American Express Platinum Edge Credit Card – Rates and Fees

Information verified correct on December 9th, 2016
American Express Platinum Edge Credit Card Find out more Go to site

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  • Once approved, you will typically receive your credit card within 1-2 weeks
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Receive Membership Rewards Bonus Points and a $200 travel credit when you meet the minimum spend requirements.

The American Express Platinum Edge Credit Card combines rewards with premium perks and features designed to add value to your account. This includes reward points for everyday spending and complimentary domestic and international travel insurance.

You can also get a bonus 10,000 Membership Rewards Points if you apply, are approved and spend $750 on your card within the first 3 months. Plus, enjoy 0% p.a. on balance transfers for 12 months.

You can also take advantage of 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
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
Minimum Monthly Repayment2.5% or $30
Minimum Income$50,000
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 Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$50,000
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$195 p.a.
Minimum Repayment2.5% or $30
Late Payment Fee$30
Over Limit Fee$15
Cash Advance Fee$2.50 or 2% of the cash advance amount, whichever is greater
Overseas Emergency Replacement$0
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
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend criteria.
  • This card has a tiered rewards program. Earn the maximum amount of points in a situation where you would be spending money anyway.
  • Platinum cardholders get complimentary membership to the Ascent Rewards program valued at $80.
  • Cardholders can get a $200 travel credit and can redeem it against any single eligible travel booking of $200 or more where applicable when booking online through AMEX travel. To take advantage of the $200 travel credit, you must pay the annual fee and have paid your minimum payment by the due date.
  • This card comes with an introductory balance transfer offer of 0% p.a. for 12 months.

Cons

  • This card has a minimum income requirement of $50,000 per year, so this isn't for everyone.
  • A 1% balance transfer fee applies.
Rewards ProgramMembership Rewards
Bonus Points on Sign-up10,000
Rewards Points per $ (VISA/MC)0
Rewards Points per $ (AMEX)1
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

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, $200 credit for flight benefit, travel cancellation cover, purchase protection and online fraud protection guarantee to offer a range of extra benefits while shopping.

It also features an annual fee of $195. If you’re a frequent traveller who spends regularly using their 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

    • Bonus points. If you apply, get approved, and spend $750 using your American Express Platinum Edge Card in the first 3 months of card approval, you'll be eligible for 10,000 Membership Rewards Bonus Points. The bonus points will be credited to your account 8-10 weeks after the spend criteria has been met. Note that this offer excludes existing Card Members or previous Card Members who have held any American Express Card in the last 18 months.
    • $200 travel credit. With an American Express Platinum Edge Credit Card, you can look forward to a $200 travel credit each year, which you can redeem against any single eligible travel booking of a $200 or more (where applicable) 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 to any subsequent year and can only be used once you’ve paid the annual fee and minimum payment by the due date.
    • 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.
    • 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 $10,000, 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.
    • 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.
    • Points for government and utility charges. If you use this card to pay for utilities or government charges, you'll earn points per $1 spent. This includes ATO payments.
    • 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, cash back, 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.
    • World class service. American Express offers you the luxury of accessing your account all over the world. You can manage your account online with ease and you get access to Platinum Priority Services where you can receive assistance when you need it.
    • Free supplementary cards. Customers can get up to 4 supplementary cards with no additional annual fees.
    • Eligible for use with Apple Pay, Android Pay and Samsung Pay. Use your smartphone to pay for purchases by linking this card to your Apple Pay, Android Pay or Samsung Pay app.

Features of the American Express Platinum Edge Credit Card

  • Annual fee. This platinum card attracts an annual fee of $195.
  • Interest rate. This card has a standard variable purchase rate of
  • Balance transfer revert rate. If you opt to take advantage of the balance transfer offer, any amount remaining at the end of the month introductory period will revert to the standard variable purchase rate of
  • Interest-free days. This card offers up to days interest-free on purchases if you pay your balance off in full by the due date on your statement.
  • Currency conversion fee. A 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 just 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 that you can choose a credit card that's right for your needs.

Frequently asked questions

What transactions are not eligible to earn Membership Rewards?

According to the Membership Rewards program terms and conditions, you will not accrue points for:

  • Charges processed, billed or prepaid prior to the enrolment date
  • Cash advances, Corporate Cash, Express Cash or any other cash services or transactions
  • American Express Travellers Cheque and Gift Cheque purchases
  • Charges for dishonoured payments
  • Interest charges – including American Express Credit Card account finance charges
  • Fees and charges, including joining fees, annual Card fees and Membership Rewards program fees
  • Late payment charges
  • Charges for the pay portion of a Points + Pay Membership Rewards redemption
  • Charges in relation to promotional offers which we exclude from points accrual
  • Charges for which we do not receive payment in full for any reason
  • Fees and charges incurred for processing and amending applicable American Express foreign exchange products
  • Balances transferred from other Credit Card accounts
  • Charges at a merchant that you or any supplementary card member to your account or any third party related to you have any ownership interest in, excluding shares quoted on a recognised stock exchange
  • Any credits that are posted to your primary account or any linked accounts –including those arising from returned goods or services or from billing disputes. Any points accrued in your program account will be reduced to reflect the amount credited.

Would I be able to earn reward points on overseas purchases?

Yes, reward points can be earned on overseas purchases, providing they are eligible to earn points.

Is there any cancellation fees which I need to pay if I want to cancel the card?

This card does not have any cancellation fees. There is no minimum term for this card which means that customers can cancel the card once their balance is paid off. Further details on how to cancel the card can be found here.

I am going on an overseas cruise vacation. Will I be covered by the travel insurance provided by this card?

You will be covered as long as you meet the eligibility requirements and the purchases are made through this card.

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199 Responses to American Express Platinum Edge Credit Card – Rates and Fees

  1. Default Gravatar
    Norm | November 8, 2016

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

    • Staff
      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

  2. 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 ?

    • Staff
      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

  3. 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

    • Staff
      Anndy | 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

  4. Default Gravatar
    X | July 17, 2016

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

    • Staff
      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.

    • Staff
      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

  5. 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?

    • Staff
      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

    • Staff
      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

  6. 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?

    • Staff
      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

  7. 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

    • Staff
      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
      | January 12, 2016

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

      Cheers,
      Brad

    • Staff
      Debbie | January 12, 2016

      Yes Brad. That is correct.

  8. Default Gravatar
    Emily | October 30, 2015

    Hi – do you qualify for the complimentary Amex Airport Lounge Access with this card?

    • Staff
      Sally | October 30, 2015

      Hi Emily,

      Unfortunately, the American Express Platinum Edge card doesn’t offer complimentary airport lounge access.

      The Platinum card on the other hand offers cardholders a priority pass to access Virgin lounges and American Express lounges.

      I hope this has helped.

      Thanks,

      Sally

  9. Default Gravatar
    Murray | August 14, 2015

    If I get a American Express Platinum Edge Credit Card do the point go to my Velocity Points card with Virgin Australian

    • Staff
      Jonathan | August 14, 2015

      Hi Murray, thanks for your inquiry!

      American Express membership rewards points can be transferred to Velocity Frequent Flyer accounts. Please refer to the link I have sent to your email to transfer your points.

      Cheers,

      Jonathan

  10. Default Gravatar
    Sandra | July 29, 2015

    Hi there,
    I was wondering If I book my complimentary flight ( on my platinum card) , can I then change the date I fly ?

    • Staff
      Jonathan | July 30, 2015

      Hi Sandra, thanks for your inquiry!

      Unfortunately the complimentary flight dates are fixed and are unable to be amended after booking.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated December 9th, 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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