Explorer Credit Card
Bonus PointsReceive 70,000 Membership Rewards Bonus Points when you apply online, are approved and spend $3,000 on your Card within the first 3 months.
- Last updated on 06 Apr 2020
Balance Transfer Rate
for 12 months then 20.74%
Max Free Days
- Balance Transfers Available
- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Purchase protection insurance
- Extended warranty
- Airport lounge
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
for 12 months then 20.74%
$10,000 or 70%, whichever is lower
Balance Transfer Fee
Foreign Exchange Fee
3% on Amex
Estimated ATM Cost
Amex Membership Rewards Gateway
Gift Card, Cash Back
No history of bad debt or payment default
457 Visa holder
|2 points for $1 spent||AMEX||uncapped||all other eligible purchases|
|1 point for $1 spent||AMEX||uncapped||government 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 INSURANCE 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
- Bonus Points Receive 70,000 Membership Rewards Bonus Points when you apply online, are approved and spend $3,000 on your Card within the first 3 months.This offer is available to new Card Members, as well as Bank-issued American Express companion cardholders. Receive $400 travel credit every year. 0% p.a. on balance transfers for the first 12 months — A one-off credit plan establishment fee of 1% applies to any balances transferred. If you pay your Balance Transfer over time, an interest-free period will not apply to your purchases. T&Cs apply.
Receive $400 travel credit every year. 0% p.a. on balance transfers applies for the first 12 months (one-off establishment fee of 1% applies). Smartphone Screen Insurance for up to $500 for screen repairs to your Smartphone when you pay for your phone or contract with your card.
Card Members who currently hold or who have previously held any Card product issued by American Express in the preceding 18 month period are ineligible for the 75,000 Bonus Points Offer. Previous and existing bank-issued American Express companion cardholders are eligible for this offer. Cash Advance not available.
Compare and review credit cards with similar features
American Express, commonly known as AMEX, is a multinational financial services corporation headquartered in New York.
AMEX is the world’s largest credit card issuer by purchase volume. Alongside AMEX credit cards, the company provides personal financial products such as travellers’ cheques, as well as business and corporate financial services.
American Express has a corporate office in Sydney and various currency exchanges around Australia, but no dedicated customer service branches. ATM access is available through AMEX’s network of partner ATMs.
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.
- No cap on points
- Free airport lounge access
- 0% balance transfer offer
- 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.
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.
The credit card market changes all the time, so the credit card with the highest annual percentage rate is also liable to change.
Keep in mind 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 APR's 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.
CVV stands for ‘card verification value’, and is also sometimes referred to as a CVC or card verification code.
A CVV code is usually needed when the card is used online or over the phone as an anti-fraud measure. Without the cardholder being physically present to sign or verify the purchase, the CVV provides an extra layer of protection.
If you’re using Mastercard or Visa, the CVV is the three digits located on the back of the card. If you’re using an American Express, the CVV is usually four digits and is on the front of the card.
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers. Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14.
The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid.
Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.