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High Minimum Income Credit Cards – Credit Card Deals for High Income Earners

What credit card options are out there for high-income earners?

A broad overview of the high-income earners' credit card options should furnish you with the details you need to pinpoint and choose the one that is most appealing to you, and your lifestyle. Not all high-income earners live or spend the same, and the credit card companies don't just make the same rates and deals just based on your net worth, and it would be naïve to assume you choose credit cards the same way. People are unique and live, spend, work, and travel differently.

Some of the companies that make credit cards for high-income earners include ANZ, NAB, and Woolworths. Virtually every major bank makes credit cards for people that earn a significantly higher income.

Compare Platinum, Gold and Black credit cards for High Income Earners

Rates last updated August 25th, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
American Express Platinum Card
150,000 bonus points
Membership Rewards Ascent Premium
2.25
N/A
$1,450 p.a.
Get up to 150,000 bonus points, a $450 annual Platinum Travel Credit, dedicated personal service and luxury travel perks.Ends 28 August 2019.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
75,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 75,000 bonus Velocity Points and save with a $64 first year annual fee. Plus, a long-term balance transfer offer.
St.George Amplify Platinum - Qantas
60,000 bonus points
Qantas Frequent Flyer
0.5
19.74% p.a.
$99 p.a.
Earn 60,000 bonus Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas points per $1 spent.
Latitude 28° Global Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes, global wifi access and a concierge service.
St.George Vertigo Platinum
12.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Features a long-term 0% balance transfer offer, $49 first year annual fee and access to a 24/7 personal concierge service.
Suncorp Clear Options Platinum Credit Card - Exclusive Offer
Suncorp Bank Rewards Program
1.25
20.74% p.a.
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Finder Exclusive ends 31 August 2019:
Save with a 0% balance transfer offer and a $49 first year annual fee when you apply online.
Westpac Altitude Platinum Card - Qantas
60,000 bonus points
Qantas Frequent Flyer
0.5
20.49% p.a.
$200 p.a.
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, complimentary insurances and a personal concierge.
NAB Qantas Rewards Signature Card
120,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect up to 120,000 bonus Qantas Points. Get 90,000 when you spend $3,000 on eligible purchases in the first 60 days and 30,000 after 12 months.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
30,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$50 p.a.
Save with an ongoing $50 annual fee and 0% balance transfer offer. Plus, the ability to earn up to 30,000 bonus Velocity Points in the first 3 months.
HSBC Platinum Credit Card - Balance Transfer Offer
HSBC Rewards Plus
1
19.99% p.a.
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
Latitude Infinity
Latitude Infinity Rewards
1
20.69% p.a.
$69 p.a.
Earn an uncapped 1.00 Latitude Infinity Reward point per dollar with no expiry, plus get up to 55 days interest-free on purchases.
American Express Velocity Platinum Card
50,000 bonus points
Velocity Frequent Flyer
1.25
20.74% p.a.
$375 p.a.
Get 50,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
BOQ Platinum Visa Credit Card
1,000 bonus points
Q Rewards
2
20.74% p.a.
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
Enjoy 1,000 bonus Q Rewards points monthly when you meet the spend requirement, a 12-month balance transfer offer and $0 first year annual fee.
American Express Qantas Business Rewards Card
120,000 bonus points
Qantas Business Rewards
1.25
N/A
$450 p.a.
Get 120,000 bonus Qantas Points, 3x points on eligible Qantas flights and 2 yearly lounge passes. ABN required.
St.George Amplify Signature - Qantas
90,000 bonus points
Qantas Frequent Flyer
0.75
19.74% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Get 90,000 bonus Qantas Points when you spend $4,000 in 90 days and 2 complimentary Qantas Club lounge invitations per year.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Velocity Frequent Flyer
0.66
0% for 14 months, reverts to 20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Enjoy 0% p.a. interest on purchases for 14 months, a reduced first year annual fee and Velocity Points per $1 spent.
Citi Rewards Platinum Credit Card - Exclusive Offer
Citi Rewards Program
1
0% for 13 months, reverts to 20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
HSBC Platinum Credit Card
HSBC Rewards Plus
1
0% for 12 months, reverts to 19.99% p.a.
$129 p.a.
0% p.a. on purchases and balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
Citi Clear Platinum Credit Card
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
HSBC Platinum Qantas Credit Card
Qantas Frequent Flyer
1
19.99% p.a.
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Save with a $0 first year annual fee and a long-term balance transfer offer. Plus, complimentary travel insurance.

