American Express Explorer Credit Card – Rates and Fees

Information verified correct on December 3rd, 2016
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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 date30 January 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
Complimentary Travel Insurance Cover0 months
Available To Temporary ResidentsNo
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.
BPAYYes
ChequeYes
Direct DebitYes

Pros

  • Get 100,000 Membership Rewards Bonus Points when you apply online by 30 January 2017, are approved and spend $1,500 on your card within the first 2 months of Card Membership.
  • Receive 0% p.a. for 12 months on balance transfers.
  • 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) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

American Express Explorer credit card review

If you apply online by 30 January 2017 and meet the spend requirement of $1,500 in the first two months, you can bolster your points balance with 100,000 Membership Rewards 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 and are approved by 30 January 2017 and spend $1,500 within the first two months of the card, you can earn a bonus 100,000 Membership Rewards Points.
  • $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 debts with a promotional balance transfer rate of 0% p.a. for 12 months. A one-off 1% balance transfer fee applies.
  • 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.
  • 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.
  • Mobile contactless payments. You can use this account to make mobile contactless payments with Android Pay, Apple Pay and Samsung Pay.
  • 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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34 Responses to American Express Explorer Credit Card – Rates and Fees

  1. Default Gravatar
    Kamyar | November 18, 2016

    It’s interesting that AMEX explorer Supplementary Card Member cannot be covered under the insurance benefits (AMEX terms and conditions page 3)

    • Staff
      Harold | November 18, 2016

      Hello Kamyar,

      In general, the complimentary travel insurance is attached to the credit cards, insurance provider’s terms and conditions. Also the insurance policy for each credit card may differ. For AMEX, the travel insurance cover also depends on the type of AMEX card. You can find information about AMEX complimentary travel insurance on this page.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    darren | November 15, 2016

    If l have investments that a making me $50000 plus a month could apply for the card?

    • Staff
      May | November 15, 2016

      Hi Darren,

      Thanks for your question.

      For you to be eligible for the American Express Explorer credit card, you must have a personal gross (pre-tax) annual income of $65,000 or more. So if you think you meet the other eligibility requirements and could provide a proof that you are receiving that level of income, you may click on the green “Go to site” button above to apply for the card.

      Cheers,
      May

  3. Default Gravatar
    gary | November 10, 2016

    Is your flying partner Velocity and can points be transferred to Velocity account?

    • Staff
      May | November 10, 2016

      Hi Gary,

      Thank you for your comment.

      If you could clarify your question a little bit, that would be great. – Thanks. :)

      Meantime, the Membership Rewards Points earned from this American Express Explorer Credit Card can be transferred to your Velocity account. The transfer rate is 4 Membership Rewards points = 3 Velocity points.

      Cheers,
      May

  4. Default Gravatar
    | November 6, 2016

    Can I use the AMEX Membership Rewards under the Explorer card to redeem Qantas Frequent Flyer points?

    • Staff
      Jason | November 6, 2016

      Hi Rob,

      Thank you for our inquiry.

      It’s not possible to transfer your AMEX Membership Rewards from your AMEX Explorer card since Qantas is not a partner airlines of the American Express Membership Rewards Gateway program.
      Please check out this link for the other frequent flyer programs where you can transfer your Membership Rewards points to and their point rates.

      Cheers,
      Jason

  5. Default Gravatar
    | November 6, 2016

    This question relates to the one below. We have a NAB Qantas Platinum AMEX Express card. I am looking to go with the AMEX Explorer. Will this one be eligible like the Commonwealth Card?

    Thanks,

    Rob

    • Staff
      Jason | November 6, 2016

      Hi Rob,

      Thank you for your inquiry again.

      Yes, the same with Nico’s inquiry, regardless if you have a NAB Qantas Platinum AMEX Express card, you may still apply and be eligible for the bonus points provided that you meet the eligibility requirements of the AMEX Explorer card on which your AMEX Explorer card application should be approved before or by November 30, 2016 and spend $1,500 using the new card on the first 2 months from the card approval date.

      Cheers,
      Jason

  6. Default Gravatar
    Nico | November 2, 2016

    Hi.

    I hold a Commonwealth Bank Platinum Awards American express card, am I eligible for the 100.000 points as a new member?

    Thank you.

    • Staff
      Jason | November 2, 2016

      Hi Nico.

      Thank you for your inquiry.

