|Credit Card||Main Feature||Points Per $1 Spend||Annual Fee|
|American Express Platinum||300,000 Bonus Points & Travel Credit||2.25||$1,450|
|Qantas Premier Titanium||150,000 Bonus Points & Discounted Flights||1.25||$1,200||Citi Prestige||200,000 Bonus Points & Complimentary Hotel||2||$700||ANZ Frequent Flyer Black||120,000 Qantas Points & Cashback Bonus||1||$425|
When we enjoy a luxurious lifestyle, we want a premium credit card to match. Top-of-the-range 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 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. You can also compare the entire range of rewards credit cards for more information.
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American Express Platinum
Why We Like It:
Sitting at the top of our list is the American Express Platinum card. It comes with a full range of bells and whistles for you to enjoy throughout the year.
Apply online, and after you receive your card, you’ll start with a bang with 300,000 bonus membership reward points after you’ve spent at least $6,000 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).
Those rewards points will add up quickly, too. Cardholders collect 2.25 membership reward points for every $1 spent on eligible everyday purchases. You also receive 1 point on transactions with government bodies in Australia. Plus, this AMEX card points earning has no cap, so the sky's the limit, and add up to 4 additional cardholders at no extra fee.
Once you’re ready to exchange points, they can be converted to flyer points with several Amex Airline Award Partners, including Virgin, as well as 2 different hotel programs.
The card’s annual fee is $1,450, and it provides up to 44 cash flow days. No minimum credit limit is mentioned.
For all those high flyers out there, this American Express Platinum credit card truly delivers. For example, you’ll receive $450 travel credit to use on eligible flights, hotels, car rental, and more.
While in transit, whether for your next big holiday or a work trip, you and a guest can relax at an airport lounge. The card provides access to the American Express Global Lounge Collection - one of the biggest lounge collections with 1,200 airport lounges signed up across 130 countries. What's even better is that additional card members get Priority Pass membership too, and can bring a guest.
The card also comes with complimentary entry into the Platinum International Airline Program. As a member, you’re entitled to discounts of up to 20% on First and Business class with Qantas, Virgin, Emirates, and other airlines, so you never have to stray far from your preferred luxurious parts of the plane.
As a cardholder, take advantage of a handy platform to book your hotel stays. AMEX delivers users its Fine Hotels & Resorts Program, which offers complimentary average benefits of around $700 value. Indulge with things like free room upgrades and 4pm late checkouts. These benefits are available at 975 5-star level properties around the globe.
The benefits keep on coming, too. Enjoy complimentary membership in various extra programs, including Accor Plus, valued at $399/year, Hotel Elite Status, and American Express Invites. Plus, you can keep up to date on all the latest news and luxury inspiration via an Australian Financial Review digital subscription, worth $628 per year.
Need help planning your outings to all the latest and greatest restaurants, concerts, and other fun experiences? If so, save yourself time and energy by calling your complimentary platinum concierge. Access is available 24/7 for help with all sorts of suggestions and bookings.
Also, AMEX provides customers with handy insurances, such as purchase protection and extended warranty. You don’t have to worry about your latest iPhone getting damaged, either, as the card comes with smartphone screen insurance.
Finally, cardholders have the option to setup up mobile payments with their card, as it’s compatible with Apple Pay, Samsung Pay, and Google Pay.
The minimum income required is $100,000, and applicants shouldn’t have a history of bad debt or payment default.
Qantas Premier Titanium
Why We Like It:
The Qantas Premier Titanium credit card is a luxury card perfect for people who travel a lot for work or pleasure and who want to be in comfort along the way.
Sign up for this card today, and you’ll receive a whopping 150,000 Qantas points bonus when you spend $5,000 within 3 months from your approval date. This offer is only available to new account holders – you must not currently hold any of the Qantas Premier cards or have closed or qualified for Qantas bonus points on any of the Premier cards in the last 12 months.
You can earn as many points as you like with the Titanium product, too, since they’re uncapped. Collect 1.25 points per $1 spent on domestic purchases, up to AU$12,500 per statement period. After you hit that mark, you’ll earn 0.5 points for every $1 spent. Plus, cardholders earn 2 Qantas Points per $1 spent on international purchases and 2 extra Qantas points per dollar on Qantas products and services. Have up to 4 additional cardholders at $100 annually per card.
This card's purchase rate is 19.99% p.a. and there’s a $1,200 annual fee to pay. The minimum credit limit is $15,000.
We love that Titanium cardholders receive multiple lounge passes to Qantas lounges. As a customer, you’ll wait for planes in comfort with 2 complimentary Qantas First Lounge Invitations and 2 additional Lounge Invitations per year for Qantas Club Domestic and selected International Business Lounges.
On top, start planning your next vacation now, as you can take advantage of a 10% discount on eligible Qantas flights for up to 2 bookings per year for 2 people on all fare classes (both international and domestic flights). This travel does need to be booked through the Qantas Premier Titanium Concierge, though.
Another fine amenity this card boasts is the opportunity for both the primary and additional cardholders to receive 20% bonus status credits. (You must book and pay for eligible Qantas flights using your card for this offer.) Plus, the Qantas Premier Titanium concierge service is on hand whenever you need to book Qantas flights with a 10% discount, premier concert tickets, or make a fine-dining restaurant reservation. It’s therefore easier than ever to entertain a client, romance your love, or simply enjoy a fabulous night out.
