated with their invitation requirements. I had no idea well off/comfortable people really spent so much money like this. I figured the reason most wealthy people (not celebrities 🙄) are wealthy is because they saved money and didn't spend it. Thank you for your transparency, it's a bit of an eye opener into a world that I know nothing about.
they didn't exaggerated the requirements.
It’s always been a dream of mine to have this card but after hearing this, I’m not sure I want to feel obligated to spend to much just get the invite lol
love the way you’re so transparent and get straight to the point. I have subscribed!
thank you. i appreciate it.
Such an inspiration. Awesome breakdown and I like that you are really open about it.
thank you for the compliments
Thank you for this video. I love your channel.
thanks
Wow there is no way i will ever be able to spend that much, i don't have have that much ...
thanks
Love the honest and to the point video, it feels like a private conversation. I think it also depends on the type spend, for example you did a lot of travel .Amex built their company reputation on travel.
thank you for this very detail video and so much information. You deserve a lot more subscribers than what you have
Glad it was helpful!
love your videos. you are really not leaving anything in dark. love this
Glad you like them!
so much details so much honesty.
thanks
thanks for keeping it real ive debated getting a green to get my spending up but I like being in many point buckets.. i feel the same 400k+ at a minimum also nice to see you double your subs since I subscribed
thank you. i appreciate your kind words.
Great video thanks
thanks
Fancy meeting you here lol
love this video
thanks
Yes agree
thanks for all the info and being so detailed.
Glad it was helpful!
BRAVO!!!!! BRAVO!!!! this to me is not GOLD but Platinum all day long!!! thank you for this. Very DETAILED to the tee!!! BRAVO!!!!!👏👏👏👏👏👏👏
Great details sharing! Thank you! 😊
thank you
i will never be able to get there, but it is nice to see you there :)
You can do it!
never say never, maybe one day
What line of business are u in?
I will be making another video to talk about it
I can't wait for this video!
Hey I would love to see this too!
Great video man. keep it up
Thanks, will do!
It's not worth getting though, the cost of entry is too high. You're better off using the platinum if you already have it.
for you maybe. not for everyone.
Thanks I never realized millionaires had time to make you tube videos about credit cards interesting
Actually real millionaires have a lots of time. Coz there are a lots of poor people working for them. So if you aggregate all those hours the output will be way more than what a single person can work. That's the secret 😉
This is the video I was looking for. I have subscribed.
Thanks for the sub!
feel free to ask me any questions if you have related to this or anything else.
By opening a bank account/asset management with some of the Swiss banks/managers, you get centurion. Minimum 500k invested, no other requirements.
DAMN...Not even close. I'm never getting a Black Card...Fantastic information sir...
Thank you sir, i appreciate it.
How many Membership Rewards points did you earn
Thanks for the detailed review, great video.
Supporting your channel as a fellow youtuber!
thank you. really appreciate it
thanks for this video, now i have far better idea how hard it is to get this card
just subscribed. love it so far
Welcome aboard!
I got an Invitation in the Mail! It did say Invitation, black envelope that said Metal Luxury Card and the annual fee was $695 with 100k points if you spend 6k in the first 6 months. Not sure if this black metal card was different than any other black card Amex Offers. I'm not a high spender so Amex cards won't work for my needs as I am into maximizing my cash back on every penny I spend. My max yearly spending is only about 125k a year so not really sure if they just sent it out which I have another 3 offers for some other Amex cards 1 of them being a gold plated card which I also looked into. So an Amex Agent has to call you then?!
That is a different card. That is not Amex black card.
@@GetToThePoint-Creditcards I See, Thank you for Clarifying this.
Thanks for sharing, helps keep things in perspective...
Glad it was helpful!
wow, there is nothing left. You literary covered everything.
thanks
Could easily be $250k/yr for a minimum of 3 years. As soon as they realized you were going to hit $250k in year 3 you got the offer. The only way to prove your theory correct would have been if you had 3+ years of $250k-500k with no offer followed by 2-3 years at $500k+ getting the offer, but unfortunately that's not how it happened so can't really conclude much based on your experience.
Clear, quick and to the point! Thank you.
Love this video.
So glad!
I have the same Question - What do you do for a living ? ;)
what do you do for a living?
