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Explorer Credit Card

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
2 points for $1 spentAMEXuncappedall other eligible purchases
1 point for $1 spentAMEXuncappedgovernment bodies
  • Free Domestic Travel Insurance Available when you use your card to pay for return domestic travel
  • Free International Travel Insurance Available when you use your card to pay for return international travel
  • Free Supplementary Cards Supplementary cardholder must be over 18 years of age
  • Purchase Protection Covers up to $20,000 per year
  • Extended Warranty Warranty is extended for the same duration as the original warranty up to 1 year.
  • Airport Lounge Up to two entries per year into the American Express Lounge at Sydney or Melbourne International Airport

Features

The American Express Explorer credit card comes with a high annual fee, a moderately high interest rate and moderate minimum credit limit.

It offers up to 55 days interest-free on balances, and zero per cent interest on balance transfers for new customers. 

This credit card is packed with perks that might appeal to the savvy traveller. As a customer you’re automatically enrolled in the Membership Rewards Gateway program.

The points you earn can be transferred to other loyalty programs such as Airline Rewards Frequent Flyer and Hotel Rewards Frequent Guest programs.

Fringe benefits such as travel insurance and discounts do come at a cost, though. The annual fee and interest rate is considerably higher than other credit cards.

If you’re eligible for the explorer credit card, you’ll be rewarded with up to two membership points for every dollar spent. And there’s no cap on how many points you can accrue.

Pros
  • No cap on points
  • Free airport lounge access
  • 0% balance transfer offer
Cons
  • High annual fee
  • High interest rate
  • No cash advances

Who is it good for?

If you’re a frequent flyer you might find the comprehensive travel insured offered by this credit card beneficial. 

The types of insurance available for cardholders include travel inconvenience insurance for delayed flights and baggage; money and documentation cover; travel cancellation cover; medical emergency expenses cover; and smartphone screen insurance.

The card also gives you the option of using your points with any of American Express’s eight airline partners and associated programs. So your choice of travel isn’t limited, either.

The American Express Explorer credit card is ideal for people who prefer to use their credit card for purchases and payments, instead of using cash.

By doing so, you’re rewarded with extra protections and assurances such as extended manufacturers warranties, and refund and fraud guarantees.

Using your credit card for payments or spending points has been made convenient thanks to Apple Pay, Samsung Pay and Google Pay.

What RateCity says

The American Express Explorer credit card is loaded with features for people who fly a lot, from comprehensive travel insurance options to complimentary airport lounge access.

It’s a credit card that rewards users for choosing it over cash for purchases and payments. And the protections offered for purchases and payments are generous.

The reward program itself pays handsomely, offering up to two points for every dollar spent with no cap. You can also use the points earned to pay for charges on the card.

The features offered by this credit card make it one of the more expensive products on the market. And to get your hands on one, you need to meet the income requirements.

It’s worth noting that there is no cash advance facility with this card. If being able to withdraw money is an important feature of a credit card, this may not be the one for you.

Applying/eligibility

To be eligible for the American Express Explorer credit card you must be at least 18 years old and have a gross (pre-tax) annual income of $65,000 or more. Your credit rating needs to be squeaky clean, with no history of bad debt or payment defaults. This credit card is only available to Australian citizens, permanent residents or holders of a current business long stay visa. Statements for this credit card are available online only. 

About American Express

American Express, also known as Amex, is an American multinational financial services corporation that was founded in 1850. It’s headquartered in New York City’s World Financial Centre and is an issuer of American Express cards. American Express provides merchant card transaction acquiring facilities and arranges insurance services issued by various third parties. The company claims to be one of the world’s most trusted brands and strives to provide a world-class service and personal recognition for its customers.

FAQs

The credit card market changes all the time, so the credit card with the highest annual percentage rate is also liable to change.

One thing to remember is that credit card interest rates are expressed as a yearly rate, or annual percentage rate (APR). A low APR is generally good but also consider:

  • There can be different APRs for each feature of the card (e.g. purchases may have an APR of 14 per cent, while cash advances on same card could have an APR of 17 per cent
  • Credit cards with a variable rate can change throughout the year, affecting your APR, so check the full details
  • If you pay your balance in full every month, having the lowest APR is not as important as the other fees associated with the card. However, if you carry a balance from month to month, then you want the lowest APR possible
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