$200 Travel Credit each year
Earn up to 3 Membership Rewards Points per $1
0% p.a. on Balance Transfers for the first 12 months
Complimentary Travel Insurance
$195 Annual Fee
1% Balance Transfer Fee
|Category||Frequent Flyer & Travel Credit Cards, Balance Transfer Credit Cards and Rewards Credit Cards|
|Card Type||American Express|
|Benefits||Complimentary Travel Insurance and Travel Credit|
|Minimum Credit Limit||$3,000|
|Rewards Program||American Express Membership Rewards|
|Points Earn Rate||3 points per $1|
There is no cap on earn rate.
|Contactless Payments||Apple Pay, Fitbit Pay, Google Pay and Samsung Pay|
|Rates & Fees|
|Purchase Rate||20.74% p.a.|
|Late Payment Fee||$30|
|Annual Fee||$195 p.a.|
|Interest Free Period||55 days|
|Balance Transfer Rates|
|Balance Transfer Period||12 months|
|Balance Transfer Rate||0% p.a.|
|Balance Transfer Fee||1%|
|Release date||Aug 2006|
Disappointed with the reduction of reward points
changing the partner airline points
Recently have received a letter stating the transferring amex points to frequent flyer points will change as of the 15 April 2019. So with all the points you will accrue after this date they will half what you can transfer> I prefer Velocity Frequent Flyer, I so now its 2 amex point will get me 1 velocity point. blah. I would always use my amex card all the time to earn points but now I just dont think this card is worth it. First they took away the annual return domestic flight and now this. Make sure whe...
Engine Failure on Free Flight Offer
Note that several of the reviews below are positive based largely on the free flight offer. And up until now I would have agreed with them. But things have changed. The free flight offer has been withdrawn and replaced with a $200 credit. One reviewer notes his flight would have been $700, so his benefit is now effectively reduced by $500. Another that a flight would have $600, a benefit that is now reduced by 67%. And I've just priced (via Amex travel) my next booked free flight (yet to be taken) at $318, so with the new system I'd be $118 out...of pocket. What was a reasonable offset for an expensive card fee has now been arbitrarily, without discussion, and with a very short lead time, removed. You may want to think again about applying for this card. Also I had another issue earlier this year and received very unsatisfactory service. I moved to Amex because they had an email facility for customer service. But on this last issue they simply insisted (via email) that I call to receive an answer. The number supplied was the same number I'd unsuccessfully used before, hence the email :) It would appear that the customer service system has the wobbles as well.
Minimal Cover Travel Insurance - ask questions and read the fine print before travelling
I used my card to book a hire car at Seattle, the Amex travel insurance did not cover the hire car loss of personal items, notebook , travel documents and passport which was broken in to later . The Amex Travel Insurance cover does not activate unless you buy your air, train or bus ticket with your Platinum Card. You must keep all records and itinerary for claims. The Amex ACE travel insurance is value to a point, but does not cover any collision damage waiver claims whatsoever so is near useless for car rentals. I used another business card to...cover the Air Ticket so l could not make a claim. I have checked with all the Australian banks, the best card for travel is the National Australia Bank Platinum Visa Card, it covers all travel insurance and the rental car waivers as required as long as the value of the air, bus or travel ticket exceeds $500.00 and is purchased with the NAB PIatinum Visa Card. Check with National Australia Bank for their travel insurance conditions, I think you will get the best travel insurance value with National Australia Bank Platinum Visa Card.
Bad service for retirees
It seems that no matter how wealthy one is the AMEX system is geared to help those with high incomes not high wealth. With a higher % of retirees, many wealthy, in the population I hope they change or they will fade away.
Free Flight - Limitations
I have used this card for several years and find it very suitable. The only negative is with the 'free flight'. This is limited to major city departure points. I have two regional airports, Newcastle and Port Macquarie both serviced by Virgin however I cannot fly out of them. I can book a flight from Brisbane to Newcastle return, but I cannot book a flight from Newcastle to Brisbane return - seems Irish to me. So rather than give the flights away each year, I am giving the card away. i have raised the issue with them, however there appears to be no flexibility with it.
Average Reward Program with Exorbitant Fees
Used the card for few years and although it looked attractive in the beginning. Its outrageous paying $149/yr on a card that charges 21.55% interest.
A quick summary on their rewards and if they are really useful:
- Their complementary insurance has nearly 3 times exclusions making it almost worthless.
- Their reward program is above average however be prepared to pay surcharges in 1 in 5 retailers and spend over 150K/Yr to reap any noticeable benefit.
- 1 in 3 retailers wont accept amex so you would have to keep a second card handy at al...
No one accepts it.
I took out this card as I bank with a bank that doesn't have a rewards credit card. I purchase everything I can on this and use the points towards tickets etc.
The no touch only works with certain readers and you find yourself having to touch, then insert then swipe and finally sign... which is ridiculous in this day and age. It makes you feel you have no money left on your card.
Amex needs to review their fee structure There are too many places that don't accept this card.
I am constantly filling out the form for places that don't accept the card. I refuse to pay the surcharge that even the most popular places add.
Touch and go is flakey. No one seems to want to accept it.
I've been using this card for about two years now through the Australian Institute of Architects, this gives me a reduced professional fee on the card. Generally I have found it to be very good, it even got us out of a spot of bother overseas when my partners Visa debit card wasn't accepted.
I usually top this card up with my own cash before I use it, because as a platinum card the interest rate is high. If I don't top it up I always pay off the bill in full so I don't attract interest.
I use it for all my general shopping and fuel costs..., then ill pull out my Woolworths Qantas everyday rewards card which gets me 4x Qantas points in some instances, my air points balance has climbed considerably since I got this card without really changing my spending habits. Only bad thing would be some retailers charging a AMEX surcharge on purchases. Usually if they do this I reach for visa debit, then I press credit instead of savings, this is my way of getting these annoying retailers back, as I make THEM pay an unnecessary fee to Visa. Two can play this surcharge game! Qantas points up to 3x points at some retailers. Surcharges at some businesses. Just pull out visa debit and press Credit instead of savings, this makes them pay an unnecessary fee to Visa. My way of getting them back for trying to waste my money.
Overall I think American Express offer a great service and have a very good acceptance rate when compared to some other cards.
Being a platinum card credit card it came with a number of additional features like a American Express personal asistant to help purchase unsual things or to help when you find yourself stuck. The rewards program offers is terrific in a dollar per point and points per reward. They also send a travellers magazine which is informative and tempting.
Interest Rate if you don't pay the full balance.
The merchant fees for American Express are higher then some other cards.
Think this is a great card if you use it wisley. Offers good perks but only good if you utilise them. American Express great for customer service.
Get free domestic trip per year, travel insurance and other perks. Competative interest rate, great customer service, great points system
A lot of retailers do not take amex and annual fee high
It is great I wish that they offered a cheaper annual fee because that really lets this card down. The rewards program is very good they give you about an extra half point per dollar than other cards.
It comes with a free flight Australia wide and it is very upperclass, the limit is very high which means that you will be able to spend up big.
The annual fee is about tripple of it's competitors prices which makes is hard to justify spending $300 + a year for the right to spend money that you are going to pay fees on.
Questions & Answers
Sorry, there are no questions yet.
Get an answer from our members
Other Frequent Flyer & Travel Credit Cards
ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.