A black credit card refers to a high status credit card tier sitting at or above premium. They are offered by a handful of credit card issuers, and come with a significant amount of benefits and perks, and generous credit card limits.
The term ‘black credit card’ was made popular by the American Express Black Card. Reserved for rock stars and titans of industry, it is reported to have an ‘unlimited’ credit limit and is famously shrouded in mystery.
Generally speaking, black credit cards often simply refer to the highest-status card offered by a provider. They may not be labeled as a “black credit card”. Just as there are standard, gold and platinum credit cards, a black credit card is typically seen as one of the highest status levels that a cardholder can be approved for. Not every provider will call this tiered credit card ‘black’ and may use their own category descriptions.
It is considered to be a luxury credit card, reserved for the biggest spending applicants with higher incomes. This also ensures that cardholders can afford the typically higher-than-average purchase rates and annual fees that are associated with these products.