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American Express Platinum Edge Credit Card
Balance transfer
N/A
Purchase rate
23.99% p.a. ongoing
Annual fee
$0.00 for 1st year
Highlights
- No annual fee in the initial year, saving you $195.
- Accrue 3 Membership Rewards points for every $1 spent at major supermarkets and petrol stations.
- Access $200 allocated for annual travel expenses, applicable towards eligible flights, hotels, or car rentals when booked through American Express Travel.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
American Express
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes
Eligibility
Joint Application Accepted
N/A
Minimum Age
18 years
Minimum Credit Rating
Fair, Good, Very Good, Excellent
Minimum Income
$50,000.00
Temporary Residents Accepted
Yes
Additional cardholders
Additional Cardholders
4
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$3,000.00
Maximum Credit Limit
N/A
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2.5%
Balance transfers
Balance transfer offer
Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A
Balance transfer conditions
Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
50%
Balance Transfer Revert Rate
N/A
Rates, fees, charges
Cash advances
Cash Advance Rate
N/A
Cash Advance Fee
N/A
Cash Advance Fee Percentage
N/A
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
23.99% p.a.
Account fees
Annual Fee Initial Year
$0.00
Annual Fee Ongoing
$195.00
Dishonour Fee
$6.00
Duplicate Statement Fee
$10.00
Foreign Exchange Fee Percentage
N/A
Late Payment Fee
$30.00
Rewards
Rewards program basics
Rewards Program
Membership Rewards
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
1
Government Rewards Points Earn Rate
1
Overseas Rewards Points Earn Rate
2.00
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
N/A
Cardholder's Extended Warranty Insurance
N/A
Cardholder's International Travel Insurance
Yes
Cardholder's Interstate Flight Inconvenience
Yes
Cardholder's Personal Item Theft Cover
Yes
Cardholder's Price Protection Insurance
N/A
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
Yes
Cardholder's Transport Accident Insurance
Yes
Travel and lifestyle
Airport Lounge Access Included
N/A
Concierge Service Included
N/A
Complimentary Flight Voucher Included
N/A
Complimentary QFF Membership Included
N/A
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. Get up to 4 additional cards at no extra cost.
- Digital wallets. You can use this card with Apple Pay, Google Pay, and Samsung Pay.
- Gambling transactions. This card cannot be used for gambling transactions.
Rewards and benefits
- Complimentary travel insurance. Cardholders have access to complimentary international travel insurance.
- Concierge services. The American Express Platinum Edge does not include a concierge service.
- Insurances. Offers Overseas Medical Emergency Expenses Cover, Personal Liability Cover, Travel Cancellation Cover, Travel Inconvenience Cover, and up to $10,000 cover for loss or damage to baggage, money, or documents.
- Rewards points. Use the American Express Platinum Edge Credit Card to earn 3 points at major supermarkets and petrol stations, 2 points on purchases in a foreign currency when overseas and online, and 1 point on all other purchases.
- Sign-up bonus. There is no ongoing sign-up bonus for this card at the moment.
Rates and fees
- Annual fee. The annual fee for the first year is $0, then $195 p.a. after that.
- Balance transfers. There is no balance transfer offer on this card at this time.
- Cash advances. Cash advances will be charged interest at the cash advance interest rate of 23.99% p.a.
- Foreign exchange fee. All purchases made in a foreign currency will encounter a 3% foreign transaction fee.
- Interest-free period. This card offers an interest-free period of up to 55 days on purchases except for cash advances if you have paid off your previous balance or made the minimum required payments
- Purchases. Purchases made with this card will attract the standard rate of 23.99% p.a. interest.
Reviewed by Credit Card Compare Staff
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
I try to use this card wherever possible
Reviewed by Suzanne B
I love this credit card!
Reviewed by Bill
Throw away your wallet and just carry an AmEx
Reviewed by Linga
Exceptional card with great rewards
Reviewed by Rocky Bali
Love the free flight
Reviewed by Liz
Happy with airline points
Reviewed by M.
Pretty good deal!
Reviewed by Paul
Free reward flight and low fee
Reviewed by Ilias
Fantastic card that earns you money and rewards
Reviewed by Jess
A good card to have
Reviewed by Tony
Good card, but I'd prefer wider acceptance
Reviewed by Bevan
Best credit card on the market
Reviewed by Michael
Good rewards easily offset the annual fee
Reviewed by Mat
Good value credit card, hopefully nothing changes
Reviewed by James
Benefits offset the annual fee
Reviewed by Sugiarto
Good credit card but I won't be renewing it
Reviewed by Erin
Flight benefit changed, so unsure going forward
Reviewed by Valerie
Exceptional service
Reviewed by Mark
Perhaps best rewards card on the market
Reviewed by M
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