Black credit cards

Do you need a premium credit card with some seriously good perks? Black credit cards offer first-class levels of service with a host of benefits and features. Compare below and read on to learn more about black credit cards.

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Purchase Rate
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Annual Fee
Purchase Rate 20.74% p.a.
Balance Transfer 0% p.a. for
12 months

reverts to 20.99% p.a.

Annual Fee $289 p.a.
Purchase Rate 20.74% p.a.
Balance Transfer N/A% p.a.
Annual Fee $395 p.a.

What is a black card?

A ‘black’ card describes a premium credit card – like gold or platinum. Black credit card holders can expect high levels of customer service; which can include generous credit limits, a personal shopper, offers from high-end retailers, and other complementary products.

How do black cards work and how much do they cost?

A black credit card is essentially a supercharged credit card. We’re talking more perks, more status, higher limits (up to $100,000), higher interest rates and, yes – higher fees.

Credit providers designed black cards for customers with a high level of income and a steeper level of spending. Here’s a breakdown of some common black credit card rates and fees:

  • Interest rate. High-interest rates usually correspond with high-value rewards cards.
  • Cash advance rate. If you withdraw money from an ATM or draw a cheque on credit, you’ll be charged interest immediately on the amount taken out.
  • Balance transfer rate. Moving your outstanding balance from one card to another may incur an administration fee.
  • Annual fees. Black credit cards typically demand a higher annual fee than other credit cards, due to their increased features.  
  • Late payment fee. If you fail to meet the minimum payment, you may be charged a late payment fee.

Benefits of holding a black card

If you’re a black credit card holder, there are a number of benefits you could enjoy – should they be available on your card.


With a standard credit card, you may earn few (or no) reward points for every dollar spent. As a black credit card holder, it might be much more generous (e.g. between one-and-a-half to two points for every dollar spent). This increases your reward earning potential, which you can then spend on a range of travel and shopping perks.

Personal concierge service

A personal concierge service may be available to assist you with your business, travel, entertainment, and transport needs. Many credit providers have partnerships with luxury brands and offer personal shopping assistance to cardholders.

Travel cover

Many black credit cards offer complimentary travel cover when you book flights or holidays with your card. The types of cover will vary between credit providers, so it pays to do your research to ensure it suits your needs, as opposed to a standalone travel insurance policy.

Other benefits

Black cards can also include other perks; such as travel vouchers, flight upgrades, access to airport lounges and more.

two black credit cards

Potential drawbacks of holding a black card

Many of these cards have higher than average yearly spending limits – which, if you spend it, you will have to pay back. The exact requirements will vary between cards and credit providers. When comparing your options, consider additional costs (higher annual fees and interest rates), which may negate savings made through rewards and benefits.

What’s more, high credit limits can impact your credit borrowing power (even if you never hit it and make repayments on time) as lenders may see it as potential debt.

What’s the best type of black card for me?

Different credit providers may have their version of a black credit card – with subtle differences. The best card for you will depend on which lender has bundled together the most attractive set of rewards and benefits that match your spending habits.

What to look for when comparing black cards?

Here’s what you need to consider when comparing black credit cards:

  • introductory offers. Some credit providers offer bonus points, low annual fees and interest rates to sweeten the deal. If you decide to commit based on an introductory offer, it’s wise to look at the bigger picture to determine if it’s the best option for you in the long-term.
  • rewards programs. Some black credit cards boast comprehensive rewards programs, while others focus on Frequent Flyer programs.
  • extras. Potential savings lie in the extras. For example, if you regularly stay in hotels, get airport transfers and pay for access to airport lounges, then the version of the black card you choose could amount to saving a lot of money.
  • fees. When searching for the ideal black card, take notice of the annual fee, international spending fees, and more to determine if the value received exceeds the money spent on such charges.
  • interest rates. Credit limits on black cards can be significant (e.g. $100,000). As such, should you intend to spend a lot, the slightest difference in interest rates could be substantial. A lender that offers an extended number of interest-free days (i.e. periods where you aren’t charged interest on purchases) could help you avoid excessive rate charges.

Frequently asked questions

Who should get a black card and are they worth it?

Generally, black credit cards are for high earners, big spenders and frequent travellers. If you’re a high earner who travels regularly and can see value in the rewards, extras and benefits on offer, then they could be worth it. The trick is to ensure the value received exceeds the money spent on fees and rates.

What’s the difference between a black card and other premium cards?

Black credit cards generally surpass gold and platinum cards in terms of status, credit limits, rewards and complimentary extras. They tend to offer a greater variety of benefits in exchange for more fees and typically higher interest rates. Which type of card is best for you will depend on your own personal financial situation and spending habits.

Can I use my black card overseas?

It’s more than likely, yes, plus the benefits of the black card extend beyond Australian shores. Black cards often incentivise overseas trips with many travel-related perks; such as, free flights and upgrades, travel vouchers, airport transfers or access to exclusive hotels and airport lounges.

How do I apply for a black card?

Black cards are a particularly exclusive product, and some are even invitation-only. Others require an income of $75,000 and beyond, as well as a flawless credit history. If you believe you meet the requirements, then scroll up, compare and apply.

Learn more about the credit card application process.

Compare your options today

Premium credit card users expect a lot from their cards, and so they should! Finding a combination of features that matches your lifestyle may provide a significant benefit to the cardholder.

Our credit card comparison tool helps you compare interest rates, rewards programs and annual fees in a convenient side-by-side view. Comparing is easy, free and the choice is all yours.

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