A black credit card is a premium credit card that offers more status and benefits than standard, gold or platinum credit cards. The cards annual fee is $1,500. That means the issuer needs to keep the supply of that card low. Youre royalty or a high-net-worth individual in the UAE. Copyright 2018 - 2023 The Ascent. The Stratus Rewards Visa White Card is only available by nomination from an existing cardholder or through a recommendation from one of the premium partners of Stratus Rewards, such as. VIP access to luxury vacations and the worlds finest golf courses. Perhaps the most unique feature of the Stratus Rewards Visa Card is that it allows the cardholder to combine their reward points with associates, friends, or other . And with 24/7 access to what the bank bills as Royale Lifestyle Management complete with a dedicated lifestyle manager you can connect to virtually anything you desire. If you receive an invitation, you should consider yourself very lucky, as the company doesn't issue many of them. While this card has some nice perks, youre likely to get more out of one of the best cash back credit cards. But, to get your hands on the most exclusive credit cards, youll need to be a big spender or a big investor to get an invitation and youll need to be ready to fork over a big annual fee. It has few of the standard benefits present in most credit cards, which may not matter to those wealthy enough to receive it. He has served multiple positions within LendEDUs editorial team since 2016, approaching LendEDUs content with the same goal: to provide consumers of all classes with the answers they need to create a better financial outlook for themselves and their families. You can't fill out applications for these cards online, and sometimes even millions of dollars in assets won't be enough to qualify. Cardholders are presumably ultra wealthy folks who do not hang around frequent flier forums and talk about this card. That means the issuer needs to keep the supply of that card low. While Hotels.com calls this a reward night, consider it more like a $110 discount on your next hotel stay for every $5,000 you spend on the card. These are just some of the rumored perks. 07030 Support:[emailprotected]. Here are five invitation-only credit cards and how to get invited information some consider to be secrets of the rich. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. STATEMENT CREDIT. It is offered only to J.P. Morgans Global Wealth Management clients who have non-real estate assets over $10 million. Australian native Berman becomes senior VP of its Stratus Rewards Visa White Card division. This site is compensated by third-party advertisers and is not endorsed or affiliated with the U.S. Department of Education. This card, which replaced the J.P. Morgan Palladium Card, is targeted towards extremely high net worth clients. We may receive compensation when you click on links to those products. Use your $200 airline fee credit after you enroll, Use your $240 digital entertainment credits, Use your up to $200 in annual Uber Cash credits, Use your $100 Global Entry or TSA PreCheck fee credit once every four years, Relax at an eligible airport lounge at least once, worth $50, Use your $200 annual airline credit toward flight-related purchases, Use your one-time $100 Global Entry fee credit, Regularly take advantage of your airport lounge access. The credit limits on these cards starts at around $5,000 and goes up to around $7,000-10,000. Luxury hotels, free room upgrades and a personal concierge to do . Previously known as the Chase Palladium, the J.P. Morgan Reserve card is an invite-only product. Its rumored that only those who spend (and pay off) at least $250,000 per year across all of their American Express accounts receive an invite to become Centurion Cardholders. Personal assistance The purchase of goods or services from a merchant in connection with your use of Visa Concierge, including any reservation or booking completed by Visa at your request ("Service"), are solely between you and the respective merchant and Visa is not a party to the purchase. Some of the benefits of this most exclusive credit card include LoungeKey airport lounge access, private shopping sessions, and 24/7 concierge service. US Bancorp in Minneapolis issues the card, which offers all sorts of other perks, such as personal shoppers, Abercrombie & Kent safaris and gift bags that rival those given out at the Oscars. ","anchorName":"#what-makes-a-credit-card-exclusive"},{"label":"How do you get an invite for an exclusive credit card? Here are some of the most exclusive credit cards as well as their more attainable (and likely much more useful) counterparts. } Your remaining options include a few stays at the Centurion Lounge (valued at $50 per stay), using your $100 credit at Saks Fifth Avenue, or using your $240 digital entertainment credit. This information may be different than what you see on the websites of the companies we mention. Caesars Rewards Visa Credit Card Earn 10,000 Reward Credits and 2,500 Tier Credits Use your Caesars Rewards Visa Card outside of a Caesars Rewards destination within the first 90 days of approval to earn 10,000 