With wealth and money comes a lot of highly exclusive clubs whose doors open wide for the rich to enter through. Just one of those doors is the highly exclusive world of credit cards. For average citizens, credit cards are a means of either getting by when money is tight or a method of making extra purchases from time to time. But for the ultra-wealthy, credit cards come with power and some very nice perks. From average perks like hotel upgrades and private airport lounges to highly coveted private jet rides and vacation getaways, exclusive credit cards offer the best that money has to offer. But getting access to these perks isn't easy. It takes a lot of money and a whole lot of status. Many exclusive credit cards come only by invitation. Some exclusive credit cards cater only to the top 1% of the population and require at least six-figures to be charged to the credit card each year. Some cards only allow the elite members of private banks to even apply for the credit card. While others are so exclusive that the details of their qualifications remain shrouded with mystery. Below are the Top 10 Most Exclusive Credit Cards in the World.
10 Black Brazilian MasterCard from the Santander Group
9 Merrill Accolades American Express
To even come close to this card, consumers need to be a clients of the Merrill Lynch Wealth Management division. Even then, an invitation must be extended to the client. The black card, which carries the golden Merrill Lynch bull logo, carries a low annual fee of just $295. However, that fee will be waved if the client keep a minimum of $250,000 in their Merrill Brokerage Account. There is a $500,000 spending limit on the card. The Merrill Accolades American Express also provides the cardholder with hotel discounts, complimentary amenities at select resorts, discounts toward Sentient Jet private jet membership, and of course a 24/7 concierge service.
8 NatWest Black MasterCard
With a spending limit of $1.5 million, the NatWest Black MasterCard is one of the most exclusive credit cards in the world. It’s preferred by many because while it boasts a high spending limit, its annual fee is slightly less than its competitors. With a mere $395 per year, the NatWest Black MasterCard will open doors nearly everywhere the cardholder goes. Travel accommodations, flight upgrades, and 24/7 concierge services are included in the credit card’s many perks.
7 Citigroup Black Chairman Card
Wealth is not the only factor that determines a consumer’s ability to get their hands on this credit card. To get the Citigroup Black Chairman Card a consumer must be a member of Citi’s private bank and investment units. Only 5% of the population will have the chance to own this card. Those that do will have a $300,000 credit limit with a $500 annual fee. In addition the cardholder will get private access to airport lounges, upgraded travel accommodations, and 24/7 concierge services.
6 Visa Infinite
5 Coutts World Silk Card
Want to live like royalty? Then the Coutts World Silk Card is for you. England’s exclusive credit card is used by Queen Elizabeth II as well as about 100 other people who have at least $1 million in a Coutts account. The royal purple credit card carries an extremely high annual percentage rate of 49.1%. As with other credit cards, the Coutts World Silk Card comes with 24/7 concierge service, access to exclusive airport lounges, and private shopping at designer stores.
4 Stratus Rewards Visa
3 Dubai First Royal MasterCard
2 JP Morgan Chase Palladium
Nearly ten years after the first American Express Centurion Card was made, the JP Morgan Chase Palladium entered the scene. Made of laser-etched palladium and gold, this card is reserved for those who have a relationship with JP Morgan private bank, wealth management or investment bank. Unlike the American Express card, the JP Morgan Chase Palladium Card has an annual fee of only $595. There is no set spending limit either. What the JP Morgan Chase Palladium Card does offer is a very high rewards program. Every one dollar that a cardholder spends on travel equals two points in the rewards program. Cardholders also receive a bonus of 35,000 additional points after they spend $100,000.