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American Express - The American Express Platinum Edge Credit Card

The American Express Platinum Edge Credit Card has a purchase rate of 23.99% p.a.. It has an earn rate of 3 points per dollar spent at major supermarkets and petrol stations. Additionally, it earns 2 points per dollar spent on purchases in a foreign currency when overseas and online and 1 point per dollar spent anywhere else.

Compare Credit CardsProduct Image For American Express - The American Express Platinum Edge Credit Card
A $195 annual fee and a rate on purchases of 23.99% p.a..
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Annual Fee

$0 for the first year reverts to $195 per year thereafter

Purchase Rate

23.99% p.a.

Interest Free Period

up to 55 days

Rewards Rate One

3 point(s) per AUD$1 On spent at major supermarkets and petrol stations
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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
$3,000

Fees

Annual Fee
$0 for the first year
reverts to $195 per year thereafter
Late Payment Fee
$30
per statement
Cash Advance Fee
2% or $2.50
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders

Rates

Purchase Rate
23.99% p.a.

Overseas Spending

Foreign Currency Conversion Fee
3%
per transaction

Eligibility

Minimum Age
18
years old
Temporary Residents
Yes

Rewards

Program
Membership Rewards
Types
Airline partner points, Hotels, Gift cards

Reward Rates

Rewards Rate One
3 point(s) per AUD$1
On spent at major supermarkets and petrol stations
Rewards Rate Two
2 point(s) per AUD$1
On spent in a foreign currency when overseas and online

Perks

Complimentary Travel Insurance
Yes
Airport Lounge Access
No

Who is the product designed for?

The retail clients for whom this product has been designed are individuals who:

  • want to make purchases on credit with the ability to earn Membership Rewards points and access travel and insurance benefits
  • 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
  • are willing and able to pay an interest rate of 23.99% p.a and an annual fee of $195.
Visit American Express to view Target Market Determination Effective From: 2023-10-20.

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