| Credit Card | Top Perks | Points Per $1 Spend | Annual Fee |
|---|---|---|---|
| American Express Platinum Metal Card | 225,000 Bonus Points & Luxury Travel | 1 - 2.25 pts | $1,450 |
| Qantas Premier Titanium Metal Card | 150,000 Bonus Points & Luxury Travel | 0.5 - 3.25 pts | $1,200 |
| ANZ Frequent Flyer Black | 80,000 Qantas Bonus Points | 0.5 - 2 pts | $425 |
| Qantas Amex Ultimate | 120,000 Qantas Points & Travel Credit | 0.5 - 2.25 pts | $450 |
When we enjoy a luxurious lifestyle, we want a premium credit card to match. Top-of-the-range prestigious cards come with all sorts of perks, such as travel credit, multiple complimentary annual lounge passes, highly-rated concierge services, travel insurance and higher point earnings.
Of course, the annual fees and minimum income levels that are needed to qualify for these credit cards are higher as a result, but there’s nothing quite like the feel of having a premium card with exclusive perks.
We've compiled a list of the best premium credit cards in Australia right now for you to consider. Or compare the entire range of rewards credit cards and calculate your estimated reward points dollar value for you to have more options to select from.
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American Express Platinum Metal Card
Our Take
Best For: High Spenders & Luxury Travel Perks - The American Express Platinum metal card is perfect for people who travel a lot, love staying at five-star hotels, and spend a good chunk of money on their everyday shopping. It is a heavy card made of real metal, designed specifically for people who want to live a luxury lifestyle and don't mind paying a larger fee upfront to get giant perks in return.
What rewards points and benefits do you get: This card gives you Amex Membership Rewards points, which are awesome because they never expire. It’s perfect for people who want total freedom, because you can redeem the points for gift cards, cashback, purchases online, or move these points whenever you want over to lots of different Amex Airline Award Partners programs (like Virgin Australia Velocity or Singapore Airlines) to get free flights and business class upgrades.
Our favourite feature: The best part is that it practically hands you your money back through direct credits. Every year, you get a $450 travel credit to spend on flights or hotels, plus a $400 global dining credit ($200 for local restaurants and $200 for overseas). That's $850 of real money given straight back to you!
Its Top Perks
◇ Giant Points Booster: Get 225,000 bonus Membership Rewards points if you spend $5,000 in the first 3 months (Note: this offer is only available to new customers or those who last had an Amex card more than 18 months ago. It then takes 8 to 10 weeks for the points to be credited to your account.)
◇ Uncapped Point Earning: Earn a huge 2.25 points for every single dollar you spend on everyday shopping, with no limits on how many you can collect.
◇ Free Additional Cards: You can add up to 4 extra cards for family members or friends at no extra cost, making it easy to pool your points together and share the premium perks.
◇ Unlimited Global Lounge Access: Kick back and relax in style with unlimited visits to over 1,800 luxury airport lounges around the world with its The American Express Global Lounge Collection, packed with free food and drinks! Best of all, both the main cardholder and an additional cardholder can bring a guest along for free on most occasions, depending on the specific lounge you visit.
◇ Discounted Premium Flights: Enjoy exclusive entry into the Platinum International Airline Program, giving you cheaper tickets on Premium Economy, Business, and First Class seats with world-class airlines like Qantas, Virgin Australia, and Emirates so you can travel in pure luxury for less.
◇ Luxury Hotel Privileges: Access the exclusive Amex Fine Hotels & Resorts Program to book stays at over 975 five-star properties worldwide. Each booking comes packed with complimentary VIP perks worth an average of $550 USD per stay, including free room upgrades, daily breakfast, and a guaranteed 4pm late checkout.
◇ Free Subscriptions: Includes a Digital subscription to The Australian newspaper (with The Wall Street Journal valued at $416 annually), Amazon Prime credits of up to $84 per calendar year, and an Accor Plus hotel membership valued at $349/year.
◇ 24/7 Personal Helper: A special concierge team is ready day or night to help you book concert tickets or hard-to-get dinner tables.
◇ Phone and Travel Insurance: Automatically protects you with domestic and international travel insurance and even pays to fix your smartphone screen if you drop it.
What to Know Before You Apply
High Cost & Heavy Spend Needed: This card comes with a very high $1,450 annual fee, meaning it is only a good fit if you are a heavy monthly spender who will actually use the luxury travel perks to make the big upfront cost worth it.
Overseas Shopping Fee: Every time you use this card to buy something from an overseas store or while traveling abroad, you will be charged a 3% foreign transaction fee.
