The Chase Black Card is Palladium

Chase JP Morgan Palladium Black Card

The tale of the Black Card dates back to the 1980’s when a rumor began to circulate that American Express offered an exclusive credit card, which happened to be this color, to wealthy celebrities and the social elite. The buzz was that it had no credit limit, something unheard of at the time. While there is no proof that the American Express Black Card existed at that time, the rumors grew large enough that American Express decided to take advantage of all the free word-of-mouth publicity, and in 1999 launched the this card by invitation only. The card was given to their Centurion Platinum card members who had been spending at least $150,000 a year. It’s due to this history that

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11 Responses to The Chase Black Card is Palladium

  1. billy says:

    If you can get either of these two cards, you know that you’ve made it.

  2. sally says:

    “Making It” has little to do with how much money you have.

  3. Will says:

    I always find it funny looking at the benefits of these cards, usually you can get the same or better as a regular card holder in terms of points earning potential.

    These are cards for big spenders who want the “Wow” factor.

  4. dave says:

    I think it would be cool to hand over one of these cards when buying stuff since they would be so different than the normal plastic cards, but not at that price…

  5. April says:

    My dad has one. You get better treatment from sale associates when you use one of these cards. They see it and know you have a lot of money, so they go out of their way to treat you the best that they can.

  6. I'm rich says:

    The fees for these cards only seem high to those who don’t have enough money. If you are rich like I am, the fees on these cards are nothing. It’s much better to have the prestige that comes with the card than to worry about how much the card costs each year. Most people wouldn’t understand this because they don’t have enough money to understand. The fees for black cards aren’t high at all for the service that you get from them.

  7. Gailete says:

    So glad you have so much money you can waste it ‘I’m Rich’. I think those fees are ridiculous. Any one who has worked hard to get rich I would think would have to think about if they really had a need for such a card. I think they would be better off with a no limit debit card from their bank, but I doubt they have those type of cards. I think it is sad that people have to buck up their self esteem to get the false prestige that comes from a credit card. I had an ex-MIL that was very proud of her Visa ‘Gold’ card and seemed to think that she was something special since she had been given one. Could be why her son, my ex, thought nothing of getting us into $40K+ of credit card debt in barely a year!?!?

  8. I'm rich says:

    They are only ridiculous if you don’t have the money for them. It has nothing to do with “bucking up their self esteem” and everything to do with taking advantage of the services they offer. If you don’t have enough money, you wouldn’t understand.

  9. dave says:

    The fact that your name is “I’m Rich” pretty much assures that you’re anything but. Wealthy people don’t go about bragging about it, especially on blog posts like this. My guess is that you don’t even come close to qualifying for any of the black credit cards.

  10. Andrew B says:

    It’s a great card to have, the airline lounge memberships and lack of fees after the annual fee, and travel insurance (trip & rental car) make up for the upfront charge. It is very high profile and I’ve had the card info stolen twice, so I use the plastic version. It also sets off the airport metal detector.

  11. Dave says:

    This card does have its benefits and the fees are not overly high for what you get. My Amex Platinum carries an annual fee of $495 so another $100 or so isn’t bad. I must say that a few other cards offer some of the same benefits as well. A “no limit” debit card is a bad idea because if the info is stolen cold hard cash is gone and you have to deal with getting it back and it’s a pain in the ass hence why most wealthy clientele utilize credit cards. It’s a lot less of a hassle to deal with. Also, I don’t want ANYTHING linked directly to my bank account(s) that I use everyday because of skimming and theft of card information. I would much rather swipe my credit cards and pay in full out of my accounts at the end of the month. One more thing, I find the user “I’m Rich” obviously NOT rich because of the way he/she presents themselves and the wealthy do not brag on public forums. I find it amusing how you can tell the person’s character by just a few short sentences and a name.

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