Reward Credits and 2,500 Tier Credits after spending a total of $1,000. Instead, you are invited to apply once your net worth hits a certain, undisclosed amount. However, you can compare the Chase Sapphire Reserve vs American Express Platinum if you cant decide which is best. They also get a lifestyle manager who acts as an exclusive concierge to obtain almost anything the cardholder desires. The information for the Centurion Card from American Express has been collected independently by Johnny Jet. New York, NY, 10016. Go to the DIRECTV Reward Center. Dubai First claims itsRoyale Card is the most exclusive credit card in the world. What credit score is needed for the Amex Gold? Helpful: 13 Credit Cards That Every 30-Something Should Consider. The card offers high, flexible spending limits, 24/7 concierge service, LoungeKey membership, travel insurance, Mastercard Airport Concierge and special experiences at fine hotels and restaurants. The Citi Chairman American Express Card is only available to people who have a significant amount of money invested in a Citigroup brokerage account. As of December 2022, the Santander website states this card has no annual fee. Checking vs. Savings Account: Which Should You Pick? He graduated from the Alfred Lerner College of Business and Economics at the University of Delaware. The Centurion Card from American Express aka the Black Card has a $10,000 initiation fee and a $5,000 annual membership fee. When You Use Your Caesars Rewards Visa Credit Card 10,000 Reward Credits and 2,500 Tier Credits when you spend $1,000 outside of Caesars Destinations within 90 days of account opening 1 Earn 5,000 Tier Credits after spending $5,000 in a calendar year 2 75,000 bonus miles, at least 2x miles on everything. Our information is based on independent research and may differ from what you see from a financial institution or service provider. There really isnt much information about this on the web or anywhere. That's one costly card, but it's not Sberbank footing the bill. The bright white card is available to high-net-worth individuals (HNWIs) only through. Made of black metal and sporting an American Express logo, the Merrill Lynch Octave Black Card is an invitation-only card that caters to the American banks highest net worth clients. If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience. Rewards. If its style points youre after, youve come to the right place. We looked at a cards luxury factors, including high cost, exclusive membership, construction from precious metals, luxury perks and high credit limits. Theres only one way to make a luxury card pay off: use enough of the cards perks to overcome the cards large annual fee. Select Access your rewards. Check Out: 10 Credit Cards To Consider for Travel Rewards. Basically, youll need to spend a lot to get access to this one. Finder makes money from featured partners, but editorial opinions are our own. The card details on this page have not been reviewed or provided by the card issuer. Stratus Rewards Visa Most Exclusive Credit Cards Compared How to Get an Exclusive Credit Card Conclusion Credit cards from credit companies, banks, and other financial institutions are readily available to most people who want them. Reportedly, a lifestyle manager can accommodate all that and more when you have a Royale in your pocket. Stratus Rewards Visa Card This one chose white as its color instead of the more typical gold or black tones and it is available by invitation via a current card member or the Stratus Rewards partner company. Since receiving an invite is in many ways out of your hands, here are some things to keep in mind before applying for more accessible elite cards. To qualify, you must have at least $10 million in a Merrill Lynch account. Enroll your card to enjoy 3 months of free Shipt membership, then 9 months of membership at 50% off, with free delivery on orders of $35+*. If you troll around forums, they are those who love the card, and those who hate it, saying their websites are not updated. Speaking of her appointment, she said: Many customers are familiar with traditional credit card rewards programs, but the Stratus Rewards Visa White Card will offer its members exclusive luxury rewards specifically tailored to their tastes and desires, taking the reward concept to an entirely new and personalized plane.. Credit card options for teens under 18 years old, How to safely use a credit card to pay for online purchases. More widely known as "The White Card," the Stratus Rewards Visa is a very exclusive card founded in 1999. Optional, only if you want us to follow up with you. The only resource that I have to write about them comes from their website. New cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first three months from account opening. Along with the other cards on the list, the travel perks are extreme. August 13, 2010 Reward & Points Tagged With: stratus, diana berman, stratus media group, luxury rewards, Download the PDF Subscribe to receive the printed Winners edition in June Browse previous issues. We may receive compensation when you click on links to those products. Understanding Homeowners Insurance Premiums, Guide