TimesOnline UK reports on a batch of American Express cards including Centurion (Black Card), as well as Platinum cards that had batch of faulty cards produced in February in the UK (The Centurion Card in the UK runs a £1,800, maybe this will someday become a bargain if the pound continues to decline against the dollar (now 1.4 = 1)). TimesOnline UK reports come from at least one Centurion member Olver Watson:
Who confesses to being “rather excited” when his card arrived in a small velvet pouch wrapped in several layers of black packaging, says: “I immediately set out to do what most credit card users do: I changed my PIN to a combination that I could remember. Or at least I tried to. I found that not only did the titanium card refuse to allow me to do so, but I could no longer use the card.”
Although, this must be specific in the UK, I can’t remember many times that I’ve ever used a credit card to get cash, at least, unless in Las Vegas. One nice perk of the Centurion is that they sign you up to withdraw cash direct from your bank account via ATM, bypassing those ever so limiting daily limits many banks place on ATM withdrawls. We’ve also heard of users nervous to put their cards in the old-style ATM machines that suck in the card, and heard in some cases of credit card readers of this type getting jammed by the Black Card. Titanium isn’t perfect, at least not in the world designed for plastic.
This is a charge card, not a credit card. The balance of this card must be paid in full before the due date. There is nothing special, or unusual about using this card to withdraw cash from an ATM.
Something to note, most ATMs have their own, individual single usage and daily limits applied per transaction, so you can’t just go up to an ATM with an AMEX Centurion and withdraw the entire contents.