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OT Ballers: Fly Free for Life

Posted on 11/23/15 at 10:04 am
Posted by WPBTiger
Parts Unknown
Member since Nov 2011
31054 posts
Posted on 11/23/15 at 10:04 am
LINK

quote:

Chinese billionaire Liu Yiqian, who doesn't exactly struggle to afford a plane ticket, can now likely fly free, in first class, with his whole family, anywhere in the world, for the rest of his life.


quote:

Liu has an American Express Centurion Card, also known as the AmEx "black card," an invitation-only card that is given only to AmEx's biggest spending clients. The card has no official credit limit — and it earns points, just like most of the cards non-billionaires carry around.

Each AmEx card issued in each country accrues points differently. But using a baseline of a one point per dollar, what American Express uses for its U.S. Platinum and Centurion Cards, Liu will earn 170,400,000 million Membership Reward points for his painting purchase, which doesn't include tax or the fees Christie's charges. He has likely earned tens of millions of points for his earlier fine art buys, like the expensive tea cup.
Posted by Motorboat
At the camp
Member since Oct 2007
22685 posts
Posted on 11/23/15 at 10:06 am to
why fly first class when you can afford a jet?
Posted by TheAlmightySmash
New Orleans
Member since Jun 2014
5479 posts
Posted on 11/23/15 at 10:07 am to
because he couldn't afford a 500$ round trip flight I guess
Posted by VetteGuy
Member since Feb 2008
28184 posts
Posted on 11/23/15 at 10:08 am to
IDC, I hate to fly, free or otherwise.


quote:

an invitation-only card


Not really. Pay the fee and you too, can own a black card.
Posted by CajunAlum Tiger Fan
The Great State of Louisiana
Member since Jan 2008
7873 posts
Posted on 11/23/15 at 10:08 am to
quote:

170,400,000 million


That's an expensive painting.

Or just typical terrible journalism.
Posted by CidCock
Member since Sep 2007
Member since Feb 2011
8631 posts
Posted on 11/23/15 at 10:19 am to
170 Million Million, that's a lot
Posted by DollaChoppa
I Simp for ACC
Member since May 2008
84774 posts
Posted on 11/23/15 at 10:29 am to
The rich get richer
Posted by UHTiger
Member since Jan 2007
5231 posts
Posted on 11/23/15 at 11:21 am to
Not exactly. It is an invitation only card. They do review portfolios before extending an invitation
Posted by wheelr
Member since Jul 2012
5147 posts
Posted on 11/23/15 at 11:36 am to
The black card has been around for a while.

I prefer this rewards card.

Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 11/23/15 at 11:37 am to
I think you have to spend 250k on the platinum card one year to get an invite to the Black
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