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American Express Platinum Edge Credit Card – Rates and Fees

Receive a $200 Travel Credit every year, complimentary travel insurance and uncapped Membership Rewards points for your spending with the American Express Platinum Edge Credit Card.

The American Express Platinum Edge Credit Card features premium perks designed to add value to your account. These include membership to the Ascent Rewards program, complimentary domestic and international travel insurance, a balance transfer offer and a huge range of reward redemption options.

Plus, you'll receive a $200 credit to redeem against any single eligible travel booking of $200 or more (where applicable) when booking online through AMEX travel.

Product NameAmerican Express Platinum Edge Credit Card
Rewards ProgramMembership Rewards Ascent
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.
Annual fee$195 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
Card TypeAmerican Express
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
Minimum Income$50,000
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Annual fee$195 p.a.
Minimum Monthly Repayment2.5% or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee
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
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders4

Pros

  • Earn up to 3 Membership Rewards points per $1 spent.
  • Platinum cardholders get complimentary membership to the Ascent Rewards program.
  • Receive a $200 Travel Credit every year and can redeem it against any single eligible travel booking of $200 or more where applicable when booking online through American Express Travel.
  • This card comes with an introductory balance transfer rate of 0% p.a. for 12 months.

Cons

  • A one-time 1% balance transfer fee applies.
  • The standard purchase rate of 20.74% p.a. is relatively high.
Rewards ProgramMembership Rewards Ascent
Rewards Points per $ spent (AMEX)1
Rewards Points per $ (AMEX) CapUncapped

American Express Platinum Edge Credit Card review

The American Express Platinum Edge Credit Card offers a number of platinum features and benefits for cardholders. Such perks include complimentary travel insurance, a $200 credit for flight benefit, travel cancellation cover, purchase protection and online fraud protection guarantee to offer a range of extra benefits while shopping.

If you’re a frequent traveller who spends regularly using your credit card, then the Amex Platinum Edge could be worth considering. Compare the features of this card to decide if it will suit your needs.

Benefits of the American Express Platinum Edge Credit Card

  • $200 travel credit. With an American Express Platinum Edge Credit Card, you can look forward to a $200 travel credit every year, which you can redeem against any single eligible travel booking of a $200 or more as long as you book through AMEX travel. The travel credit can be used for 365 days from the date of issue, cannot be carried forward and can only be used once you’ve paid the annual fee and minimum payment by the due date. If you cancel your travel booking, your credit for that year will be forfeited.
  • Points per $1 spent. This card allows you to earn up to 3 points per $1 spent on purchases at major supermarkets (including Coles and Woolworths), 2 points per $1 spent at major petrol stations, and 1 point per $1 spent on most other purchases.
  • Rewards. The Membership Rewards Ascent Program provides a range of ways for you to use your points on shopping or travel rewards, with options including merchandise, cashback, gift cards and travel bookings. You can also transfer your Membership Rewards points to frequent flyer programs including Velocity Frequent Flyer, Emirates Skywards, Etihad Guest, Singapore Airlines KrisFlyer and Cathay Pacific Asia Miles. For the transfer rates read our full guide on transferring rewards points to frequent flyer.
  • Balance transfer offer. The American Express Platinum Edge Credit Card offers a balance transfer rate of 0% p.a. for 12 months. Note that a one-off credit establishment fee worth 1% of the balance transfer amount applies. There is a maximum balance transfer amount of $10,000 or 70% of your approved credit limit, whichever is less.
  • Points for government and utility charges. If you use this card to pay for utilities or government charges, you'll earn 0.5 points per $1 spent. This includes ATO payments.
  • Complimentary travel insurance. When you pay for travel on your card, you will receive a range of complimentary travel insurances. You receive overseas medical emergency expenses cover up to $2,500,000, travel cancellation cover up to $10,000, personal liability cover up to $1,000,000, as well as baggage, money and documentation cover up to $10,000. The travel inconvenience policy may also cover your missed connections, flight and luggage delays.
  • Purchase insurances. This card offers a range of insurance covers for purchases, including purchase protection for stolen or broken items, refund protection insurance and extended warranty coverage through the "Buyer's Advantage" program.
  • Free supplementary cards. Customers can get up to 4 supplementary cards with no additional annual fees.
  • Eligible for use with Apple Pay, Google Pay and Samsung Pay. Use your smartphone to pay for purchases by linking this card to your Apple Pay, Google Pay or Samsung Pay app.

Features of the American Express Platinum Edge Credit Card

  • Annual fee. The American Express Platinum Edge Credit Card attracts an annual fee of $195.
  • Interest rate. This card has a standard variable purchase rate of 20.74% p.a.
  • Balance transfer revert rate. If you opt to take advantage of the balance transfer offer, any amount remaining at the end of the 12-month introductory period will revert to the standard variable purchase rate of 20.74% p.a.
  • Interest-free days. This card offers up to 55 days interest-free on purchases if you pay your balance off in full by the due date on your statement.
  • Currency conversion fee. A 3% fee applies for every transaction made overseas or on a foreign currency online.
  • Card security. American Express provides fraud-monitoring services and an Online Fraud Protection Guarantee so you won't be held responsible for unauthorised charges that are detected and reported immediately. It also offers a 24/7 Global Card Support service.

