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American Express Cashback Credit Card

Offers up to 6% cashback for the first 3 months, a $150 statement credit and a free BINGE subscription – with a $10 monthly fee.

The American Express Cashback Credit Card is suited to people who want cash-based rewards instead of points per $1. It offers you a bonus 5% cashback for the first 3 months (up to $200) and a $150 statement credit when you spend $200 or more at Amazon.com.au on your new card within the first 3 months. You just need to meet the eligibility criteria and apply online as a new card member by 27 July 2022. Then, use your card like you normally would and watch the cashback land on your statement.

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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 rate p.a.20.74%
Annual fee$120
Interest-free periodUp to 55 days on purchases
Card typeAmerican Express
Minimum income$40,000
Available to temporary residentsYes - Conditions apply


  • Up to 6% cashback
  • $150 statement credit when you spend $200 at Amazon.com.au
  • Free Binge basic subscription
  • Complimentary smartphone screen cover, card refund cover and card purchase cover


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

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 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 spent. 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.

The bonus 5% back in the first 3 months sweetens the deal, giving you a way to earn up to $200 back. Plus an introductory $150 statement credit when you spend $200 or more at Amazon.com.au in the first 3 months. Keep in mind that you shouldn't be spending more than you normally would just to earn cashback – and check all the eligibility criteria before you apply.

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 and $150 statement credit, you must not currently hold an American Express credit card and can't have held one in the past 18 months.
  • Minimum income. You need to earn at least $40,000 per year.

Card benefits

  • Bonus 5% cashback. Apply online as a new Amex card member by 27 July 2022 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.
  • $150 statement credit. Receive a $150 credit when you use this card to spend $200 or more at Amazon.com.au in the first 3 months. You must apply online and get approved by 27 July 2022 to be eligible for this introductory offer.

Rates & fees

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