The lowdown.
About American Express credit cards
American Express (Amex) is a globally recognised financial institution offering a diverse range of credit cards in Australia, known for their robust rewards programs and premium benefits. In Australia, Amex provides cards linked to Qantas Frequent Flyer, Velocity Frequent Flyer, and the Amex Membership Rewards scheme, with transfer options to various airline partners. Alongside low-rate and no-annual-fee options, Amex also caters to business owners with tailored corporate cards.
New customers can take advantage of introductory offers, such as bonus points (up to 350,000 in some cases), promotional interest rates, or exclusive travel perks, enhancing the value of their card from the outset.
Types of American Express credit cards
American Express offers a variety of credit cards to suit different financial needs and lifestyles. Here are some key Amex credit card options available:
- Rewards credit cards: Amex Membership Rewards cards earn points per dollar spent, redeemable for travel, hotel stays, gift cards, shopping at retailers like David Jones or Myer, or transfers to airline loyalty programs such as Emirates Skywards, Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles or Etihad Guest Miles.
- Frequent flyer credit cards: Tailored for Qantas or Velocity Frequent Flyer members, these cards earn Qantas Points or Velocity Points directly, with options featuring no annual fees or premium perks like travel insurance and lounge access.
- No annual fee credit cards: Cards like the Qantas American Express Discovery Card have no annual fee, offering rewards, Amex Offers, and instalment plans with fewer points per dollar compared to premium cards.
- Low rate credit cards: The Amex Low Rate Credit Card provides competitive interest rates, no annual fee, and access to exclusive Amex Experiences and shopping discounts.
- Business and corporate credit cards: Designed for businesses, these cards offer employee cards, accounting software integration (e.g., MYOB), and the ability to earn Membership Rewards or frequent flyer points.
Benefits of American Express credit cards
American Express credit cards are designed to deliver exceptional value and convenience for cardholders. Here are some compelling reasons to consider an Amex credit card:
- Membership Rewards program: Earn points on everyday purchases, transferable to airline partners like Qantas, Velocity, or Emirates, or redeemable for travel, shopping, dining, or gift cards.
- Exclusive access: Enjoy premium perks such as airport lounge access, Priority Pass, travel insurance, concierge services, and invitations to special events, enhancing your lifestyle and travel experiences.
- Introductory offers: New cardholders may receive significant bonus points or promotional benefits, accelerating rewards accumulation in the early months of card use.
- Travel benefits: Select cards offer complimentary travel insurance, flight credits, or lounge passes, adding value and convenience for frequent travellers.
- Superior customer service: Amex is renowned for its 24/7 dedicated support, ensuring prompt assistance for any card-related queries or issues.
Eligibility criteria for American Express credit cards
Eligibility requirements for American Express credit cards vary by card type, but the following general criteria typically apply:
- Age: Applicants must be at least 18 years old to apply.
- Residency: You must be an Australian citizen, permanent resident, or hold a long-term visa (12 months or more, excluding student visas).
- Credit history: A strong credit history is required to demonstrate creditworthiness.
- Income: A minimum income level is typically needed, varying by card type and benefits offered.
- New cardholder status: For bonus points offers, you must be a new Amex cardholder, not having held an Amex card in the past 18 months or currently holding one.
Review the specific eligibility criteria for your chosen card to ensure you meet all requirements before applying.
How to apply for an American Express credit card
Applying for an American Express credit card is a quick process, typically completed online in about 10 minutes. Follow these general steps to apply:
- Select a card: Explore Amex’s range of credit cards to choose the one that best aligns with your spending habits and financial goals.
- Check eligibility: Verify that you meet the eligibility criteria, including age, residency, credit history, and new cardholder status for bonus offers.
- Gather documents: Prepare necessary documentation, such as proof of identity (e.g., driver’s licence), employment details, savings, expenses (e.g., rent, loans), and, for business cards, ABN/ACN and financial information.
- Submit application: Complete the online application form on the American Express website, ensuring all personal, financial, and contact details are accurate.
- Wait for approval: Amex will review your application and conduct a credit check. You’ll be notified of the outcome, typically within a few business days.
- Receive card: If approved, your American Express credit card will be mailed to you, along with instructions for activation and use.
Providing accurate and complete information during the application process is essential to improve your chances of approval.
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Credit cards similar to American Express
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