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.
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.