Credit Cards Available for High Net Worth Individuals – Best Rewards and Benefits
Credit Cards for High Net Worth Individuals
High net worth individuals are eligible for premium rated credit cards because of their net worth.
Therefore, these status symbol Credit Cards offer a broad range of extras:
- High credit limits
- High-interest rates
- Air Miles
- Cash Backs
- Travel
- And also concierge services
Applicants must earn more than R20 000 monthly.
The benefits of premium credit cards can only be reaped if outstanding balances are paid in full every month, and cardholders take advantage of the benefits on offer.
Barclay Card Prime
- Have a R42, 000 minimum monthly income
- R25 initiation fee
- Also, there is a R40 monthly service fee
- Complimentary lounge access at airports
- Purchase and extended warranty protection
- However, there are no Cash Back or Rewards
Additional Visa card privileges include exclusive offers when the cardholder is dining out, traveling and shopping, as well as budget facilities of up to two years.
ABSA Platinum Credit Card
- R25 000 minimum monthly income
- R150 initiation fee
- R40 monthly service fee
- Expert advice
- Also, receive exclusive discounts and offers
- However, there no balance transfer
Additional card privileges include special offers on dining out, lifestyle and shopping. It also offers an extended warranty and purchase protection on big ticket electrical items.
American Express Platinum Credit Card
- R25 000 minimum monthly income
- R165 initiation fee
- R62 monthly service fee
- American Express Card rewards
- Balance transfer available
- And also receive travel insurance
American Express SAA Voyager Premium Credit Card
- R25 000 minimum monthly income
- R1 950 initiation fee
- Also, there are no monthly fees
- Earn 1 air mile for every R6 spent
- Earn 19 000 Bonus Miles on first-time SAA ticket purchases
- However, Air Miles expire after three years
Standard Bank Titanium Credit Card
- R25 000 minimum monthly income
- R145 initiation fee
- Also, there is a R42 monthly service fee
- No fees on purchases
- Free secondary cards
- However, there are no cash back or rewards
FNB Premier Credit Card
- R30 000 minimum monthly income
- R165 initiation fee
- R63 monthly service fee
- Free comprehensive travel insurance
- eBucks rewards – up to 2% on purchases and 15% on fuel
- However, there is no balance transfer
- 55 days interest-free provided outstanding balance is settled in full
- No purchase fees
- Free access to airport lounges when traveling
Nedbank Platinum Credit Card
- R30 000 minimum monthly income
- R165 initiation fee
- Also, there is aR58 monthly service fee
- Travel benefits including insurance and use of airport lounges when traveling
- Extended credit facilities
- However, no cash back or rewards
All info was correct at time of publishing