I will make another video where i will talk about everything i do for living. It is not a simple answer, i do multiple things.
What kind of stuff you buying for that much
What is the credit limit, if there is a limit?
Love the informative no nonsense vids and duration.
I’m just wondering what do you buy for 600k a year? Do you go Walmart or target and buy just few rows of stuff or what ? Thanks
no i did not shop at walmart or target, i did buy a car, traveled alot, some luxury items and other things related to daily expenses
@@GetToThePoint-Creditcards last question 🙋♂️, if you buy a car let’s say 50k how soon you need to pay off and is there APR involved with this kind of cards?
Thank you
@@mk007. Amex is due in full at the end of every month.
thanks for your channel and your videos. i learn so much
This is the USA personal Centurion - right? Did you answer "YES" to a net worth over $20,000,000.00 USD? There are easier ways to get the Centurion than via spending - and getting the USA card is by far the hardest. I'm pretty confident that a 800+ Credit Score, an 8 figure net worth, and two years avg over $500,000 a year on a personal plat card - buying mainly travel/luxury... would give someone a decent chance of an invite.
You really know your information
how do you know this?
@@GetToThePoint-Creditcards I want the card. Been poking around. Will wait a little more on the US for the invite - if not will go through Switzerland or my home country. Any of the three will do. But. USA is technically the best one to get.
Usa is indeed the hardest
@@GetToThePoint-Creditcards just got it today... :)
thanks for this clear and to the point video.
thanks
Do you use your "American Express Centurion card" for Real Estate Investment payment ? (example : purchase of apartment/land)?
(in Japan, we are usually not allowed to use credit card for real estate purchase)
No, i never used it to buy real estate or any type of payments linked with real estate. I am not in real estate.
@@GetToThePoint-Creditcards what is your business?
I am interested on how you decide what card to use for specific purchases. It seems a lot of my purchases I put on a basic freedom unlimited because 1.5x points then transfer to my sapphire for point redemption. I don’t spend much at all on my platinum except Marriott and Hilton purchases. If I had a Marriott and Hilton card I’m not sure what spend I’d put in the Platinum.
I do not use basic freedom card, because i don’t think it has enough protection. I use capital one card where i earn 2 % on everything, but for airlines, i try to use their credit card, for hotel, i use hotel’s credit card and for buying plane tickets that are expensive, i use platinum to earn 5 %.
What you do for a living?
Great video. I’m just curious, what’s your occupation? And do you spend most of the money on vacations?
Many things, luxury items, a lot of travel, some times local spending around my work, home.
Great breakdown I’m curious to know we’re you paying this back in full on the due date/statement cycle . Or did you utilize the interest over time feature .
I always paid back the full amound before the closing date of the month. Platinum is charge card so i had to pay full amount anyways.
Any difference between the personal and business black card? Very informative video. Awesome job!
main difference is how many points you get back when you use points to book flights with amex travel. with personal i get 20% and with business card you get 50% back
@@GetToThePoint-Creditcards Thank you for taking the time to reply. Wow thats quite a difference. Also, which one would be easier to be invited to? Do you think there’s a different spending criteria for each? Because I assume it’ll be way easier to rack up your spending if you’re using it for your business expense rather than personal.
this is an amazing video.
thank you
Great video again👍
thanks
Great video. thank you
Glad you liked it!
Appreciate your channel !!!
thanks please subscribe
Thanks for the great video
Glad you enjoyed it
Once you get the centurion card do you have to continue to spend these amounts to keep card? I guess what I’m asking is if you only spend 50k on card after you receive will you lose membership?
No, i will not lose the membership. I will keep the card even without spending any money on it.
Be unbelievable to have the black card , but these days no one sees them as most people pay on there iPhone ,
Love your videos ❤
thank you. i really appreciate it
What month of the year did you get the invite ?
Are American Express business credit cards a factor in deciding for centurion card?
they treat them differently. Whatever you do on the business card, they will consider you for business version of this card. I understand you need to spend so much more money on business cards to get centurion business card. Like literary couple of millions every year.
@@GetToThePoint-Creditcards That is very interesting to know. Thank you for the response.
Do you have to maintain an annual spend to renew the card?
I asked that specific question and they said i don't have tp keep up the spend. I have other friends who have this card and they have confirmed that you don't need to keep the spend this high.
