American Express Business Explorer Credit Card

Offers 120,000 bonus Membership Rewards points, airport lounge access and complimentary insurance, with a $149 annual fee that’s waived in the first year.

The American Express Business Explorer Credit Card offers a mix of perks and helpful business features, including 2 points per $1 on most eligible spending and up to 99 additional cards for employees.

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120,000

Bonus points

3.99% p.a.

Purchase rate

for the first 6 months (reverts to 19.99% p.a.)

2

Reward points

Per $ spent

$0 p.a.

Annual fee

for the first year ($149 p.a. thereafter)

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Details

Product NameAmerican Express Business Explorer Credit Card
Rewards programMembership Rewards Gateway
Purchase rate p.a.3.99% for 6 months, reverts to 19.99%
Annual fee$0 for the first year ($149 thereafter)
Interest-free periodUp to 55 days on purchases
Card typeAmerican Express
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo

Pros

  • 120,000 bonus Membership Rewards points offer
  • $0 first-year annual fee
  • Up to 99 additional cards at no cost
  • 2 entries per year to the Amex Lounge at Sydney International Airport or Melbourne International Airport and complimentary travel insurance
  • American Express AccessLine lets you pay merchants even if they don’t accept Amex directly

Cons

  • Charges a 3% foreign transaction fee
  • Can’t be used for ATM withdrawals or other cash advance transactions, which could be limiting for some people
Rewards programMembership Rewards Gateway
Bonus points120,000
Rewards points per $ spent2
Rewards points capUncapped
Annual fee$0 for the first year ($149 thereafter)
Minimum monthly repayment2.5% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3%
Additional cardholder fee$0
Number of additional cardholders99

Review by


Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The American Express Business Explorer credit card is suited to people who want to be rewarded for their business spending and manage costs with up to 55 days interest-free on purchases. The current bonus points offer would also give you enough Membership Rewards points for $600 of shopping at David Jones (120,000 points) or credit on your account.

How to apply

You can apply for the American Express Business Explorer credit card online, but make sure you 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.

Card benefits

  • 120,000 bonus points. If you're a new cardholder who applies and gets approved by 02 June 2022, you can give your points balance a boost of 120,000 bonus Membership Rewards points if you spend $3,000 within the first 3 months from your approval date.
  • $0 annual fee for the first year. The annual fee will be waived for the first year when you apply by 02 June 2022. After that, a $149 annual fee applies for each year you have the card.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges an annual fee of $149.
  • Purchase rate. Outside of any promotions, this card has a variable purchase rate of 19.99% p.a. You can't use it for ATM withdrawals or cash advances, so no cash advance rates apply.

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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

    • Default Gravatar
      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

  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?

    • 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

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