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Product Name Card

ANZ Rewards Black

Purchase Rate

Purchase Rate

20.24

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$0

for 12 months then $375

Late Payment Fee

$20

Go to site

Bonus Points

Earn 80,000 extra Reward Points* and $0 annual fee in the first year with your new ANZ Rewards Black credit card. *Extra Reward Points earned when you spend $2,000 on eligible purchases in the first 3 months from approval. New card. T&Cs, eligibility criteria, fees and charges apply (including an annual fee, currently $375 after the first year). Access exclusive cashback offers with Cashrewards Max.
Product Name Card

ANZ Frequent Flyer Black

Purchase Rate

Purchase Rate

20.24

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$425

Late Payment Fee

$20

Go to site

Bonus Points

Earn 130,000 bonus Qantas Points and $255 back to your new ANZ Frequent Flyer Black credit card when you spend $3,000 on eligible purchases in the first 3 months from approval. New card. T&Cs, eligibility criteria, fees & charges apply (including annual fee, currently $425).
Product Name Card

American Express Explorer Credit Card

Purchase Rate

Purchase Rate

20.74

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$395

Late Payment Fee

$30

Go to site

Bonus Points

Receive 300,000 Membership Rewards points
Product Name Card

American Express Qantas American Express Ultimate Card

Purchase Rate

Purchase Rate

20.74

% p.a

Interest Free Days

Interest Free Days

44

Annual Fee

Annual Fee

$450

Late Payment Fee

$30

Go to site

Bonus Points

Receive 300,000 Membership Rewards points
Product Name Card

American Express Qantas Premium Card

Purchase Rate

Purchase Rate

20.74

% p.a

Interest Free Days

Interest Free Days

44

Annual Fee

Annual Fee

$249

Late Payment Fee

$30

Go to site

Bonus Points

Receive 80,000 bonus Qantas Points
Product Name Card

ANZ Rewards Travel Adventures Card

Purchase Rate

Purchase Rate

20.24

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$120

Late Payment Fee

$20

Go to site

Bonus Points

40,000 bonus Reward Points, when you spend $1,000 on eligible purchases in the first 3 months from approval. New card. T&Cs, eligibility criteria, fees and charges apply (including annual fee currently $120). Access exclusive cashback offers with Cashrewards Max.
Product Name Card

Bank of Melbourne Amplify Signature (Amplify Qantas)

Purchase Rate

Purchase Rate

19.49

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$279

Late Payment Fee

$15

Go to site

Balance Transfer

90,000 Qantas Bonus points + 0% on balance transfers for 24 months.
Product Name Card

Bank of Melbourne Amplify Signature (Amplify Rewards)

Purchase Rate

Purchase Rate

19.49

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$279

Late Payment Fee

$15

Go to site

Bonus Points

Balance Transfer and Bonus Point Special for new applications.
Product Name Card

BankSA Amplify Signature (Amplify Qantas)

Purchase Rate

Purchase Rate

19.49

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$279

Late Payment Fee

$15

Go to site

Bonus Points

Earn 90,000 Bonus Qantas Points + 0% on balance transfers for 24 mths
Product Name Card

BankSA Amplify Signature (Amplify Rewards)

Purchase Rate

Purchase Rate

19.49

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$139

for 12 months then $279

Late Payment Fee

$15

Go to site

Bonus Points

Get 150,000 bonus Amplify Points plus 0% p.a. interest on balance transfers for 24 months
Product Name Card

Bankwest Qantas World Mastercard

Purchase Rate

Purchase Rate

20.49

% p.a

Interest Free Days

Interest Free Days

44

Annual Fee

Annual Fee

$270

Late Payment Fee

$25

Go to site
Product Name Card

Citi Prestige (Citi Rewards Program)

Purchase Rate

Purchase Rate

21.49

% p.a

Interest Free Days

Interest Free Days

44

Annual Fee

Annual Fee

$700

Late Payment Fee

$30

Go to site

Bonus Points

Receive 200,000 bonus Citi reward Points when you spend $7,500 within 60 days from approval
Product Name Card

