fbpx

American Express Cashback Credit Card: Get 5% Bonus Cashback and a $150 Credit

Eligibility criteria, minimum spend, terms and conditions apply

american express cashback credit card

American Express Cashback Credit Card: Get 5% Bonus Cashback and a $150 Credit

american express cashback credit card

Eligibility criteria, minimum spend, terms and conditions apply

Up to 1% cashback, uncapped

Earn up to 1% cashback with no limit on the amount of cashback you can earn with your Card

Bonus 5% cashback for your first 3 months up to $200.

When you apply online and are approved. New American Express Card Members only

Lifestyle and money-saving benefits

Get a BINGE Basic subscription, Smartphone Screen Cover and more

American Express has launched a brand new Cashback Credit Card, offering 1% cashback and a range of perks.

Plus, new Card Members will receive a $150 credit* on your Card when you spend $200 or more at Amazon.com.au on your new Card within the first 3 months plus get 5% Bonus Cashback within the first 3 months up to $200 Cashback when you apply online by Wednesday, 27 July 2022 and are approved. T&Cs apply.

American Express Cashback Credit Card: The Lowdown

The American Express Cashback Credit Card is designed for those who want to be rewarded with a point of difference.

Card Members receive up to 1% cashback on eligible purchases, whilst enjoying a suite of benefits that fully offset the cost of keeping the Card.

On top of that, there’s 5% Bonus Cashback in the first 3 months, up to $150 credit if you spend $200 or more at Amazon.com.au on your new Card within the first 3 months, when you apply online and are approved. New American Express Card Members only.

Beyond cashback, Amex’s new credit card is packed with perks, including a BINGE Basic subscription, Smartphone Screen Cover, and lots more.

The bonus 5% cashback for three months (up to a cap of $200) is available to New American Express Card Members only. This means you must not have held a Card issued directly by American Express Australia in the last 18 months.

Head to the American Express website to apply here (secure, mobile-friendly application form). Or, read on to learn more.

american express cashback credit card montage

How does a cashback credit card work?

Credit cards that reward members with a cash rebate are growing in popularity, and the American Express Cashback Credit Card is the newest product to hit the Australian market.

With Amex’s new Cashback Credit Card, every dollar you spend on eligible goods and services gets you a percentage back in the form of a credit to your Card Account.

This is different to a frequent flyer credit card, which typically rewards consumers with points or miles.

How much cashback can I earn?

With the American Express Cashback Credit Card, it’s possible to earn cashback on everything from groceries and regular bills to petrol and public transport.

The cashback rebates are as follows:

  • 1% standard cashback on purchases
  • 0.5% cashback on Government spend
  • 5% bonus cashback on spend for new Card Members for the first 3 months (capped at $200 cashback)

It’s worth pointing out that there’s no cap on the amount of cashback you can earn, provided your Card Account is current and in good standing.

To demonstrate how much cashback could be earned at different monthly spending thresholds, we’ve provided a table below:

Monthly eligible spendStandard cashback rate (non Govt)Additional 5% for New Card Members^
1%5%
$500.00$5.00$25.00
$1,000.00$10.00$50.00
$3,000.00$30.00$150.00
$5,000.00$50.00$200.00

^ available to New American Express Card Members only. Up to $200 Cashback. T&Cs apply.

Save money and get rewarded with other benefits

Above and beyond cashback, the American Express Cashback Credit Card offers a range of other benefits and perks, designed to reward cardholders each and every month. These include:

BINGE Basic Membership: Enjoy a monthly BINGE basic subscription valued at $10 per month. BINGE is packed with the world's best shows, the biggest dramas, plus comedy, reality, crime, docos, movies, and more.

Smartphone Screen Cover: Get peace of mind with cover for smartphone screen repairs up to $500 for each repair. To access this insurance, you must purchase your phone outright or pay your monthly phone bills with your American Express Cashback Credit Card. Terms apply.

American Express Experiences: Get access to once-in-a-lifetime experiences with access to pre-sale tickets.

Amex Offers: Eligible Card Members can receive a statement credit when saving exciting offers from brands like David Jones, Country Road, Ampol, Lululemon, La Mer, Kogan, Luxury Escapes and Liquorland, and meeting a minimum spend threshold.

american express cashback credit card on coins

Unlock American Express Plan It Instalments

As an American Express Card Member, get access to a Buy Now Pay later service which stands out from the pack. Plan It™ Instalments unlock 0% interest and a repayment timeline of up to 12 months for a low monthly fee. The American Express Cashback Credit Card is eligible to be used with Plan It. A minimum $150 plan amount applies.

American Express Cashback Credit Card fee

A low fee of $10 is payable to hold the American Express Cash Back Credit Card each month.

Since the BINGE Basic subscription alone is valued at $10 monthly, this essentially offsets the fee to hold the card each and every month.

Of course, it’s possible to unlock even more value with the ongoing 1% cashback rebate on eligible expenses, and access to many other perks.

American Express Cashback Credit Card eligibility

To apply for the American Express Cashback Credit Card, you’ll need to be able to report an annual income of $40,000 or more and have no history of bad debt or payment default.

You must also be an Australian citizen or permanent resident or hold a long-term visa. Long term means 12 months or more and does not include a student visa.

The bonus 5% cashback for three months (up to a cap of $200) is available to New American Express Card Members only. This means you must not have held a Card issued directly by American Express Australia in the last 18 months.

Previous and existing bank-issued American Express Card Members (Cards issued by Australia New Zealand Banking Group Limited, Commonwealth Bank of Australia, National Australia Bank, and Westpac Banking Corporation) are eligible, along with additional cardholders on someone else's account.

The Champagne Mile may earn a commission when you apply for this Card via a link in this post. Thanks for your support. 

American Express Cashback Credit Card: Get 5% Bonus Cashback and a $150 Credit

american express cashback credit card

American Express Cashback Credit Card: Get 5% Bonus Cashback and a $150 Credit

Eligibility criteria, minimum spend, terms and conditions apply

Leave a Reply

Your email address will not be published. Required fields are marked *