American Express Platinum Rewards Credit Card – Rates and Fees

The American Express Platinum Rewards card lets you maximise your rewards points per $1 spent.

Use the American Express Platinum Rewards credit card to earn points to redeem for a variety of rewards while saving money through special promotions. As a cardholder you’ll also enjoy interest-free days, complimentary supplementary cards and fraud protection.

Product NameAmerican Express Platinum Rewards Credit Card
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (20.74% p.a.)
Purchase rate (p.a.)20.74% p.a.
Annual fee$80 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
Minimum Monthly Repayment2.5%
Minimum Income$40,000
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 InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Income$40,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
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
Annual Fee$80 p.a.
Minimum Repayment2.5%
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

American Express Platinum Rewards credit card review

American Express Platinum Rewards credit card provides reward points for your everyday spending. The reward points structure is also suitable for everyday life where points can be earned on eligible purchases. Additional purchase insurance on purchases also helps shoppers. Supplementary cards can be used to ensure all the expenses of the household take place through a single account and earn points. However, this card does not have complimentary travel insurance which can mean an out of pocket expense for frequent flyers.

Benefits of American Express Platinum Rewards credit card

Some of the benefits of this card are:

  • Reward points. Cardholders will be rewarded as they spend and can earn up to 2 points per dollar spent. You can also earn  points per dollar spent on utility bills.
  • Airline rewards. Frequent travellers will be happy to know that your points can be used to shop for thousands of products online or can be redeemed with nine airline rewards partner programs.
  • Additional cards. You can get a hold of 4 additional cards at no extra cost. This can be a good way for families to spend and pool points under the same account.
  • Refund and Purchase Protection. If goods bought on the card are stolen or damaged within 90 days of purchase, they will be repaired or the cost refunded.

Features of American Express Platinum Rewards credit card

Some of the features of this card are:

  • Fraud protection. If there is any unusual activity on card, customers are not held accountable for unauthorised charges when they inform the firm about it.
  • Interest-free days. The card comes with 55 interest-free days which can reduce the interest cost on purchases.
  • Emergency card replacement. If the card is lost or stolen, it can be replaced virtually anywhere in the world within 48 hours.
  • Interest rate. The interest rate on purchases is 20.74% p.a.

How to apply for American Express Platinum Rewards credit card

If this card meets your requirement, you can proceed with the online application form for this card.

Eligibility criteria

  • Age. Applicant must be at least 18 years of age.
  • Resident. They should be an Australian citizen or permanent resident or hold a Business Long Stay Visa (subclass 457).
  • Minimum income. Applicants must have a pre-tax income of $40,000 p.a.
  • Credit history. They should have no history of bad debt or payment default.
  • Self-employed. If self-employed, they must be trading for at least 18 months or 12 months if they have an existing AMEX card.

Required documents

  • Personal details. Name, date of birth, contact information and other personal details are needed.
  • Employer details. Contact details and address of the employer are needed.
  • Financial details. The form requires details about the income and expenses of the applicant.
  • Identification. It requires driver’s licence or Medicare card or Australian birth certificate.
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16 Responses to American Express Platinum Rewards Credit Card – Rates and Fees

  1. Default Gravatar
    Owen | September 9, 2015

    I would like to know if this card is still available, i also cannot find the apply button. If possible could you send the link to me?

    • Staff
      Jonathan | September 9, 2015

      Hi Owen, thanks for your inquiry!

      Please refer to the link I have sent to your email to apply for this card. You may also like to refer to this page to compare more Platinum credit cards.

      Cheers,

      Jonathan

  2. Default Gravatar
    | July 8, 2015

    Is this card still available? I couldn’t find the apply button.
    if you can please send me the link through email thx!

    • Staff
      Sally | July 9, 2015

      Hi HC,

      Thanks for your question.

      Yes, the American Express Platinum Rewards credit card is still available.

      I’ve emailed you a link to the application page.

      I hope this has helped.

      Thanks,

      Sally

  3. Default Gravatar
    Devon | June 15, 2015

    I found this card from the comparison page, but I can’t see anywhere to apply for this card. Is this still available?

    • Staff
      sally.mcmullen@hiveempire.com | June 16, 2015

      Hi Devon,

      Thanks for your question.

