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The American Express Essential is a no annual fee credit card designed to suit modest spenders, with a combination of money-saving features and complimentary extras. This card offers a low ongoing purchase rate and complimentary insurance covers.
14.99% p.a.
Purchase rate
1.25
Reward points
Per $ spent
$0 p.a.
Annual fee
55 days
Interest free period
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Product Name | American Express Essential Credit Card |
---|---|
Rewards program | Membership Rewards Gateway |
Purchase rate | 14.99% p.a. |
Annual fee | $0 |
Interest-free period | 55 days |
Min credit limit | $2,000 |
Max credit limit | $25,000 |
Card type | American Express |
Foreign currency conversion fee | 3% |
Minimum income | $40,000 |
---|---|
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards program | Membership Rewards Gateway |
---|---|
Rewards points per $ spent | 1.25 |
Rewards points cap | Uncapped |
Annual fee | $0 |
---|---|
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 |
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.