That shouldn’t be a problem, according to Zach Honig, editor-in-chief of the travel rewards site. Liu and his wife, in an interview with The New York Times, said they plan to use the points to allow their family to travel for the rest of their lives. He could potentially be a billionaire in both in cash and American Express points.
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Chinese billionaires presumably go to Starbucks too. He has likely earned tens of millions of points for his earlier fine art buys, like the expensive tea cup.ĭon’t forget the points Liu has earned through everyday purchases. Platinum and Centurion Cards, Liu will earn 170,400,000 million Membership Reward points for his painting purchase, which doesn’t include tax or the fees Christie’s charges. But using a baseline of a one point per dollar, what American Express uses for its U.S. For more travel coverage from the San Francisco Bay Area and beyondĮach AmEx card issued in each country accrues points differently. The card has no official credit limit - and it earns points, just like most of the cards non-billionaires carry around. Liu has an American Express Centurion Card, also known as the AmEx “black card,” an invitation-only card that is given only to AmEx’s biggest spending clients. “It is based on our relationship with that individual card member and these decisions are made on a case-by-case basis, based on our knowledge of their spending patterns.” “In theory, it’s possible to put a ($170 million purchase) on an American Express card,” said American Express spokeswoman Elizabeth Crosta. American Express will not confirm Liu Yiqian’s Modigliani purchase, or say if it would be the biggest ever on their cards, citing privacy reasons.