American Express Explorer Credit Card – Rates and Fees

Information verified correct on May 1st, 2017
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With 100,000 bonus points, a $400 travel voucher and two complimentary airline lounge passes, the platinum features of the American Express Explorer Credit Card outweighs the cost.

The American Express Explorer Credit Card is catered for premium cardholders, frequent flyers and big spenders who want to be rewarded for using their credit card. Whether you’re looking at the 100,000 bonus Membership Rewards Points on signup, the $400 travel voucher or complimentary insurances, there are plenty of ways to get extra value from the card to outweigh the $395 annual fee.

Product NameAmerican Express Explorer Credit Card
Rewards ProgramMembership Rewards Gateway
Balance transfer rate (p.a.)0% p.a. for 12 months with 1% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (20.74% p.a.)
Balance Transfer Limit70% of available credit limit
Maximum Balance Transfer Amount$10,000
Purchase rate (p.a.)20.74% p.a.
Offer end date15 May 2017
Annual fee$395 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$3,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Minimum Monthly Repayment2.5% or $30 whichever is greater
Minimum Income$65,000
Card TypeAmerican Express
Late Payment Fee$30
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$65,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$3,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Annual Fee$395 p.a.
Minimum Repayment2.5% or $30 whichever is greater
Late Payment Fee$30
Over Limit Fee$15
Cash Advance Fee$2.50 or 2% of the cash advance amount (whichever is greater)
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingNo
Internet Banking TransfersYes
In BranchYes
MailNo

Pros

  • Earn 100,000 Membership Rewards Bonus Points when you apply online before 15 May 2017, are approved and spend $1,500 on your card within the first 3 months of card membership.
  • Receive 0% p.a. for 12 months on balance transfers.
  • Enjoy up to 55 days interest-free on purchases.

Cons

  • A one-off 1% credit plan establishment fee applies for balance transfers.
Rewards ProgramMembership Rewards Gateway
Bonus Points on Sign-up100,000
Rewards Points per $ (AMEX)2
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

American Express Explorer Credit Card review

If you apply online before 15 May 2017, are approved and meet the spend requirement of $1,500 in the first three months, you can bolster your points balance with 100,000 Membership Rewards Points on signup. For the life of the card, you’ll also earn 2 points per dollar spent on eligible purchases. Plus, new cardholders will also receive a $400 travel voucher to redeem anything from flights to car rental with Membership Rewards. Other perks include two airline lounge passes each year, complimentary insurances and a 0% p.a. balance transfer offer for 12 months. With an annual fee of $395 and an ongoing interest rate of 20.74% p.a., you’ll want to make sure the value of the perks outweigh the costs. Catered for premium cardholders, it’s important to make sure you meet the eligibility requirements before applying.

Benefits of the American Express Explorer Credit Card

  • Bonus points. If you apply online before 15 May 2017, are approved and spend $1,500 within the first three months of the card, you can earn a bonus 100,000 Membership Rewards Points. This offer is available to new card members, as well as bank-issued American Express companion cardholders.
  • $400 travel voucher. Cardholders will receive a $400 travel voucher every year to redeem anything from flights and travel agency gift vouchers to accommodation, car hire and more through American Express Travel.
  • Membership rewards program. Cardholders will earn 2 Membership Rewards points per $1 spent on eligible purchases and 0.5 points per $1 spent on government purchases. These points can be redeemed for a variety of options under Membership Rewards or for travel perks with American Express’ eight partner airlines including Virgin Australia, Etihad Airways, Emirates and Air New Zealand.
  • Balance transfer offer. New applicants can consolidate their debts with a promotional balance transfer rate of 0% p.a. for 12 months. A one-off 1% credit plan establishment fee applies. You can transfer up to 70% of your approved credit limit to a maximum of $10,000.
  • Complimentary airline lounge passes. Cardholders will receive two complimentary passes to American Express Lounge at Sydney International (Kingsford Smith) Airport T1 each year.
  • Complimentary travel insurances. If you meet the eligibility requirements, you can save on insurance costs with Medical Emergency Expenses Cover, Travel Cancellation Cover, Baggage, Money and Documentation Cover and Travel Inconvenience Insurance.
  • Smartphone screen insurance. You’ll receive up to $500 for screen repairs if you accidentally break your Smartphone screen. A 10% excess applies per claim with a maximum of two claims every 12 months.
  • Mobile contactless payments. Whether you have an Android, Apple or Samsung device, you can save time at the cash register and pay with the convenience of your smartphone with Android Pay, Apple Pay or Samsung Pay.