to Homeowners Insurance Deductibles, Best Pet Insurance for Pre-existing Conditions, What to Look for in a Pet Insurance Company, Marcus by Goldman Sachs Personal Loans Review, The Best Way to Get a Loan With Zero Credit. Consider applying only with an excellent credit score. Another invite-only card, the Stratus Rewards Visa card can also be obtained if someone nominates you for it. Copyright 2023 Loyalty Magazine All rights reserved. Posted in Alternate Cards, Stratus . Known as the White Card, the Stratus Rewards Visa is often seen as the definitive card for jet-setters. Cardholders get a dedicated relationship manager with Dubai First. His work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. The Stratus Rewards Visa White Card is only available by nomination from an existing cardholder or through a recommendation from one of the premium partners of Stratus Rewards, such as Elite Traveler or Vivre. } The Chase Sapphire Reserve and The Platinum Card from American Express are both viable options as well. To do this, youre going to want to look at the entirety of your cards features. His work has been featured in major news publications, including Bloomberg, CNBC, Forbes, and MarketWatch. However, it's rumored that you must be referred by a Stratus Rewards Visa cardmember or one of the Stratus Rewards partner companies. Available via personal invite, the Stratus Rewards Card was designed for the most frequent of flyers. Theyre typically offered by invite-only, and youll find theyre designed for the highest earners and spenders with distinctive perks ranging from generous rewards programs and insurance policies to dedicated concierge services, travel credits and more. Stratus Rewards Visa Known as the White Card, the Stratus Rewards Visa is often seen as the definitive card for jet-setters. Most credit cards aren't that difficult to get. In addition to an annual $300 travel credit and 3 points on travel (after using the full travel credit) and dining purchases, those with a Sapphire Reserve Card get access to over 1,300 airport lounges worldwide when enrolled in the Priority Pass Select program. To get it, you need a referral from an existing cardmember or a Stratus Rewards partner company before youre even considered for an exclusive invitation. Still, if you want the style points that only an exclusive credit card can offer, it may be worth it. Check reward status online. The Loyalty Magazine Awards 2020 watch the video. It's rumored that you need to be ready to deposit at least 1 million pounds to open an account. Stratus Rewards Visa Card 10. Alternatively, try for one of the best metal credit cards the bank has to offer. You must either receive an invitation from an existing member or merchant partner to join. But to make using any luxury card worth it, you have to remember to leverage those features. Fondly called the White Card, the Stratus Rewards Visa is often seen as the definitive card for ultra elite jetsetters. Most premium travel cards are either issued by American Express or Visa. If pure gold isnt enough, how about throwing in mother of pearl and 26 diamonds? It's not that these ultra-exclusive cards are "better" per se, they just provide a different set of perks that are more catered to a specific clientele. Mar 7, 06, 1:34 am # 4 robertw477 3 Dubai First Royal MasterCard. Like any good ultra-exclusive credit card, the Stratus Rewards Visa White Card provides a personal concierge service to assist with whatever clients may need. Berman will manage Stratus Rewards operations from offices in New York City, London and Switzerland. Heres a brief comparison of a few luxury cards and what perks youd have to use to make them worth the spot in your wallet. Earn a $300 statement credit after you spend $1000 on purchases in the first 3 months from account opening. Made of laser-etched palladium and gold, this card is reserved for those who have a relationship with JP Morgan private bank, wealth . Excellent credit alone wont get you a Black Chairman Card you need an invite to get this card into your wallet. The information for the Stratus Rewards Visa has been collected independently by Johnny Jet. Prior to her role at Quintessentially, Berman worked at Sony Corporation of America, where she developed and negotiated campaigns and digital content services for Fortune 500 brands. For the price however, you get a smorgasbord of features, including travel statement credits, airline lounge access, discounts or upgrades at luxury hotels and more. How likely would you be to recommend finder to a friend or colleague? Once you are a cardholder, the benefits are significant, primarily related to travel and lodging. What brokerage does Warren Buffett use? Meet Coutts requirements for net worth (e.g., bring investable assets totaling more than 1 million pounds or prove that you will imminently come into wealth). It doesnt even have a magnetic strip. To get it, you need a referral from an existing cardmember or a Stratus Rewards partner company before you're even considered for an exclusive invitation. td { This card also earns points that can be redeemed toward airfare. 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