VIP credit cards – Australia’s prestige credit cards

From premium rewards to travel perks and cards literally made of metal, compare the features and perks of some of the most exclusive credit cards in Australia.

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If you regularly pay with plastic, a prestige credit card could offer you both the features you need and the luxury perks you want. From airport lounge passes and travel credit to hotel upgrades and dedicated 24/7 concierge services, these exclusive cards are designed to complement the lifestyles of big spenders.

What is a prestige credit card?

A prestige credit card offers extra features, premium perks and larger credit limits than other cards – and comes at a higher cost. Platinum and black credit cards are considered prestige credit card options in Australia.

The eligibility requirements for these cards typically corresponds to their costs, with minimum income requirements starting at $75,000. Successful prestige card applicants also tend to have high credit scores.

Compare Black, Platinum and credit cards made of metal

Updated February 25th, 2020
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee
American Express Westpac Altitude Black Bundle
190,000 bonus points
Westpac Altitude Rewards
Amex
3
Visa/MC
1.25
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)
$349 p.a. annual fee for the first year ($449 p.a. thereafter)
Up to 190,000 bonus Altitude Points with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex). T&Cs apply.
Qantas American Express Ultimate Card
100,000 bonus points
Qantas Frequent Flyer
Amex
1.25
20.74% p.a.
$450 p.a.
Get 100,000 bonus Qantas Points, a $450 Qantas Travel Credit and 2 yearly complimentary Qantas Club lounge invitations.
Westpac Altitude Black
150,000 bonus points
Westpac Altitude Rewards
Visa/MC
1.25
20.49% p.a.
$250 p.a.
Earn 150,000 bonus Altitude Points when you meet the spend requirement. Plus, 2 yearly Priority Pass lounge invitations.
Westpac Altitude Black - Velocity
80,000 bonus points
Velocity Frequent Flyer
Visa/MC
0.75
20.49% p.a.
$300 p.a.
Earn 80,000 bonus Velocity Points when you meet the spend requirement. Plus, complimentary seat upgrades and lounge passes.

Compare up to 4 providers

Updated February 25th, 2020
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
HSBC Rewards Plus
Visa/MC
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 28° Global Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
St.George Amplify Platinum - Qantas - Online Offer
60,000 bonus points
Qantas Frequent Flyer
Visa/MC
0.5
19.74% p.a.
$99 p.a.
Receive 60,000 bonus Qantas Points when you spend $2,000 within 90 days and a 0% balance transfer for 22 months.
St.George Vertigo Platinum
0% for 15 months, reverts to 12.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Features an introductory 0% p.a. purchase rate, $49 first year annual fee and complimentary travel insurance covers.
HSBC Platinum Qantas Credit Card
Qantas Frequent Flyer
Visa/MC
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.
Bankwest Breeze Platinum Mastercard
12.99% p.a.
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Get 0% interest on balance transfers for 26 months (with a 2% fee), complimentary travel insurance and no foreign transaction fees.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Velocity Frequent Flyer
Visa/MC
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.
BankSA Amplify Platinum - Qantas
60,000 bonus points
Qantas Frequent Flyer
Visa/MC
0.5
19.74% p.a.
$99 p.a.
Receive 60,000 bonus Qantas Points when you spend $2,000 within 90 days and earn up to 0.5 Qantas Points per $1 spent.
Bank of Melbourne Amplify Platinum - Qantas
60,000 bonus points
Qantas Frequent Flyer
Visa/MC
0.5
19.74% p.a.
$99 p.a.
Receive 60,000 bonus Qantas Points when you spend $2,000 within 90 days and earn up to 0.5 Qantas Points per $1 spent.
American Express Qantas Business Rewards Card
150,000 bonus points
Qantas Business Rewards
Amex
1.25
N/A
$450 p.a.
ABN holders w/ $75,000 revenue. Get 150,000 bonus Qantas Points, 3x points on eligible Qantas flights and 2 lounge passes each year.
American Express Westpac Altitude Platinum Bundle - Velocity
75,000 bonus points
Velocity Frequent Flyer
Amex
1
Visa/MC
0.5
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)
$200 p.a. annual fee for the first year ($249 p.a. thereafter)
Earn up to 75,000 bonus Velocity Points when you meet the criteria with this dual Mastercard (issued by Westpac) & Amex (issued by Amex).
Westpac Altitude Platinum Velocity - Online Offer
40,000 bonus points
Velocity Frequent Flyer
Visa/MC
0.5
20.49% p.a.
$200 p.a.
Receive 40,000 bonus Velocity Points when you spend $2,000 within 90 days. Plus, a 0% p.a. balance transfer and yearly upgrade vouchers.
Bank of Melbourne Amplify Platinum
Amplify Rewards
Visa/MC
1
19.74% p.a.
$99 p.a.
Get $400 e-gift gard when you spend $3,000 on eligible purchases within the first 90 days. Plus, complimentary travel insurance.
American Express Velocity Platinum Card
50,000 bonus points
Velocity Frequent Flyer
Amex
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.
Westpac Altitude Platinum Qantas - Online Offer
40,000 bonus points
Qantas Frequent Flyer
Visa/MC
0.5
20.49% p.a.
$200 p.a.
Get 40,000 bonus Qantas Points when you spend $2,000 within 90 days of approval. Plus, a 0% balance transfer and complimentary insurance.
David Jones American Express Platinum Card
30,000 bonus points
Qantas Frequent Flyer
Membership Rewards
Amex
1
20.74% p.a.
$295 p.a.
DJ's shoppers and Qantas travellers earn 30,000 bonus Membership Rewards Points or 15,000 Qantas Points on eligible spend.
American Express Westpac Altitude Platinum Bundle
110,000 bonus points
Westpac Altitude Rewards
Amex
2
Visa/MC
1
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)
$150 p.a. annual fee for the first year ($199 p.a. thereafter)
Collect up to 110,000 bonus Altitude Points when you meet T&Cs with Mastercard (issued by Westpac) & Amex (issued by Amex).
St.George Amplify Signature
200,000 bonus points
Amplify Rewards
Visa/MC
1.5
19.74% p.a.
$139 p.a. annual fee for the first year ($279 p.a. thereafter)
Up to 200,000 bonus Amplify Points (130k in the first year & 70k in the second year) when you spend $12k/year for the first 2 years.
American Express Platinum Card
80,000 bonus points
Membership Rewards Ascent Premium
Amex
2.25
N/A
$1,450 p.a.
Receive 80,000 bonus Membership Rewards Points, a $450 annual Platinum Travel Credit, dedicated personal service and luxury travel perks.
American Express Westpac Altitude Platinum Bundle - Qantas
75,000 bonus points
Qantas Frequent Flyer
Amex
1
Visa/MC
0.5
20.24% p.a. (AMEX)

