I currently have the CSR and spend roughly $100K a year. I received this invite letter from Mastercard Black Card with an approval code in the mail. After a business trip, I opened the letter and called, and after spending over an hour on phone calls was approved for $5K. Upon this, I told them to keep their card. Not to be pretentious, but $5K would only hurt my credit as $1500.00 per month is at the 30% threshold of the credit bureau. I was under the perception that this card was for people who spend a lot per month. Sorry Black Card, you won't be getting my business unless your initial limit is higher.
Bottom Line: No, I would not recommend this to a friend
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