Some of the most expensive credit cards in the world in terms of annual fees include the American Express Centurion Card (also known as the Black Card), which reportedly has a $10,000 initiation fee and a $5,000 annual fee, and the J.P. Morgan Reserve Card, which has a $10,000 annual fee. Other high-fee cards include the Dubai First Royale Mastercard and the Coutts World Silk Card.