6 Prestigious Credit Cards Used by Millionaires

credit card advice

Mike Randall
By: Mike Randall
Posted: April 19, 2017
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

Just in case you weren’t entirely convinced about the growing wealth gap in America – and the rest of the world for that matter – credit cards that cater to the ultra-rich are popping up everywhere.

These exclusive cards offer perks like access to private jets and personal shoppers allow high net worth individuals to reward themselves for all their hard work.

With some of these prestigious cards being made out of actual gold or other precious metals and encrusted with diamonds, they may just be the ultimate status symbol.

But if you’re thinking of rushing out and grabbing one of these top-tier credit cards, think again. Most are available only by invitation and only to those whose vacation budgets exceed the annual income of the average American.

So just what credit cards are millionaires using? Here are six of the most exclusive and elite cards used by the wealthy.

1. The Platinum Card® from American Express

Have some cash to burn and want to be treated like royalty? Check out The Platinum Card, an exclusive charge card offered by AmEx. There is no credit limit to the card, as your balance must be paid in full each month, which makes it ideal for those looking to live large.

And with a ton of travel perks and member benefits, you can see why this card is so popular with the upper crust:

The Platinum Card® from American Express Review

at the issuer'ssecure website




  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • New! Up to $200 Uber Savings Annually.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
  • As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More. Terms Apply.
  • $200 Airline Fee Credit, up to $200 a year in baggage fees and more at one airline. Terms Apply.
  • Terms Apply.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed

Alas, American Express is not the only issuer loved by millionaires. Read on to see other exclusive cards used by the rich and famous.

2. JP Morgan Chase Palladium Visa

JP Morgan Palladium Card

This exclusive credit card is one of the more impressive ones you’ll see. It’s made of actual palladium and gold, etched with the cardholder’s information and account number.

It is available only to those high net worth individuals who have an investment banking relationship with JP Morgan’s wealth management brokerage.

With a fee of only $595 a year, cardholders are lucky enough to not be charged for foreign exchanges, late payments, cash advances or overdrafts. There isn’t a spending limit, either.

3. Citigroup Chairman Card

Citigroup Black Chairman CardSimilar to the Chase Palladium card, the Citi Chairman Card is open only to holders of a Citigroup brokerage account. It comes with a $300,000 credit limit and a relatively low annual fee of $500.

This card also has perks such as 24-hour concierge service, travel upgrades, access to private airport lounges and more.

If you weren’t approved for a Chairman Card, consider opening one of our awesome travel cards to get excellent perks of your own.

4. American Express Centurion Card

American Express Centurion "Black" Card

This is the official name of the legendary American Express “Black” Card – arguably the prestige card that started it all. In order to qualify, a holder of the also prestigious American Express Platinum Card would need to have charged $250,000 or more in the previous year.

If they’ve met that impressive goal, invitees will have the privilege of paying a one-time fee of $7,500 and an annual membership fee of $2,500. Of course, they’ll also have the honor of holding one of the most exclusive credit cards in the world.

Naturally, the benefits that come with the card are impressive: a dedicated concierge and travel agent, complementary travel tickets for companions, free nights at select hotels, access to numerous airport clubs and plenty more.

5. Coutts World Silk Card

Coutts World Silk Card

While Americans may not be familiar with Coutts Bank, it’s known in the U.K. as the bank to the Royal Family. The Coutts World Silk Card is therefore suitably exclusive and rare. To be invited to carry this card, an individual must have at least $1 million in a Coutts account.

It goes without saying the perks are equally outrageous: concierge services, extensive worldwide travel insurance, access to more than 700 exclusive airport lounges and numerous VIP offers with travel and retail companies.

If you’re not royalty yourself, you can still find credit cards with awesome points and rewards.

6. Bank of Dubai First Royale MasterCard

Dubai First Royale Mastercard

Undoubtedly the most ostentatious of all prestige cards, the Dubai First Royale Card is trimmed in gold, with a diamond set in its center.

As you might expect, this card comes with no preset spending limit and is obviously intended for people who don’t need to worry about interest rates or annual fees.

As for the card’s perks, the bank simply states that its round-the-clock team attempts to meet the cardholder’s requests, no matter what they are. Nice.

Since most of us will never need to worry about carrying one of these ultra-prestigious cards ourselves, we can only imagine the luxurious uses they get put to.

In the meantime, we’ll continue to rack up our own points on our less exclusive cards, all the while dreaming of enough points for a free airline ticket – coach, of course.

Thinking about opening a credit card of your own now? Check out our hand-picked favorites.

Photo credits: mindless-marketing.com, luxury-design.com, creditcardexpert.net, pengeportalen.com, clubdelux.pt, dubayblog.com