20.49% p.a. (Visa/MC)
$200 p.a. annual fee for the first year ($249 p.a. thereafter)
Up to 75,000 bonus Qantas Points when you meet the criteria with this dual Mastercard (issued by Westpac) & Amex (issued by Amex).

Compare up to 4 providers

Updated February 25th, 2020
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee
Qantas Premier Titanium
150,000 bonus points
Qantas Frequent Flyer
Visa/MC
1.25
19.99% p.a.
$1,200 p.a.
Receive 150,000 bonus Qantas Points when you spend $5,000 in the first 90 days and earn 20% bonus Status Credits on eligible Qantas flights.
American Express Platinum Card
80,000 bonus points
Membership Rewards Ascent Premium
Amex
2.25
N/A
$1,450 p.a.
Receive 80,000 bonus Membership Rewards Points, a $450 annual Platinum Travel Credit, dedicated personal service and luxury travel perks.

Compare up to 4 providers

What are the pros and cons of prestige credit cards?

Pros

  • Rewards. Just about every prestige credit card comes linked to a rewards or frequent flyer program. These cards usually offer more competitive earn rates (points per $1 spent) than other cards, and high or no points caps. You can also expect a wide variety of redemption options when it comes to using your accumulated points for rewards.
  • Travel benefits. Many of these cards give you access to domestic and international airport lounges, as well as complimentary travel insurance. Other perks could include complimentary flights or travel credit, discounts or free nights at partner hotels and status upgrades for partner hotel loyalty programs. If you’re a regular jetsetter, these complimentary extras could help you cut the costs and up the luxury on your next trip.
  • Extras. Most prestige cards offer a 24/7 concierge service that you can call on for help with anything from travel to entertainment or business. As well as saving you time on tasks – such as booking a hotel or getting tickets to an event – the concierge could help you find out about the latest offers available through your credit card.

Cons

  • Annual fees. Prestige cards come with higher annual fees than other cards, so you’ll need to make sure the value of the benefits you use outweigh the card's costs.
  • Interest rates. Prestige cards also tend to charge higher rates, so only consider this type of card if you regularly repay your monthly balance in full and on time. The exception is prestige charge cards, which don't apply interest but require you to pay the full balance by the due date every month.
  • Exclusive. These cards come with stricter eligibility requirements (such as a higher minimum income and excellent credit history), limiting the number of people who are eligible to apply for them. Make sure you meet the requirements before you apply for any prestige card.

If you’re looking for a prestige card, consider whether or not you’ll make enough use of the perks to outweigh the cost of the card. If you are a regular spender who meets the eligibility requirements of a prestige card, it can be a smart way to get extra value from paying on plastic. But if that's not the case, you may be better off looking at other types of credit cards. As always, make sure you compare your options before applying so you can find a card that works for you.

Images: Shutterstock.

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2 Responses

  1. Default Gravatar
    BrentJuly 7, 2017

    Is there a metal credit card available in Australia that you can apply for?

    • Avatarfinder Customer Care
      RenchJuly 8, 2017Staff

      Hi Brent,

      Thanks for your inquiry.

      You can check these pages to see and compare credit cards that are made of metal:
      What is the most prestigious credit card?
      Black Credit Cards Comparison

      You may click on the name of your preferred card to see more details then you may click on the green ‘Go to Site’ button to submit an online application.

      Cheers,
      Rench

Credit Cards Comparison

Updated February 25th, 2020
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
St.George Vertigo Classic
13.99% p.a.
0% p.a. for 18 months
$55 p.a.
Get 0% interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
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 and a global wifi access.
Qantas American Express Ultimate Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$450 p.a.
Get 100,000 bonus Qantas Points, a $450 Qantas Travel Credit and 2 yearly complimentary Qantas Club lounge invitations.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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