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.

Credit cards for high-income earners

Rates last updated December 7th, 2016.

American Express Platinum Edge Credit Card

Standard 10,000 bonus points offer + 0% for 12 months BT offer + $200 Travel Credit

November 1st, 2016

American Express Qantas Ultimate Card

New offer of 100,000 bonus Qantas Points + extended 0% for 12 months BT offer until 30 January 2017

November 15th, 2016

ANZ Frequent Flyer Black

75,000 bonus points extension with $2,500 minimum spend + annual fee waiver for the first year.

November 29th, 2016

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Min credit limit Max credit limit Minimum Income
Citi Qantas Signature Credit Card
Citi Qantas Signature Credit Card
20.99% p.a. 0% p.a. for 6 months $199 p.a. annual fee for the first year ($395 p.a. thereafter) $15,000 $100,000 $75,000 Go to site More info
David Jones American Express Platinum Card - Qantas Rewards
David Jones American Express Platinum Card - Qantas Rewards
20.74% p.a. $295 p.a. $2,000 $65,000 Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
20.74% p.a. 1.9% p.a. for 15 months $144 p.a. annual fee for the first year ($289 p.a. thereafter) $15,000 $75,000 Go to site More info
ANZ Frequent Flyer Black
ANZ Frequent Flyer Black
19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) $15,000 $75,000 Go to site More info
Emirates Citi World MasterCard
Emirates Citi World MasterCard
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) $15,000 $100,000 $75,000 Go to site More info
David Jones American Express Platinum Card
David Jones American Express Platinum Card
20.74% p.a. $295 p.a. $2,000 $65,000 Go to site More info
Citi Rewards Credit Card - Signature
Citi Rewards Credit Card - Signature
20.99% p.a. 0% p.a. for 6 months $199 p.a. annual fee for the first year ($395 p.a. thereafter) $15,000 $100,000 $75,000 Go to site More info
American Express Velocity Platinum Card
American Express Velocity Platinum Card
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $349 p.a. $3,000 $100,000 $65,000 Go to site More info
American Express Platinum Business Card
American Express Platinum Business Card
$1,500 p.a. $75,000 Go to site More info
American Express Platinum Edge Credit Card
American Express Platinum Edge Credit Card
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. $3,000 $50,000 $50,000 Go to site More info
American Express Qantas Ultimate Card
American Express Qantas Ultimate Card
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. $3,000 $100,000 $65,000 Go to site More info
American Express Platinum Card
American Express Platinum Card
$1,200 p.a. $100,000 Go to site More info
Westpac Altitude Black - Exclusive Offer
Westpac Altitude Black - Exclusive Offer
20.24% p.a. $395 p.a. $15,000 $75,000 $75,000 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 Select Credit Card

The Citi Select 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 Select 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 600 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 Essential Credit Card
American Express Essential Credit Card

Interest rate

14.99

Annual fee

0
ME Bank frank Credit Card
ME Bank frank Credit Card

Interest rate

11.99

Annual fee

0
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149

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