American Express Cashback Credit Card

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Get up to 6% cashback on your purchases, a BINGE subscription and complimentary smartphone screen insurance with the new American Express Cashback Credit Card.

Launched in April 2021, the American Express Cashback Credit Card offers you a bonus 5% cashback for the first 3 months, up to $200. You just need to apply online, get approved as a new card member and use the card for purchases.

20.74% p.a.

Purchase rate

$120 p.a.

Annual fee

55 days

Interest free period

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Product NameAmerican Express Cashback Credit Card
Purchase rate20.74% p.a.
Annual fee$120
Interest-free periodUp to 55 days on purchases
Card typeAmerican Express
Minimum income$40,000


  • Up to 6% cashback
  • Free Binge basic subscription
  • Complimentary smartphone screen insurance, refund and purchase protection


  • Charges a relatively high 20.74% p.a. interest rate
  • Monthly fee adds up to a high $120 per year
Bonus pointsN/A
Annual fee$120
Additional cardholder fee$0
Number of additional cardholders4

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The new American Express Cashback Credit Card is the only dedicated cashback rewards card you can currently get with a major brand in Australia. In comparison, most other cards offer reward points per $1 spend. While you can usually convert points into some form of cashback, this card keeps it simple by giving you 1% back on most of your purchases – including food, coffee, petrol, clothes and supermarket shopping.

How to apply

You can apply for the American Express Cashback Credit Card online and will get a response from Amex within 60 seconds of submitting the secure application. Before you apply, make sure you meet the following eligibility criteria and have the documents and details you need to include.

Eligibility criteria

  • New Amex card member. To get the bonus 5% cashback offer, you must not currently hold an American Express credit card and can't have held one in the past 18 months.
  • Australian residency status. You must be an Australian citizen or permanent resident.

Card benefits

  • Bonus 5% cashback. Apply online as a new Amex card member and you'll get a bonus 5% cashback per $1 on purchases for the first 3 months, up to $200 total. The bonus cashback will be added to your account at the end of each monthly statement, but could take 8-10 weeks. This is earned on top of the card's regular cashback rates, which means you can earn up to 6% cashback when you first get the card.
  • 1% cashback on purchases. With this card, you'll get 1% cashback per $1 on all your eligible purchases and 0.5% cashback per $1 spent with government bodies in Australia, with no cap. Eligible purchases cover most types of retail and everyday spending but does not include interest charges or fees, balance transfers, converted balances, foreign exchange transactions or the loading of pre-paid cards.

Rates & fees

  • Account fee. Instead of a credit card annual fee, this Amex card has a $10 monthly fee ($120 per year).
  • Purchase rate. The 20.74% p.a. interest rate on purchases is higher than the Australian average standard rate, but similar to many other rewards credit cards.

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