      Yes, the American Express Platinum Rewards credit card is still available.

      If you click on the green ‘Go to Site’ on our American Express Platinum Rewards Card page, you will be linked through to the online application. Once you’ve reached the page, you’ll just need to click the ‘Apply Now’ button to begin your application.

      I hope this has answered your question.

      Thanks,

      Sally

  4. Default Gravatar
    ANTON | October 21, 2014

    Hi, would you be able to tell me if there are any fees for everyday shopping payments?

    e.g. Coles and Shell petrol station in Australia, and Flight tickets?

    Also, how the rewards points program with Emirates skywards miles?

    Thanks in advance for your help.

    Regards
    A.

    • Staff
      Elizabeth | October 22, 2014

      Hi Anton,

      Thanks for your question.

      You won’t be charged any fees for making everyday shopping purchases such as for petrol or to purchase flight tickets, although you may be charged certain fees by the retailer.

      You are also able to transfer your points into Emirates Skywards Miles with a minimum of 2,000 points required per transfer via your online account.

      I hope this has helped.

      Thanks,

      Elizabeth

    • Default Gravatar
      ANTON | October 22, 2014

      Hi Elisabeth
      and thanks for your reply.

      Would you be able to tell me how many miles 2000 points are?

    • Staff
      Elizabeth | October 22, 2014

      Hi Anton,

      No worries. The earn rate is 0.75 Skywards miles for 1 Membership Reward point, so you’ll receive 1500 Skywards Miles in exchange for 2000 Points.

      I hope this has helped.

      Thanks,

      Elizabeth

  5. Default Gravatar
    Tim | June 19, 2014

    What does a record of charge mean when listed in the additional fees and charges section on the American Express webpage

    • Staff
      Shirley | June 20, 2014

      Hi Tim,

      Thanks for your question.

      In the terms and conditions it states that “the term “ROC” includes the record of any Charge which is captured by EDC. For every Charge you shall complete a ROC legibly at the time of purchase. Each ROC shall bear:
      (1) the Card number and the expiry date of the Card;
      (2) the date of the Charge;
      (3) the amount of the Charge, including applicable taxes;
      (4) an Authorisation approval code for any Charge which requiresAuthorisation under the terms of this Agreement;
      (5) a description of the goods or services purchased;
      (6) your Establishment’s name, location and Merchant number;
      (7) the Cardmember’s signature if the Charge is made in person;
      (8) the words “Delayed Delivery” if it has been agreed with theCardmember that the goods or services will not be despatched or rendered on the date the Charge is incurred; and
      (9) all other information required by us from time to time. You shall submit all Charges to us under the Establishment number we have assigned to you. You shall retain all ROCs and other documents (in whatever format) evidencing Charges for a period of twelve (12) months from the date of submission thereof and shall provide to us, at our request, copies thereof within fifteen (15) days after receipt of such notification;
      (10) ExpressCap ROCs are not to be sent to us. ExpressCap transactions must be submitted automatically. ExpressCap ROCs consist of a two (2) ply document with a copy for the Cardmember and your Establishment only.”

      Cheers,
      Shirley

  6. Default Gravatar
    Paddy | June 9, 2014

    The statement above: Interest rate – You will be charged on purchases. Does this mean you will be charged on all purchases? If so what interest rate will you be charged?

    • Staff
      Shirley | June 10, 2014

      Hi Paddy,

      Thanks for your question.

      Your purchases are subject to the ‘up to 55 day interest free’ feature, given that you meet the terms and conditions. Purchases outside that will be subject to the interest rate on purchases.

      Cheers,
      Shirley

  7. Default Gravatar
    | March 12, 2014

    Hi, Just wondering what minimum income requirement is for this card?

    • Staff
      Jacob | March 13, 2014

      Hi, Greg.

      Thanks for your question.

      The minimum income requirement for this product is a pre-tax income of $40,000 p.a. You can find the other eligibility requirements listed in the ‘application requirements’ table at the bottom of our review page.

      I hope this helps.

Credit Cards Comparison

Rates last updated May 28th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first 3 months, plus a $129 Virgin Australia Gift Voucher each year.
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
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 spent and receive an annual fee refund with minimum spend.
19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 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

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