American Express is shaking up the business market with the launch of the American Express Business Explorer Credit Card .
New Card Members receive 100,000 Membership Rewards Bonus Points when applying for the card by 30 November and spending $3,000 in the first 3 months from the Card approval date.
The American Express Business Explorer Credit Card comes with an uncapped points earning rate, a generous loyalty bonus each year to reward existing card holders, a low interest rate and other perks to save you time and money – it’s our pick as one of the best business credit cards currently available in the market.
In addition to the 100,000 point sign on bonus, you’ll receive:
- a generous existing card member bonus of 50,000 points, when you reach a threshold of $100,000 of spend each year.
- two entries into the AMEX Lounge at Sydney Airport, with a new lounge at Melbourne Airport opening later this year. Kick back and relax with premium food and beverage offerings before your next international flight.
- low interest rate for purchases (16.99%) and up to 55 days interest free.
- complimentary supplementary cards for employees, helping you to track business expenses and earn more points.
- data feeds to MYOB accounting software.
Where could you go with 100,000 American Express Membership Reward points?
AMEX Membership Rewards is my go to scheme of choice – it’s incredibly flexible, and as long as your account is in good standing, your points never expire. 100,000 Gateway Membership Rewards points transfer at a rate of 4:3 to a number of leading airline partners (netting you 75,000 frequent flyer points), which is enough to get you travelling stylishly in business or first class. A few ideas for trips you could access simply by using your sign on bonus are listed below:
|Airline||Route||Cabin||Frequent Flyer points|
|Emirates||Mel / Syd / Bris to Auckland (return||Business||72,000|
|Qantas (booked via Cathay Pacific)||Mel / Syd to Los Angeles (one way)||Business||70,000|
|Qantas (booked via Cathay Pacific)||Mel / Syd to Los Angeles (one way)||Premium Economy||72,000|
|Singapore Airlines||Mel / Syd / Bris / Adl to London (one way)||Economy||53,000|
And while you can’t transfer to Qantas, don’t despair! You can instead transfer your points to One World airline Asia Miles, as this allows you to book award flights on Qantas cheaper than via Qantas itself. I’ve previously written more about using Asia Miles to book cheap Qantas award flights here. You could also choose to transfer your points to Starwood Preferred Guest at a rate of 1 to 0.5 points – see my post about booking an amazing $15,000 trip with American Express Membership Rewards points here.
Pick up 2 points per $1 spent on almost everything – with no points cap, ever!
The American Express Business Explorer credit card offers one of the highest points earn rates on day to day spend. With no points cap it’s easy to boost your points balance quickly. You’ll pick up 2 points per $1 spent on all purchases except government bodies in Australia (including the ATO) where you will earn 0.5 points per $1 spent. The rate for Government spend is actually quite decent, when you consider that many other cards don’t pay out points on this category at all.
Eligibility for the American Express Business Explorer
You need to be aged over 18 and to be an Australian citizen or permanent resident and your reportable personal gross (pre-tax) annual income just needs to be $24,000 or more.
The card comes with a $395 annual fee – the same you’ll pay for the Explorer consumer card. Your annual Card Membership fees may be tax deductible when your Card is used solely for business purposes (check this with your accountant).