Climb the CREDIT CARD LADDER: Tier Five “Black Cards” EXPLAINED – The Credit Shifu

by YouTube Team

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Credit Shifu Wallets:
We look at invite only black cards, the fifth and final tier on the credit card ladder.
“The content in this video is accurate as of the posting date. Some of the offers may no longer be available.”

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28 comments

Ben Hedges August 28, 2022 - 11:10 pm

Get 10 free stocks on Moomoo: https://j.moomoo.com/00mmxz #moomoo

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Nathan Levin August 28, 2022 - 11:12 pm

Black cards are definitely a dream, but the social media cards have always confused me. Are there any lounge access, besides the special house?

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Joshua Butler - Credit Cards & Personal Finance August 28, 2022 - 11:12 pm

STARTED AT THE BOTTOM NOW WE HERE! 🤑💳💳💳💳💳

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Mark Reese // Credit & Finance August 28, 2022 - 11:14 pm

Still waiting for my invitation 😬💳

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Callum August 28, 2022 - 11:14 pm

Can we have time for an intermission? So much to absorb

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1bridge11 August 28, 2022 - 11:37 pm

Malia Obama does cocaine? Like father like daughter.

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Chris Brown August 28, 2022 - 11:46 pm

Haha I’m not even going to meet the spend on my Platinum card to get two free guests at the Centurion lounge so I doubt they will be offering me the Black card😂

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Rhyme time UK August 28, 2022 - 11:48 pm

The JPM Reserve used to be obtainable via the Chase Private Client, people got the JPM Palladium card and then when that was discontinued, they converted them to Reserve. It's my understanding there used to be a 250k rule for Amex Black, but that's gone and it's now multiple millions needing to be charged for the personal card. I think maybe even 10Mil + for the Amex black Business. great video and I loved the Malia Obama pic being included haha!!

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Col. Jim Worrall August 28, 2022 - 11:49 pm

I hope you wont include video clips that use GOD's name in vain in your future videos so I can continue to watch your informative content. Thank you.

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Emperor Dion August 29, 2022 - 12:19 am

I have a Dubai first card, what are you talking about? It's easy to get. I thought this was everyone's first card 🥱

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Bob Bacheler August 29, 2022 - 1:01 am

I keep hearing about this $250k figure. I have spent multiples of that on my AMEX (business and personal) over the years and have not been invited.

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Spencer Johnson August 29, 2022 - 1:30 am

Although these cards are nowhere on the horizon for me, I always really enjoy these videos. Who knows though…maybe one day I'll have a Black Card of my own. At least I have some kind of a shot on the Karat card. Only 199k subs to go!! 😂 Loved this series, Ben. I'm looking forward to more!

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Kane B August 29, 2022 - 1:33 am

Meant to comment on last video but I missed it, could you do a breakdown of the fine hotel collection, visa infinite hotel collection, and hotel specific cards?? Venture X is in my future, I've been debating if I want to pair it with a hotel or airline card.

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Curmudgeon Extraordinaire August 29, 2022 - 2:11 am

I like the JPMorgan. Exclusive, but doesn’t have an hefty AF.

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Jimmy Orlellana August 29, 2022 - 2:16 am

The only good and practical one is the JP MORGAN Reserve Card

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Anonymous Hippopotamus August 29, 2022 - 2:20 am

I met a guy named Mark who laughed about Tier 5.

That's all? That ain't nothing, said he.

Question Mark I did when he said there were 96 Tiers.

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Paul Stein August 29, 2022 - 2:32 am

I wouldn’t want to belong to a club that would have me as a member.

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Oroborus August 29, 2022 - 3:59 am

Tier 5 = the silly cards. The only people who can get them could just pay cash anyway.

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Sexy Geek August 29, 2022 - 6:13 am

A few years ago I received an invitation for "the black card", but it looked like a lower-level card masquerading as a high-end card. It had 1% cash back and a free magazine.

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Robert Robinson August 29, 2022 - 1:36 pm

Well at least I made it to tier 4.

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Manny Covington August 29, 2022 - 2:12 pm

Waiting for that black card invite 😂

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Financially Free Finally August 29, 2022 - 2:41 pm

This tier just feels like the cost benefit just isn't there. I know a couple of people that held the AMEX Centurion that went back to Plat.

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Thomas J August 29, 2022 - 6:29 pm

Thanks to Ben. I reversed all the damage to my credit. Went from a 602 to a 772. All derogatory accounts are gone. Avoided bankruptcy, and am working on building back my savings.

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Chris Hagins August 29, 2022 - 6:38 pm

Does the centurion card actually have any point multiplier categories? Like 5X on all yacht purchases or 7X on all jet fuel purchases?

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Icarus August 29, 2022 - 7:16 pm

The point of a ladder is to get higher up. Something cash back people wouldn't have a use for.

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TRAVEL UNIVERSITY August 29, 2022 - 8:24 pm

"Trash credit scores" hahahahahaha love it

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TRAVEL UNIVERSITY August 29, 2022 - 8:34 pm

The boat!!! hahahah. awesome video

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Aaron Melson August 30, 2022 - 9:59 am

I like the amex centurion.

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