Important disclosure
Pros and cons
For Platinum Edge Credit Card
Benefits
- Rewards Available through Amex Membership Rewards Ascent
- Extra 15,000 points subject to eligibility conditions
- $0 annual fee in the first 12 months and $195 p.a thereafter.
- Ability to convert large purchases into instalment plans
- Apple Pay, Google Pay and Samsung Pay available
- Domestic travel insurance
- International travel insurance
- Free supplementary cards
- Extended warranty
- Purchase protection insurance
Drawbacks
- Higher than average ongoing variable purchase rate
- Higher than average ongoing annual fee
- No balance transfer
American Express Rate Credit card overview
For Platinum Edge Credit Card
Details
Card Level Platinum | Card Type AMEX |
Interest Free Days 55 | Minimum monthly repayment 2.5% or $30 |
Minimum credit limit $3k | Maximum credit limit $50k |
Free supplementary cards | Instant Approval |
Target Market Determination Visit American Express Australia Limited to view Target Market Determination. |
Fees
Annual Fee $0 for 12 months then $195 thereafter | 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 23.99% 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 Ascent |
Rewards Available Gift Card |
Eligibility
Minimum age 18 |
Minimum income $50k |
Eligibility conditions - |
Residency |
Perks
- DOMESTIC TRAVEL INSURANCE Available when you use your card to pay for return domestic travel
- 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
- EXTENDED WARRANTY Warranty is extended for the same duration as the original warranty up to 1 year
- PURCHASE PROTECTION INSURANCE Covers up to $2,500 per item and $20,000 per year with a $50 excess within 90 days of purchase
- Other $0 Annual Card Fee in the first year, saving you $195$0 Annual Card Fee in the first year, saving you $195, when you apply online. New Card members only. T&Cs apply.
Other Restrictions
Cash Advance and Balance transfers are not currently available on new American Express Credit Card applications. Travel Credit redeemed for eligible travel booked and paid online through AMEX travel.