Compare up to 4 providers

Rates last updated August 25th, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
American Express Gold Business Card
Membership Rewards Ascent
1.5
N/A
$169 p.a.
This business charge card features no pre-set spending limit, data that feeds to MYOB and up to 51 days interest-free on purchases.

Compare up to 4 providers

Rates last updated August 25th, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
St.George Amplify Signature - Qantas
90,000 bonus points
Qantas Frequent Flyer
0.75
19.74% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Get 90,000 bonus Qantas Points when you spend $4,000 in 90 days and 2 complimentary Qantas Club lounge invitations per year.
Qantas American Express Ultimate Card
55,000 bonus points
Qantas Frequent Flyer
1.25
20.74% p.a.
$450 p.a.
Get 55,000 bonus Qantas Points. Plus, a $450 Qantas Travel Credit and 2 complimentary Qantas Club lounge invitations per year.
Westpac Altitude Black - Qantas
80,000 bonus points
Qantas Frequent Flyer
0.75
20.49% p.a.
$300 p.a.
Earn 80,000 bonus Qantas Points when you meet the spend requirement. Plus, 2 yearly Qantas Club lounge invitations.
American Express Westpac Altitude Black Bundle - Qantas
120,000 bonus points
Qantas Frequent Flyer
1.25
0.75
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)

$499 p.a.
Up to 120,000 bonus Qantas Points with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex). T&Cs apply.
Westpac Altitude Black
80,000 bonus points
Westpac Altitude Rewards
1.25
20.49% p.a.
$250 p.a.
Earn 80,000 bonus Altitude Points when you meet the spend requirement. Plus, 2 yearly Priority Pass lounge invitations.
American Express Westpac Altitude Black Bundle
120,000 bonus points
Westpac Altitude Rewards
3
1.25
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)

$449 p.a.
Up to 120,000 bonus Altitude Points with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex). T&Cs apply.
Citi Prestige Card
150,000 bonus points
Citi Rewards Program
3
20.99% p.a.
$700 p.a.
Enjoy 150,000 bonus reward Points, unlimited airport lounge access, complimentary insurance covers and more.
Westpac Altitude Black - Velocity
80,000 bonus points
Velocity Frequent Flyer
0.75
20.49% p.a.
$300 p.a.
Collect 80,000 bonus Velocity Points when you meet the spend requirement. Plus, complimentary seat upgrades and lounge passes.

Compare up to 4 providers

Before looking into the detailed features of credit cards for high-income earners, it’s helpful to get a list of cards. This list can be used when you’re researching them online or for storing as a general reference tool. You can refer to it again and again as you research.

Platinum is a term used frequently for credit cards targeted to high-income earners. Platinum is a term that denotes a value above gold and silver and is more substantial and longer lasting as a metal. The word is frequently applied to high-level credit cards.

As you can see, the competition is pretty stiff for providing credit cards to high-income earners. Some companies have several cards for the same type of earner. This is a highly targeted demographic.

What are some basic averages?

The average purchase rate is at around 20%. The average balance transfer rate is between 3%-5%. The balance transfer period usually lasts 6 months, but it can last up to a year. And the average annual fee is pretty steep at $500.

Taking a look at a sample card, the Citi Prestige Credit Card

The Citi Prestige Credit Card is a good representative sample of what all the credit cards for high-income earners offer. The bank has chosen to advertise it selectively to credit card consumers, giving it a competitive advantage.

The Citi Prestige Credit Card gives you points for every dollar spent, and the points never expire. There are travel, airline, and hotel partners that help you maximise your travelling experience. You also get access to over 800 VIP airport lounges worldwide, something that other credit cards don't offer. You'll be able to enhance your luxury lifestyle experience with distinct rewards programs tailored to your luxury lifestyle.
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