What is a black credit card?

The credit card most associated with the phrase “black card” is the Centurion ® Card from American Express, or the “Amex Black Card.” It was released in 1999 and created such a buzz that other card issuers wanted to create their own deluxe credit cards to reward their highest-spending customers. Enter the age of the black card.

Do black cards have a credit limit?

Aside from their exclusiveness, black cards are generally known for having no credit limit, allowing members to spend freely. However, credit card issuers have already determined who they feel is financially capable of wielding the black card’s limitless buying power. Recommended: Does Applying For a Credit Card Hurt Your Credit Score?

What is a secured credit card?

Secured credit cards are a type of credit card where the cardholder secures the card with a security deposit. Such cards offer limited lines of credit that are equal in value to the security deposits, which are often refunded after cardholders demonstrate repeated and responsible card usage over time.

Why do most travel rewards cards have a black color?

Many premiere rewards cards have borrowed the black color for their best credit card products, and card issuers have found ways to make their most popular travel rewards cards feel upscale. The Amex Black Card helped launch the metal card trend, and these days many consumers have at least one metal card in their wallets.