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.

People are happy
Rated 4.8 out of 5 for customer satisfaction.
You may have seen us in
My monthly spend: 
$5,000
 
Features: 
All features
Types: 
All types
rewards program
earn rate
sign up bonus
Points earned
Receive 120,000 bonus Qantas points and $275 back with your new ANZ Rewards Black card (terms and conditions apply).
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.
More info
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
up to $7,500
then 0.5 pts
Above $7,500
More info
120,000
points
after spend criteria
Receive 150,000 points with your new ANZ Rewards Black card (terms and conditions apply).
Free International Travel Insurance.
Eligibility criteria, T&Cs, fees and charges apply.
More info
Add to comparison
ANZ Rewards
ANZ Rewards
1 pt
per $1 spent
150,000
points
after spend criteria
American Express Westpac Altitude Black Credit Card Bundle® (Altitude)
Apply by 31 mar 20
Earn up to 140,000 bonus Altitude Points when you apply for the two-card bundle issued by Westpac and Amex until 31 March 2020. (Conditions Apply)
Reduced Annual Fee of $349 p.a. in the first year.
Earn up to 5 Altitude points per $1 spent on eligible overseas purchases. (Amex)
More info
Add to comparison
Altitude Rewards
Altitude Rewards
3 pts
per $1 spent
140,000
points
after spend criteria
American Express Westpac Altitude Black Credit Card Bundle® (Velocity)
Apply by 31 mar 20
Earn up to 100,000 bonus Velocity Points when you apply for the two-card bundle issued by Westpac and Amex until 31 March 2020 (conditions apply).
Reduced Annual Fee of $399 p.a. in the first year.
Earn up to 2 Velocity points per $1 spent on eligible overseas purchases. (Amex).
More info
Add to comparison
Velocity Frequent Flyer
Velocity Frequent Flyer
1.25 pts
per $1 spent
100,000
points
after spend criteria
Westpac Altitude Black Credit Card (Altitude)
Apply by 31 mar 20
39 reviews
Receive 100,000 Altitude bonus points (terms and conditions apply).
Earn up to 6 Altitude points per $1 spent (terms and conditions apply).
2 complimentary passes per year to use at over 700 VIP Priority Pass airport lounges worldwide.
More info
Add to comparison
Altitude Rewards
Altitude Rewards
1.25 pts
per $1 spent
100,000
points
after spend criteria
Westpac Altitude Black Credit Card (Velocity)
Apply by 31 mar 20
Receive 80,000 bonus Velocity points (terms and conditions apply).
Get two (2) complimentary Economy X seat Upgrade vouchers each year (terms and conditions apply)
Enjoy two (2) Virgin Australia Lounge passes per anniversary year.
More info
Add to comparison
Velocity Frequent Flyer
Velocity Frequent Flyer
$(refer to Pros section)
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.
More info
Add to comparison
Citi Rewards
Citi Rewards
1 pt
per $1 spent
150,000
points

Protect your identity. Monitor your credit score for free.

Join more than 13,000 Australians and get your score today.
  1. Protect yourself from identity fraud
    Get alerted to large credit score drops.
  2. Know where you stand
    The banks know your score. Shouldn’t you too?
  3. Avoid a nasty surprise
    Before applying, check if your credit is good enough.
  4. Always with you
    Check online or download the app.

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.

More comparisons like this one

Rewards Credit Cards
Altitude Rewards Credit Cards
Amplify Rewards Credit Cards
ANZ Rewards Credit Cards
Citi Rewards Credit Cards
Credit Cards that earn Rewards on ATO Payments
Gold Credit Cards
Gold, Platinum & Black Credit Cards
Hotel Credit Cards
Membership Rewards Credit Cards
Platinum Credit Cards
Priority Pass Credit Cards
Sign Up Bonus Credit Cards
Store Credit Cards

People are happy

Rated 4.8 out of 5 for customer satisfaction.
"Absolutely love this site... it's the best and most updated going. Instant online chat and advice. Thanks!"
S. Hucker, NSW
"Very very helpful customer service, fast and efficient and got right to the point! Highly recommend using Credit Card Compare before applying so that you are fully ready and equipped for the information needed."
Nevine, NSW
"I used Credit Card Compare today for the first time and I would recommend the website to anyone looking for credit card comparison. The customer service provided was quick and they understood what I wanted. Thank you!"
Irene, WA
Read more testimonials
Compare these cards: