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The Visa Black Card is one of the most prestigious credit cards out there. It offers attractive perks such as redeemable reward points where you receive one point for every dollar spent. You also get other perks such VIP passes as high credit limits that range between $5,000 and $25,000. You also get round-the-clock concierge services

By now you probably already know that acquiring a Visa Black Card is no easy feat. However, there are a few things you need to achieve if you want to acquire one of those cards. Here are some of the things you need to qualify to secure this elusive card.

  • A high income

Many credit card companies always assess a card applicant’s income level before issuing a credit card. The level of credit provided is thus determined by the applicant’s salary level so that they will be able to repay their credit card debt without problems. If your credit card limit is around $20,000 to $25,000, then your income should obviously be high.

  • A $495 annual fee

A Visa Black Card attracts a hefty $495 annual fee, which means that you should be comfortable parting with such an amount in exchange for the long list of perks that the card offers. Make sure your salary is high enough that you are not worried about such a high fee.

  • Heavy usage and repayment

As noted earlier, this card is not just given to anyone. You might not qualify even if you have a high income if you do not meet all the qualifications. Another key consideration is the frequency of card purchases and prompt repayment. If you have a history of heavy credit card usage and timely repayment of your credit debt, then you become eligible assuming you have a high salary.

  • High FICO Score (720+)

Having a high score on the FICO index, say at 720 or higher also puts you on the list of individuals that qualify for a Visa Black Card. A high FICO score is a good indicator of responsible credit card use and timely credit card debt repayment.