Important disclosure

American Express Australia Limited

American Express Low Rate Credit Card

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

Purchase Offers

Enjoy low interest rate on purchases and $0 annual fee

Enjoy our low interest rate of 10.99% on purchases and $0 annual fee. T&Cs apply.

Purchase Rate

10.99%

p.a

Balance Transfer Rate

Not Applicable

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

10.99%

p.a

Balance Transfer Rate

Not Applicable

Annual Fee

$0

Pros and cons

For Low Rate Credit Card

Benefits

  • Ongoing variable purchase rate ranked in the best 20%
  • No Annual Fee
  • Ability to convert large purchases into instalment plans
  • Apple Pay, Google Pay and Samsung Pay available
  • Free supplementary cards
  • Fraud protection
  • Purchase protection insurance

Drawbacks

  • No reward program
  • No balance transfer

American Express Rate Credit card overview

For Low Rate Credit Card

Details

Card Level

Standard

Card Type

AMEX

Interest Free Days

55

Minimum monthly repayment

2.5% or $30

Minimum credit limit

$1k

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

10.99%

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

Rewards Available

-

Eligibility

Minimum age

18

Minimum income

$50k

Eligibility conditions

-

Residency

Perks

  • FREE SUPPLEMENTARY CARDS Supplementary cardholder must be over 18 years of age
  • FRAUD PROTECTION
  • PURCHASE PROTECTION INSURANCE Covers up to $2,500 per item and $20,000 per year with a $50 excess within 90 days of purchase
Specials
  • Purchase OffersOther Enjoy low interest rate on purchases and $0 annual fee
    Enjoy our low interest rate of 10.99% on purchases and $0 annual fee. T&Cs apply.

Other Restrictions

Cash Advance and Balance Transfers not available.

Promoted credit cards

Promoted

Longer Balance Transfer

Visa Platinum Credit Card

  • Balance transfer
Purchase Rate

4.99%

p.a

for up to 5 months, then 19.49%

Annual Fee

$199

Promoted

Lower Fee Balance Transfer

Altitude Platinum (Altitude Qantas)

  • Apple, Google & Samsung Pay
  • Balance transfer
  • Instant approval

Bonus Points

Earn 70,000 bonus Qantas Points and a reduced first year annual card fee.
Purchase Rate

19.99%

p.a

Annual Fee

$99

for 12 months then $175 thereafter

Promoted

Lower Purchase Rate

& Visa Platinum

  • Apple, Google & Samsung Pay
  • Balance transfer
  • Low annual fee
Purchase Rate

7.02%

p.a

Annual Fee

$99

Promoted

Lower Annual Fee

Ready Credit Card

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

19.99%

p.a

Annual Fee

$0