Citi Premier

Purchase Rate

Purchase Rate

21.49

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$150

for 12 months then $300

Late Payment Fee

$30

Go to site

Bonus Points

Receive 130,000 bonus Citi reward Points
Product Name Card

Citi Emirates World Mastercard

Purchase Rate

Purchase Rate

21.49

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$149

for 12 months then $299

Late Payment Fee

$30

Go to site

Bonus Points

Receive 60,000 Skywards Miles and 0% p.a. on balance transfers for 9 months
Product Name Card

Citi Premier Qantas

Purchase Rate

Purchase Rate

21.49

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$175

for 12 months then $350

Late Payment Fee

$30

Go to site

Bonus Points

80,000 bonus Qantas Points when you spend $4,000 on eligible purchases within 90 days from approval. 0% on balance transfers for 6 months.
Product Name Card

Citi Prestige (Qantas Rewards Program)

Purchase Rate

Purchase Rate

21.49

% p.a

Interest Free Days

Interest Free Days

44

Annual Fee

Annual Fee

$749

Late Payment Fee

$30

Go to site
Product Name Card

Commonwealth Bank Diamond Awards (CommBank Awards Points)

Purchase Rate

Purchase Rate

20.24

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$349

Late Payment Fee

$20

Go to site
Product Name Card

HSBC Premier World Mastercard (Qantas Rewards)

Purchase Rate

Purchase Rate

19.99

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$99

Late Payment Fee

$30

Go to site
Product Name Card

HSBC Premier World Mastercard (Rewards Plus)

Purchase Rate

Purchase Rate

19.99

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$0

Late Payment Fee

$30

Go to site
Product Name Card

Macquarie Bank Black Card (Macquarie Rewards)

Purchase Rate

Purchase Rate

20.70

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$149

Late Payment Fee

$20

Go to site

Bonus Points

Receive 20,000 bonus Macquarie Reward points
Product Name Card

Macquarie Bank Black Card (Qantas Rewards)

Purchase Rate

Purchase Rate

20.70

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$149

Late Payment Fee

$20

Go to site

Bonus Points

Receive 20,000 bonus Qantas points
Product Name Card

NAB Qantas Rewards Premium Card

Purchase Rate

Purchase Rate

19.99

% p.a

Interest Free Days

Interest Free Days

44

Annual Fee

Annual Fee

$250

Late Payment Fee

$15

Go to site

Bonus Points

65,000 bonus Qantas Points on a new NAB Qantas Rewards Premium Card when you spend $2,500 in the first 60 days. 0% on balance transfers for the first 12 months (3% BT fee applies).
Product Name Card

NAB Qantas Rewards Signature Card

Purchase Rate

Purchase Rate

19.99

% p.a

Interest Free Days

Interest Free Days

44

Annual Fee

Annual Fee

$295

for 12 months then $395

Late Payment Fee

$15

Go to site

Bonus Points

120,000 bonus Qantas Points on a new NAB Qantas Rewards Signature Card when you keep your card open for over 12 months*. 90,000 points when $3k spent within first 60 days and 30,000 points when the card is left open for over 12 months.
Product Name Card

St.George Bank Amplify Signature (Amplify Qantas)

Purchase Rate

Purchase Rate

19.49

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$279

Late Payment Fee

$15

Go to site

Bonus Points

Earn 90,000 Bonus Qantas Points + 0% p.a. on balance transfers for 24 months.
Product Name Card

St.George Bank Amplify Signature (Amplify Rewards)

Purchase Rate

Purchase Rate

19.49

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$279

Late Payment Fee

$15

Go to site

Bonus Points

Get 150,000 bonus Amplify points + 0% p.a. interest on balance transfers for 24 months
Product Name Card

Virgin Money Virgin Australia Velocity High Flyer Card

Purchase Rate

Purchase Rate

20.74

% p.a

Interest Free Days

Interest Free Days

44

Annual Fee

Annual Fee

$289

Late Payment Fee

$30

Go to site
Product Name Card

Westpac Altitude Black (Altitude Qantas)

