In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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American Express Business Explorer Credit Card

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American Express Business Explorer Credit Card
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Terms and conditions apply
Purchase rate
23.99% p.a.
Reward points per $ spent
2
Annual fee for the first year ($149 p.a. thereafter)
$0 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers 2 airport lounge passes, complimentary travel insurance, and a $0 first-year annual fee, which goes to $149 p.a. after that.

The American Express Business Explorer credit card is suited to people who want to be rewarded for their business spending. It earns 2 points per $1 on most eligible spending and 1 point per $1 with government bodies – including the ATO. Right now, it also offers a $0 first-year annual fee when you apply by 23 July 2024. The $149 annual fee that applies after that is competitive among business rewards cards, especially because there is no annual fee for up to 99 employee cards.

Pros

  • $0 first-year annual fee
  • Up to 99 additional cards at no cost
  • 2 American Express Lounge passes per year for use at Sydney or Melbourne international airports
  • Complimentary travel insurance
  • Up to 2 Membership Rewards points per $1 spent

Cons

  • $149 annual fee after the first year
  • 3% foreign transaction fee
  • No ATM withdrawals or other cash advance transactions, which could be limiting for some businesses

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The American Express Business Explorer Credit Card offers a mix of perks and helpful business features. This includes 2 American Express Lounge passes per year that you can use at Sydney or Melbourne international airports and complimentary travel insurance. It also has detailed statement breakdowns and transaction data that can help with accounting tasks for your business.

Details

Product details

Product Name American Express Business Explorer Credit Card
Purchase rate p.a. 23.99%
Interest-free period Up to 55 days on purchases
Min credit limit $3,000
Card type American Express

Eligibility

Available to temporary residents No
Joint application No

Rewards

Rewards program Membership Rewards Gateway
Bonus points N/A
Rewards points per $ spent 2
Rewards points cap Uncapped

Fees

Annual fee $0 first year ($149 after)
Minimum monthly repayment 2.5% of the closing balance or $30, whichever is greater
Late payment fee $30
Foreign currency conversion fee 3%
Cash advance fee 2% or $2.50, whichever is greater
Additional cardholder fee $0
Number of additional cardholders 99

Congratulations, American Express!

American Express Business Explorer received the highly commended award for 'Business Rewards Credit Card' in the 2024 Product Awards.

Full list of 2024 winners

How to apply

You can apply for the American Express Business Explorer credit card online, but make sure you check the eligibility requirements and organise the necessary information before you start your application.

Eligibility criteria

  • Business requirements. Your business must have a valid ABN registered for GST with an annual revenue of at least $75,000.
  • New cardholder application. To be eligible for the $0 first-year annual fee offer, you must be a new American Card Member. This means you can't have had an American Express card in the past 18 months.

Card benefits

  • $0 first-year annual fee. The American Express Business Explorer Credit Card offers a first-year annual fee waiver when you apply as a new Amex card member by 23 July 2024. This saves you $149 on the annual fee that applies after the first year.
  • Membership Rewards Gateway program. You'll collect 2 Membership Rewards Points per $1 spent on purchases and 1 Membership Rewards Point per $1 spent with government bodies. Rewards include travel bookings, credit on your account, paying for purchases with points, gift cards and purchases at David Jones, PayPal or Myer. You can also transfer your Membership Rewards to partnered frequent flyer programs including Virgin Australia Velocity Frequent Flyer, Singapore Airlines KrisFlyer and Emirates Skywards, with 3:1 or 2:1 transfer rates for most programs.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges an annual fee of $149.
  • Purchase rate. This card has a variable purchase rate of 23.99% p.a. You can't use it for ATM withdrawals or cash advances, so no cash advance rates apply.

Your reviews

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Amy Finder

Editor

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Ruth Mulhern

May 22, 2018

The American Express website is quoting 50k points. How do you apply for this offer of 100k


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Nikki Angco

May 23, 2018

Hi Ruth,


We’ve read your message, Thanks!


Please note that we’re a product comparison website and we do not represent any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.


Earn 100,000 bonus Membership Rewards when you meet the spend requirements:


— You can give your points balance a boost of 100,000 bonus Membership Rewards when you apply by 2 July 2018, receive approval and spend $3,000 in the first three months.


Business Loyalty Bonus. If you spend at least $100,000 within 12 months of your approval date, you’ll also receive a business loyalty bonus of 50,000 Membership Rewards.


Hope this was helpful.


Cheers,

Nikki


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James

May 20, 2018

Do you get $400 travel credit voucher per annum with Amex business explorer card like you do with the Amex explorer card?


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Jeni Velasco Finder

May 20, 2018

Hi James,


Thank you for getting in touch with finder.


As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.


With this American Express Business Explorer credit card, you don’t get $400 travel credit however you’ll also earn 2 Membership Rewards per $1 spent on purchases and 0.5 Membership Rewards points per $1 spent on government costs (such as ATO transactions). You can redeem these rewards to pay for purchases with points, gift cards or purchases via David Jones or Ticketmaster. If you prefer frequent flyer points, you can also exchange your Membership Rewards for points with eight frequent flyer programs including Velocity, Emirates Skywards, Air New Zealand Airpoints, Singapore Airlines KrisFlyer and Etihad Guest. If you spend at least $100,000 within 12 months of your approval date, you’ll also receive a business loyalty bonus of 50,000 Membership Rewards.


I hope this helps.


Have a great day!


Cheers,

Jeni


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