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.

NAB Premium Card - Exclusive Offer

0% p.a. for 24 months on balance transfers
Exclusive to finder.com.au

Offer ends 1 October 2017

Eligibility criteria, terms and conditions, fees and charges apply

Exclusive to finder.com.au - NAB Credit Card Offer

The NAB Premium Card features a range of platinum benefits and a long-term balance transfer offer exclusive to finder.com.au

  • 0% p.a. on balance transfers for 24 months on a new NAB Premium Card. BT reverts to cash advance rate (currently 21.74% p.a.)
  • No balance transfer fee when BT requested upon application.
  • Receive seven complimentary insurance covers including overseas travel insurance, plus, access to the 24/7 NAB Concierge Service.
  • Must apply through finder.com.au to take advantage of this offer.
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Compare Platinum, Gold and Black credit cards for High Income Earners

Rates last updated September 26th, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
0
0
19.74% p.a.
$90 p.a.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
HSBC Platinum Credit Card
1
0
19.99% p.a.
$99 p.a.
Take advantage of a 0% p.a. for 22 months on balance transfers offer with a 2% balance transfer fee.
St.George Vertigo Platinum
0
0
12.74% p.a.
$99 p.a.
Take advantage of a 0% p.a. for 24 months on balance transfers offer with 2% balance transfer fee.
HSBC Platinum Qantas Credit Card
60,000 bonus points
1
19.99% p.a.
$199 p.a.
Enjoy complimentary membership to the Qantas Frequent Flyer program and international travel insurance.
ANZ Platinum Credit Card - Exclusive Offer
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)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer fee.
NAB Rewards Platinum Card
50,000 bonus points
1
19.99% p.a.
$195 p.a.
Earn double reward points when the minimum required spend is met and enjoy 0% p.a. on balance transfers for 6 months.
Citi Rewards Platinum Credit Card
1
0
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Apply by 30 September 2017 to enjoy a long-term balance transfer offer of 0% p.a. for 24 months with a 1.5% balance transfer fee.
Bankwest Breeze Platinum Mastercard
0
0
0% p.a. for 13 months (reverts to 12.99% p.a.)
$99 p.a.
Receive complimentary international travel insurance, extended warranty cover and 0% foreign transaction fees.
American Express Velocity Platinum Card
50,000 bonus points
0
1.5
20.74% p.a.
$375 p.a.
Receive a complimentary Virgin Australia return Economy domestic flight each anniversary year and complimentary travel insurance.
Citi Platinum Credit Card - 100k Bonus Points
100,000 bonus points
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 Reward Points, take advantage of a long-term balance transfer offer and receive complimentary travel insurance.
NAB Low Rate Platinum Card
13.99% p.a.
$100 p.a.
Take advantage of a 0% p.a. for 16 months on balance transfers. Plus, the protection of 7 complimentary insurances.
Bendigo Bank Platinum Rewards Mastercard
1.5
0
19.99% p.a.
$89 p.a.
Get rewarded for every $1 spent on eligible purchases and balance transfers. Plus, enjoy a range of premium benefits.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0.66
0% p.a. for 12 months (reverts to 20.74% p.a.)
$129 p.a.
Until 31 October 2017, save with 0% p.a. on purchases for 12 months. Plus, up to 0.66 Velocity Points per $1 spent.
ANZ Low Rate Platinum
11.49% p.a.
$99 p.a.
Enjoy platinum benefits with exclusive discounts, complimentary travel and purchase insurances and a 24/7 personal concierge.
American Express Explorer® Credit Card
100,000 bonus points
2
20.74% p.a.
$395 p.a.
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.
Bank of Melbourne Amplify Platinum
40,000 bonus points
1
0
19.49% p.a.
$99 p.a.
Earn 1 Amplify Rewards Point per $1 spent and receive complimentary travel insurance and purchase protection.
CUA Platinum Credit Card
1
0
19.99% p.a.
$0 p.a. annual fee for the first year ($149 p.a. thereafter)
Collect 1 CUA Rich Life Rewards point per $1 spent, plus receive complimentary travel and purchase protection insurances.
Suncorp Clear Options Platinum Credit Card - Exclusive Offer
1.25
20.74% p.a.
$99 p.a. annual fee for the first year ($129 p.a. thereafter)
Exclusive to finder, receive a long-term, no fee balance transfer and earn up to 1.25 Suncorp Rewards Points per $1 spent.
ANZ Rewards Platinum
50,000 bonus points
1.5
18.79% p.a.
$0 p.a. annual fee for the first year ($95 p.a. thereafter)
Receive complimentary insurance including travel and medical, purchase security and extended warranty insurance.
ANZ Rewards Travel Adventures card
40,000 bonus points
1.5
20.24% p.a.
$225 p.a.
Pay no overseas transaction fee on purchases, plus a free domestic return flight and lounge passes each year when you meet the criteria.

Compare up to 4 providers

Rates last updated September 26th, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
American Express Gold Business Card
10,000 bonus points
0
1
$169 p.a.
Take advantage of no pre-set spending limit, data that feeds to MYOB accounting software and up to 51 days interest-free on purchases.

Compare up to 4 providers

Rates last updated September 26th, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
ANZ Frequent Flyer Black
75,000 bonus points
1
19.99% p.a.
$0 p.a. annual fee for the first year ($425 p.a. thereafter)
Earn 75 Bonus Status Credits when you apply by 31 October 2017, buy and fly return with Qantas by 28 February 2018.
Citi Prestige Card
150,000 bonus points
3
20.99% p.a.
$700 p.a.
Get access to 700 domestic and international airport lounges and 1 complimentary night stay per year at of the premium partner hotels.
ANZ Rewards Black Credit Card
75,000 bonus points
2
18.79% p.a.
$0 p.a. annual fee for the first year ($375 p.a. thereafter)
Receive complimentary overseas travel insurance and unlimited access to participating Véloce airport lounges outside of Australia.
American Express Explorer® Credit Card
100,000 bonus points
2
20.74% p.a.
$395 p.a.
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.

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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NAB Premium Card - Exclusive Offer
NAB Premium Card - Exclusive Offer

Interest rate

19.74

Annual fee

90
Qantas American Express Ultimate Card
Qantas American Express Ultimate Card

Interest rate

20.74

Annual fee

450
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99
NAB Low Rate Credit Card
NAB Low Rate Credit Card

Interest rate

13.99

Annual fee

59

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