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American Express - Low Rate Credit Card

The American Express Low Rate credit card has 55 days interest-free on purchases and a purchase rate of 10.99% p.a.. No annual fee. Up to 4 additional cardholders can be added for $0.

Compare Credit CardsProduct Image For American Express - Low Rate Credit Card
Purchase interest rate of 10.99% p.a. and a $0 annual fee.
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Annual Fee

$0 per year

Minimum Repayment

2.50% or $30 per statement, whichever is greater

Purchase Rate

10.99% p.a.

Interest Free Period

up to 55 days
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Details

Card Type
American Express
Minimum Repayment
2.50% or $30
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$1,000

Fees

Annual Fee
$0
per year
Late Payment Fee
$30
per statement
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders

Rates

Purchase Rate
10.99% p.a.

Overseas Spending

Foreign Currency Conversion Fee
3%
per transaction

Eligibility

Minimum Age
18
years old
Temporary Residents
Yes

Perks

Complimentary Travel Insurance
No
Airport Lounge Access
No

Who is the product designed for?

The Target Market for this credit card are consumers who:

  • are looking to make purchases on credit with a card that charges no annual fee and an interest rate of 10.99%; and
  • earn a sufficient income to enable them to pay their outgoings and living expenses, in addition to their card repayments each month without experiencing financial hardship.
Visit American Express to view Target Market Determination Effective From: 2023-10-20.

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