Originally Posted by
747FC
It just blows my mind that Amex sweats the small stuff (a new credit card)
In my opinion, this is just a pretext to extract more spending. This is part of the way that American Express generates profit from Centurion. They use it as a
carrot which motivates people to spend more on other American Express products. American Express also knows that people place a higher value on things they have
earned compared to things they were
given. Making someone earn a Centurion card increases loyalty, and perhaps lowers resistance to fee increases or benefit reductions.