Applications for credit cards are everywhere. These are available on display in banks and in retail stores and the displays are very prominently displayed so as to attract the maximum number of applicants. Then, there are applications massed mailed at random to thousands of homes hoping to attract an applicant who could use a little credit. It would seem that it is fairly easy to find a credit card and, to a great extent, this is true. However, not all credit cards are available to a large number of people. In fact, there are a significant amount of exclusive credit cards that are very, for lack of a better word, picky in terms of who can apply for them. This may seem unfair, but the fact remains in the free market world some individuals have amassed great wealth and, as such, can make purchases that are of significant amounts of money. As such, the credit cards that they require will be of significant credit limits and these cards will have certain stringent requirements for application approval. While not the first credit card to be considered an exclusive credit card the American Express Centurion is probably the most famous and legendary of all the exclusive cards. For starters, no one can arbitrarily apply for the card. It is strictly an invitation only card and the only people invited are those who are super wealthy. So elite is this card that in Hollywood circles, the possession of the Centurion card is considered a major status symbol. Not to be outdone, Bank of America has opted to issue its own exclusive card in association with American Express. The card is known as the Accolades card and while not as exclusive as the Centurion, it is a rather difficult card to be approved for since it is designed for extremely high purchases. In fact, the average transaction fees collected on this card is about $2400 per card per month. This can yield significant income and Bank of America could surely use it considering the way their stock has crashed in the third quarter. Perhaps this is why Bank of America opted to release such a card in the first place. Of all the exclusive credit cards on the banking market, probably the most exclusive and prestigious of all would be the Coutts & Co.'s World Card which is issued by the Royal Bank of Scotland Group. How exclusive is this particular card? Well, consider the following: anyone who applies for the card must have millions of dollars in assets before even being remotely considered qualified for the card! Additionally, you must be a member of Coutts and Company which is the United Kingdom's most exclusive bank. It is believed that less than 100 people in the world have been approved for this card. Yes, this is a truly prestigious card and those who possess are truly privileged individuals! To a certain extent, the exclusivity of these cards is what makes them so appealing. That is, celebrities and the very wealthy are not so much looking for the best credit card on the market as much as they are looking to join in on a club that is highly prestigious and exclusive. These luxury credit cards are highly exclusive and that is what makes them highly desirable. Amazingly, even someone with a net worth of $10 million may be turned down for these cards! So, it goes without saying there is a certain sense of accomplishment one can derive from being approved for one of these cards. As such, those who have been approved take solace in the fact that they have truly been anointed...at least by the credit card companies anyway.
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