American Express to Introduce Two New Premium Cards?
American Express could soon have two new credit cards. There have been some rumors in the past, but a recent document reveals two new card names that could be the credit cards that will be launched. Both are premium cards that will probably have a big annual fee.
The names for the new products are the American Express Titanium Card and American Express Black Charge Card. Doctor of Credit has posted an image of the document from a vendor’s list that reveals the names. The two new cards are positioned between the Amex Platinum card and the Centurion Card. The Amex Platinum card has an annual fee of $550 (recently increased from $450) and the Centurion Card has a $5,000 annual fee (recently doubled).
There is no word what types of perks we will see from these two new products. But there should definitely be plenty, considering the rank in the list of American Express credit cards. I would expect the fee to be somewhere between $1K and $3K.
American Express has long has an exclusive reputation, by offering superior premier products geared towards the wealthy. It was a status symbol to take out your American Express credit card out of your wallet. Those times are long gone, and other issuers have almost leveled off the playing field. But with these two new cards it looks like American Express is looking to tap into that wealthy market once again. If these cards are launched, they will clearly not be for everyone.
There are many people out there that already pay a $550 annual fee for a credit card. But, would you sign up for an Amex card that has an annual fee of $1,000 or even more? What perks would you need to tip the scale?
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