Purchase Rate

Purchase Rate

19.99

% p.a

Interest Free Days

Interest Free Days

45

Annual Fee

Annual Fee

$300

Late Payment Fee

$15

Go to site

Bonus Points

Earn up to 120,000 bonus Qantas Points and 0% p.a. on 24 months on balance transfers
Product Name Card

Westpac Altitude Black (Altitude Rewards)

Purchase Rate

Purchase Rate

19.99

% p.a

Interest Free Days

Interest Free Days

45

Annual Fee

Annual Fee

$99

for 12 months then $250

Late Payment Fee

$15

Go to site

Bonus Points

Earn 140,000 bonus Altitude Points. 0% on balance transfers for 24 months. Reduced first year card fee of $99 ($250 thereafter).
Product Name Card

Qantas Money Qantas Premier Titanium

Purchase Rate

Purchase Rate

19.99

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$1200

Late Payment Fee

$30

Go to site

Bonus Points

Receive 150k bonus Qantas points and 0% on BT for 6 months
Product Name Card

Commonwealth Bank Ultimate Awards (CommBank Awards Points)

Purchase Rate

Purchase Rate

20.24

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$420

Late Payment Fee

$20

Go to site

Bonus Points

100,000 Bonus Awards Points
Product Name Card

Westpac Altitude Black (Altitude Velocity)

Purchase Rate

Purchase Rate

19.99

% p.a

Interest Free Days

Interest Free Days

45

Annual Fee

Annual Fee

$300

Late Payment Fee

$15

Go to site

Bonus Points

Earn up to 120,000 bonus Velocity Points and 0% p.a. on 24 months on balance transfers
Product Name Card

Commonwealth Bank Ultimate Awards (Qantas Points)

Purchase Rate

Purchase Rate

20.24

% p.a

Interest Free Days

Interest Free Days

55

Annual Fee

Annual Fee

$420

Late Payment Fee

$20

Go to site

Bonus Points

70,000 bonus Qantas Points

Embed

What is a black credit card?

A black credit card refers to a high status, above-premium credit card tier provided by some credit card issuers. It typically comes with a significant amount of benefits and perks, and generous credit card limits. 

It can be considered a luxury credit card, reserved for applicants with higher incomes and biggest spenders. This can be beneficial so that cardholders can afford the typical higher-than-average purchase rates or annual fees associated.

Just as there are standard, gold and platinum credit cards, a black credit card is typically seen as one of the highest status levels for a card holder to be approved into. Not every provider will call this tiered credit card ‘black’ and may use their own categories.

Who provides black credit cards?

There are 13 card issuers in Australia that provide black credit cards, according to RateCity’s database, including American Express, Citi and Virgin Money.

But as a black credit card can just refer to a highest-status level card, it may be listed under an alternative name by some providers, including the big four banks.

Big four bank ‘black’ credit cards:

ProviderHighest status credit cardAnnual Fee
ANZRewards Black$375
Frequent Flyer Black$425
CBAUltimate Awards (CommBank Awards Points)$420
Ultimate Awards (Qantas Points)$420
Diamond Awards$349
NABRewards Signature Card$395
Qantas Rewards Signature Card$295
WestpacAltitude Black (Altitude Rewards)$250
Altitude Black (Altitude Qantas)$300
Altitude Black (Altitude Velocity)$300

Source: RateCity.com.au. Data accurate as of 31/01/22

What is the most exclusive credit card?

The American Express Centurion Card is generally considered to be the most exclusive credit card, and commonly referred to as the ‘AMEX Black Card’.

The card is so famous it has its own Snopes page, with reports that the perks provided are so high status that when one cardholder wanted a “handful of sand from the Dead Sea for a child’s school project on the Holy Land, someone was dispatched by motorcycle to the shores of the Dead Sea to obtain the sand, which was couriered back to London.”

It gained this reputation by the level of mystery surrounding the eligibility criteria and application process involved, as you must be invited to sign up for this credit card. While AMEX does not publicise the details of how to be eligible, Australian Frequent Flyer recently reported that it is speculated you need to spend at least $100,000 a year on your card and be on a high income.

