The Rise and Fall of the Blackcard

Once coveted, now commonplace, the AmEx blackcard has had its ups and downs—and spawned a lot of copycats. A time line of the status symbol's rise and fall, with a rock-bottom incident at the hands of—no surprise—the Lohans.

September 24, 2010

May 1999: Inspired by those rumors, American Express creates the black Centurion Card for its wealthiest customers. It debuts in the U.K., with the U.S. following in October.

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