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Claim: American Express issues a special black card that allows its holders to buy anything.
Examples:
Origins: Every now and then, a long-lived rumor spawns a real-life counterpart when someone in the business world comes to the startling realization that there is corporate gold to be mined by cashing in on what people are already committed to believing. Thus, thanks to the infamous $250 cookie recipe legend Neiman-Marcus now sells a chocolate chip cookie, and McDonald's (on behalf of its Ronald McDonald Houses) collects
Another potential entry in this category is American Express, a company dogged for years by a rumor that it handed out black AmEx cards entitling holders to purchase anything up to jet fighters and beyond. While people insist a few of those fabled cards were provided to the ultra-privileged (those who had millions of dollars in American Express bank accounts; Imelda Marcos and the like) from 1984 to 1987, and a 1988 Wall Street Journal article appears to support that claim, whatever the truth about those chargeplates of lore, in 1999 the corporation finally bowed to the belief and began openly offering a real card at least somewhat in line with the rumor. (It's possible AmEx issued a special card that wasn't a chargeplate to the super-privileged back in the 1980s. That 1988 Wall Street Journal article described the black card as "high-class ID for check-cashing" even as it made clear nothing could be charged on the card; AmEx cardholders were still required to use their platinum, gold, or green cards to make purchases.) In 1999 American Express announced the introduction of its Centurion™ card. Available only by invitation to selected Platinum card members, this black credit card promises to simplify the lives of the harried rich. In exchange for its hefty annual fee (initially "There had been rumors going around that we had this ultra-exclusive black card for elite customers," says Doug Smith, director of American Express Europe. "It wasn't true, but we decided to capitalize on the idea anyway. So far we've had a customer buy a Bentley and another charter a jet." Other card member tales:
Hooper was probably attempting to add to the black card's mystique by speaking with his tongue planted in his cheek, however. Some of our readers who possess Centurion cards have reported that their new plastic arrived with no hoopla at all, nary a security guard nor a mini-computer. They did receive two cards, but it wasn't a case of one card for business and one for pleasure Yet for all of its snob appeal, the Centurion is still a thing of mystery. Though we located numerous references to it on the American Express web site, nothing we came across explicitly outlined its eligibility requirements or benefits. The card cannot be applied for; it is either proffered by AmEx or it is not. As to how the company decides whom it should offer the preferred plastic to, according to American Express their applications for Centurion cards are generally provided to customers who annually charge $150,000 or more to other AmEx cards. Centurion cards are not offered to anyone who has been a cardholder for less than a year. Long ago, when all that existed was the rumor, we asked ourselves what value there would be in having credit cards so little known they would not be recognized by merchants when presented. Apparently that minor consideration pales in the light of the chargeplates' inherent cachet Black charge cards have progressed from the realm of urban lore into reality. The black AmEx is now not even unique in that Britain's NatWest came out with its version of an ebony premium charge card in 2002. Given the annual fees attaching to such premium cards and in light of the interest rates they carry, we're quite content with our less dusky plastic. Barbara "black adders" Mikkelson Last updated: 6 December 2006 Urban Legends Reference Pages © 1995-2008 by snopes.com. This material may not be reproduced without permission. snopes and the snopes.com logo are registered service marks of snopes.com.  Sources:
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