How to apply for the American Express Platinum Edge Credit Card

Applying for the American Express Platinum Edge Credit Card is simple and can be done online in a few minutes. But before that, make sure you meet the following eligibility requirements.

Eligibility criteria

  • You must be at least 18 years of age
  • You must be an Australian citizen or permanent resident or hold a Business Long Stay Visa
  • You must have a personal gross income of $50,000 p.a. or more
  • You must have no history of bad debt or payment default

Required documents

If you meet the requirements, you can start your application. Make sure you have the following details and documents handy to make the process as smooth as possible.

  • Personal information. This includes your full name, contact details and driver's licence number.
  • Employment information. Including your position, length of employment, salary and your employer's contact details.
  • Financial information. Meaning any assets such as investments, shares or savings, as well as debts and ongoing financial responsibilities such as rent, mortgages, bill payments or other household expenses.

American Express Platinum Edge Credit Card has benefits and features that are designed to suit big spenders and frequent travellers, with rewards, a complimentary domestic and international travel insurance as some of the highlights. It also has a high standard interest rate and annual fee, so it's important to weigh up the benefits and costs then compare this card to a range of other products so you can choose a credit card that's right for your needs.

Frequently asked questions

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    205 Responses

    1. Default Gravatar
      March 19, 2018

      Can I use my American Express Platinum Edge Credit Card to access the Amex Lounges at Sydney an Melbourne Airports?

      • Staff
        JeniMarch 19, 2018Staff

        Hi Barbra,

        Thank you for getting in touch with finder. The American Express Lounge is open to select American Express cardholders, including some bank-issued Amex cards. In this page, it only indicates that your card has the complimentary travel insurance but not the airport lounge pass. If you also want to check on some info about the American Express Lounge at Sydney, you may refer to this link.

        I hope this helps.

        Have a great day!

        Cheers,
        Jeni

    2. Default Gravatar
      AzraMarch 16, 2018

      What is the expiry date of this offer?

      • Staff
        LouMarch 16, 2018Staff

        Hi Azra,

        Thanks for your question.

        The American Express Platinum Edge Credit Card offer has no stated end date but is subject to change any time.

        Cheers,
        Anndy

    3. Default Gravatar
      KrishMarch 14, 2018

      Hi,
      I came to this page from the Exclusive Offers page https://www.finder.com.au/exclusive-offers that says ‘50,000 Rewards points Plus a $200 travel credit each year’, however, I can’t find any indication of the 50,000 Rewards points on this page. I don’t see it in the Amex website as well after clicking through ‘Go to American Express’ website’. Is the offer still valid?

      Thanks,
      Krishnan

      • Staff
        JeniMarch 14, 2018Staff

        Hi Krishnan,
        Thanks for getting in touch with finder. I can understand that you have been reading about this exclusive offer and you want to find out more on the “50,000 Reward points and $200 travel credit each year” from American Express. Upon checking, YES this offer is still valid and new American Express Platinum Edge Credit Card cardholders are entitled to $200 Travel Credit every year, complimentary travel insurance and uncapped Membership Rewards points for the spending. You may also refer to this link https://www.finder.com.au/american-express-platinum-edge-credit-card for your further enquiry.

        I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

        Have a wonderful day!

        Cheers,
        Jeni

    4. Default Gravatar
      NormNovember 8, 2016

      What is the minimum spend for complimentary Virgin Australia domestic return flight – Platinum Edge Credit Card

      • Staff
        MayNovember 8, 2016Staff

        Hi Norm,

        Thank you for your inquiry.

        To be eligible for the travel insurance, you must book the full fare for a return trip on your American Express credit card or by using reward points earned through the card like AMEX Membership Rewards or Qantas Frequent Flyer points.

        On some other cards like the AMEX Platinum charge card, you can also claim insurance if you have booked a trip using other rewards points, as long as you pay for taxes and other additional fees using your AMEX card.

        If you wish to further check the other eligibility requirements for the AMEX complimentary travel insurance, please click this link.

        Hope this helps.

        Cheers,
        May

    5. Default Gravatar
      AllanAugust 28, 2016

      does the travel insurance on this card offer much in the way of pre-existing medical condition cover please ?

      • Staff
        MayAugust 29, 2016Staff

        Hi Allan,

        Thank you for your inquiry. Just to confirm though that you’ve come through to finder.com.au we are an Australian financial comparison website and general information service, not actually AMEX nor ACE Insurance.

        Under the AMEX Platinum Edge Card complimentary travel insurance T&Cs, the international travel insurance cover includes “Medical Emergency Expenses Cover” for repatriation/evacuation, cost of overseas treatment, emergency dental treatment and reasonable extra accommodation costs in the event of a Medical Emergency. However, this excludes “Pre-Existing Medical Conditions.”

