- Our rating: A
- Interest rate: APR is 13.99% variable; 0% APR for 6 Months on Balance Transfers
- Earning rewards: 1% cash back on purchases or points (1 point for every dollar spent)
- Rewards options: travel on any airline at anytime; Luxury Gifts from some of the world’s top brands
- Become a member today and enjoy our 24-Hour Concierge Service. Apply Now!
Visa’s new Black Card is made with carbon graphite to ensure both durability and visibility. This credit card is aimed at high profile clients. In fact, Visa says that Black Card is “limited to only 1% of U.S. residents”.
Those who qualify will benefit from a limited membership program, 24-Hour Concierge Service and will have to pay an annual fee of $495 which includes all benefits. Additionally, as part of the Exclusive Rewards Program, the cardholders receive 1% cash back on purchases or points (1 point for every dollar spent). The points can be redeemed for travel on any airline at anytime. Points expire after five years if not redeemed.
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Additionally, they also receive Luxury Gifts from some of the world’s top brands. And when they travel, the cardholders can use their travel lounge Priority Pass, which is a VIP lounge program, allowing access to more than 500 airport lounges in over 90 countries worldwide.
When you open an account, you can transfer all your existing balances onto the Black Card without paying any interest for six months. The APR is 13.99% variable and the grace period is at least 20 days from the Statement Closing Date. The currency conversion charge is 3%.
If you have excellent credit and plan to use the card for its benefits, then the Visa Black Card is the best choice for you.