A black bank card is a high-end card issued by banks to customers with high incomes, so how much money is needed to make a black card?
What is a black card?
Black card is the highest-end bank credit card issued exclusively for customers with strong financial capacity and good credibility. Black card is made from high-quality materials such as precious metals, gold-plated plastic...
Black cards have always been considered a symbol of wealth, not every customer can own a black card. Therefore, in reality, the number of black cards on the market is not much.
The characteristics of black cards are limited issuance; card opening conditions require high value; card maintenance fees are applied many times higher than regular cards.
How much money do I need to have to get a black bank card?
Each bank will have its own regulations on issuing black cards and conditions that cardholders must satisfy. Below are some basic conditions:
- Customers must be 15 years of age or older and have full legal capacity.
- Total assets in the bank are at least 16 million USD (about more than 300 billion VND).
- Have a minimum annual income of 1.3 million USD (about 30 billion VND)
- Have a spending level in the bank account of over 25,000 USD/year (over 1 billion VND)
- Accept the annual card maintenance fee of 2,500 USD (more than 50 million VND) depending on the bank.
Note, the above conditions may vary depending on the regulations of each bank.
Privileges of owning a black credit card
When owning a black card, customers receive many different privileges such as:
- High credit card limit : Black card limit is much higher than normal credit card limit. How high the black card limit is depends on each bank's different policies and each person's financial capacity.
- Global Insurance: Most black credit cards are provided with global insurance by default including: travel insurance, cash withdrawal insurance, transaction insurance, flight delay insurance, wallet loss insurance, personal belongings insurance...
- Exclusive offers : Black credit card owners receive many offers when shopping such as cashback on each purchase bill with big discounts, accumulate points when shopping...
- Special services: Depending on each bank's policy, black card owners will enjoy exclusive service privileges, such as premium airport lounges, 24/7 support services, free hotel booking services...
- Free utilities: Depending on the policy of each bank, customers who own a black credit card can use free SMS banking services, electronic banking services, online payment services using electronic signatures and many other services...
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