High Income Frequent Flyer Credit Cards

Information verified correct on September 23rd, 2016
Uncapped frequent flyer points

Discover the benefits of having a frequent flyer credit card with a high income requirement.

A high income frequent flyer credit card is one of the most rewarding types of credit cards. This card usually has high annual fees and so you need to use it more frequently and spend a large amount per year so as to outweigh your annual fee with the value of your redeemed points. The key thing to remember with this type of card is that the value you receive out of it is largely decided by how much you spend on it.

How does a high income frequent flyer credit card work?

A high income frequent flyer credit card works just like a regular frequent flyer card. Once you sign up to the card and frequent flyer program of your choice, your points will automatically be accrued when you spend on eligible transactions and thereafter will appear on your credit card statement.

The period it takes for the points to be shown in your frequent flyer account will depend on the program you’ve signed up for.

Depending on the card, you can earn points on travel costs and everyday purchases.

Citi Qantas Signature Credit Card

Citi Credit Card Offer

Earn 70,000 bonus Qantas Points, enjoy a discounted annual fee and benefit with complimentary travel insurance when you apply for the Citi Qantas Signature.

  • $99 p.a. annual fee for the first year ($395 p.a. thereafter) annual fee
  • 20.99% p.a. on purchases
  • 0% p.a. for 6 months on balance transfers
  • Cash Advance Rate of 21.74% p.a.
  • Up to 55 days interest free
  • Minimum Income Requirement of $75,000 p.a.

Comparison of high income frequent flyer credit cards

Rates last updated September 23rd, 2016.

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

Balance transfer period changed from 14 to 18 months and is valid until 30 September 2016.

August 25th, 2016

American Express Explorer Credit Card

10,000 Membership Rewards Bonus Points + 0% on balance transfers for 12 mos. Offer ends 30 Nov 2016

August 26th, 2016

HSBC Platinum Qantas Credit Card

Bonus points offer has been changed from 40,000 to 60,000 and extended until 31 December 2016.

September 1st, 2016

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Citi Qantas Signature Credit Card
Earn up to 70,000 bonus Qantas Points on eligible spend, plus enjoy a 0% p.a. for 6 months offer on balance transfers.
20.99% p.a. 0% p.a. for 6 months $99 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
ANZ Frequent Flyer Black
Earn up to 75,000 bonus Qantas Points after you make your first eligible purchase within 3 months of card approval plus earn 1.5 points per $1 spent. Easier payments with Apple Pay.
19.99% p.a. $425 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy 0% p.a. for 12 months on balance transfers and receive a complimentary Virgin Australia domestic economy return flight every year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info
American Express Qantas Ultimate Card
Enjoy 50,000 bonus Qantas Points when you meet the minimum spend requirement and earn up to 3 Qantas Points for every $1 spent. Also enjoy a complimentary return flight every year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
ANZ Rewards Black Credit Card
Earn 75,000 Reward Points after your first eligible purchase within the first three months. Up to 3 reward points per dollar spent and unlimited access to airport lounges with complimentary travel insurance.
18.79% p.a. $375 p.a. Go to site More info
American Express Qantas Discovery Card
Enjoy up to 7,500 extra Qantas Frequent Flyer Points and 1 point per $1 spent, plus 0% p.a. on balance transfers for 12 months, all for a $0 annual fee.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
Emirates Citi World MasterCard
Enjoy up to 10% off Emirates flights on your first spend when you book before 31 December 2016. Also pay a reduced annual fee for the first year.
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) Go to site More info
American Express Qantas Premium Card
Earn as much as 30,000 bonus Qantas Points when you meet the minimum spend requirement. Enjoy frequent flyer benefits including uncapped Qantas Points per $1 spent, complimentary travel insurance and Qantas Club lounge invitations.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $249 p.a. Go to site More info
ANZ Frequent Flyer Platinum
Get 50,000 bonus Qantas Points after first eligible purchase is made within three months. Earn up to 1.5 Qantas Points per $1 spent on purchases.
19.99% p.a. $295 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
20.74% p.a. 0% p.a. for 6 months $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
American Express Explorer Credit Card
Receive 100,000 Membership Rewards Bonus Points on eligible spend within the first 2 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $395 p.a. Go to site More info

How do you compare high income frequent flyer credit cards?

There are different types of high income frequent flyer credit cards and you need to compare before choosing which one to go for. High income credit cards typically have more premium benefits including higher rewards points earnings, complimentary insurances and concierge services. The credit card you choose will determine how you are rewarded and how much you earn for your spending. Choosing the right credit card for you is important to ensure that you can earn as many points as possible and get the most value for your money.

