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American Express Platinum Edge Credit Card

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Terms and conditions apply

Purchase rate: 23.99% p.a.
Reward point per $ spent: 1
Annual fee for the first year ($195 p.a. thereafter): $0 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Offers a $0 annual fee in the first year, which goes to $195 after that.

The American Express Platinum Edge credit card is one of the few cards that offers a yearly travel credit. In this case, you’ll get $200 each year that you can put towards a flight, accommodation or car hire booking made through American Express Travel. And this card’s current introductory offer also gives you extra value with a $0 annual fee in the first year.

The Amex Platinum Edge also has a high earn rate of 3 points per $1 spent at major petrol stations and supermarkets – including Coles and Woolworths. It also earns 2 points per $1 overseas and 1 point per $1 on other eligible spending, including government transactions (such as ATO bills). Rewards include gift cards, statement credit, shopping with partners, travel bookings and point transfers to partnered programs – including Velocity Frequent Flyer, Singapore Airlines KrisFlyer and Hilton Honors – giving you a lot of choice in how you use your points.

Pros

$0 annual fee in the first year
$200 American Express Travel Credit every year
Up to 3 points per $1 spent, uncapped

Cons

High 23.99% p.a. ongoing purchase rate
$195 annual fee from the second year onwards
3% foreign transaction fee

The Amex Platinum Edge earns between 1 and 3 Membership Rewards points per $1 on your eligible spending, with rewards including gift cards, travel and shopping with points at David Jones, PayPal or Myer. It also offers a $200 yearly American Express Travel Credit that you can use for domestic or overseas holidays, plus complimentary travel insurance and other insurance covers.

Right now, you can save with the $0 first-year annual fee offer when you apply online as a new American Express card member. The $195 annual fee that applies after the first year can be balanced out if you use the yearly travel credit.

Details

Product details

Product Name	American Express Platinum Edge Credit Card
Purchase rate p.a.	23.99%
Interest-free period	Up to 55 days on purchases
Min credit limit	$3,000
Card type	American Express

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	Membership Rewards
Bonus points	N/A
Rewards points per $ spent	1
Rewards points cap	Uncapped

Fees

Annual fee	$0 first year ($195 after)
Minimum monthly repayment	2.5% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3%
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

You can apply for the American Express Platinum Edge Credit card online in 10 minutes and should receive a response within 60 seconds. Before you start the application, make sure you've met the eligibility requirements and organised the necessary documents.

Eligibility criteria

New cardholder. To be eligible for the $0 annual fee offer, you cannot hold or have held an American Express credit card in the last 18 months.
Residency. You must be an Australian citizen, permanent resident or holder of a current long term visa (12 months or more, not including student visas) to be eligible to apply.

Credit history. You must have no history of bad debt or payment defaults. If you don't know your credit score or what's on your file, you can get a free copy of your credit report with Finder.
Age. You must be at least 18 years of age.

Required documents

Personal information. Your full name, contact details and driver's licence number.
Employment information. Including your position, length of employment, salary and your employer's contact details.
Financial information. This includes your annual salary and any investments such as shares or savings. You'll also need to provide information regarding any existing debts and ongoing financial responsibilities such as rent, mortgages, bill payments or other household expenses.

Go to American Express's site More info

Card benefits

$0 first-year annual fee. You can save on the annual fee in the first year if you apply online and get approved for the American Express Platinum Edge card. After the first year, there is a $195 annual fee for this card.
$200 Travel Credit. The American Express Platinum Edge offers a $200 Travel Credit every year. You'll need to pay for an eligible booking with your Amex card – the travel credit will then be added to your account within 3 business days (but may take up to 30 days). You can redeem this travel credit against any single eligible booking of $200 or more made through American Express Travel, including flights, accommodation and car hire. The travel credit can be used for 365 days from the date of issue. But it cannot be carried forward and can only be used once you've paid the annual fee and minimum payment by the due date.

Points per $1 spent. You will earn 3 Membership Rewards points per $1 spent on purchases at major supermarkets (including Coles and Woolworths) and petrol stations, 2 points per $1 spent in foreign currency overseas and online, and 1 point per $1 spent on most other purchases including government, utilities and insurance spending.
Rewards. The Membership Rewards Ascent Program provides a range of ways for you to use your points on shopping or travel rewards, with options including merchandise, cashback, gift cards and travel bookings. You can also transfer your Membership Rewards points to frequent flyer programs including Velocity Frequent Flyer, KrisFlyer Miles and Asia Miles.
Complimentary travel insurance. When you pay for travel on your card, you can take advantage of complimentary travel insurances. You receive overseas medical emergency expenses cover up to $2,500,000, trip cancellation and amendment cover up to $10,000, personal liability cover up to $1,000,000, as well as baggage, money and documentation cover up to $10,000. The travel inconvenience policy may also cover your missed connections, flight and luggage delays.
Purchase insurances. This card offers card purchase cover for stolen or broken items, card refund cover and extended warranty coverage through the "buyer's advantage cover".
Smartphone screen cover. You'll receive up to $500 for screen repairs if you accidentally break your smartphone screen. A 10% excess applies per claim with a maximum of 2 claims every 12 months.
Card security. American Express provides fraud-monitoring services and an Online Fraud Protection Guarantee so you won't be held responsible for unauthorised charges that are detected and reported immediately. It also offers a 24/7 Global Card Support service.
Mobile payment compatibility. Eligible for use with the Apple Pay, Google Pay and Samsung Pay wallets, so you can make contactless payments with your smartphone or device.

