Cryptocurrency Q&A
Who qualifies for a black card?
Who qualifies for a black card?
Bianca
Sun Jul 21 2024
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6 answers
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I'm curious to understand who actually qualifies for a so-called 'black card' in the world of cryptocurrency and finance. Is it simply a matter of wealth, where individuals with significant crypto holdings are automatically eligible? Or does it require a deeper understanding of the market, perhaps demonstrated through a track record of successful investments? Could it be a matter of influence, where industry leaders and key opinion makers are granted access? I'd appreciate if you could elaborate on the criteria that typically determine eligibility for such an esteemed status.
6 answers
Sara
Tue Jul 23 2024
To obtain an Amex Black Card, applicants must possess a minimum one-year history with American Express.
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Giulia
Tue Jul 23 2024
Additionally, individuals must spend a significant amount on their Amex credit cards, reaching the threshold of $500,000 or more per annum.
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Sofia
Tue Jul 23 2024
However, there are some reports that indicate the spending requirement is even higher, with suggestions that applicants need to spend upwards of a million dollars every year.
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Alessandra
Tue Jul 23 2024
Alongside these financial requirements, applicants must also maintain an exceptional credit score.
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Maria
Mon Jul 22 2024
Specifically, a credit score of 800 or higher is necessary to meet the eligibility criteria for the prestigious Amex Black Card.
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