I got invite twice but I never spent 250000
where do you live? please share more, because that is not how it works in NY. please share screenshots of the invite.
why do you use the Surpass and not the Aspire? lol
because i spend more than 40k every year on it, i get free night after spending 15k and i earn diamond for the next year… yes it is better than spendind 450 for me. do the math.
How did you do the repayment process? In full? Over time? Does it matter?
I always paid in full, i never paid 1 dollar interest rate on any of my credit cards. Specially on platinum which is a charge card.
and i think to amex, it doesn't matter. i think they prefer if we do over time, so they can make money off the interest rate.
But Wouldnt it be better if you invested that money
No.
Well in 30 sec I finally realized I'll never have the black card! 🤣 congrats 👏🏾
sorry bro
Very insightful
Thanks for sharing your DP. Did your spend consist of any business charges?
most of it was personal.
thanks for sharing
Are you Indian Origin person?
What is your credit limit for amex plat?
Love your video
340k
obviously i should check how much i can buy with amex centurion card now, that will be interesting
So my question is
What do you do for living?!
I will make a video about it.
He’s not gonna tell us lol. He probably teach those fake classes about getting rich 🤑
No video yet about it 😂
What are you spending so much money on every year?
I don't mind sharing that information, but i am not trying to show off.
@@GetToThePoint-Creditcards I am just wondering how I can raise my expenses with my AMEX Platinum card to qualify for the Black Card. I also like the luxury life style so I shop premium brands, book 5* star hotels when I am on vacation, drink high quality wine and so on. But still I would not get even close to 500k a year expenses so I wonder if you also do some kind of investing with the credit card, e.g. buy a rolex for 100k or something like that
I appreciate your insights very much!
@@maxh.8608 Ok. I travel a lot, 4 to 6 vacations a year, and all that went on the cards, i buy luxury items, i have paid for cars down payments with the cards. I think it will be very helpful to spend that 100k on rolex, i am not really a watch guy, but i have had other purchases like that for sure.
@@GetToThePoint-Creditcards thanks a lot for Sharing! How would you put the ratio of your spendings e.g. 60% spending in terms of expenses (like vacation, money that you don’t get back) 40% spending in terms of investments (like a car that still has value or luxury items that still have value)
250k spend maybe only if your a celebrity?
i think 250k is just an estimate and very outdated.
They will just force you to buy more just to qualify. No good.
Can you teach me how to make at least 1Mil once in my life
You will probably make at least one million dollar in your life, but you should think about it from making it in 10 years or 5 years or even in one year :)
is it a credit card or not?
Yes, it is a credit card, but charge card. You have to pay the full amount every month.
@@GetToThePoint-Creditcards what is the difference between charge card and credit card?
@@erpapun4227 Charge card you have to pay back in full every month, but now days amex is introducing pay over time and letting you pay over time for charge card charges as well.
Can you please do something with your audio. There's so much spit swallowing sounds.
I am sorry. i did try to fix it after this video.
@@GetToThePoint-Creditcards Appreciate you trying to fix it. Not sure if it's something with the mic or position but it really threw me off of what is a good video. Not used to hearing that on RUclips really. Hope you get it fixed and looking forward to more great content! God speed brother!
Whats your Job ? Do you use IG?
Thanks, I cant afford to even watch the video.
Haha you are funny
In US, Just open any Morgan Stanley private wealth management account and you will get this card as a bonus. I will not divulge the minimum amount to open the account but it’s low seven figures.
This dude is a baller
I’d rather buy a Ferrari than getting those credit cards.
buy, sell, and buy back a rolls royce phantom 8 and you'll get 1,200,000$ in expenses 😂
they wont let you buy it on a credit card, but could work haha
@@GetToThePoint-Creditcards actually? I guess with a check made by the bank or lease, right? I've bought cars with a credit card but never a Rolls, at least not yet!
@@BIGGELATO it goes into negotiating the price of the car. They will charge you 4 % more and then accept your credit card payment.
Can I get atleast 1k lol you spend a lot do tell,
Lol will you do something for me to earn it?
@@GetToThePoint-Creditcards yup, :)
They just want your money they are a business!
Yes, i know.
great video. thanks
Glad you liked it!