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Credit score ranges can be roughly equated to levels of credit, from Bad to Excellent: Applying for a card designed for people in your FICO score range does not guarantee you will be approved.
Several other variables, including income and debt obligations may also come into play.
Indeed, cardholders in China are already complaining that the service is lacking and does not warrant the hefty annual fee.
However, there are other less prestigious cards that can help you earn these upgraded statuses without the huge annual fee.
Benefits are also rumored to include a luxury car rental service, with preferred pricing on exotic high-end vehicles like Lamborghinis, Bentleys and even Formula One racing cars.
Cardholders who had more than 2 authorized users when this rule went into effect will have their authorized users grandfathered in, meaning that they will be able to keep the extra cards.
If you check out the “Annual Membership” section of the Cardmember Agreement on American Express’ site, you’ll see that they offer Platinum Card and Gold Card options, sometimes with discounted annual fees, as additional cards for Centurion cardholders.