American Express Essential® Rewards Credit Card
Apply by 23 July 2024

American Express Essential® Rewards Credit Card

Balance transfer

N/A

Purchase rate

23.99% p.a. ongoing

Annual fee

$108.00 p.a. ongoing

Highlights

  • Get up to 80,000 Membership Rewards points. Within your initial 120 days upon applying by 23 July 2024, and getting approved for American Express Essential® Rewards Credit Card, you can accumulate 20,000 Membership Rewards points for every 30 days when you spend $1,000 on eligible purchases using your Card during the first 120 days. T&Cs apply. New American Express Card Members only.
  • You can earn up to 5 points on your first 10,000 points per month.
  • A modest $9 monthly fee is applicable.

Pros and cons

Pros

  • Earn 5 points on eligible restaurants and food delivery, 3 points on selected streaming services, 2 points at selected retailers, and 1 point everywhere else.
  • Enjoy up to 15% back through MyAmexShop
  • Get up to 4 Additional Cards at no extra charge.
  • Comes with Smartphone screen insurance, retail insurance, and Fraud Protection.

Cons

  • Accelerated earn rate is capped.
  • The monthly fee adds up to $108 annually.
  • Doesn't come with travel insurance.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
American Express
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Fair, Good, Very Good, Excellent
Minimum Income
$40,000.00
Temporary Residents Accepted
Yes

Additional cardholders

Additional Cardholders
4
Additional Card Fee Ongoing
$0.00

Credit limits

Minimum Credit Limit
$2,000.00
Maximum Credit Limit
N/A

Repayments

Interest Charged From
Statement date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2.5%

Balance transfers

Balance transfer offer

Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A

Balance transfer conditions

Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A

Rates, fees, charges

Cash advances

Cash Advance Rate
N/A
Cash Advance Fee
N/A
Cash Advance Fee Percentage
N/A
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
23.99% p.a.

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$108.00
Dishonour Fee
$6.00
Duplicate Statement Fee
$7.00
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$30.00

Rewards

Rewards program basics

Rewards Program
Membership Rewards
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
1
Government Rewards Points Earn Rate
1
Overseas Rewards Points Earn Rate
1

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
Yes
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
Yes
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
Yes
Cardholder's Transport Accident Insurance
No

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

This product has not been reviewed yet. Click here to write your review and help others make a better decision.