No Carrying a Balance: Unlike standard credit cards where you can pay just a little bit of your bill each month, this card requires you to pay off your entire statement balance in full every single month.
Income Rule: There is no official minimum income required, but you need a really clean credit history with no missed payments or bad debt.
Qantas Money Titanium Metal Card
Our Take
Best For: Ultra-High Earners & Qantas First Class Luxury - This is a super-exclusive Qantas Money Titanium metal card made for business executives, high-income earners, and people who practically live on airplanes. It is specifically designed for people who fly with Qantas all the time, spend a lot of money overseas, and want the absolute highest level of airport luxury.
What rewards points and benefits do you get: This card feeds points directly into your Qantas Frequent Flyer account every month. It’s designed to help you accumulate a mountain of Qantas points rapidly so you can book international Business Class and First Class seats for free without using your own cash.
Our favourite feature: The ultimate perk is the Elite First-Class Lounge access. Most cards only send you to standard lounges, but this one gives you 2 Qantas First Class lounge passes and 2 regular Qantas Club Domestic and selected International Business Lounges passes every year - where you can get free restaurant-grade meals, champagne, and spa treatments before flying.
Its Top Perks
◇ Premium Qantas Bonus: Earn 150,000 Qantas Points right away to help book your next big trip. Available to new cardholders only and points arrive 6 to 8 weeks after meeting the spend goal.
◇ Overseas Point Booster: Earn a massive 2 points for every $1 spent while you are outside of Australia.
◇ Two-Person Flight Discounts: Save 10% off your ticket price twice a year when you book flights for up to two people traveling together. It’s like a special coupon for you and a holiday buddy to fly on Qantas planes for less!
◇ $400 Luxury Holiday Voucher: Kickstart your next vacation with a complimentary $400 Qantas Luxury Holidays voucher issued to help slash the cost of premium hotel and flight packages.
◇ 20% Status Credits Boost: Climb the Qantas tier ladder 20% faster! Both you and any extra cardholders get a special 20% bonus on your flight Status Credits whenever you book and pay for eligible Qantas flights using the card.
◇ Comprehensive Premium Protection: Enjoy ultimate peace of mind with automatic domestic and international travel insurance that covers medical emergencies and trip cancellations for both you and any additional cardholders, even if they are traveling alone. Plus, your shopping is completely secure with global purchase protection that covers eligible items against damage or theft for up to 180 days from the day you buy them.
◇ Luxury Helper Desk: Access a premium concierge team to handle your holiday planning and restaurant bookings.
◇ Premium Wine Club: Includes a free Qantas Wine Premium Membership for special deliveries and bonus points.
What to Know Before You Apply
High Fee & Big Spend Needed: To justify this card's premium $1,200 annual fee, you need to be a heavy monthly spender who can consistently maximize the rewards and high-end travel perks to make the steep upfront cost worth your while.
Paid Additional Cards: While you can add up to 4 additional cardholders to help you accumulate points faster, it isn't free—each extra card will cost you a $100 annual fee.
International Fee: Keep an eye on your overseas spending, as there is a standard 3% foreign transaction fee added to any purchases made outside of Australia or on international websites.
Ultra-Premium Requirements: This card is highly exclusive, meaning you must earn a high minimum income of $200,000 a year and be approved for at least a $15,000 credit limit to qualify.
ANZ Frequent Flyer Black
Our Take
Best For: Everyday Qantas Point Accumulation & Signup Cash-Back - The ANZ Frequent Flyer Black is perfectly suited for individuals looking for a premium frequent flyer card with a well-balanced annual fee, a strong sign-up points booster, and direct statement cash-back.
What rewards points and benefits do you get: This card is fully tied to the Qantas Frequent Flyer program. It is built for households that want a reliable way to turn their normal grocery and fuel shopping into Qantas points every month, while getting basic travel comforts like lounge visits.
Our favourite feature: The best highlight is the complimentary airport lounge access! You get two single-entry Qantas Club lounge passes every year, letting you relax in comfort with complimentary food, drinks, and Wi-Fi before your flight. It adds immediate, real-world value to the card for any frequent flyer.
Its Top Perks
◇ Points: Score 40,000 bonus Qantas points when you spend $6,000 in the first 3 months, plus 40,000 extra points after 12 months. (Offer only available to those who have not held an ANZ Frequent Flyer or ANZ Rewards card in the last 24 months.) Points will hit your account within 3 months of hitting the spend goal.
