American Express Explorer Review - Rates & Fees | Finder

American Express Explorer Credit Card

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Receive 90,000 bonus Membership Rewards Points and $300 back on a new American Express Explorer card.

If you apply for the American Express Explorer online by 03 May 2021 as a new card member, you’ll get 90,000 bonus Membership Rewards Points and a $300 back statement credit when you spend $3,000 on eligible purchases in the first 3 months of card approval.

90,000

Bonus points

20.74% p.a.

Purchase rate

2

Reward points

Per $ spent

$395 p.a.

Annual fee

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Details

Product NameAmerican Express Explorer Credit Card
Rewards programMembership Rewards
Purchase rate20.74% p.a.
Annual fee$395
Interest-free periodUp to 55 days on purchases
Min credit limit$3,000
Card typeAmerican Express
Foreign currency conversion fee3%
Minimum income$65,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo

Pros

  • 90,000 bonus Membership Rewards points and $300 statement credit
  • $400 travel credit every year
  • 2 complimentary airport lounge passes per year

Cons

  • Standard purchase rate of 20.74% p.a. is relatively high
  • $395 annual fee is high if you cannot make full use of the travel benefits
Rewards programMembership Rewards
Bonus points90,000
Rewards points per $ spent2
Rewards points capUncapped
Annual fee$395
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 cardholders4

Expert review

Sally McMullen

Review by


Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The American Express Explorer is one of the few cards that offer a travel credit, which you can redeem each year for domestic travel, or for international trips (when overseas travel opens up again). Plus, you can use the $400 travel credit to help justify the $395 annual fee.

To give you an example of the value you can get from the 90,000 bonus points offer, you could redeem them for $450 worth of credit to your card or shop with points at David Jones. If you’re saving up frequent flyer points, you can exchange your Membership Rewards for points with nine partnered frequent flyer programs. This includes Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles, Emirates Skywards, Etihad Guest and Air New Zealand Airpoints. The Amex Explorer also has a high earn rate of up to 2 points per $1 spent, uncapped.

How to apply

You can apply for the American Express Explorer credit card online in 10 minutes and receive a response within 60 seconds. Check if you meet the eligibility criteria and that you have the necessary information to complete the application before you get started:

Eligibility criteria

  • New card member. If you want to receive 90,000 bonus points and a $300 statement credit on this card, you must not currently hold or have previously held any card product issued by American Express Australia Limited in the proceeding 18-month period.
  • Minimum income. You must have a personal gross (pre-tax) annual income of $65,000 or more.

Card benefits

  • 90,000 bonus points and $300 credit. When you apply online, are approved by 03 May 2021 and spend $3,000 on eligible purchases within the first 3 months of card membership, you will earn 90,000 bonus Membership Rewards points and get $300 back to your card. The points and the statement credit will be added to your account within 8 to 10 weeks of meeting the spend criteria.
  • $400 travel credit. Each year you have the card, you'll get a $400 travel credit you can use on a single booking made through American Express Travel, for eligible domestic or international trips. This travel credit is available once you have paid the $395 annual fee for that year and have met the minimum repayment requirements on your last statement.

Rates & fees

  • Annual fee. The American Express Explorer's annual fee of $395 p.a. is completely offset by the $400 Travel Credit when you redeem it.
  • Interest rate. Purchases attract an interest rate of 20.74% p.a.

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103 Comments

    Default Gravatar
    Stuart
    August 29, 2019

    When exchanging Amex points for Velocity points, is it a 1 for 1 swap?

      Avatarfinder Customer Care
      Jeni
      August 30, 2019

      Hi Stuart,

      Thank you for getting in touch with Finder.

      Transfer rates from an existing eligible American Express credit card Membership Reward points to the Velocity Frequent Flyer account vary. In Australia, you may only transfer American Express credit card Membership Rewards points to the Velocity Frequent Flyer account if you have one of the following Amex cards:

      • American Express David Jones
      • American Express Essentials
      • American Express Gold Card
      • American Express Platinum Edge Credit Card
      • American Express Platinum Card
      • American Express Business Card
      • American Express Gold Business Card
      • American Express Platinum Business Card

      Please note that a minimum of 2,000 points per transfer is required. You can also refer to our guide about transferring frequent flyer points for more details.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    anne
    February 20, 2019

    How does the balance transfer int rate work when you have other transactions on it. If we wanted to pay the current transaction off and leave the balance transfer to only pay what it works out to be each month to have it paid within the twelve months. Is this possible

      Default Gravatar
      Nikki
      February 21, 2019

      Hi Anne,

      Thanks for getting in touch! Balance Transfer interest rate (20.74% p.a.) will only be applied to the balance transfer amount and not on purchases made to the account. The purchase rate (20.74% p.a.) will be applied to purchases made on the card if not paid on time. Ideally, you are required to pay the full amount required of your balance transfer for 12 months and at least the minimum monthly payment for purchases/transactions made on the card. Ultimately, check the terms and conditions of the card to obtain more information.

      Hope this helps!

      Best,
      Nikki

    Default Gravatar
    ron
    November 9, 2018

    what is the best way to acquire 50,000 points whit out buying them .

