Black Credit Card: What It Is & What You Need to Know
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is a Black Credit Card?
How Do Black Credit Cards Work?
Who Qualifies for a Black Credit Card?
Guide to Getting a Black Credit Card
What Kinds of Perks Do Black Credit Cards Offer?
Concierge services Most elite credit cards offer some sort of personal assistance. Often, you get access to an assistant 24/7 for help with anything from personal finances to making travel arrangements. Curated rewards High-end credit cards offer rewards just like other credit cards. However, with these cards, the rewards are usually specifically tailored to the user's interests and spending habits. High credit limits Elite cards come with sky-high spending limits. In some cases, the credit limit is unlimited. Repayment flexibility Black cards will often offer longer periods in which you can pay your card balance without being charged interest. Exclusive invites Elite cards often grant user access to invitation-only or sold-out events, including concerts and major sporting events. Top tier travel benefits A black card will generally give you access to exclusive airport lounges around the world, along with comprehensive travel insurance.
Pros of Black Credit Cards
Rewards
Unique Perks
Exclusivity
Cons of Black Credit Cards
High Costs
Benefits Aren’t Always Exclusive
Opacity
Is a Black Credit Card Worth It?
The Takeaway
Frequently Asked Questions
About the Author
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