High Income Credit Cards

This selection of credit cards for high income earners can open up a world of rewards, benefits, personalised service and travel perks.

0% p.a. on balances transferred for 22 months, with a 2% balance transfer fee.
Annual fee refunded – a potential saving of $99 a year (conditions apply)
Earn 1 Rewards Point for every dollar you spend on eligible purchases and choose your own rewards.
Comes with Apple Pay.
Promotion

Australian credit card providers offer deals to suit all types of earner, but if you have an above average income you could be entitled to some of the very best cards available. High income earners can qualify for gold and platinum cards, and enjoy all the benefits that they offer such as free travel insurance, air miles, purchase protection insurance and much more. If you earn an above average wage, take the time to study our comparison table, find the best high income credit card to suit you, and apply online today.

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Westpac Altitude Black Credit Card Exclusive Offer
APPLY BY 26 oct 17
EXCLUSIVE OFFER
80,000 + Bonus 20,000 Qantas or Altitude Points. New cards only. Min spend and T&Cs; apply.
$200 off the first year annual card fee (bringing the fee to $195).
2 complimentary passes per year to use at over 700 VIP Priority Pass airport lounges worldwide.
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20.24% p.a.
ongoing
$195
1st year
then $395
ANZ Frequent Flyer Black Credit Card
APPLY BY 31 oct 17
15 reviews
75,000 points when you spend $2,500 in 3 months.
$0 p.a. annual fee for the first year.
75 Bonus Status Credits when you buy and fly return with Qantas by 28th Feb 2018.
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19.99% p.a.
ongoing
$0
1st year
then $425
0% p.a. for the first 16 months on balance transfers with a 2% balance transfer fee on amounts transferred. Reverts to 21.49% p.a.
Up to 55 days interest free on purchases when you pay your account in full each month.
$0 annual fee for the first year (save $87).
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16 months
0% p.a.
then 21.49%
with a 2% fee
19.74% p.a.
ongoing
$0
1st year
then $87
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
Start your holiday with a $200 Travel Credit every year.
Range of travel insurances including overseas medical emergency expenses, travel cancellation cover and more.
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12 months
0% p.a.
then 20.74%
with a 1% fee
20.74% p.a.
ongoing
$195
ongoing
Citi Rewards Signature Credit Card Points Offer
APPLY BY 31 jan 18
Receive 120,000 bonus reward Points when you spend $3,000 in 90 days from Card approval.
2 pts per $1 spent on selected purchases and receive a complimentary Priority Pass membership with two airport lounge visits per year.
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15 months
0% p.a.
then 21.74%
with a 1% fee
20.99% p.a.
ongoing
$199
1st year
then $395
St.George Vertigo Platinum Credit Card
APPLY BY 22 nov 17
6 reviews
0% p.a. for 24 months on balance transfers. Reverts to cash advance rate. (2% balance transfer fee applies).
Low ongoing variable purchase interest rate of 12.74% p.a.
Complimentary insurance for overseas travel for 6 months.
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24 months
0% p.a.
then 21.49%
with a 2% fee
12.74% p.a.
ongoing
$99
ongoing
Enjoy a low purchase rate of 14.99% p.a.
A low annual fee of $99 p.a.
Free bottle of wine every time you dine at 100’s of participating restaurants and pay with your Citi card.
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14.99% p.a.
ongoing
$99
ongoing
Westpac Altitude Black Credit Card
APPLY BY 26 oct 17
42 reviews
80,000 points when you spend $5,000 after a first eligible purchase in the first 90 days.
$200 off the first year annual card fee (bringing the fee to $195).
2 complimentary passes per year to use at over 700 VIP Priority Pass airport lounges worldwide.
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-
20.24% p.a.
ongoing
$195
1st year
then $395
Citi Qantas Signature Credit Card
Receive 50,000 bonus Qantas Points when you spend $2,000 within 90 days from card approval.
Redeem Points for Qantas Frequent Flyer travel, experiences and more.
0% p.a. for 6 months on balance transfers.
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6 months
0% p.a.
then 21.74%
20.99% p.a.
ongoing
$199
1st year
then $395
Receive 50,000 points when you apply online, are approved and spend $1,500 on your card within the first 3 months. Conditions apply.
A complimentary domestic return flight every year with travel insurance and entry into Virgin Australia Lounges.
Good points earning rates. Up to 2.5 points per dollar spent on purchases with Virgin Australia. 1.5 pts per $1 spent elsewhere.
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12 months
0% p.a.
then 20.74%
with a 1% fee
20.74% p.a.
ongoing
$375
ongoing
50,000 points when you spend $2,500 in 3 months.
$0 p.a. annual fee for the first year.
Complimentary Qantas Frequent Flyer Membership.
More info
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-
19.99% p.a.
ongoing
$0
1st year
then $295
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80,000 + Bonus 20,000 Qantas or Altitude Points.
Plus $200 off the first year annual card fee.
80,000 Qantas or Altitude Points when you spend $5,000 on eligible purchases on a new Altitude Black credit card within 90 days from card approval + BONUS 20,000 Points on card approval.
$200 off the first year annual card fee.
Earn 1.25 pts per $1 spent on the Amex worldwide and 0.625 pts per $1 spent on the Mastercard in Australia.
24/7 Altitude Black Card Priority Service line.
Redeem Altitude points through Altitude Black Travel Service or convert your points into Virgin Australia’s Velocity, Malaysia Airline’s Enrich, Air New Zealand Airpoints, Singapore Airlines KrisFlyer, Cathay Pacific AsiaMiles.
2 complimentary passes per year to use at over 700 VIP Priority Pass airport lounges worldwide.
2 complimentary Qantas Lounge invitations per year after your first Altitude Black Card spend on selected Qantas products and services.
2 complimentary American Express Sydney international Airport lounge passes.

