Explorer Credit Card

Compare

Basic

Card Level
Card Level
Premium
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
$50,000
Minimum credit limit
Minimum credit limit
$3,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment percent
Minimum repayment percent
2.5
Number free supplementary
Number free supplementary
4
Annual Fee
Annual Fee
$395
Late Payment Fee
Late Payment Fee
$30
Over limit fee
Over limit fee
$15
Duplicate statement fee
Duplicate statement fee
$10
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available
Card Level
Card Level
Premium
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
$50,000
Minimum credit limit
Minimum credit limit
$3,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment percent
Minimum repayment percent
2.5
Number free supplementary
Number free supplementary
4
Annual Fee
Annual Fee
$395
Late Payment Fee
Late Payment Fee
$30
Over limit fee
Over limit fee
$15
Duplicate statement fee
Duplicate statement fee
$10
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available

Rates

Purchase Rate
Purchase Rate
20.74%
Cash advance rate
Cash advance rate
Purchase Rate
Purchase Rate
20.74%
Cash advance rate
Cash advance rate

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
0%
for 12 months then 20.74%
Transfer Limit
Transfer Limit
70%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$50
Balance Transfer Rate
Balance Transfer Rate
0%
for 12 months then 20.74%
Transfer Limit
Transfer Limit
70%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$50

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
3% on AMEX
Overseas charges
Overseas charges
Estimated ATM Cost
Estimated ATM Cost
Foreign Exchange Fee
Foreign Exchange Fee
3% on AMEX
Overseas charges
Overseas charges
Estimated ATM Cost
Estimated ATM Cost

Rewards

Program name
Program name
Amex Membership Rewards Gateway
Rewards Available
Rewards Available
Gift Card, Cash Back
Program name
Program name
Amex Membership Rewards Gateway
Rewards Available
Rewards Available
Gift Card, Cash Back

Eligibility

Minimum age
Minimum age
18
Minimum income
Minimum income
$65,000
Eligibility conditions
Eligibility conditions
No history of bad debt or payment default
Minimum age
Minimum age
18
Minimum income
Minimum income
$65,000
Eligibility conditions
Eligibility conditions
No history of bad debt or payment default

Earn Rates

RateCard TypeEarnsCondition
2 points for $1 spentAMEXuncappedall other eligible purchases
0.5 points for $1 spentAMEXuncappedgovernment bodies

Perks

  • Extended WarrantyWarranty is extended for the same duration as the original warranty up to 1 year.
  • Free Domestic Travel InsuranceAvailable when you use your card to pay for return domestic travel
  • Free International Travel InsuranceAvailable when you use your card to pay for return international travel
  • Free Travel Insurance Days
  • Purchase ProtectionCovers up to $20,000 per year
  • Free Supplementary CardsSupplementary cardholder must be over 18 years of age
  • Airport LoungeUp to two entries per year into the American Express Lounge at Sydney or Melbourne International Airport
Other Benefits
$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.
Other Restrictions
Cash Advance not available

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 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.

Compare your product with the big 4 banks, or add more products to compare
As seen on