No pre-set spending limit
Earn up to 2.25 points per $1 spent
Add up to 99 Employee Cards at no additional cost
Complimentary Accor Plus membership (valued at $395 p.a.)
Complimentary Travel Insurances including Business Trip Completion Cover
$1,750 Annual Fee
3% Foreign Transaction Fee
The worst credit card I've ever encountered!!!!
I cannot understand how any legitimate business can function with this card. Firstly the fees are staggering. $1400+ per year (as opposed to $400 per year for the Westpac equivalent of the same card). Secondly, of course, it is frequently not accepted by vendors, making it very unreliable to pay suppliers and requiring me to carry a secondary mastercard for such situations. Thirdly the ONLY way to pay this card balance is via BPAY. As a business, I can move upwards of $50k a month through this card and the BPAY transactions are painfully slow (...several business days) and EXTREMELY expensive. If you combine both the bpay fee and the merchant fee on each transaction, you're actually paying considerably more for items than you would otherwise. Lastly, and this is the kicker for me, the card has no set limit... it has a limit... but they won't tell you what it is, and it will randomly fluctuate. This means when you go to pay a supplier, it could randomly decide you're over your limit and simply refuse the transaction without any warning. The only way to resolve this is to then BPAY an amount onto the card (an amount they won't actually tell you - you have to guess how much the balance will have to be in order to start working again) and then wait several business days for the Bpay to show up before trying again and *possibly* the card then working. This is the most unreliable, and unprofessional way to run a credit card I have ever seen. An absolute farce of a product - I was thrilled to cancel mine. Absolute joke.
- Everyday Expenses
- Online Shopping
- Special Purchases
Do not buy into American Express telling you there are numerous "perks" to this card!! They will get your $450 fee then change your terms and/or set limitations on your business card regardless of Perfect payment history. I am disgusted by the con they provided me with. I could've made my business purchases through such better offers....and one that does not need to be paid in full in 19 days! Do not fall for this one! Much better terms & perks out there!
The unlimited purchase ablility of day-to-day buying
American Express reserves the right to change your terms at any moment
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