Promotion: The bonus points promotion is available when you apply for a new Westpac Altitude Black credit card via this page between 4 September 2017 and 26th October 2017. The bonus points will be credited to your points balance as follows: 20,000 points within 8 weeks of card approval and 80,000 points within 12 weeks after the eligible spend criteria being met. Spend criteria is a minimum amount of $5,000 on eligible purchases within 90 days from card approval. Eligible purchases do not include fees, cash, cash equivalent transactions, BPAY, refunds and balance transfers debited from the card account. To be eligible, the account must be open and not in arrears at the time of crediting points. Existing Westpac customers who currently hold an Altitude Platinum credit card, or who have held one in the last 12 months are not eligible for this offer. You must be a member of the Qantas Frequent Flyer program to earn Qantas Points. A joining fee may apply. Membership and Qantas Points are subject to the Qantas Frequent Flyer Terms and Conditions.

 

Q&As about High Income Credit Cards from Customers

Q: Why should I choose a gold or platinum credit card?

Just because you’re a high earner doesn’t mean you are obliged to opt for a gold or platinum credit card – you may prefer a basic card with no annual fee – but if you do qualify for gold or platinum you can enjoy a wide range of extra features and benefits that are generally unavailable to people with smaller incomes. Banks value their top-earning customers, and reward them with higher credit limits, reasonable interest rates and bigger spending power. These cards also offer a selection of features that you don’t find on standard cards.

Q: How much do I need to earn to qualify?

The banks normally require a minimum annual income for many of their cards. Some gold and platinum cards are available to people earning $30,000 or more per year, others require $50,000, while you need to be earning an annual income of at least $100,000 for some of the most prestigious products. To apply for a gold or platinum card you usually need an excellent credit history as well as a high income to qualify.

Q: What rewards schemes can I join?

When you choose a gold or platinum credit card you can gain access to number of different rewards programs such as frequent flyer programs and shopping rewards, and you often gain bonus points for joining these schemes or spending above a certain level. When you are comparing and selecting your new card it’s important to find one with a rewards scheme that aligns with your spending habits and offers rewards you want to make use of.

Q: What travel benefits are available?

Gold and platinum credit cards are often linked to frequent flyer programs in which you earn points and redeem them for all sorts of travel rewards including flights, accommodation, car rentals and other services. They also provide extra privileges such as a dedicated concierge service.

An important feature to consider when selecting a card is travel insurance. When you use your credit card to book and purchases travel expenses you and your family should be covered in the unfortunate event that anything goes wrong such as lost luggage, missed flights, theft and accidents. The insurance policies should extend to cover any medical or legal bills.

Q: What about insurance on my purchases?

Because of their typically higher credit limits, gold and platinum credit cards allow you to buy expensive products, and provide valuable insurance covers on these purchases. The specific type of protection depends on the credit card, but should include cover for accidental damage, loss and theft, and typically lasts for three months after the purchase is made. You can also enjoy the peace of mind of extended warranty on household appliances, applied after the manufacturers’ warranty has expired. With some cards you can even make use of price match – if you purchase an item and later find it cheaper elsewhere, the bank refunds the difference.

Q: What other protection is provided?

Security is an important concern for credit card users, especially if you are making big purchases, travelling and shopping online. Gold and platinum cardholders enjoy extra security measures including constant monitoring of activity on your account. If fraudulent purchases are made on your account you should receive a full refund. Some cards also have an added layer of security so if you become the victim of identity fraud the protection services help restore your credit profile.

Q: What other factors should I consider?

When you are comparing high income credit cards you should find one with extra features that suit your spending habits, offering rewards you can use and the right kind of insurance cover. It is also essential to study the all-important basics: the interest rates and annual fee. When comparing fees and rates you will also notice that these types of cards tend to have a significantly higher annual fee than other cards. The fees and rates that they attract are well worth it because of all the added value and rewards that the cardholder enjoys, but only if you pay off your account in full each month. If you are upgrading to a gold or platinum card and have a debt on an existing credit card you should consider the balance transfer rates and terms.

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