Best Premium Credit Cards

Premium credit cards come with the highest annual fees but also the best perks: airport lounge access, concierge services, comprehensive travel insurance, and accelerated rewards earn rates. They make sense for high spenders who'll use the benefits.

Platinum Card

American Express · Amex

$1450/yr0% p.a.51 interest-free days

🎁 200,000 bonus Membership Rewards points

high spenderstravel

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Explorer Credit Card

American Express · Amex

$395/yr20.74% p.a.51 interest-free days

🎁 100,000 bonus Membership Rewards points

high spenderstravel

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Ultimate Awards Credit Card

CommBank · Mastercard

$375/yr20.74% p.a.55 interest-free days

🎁 100,000 bonus Awards points

high spenderstravel

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Citi Prestige Card

Citi · Visa

$700/yr20.74% p.a.No FX fees55 interest-free days

🎁 130,000 bonus Citi reward Points

premium travelhigh spender

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Altitude Black

Westpac · Mastercard

$250/yr20.49% p.a.No FX fees55 interest-free days

🎁 100,000 bonus Altitude Points

premiumtravelno FX fees

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Diamond Awards

CommBank · Mastercard

$350/yr20.74% p.a.No FX fees55 interest-free days

🎁 200,000 bonus Awards points

premiumrewardstravel

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Black Card

Macquarie · Visa

$199/yr20.74% p.a.No FX fees55 interest-free days

🎁 70,000 Qantas Points

qantas pointspremiumtravel

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Premier

Citi · Visa

$349/yr20.74% p.a.No FX fees55 interest-free days

🎁 100,000 Citi Points

flexible pointstravelpremium

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Black

ANZ · Visa

$375/yr20.74% p.a.No FX fees55 interest-free days

🎁 120,000 ANZ Reward Points

high spenderpremiumlounge access

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Ultimate Awards

CommBank · Mastercard

$450/yr20.74% p.a.No FX fees55 interest-free days

🎁 130,000 Awards points

high spenderpremiumcommbank customer

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Diamond Awards

CommBank · Mastercard

$349/yr20.74% p.a.No FX fees55 interest-free days

🎁 80,000 Awards points

premiumcommbank customer

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💡 Tips for Choosing a Premium Credit Cards

1.Do the maths: list every perk you'd actually use and assign a dollar value. Does it exceed the fee?
2.Airport lounge access alone can be worth $50-70 per visit — frequent flyers benefit most
3.Complimentary travel insurance can save $200+ per trip for a family
4.Income requirements are typically $100K+ — check before applying to avoid a credit inquiry

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Information is general in nature and does not constitute financial advice. Product details may change — always verify with the provider. Last updated March 2026.