Rates & fees

Annual fee. Outside of any promotions, the American Express Platinum Edge card has an annual fee of $195.
Interest rate. The Amex Platinum Edge has an ongoing purchase rate of 23.99% p.a.

Interest-free days. This card offers up to 55 days interest-free on purchases if you pay your balance off in full by the due date on your statement.
Currency conversion fee. You'll be charged 3% for every transaction made overseas or in a foreign currency online.
Free additional cards. Customers can get up to 4 additional cards with $0 annual fees.

Go to American Express's site More info

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Amy Finder

Editor

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Barbra

March 18, 2018

Can I use my American Express Platinum Edge Credit Card to access the Amex Lounges at Sydney an Melbourne Airports?

Jeni Velasco Finder

March 18, 2018

Hi Barbra,

Thank you for getting in touch with Finder.

The American Express Lounge is open to select American Express cardholders, including some bank-issued Amex cards. On this page, it only indicates that your card has the complimentary travel insurance but not the airport lounge pass. You may want to check on some information about the American Express Lounge in Sydney.

I hope this helps.

Have a great day!

Cheers,

Jeni

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Azra

March 15, 2018

What is the expiry date of this offer?

Lou Finder

March 16, 2018

Hi Azra,

Thanks for your question.

The American Express Platinum Edge Credit Card offer has no stated end date but is subject to change any time.

Cheers,

Anndy

Krish

March 14, 2018

Hi,

I came to this page from the Exclusive Offers page https://www.finder.com.au/exclusive-offers that says ‘50,000 Rewards points Plus a $200 travel credit each year’, however, I can’t find any indication of the 50,000 Rewards points on this page. I don’t see it in the Amex website as well after clicking through ‘Go to American Express’ website’. Is the offer still valid?

Thanks,

Krishnan

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Jeni Velasco Finder

March 14, 2018

Hi Krishnan,

Thanks for getting in touch with finder. I can understand that you have been reading about this exclusive offer and you want to find out more on the “50,000 Reward points and $200 travel credit each year” from American Express. Upon checking, YES this offer is still valid and new American Express Platinum Edge Credit Card cardholders are entitled to $200 Travel Credit every year, complimentary travel insurance and uncapped Membership Rewards points for the spending. You may also refer to this link https://www.finder.com.au/american-express-platinum-edge-credit-card for your further enquiry.

I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

Have a wonderful day!

Cheers,

Jeni

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Norm

November 08, 2016

What is the minimum spend for complimentary Virgin Australia domestic return flight – Platinum Edge Credit Card

May Finder

November 08, 2016

Hi Norm,

Thank you for your inquiry.

To be eligible for the travel insurance, you must book the full fare for a return trip on your American Express credit card or by using reward points earned through the card like AMEX Membership Rewards or Qantas Frequent Flyer points.

On some other cards like the AMEX Platinum charge card, you can also claim insurance if you have booked a trip using other rewards points, as long as you pay for taxes and other additional fees using your AMEX card.

Please feel free to read our review about AMEX complimentary travel insurance to further check the other eligibility requirements of this product.

Hope this helps.

Cheers,

May

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Allan

August 28, 2016

does the travel insurance on this card offer much in the way of pre-existing medical condition cover please ?

May Finder

August 29, 2016

Hi Allan,

Thank you for your inquiry. Just to confirm though that you’ve come through to finder.com.au we are an Australian financial comparison website and general information service, not actually AMEX nor ACE Insurance.

Under the AMEX Platinum Edge Card complimentary travel insurance T&Cs, the international travel insurance cover includes “Medical Emergency Expenses Cover” for repatriation/evacuation, cost of overseas treatment, emergency dental treatment and reasonable extra accommodation costs in the event of a Medical Emergency. However, this excludes “Pre-Existing Medical Conditions.”

I’ve sent you an email with the link to the AMEX Platinum Edge Card complimentary travel insurance T&Cs for your reference.

Hope this helps.

Cheers,

May

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American Express Platinum Edge Credit Card

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Card benefits

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