        I’ve sent you an email with the link to the AMEX Platinum Edge Card complimentary travel insurance T&Cs for your reference.

        Hope this helps.

        Cheers,
        May

    6. Default Gravatar
      AshAugust 18, 2016

      Hi, I applied for the card and asked amex about 30k bonus point they said they don’t know anything about it as there website says 10k bonus points only . pls help as this is not fair

      • Staff
        LouAugust 19, 2016Staff

        Hi Ash,

        Thanks for your question.

        The 30,000 Membership Rewards Bonus Points offer is exclusive for finder.com.au only. You can receive these points if you apply for American Express Platinum Edge Credit Card through our “Go to site” button above and spend more than $750 on your card within the first two months from card approval.

        Cheers,
        Anndy

    7. Default Gravatar
      XJuly 17, 2016

      Hi How do I apply for this and be eligible for the exclusive offer via finder.com.au?

      • Staff
        YsaJuly 18, 2016Staff

        Hi X,

        Thanks for your question.

        If you would like to apply for this exclusive offer, you can click on the green “Go to Site” button to begin your application. You may also wish to check the eligibility criteria and required documents first before making an application to this credit card.

        Please also note that the exclusive offers presented on this page are only available to applicants who apply for the American Express Platinum Edge credit card through finder.com.au before 31 August 2016.

        I hope this helps.

        Cheers,
        Ysa

      • Default Gravatar
        NHAugust 8, 2016

        The link to “Go To Site” looks to be broken to apply.

      • Staff
        MayAugust 9, 2016Staff

        Hi NH,

        Thanks for your inquiry.

        I have tried clicking the ‘Go to site’ button above and also the “apply now” button on AMEX website without a problem. Maybe clearing your cache and cookies would help.

        Cheers,
        May

    8. Default Gravatar
      TedMay 4, 2016

      With regards to the free flight and the annual fee for the card. I understand the first year there is no annual fee. Can I book my free flight in the first year or do I have to wait for the first year to tick over, and have to pay my CC fee for the second year ($195) before I can book my ‘free’ flight?

      • Staff
        MayMay 4, 2016Staff

        Hi Ted,

        Thanks for your inquiry.

        As stated in the American Express Platinum Edge card T&Cs, to qualify for a flight, you must have paid the Minimum Amount on your first and most recent Platinum Edge Credit Card statements by the due date and have maintained your account with American Express in good standing. So, that means you can claim your free flight in your first year.

        For further information and for your reference, I’ve sent to your email the AMEX Platinum Edge T&C link.

        I hope this has helped and has answered your question.

        Cheers,
        May

      • Default Gravatar
        FelicityJuly 25, 2016

        Hi, can you confirm that there is no annual fee the first year ? This was the deal I was told about when I enquired earlier. Thanks

      • Staff
        MayJuly 26, 2016Staff

        Hi Felicity,

        Thanks for your inquiry.

        At the moment, for American Express Platinum Edge Credit Card, the annual fee of $195 p.a. is actually not free for the first year. The promotion for this card is you’ll receive an exclusive offer of 30,000 Membership Rewards Bonus Points if you apply through finder.com.au and spend more than $750 on your card within the first two months.

        Cheers,
        May

    9. Default Gravatar
      JohnFebruary 2, 2016

      Can you acquire Qantas FF points if you pay tax bills at the ATO with this card? If so, what is the points per dollar?

      • Staff
        SallyFebruary 3, 2016Staff

        Hi John,

        The American Express Platinum Edge credit card doesn’t earn Qantas Frequent Flyer points. Instead, you’ll earn Membership Rewards which you can then transfer to up to nine different frequent flyer programs (though Qantas is not one of them).

        If you use your AMEX Platinum Edge credit card for ATO payments, you’ll earn 0.5 Membership Rewards per $1 spent.

        I hope this has helped.

        Cheers,

        Sally

    10. Default Gravatar
      BradJanuary 8, 2016

      Hi there,

      What’s stopping me from just getting the card, getting the free flight without actually spending any money on it, then cancelling the card? Will I get a bad credit rating?

      Kind regards,
      Brad

      • Staff
        DebbieJanuary 12, 2016Staff

        Hi Brad,

        Thanks for your inquiry.
        Please note that you’ve come through finder.com.au, an online comparison service and we’re not in the position to provide any financial advice.

        As long as you remain a Platinum Edge card member, you will be receiving a Virgin Australia domestic economy return flight once you reached your anniversary year.

        Please refer to this page for the list of available flight destinations offered by American Express.

        I hope this helps.

        Cheers,
        Debbie

      • Default Gravatar
        January 12, 2016

        Thanks Debbie. So you need to be a member for one year until you can receive the flight?

        Cheers,
        Brad

      • Staff
        DebbieJanuary 12, 2016Staff

        Yes Brad. That is correct.

    Credit Cards Comparison

    Rates last updated June 18th, 2018
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