Offers a $0 annual fee in the first year, which goes to $195 after that.
The American Express Platinum Edge credit card stands out with its annual travel credit benefit, offering $200 each year to use towards flights, accommodation, or car hire bookings made through American Express Travel. Additionally, the card features a current introductory offer with a $0 annual fee for the first year.
The Amex Platinum Edge is also known for its high earn rates: you’ll earn 3 points per $1 spent at major petrol stations and supermarkets, such as Coles and Woolworths. For international purchases, you’ll earn 2 points per $1, and 1 point per $1 on other eligible expenses, including government transactions like ATO bills.
Your rewards can be redeemed in various ways, including gift cards, statement credits, shopping with partners, travel bookings, and point transfers to partnered programs such as Velocity Frequent Flyer, Singapore Airlines KrisFlyer, and Hilton Honors. This flexibility provides numerous options for making the most of your points.
Pros | Cons |
|---|---|
$0 annual fee in the first year | High 23.99% p.a. ongoing purchase rate |
$200 American Express Travel Credit every year | $195 annual fee from the second year onwards |
Up to 3 points per $1 spent, uncapped | 3% foreign transaction fee |
The Amex Platinum Edge earns between 1 and 3 Membership Rewards points per $1 spent on eligible purchases. You can redeem these points for a variety of rewards, including gift cards, travel, and shopping at stores like David Jones, PayPal, or Myer. The card also provides a $200 annual American Express Travel Credit that can be used for both domestic and international travel, along with complimentary travel insurance and other coverage options.
Currently, new American Express card members can benefit from a $0 annual fee for the first year when applying online. After the first year, a $195 annual fee applies, which can be offset by utilizing the annual travel credit.
Details of American Express Platinum Edge Credit Card
Product Details
Product Name | American Express Platinum Edge Credit Card |
Purchase rate p.a. | Purchase rate p.a. 23.99% |
Interest-free period | Up to 55 days on purchases |
Min credit limit | $3,000 |
Card type | American Express |
Eligibility
Available to temporary residents | Yes - Conditions Apply |
Joint application | No |
Rewards
Rewards program | Membership Rewards |
Bonus points | N/A |
Rewards points per $ spent | 1 |
Rewards points cap | Uncapped |
Fee
Annual fee | Annual fee $0 first year ($195 after) |
Minimum monthly repayment | 2.5% of the closing balance or $30, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Additional cardholder fee | $0 |
Number of additional cardholders | 4 |
How to Apply
You can apply for the American Express Platinum Edge Credit card online in approximately 10 minutes and should receive a response within 60 seconds. Before you start the application, make sure you've met the eligibility requirements and organised the necessary documents.
Eligibility Criteria
New Cardholder: To qualify for the $0 annual fee offer, you must be a new American Express cardholder and not have held an American Express credit card in the past 18 months.
Residency: You need to be an Australian citizen, permanent resident, or hold a current long-term visa (12 months or more, excluding student visas) to apply.
Credit History: You should have a clean credit history with no record of bad debt or payment defaults. If you’re unsure of your credit score or the details on your credit file, it’s a good idea to check before applying.
Age Requirement: Applicants must be at least 18 years old.
Required Documents
Personal Information: You will need to provide your full name, contact details, and driver's license number.
Employment Information: This includes your job title, length of employment, salary, and your employer’s contact details.
Financial Information: You should provide details about your annual salary, as well as any investments such as shares or savings. Additionally, you'll need to disclose any existing debts and ongoing financial obligations, including rent or mortgage payments, bill payments, and other household expenses.
This straightforward application process is designed to accommodate Australians searching for an effective credit card solution that manages existing debt efficiently while offering new purchasing power.
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