<P> The company also offers travel insurance for luggage, trip interruption / cancellation, rental car damages, warranty manager service, and purchase security on up to $500 per claim . The $495 annual fee gives members limited enrollment in the VIP lounge program that provides access to many airport lounges . </P> <P> In early 2009, the card's New York Times full - page ad was the focus of a Stephen Colbert segment pretending to misunderstand the name as racial . The Black Card has also been featured as a high - end credit card in Vegas Magazine, Ocean Drive, Capitol File, and LA Confidential . </P> <P> TIME Magazine dubbed the Black Card one of the "5 Credit Cards You Don't Want In Your Wallet ." Citing CardHub, the magazine called the Black Card the worst general consumer credit card as a result of its membership fee . Consumerism Commentary contrasts that the card's fee offsets the cutback rewards and concierge services . </P> <P> Black Card LLC successfully registered "Black Card" as a U.S. trademark in 2009 . However, American Express offers its own exclusive black - colored card called the Centurion Card, which it contended was widely known as "the Black Card" before the launch of the Black Card (then Visa card), despite never seeking to trademark that name itself . American Express filed suit against Black Card LLC in February 2010, claiming that the trademark was obtained improperly and sought injunctive relief . This suit was concluded in November 2011, with the U.S. District Court for the Southern District of New York ruling that Black Card, LLC's trademark of the name "Black Card" should be canceled on grounds that it was merely descriptive . (See also American Express Marketing and Development Corp, et al. v. Black Card, LLC, 2011 U.S. Dist . LEXIS 133151 (S.D.N.Y. November 17, 2011 .) </P>

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