Black credit cards

Black credit cards are extremely prestigious. They have high credit limits and a range of benefits as standard, such as a higher earn rate on rewards and 24/7 concierge services.

By   |   Verified by David Boyd   |   Updated 31 May 2023

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Comparing black credit cards

BMO eclipse Visa Infinite Privilege Card

Apply by July 31, 2023

BMO eclipse Visa Infinite Privilege Card

Balance transfer

N/A

Purchase rate

20.99% p.a. ongoing

Annual fee

$499.00 p.a. ongoing

Highlights

  • Get up to 90,000 BMO Rewards bonus points. 50,000 BMO Rewards welcome bonus points will be applied to your account after you spend a minimum of $6,000 within the first 3 months. The other 40,000 BMO Rewards welcome bonus points will be credited on your first anniversary after you spend a minimum of $100,000.
  • Earn 5x the points for every $1 spent on groceries, dining in and out, drugstore purchases, gas, and travel, 1 point for every $1 spent on everything else
  • Complimentary Priority Pass membership, plus six annual lounge visits.

Pros

  • Earn up to 90,000 bonus points when you meet the criteria.
  • Be eligible to receive a $200 annual travel credit. Conditions apply.
  • Get Priority Security Lane, airport parking and valet service discounts at select Canadian airports.

Cons

  • The $499 p.a. annual fee.
HSBC World Elite Mastercard

HSBC World Elite Mastercard

Balance transfer

N/A

Purchase rate

19.9% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Earn up to 80,000 Points PLUS a full annual fee rebate for the Primary Cardholder for the first year. Must apply by May 31, 2023. Conditions Apply.
  • No foreign transaction fees.
  • Earn 3% in travel rewards on all eligible travel purchases (6 points per $1) and 1.5% in travel rewards on all other eligible purchases (3 points per $1).

Pros

  • Earn 80,000 points when you meet the criteria.
  • $0 annual fee on the first year.
  • Includes 31-day insurance coverage.

Cons

  • The annual fee reverts to $149 p.a. after the initial year.
Scotia Momentum Visa Infinite Card

Apply by June 30, 2023

Scotia Momentum Visa Infinite Card

Balance transfer

6 months at 2.99% p.a.

Purchase rate

20.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Earn 10% cashback on all purchases for the first 3 months (up to $2,000 in total purchases).
  • No annual fee for the first year, including supplementary cards ($120 and $50 p.a. respectively thereafter).
  • Earn cashback on groceries, recurring payments, gas, and everything else.

Pros

  • Generous cashback rate in the first 3 months.
  • No annual fee in the first year.
  • Includes travel, flight delay, lost baggage, and other insurances.

Cons

  • The $120 p.a. annual fee after the initial year.