What do I need to know about high income frequent flyer credit cards?

Comparing credit card options involves considering a number of factors. We’ve narrowed down some of the more important factors you’ll need to consider:

  1. Annual fee. High income frequent flyer credit cards have relatively high annual fees and this will reduce the overall value of the rewards you earn. This is why it’s important to select a high income frequent flyer credit card that has reasonable balance between the annual fee and the rewards you earn. Different high income frequent flyer credit cards have different earn rates. Some will come with both an American Express and a Visa/MasterCard. You’ll earn more points on the American Express but the Visa/MasterCard is more readily acceptable and attracts lower surcharges. Some cards may also give more points per dollar based on the type of transaction.
  2. Frequent flyer program. Every high income frequent flyer credit card has its own program which comes with associated features and benefits. Ensure that the frequent flyer program is with an airline you enjoy flying with, or allows you to use airlines you enjoy through their alliance partners.
  3. Interest rate/interest free days per statement cycle. The interest rate or interest free days will vary in importance when you compare cards depending on how you are planning to use your card. If you’ll be paying your balance off in full every month, you’ll want a card with enough interest free days. If you struggle to pay your balance each month, you may wish to consider a card with a lower ongoing rate. However, these cards usually have high interest rates and won’t reward frequent flyer points when you have a balance.
  4. Points expiry/caps. Before choosing any high income frequent flyer credit card, you should consider the expiration or cap on any points you earn. It will be useless for you to earn points that will expire before you exchange them. Work out how many points you’ll earn with your expected spending and ensure your card won’t limit the amount of points you’ll earn.

What are the advantages and drawbacks of a high income frequent flyer credit card?

Pros

  • Better earn rates. Most high income frequent flyer credit cards have high earn rates because they award points depending on how frequent you make trips or spend using your credit card. This translates to more points, and therefore more rewards if used correctly.
  • Promotional offers. Many card providers with high income frequent flyer credit card programs attract new customers with signup bonus points and additional perks which will increase your total rewards from the get go.
  • Various reward options. Points accumulated from high income frequent flyer credit cards can be redeemed for a wide range of items including air travel, goods and services, airline class upgrade, discounts, VIP access to lounges or priority bookings.
  • Added benefits. Frequent flyer cards with high income requirements are generally platinum or black cards, and this means they come with the usual premium benefits such as complimentary insurance policies, discounts on services, airport lounge passes and more.

Cons

  • High annual fee. Generally, high income frequent flyer credit cards tend to have relatively high annual fees. This means that you have to spend more on using the credit card to outweigh the annual fee with the value of your redeemed points.
  • High interest rates. Many premium cards with high income requirements and frequent flyer programs will come with a high interest rate compared to regular cards.
  • Exclusive. As suggested by the name, high income frequent flyer credit cards are only available to high income earners, restricting the number of cardholders who can take advantage of its benefits.

High income frequent flyer credit cards pose a number of benefits to a certain type of cardholder. If you’re a high income earner who regularly spends on their credit card, you can receive rewards as you spend and outweigh the costs of the card with the rewards gained. However, if you’re not a high income earner, do not regularly use your credit card or struggle to pay off your balance each month, this card may not be for you. As there are many high income frequent flyer credit cards on the market, it’s ideal to compare the available options with your own financial situation to secure the most suitable card for you.

Back to top

Frequently Asked Questions

How many points will I get on every dollar I spend?

The number and value of your points will depend on a number of factors such as the type of high income frequent flyer credit card program you are signed up for, your tier level on your membership, the kind of airlines and partners your credit card is linked to etc. This means that the number of points per dollar spent and exchange rates are never the same from one card to the next, so be sure to compare this.

What are some of the greatest high income frequent flyer credit cards?

There are different types of high income frequent flyer credit cards and the ‘greatest’ one for you will depend on your financial decision and spending behaviours. Shop around before selecting the type of credit card that suits your needs and abilities most. You should consider such factors as annual fees, earn rates, points expiration and capping and interest rates or interest rate free days before making a choice.

Will I earn points for paying bills or business expenses?

The answer to the first part of this question depends on the card. Some cards are known to allow cardholders to earn points for certain bill payments. In regards to business expenses, personal cards will generally not allow this, although again check with the card provider or look through the Product Disclosure Statement (PDS) to get a definitive answer.

Marc Terrano

A passionate journalist who loves to tell a story. Learning and teaching personal finance is my main lot at finder.com.au. Also enjoys video games and fitness.

Was this content helpful to you? No  Yes

Related Posts

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Credit Cards Comparison

Rates last updated September 23rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback