Black Credit Cards | Reviews, Comparison & Application

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
 
Features: 
All features
Types: 
All types
rewards program
earn rate
sign up bonus
Points earned
100,000 bonus Qantas Points and $200 back when you spend $4,000 on eligible purchases in the first 3 months.
Earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period.
Get complimentary International Travel Insurance (eligibility criteria apply) provided by Allianz Insurance.
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Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
up to $7,500
then 0.5 pts
Above $7,500
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100,000
points
100,000 points and $100 back when you spend $4,000 on eligible purchases in the first 3 months.
Free International Travel Insurance.
Eligibility criteria, T&Cs, fees and charges apply.
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ANZ Rewards
ANZ Rewards
1 pt
per $1 spent
100,000
points
American Express Westpac Altitude Black Credit Card Bundle® (Altitude)
Apply by 15 oct 19
Earn up to 120,000 bonus Altitude Points when you apply for the two-card bundle issued by Westpac and Amex until 15 October 2019. (Conditions Apply)
Earn up to 5 Altitude points per $1 spent on eligible overseas purchases. (Amex)
Earn 1.25 Altitude Point per $1 spent on eligible purchases. (Westpac)
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Altitude Rewards
Altitude Rewards
3 pts
per $1 spent
120,000
points
after spend criteria
American Express Westpac Altitude Black Credit Card Bundle® (Qantas)
Apply by 15 oct 19
Earn up to 120,000 bonus Qantas Points when you apply for the two-card bundle issued by Westpac and Amex until 15 October 2019. (Conditions Apply)
Earn up to 2 Qantas points per $1 spent on eligible overseas purchases. (Amex)
Westpac Mastercard® issued and serviced by Westpac. AMEX Westpac Altitude Card issued & serviced by American Express.
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Qantas Frequent Flyer
Qantas Frequent Flyer
1.25 pts
per $1 spent
120,000
points
after spend criteria
American Express Westpac Altitude Black Credit Card Bundle® (Velocity)
Apply by 15 oct 19
Earn up to 120,000 bonus Velocity Points when you apply for the two-card bundle issued by Westpac and Amex until 15 October 2019 (conditions apply).
Level up your tier by earning up to 75 Velocity Status credits (conditions apply).
Earn up to 2 Velocity points per $1 spent on eligible overseas purchases. (Amex).
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Velocity Frequent Flyer
Velocity Frequent Flyer
1.25 pts
per $1 spent
120,000
points
after spend criteria
Westpac Altitude Black Credit Card
Apply by 15 oct 19
39 reviews
80,000 bonus Qantas or Altitude points when you spend $4,000 on eligible purchases within 90 days of card approval. Exclusions apply. Qantas rewards fee applies.
2 complimentary passes per year to use at over 700 VIP Priority Pass airport lounges worldwide.
24/7 Altitude Black Card Priority Service line.
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Altitude RewardsQantas Frequent Flyer
Altitude Rewards or Qantas Frequent Flyer
1.25 pts
per $1 spent
80,000
points
after spend criteria
Westpac Altitude Black Credit Card (Velocity)
Apply by 15 oct 19
Receive 80,000 bonus Velocity points (terms and conditions apply).
Level up your tier by earning 50 Velocity Status credits (conditions apply).
Enjoy two (2) Virgin Australia Lounge passes per anniversary year.
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Velocity Frequent Flyer
Velocity Frequent Flyer
-
80,000
points
after spend criteria
Citi Prestige Card
Apply by 31 jan 20
Earn up to 150,000 points points. (Conditions Apply)
One of the most prestigious credit cards for high-income earners.
3 pts per $1 spent on all eligible International Spend.
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Citi Rewards
Citi Rewards
1 pt
per $1 spent
150,000
points

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Q&As about Black Credit Cards from customers

Are black credit cards better than gold or platinum cards?

Black cards are better in the sense that they have a higher status and more benefits than gold or platinum cards from the same issuer. They also have higher annual fees.

What exactly is a black credit card?

Although it also describes the colour of the card, the word ‘black’ actually refers to the card’s status when compared with other cards. A black card is higher up the ladder than gold and platinum, comes with more complimentary benefits, often has a higher and less restricted loyalty points earning rate, and inevitably costs more in terms of the annual fee.

Who should consider applying for a black credit card?

Black credit cards are intended for higher income earners, relatively big spenders who make most of their purchases using a credit card. They are probably regular travellers for either business or leisure. The extra rewards points they can earn, and additional complimentary benefits they can make use of, allow them to recoup far more than the value of the high annual fee.

Who are the issuers of black credit cards?

The Big Four banks plus American Express, Bankwest, Citi, HSBC and Macquarie. The word ‘black’ may not always appear in the card’s name. Some black card issuers use terms like Premium, Diamond, Prestige, Premier and Signature.

How much does it cost to have a black credit card?

Currently most black cards have an annual fee in the $300 to $400 range. The Citi Prestige card has a much higher fee ($700, or $749 if you choose to earn Qantas points) but its complimentary benefits are stellar.

What sort of benefits can I expect with a black credit card?

Black credit cards are almost always rewards cards, with a higher points earning rate per dollar spent. There will be no monthly points cap to limit earning; if there is a cap, it is likely to be a generous one. Complimentary benefits usually include travel insurance, shopper’s insurance and a concierge service, as a minimum. Some black cards offer airport lounge access, free flights or travel vouchers, luxury hotel group membership, prestige events and more.

Are the extra benefits worth the higher fee?

Cardholders who are relatively big spenders and regular travellers, who channel the majority of their spending through a single black card and pay off their card balance every month, should have no problem recouping the value of the fee several times over every year.

Are there any black credit cards with low interest rates?

No. Black credit cards are not aimed at cardholders who are concerned about interest rates because they expect to have an unpaid purchase balance for long periods. Interest rates on black cards usually exceed 20% p.a.

Can I get sign-up bonus points with a black credit card?

Definitely. Most black credit cards offer at least 75,000 sign-up bonus points, and the number can be as high as 100,000 or even 150,000. The offers go up and down, and a card’s bonus points offer may occasionally disappear altogether for a short period. But at any one time there are usually several black cards offering bonus points.

Most sign-up bonus point offers require cardholders to reach a set spending target within the first two or three months of holding the card.

What are the eligibility requirements for a black credit card?

Most card issuers are looking for a minimum income of $75,000 and a good or excellent credit rating.

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