American Express Explorer Credit Card

The Amex Explorer offers a big 100,000 bonus points and a yearly $400 Travel Credit, with a $395 annual fee.

The Amex Explorer is suited to people who want a credit card with rewards and travel perks. Right now, you can get 100,000 bonus Membership Rewards Points when you apply online as a new card member and spend $4,000 on eligible purchases in the first 3 months of card approval. This is at the higher end of bonus point offers currently on the market right now, giving you enough points for $500 of Webjet bookings or shopping at David Jones.

100,000

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

  • 100,000 bonus Membership Rewards points
  • $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 points100,000
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

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 American Express Explorer is one of the few cards that offer a yearly travel credit, giving you $400 value towards a travel booking in Australia or overseas (when borders open again). Plus, using the travel credit each year will help you justify the card's $395 annual fee.

If you're new to Amex, this card comes with a 100,000 bonus points offer that can give you $500 value for Webjet bookings or shopping at David Jones. You can also exchange your Membership Rewards for points with 9 partnered frequent flyer programs, including Velocity Frequent Flyer, Singapore Airlines KrisFlyer and Air New Zealand Airpoints – plus hotel partner Hilton Honors.

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 100,000 bonus points, you must not currently hold or have previously held any card product issued by American Express Australia Limited for the past 18 months.
  • Minimum income. You must have a personal gross (pre-tax) annual income of $65,000 or more.

Card benefits

  • 100,000 bonus points. When you apply, are approved and spend $4,000 on eligible purchases within the first 3 months of card membership, you will earn 100,000 bonus Membership Rewards points. The points 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 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

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