The Bottom Line
But even with its appealing benefits, the Mastercard Gold Card is far from the best premium travel card on the market. Its annual fee leans toward exorbitant, and its rewards program is average at best.
You are well insured with the World Mastercard Gold credit card. If you pay for your trip abroad with your World Mastercard, you benefit from generous luggage insurance and personal assistance for emergencies abroad.
The American Express Premier Rewards Gold Card's credit limit actually varies from month to month. In other words, the card has no pre-set spending limit (NPSL). That doesn't mean Amex PRG offers unlimited spending. Rather, Amex may adjust your spending limit over time, based largely on your payment history.
The most exclusive credit card is the American Express Centurion Card, also known as the Amex Black Card. It is reportedly reserved for people who spend at least $100,000 per year, and an application is needed to apply.
Centurion® Card from American Express
Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
The Annual fee is Steep
For folks who maximize the American Express® Gold Card's annual credits and spend plenty in the card's bonus categories, the card is worth every penny, even at $250. But for those who can't, a card with comparable rewards — but without the annual fee — is a smarter choice.
A platinum card will usually be a bank's top-tier/most expensive card, second only to a Diamond or Black card if the lender offers either of these. It will usually be a rewards credit card.
Platinum cards give higher minimum credit limits than gold cards, which can be a bonus if you spend a lot on credit and can responsibly manage your credit card payments. ... Platinum cards also generally require successful card applicants to have higher income levels compared to gold cards.
Not all billionaires use credit cards
While some billionaires do use credit cards, others are actively opposed to them. ... Regardless of how much money an individual may have, paying off a credit card balance each month is extremely important or the interest charges will soon start to outweigh the perks.
If you carry a classic American Express Green, Gold, or Platinum charge card, or any other credit card that has “no pre-set spending limit,” you probably know that no pre-set limit does not mean no limit. ...
You can't exactly predict a credit limit, but you can look at averages. Most creditworthy applicants with stable incomes can expect credit card credit limits between $3,500 and $7,500. High-income applicants with excellent credit might expect a credit limit of up to or more than $10,000.
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