Top 5 Black Owned Credit Card Companies

Support Black-owned credit companies by opening a Visa or Mastercard, whether it be a rewards card to a secured card to build credit.
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In the quest for financial empowerment and supporting Black-owned banks, exploring credit card options from Black-owned credit card companies has gained momentum.

These companies not only offer competitive financial products but also contribute to closing the racial wealth gap and fostering economic growth within the Black community.

Top 5 Black-Owned Credit Card Companies

  • Minimum deposit: $300
  • Rates: 17.99% APY
  • Annual Fee: $39.99
  • Security Deposit: FDIC insured
  • Reports To: Experian, Transunion, Equifax
  • Full OneUnited Bank Review
  • Convenient and Flexible Purchasing Power
  • Mobile purchasing capability for added convenience
  • Zero Fraud Liability
  • Cardmember Service is available 24 hours a day/365 days per year.
  • Full Carver Bank Review


  • Rates: 9.96% APY
  • Annual Fee: $30.00
  • No balance transfer fee
  • Usable for purchases wherever Visa® is accepted
  • Rewards Platinum Visa®
  • Cash Rewards Platinum Visa®
  • Platinum Edition Visa®
  • Secured Platinum Visa®
  • Visa® Signature
  • Visa® Classic Secured ®
  • VISA® Privilege
  • VISA® Prestige Elite

How Black-Owned Credit Cards Help The Community

Opening a credit card product at a Black-owned bank supports the bank and the local Black community in several ways:

1. Support for the Bank: Increased Revenue & Capital: Credit card usage generates revenue for the bank through interest, interchange fees, and annual fees. This additional income allows the bank to expand its operations, offer more products and services, and invest in technology and infrastructure.

2. Customer Base Growth: Attracting new customers through credit card offerings helps the bank grow its customer base, which is essential for its long-term stability and success.

3. Enhanced Reputation & Brand: A successful credit card product can improve the bank’s reputation and brand image, leading to increased trust and confidence from customers and investors.

4. Economic Empowerment: Black-owned banks are more likely to lend to Black-owned businesses and individuals who may face challenges accessing credit from mainstream banks. The revenue generated from credit card products can be used to provide loans and financial services that stimulate economic growth within the Black community.

5. Job Creation: As the bank grows, it creates job opportunities within the community, contributing to reduced unemployment rates and increased financial stability.

6. Community Investment: Black-owned banks often prioritize reinvestment in their communities through initiatives such as financial literacy programs, affordable housing projects, and support for local businesses. The revenue from credit card products can contribute to these efforts.

7. Representation & Role Models: The success of Black-owned banks and their financial products can inspire and empower others within the community, demonstrating that achieving financial success and building wealth are possible.

Final thoughts

Choosing to open a credit card product at a Black-owned bank is not only a financially sound decision but also a meaningful way to support the economic advancement and empowerment of the Black community.
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