      Default Gravatar
      Nikki
      November 9, 2018

      Hi Ron,

      Thanks for reaching out! As it says on our page to earn 50,000 bonus points, you need to apply online and spend $3,000 on eligible purchases within the first three months and the best way to acquire those bonus points. Hope this clarifies.

      Best,
      Nikki

    Default Gravatar
    Bruce
    October 28, 2018

    Can you please tell me how the $400 travel credit is redeemed each year and does it accrue if it is not used?

      Avatarfinder Customer Care
      Jeni
      October 28, 2018

      Hi Bruce,

      Thank you for getting in touch with finder.

      As per this card’s T&C, to redeem this card’s $400 travel credit, the card member must have paid the annual fee and have paid the minimum payment on the card member’s first and most recent American Express Explorer credit card statement by the due date. The minimum amount is calculated as set out in the Financial Table – you may verify the amount by contacting Amex directly. The Travel Credit can be used for 365 days from the card member’s anniversary date and cannot be carried forward to any subsequent year.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    Daniel
    September 27, 2018

    How will it take to get the bonus points upon spending that 3k?

      Avatarfinder Customer Care
      John
      September 27, 2018

      Hi Daniel,

      Thank you for leaving a question.

      Generally, when the $3000 eligible purchase is completed and validated by American Express. You will be able to see the points earned by the next credit statement that you receive. If you have further questions on this you may call 1800 059 388. Hope this helps!

      Cheers,
      Reggie

    Default Gravatar
    Adam
    April 5, 2018

    Hi,
    If I’am a supplementary holder of an American Express Explorer card, will I be eligible for the 100 thousand points bonus if I apply for this card as a sole applicant?

      Default Gravatar
      Nikki
      April 5, 2018

      Hi Adam!

      It is understandable that you’d want to apply for an American Express Explorer Credit Card. The good news is, as you are a supplementary cardholder, you are eligible to apply and able to enjoy the bonus points of the American Express Explorer Credit Card. Kindly not that the 100,000 points is no longer valid as of this time.

      Upon approval of the card and when you spend $3,000 worth of purchases within the first three months of card membership, you will earn a bonus 50,000 Membership Rewards points. These points can be transferred to eight airline partner programs, including Velocity. If you prefer to transfer your points, these 50,000 Membership Rewards points are worth 37,500 Velocity Points. This offer is available to new card members, as well as bank-issued American Express companion cardholders.

      Hope this helps! Feel free to message us anytime should you have further questions.

      Cheers,
      Nikki

    Default Gravatar
    Norma
    December 11, 2017

    I have just received a 457 visa and arrived in Australia. Can I apply for this card straight away? I meet the other criteria on income etc.
    Many thanks

      Avatarfinder Customer Care
      May
      December 12, 2017

      Hi Norma,

      Thank you for your inquiry.

      Yes, the American Express Explorer Credit Card is available to people who hold Business Long Stay Visa (subclass 457). If you think you are able to meet all the eligibility requirements and if the card’s features meet your needs/preferences, then you can go ahead and apply. If still unsure and would need confirmation about your approval, you can also contact AMEX first to discuss your eligibility. This way you can also avoid enquiry on your credit file.

      Cheers,
      May

    Default Gravatar
    Peter
    September 3, 2017

    I have a Qantas Gold Card, if I swap from the Gold to the Explorer, do I still qualify for the points, or must i close my gold card first?

      Avatarfinder Customer Care
      Rench
      September 5, 2017

      Hi Peter,

      Thanks for reaching out to us. Please note that we are not affiliated with American Express or any company we feature on our site and so we can only offer you general advice.

      I’m afraid you would not be eligible for the 100,000 bonus points. This offer is only available to new card members, as well as bank-issued American Express companion cardholders.

      To be seen as a new card member, you must not have held a credit card issued by Amex in the preceding 18 months. The Qantas Gold Card is issued by Amex, you would not be eligible for the bonus points.

      Hope this information helped.

      Best regards,

      Rench

    Default Gravatar
    Rob
    August 1, 2017

    Hi, Will I have to pay the annual fee upfront?

      Default Gravatar
      Liezl
      August 1, 2017

      Hi Rob,

      Thanks for your question. Usually, annual fees will be charged on your first bill. Just to make sure of this, I suggest you call AMEX directly.

      Cheers,
      Liezl

    Default Gravatar
    Alan
    August 1, 2017

    I have an ANZ Frequent Flyer Black Amex for Qantas points which is expiring at ANZ by Aug.5. If I applied for Amex Explorer card would I still be entitled for the 100,000 Bonus points? The answer to this would be the major factor in my final decision.
    Thank you.

      Avatarfinder Customer Care
      Rench
      August 1, 2017

      Hi Alan,

      Thanks for your inquiry. Please note that we are not affiliated with American Express or any company we feature on our site and so we can only offer you general advice.

      Yes, you can receive 100,000 Membership Rewards Bonus Points when you apply online by 2 October 2017, are approved and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members, as well as Bank-issued American Express companion cardholders.

      You may confirm this info directly from American Express.

      Cheers,
      Rench

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