◇ Steady Earning: Collect 1 Qantas Point for every $1 spent on normal shopping up to $7,500 a month.
◇ Free Airport Lounges and Memberships: You get two free passes every year to sit in the fancy Qantas airport lounge with free snacks before you fly. Plus, you get a free Qantas Frequent Flyer membership (which normally costs money to join) and a massive discount if you want to buy a full, year-round lounge pass!
◇ VIP Event Access: Get exclusive invitations to cool concerts, theater shows, and fun lifestyle events through special member-only programs called ANZ Exclusives and Visa Entertainment.
◇ Built-in Insurance: Automatically covers you with international travel insurance, purchase protection, and extended warranty safety nets.
◇ 24/7 Personal Concierge: Save time by handing off your busy day-to-day chores to a personal assistant. Your free 24/7 concierge service can plan your holidays, book dinner tables, and grab event tickets for you, leaving you with more free time to enjoy life!
What to Know Before You Apply
Waiting for Your Full Bonus: The huge sign-up bonus points offer is split over a two-year period, meaning you won't get all of your prize points right at the very beginning.
Monthly Point Speed-Limit: Your points-earning rate has a speed limit! Once you spend more than $7,500 in a single statement period, your reward rate drops down to 0.5 Qantas points per $1 spent for the remainder of that cycle.
Global Shopping Fee: Be aware that a 3% foreign transaction fee is charged whenever you use this card to buy products from overseas websites or while traveling.
Paid Additional Cards: While you can add up to 9 extra cardholders to help you maximize your points, it isn't free - each additional card comes with a $65 annual fee.
Income Rule: You must earn a minimum before-tax income of $75,000 a year and qualify for a $15,000 minimum limit.
Qantas Amex Ultimate
Our Take
Best For: Dedicated Qantas Loyalty & Offset Travel Credits - The Qantas Amex Ultimate is perfectly suited for passionate Qantas frequent flyers who want a high-earning point companion that completely offsets its annual fee with a direct yearly travel credit.
What rewards points and benefits do you get: This card automatically funnels Qantas Points directly into your account every month. It’s perfect for people who want to earn points quickly on everyday shopping and want premium travel protections without any complicated point-transfer steps.
Our favourite feature: The absolute winner here is the $450 annual Qantas Travel Credit. Because Amex gives you this $450 credit every single year to spend on flights, it completely cancels out the $450 annual fee. If you spend money on flights anyway, the card becomes effectively free to hold!
Its Top Perks
◇ Kickstart Bonus: Score 70,000 bonus Qantas Points when you spend $5,000 in the first 3 months. Plus, an additional 50,000 Qantas points when you spend a further $5,000 on eligible purchases within the first 3 months of your second year. (Available to new customers only - you cannot have held an Amex card in the last 18 months.) Your bonus points will hit your account 8 to 10 weeks after meeting the spend target.
◇ High Everyday Earning: Earn a strong 1.25 Qantas points for every $1 you spend on normal shopping.
◇ Four Lounge Passes Yearly: Get 2 free invitations to Qantas Club lounges yearly after your first spend on selected Qantas products and services, PLUS 2 free invitations to the premium Amex Centurion Lounges in Sydney or Melbourne.
◇ Zero Foreign Transaction Fees: Save money whenever you shop online from overseas or travel abroad, as this card completely waives the standard international transaction fees on all purchases.
◇ Free Family Travel Insurance: Protect your next holiday with comprehensive cover that includes medical expenses, trip cancellations, flight delays, and lost or stolen baggage, money, and documents.
◇ Interest-Free "Plan It" Instalments: Take the stress out of your monthly bill by splitting your credit card balance into equal monthly payments with 0% interest for a fixed, predictable monthly fee.
◇ Wine Perks: Includes a free Qantas Wine Premium Membership for bonus points and free shipping.
◇ Family Points: You can add up to 4 extra cardholders for $0 so your family can help you collect points faster.
What to Know Before You Apply
Yearly Point Speed-Limit: Your point earning slows down slightly if you hit a certain milestone. Once you earn 100,000 Qantas points in a calendar year, your everyday earn rate drops to 1 Qantas point per $1 spent for the rest of that year.
International Spending Fee: Any purchases made in foreign currencies or at overseas retail stores will come with a standard 3% foreign transaction fee added to the bill.
Income Rule: There is no minimum formal income cap.
Credit Limit: You must be approved for a minimum credit limit of $3,000.
We hope you found our list of top premium credit cards in Australia for 2026 helpful! Feel free to comment below with your thoughts on our blog.
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