Features of the American Express Explorer Credit Card

  • Annual fee. The card comes with an annual fee of $395.
  • Interest rate. All purchases will collect interest at 20.74% p.a.
  • Interest-free days. If you pay your balance in full, you can enjoy up to 55 interest-free days on purchases.
  • Additional cardholder. You can request a supplementary cardholder for $0, though they must be at least 18 years of age. Please note that you’ll be liable for all spending and charges on the supplementary card.
  • Purchase protections. You can shop with peace of mind with Purchase Protection, Refund Protection, Online Fraud Protection Guarantee and Buyers Advantage that extends the manufacturer’s warranty by up to 12 months.

How to apply for the American Express Explorer Credit Card

If you’ve compared your options and decided you want to apply for the American Express Explorer Credit Card, click on the ‘Go to Site’ button to be taken to a secure online application.

Eligibility requirements

Before you apply though, make sure you meet the following eligibility requirements and have the necessary documents on hand:

  • Age. Applicants must be at least 18 years of age.
  • Residency. You must be an Australian citizen, permanent resident or hold a current Business Long Stay Visa (subclass 457).
  • Minimum income. You must have a personal gross (pre-tax) annual income of $65,000 or more.
  • Credit history. Applicants need no history of bad debt or payment default.

Required documents

  • Personal details. You’ll need to provide personal details such as your full name and address.
  • Identification. You might need to provide proof of identity such as your driver’s licence or birth certificate.
  • Proof of income. You’ll be asked to provide proof of income and employment (such as recent pay slips).

The American Express Explorer Credit Card is a premium card designed for cardholders who want to get more from their spending. As it’s not the only premium frequent flyer card on the market, it’s important to compare your options and make sure you meet the eligibility requirements before applying.

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65 Responses to American Express Explorer Credit Card – Rates and Fees

  1. Default Gravatar
    TC | April 27, 2017

    Hi there,

    I closed my David Jones AMEX card a few month ago. Can you please confirm if I will be eligible for the AMEX Explorer Card 100k bonus points currently offered.

    Looking forward to your response.

    Thanks

    • Staff
      Jason | April 28, 2017

      Hi TC,

      Thank you for your enquiry.

      Cardholders who currently hold or who have previously held any credit card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for the American Express Explorer Credit Card bonus points offer.

      You may not be eligible for the bonus points if you have closed your David Jones AMEX card within the preceding 18 month.

      Alternatively, please check out this link for a comparison of other credit cards that offers bonus points.

      Please check out the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product or credit card is right for you.

      I hope this helps.

      Kind regards,
      Jason

  2. Default Gravatar
    | April 23, 2017

    I currently have a no fee AMEX card. Will I be able to get this AMEX travel card and the 100,000 points?

    • Staff
      Jason | April 24, 2017

      Hi Pamplona,

      Thank you for your enquiry.

      According to the terms and conditions of this AMEX card, the offered bonus points is only available to new American Express card members who apply online by 15 May 2017, are approved and spend $1,500 on their new American Express credit card in the first 3 months from the credit card approval date. Members who currently hold or who have previously held any credit card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this bonus points offer. Previous and existing bank-issued American Express companion cardholders are eligible for this offer (credit cards issued by: ANZ Banking Group Limited, Commonwealth Bank of Australia, NAB, Westpac Banking Corporation).

      You may not be eligible for this offered bonus points if you are a current cardholder of an AMEX issued credit card.

      Kind regards,
      Jason

  3. Default Gravatar
    Jayne | April 16, 2017

    Please confirm are these 100,000 frequent flyer points which can be used with Qantas or 100,000 reward points which are not convertible to FF points. Thank you

    • Staff
      Anndy | April 16, 2017

      Hi Jayne,

      Thanks for your question.