You’ll need to be an existing AMEX member and an active user for at least a year to be considered for invitation. It also reportedly comes with a $5,000 ‘initiation fee’, and $5,000 annual fee.

What are the benefits of a black credit card?

Black credit cards are sought after in the Australian credit card market for their high level of perks and rewards. While these benefits may also translate to a higher-than-average annual fee or purchase rate, these perks are considered to justify these costs.

Some of the benefits of a black credit card may include:

  • Membership rewards points
  • Frequent flyer points
  • Airport lounge access
  • 24/7 concierge service
  • Brand partner discounts
  • Access to special events and stadium lounge access
  • VIP seating and packages

You may also gain access to the following protections:

  • Fraud protection
  • Free domestic and international travel insurance
  • Extended warranty
  • Purchase protection insurance
  • Rental car excess insurance
  • Transit accident insurance
  • Guaranteed pricing scheme

What are the disadvantages of a black credit card?

The fees and interest rates associated with black credit cards are some of the highest on the market. However, if you can afford to qualify for a black credit card, then you’re generally considered to be able to afford these costs.

According to the RateCity database at the time of writing, the average interest rate sits at 16.20%, with the average annual fee at $135.74. The Qantas Money Premier Titanium credit card, for example, has an annual fee of $1,200 and a purchase rate of 19.99%.

These costs may be considered a disadvantage to some Australians looking to keep their ongoing costs low. However, if you’re in the market for a high-status credit card, these higher costs may be commonplace.

It is still worth comparing your options to see what fees and interest rates are charged across the available black credit cards so you can find one that suits your needs and budget.

ANZ Rewards Black

How do I get approved for a black credit card?

To gain approval for any credit card you will need to meet standard eligibility criteria, such as being 18-years or over and being employed part or full time. For a black credit card, gaining approval can require jumping through some more difficult hoops.

Typically, you will need to meet a higher income limit than your standard or even platinum credit card. You’ll also typically need to be a big spender, with your annual credit card spending and payments reaching $100,000 - $500,000 or more, depending on the card provider.

Black credit card holders may need to have an excellent credit score as well to qualify. For the two major credit reporting bureaus in Australia, this may mean a score of 800-1000 for Experian or 800-1200 for Equifax.

What is the credit limit of a black credit card?

A black credit card will typically offer a much higher credit limit than your standard credit card, or no maximum credit limit at all. This may be considered one of the biggest advantages of being approved for this status level.

The American Express Centurion Card, or ‘Black AMEX’, is famous for reportedly offering no credit limit to its customers. CommBank’s Diamond Awards credit card and NAB’s Rewards Signature cards also have no set credit limit, with minimum limits of $15,000.

If we just look at the non-frequent flyer highest status level credit cards, for example, two for the four big banks do carry maximum credit limits of $75,000.

Some of the big four bank black credit card limits

Big four bankMinimum credit limitMaximum credit limit
ANZ Rewards Black$15,000$75,000
CBA’s Diamond Awards$15,000No set maximum
NAB Rewards Signature Card$15,000No set maximum
Westpac Altitude Black Card$15,000$75,000

Source: RateCity.com.au. Data accurate as of 31/01/22

How do I compare black credit cards

If you’re in the market for a black credit card, you’ll want to ensure you’re choosing the best option for your financial goals. This means it may be worth writing a list of the types of perks and brand partnerships you would prefer to earn rewards with. For example, if you’re a frequent flyer with Qantas, prioritising a black credit card that offers Qantas lounge access, airport meet and greet service and elite rental car access may be a priority. 

Next, consider using a comparison table, such as the one on this page, to view black credit card options side by side. This can allow you to compare apples with apples and explore how each credit card compares in terms of fees, interest rates and rewards. You can also narrow down your short list using the comparison table filter and select more personalised options, such as Visa, Mastercard or AMEX or the partner program you prefer.

This article was reviewed by Personal Finance Editor Georgia Brown before it was published as part of RateCity's Fact Check process.

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