While traveling domestically or overseas, insurance protection is always essential – particularly when you have five-star plans and luxury luggage to protect! Helpfully, the Qantas Premier Titanium card comes with insurance that covers medical emergencies and travel cancellations for eligible trips. Additional cardholders don’t miss out, either, as they also receive travel insurance coverage, even when traveling separately from the primary cardholder.
You’ll also appreciate the comfort of knowing goods purchased on your credit card are covered. Shop to your heart’s content and receive purchase protection and 180 days of coverage on eligible purchases worldwide.
The minimum income required is $200,000.
Why We Like It:
If you’re hoping for a considerable influx of rewards points in the early days of having a credit card, look to the excellent Citi Prestige option. Cardholders who spend at least $7,500 in the first 60 days from approval get rewarded with a generous 200,000 Citi reward points.
It won’t take you long to rack up more points, either. For each $1 spent on eligible domestic purchases, you’ll collect 1 point. This then doubles to 2 points when paying for goods from major Australian supermarkets, petrol stations, and national retailers. Even better, you’ll earn 3 points when spending with major airlines, hotel chains, and restaurants. Your international purchases don’t go unnoticed, either. Users earn 3 points on international retail transactions while overseas or when buying online.
Relaxing hotel stays become more accessible with the Citi Prestige card, too. You’ll score a 4th night free when you book four consecutive nights stay at a range of hotels, provided you make your booking via the card’s convenient 24/7 concierge service. This special offer can be redeemed up to four times per calendar year.
The Citi Prestige interest rate is standard at 21.49% p.a., while the annual fee is lower than those profiled above, at $700 p.a. The minimum credit limit for this credit card is $30,000.
At no extra cost, you can have up to 4 additional cardholders.
Each cardholder receives a handy complimentary luxury airport transfer annually, so you’ll arrive in style at the airport. This is a unique perk specific to this card and one that you’re sure to appreciate. Another bonus is that you receive a Priority Pass membership with the card, which provides unlimited airport lounge access for you and a guest. Who needs to worry about flight delays when you wait in comfort?!
Another card bonus we love is that customers can further enjoy their next restaurant experience with a free bottle of wine. This offer is available when you book your dinner reservation through the Citibank Dining program. Entertainment fun isn’t forgotten, either, thanks to the comprehensive Priceless Cities & Citi World Privileges program.
Frequent flyer point seekers have it easy, too, since accumulated Citi rewards points can be converted to frequent flyer miles with several points travel partners.
When you travel and shop, you’re also covered. The card provides a range of insurances, including international travel insurance, purchase protection, extended warranty, and a best-price guarantee.
Mobile payments are available with this card, but only on Apple Pay.
The minimum income required is $150,000.
ANZ Frequent Flyer Black
Why We Like It:
For consumers looking for not only Qantas bonus points but also an excellent cashback offer, the ANZ Frequent Flyer Black is one to check out today.
Sign up for this product, and you can soon have 120,000 Qantas bonus points in your account, not to mention $200 in cashback, provided you spend $3,000 on eligible purchases within the first 3 months of card approval. (This offer is not available to people transferring from an existing ANZ card or those who currently have an ANZ Frequent Flyer card or have had one in the previous 12 months.)
On everyday purchases, you’ll earn 1 Qantas point per $1 spent on eligible transactions up to $7,500 per statement period. For all purchases above this amount, you receive 0.5 Qantas points per $1.
Plus, receive extra points when you purchase Qantas products or services. On these transactions, you’ll get 1 bonus Qantas point per $1 spent on eligible purchases. This setup, plus the fact that points earnings are uncapped, means you should accumulate enough credit for an international flight to your dream destination before you know it.
The interest rate you’ll pay on this card is 20.24% p.a., while the annual fee is $425, the lowest of all cards mentioned here. The minimum credit limit for this ANZ Black card is $15,000.
This Frequent Flyer card comes with 2 complimentary Qantas Club lounge access passes each year so you can wait in style for flights. It also offers a discounted first year Qantas Club membership for new members, which is handy if you’re not yet part of that program, and free Qantas Frequent Flyer membership for new members.
Of course, as a credit card for frequent travellers, it’s no surprise that this ANZ product takes care of insurance needs, too. Customers receive complimentary travel-related insurances such as overseas travel and medical, interstate flight convenience insurance, and rental excess cover.
You’re no doubt busy and would love to pass on as many administrative tasks to others as you can day-to-day. Never fear; with this credit card, you can outsource travel bookings and planning for events and other occasions to the 24/7 concierge you receive access to as a cardholder. That leaves you more time to enjoy the big and little things in life.
After a shopping spree or picking up a special gift for your loved one, rest easy knowing your credit card provides an extended warranty on eligible items, 90-day purchase protection, and a best-price guarantee, too.
Up to 9 additional cardholders are allowed for family or friends but at a $65 annual fee per card.
No set minimum income is mentioned for this card, but as mentioned above the minimum credit limit is $15,000.
We hope you found our list of top premium credit cards in Australia for 2021 helpful! Feel free to comment below with your thoughts on our blog.
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