The ultimate prestige symbol may be so-called "black credit cards," but their true nature is often misunderstood. Black credit cards, which American expresses are the most well-known, offer benefits and privileges that other cards can't touch. Learn what black cards are, how they function, and why they're so difficult to obtain before deciding whether you need one. what are black credit cards?

What Does Black Card Mean?

You can only get your hands on a black credit card if you're one of the ultra-wealthy. Obtaining one of these cards is usually restricted to those who have been extended an invitation. The yearly fees and minimum spending requirements for this card type are quite expensive. If you want to be considered for a black credit card, you may need to charge tens of thousands, if not hundreds of thousands, of dollars annually. what are the black metal credit cards people have?

Top Black Credit Cards

Black cards, amusingly enough, aren't always black. And many have more than one name, such as the black American Express credit card, also known as the American Express Centurion Card. Keep an eye out for invitations to these premium black cards and everything they offer if you have a high enough spending history and want access to unique benefits. what credit cards are black?

American Express Centurion Card

Obtaining an American Express Centurion Card requires an invitation and a sizable monetary investment. To obtain this card, you must pay an initial charge of $10,000 plus an annual fee of $5,000.

Delta elite membership, airport lounge access, and a statement credit toward flying travel costs are just some of the perks offered to cardholders. In addition to receiving elite status with several hotel and rental car programs, you also get access to a personalized concierge service available around the clock.

Although some sources state that you'll receive 1.5X points on purchases over $5,000, others suggest that the rewards rate is a flat 1X. There is talk of a big welcome incentive. However, accounts differ on the precise number of points available and the minimum spending requirement.

Mastercard Black Card

Luxury Card's Mastercard Black Card is a sleek metal credit card with a black coating that screams "exclusive." However, the $495 annual charge is far more manageable given the ease with which this card can be applied online.

Click here to sign up for this black card and receive 1X points. Your points are only worth 1.5 per cent when redeemed for cash but 2 per cent when redeemed for airfare on any airline.

Compared to other high-end travel credit cards, such as those that enable transfer points to specific hotel and airline partners, the Mastercard Black Card stands out.

J.P. Morgan Reserve Card

There is a $595 yearly charge for the J.P. Morgan Reserve Card. To become a private banking client of J.P. Morgan, you need to have at least $10 million in assets managed by the bank, which is rumoured but unverified.

To receive this card, you must first be invited. It has been stated that the J.P. Morgan Palladium Card includes a United Club membership and Priority Pass Select airport lounge access.

After the yearly $300 credit, you'll get 3X points on travel, 3X on eating, and 1X on everything else you buy, plus a credit for the Global Entry application cost. Bonus incentives of up to a specified amount each year are mentioned in some accounts and awarded to those who spend enough money over the year.

Guide To Obtaining a Black Credit Card

Although the desire for a black credit card is understandable, card issuers are notoriously secretive about being invited to apply for one. One of the few ways to receive a black credit card is to be invited to join the card's exclusive membership program.

You can't just apply online for a black card because you want one, except the Mastercard Black Card from Luxury Card. However, there are means by whereby one may get an invitation for black card membership.

For instance, previous media reports stated that if you spent an average of $500,000 per year on another American Express credit card, you would be invited to apply for a black credit card.

The Conclusion

If you're looking for the best credit cards available, go no further than a black credit card. Black credit cards have gained their image for exclusivity due to the high barriers to admission and high costs. Information on the card, such as invites, is difficult. Still, if you're not interested in becoming an insider's club bragger, you're better off with a premium rewards credit card.