Which type of card program requires a cardholder to charge more than $500,000 annually?

The correct answer is a Black Card. Black Cards, also known as premium credit cards, are often associated with exclusive benefits and require a high annual spending threshold, typically over $500,000. These cards cater to affluent customers who frequently engage in large transactions, rewarding them with superior perks such as enhanced reward points, concierge services, and travel benefits. The high expenditure requirement not only helps maintain the exclusivity of the card but also indicates the financial status and spending capability of the cardholder, making it a desirable option for those seeking luxury in their credit offerings. In contrast, the other card types generally have lower spending thresholds and cater to a wider audience, thus differentiating them significantly from the Black Card.