|Credit Card||Main Feature||Points Per $1 Spend||Annual Fee|
|American Express Platinum||80K Bonus Points & Travel Credit||3||$1,450|
|Qantas Premier Titanium||150K Bonus Points & Discounted Flights||3.25||$1,200||Citi Prestige||100K Bonus Points & Complimentary Hotel||2||$700|
Premium credit cards are top of the range when it comes to big benefits. With perks like travel credit, multiple complimentary lounge passes, premium concierge service, travel insurance, and the list goes on.
Because of the wide range of perks and higher point earnings, the annual fee and minimum income are however quite high.
Below we have put together a list of the top premium credit cards available in Australia. Feel free to view or compare rewards credit cards listed on Kredmo's website.
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American Express Platinum
Why We Like It:
Standing tall at the top of our list is the American Express Platinum. It comes with a full range of extra benefits. Starting with 80,000 bonus membership reward points when you spend $3,000 in the first 3 months.
For reward points, you collect 2.25 membership reward points per $1 on eligible everyday purchases. And 1 point on government bodies in Australia. Plus, its point earning has no cap, so the sky's the limit.
Points can be converted to flyer points to several Amex Airline Award Partners, including Velocity Points and 2 hotel programs.
The card comes at an annual fee of $1,450 and has up to 44 cash flow days. No minimum credit limit is mentioned.
For your travel services, it has $450 travel credit that can be used for eligible flights, hotels, car rental and more.
While in transit, you and a guest can relax at the American Express Global Lounge Collection - one of the biggest lounge collections with 1,200 airport lounges across 130 countries. What's even better is that additional card members get Priority Pass membership too and can bring a guest.
Use its complimentary Platinum International Airline Program. Offering you discounts of up to 20% on First and Business class with Qantas, Virgin, Emirates and more.
Now you have another platform to book your hotel stays for traveling. Under its Fine Hotels & Resorts Program, there are complimentary benefits offered to an average value of $700 AUD. Such as free room upgrades, 4pm late checkout and more. These benefits are supplied at 975 properties at 5-star level based globally.
More complimentary memberships and programs include the Accor Plus valued at $395/year. The Hotel Elite Status, American Express Invites and AFR digital subscription ($628/year value).
Need help with planning your experiences? Then call your complimentary platinum concierge 24/7 for assistance with suggestions and bookings.
Insurances that are available on the card are smartphone screen insurance, extended warranty, and purchase protection.
Finally, have the option to setup up mobile payments with Apple Pay, Samsung Pay and Google Pay.
The minimum income required is $100,000 with no history of bad debt or payment default.
Qantas Premier Titanium
Why We Like It:
A luxury travel credit card with an extensive set of benefits describes the Qantas Premier Titanium.
It offers a generous 150,000 Qantas points bonus when you spend $5,000 in 90 days from the approval date.
No limit to your point earnings as they are uncapped. Collect 1.25 points per $1 on domestic purchases (up to AU$12,500 per statement period). Then 0.5 points when over $12,5000 statement period. Further, earn 2 Qantas Points per $1 on international purchases. Plus a 2 extra Qantas points per $1 on Qantas products and services.
Its purchase rate is 19.99% p.a. with a $1,200 annual fee. Minimum credit limit is $15,000.
Have multiple lounge accesses to different the Qantas lounges. Two complimentary Qantas First Lounge Invitations and two additional Lounge Invitations per year. Allowing you access to Qantas Club Domestic and selected International Business Lounges.
But wait there's more. Get 10% discount on eligible Qantas flights for up to two bookings per year for 2 people on all fare classes (both international and domestic flights). Remember to book your travel through your Qantas Premier Titanium Concierge.
Both the primary and additional cardholders can take advantage of the 20% bonus status credits. But to be eligible you must book and pay for eligible Qantas flights using your card.
In addition, the Qantas Premier Titanium concierge allows you to book Qantas flights with your 10% discount, concert tickets or make a restaurant reservation.
Insurance protection while traveling domestically or overseas is very important. The card covers medical emergency and travel cancellation for eligible travels. Additional cardholders also have travel insurance coverage even when traveling separately to the primary cardholder.
Finally, when purchasing goods you have purchase protection and 180 days of coverage on your eligible purchases worldwide.
The minimum income required is $200,000.
Why We Like It:
Apply online for the Citi Prestige and get 100,000 Citi reward points, if you spend $7,500 in the first 60 days from the approval date.
Domestic purchases for each $1 spend will collect 1 point on eligible purchases, 2 points on domestic major supermarkets, petrol stations, and national retailers. And 3 points at major airlines, hotel chains and restaurants. For international purchases, earn 3 points on international retailers while overseas or online.
Score a 4th night free with a 4 consecutive night stay at a range of hotels when booked via the 24/7 concierge service (can be redeemed four times each calendar year).
Its interest rate is standard at 21.49% p.a. and has an annual fee of $700 p.a. The minimum credit limit is $30,000.
A complimentary luxury airport transfer each year is a perk that's specifically unique to this card. Plus, offered is a Priority Pass membership with unlimited airport lounge access for you & guest
Enjoy your next restaurant experience in French fashion with a free bottle of wine each time you dine through the Citibank Dining program. And for more entertainment fun, check out its offered Priceless Cities & Citi World Privileges.
Frequent flyer point seekers can transfer their Citi Rewards points for frequent points to several points travel partners.
A variety of insurances are inclusive such as international travel insurance, purchase protection, extended warranty, and best price guaranteed.
Mobile payments are available only on Apple Pay.
The minimum income required is $150,000.
We hope you found our list of top premium credit cards in Australia for 2020 helpful! Feel free to comment below with your thoughts on our blog.
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Kredmo Pty Ltd ACN 624 938 932 is not a credit provider and does not provide personal financial or professional advice or credit assistance. Kredmo Pty Ltd is an Australian Credit License holder 518788. The information published on this site/page is of a general nature only and does not consider your personal objectives, financial situation or particular needs. The information published on this site/page should not be relied upon as a substitute for personal financial or professional advice. Kredmo strongly recommends that you seek independent advice before you apply for any product or service, which is described on the site/page... Read More