His penchant for using his Amex card to buy artwork worth millions is evident in every swipe (read: 31 swipes) when he used his American Express credit card to buy a $45 million painting. Someone bought a $170 million painting using the Amex card-Ĭhina’s kitschiest billionaire Liu Yiqian loves his Amex nearly as much as his antiques. Those are very difficult underwriting decisions and not for the faint of heart.” Chinese billionaire Liu Yiqian has purchased around $250 million of art using his Amex Centurion card. There’s nobody that has a $75 million line. He added, “It’s also why stories sometimes circulate in which someone charges a painting for $75 million. Bloomberg shared, “From a credit perspective, that’s a really reassuring thing,” Squeri said. They may seem incredibly generous, but not without closely evaluating a customer’s riskiness each time they use their card, according to Chief Executive Officer Steve Squeri. American Express Chief Executive Officer Steve Squeri would indeed not find that possible action funny and would encourage it! Amex cards are revered and desired as users can buy extravagant things on their cards, planes and multi-million paintings included! Most people dont know that the renowned charge-card giant approves such transactions by underwriting every purchase. ![]() When singer Noel Gallagher boasted that he could buy a Boeing 747 with his Black card, he wasn’t joking.
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