American Express Platinum Edge Credit Card

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Receive a yearly $200 Travel Credit, complimentary travel insurance and uncapped Membership Rewards with the Amex Platinum Edge.

The Platinum Edge boasts premium perks to help you get more value from your spending. You’ll earn Membership Rewards points, lounge passes and can save with complimentary travel insurance.

0% p.a.

Balance transfer rate

for 12 months with 1% balance transfer fee

20.74% p.a.

Purchase rate

1

Reward point

Per $ spent (American Express)

$195 p.a.

Annual fee

Details

Product NameAmerican Express Platinum Edge Credit Card
Rewards ProgramMembership Rewards Ascent
Balance transfer rate0% p.a. for 12 months with 1% balance transfer fee
Balance Transfer Revert RatePurchase Rate (20.74% p.a.)
Balance Transfer Limit70% of available balance
Maximum Balance Transfer Amount$10,000
Purchase rate (p.a.)20.74% p.a.
Annual fee$195 p.a.
Interest Free Period55 days
Min credit limit$3,000
Max credit limit$50,000
Card TypeAmerican Express
Foreign Currency Conversion Fee (American Express)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$50,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo

Pros

  • Earn up to 3 Membership Rewards points per $1 spent.
  • $200 Travel Credit every year to redeem through American Express Travel
  • 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 $ Cap (American Express)Uncapped
Annual fee$195 p.a.
Minimum Monthly Repayment2.5% of the closing balance or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (American Express)3% of transaction value
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Sally McMullen

Review by


Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The American Express Platinum Edge credit card is one of Amex’s more modest rewards products. Unlike some other platinum frequent flyer cards, it doesn’t boast a bonus points offer. It’s linked with the Membership Rewards Ascent program and it’s one of the few cards that collects points on government transactions (such as ATO bills).

You can transfer your points to partnered frequent flyer programs. For example, you can currently exchange your Membership Rewards for Velocity Points at a 2:1 rate.

How to apply

You can apply for the American Express Platinum Edge Credit card online in 10 minutes and should receive a response within 60 seconds. Before you start the application, make sure you've met the eligibility requirements and organised the necessary documents.

Eligibility criteria

  • Income. You must have a personal gross income of $50,000 or more per year.
  • Residency. You must be an Australian citizen, permanent resident or holder of a current long term visa (12 months or more, not including student visas) to be eligible to apply.

Card benefits

  • $200 travel credit. With an American Express Platinum Edge Credit Card, you can look forward to a $200 travel credit every year. You can redeem it against any single eligible travel booking of a $200 or more 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.
  • Points per $1 spent. You will earn 3 points per $1 spent on purchases at major supermarkets (including Coles and Woolworths) and petrol stations, 2 points per $1 spent in foreign currency overseas and online, and 1 point per $1 spent on most other purchases including government, utilities and insurance spending.

Rates & fees

  • Annual fee. The American Express Platinum Edge Credit Card attracts an annual fee of $195.
  • Interest rate. This card has an ongoing purchase rate of 20.74% p.a.

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205 Comments

  1. Default Gravatar
    Barbra
    March 19, 2018

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

    • Avatarfinder Customer Care
      Jeni
      March 19, 2018

      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
    Azra
    March 16, 2018

    What is the expiry date of this offer?

    • Avatarfinder Customer Care
      Dee
      March 16, 2018

      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
    Krish
    March 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

    • Avatarfinder Customer Care
      Jeni
      March 14, 2018

      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
    Norm
    November 8, 2016

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

    • Avatarfinder Customer Care
      May
      November 8, 2016

      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
    Allan
    August 28, 2016

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

    • Avatarfinder Customer Care
      May
      August 29, 2016

      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
    Ash
    August 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

    • Avatarfinder Customer Care
      Dee
      August 19, 2016

      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
    X
    July 17, 2016

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

    • Avatarfinder Customer Care
      Ysa
      July 18, 2016

      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
      NH
      August 8, 2016

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

    • Avatarfinder Customer Care
      May
      August 9, 2016

      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
    Ted
    May 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?

    • Avatarfinder Customer Care
      May
      May 4, 2016

      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
      Felicity
      July 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

    • Avatarfinder Customer Care
      May
      July 26, 2016

      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
    John
    February 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?

    • Avatarfinder Customer Care
      Sally
      February 3, 2016

      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
    Brad
    January 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

    • Avatarfinder Customer Care
      Debbie
      January 12, 2016

      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
      Brad
      January 12, 2016

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

      Cheers,
      Brad

    • Avatarfinder Customer Care
      Debbie
      January 12, 2016

      Yes Brad. That is correct.

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