Credit Card (click to scroll down)Main FeaturePoints Per $1 SpendAnnual Fee
American Express Platinum80K Bonus Points & Travel Credit3$1,450
Qantas Premier Titanium150K Bonus Points & Discounted Flights3.25$1,200
American Express Velocity Platinum100K Bonus Points & Lounge Access1.25$375

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 more rewards credit cards listed on Kredmo's website.

Or check out similar lists:

best frequent flyer credit cards

best rewards credit cards

American Express Platinum

  • Points Per Spend: 2.25 points per $1 on everyday purchases & 1 point on government bodies in Australia.

  • Bonus Points: 80,000 points.

  • Annual Fee: $1,450 p.a.

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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. Sarting with 80,000 bonus points when you spend $3,000 in the first 3 months. 

For reward points, you collect 2.25 points per $1 on eligible everyday purchases. And 1 point on government bodies in Australia. Plus, its point earning has no cap, so 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.

 

Extra Benefits:  

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. 

Or 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.

 

Income Eligibility: 

The minimum income required is $100,000 with no history of bad debt or payment default.

 

Qantas Premier Titanium

  • Points Per Spend: 1.25 points per $1 on domestic spend (up to AU$12,500 per statement period) then 0.5 points after. 2 Qantas points per $1 on international spend. Extra 2 Qantas points per $1 on Qantas spend. 

  • Bonus Points: 150,000 Qantas points. 

  • Annual Fee: $1,200 p.a.

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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. More offers are available like its 0% for 6 months balance transfer offer with no transfer fee (excludes transfers with other Citigroup credit facilities). Any remaining transferred balance reverts to the rate of 21.99% p.a (note that no interest free days apply to purchases during a balance transfer period). 

 

Extra Benefits:  

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. 

 

Income Eligibility: 

The minimum income required is $200,000.

 

American Express Velocity Platinum

  • Bonus Points: 100,000 Velocity points.

  • Points Per Spend: 1.25 Velocity points per $1 spent on purchases & 0.5 Points on government purchases. Plus 1 extra Velocity point on Virgin Australia purchases.

  • Annual Fee: $375 p.a.

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Why We Like It:

Apply online for the American Express Velocity Platinum and get 100,000 Velocity points, if you spend $3,000 in the first 3 months from the approval date. And you must apply online by 12 Feburary 2020. 

You receive 1.25 Velocity points per $1 spent except for government bodies whereby instead earn 0.5 Velocity points. Earn 1 extra Velocity point per $1 spent when you make purchases with Virgin Australia.

Want to earn points faster? Then get up 4 extra cards for family members or friends at no extra cost.

Its interest rate is standard at 20.74% p.a. and has an annual fee of $375 p.a. Plus it has an attractive balance transfer offer of 0% for the first 12 months with a 1% balance transfer fee. 

 

Extra Benefits:  

Travel benefits include one complimentary domestic return flight (economy) via Virgin Australia between selected cities each year.

Kick back more when traveling between selected domestic airports by using its Virgin Australia lounge passes provided yearly. Super relax with its two complimentary entries each year to the American Express Lounge at the Sydney International or Melbourne International Airports. 

For travel insurance, the card covers you with domestic and international travel insurance. Just make sure you book your flights on your credit card. While in transit if you encounter flight delays, missed connections or delayed luggage then its complimentary travel inconvenience insurance has you covered. 

Receive 24/7 platinum priority service to assist you with planning vacations, booking events, car rentals and more. Or when making purchases online or instore receive refund protection and purchase protection services. 

Get 3 extra cardholders at no cost to build up your points faster. If you prefer mobile payments then you can use Apple Pay, Samsung Pay, and Google Pay with this card. 

 

Income Eligibility: 

The minimum income required is $65,000.  

 

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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