Known As Sultans' Credit Card, What Is A Black Card?

Illustration (PublicDomainPictures/Pixabay)

YOGYAKARTA – Some people may have never heard of the term black card, considering that this exclusive credit card is only offered by banks to high-income customers. So, what is a black card?

Just so you know, in society, black cards are known as the credit cards of the sultans. That is, black cards are only owned by the elite or people who are very rich.

What are Black Cards?

Quoted by VOI from the Gobankingrates page, black cards are high-end, high-value credit cards that are only issued to certain circles.

The bank only chooses a few high-end customers to be able to have a black card. This credit card is issued by the bank as a form of appreciation to customers who are financially committed, either in saving money at the issuing bank, investing in financial institutions, or spending their credit card in a year.

One of the banks that can issue a sultan credit card such as the Black Card is American Express (Amex) or its official name is the American Express Centurion Card.

The exclusive black card credit card is coated in titanium with a luxurious and elegant design that weighs up to 14 grams. In addition, there is also a black card made with black stainless steel weighing 22 grams which has been patented.

Requirements to Have a Black Card Issued by American Express

Customers who are invited by the bank to have an Amex black card are usually confidential. This makes customers increasingly challenged to become black card owners.

Customers who have the potential to get a black card from a bank are those who have an expenditure of IDR 3.5 billion to IDR 6 billion per year.

In addition, customers who have a black card must pay a membership fee of IDR 143 million with a fee of IDR 71 million per year. Therefore, not everyone can have a black card.

The owners of black cards are usually artists or entrepreneurs who earn very high incomes.

The requirements for having an Amex Black Card include:

• The customer has used other types of Amex cards for transaction activities.
• Have been an American Express customer within one year.
• Customers must have expenses of IDR 3.5-6 billion per year.

Requirements for having a black card issued by a domestic banking company

Illustration. (Freepik)

For additional information, several banking companies in Indonesia also issue black cards. They are Bak Central Asia (BCA), Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), and Bank Mandiri.

The following are the requirements for having a black card from each of these banking companies:

1. Requirements to have a Bank Central Asia Black Card

BCA Black Card holder customers can make transactions with a limit of IDR 5-IDR 450 million per month. The annual fee charged to customers is IDR 450 thousand. The requirements for having a black card from a BCA bank are:

• Have a minimum income of IDR 3 million per month
• Minimum age 21 years and maximum 65 years
• Indonesian Citizens and Foreign Citizens
• Prospective customers are not required to have a credit card

2. Requirements to have a Bank Rakyat Indonesia Black Card

BRI's black card bank has a limit of IDR 25-149.9 million. Ways to have a BRI bank black card include:

• Visit the nearest BRI branch office.
• Make a black card credit card application.
• Submit files and requirements to the officer.
• Choose the black card product you want.
• The bank will send a black card to your house if you pass the verification.

3. Requirements to have a Bank Negara Indonesia Black Card

BNI's black card has a limit of IDR 49 million-IDR 1 billion. The requirements for having a BNI Black Card are:

• Have a minimum income of IDR 36 million per year.
• Minimum age 21 years and maximum 65 years.

4. Requirements for having a Bank Mandiri Black Card

Bank Mandiri's black card has a limit of IDR 500 million-2 billion. The requirements for getting a Black Card from Bank Mandiri are:

• Has been registered as a customer of Bank Mandiri Priority Private Banking segment with a minimum managed fund of more than IDR 20 billion
• Received a recommendation from the Wealth Management Group (the group managing Bank Mandiri Prioritas.
• Domiciled or working in the marketing area of ​​Bank Mandiri
• Minimum income must be in accordance with the amount of funds managed by Private Banking customers
• Prospective customers are not included in the AKKI and or BI SID black list
• Fill out emergency contacts who have family relationships
• Minimum age 21 years and maximum 70 years

This is information about what a black card is and its requirements. Hope it would be useful!