American Express Platinum Rewards Credit Card – Rates and Fees

Information verified correct on December 5th, 2016

The American Express Platinum Rewards card is no longer available. Discover how you can earn points and save with other American Express cards here.

Important Information

The American Express Platinum Rewards Credit Card is no longer available for new customers. The credit card cannot be applied for, however, the information on this page has been kept for the benefit of existing customers and for those who are interested.

If you would like to compare the current range of American Express credit cards: click here.

Use the American Express Platinum Rewards credit card to earn points to redeem for a variety of rewards while saving money through special promotions. With an exclusive offer from American Express, you can also look forward to receiving bonus points if you apply for the card before .

You will also have the $80 annual fee waived for the first year and get a promotional rate of 0.99% p.a. on balance transfers for 6 months. As a cardholder you’ll also enjoy interest-free days, complimentary supplementary cards and fraud protection.

American Express Platinum Rewards credit card review

American Express Platinum Rewards credit card provides reward points at a competitive cost. Applicants get to experiment with the card for one year at zero annual cost and decide if the card suits their buying habits. If they collect enough points on the card, they can keep the card at an annual fee of $80 from second year. The reward point’s structure is also suitable in our everyday life where points can be earned for almost every expense. 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 entail additional 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  points per dollar spent. You can also earn  points per dollar spent on utility bills.
  • $0 annual fee. Cardholders can test how the card works for them without paying an annual fee for the first year.
  • 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 four 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.

Frequently asked questions

How can I transfer my points to another airline rewards program?

To transfer points to another airline reward program you need to be a member of that partner program. The points can then be transferred, subject to the terms and conditions of the applicable program.

Is there any cancellation fee if I do not want to go for a second year on this card?

There are no additional cancellation charges on this card however you need to repay the balance in full before starting the cancellation process.

Which are the stores which earn higher earn rates of 2 points per dollar spent?

The higher earn rates are available at participating stores. The “major supermarkets” classified for this rate are: Bi-Lo, Flemings, Safeway, Woolworths, Coles, IGA, Franklins, Fishers, Fresh Provisions, Food for Less, Supabarn, Macro Wholefoods. “Major petrol station” providing this earn rate are: BP, Shell, Caltex, Woolworths Petrol, Safeway Petrol, Peak & Gull.

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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.

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