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.

Citi Qantas Signature Credit Card

Citi Credit Card Offer

Enjoy bonus Qantas Points with Citi Qantas Signature Credit Card, an introductory balance transfer offer, a discounted annual fee plus a complimentary travel insurance.

  • $199 p.a. annual fee for the first year ($395 p.a. thereafter) annual fee
  • 20.99% p.a. on purchases
  • 0% p.a. for 6 months on balance transfers
  • Cash Advance Rate of 21.74% p.a.
  • Up to 55 days interest free
  • Minimum Income Requirement of $75,000 p.a.

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

Rates last updated June 25th, 2017
Name Product Product Description Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee
NAB Rewards Platinum Card
Collect 50,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
50,000 bonus points
1
19.99% p.a.
$195 p.a.
Citi Rewards Platinum Credit Card
Enjoy a long-term balance transfer offer of 0% p.a. for 24 months with a 1.5% p.a. balance transfer fee.
1
0
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
HSBC Platinum Credit Card
Take advantage of a 0% p.a. for 22 months on balance transfers offer with a 2% p.a. balance transfer fee.
1
0
19.99% p.a.
$99 p.a.
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent on eligible transactions within the first 3 months.
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
NAB Premium Card
Platinum credit card benefits including higher credit limits and travel insurance, plus a low interest rate on balance transfers.
0
0
19.74% p.a.
$90 p.a.
ANZ Platinum Credit Card - Exclusive Offer
Receive 0% p.a. for 12 months on balance transfers and 0% p.a. on purchases for 3 T&Cs apply.
0
0
0% p.a. for 3 months (reverts to 19.74% p.a.)
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
HSBC Platinum Qantas Credit Card
Enjoy complimentary membership to the Qantas Frequent Flyer program and international travel insurance.
60,000 bonus points
1
0
19.99% p.a.
$199 p.a.
NAB Low Rate Platinum Card
Take advantage of a 0% p.a. for 16 months on balance transfers.
13.99% p.a.
$100 p.a.
American Express Explorer® Credit Card
Get a $400 travel voucher every year, complimentary airline lounge passes and several travel insurances.
50,000 bonus points
2
20.74% p.a.
$395 p.a.
Qantas American Express Ultimate Card
Receive complimentary insurance covers, airport lounge passes, and a complimentary return flight each year.
55,000 bonus points
1.5
20.74% p.a.
$450 p.a.
ANZ Low Rate Platinum
Enjoy platinum benefits with exclusive discounts, complimentary travel insurance and a 24/7 personal concierge.
11.49% p.a.
$99 p.a.
St.George Vertigo Platinum
Take advantage of a 0% p.a. for 20 months on balance transfers offer with no balance transfer fee.
0
0
12.74% p.a.
$99 p.a.
American Express Velocity Platinum Card
Receive a complimentary Virgin Australia return domestic flight every year and complimentary Virgin Australia Lounge access.
100,000 bonus points
0
1.5
20.74% p.a.
$375 p.a.
ANZ Rewards Platinum
Receive complimentary insurance including travel and medical, purchase security and extended warranty insurance.
50,000 bonus points
1.5
18.79% p.a.
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive 0% p.a. for 12 months on purchases and 0% p.a. for 6 months on balance transfers.
0.66
0% p.a. for 12 months (reverts to 20.74% p.a.)
$129 p.a.
ANZ Rewards Travel Adventures card
Pay no overseas transaction fee on purchases, plus receive a complimentary domestic return flight and lounge passes each year when you meet the criteria.
1.5
20.24% p.a.
$225 p.a.
Bankwest Zero Platinum Mastercard
Pay no foreign transaction fees and receive complimentary international credit card travel insurance.
0
0
17.99% p.a.
$0 p.a.
NAB Velocity Rewards Premium Card
Enjoy complimentary insurance covers plus 0% p.a. on balance transfers for 6 months.
0.5
1
19.99% p.a.
$150 p.a.
Citi Clear Platinum
Platinum benefits including Visa Concierge service and extended warranty insurance. Also enjoy a low interest rate on purchases.
0
0
14.99% p.a.
$99 p.a.
David Jones American Express Platinum Card
Receive exclusive David Jones benefits including complimentary priority delivery and invites to VIP fashion events.
40,000 bonus points
1
20.74% p.a.
$295 p.a.

Compare up to 4 providers

Rates last updated June 25th, 2017
Name Product Product Description Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee
American Express Gold Business Card
Keep track of your expenses with a dedicated business credit card. Your account details can be uploaded to help with BAS reporting.
10,000 bonus points
0
1
$169 p.a.

Compare up to 4 providers

Rates last updated June 25th, 2017
Name Product Product Description Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee
ANZ Frequent Flyer Black
Earn 75 Bonus Status Credits when you apply by 30 September 2017, buy and fly return with Qantas by 31 January 2018.
75,000 bonus points
1
19.99% p.a.
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
Citi Prestige Card
Get access to 700 domestic and international airport lounges worldwide and 1 complimentary night stay per year at of the premium partner hotels.
70,000 bonus points
3
20.99% p.a.
$700 p.a.
Qantas American Express Ultimate Card
Receive a complimentary domestic return flight every year and complimentary medical emergency expense cover.
55,000 bonus points
1.5
20.74% p.a.
$450 p.a.
ANZ Rewards Black Credit Card
Receive complimentary overseas travel and medical insurance and unlimited access to participating Véloce airport lounges outside of Australia.
75,000 bonus points
2
18.79% p.a.
$0 p.a. annual fee for the first year ($375 p.a. thereafter)
American Express Explorer® Credit Card
Receive a $400 travel voucher and two complimentary American Express Lounge passes each year.
50,000 bonus points
2
20.74% p.a.
$395 p.a.
Bendigo Bank Basic Black Credit Card
A no-frills card that allows you to receive up to 44 interest-free days on purchases and add an additional cardholder for $0.
0
0
12.24% p.a.
$45 p.a.

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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American Express Velocity Platinum Card
American Express Velocity Platinum Card

Interest rate

20.74

Annual fee

375
ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

87
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99

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