Credit cards are more than just a financial tool. For many, they’re a status symbol that comes with a variety of perks and benefits. Some credit cards are coveted more than others because of their exclusive benefits, like round-the-clock concierge service or access to private jets. These are known as the hardest credit cards to get, and are often invite-only.source
Exclusive Access: Delving into the World’s Most Challenging Credit Cards
The key to qualifying for an exclusive credit card is having a high net worth and income, as well as excellent credit scores. Credit card issuers want to be sure that their highest-end customers can afford the spending limits on these cards and won’t use them as a short-term loan. A good rule of thumb is that a cardholder’s annual income should be at least six figures, or at a minimum, the average salary of a city in which they reside.
If you’re interested in applying for a hard metal credit card, it’s best to focus on your credit score and income. Too many applications can lower your credit score and may signal risky behavior to the card issuers. It’s also a bad idea to apply for multiple cards at the same time, as hard inquiries will take up to three months to drop from your credit report.
The hardest credit card to get is the American Express Centurion Card, or the ‘Black Card.’ This card is offered by invitation only, and requires a minimum annual spending of $250,000. It’s difficult to receive because it’s an elite card that’s designed for rich people.