Black or Palladium

[distantarray]

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@Leadberry wrote:

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@distantarray wrote:

Palladium 

1. it's accepted in more places

2. titanium < palladium  cost is almost $1,000 just for the raw metal to make a Palladium card

3. easier to obtain than having to spend $240,000 in a year just to apply

4. $600 annual fee vs $5,000 when the benefits between Platinum and Black are almost identical just wasted money imo

5. Hand a cashier Palladium or a Black card see which they comment on the most which would be Palladium. Even if you don't know what Palladium is you'll automatically realize it's a super premium card, some people don't even know what a black card is.

6. UR points > MR points, more flexible and better redemption rates with many of it's partners. better rewards mall as well since the devaluation of MR points in their mall.

Don't get me wrong I love Amex, but for me it's a no brainer, it's nice if you hold one just for fun for a Black card, but seriously $5,000 annual fee? no thank you. Atleast with Palladium the cost of the metal alone is almost the same as the annual fee and it's accepted in more places.

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I read elsewhere that someone who had the Palladium card sent it in to a metallurgist and received the following results from the analysis:

68% copper
28% zinc
3.5% nickel
0.3% palladium

From what I understand, the card weighs one ounce.  Thus, if the above results are correct, the card would contain 0.003 ounces of palladium; the current market value of said metal would be $2.30.  The copper would actually be worth more at $2.39.  Even if the results are a fluke, I highly doubt the Palladium card actually contains any notable amount of the element.

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http://www.goldmoney.com/palladium-prices.html

$763 an ounce right now at current price, but knowing the value of one, my buddy also had it checked out at a local jeweler, and they confirmed it was Palladium, but regardless of the metal the value of the Palladium card with rewards and benefits greatly exceeds an Amex black in every area besides maybe prestige.

[Mickey11]

Does anyone know the current reqs for applying for the Palladium? I've read that creating a chase private client relationship is a way in, if I'm correct you need $250k on deposit with them. Anyone able to chime in? This is my number 1 goal card

[distantarray]

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@Mickey11 wrote:
Does anyone know the current reqs for applying for the Palladium? I've read that creating a chase private client relationship is a way in, if I'm correct you need $250k on deposit with them. Anyone able to chime in? This is my number 1 goal card

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last I heard from  a Chase manager atleast 200-250k in liquid assets with Chase and a personal banker

[CreditScholar]

CPC is the easiest way for people to get the palladium currently. It requires 250k as you've said.

[Open123]

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@distantarray wrote:

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@Mickey11 wrote:
Does anyone know the current reqs for applying for the Palladium? I've read that creating a chase private client relationship is a way in, if I'm correct you need $250k on deposit with them. Anyone able to chime in? This is my number 1 goal card

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last I heard from  a Chase manager atleast 200-250k in liquid assets with Chase and a personal banker

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For me, the must have a "personal banker" is already a deal breaker.  

[Leadberry]

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@distantarray wrote:

---

@Leadberry wrote:

---

@distantarray wrote:

Palladium 

1. it's accepted in more places

2. titanium < palladium  cost is almost $1,000 just for the raw metal to make a Palladium card

3. easier to obtain than having to spend $240,000 in a year just to apply

4. $600 annual fee vs $5,000 when the benefits between Platinum and Black are almost identical just wasted money imo

5. Hand a cashier Palladium or a Black card see which they comment on the most which would be Palladium. Even if you don't know what Palladium is you'll automatically realize it's a super premium card, some people don't even know what a black card is.

6. UR points > MR points, more flexible and better redemption rates with many of it's partners. better rewards mall as well since the devaluation of MR points in their mall.

Don't get me wrong I love Amex, but for me it's a no brainer, it's nice if you hold one just for fun for a Black card, but seriously $5,000 annual fee? no thank you. Atleast with Palladium the cost of the metal alone is almost the same as the annual fee and it's accepted in more places.

---

I read elsewhere that someone who had the Palladium card sent it in to a metallurgist and received the following results from the analysis:

68% copper
28% zinc
3.5% nickel
0.3% palladium

From what I understand, the card weighs one ounce.  Thus, if the above results are correct, the card would contain 0.003 ounces of palladium; the current market value of said metal would be $2.30.  The copper would actually be worth more at $2.39.  Even if the results are a fluke, I highly doubt the Palladium card actually contains any notable amount of the element.

---

http://www.goldmoney.com/palladium-prices.html

$763 an ounce right now at current price, but knowing the value of one, my buddy also had it checked out at a local jeweler, and they confirmed it was Palladium, but regardless of the metal the value of the Palladium card with rewards and benefits greatly exceeds an Amex black in every area besides maybe prestige.

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Another person's similar results:

"Here is the moment you guys have all been waiting for. I finally got around to putting my company's nuclear metal analysis gun on this card. Put your dreams of selling it for scrap safely away. The breakdown is as follows:

Copper 68.54
Zinc 29.34
Nickel 1.34
Vanadium .491

and .........

Palladium .155

It is still a pretty fun little card although I am still waiting for the concierge team to impress me and I really need this card to start providing status on United as a benefit."

I don't mean to derail the thread, however I believe we can all understand that Chase doesn't rake in billions in profit by minting $1000 cards, and I would definitely take nuclear analysis over a jeweler's inspection. 

It's still interesting to hear people's opinions on this.  I knew of the Centurion before, but I'd never heard of the Palladium before joining these boards.

P.S. - The calculated value I gave in my previous post was based on the current market value of Pd ($765/oz) x weight (0.003 oz).

[Leadberry]

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@distantarray wrote:

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@Mickey11 wrote:
Does anyone know the current reqs for applying for the Palladium? I've read that creating a chase private client relationship is a way in, if I'm correct you need $250k on deposit with them. Anyone able to chime in? This is my number 1 goal card

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last I heard from  a Chase manager atleast 200-250k in liquid assets with Chase and a personal banker

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+1

[scenery_guy]

Why is this thread called "Black or Palladium" when we are discussing Centurion or Palladium? 

They are both hilarious. For one you need to have $250,000 in liquid assets on deposit to qualify. The other you have to spend $250,000 on a lower tier card to get an invite. Talk about contrast. 

[enharu]

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@distantarray wrote:

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@Mickey11 wrote:
Does anyone know the current reqs for applying for the Palladium? I've read that creating a chase private client relationship is a way in, if I'm correct you need $250k on deposit with them. Anyone able to chime in? This is my number 1 goal card

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last I heard from  a Chase manager atleast 200-250k in liquid assets with Chase and a personal banker

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what do you mean by a personal banker? i'm supposed to be paying someone to be my personal banker at chase?

is there a minimum period of time the money has to be in a chase account? does it have to be tied down to a CDO, or a J.P Morgan investment account?

I had >300k as cash in my checking last year for >6 months, and within those 6 months I had >1.5m as cash in the same checking account for about 2months, when i was shopping for my condo. No one from Chase ever offered me the Palladium

[ryanbush]

The Centurian is a great card for people that only travel 4-5 times a year but have enough money to buy the status the Centurian comes with.

Trust me thet centurian has better benefits than the Palladium does, for example Platinum Medallian on Delta.

They're both awesome cards but two completly different ideas, again with the centurian you are just buying status at hotels and airlines.