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American Express Business Explorer Credit Card

Sally McMullen
Sally McMullen
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Receive 100,000 bonus Membership Rewards points and up to 2 points per $1 spent with the Amex Business Explorer credit card.

In addition to rewards and expense tracking, you can manage employee spending under one account and get travel perks including airport lounge passes and complimentary insurance with the Amex Business Explorer credit card.

100,000

Bonus points

16.99% p.a.

Purchase rate

2

Reward points

Per $ spent (American Express)

$395 p.a.

Annual fee

Details

Product NameAmerican Express Business Explorer Credit Card
Rewards ProgramMembership Rewards Gateway
Purchase rate (p.a.)16.99% p.a.
Annual fee$395 p.a.
Interest Free Period55 days
Card TypeAmerican Express
Foreign Currency Conversion Fee (American Express)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • 100,000 Membership Rewards Bonus Points when you spend $3,000 on your card within the first 3 months
  • Business loyalty bonus of 50,000 bonus Membership Rewards points when you spend $100,000 in 12 months
  • No annual fee for up to 99 cards
  • Low interest rate of 16.99% p.a. on purchases
  • Two entries per year to the American Express Lounge at Sydney International Airport or Melbourne International Airport
  • Complimentary travel insurance is included

Cons

  • Relatively high annual fee of $395 p.a.
  • American Express is not as widely accepted as Mastercard or Visa
Rewards ProgramMembership Rewards Gateway
Bonus Points100,000 bonus points
Rewards Points per $ spent (AMEX)2
Rewards Points per $ Cap (American Express)Uncapped
Annual fee$395 p.a.
Minimum Monthly Repayment2.5% of the closing balance or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (American Express)3% of transaction value
Additional Cardholder Fee$0
Number of Additional Cardholders99
Go to American Express's siteMore info

Expert review

Sally McMullen

Review by

Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The American Express Business Explorer credit card is suited to organisations that want to reward their spending and take advantage of a revolving line of credit. There are a number of other business cards boasting bonus points right now, so you can better understand the value by comparing what you could redeem with your reward points.

You also have the option to exchange your Membership Rewards for points with partnered frequent flyer programs. The American Express Business Explorer is linked to the Membership Rewards Gateway program and currently has an exchange rate of 3 Membership Rewards for most partnered 2 airline reward points.

How to apply

You can apply for the American Express Business Explorer credit card online, but make sure to check the eligibility requirements and organise the necessary information before you start your application.

Eligibility criteria

  • Business requirements. Your business must have a valid ABN registered for GST with an annual revenue of at least $75,000.
  • New cardholder. To be eligible for the bonus points offer, you cannot hold or have held an American Express in the previous 18 months.
Go to American Express's siteMore info

Card benefits

  • 100,000 bonus points. You can give your points balance a boost of 100,000 bonus Membership Rewards when you apply by 11 March 2020, are approved and spend $3,000 within the first 3 months from card approval.
  • Membership Rewards Gateway program. You'll collect 2 Membership Rewards points per $1 spent on purchases and 1 Membership Rewards point per $1 spent with government bodies. You can redeem these rewards to pay for purchases with points, gift cards or purchases via David Jones or Ticketmaster. If you prefer frequent flyer points, you can also exchange your Membership Rewards for points with eight frequent flyer programs including Velocity and Emirates Skywards.

Rates & fees

  • Annual fee. This card charges an annual fee of $395.
  • Purchase rate. This card has a variable purchase rate of 16.99% p.a. You can't use it for ATM withdrawals or cash advances, so no cash advance rates apply.
Go to American Express's siteMore info

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4 Comments

  1. Default Gravatar
    Ruth
    May 23, 2018

    The American Express website is quoting 50k points. How do you apply for this offer of 100k

    Reply
    • Avatarfinder Customer Care
      Nikki
      May 23, 2018

      Hi Ruth,

      We’ve read your message, Thanks!

      Please note that we’re a product comparison website and we do not represent any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.

      Earn 100,000 bonus Membership Rewards when you meet the spend requirements:

      — You can give your points balance a boost of 100,000 bonus Membership Rewards when you apply by 2 July 2018, receive approval and spend $3,000 in the first three months.

      Business Loyalty Bonus. If you spend at least $100,000 within 12 months of your approval date, you’ll also receive a business loyalty bonus of 50,000 Membership Rewards.

      Hope this was helpful.

      Cheers,
      Nikki

      Reply
  2. Default Gravatar
    James
    May 20, 2018

    Do you get $400 travel credit voucher per annum with Amex business explorer card like you do with the Amex explorer card?

    Reply
    • Avatarfinder Customer Care
      Jeni
      May 20, 2018

      Hi James,

      Thank you for getting in touch with finder.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      With this American Express Business Explorer credit card, you don’t get $400 travel credit however you’ll also earn 2 Membership Rewards per $1 spent on purchases and 0.5 Membership Rewards points per $1 spent on government costs (such as ATO transactions). You can redeem these rewards to pay for purchases with points, gift cards or purchases via David Jones or Ticketmaster. If you prefer frequent flyer points, you can also exchange your Membership Rewards for points with eight frequent flyer programs including Velocity, Emirates Skywards, Air New Zealand Airpoints, Singapore Airlines KrisFlyer and Etihad Guest. If you spend at least $100,000 within 12 months of your approval date, you’ll also receive a business loyalty bonus of 50,000 Membership Rewards.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

      Reply
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