10 Exclusive Credit Cards For the Wealthy

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Despite the fact that the economy crashed and most Americans now have massive credit card debt, the country’s richest residents are making more than ever and banks recognize this. Banks now offer the wealthy some of the most exclusive, most high-end, most beneficial credit cards on the market. The rest of us will never see the likes of cards so exclusive that you have to have more zeroes at the end of your income than most people have ever seen. These 10 highly exclusive credit cards are more popular and applied for than ever.

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Citibank Ultima Card

This card is not just for anyone. In fact, it’s limited to the wealthiest people in the wealthiest cities such in places like Asia, the Middle East, Russia and Germany. This card comes with a $1,200 annual fee, an APR that varies based on location and airport lounge access all over the world. If you need a private jet or a private yacht, you’ll have one within 10 hours of contacting your VIP concierge; it’s just one of the many perks that come along with being an Ultima cardholder. This card is available by invitation only, and only to the top 1 percent of Citi’s customers.

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American Express Centurion Card

It’s the black Amex. It’s the most exclusive card in the world. It’s only available to those who spend the most through American Express. If you see someone holding this card in their hand, you know they can afford whatever it is they want to own. It costs $5,000 just to open this card and another $2,500 per year in annual fees. You have concierge service, VIP access to almost anything in the world and shopping availabilities at high-end retailers not available to anyone else. Just to even be considered for this card, you must have an existing Amex card on which you spend and pay off at least $250,000 per year.

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Master Card World Elite Card

Master card wanted to make their place known in the land of rich users, so they recently created the World Elite Card. This card is designed for people with an annual income of at least $250,000, though the company prefers customers who make much more than that. This card offers exclusive membership to wine travel companies, cruises and luxury hotels. It comes with VIP concierge service worldwide. It’s marketed now at a specific group, but the company is looking to work away from low-end customers – their definition of those with a net worth of less than $1 million – and work up toward real elite status.

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Merrill Lynch Accolades Card

The annual fee on this card is not published for the public because it’s often waived for customers with exceptionally high net worth. This card has 24/7 VIP concierge features, private jet rental features, insurance, complimentary lounge access at all airport lounges, free companion tickets for travelers and even travel insurance features. The card is only for those who make an unspecified – but very high – income and spend a great deal of money on their credit cards each year; and you must have a substantial account with Merrill Lynch in order to even be considered for this exclusive credit card.

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Barclay’s Black Visa Card

Having this card is like having your own butler on call 24/7. With a small fee of only $495 per year, this card is equipped with a quarter million dollars worth of travel insurance, 0 percent financing for six months, and warranty services that double the warranty of any manufacturer. Additionally, this card provides spenders with limo services, car rental services, 24/7 concierge service, and the card even reimburses you if your luggage is stolen or delayed and you have to purchase items to use in the meantime. You only need an excellent credit score and you must be able to prove you spend at least $50,000 per year.

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Bank of America Accolades Card

The annual fee is only $295, which is nothing for the country’s richest. The wealthy who carry this card receive 24/7 concierge service, free tickets for any travel companions, VIP access to events around the world, and access to luxury lounges at 500 airports around the world. Additionally, this card is equipped with the ability to use your reward points as donations to your favorite charities and organizations. To receive this card, you must be an established Bank of America customer with a minimum of $100,000 in cash and investments in the account at your disposal.

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American Express Platinum

This is the “baby” card to the American Express black card. In fact, most of the people who have a platinum card qualify to have a black card but choose not to because the only added benefits are the travel rewards and they simply don’t want to pay the exorbitant annual fee. The platinum’s annual fee is a much more wallet-friendly $450. It has all the same features and upgrades available on the black card without the added travel reward points. It features private jet charter, concierge services and an unlimited monthly credit limit for card holders use.

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Coutts World Card

If you spend at least $100,000 on this card each year, the $500 annual fee is waived on your behalf. This card offers carriers the ability to have 24/7 concierge service, unlimited access to luxury airport lounges at more than 600 major airports worldwide, travel insurance matched by no one else, and no interest. There is no minimum to what you have to spend each year to have this card, but you must have a perfect credit rating. You must also have an account with Coutts that’s worth at least $1 million. Otherwise, you will not be privy to this card.

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US Bank Stratus Rewards Card

This particular credit card has one of the highest annual fees around; it’s $1,500 per year. You have 24/7 concierge service, access to up to 20 percent of your funds at ATMs all over the world, event access with VIP status, and you can earn points to use toward the use of a private jet. The card also has more than $5,000 in lost luggage insurance, $1,000,000 travel insurance and medical coverage in the event of an emergency. You cannot apply for this card and there is no stipulation to receive it. You must be handpicked by the executives at US Bank to become a cardholder.

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JP Morgan Palladium Card

This card isn’t just for the rich and famous and elite; it’s for those who want to carry a nice card. It costs $1000 to make this card as it’s made of palladium, which costs more than $700 per ounce. It also has 23k gold. The cost to own this card is $695 per year and the perks are big. You’ll get automatic hotel upgrades, private jet access and concierge services. The card is one of the most secure in the world, and it’s giving customers member only access to the most exclusive events in the world. You have to have $25 million in investments with JP Morgan to qualify.

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Written by Tiffany Raiford

Tiffany Raiford is a lifelong Floridian, wife to my high school sweetheart and mother of four littles (two girls and boy/girl twins...no, they are not identical and yes, I'm sure). My kids love to whine, so I love to wine. My loves include nap time, bed time, date night, travel and evenings and weekends when my husband is home because he handles all diaper changes.