Important disclosure

American Express Australia Limited

American Express Essential Credit Card

  • Apple, Google & Samsung Pay
  • No annual fee
  • Instant approval

special

Earn Membership Rewards points with a $0 annual card fee

when you apply online and are approved. T&Cs apply. New Card Members only. Offer subject to change without notice.

Purchase Rate

18.99%

p.a

Balance Transfer Rate

Not Applicable

Tags
  • Apple, Google & Samsung Pay
  • No annual fee
  • Instant approval
Purchase Rate

18.99%

p.a

Balance Transfer Rate

Not Applicable

Annual Fee

$0

Pros and cons

For Essential Credit Card

Benefits

  • Lower than average ongoing variable purchase rate
  • Rewards Available through Amex Membership Rewards Gateway
  • No Annual Fee
  • Ability to convert large purchases into instalment plans
  • Apple Pay, Google Pay and Samsung Pay available
  • Free supplementary cards
  • Extended warranty
  • Purchase protection insurance

Drawbacks

  • No balance transfer

American Express Rate Credit card overview

For Essential Credit Card

Details

Card Level

Standard

Card Type

AMEX

Interest Free Days

55

Minimum monthly repayment

2.5% or $30

Minimum credit limit

$2k

Maximum credit limit

$25k

Free supplementary cards

Instant Approval

Target Market Determination

Visit American Express Australia Limited to view Target Market Determination.

Fees

Annual Fee

$0

Annual Fee Spend Waiver

Supplementary card annual fee

$0

Late Payment Fee

$30

Over limit fee

$15

Duplicate statement fee

$10

Electronic Wallet Service

Important Rates

Rates

Purchase Rate

18.99%

p.a

Cash advance rate

Cash advance fee

Balance Transfer

Balance Transfer Rate

Not Applicable

Transfer Limit

Balance Transfer Fee

Overseas spending

Foreign Exchange Fee

3% on Amex

Overseas charges

Estimated ATM Cost

-

Rewards

Program name

Amex Membership Rewards Gateway

Rewards Available

Gift Card

Eligibility

Minimum age

18

Minimum income

$40k

Eligibility conditions

-

Residency

Perks

  • FREE SUPPLEMENTARY CARDS Supplementary cardholder must be over 18 years of age
  • EXTENDED WARRANTY Warranty is extended for the same duration as the original warranty up to 1 year.
  • PURCHASE PROTECTION INSURANCE Covers up to $10,000 per year
Specials
  • Other Earn Membership Rewards points with a $0 annual card fee
    when you apply online and are approved. T&Cs apply. New Card Members only. Offer subject to change without notice.

Other Restrictions

Cash Advance and Balance Transfers not available

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Lower Purchase Rate

Orange One Low Rate

  • Apple & Google Pay
  • No annual fee
Purchase Rate

11.99%

p.a

Annual Fee

$0

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Black Card

  • Apple & Google Pay
  • Balance transfer
  • No annual fee
  • Instant approval

RateCity Exclusive

Earn 2 rewards points per dollar on your eligible spend at Kogan.com (1000 Points = $10 of Credit)
Purchase Rate

0.00%

p.a

for up to 9 months, then 20.99%

Annual Fee

$0

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Lifestyle

  • Apple & Google Pay
  • Balance transfer
  • No annual fee
Purchase Rate

4.99%

p.a

for up to 5 months, then 12.84%

Annual Fee

$0

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Qantas Premier Everyday

  • Balance transfer
  • Low annual fee
Purchase Rate

19.99%

p.a

Annual Fee

$49