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Weekly Roundup: I Got An American Express Centurion Card
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Hahaha just kidding, I don’t have it and you know what? I never will. While it’s awesome to get personal concierge services and all the great bells and whistles of the card, the $2500 annual fee is just something I don’t ever see myself wanting to pay. Oh yeah, the minimum spending of $250,000 a year is also a bit of a stretch too but even if that were possible (hahaha), blowing $2500 on an annual fee just seems stupid. Oh yeah, there’s also a $5,000 initiation fee!
Now, for most people who have it, it’s more a status symbol than anything else and you can read more about it here.
- MBH tackles three questions about FSAs.
- JD guest posted at Flexo’s blog on how to turn $500 into $7… I guess he’s taking the Get Rich Slowly mantra a little too far.
- NCN shares exactly how he paid off all his debt.
- Looking at houses? FMF recently checked out seven and shares his thoughts on the process thus far.
- It seems only fitting that since JD guest posted elsewhere, we should highlight a guest post on GRS – this post on the hidden cost of stuff comes to us courtesy of Amanda, a Colorado tech writer and an activist for children with congenital heart disease.
- At the Nickel household, DISH Network still sucks.
- ING snares Sharebuilder, JLP shares the email release.
- SVB shares some ways to increase your income.
- Golbguru thinks testimonials are bullshit and most of the time they are if you can’t verify them.
- First we’re told we’re saving too little, now Jeremy shows us an article about how one man thinks we’re saving too much for retirement.
- You can’t replace parenting with money, gifts, etc.
- Lazy Man gives us his November 2007 Net Worth Update.
- Need a silver lining for the subprime crisis? Dividend yields for bank stocks are up! (Assuming they keep the dividend where it is)
- You need earned income to contribute to a Roth IRA, so what counts as earned income? Click through to find out.
- Over at MoneyNing, David takes a swipe at gift cards and how they’re basically interest free loans. I agree that gift cards are stupid.
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One of my best friends has one. I don’t how he managed it except that his family is fairly well off. His name is on the card though, so go figure.
I think Amex would be far better served by providing great service to their long-term customers instead of the richest ones. I’ve had an Amex card over 25 years, you think that would be worth something to them.
The only ones that really jump when we walk in the door are our credit union folks – it is so easy and such a pleasure to do business with them now after over 20 years being there.
Thanks for saving the best link for last
My friend works for a membership concierge service that copies the amex black card and she has many interesting stories of what people ask them to do!
Joined the Ceturian Club on June 13th, 2009 and cancelled June 20th, 2009. On June 13th I was on hold for over 30 minutes to make some travel arrangements and was called back 60 minutes later. On June 20th I was on hold for 25 minutes for travel and hung up. Called Platinum travel and was connected in 30 seconds and was fully booked in 10 minutes.
Centurian, at least in Canada is a total rip off. They use the same services as Platinum for 6 times the membership fee. I am President of a large construction company and will be telling all of my associates that AMEX cards are now a rip off. AMEX is clearly going broke in the credit crisis as over 10% of all cardholders are in default.