      The 100,000 points are Membership Rewards Gateway points that you can convert to various frequent flyer programs including Qantas. You can refer to this page for more information on where you can transfer your American Express Membership Rewards Gateway points to.

      Cheers,
      Anndy

  4. Default Gravatar
    N | April 5, 2017

    Please advise whether points earned can be transferred to Qantas F/F program as the website shows the program but will not open when selected. Also, advise what the points earned translate into QF/F travel points/miles for overseas/North America travel.

    • Staff
      Harold | April 6, 2017

      Hi Michalandos,

      If you wish to transfer your points to other frequent flyer programs, you can check the points conversion rate here.

      I hope this information has helped.

      Cheers,
      Harold

  5. Default Gravatar
    Sean | March 29, 2017

    What is the ratio of Amex Rewards Points to Asia miles Points. i.e. How many Asia miles points would you receive when transferring 100,000 Amex Rewards points?

    • Staff
      Anndy | March 29, 2017

      Hi Sean,

      Thanks for your question.

      For every 1 Membership Rewards point, you’ll get 1 Asia Mile point. You can transfer a minimum of 5,000 points and the estimated transfer time is 3 business days.

      If you wish to transfer your points to other frequent flyer programs, you can check the points conversion rate here.

      Cheers,
      Anndy

  6. Default Gravatar
    Chris | March 28, 2017

    1. As an AMEX Platinum Reserve cardholder, is the bonus 100,000 points available with the Explorer card?
    2. Is the excess insurance on a hire car covered if you use the AMEX Explorer card to pay?

    • Staff
      Jason | March 31, 2017

      Hi Chris,

      Thank you for your enquiry.

      The 100,000 Membership Rewards bonus points is offered to new and approved American Express Explorer credit card applicants but cardholders who currently hold or who have previously held any card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer. There’s also no car rental excess cover on the American Express Complimentary Travel Insurance policy of the American Express Explorer credit card.

      Please check out this link for a comparison of credit cards that offers bonus rewards points or you may check out this link for a comparison of credit cards offers bonus frequent flyer points.

      I hope this helps.

      Kind regards,
      Jason

  7. Default Gravatar
    | March 21, 2017

    Does Amex explorer credit card offer bank feeds to MYOB?

    Thanks
    Pat

    • Staff
      Anndy | March 22, 2017

      Hi Pat,

      Thanks for your question.

      Yes, American Express statements can be downloaded to MYOB and other accounting software.

      Cheers,
      Anndy

  8. Default Gravatar
    | January 26, 2017

    I currently have a NAB issued credit card that is licensed from American Express. Will I still qualify for the 100,000 bonus points offered for the American Express Explorer card?

    • Staff
      Jason | January 27, 2017

      Hi Martin,

      Thank you for your enquiry.

      You’ll still be eligible to receive the 100000 bonus points of this card as long as you have not been a primary cardholder of an issued American Express credit card in the preceding 18-month period and you meet all other criteria of this card.

      Kind regards,
      Jason

  9. Default Gravatar
    Janine | January 20, 2017

    I just received the american express explorer card didn’t realise couldn’t use to pay for flights..can i still get points for withdrawals of cash

    • Staff
      Anndy | January 20, 2017

      Hi Janine,

      Thanks for your question.

      I just want to confirm that you can use your American Express Explorer Credit Card for regular purchase of products or services so you can use it to pay for flights.

      Unfortunately, you won’t earn points for cash advances or cash withdrawals.

      The points that you’ll earn with this card can be converted to frequent flyer points. Please refer to our guide here for reference.

      Cheers,
      Anndy

  10. Default Gravatar
    Andy | December 25, 2016

    Hi there,
    I was wondering if I would still be eligible to receive the 100k bonus points if I am a supplementary platinum charge card holder?

    • Staff
      Jason | December 25, 2016

      Hi Andy,

      Thank you for your enquiry.

      You’ll still be eligible to receive the 100000 bonus points of this card as long as you have not been a primary cardholder of an American Express credit card in the preceding 18-month period and you meet all other criteria of this card.

      Kind regards,
      Jason

Credit Cards Comparison

Rates last updated May 1st, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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