Black Credit Cards

Black credit cards are the most prestigious currently available. They have high credit limits and have a range of benefits as standard such as a higher earn rate on rewards and 24/7 concierge services.

My monthly spend: 
$5,000
 
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Types: 
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rewards program
earn rate
sign up bonus
Points earned
75,000 points when you spend $2,500 in 3 months.
$0 p.a. annual fee for the first year.
75 Bonus Status Credits when you buy and fly return with Qantas by 31st May 2018.
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Qantas Frequent Flyer
Qantas Frequent Flyer
-
75,000
points
after spend criteria
75,000 points when you spend $2,500 on eligible purchases within the first 3 months.
$0 annual fee for the first year.
Eligibility criteria, T&Cs, fees and charges apply.
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ANZ Rewards
ANZ Rewards
1 pt
per $1 spent
75,000
points
after spend criteria
Citi Prestige Card
Apply by 31 jan 18
Receive 150,000 bonus reward Points when you spend $3,000 on your card within 90 days of card approval.
3 pts per $1 spent on selected purchases.
One of the most prestigious credit cards for high income earners.
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Citi Rewards
Citi Qantas Rewards or Citi Rewards
1 pt
per $1 spent
150,000
points
after spend criteria
Westpac Altitude Black Credit Card
Apply by 31 jan 18
42 reviews
80,000 points when you spend $5,000 after a first eligible purchase in the first 90 days.
2 complimentary passes per year to use at over 700 VIP Priority Pass airport lounges worldwide.
$250 first year annual fee (save $145 in the first year).
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Altitude Rewards
Altitude Rewards
1.25 pts
per $1 spent
80,000
points
after spend criteria
 

Q&As about Black Credit Cards from customers

Q: Who are black credit cards intended for?

These are the most prestigious offers currently available. As such, they are reserved for the select few who can meet the stringent criteria required for approval, i.e. people earning north of $75,000 p.a. and with well established credit records. You also need to be able to repay the balance in full each month in order to benefit from what these cards offer.

If you are a low spender, the annual fee to hold a black card will probably not be worth paying for. High spenders, particularly those who pay off the entire balance each month, will get the most value.

Q: What rewards are on offer?

Generally, lots. But there are differences between each bank. It is assumed that applicants travel frequently either for business and/or pleasure, so their rewards programs are skewed towards frequent flyer points. Earn rates are strong, but not necessarily higher than what’s on offer from a dedicated frequent flyer credit card. Sign up bonuses tend to be higher than usual in order to attract high net worth customers. Importantly, black cards generally have no points capping or tiering.

Apart from points, other interesting perks include lounge access (often via Priority Pass membership), travel insurance, and 24/7 concierge assistance. Some may also offer gold status at prestigious hotel brands.

Q: Why choose black over platinum?

If you think you are eligible for both, black credit cards have several distinguishing features. Unlike many of their gold and platinum siblings, black cards usually do not have any points capping or tiering. Black card insurance policies generally offer a better level of cover in comparison. Their concierge services will do more for you and you may also get invited to VIP events.

Q: What can the concierge do?

Concierge services come with many platinum cards, so they are not the sole preserve of the black card. However, black concierge services will be more facilitating. Just how much they are prepared to do is somewhat of an unknown as their specific guidelines are not publicly available. From our research into black card concierge services on forums, social media, etc., they seem to facilitate practically any request within the law. One example: a black card holder asked her concierge to locate a newly released games console, which was sold out nationwide. After two weeks of near constant phone calls, the concierge found one, arranged for a messenger to pick it up, get it wrapped, and then deliver it to their home – all in time to go under the Christmas tree!

If you are unfamiliar with what credit card concierges can do, you can learn more in this blog post.

Q: How good is the insurance?

Black cards typically offer international travel insurance as a minimum, but often have insurance to cover travel travel inconvenience (e.g. flight delays and cancellations, lost luggage, etc.), purchases, theft, etc. It is not possible to cover specific insurance policies here, but it is generally accepted that black credit card insurance is better than that on offer for gold and platinum cards. What exactly is better will vary from card to card, but one thing remains the same: you must familiarise yourself with the policy before doing anything.

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