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

Earn bonus Qantas Points with Citi Qantas Signature credit card, enjoy 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 February 26th, 2017
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
NAB Premium Card
Enjoy an introductory rate of 0% p.a. for 24 months on balance transfers, plus enjoy platinum advantages including travel insurance, higher credit limits and VIP Lost Card Cover.
0 0 $90 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
0 1 $149 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0 0 $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 bonus Velocity Points in the first 3 months plus enjoy a low 0% p.a. for 18 months on balance transfers. Plus receive a free Virgin Australia $129 Gift Voucher each year.
0 0.66 $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
Citi Rewards Credit Card - Platinum Card
Consolidate your debt with a balance transfer offer of 0% p.a. for 24 months and a host of platinum privileges to enjoy including 1.25 Reward Points per $1 spent and complimentary insurance.
0 1.25 $49 p.a. annual fee for the first year ($149 p.a. thereafter) Go to site More info
ANZ Frequent Flyer Black
Earn 75,000 bonus Qantas Points after you spend $2,500 on eligible purchases within the first 3 months plus enjoy $0 annual fee for the first year. Plus, enjoy easy payments with Apple Pay.
1.5 0.75 75,000 bonus points $0 p.a. annual fee for the first year ($425 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
0 1 60,000 bonus points $199 p.a. Go to site More info
American Express Qantas Ultimate Card
Enjoy up to 50,000 bonus Qantas Points on eligible spend, earn up to 3 Qantas Points per $1 spent and get a free domestic return flight every year.
1 0 50,000 bonus points $450 p.a. Go to site More info
NAB Low Rate Platinum Card
Offers a low introductory rate of 0% p.a. on balance transfers for 18 months plus enjoy premium benefits including international travel insurance.
$100 p.a. Go to site More info
American Express Explorer Credit Card
Receive 50,000 Membership Rewards Bonus Points on eligible spend within the first 3 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
2 50,000 bonus points $395 p.a. Go to site More info
ANZ Low Rate Platinum
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
$99 p.a. Go to site More info
ANZ Frequent Flyer Platinum
Receive 50,000 Qantas Points when you spend $2,500 on eligible purchases for the first three months, take advantage of the waived annual fee for the first year. Plus, enjoy complimentary insurances and earn up to 1.5 Qantas Points per $1 spent.
1.5 0.5 50,000 bonus points $0 p.a. annual fee for the first year ($295 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
An interest-free offer on purchases and balance transfers. Earn Velocity Points on everyday spend.
0 0.66 $129 p.a. Go to site More info
American Express Velocity Platinum Card
Enjoy up to 50,000 bonus Velocity Points when you meet the minimum required spend and earn up to 3 rewards points per dollar spent. Also receive a complimentary return flight every year.
1 0 50,000 bonus points $349 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive up to 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
0 1 30,000 bonus points $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
ANZ Rewards Platinum
Enjoy accelerated points earning and great Platinum features with ANZ Rewards Platinum. You'll also receive 50,000 Reward Points after your first eligible purchase is made within 3 months of card approval.
2 1 50,000 bonus points $95 p.a. Go to site More info
American Express Platinum Edge Credit Card
Receive 5,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy a $200 travel credit every year and get 0% p.a. for 12 months on balance transfers.
1 0 5,000 bonus points $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
ANZ Rewards Travel Adventures card
Pay no overseas transaction fee on purchases and receive complimentary domestic return flight and lounge passes each year you hold the card when you spend $500 on eligible purchases within the first three months.
2 1 $225 p.a. Go to site More info
Citi Clear Platinum Card
Platinum benefits including Visa Concierge service and extended warranty insurance. Also enjoy a low interest rate on purchases.
0 0 $99 p.a. Go to site More info
David Jones American Express Platinum Card
Receive 40,000 Membership Rewards points or 30,000 Qantas Points and earn up to 4 rewards point per $1 spend. Also enjoy complimentary travel insurance and transferring points into various frequent flyer programs.
1 40,000 bonus points $295 p.a. Go to site More info
Rates last updated February 26th, 2017
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
American Express Gold Business Card
Enjoy 24-hour worldwide service plus a great range of tailored expense management solutions designed to help maintain control of your corporate expenses.
1 0 10,000 bonus points $169 p.a. Go to site More info
NAB Rewards Platinum Card
Enjoy 80,000 bonus points when you spend $2,500 on everyday purchases within 90 days from card approval. Benefit from $0 annual fee for the first year and a range of platinum features.
1 80,000 bonus points $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
Commonwealth Bank Business Gold Awards Credit Card
A business credit card with a range of complimentary insurances and up to 2 Awards points per $1 spent on purchases.
2 1 $150 p.a. Go to site More info
Rates last updated February 26th, 2017
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
Westpac Altitude Black - Bonus Points Offer
Earn 100,000 bonus points when you apply online, get approved and spend $5,000 on eligible purchases, choose between two reward programs offering (Altitude or Qantas Rewards) and receive premium cardholder benefits.
3 1.25 100,000 bonus points $395 p.a. Go to site More info
ANZ Frequent Flyer Black
Earn 75,000 bonus Qantas Points after you spend $2,500 on eligible purchases within the first 3 months plus enjoy $0 annual fee for the first year. Plus, enjoy easy payments with Apple Pay.
1.5 0.75 75,000 bonus points $0 p.a. annual fee for the first year ($425 p.a. thereafter) Go to site More info
Citi Prestige Card
Receive 70,000 bonus points on your first spend and a low interest rate on balance transfers.
2 70,000 bonus points $700 p.a. Go to site More info
American Express Qantas Ultimate Card
Enjoy up to 50,000 bonus Qantas Points on eligible spend, earn up to 3 Qantas Points per $1 spent and get a free domestic return flight every year.
1 0 50,000 bonus points $450 p.a. Go to site More info
ANZ Rewards Black Credit Card
Earn 75,000 Reward Points after your first eligible purchase within the first 3 months. Up to 3 Reward Points per dollar spent and unlimited access to airport lounges with complimentary travel insurance.
3 1.25 75,000 bonus points $375 p.a. Go to site More info
American Express Explorer Credit Card
Receive 50,000 Membership Rewards Bonus Points on eligible spend within the first 3 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
2 50,000 bonus points $395 p.a. Go to site More info

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.

Back to top
Was this content helpful to you? No  Yes

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

Interest rate

19.74

Annual fee

87
American Express Essential Credit Card
American Express Essential Credit Card

Interest rate

14.99

Annual fee

0
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback