Using a Charge Card to Buy $170 Million Painting

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Today I Found Out
Published at : 04 Feb 2021
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In this video:

Throughout the late 1980s and early 1990s there was a legend that was passed around speaking of a special credit card only issued by American Express to people with more zeroes in their bank balance than a half eaten bowl of Cheerios. This was, of course, not true, or at least it wasn’t until 1999 when American Express decided to make the card a reality. To quote a director for the company, Doug Smith, “There had been rumors going around that we had this ultra-exclusive black card for elite customers. It wasn’t true, but we decided to capitalize on the idea anyway.”

Want the text version?: http://www.todayifoundout.com/index.php/2017/05/really-super-exclusive-black-american-express-card/

Sources:

https://web.aexp-static.com/us/content/pdf/cardmember-agreements/centurion/CenturionAECB.pdf
http://www.mercurynews.com/2015/11/23/family-will-fly-free-for-life-after-170m-purchase-on-american-express-black-card/
https://www.creditcardinsider.com/blog/the-american-express-centurion-black-card/
http://www.snopes.com/business/bank/blackcard.asp
http://www.investopedia.com/articles/personal-finance/062415/black-centurion-vs-platinum-american-express.asp
http://tim.blog/2010/05/01/credit-card-concierge/#more-2724

Image Credit:

https://www.bigstockphoto.com/ru/image-190749430/stock-vector-hand-holding-silver-tray-which-have-black-credit-card-paste-in-it-illustration-about-financial-with-catering-concept
https://www.bigstockphoto.com/ru/image-142836575/stock-vector-false-stamp-red-grunge-square-isolated-sign
https://www.bigstockphoto.com/ru/image-157322900/stock-photo-booking-hotel-travel-traveler-search-business-reservation-holiday-book-research-plan-tourism-concept-stock-image
https://www.bigstockphoto.com/ru/image-186774691/stock-photo-close-up-of-a-man-wearing-microphone-headset-back-view
https://www.bigstockphoto.com/ru/image-145756406/stock-photo-man-is-paying-a-prostitute-for-sex-escort-and-prostitution-conc
https://www.bigstockphoto.com/ru/image-144101438/stock-photo-sand-running-through-fingers-in-the-beach
https://www.bigstockphoto.com/ru/image-1394224/stock-photo-%D0%9B%D0%BE%D1%88%D0%B0%D0%B4%D0%B8-%D0%BF%D1%80%D0%B8%D0%B2%D0%BE%D0%B4
https://www.bigstockphoto.com/ru/image-2179741/stock-photo-%D0%9F%D0%BE%D0%BB%D0%BE%D0%B6%D0%B8%D0%B2-%D0%B7%D0%BE%D0%BB%D0%BE%D1%82%D1%8B%D0%B5-%D0%BC%D0%BE%D0%BD%D0%B5%D1%82%D1%8B-%D0%B2-%D1%85%D1%80%D0%B0%D0%BD%D0%B8%D0%BB%D0%B8%D1%89%D0%B5-%D0%B1%D0%B0%D0%BD%D0%BA%D0%B0
https://www.bigstockphoto.com/ru/image-134983592/stock-photo-double-exposure-of-professional-businessman-using-smart-phone-and-blurred-city-centre-of-business-with-trading-graph-chart-technology-%26-business-trading-concept
https://www.bigstockphoto.com/ru/image-144923438/stock-photo-is-it-worth-heart
https://www.bigstockphoto.com/ru/image-177549628/stock-vector-restricted-rubber-stamp-grunge-design-with-dust-scratches-effects-can-be-easily-removed-for-a-clean%2C-crisp-look-color-is-easily-changed

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