      Yes, regardless if you have a Commonwealth Bank Platinum Awards American express card, you may still apply and be eligible for the bonus points provided that you meet the eligibility requirements of the AMEX Explorer card on which your Amex Explorer card application should be approved before or by November 30, 2016 and spend $1,500 using the new card on the first 2 months from the card approval date.

      Cheers,
      Jason

  7. Default Gravatar
    Tony | October 21, 2016

    If I am currently a supplementary card holder of Amex, and going to apply my own card, am I eligible for this 100,000 points?

    • Staff
      Ysa | October 22, 2016

      Hi Tony,

      Thanks for your inquiry.

      You should be eligible to apply for this card offer, as long as you have not been a primary cardholder of an American Express credit card in the preceding 18-month period.

      Cheers,
      Ysa

  8. Default Gravatar
    | October 18, 2016

    Hi,
    With the balance transfer is 70% of the available credit limit but looking at the amex website on this card it is written as “The maximum balance transfer amount is $10,000 or 70% of your approved credit limit, whichever is the lesser amount” could you clarify this?
    Also, the reward program for transfering to velocity is 1 to 1 from the amex site, is this correct?

    Thanks
    David

    • Staff
      Anndy | October 27, 2016

      Hi David,

      Thanks for your question and for bringing this to our attention.

      Just to confirm, based on the terms and conditions of the American Express Explorer Credit Card, the balance transfer limit is $10,000 or 70% of the approved credit limit, whichever is the lesser amount, with the transfer amounts rounded up to the nearest dollar. We will update our page to reflect the correct information.

      Yes, you can convert 1 Membership Rewards Gateway point to 1 Velocity Point, with a minimum transfer of 2000 points.

      Cheers,
      Anndy

  9. Default Gravatar
    Buddy | October 15, 2016

    Hi!

    Can I get the 100,000 points if I get the card but are already an American Express member?

    Thanks,
    Buddy

    • Staff
      Jason | October 20, 2016

      Hi Buddy,

      Thank you for your inquiry.

      Unfortunately, the 100,000 Membership Rewards Bonus Points offer is not applicable to members who currently hold or who have previously held any other card products offered by American Express in the preceding 12 months.

      Please also note that in order to receive the bonus points offer, new card members should apply online and be approved by 30 November 2016 and meet the spend requirement.

      You may wish to check our comparison page for more rewards credit card options.

      I hope this helps.

      Cheers,
      Jason

  10. Default Gravatar
    | October 14, 2016

    Hi, I am thinking of changing from my Qantas frequent flyer AMEX to the AMEX Explorer Credit Card. I notice the points will go to the airlines without Qantas (4 points for 3 frequent flyers I suppose?) How can I book for the Qantas flight using the points? Would Asia Miles do that. Try contact AMEX put me on long halt!

    Is the travel insurance comparable to other AMEX credit card with free travel insurance eg. ANZ?

    Can the $400 travel credit be carried forwarded to the next year?

    Thanks.

    • Staff
      May | November 4, 2016

      Hi Yvonne,

      Thank you for your inquiry and we’re sorry for the delayed reply.

      1. I am thinking of changing from my Qantas frequent flyer AMEX to the AMEX Explorer Credit Card. I notice the points will go to the airlines without Qantas (4 points for 3 frequent flyers I suppose?)
      Actually, instead of Qantas points, the AMEX Explorer Credit Card lets you earn 2 Membership Rewards points for every $1 spent on eligible purchases and you can transfer these points to a choice of 8 airline partner programs namely Asia Miles, Emirates Skywards, Etihad Guest, Malaysian Airlines Enrich, Singapore Airlines KrisFlyer, THAI Royal Orchid Plus, Velocity Frequent Flyer and Air New Zealand Airpoints.

      2. How can I book for the Qantas flight using the points?
      You may have to visit the Qantas official website in order to book a flight with Qantas or their partner airlines using your Qantas points.

      3. Is the travel insurance comparable to other AMEX credit card with free travel insurance eg. ANZ?
      Generally, the complimentary travel insurance attached to the credit cards varies as the insurance providers and terms and conditions surrounding the insurance policy for each credit card differ. For AMEX, the travel insurance cover also depends on the type of AMEX card. You can find information about AMEX complimentary travel insurance on this page.

      4. Can the $400 travel credit be carried forwarded to the next year?
      The Travel Credit of $400 can be used for 365 days from the date of issue and cannot be carried forward to any subsequent year.

      Hope I have answered your questions.

      Cheers,
      May

Credit Cards Comparison

Rates last updated December 3rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. 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
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 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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