When it comes to points and perks, the American Express Platinum Edge Credit Card stands out from the pack.
This popular card offers generous $200 travel credit each membership year and the ability to earn piles of points on everyday spend – all for a low $195 annual fee.
Plus, for a limited time, new Card Members receive 50,000 bonus Membership Rewards points. The points are yours when you apply online by 27 January 2021, are approved and spend $1,500 on your new Card within the first 3 months. T&Cs apply.
Or, read on to discover why the American Express Platinum Edge deserves a spot in your wallet for the long term.
Enjoy $200 AMEX Travel credit each year
Each year, the AMEX Platinum Edge Credit Card unlocks a $200 credit to redeem against a travel booking of $200 or more (where applicable) when booking online through AMEX travel.
The AMEX Travel credit can be used for flights, hotel or rental car bookings. You can use it for yourself or someone else – it’s your choice as to how you choose to spend it.
By using your $200 AMEX travel credit, you’ll be able to obtain full value from the $195 annual card fee each year you hold the card. You can use the $200 credit each year after you pay your Platinum Edge annual fee.
Earn up to 3 Membership Rewards points per $1 spent
Most of us outlay a significant amount of money each month on groceries and petrol, but very few credit cards offer generous rewards for day to day spend. This is where the AMEX Platinum Edge Credit Card really shines.
With up to 3 Membership Rewards points on offer for each $1 spent, this AMEX credit card offers one of the highest earn rates of any credit card in Australia on selected everyday spend categories – making it a keeper for the long term.
Card Members earn points on each and every dollar spent on the AMEX Platinum Edge, with bonus point spend rates as follows:
Earn 3 Membership Rewards points per $1 at major supermarkets and petrol stations
Major supermarkets include Coles, Coles Online, Woolworths, Woolworths Online, BiLo Safeway, Harris Farm Market and many others.
Participating major petrol stations include BP, Shell, Coles Express, Woolworths Petrol, Caltex and others.
Earn 2 Membership Rewards points per $1 on overseas spend
Earn 1 Membership Rewards point per $1 on all other purchases
This includes utilities, insurance, telecommunications and spend at government bodies in Australia.
Plus, there’s no spending cap, ever, so there is no limit to how many points you can earn.
Earn Points in the Amex Membership Rewards program
The American Express Platinum Edge earns points in the American Express Membership Rewards Ascent program, which is one of the most valuable points programs available to Australian consumers and my personal go-to loyalty scheme of choice. The main reason? Flexibility!
Rather than being locked into one frequent flyer scheme, this versatile program allows you to earn points now and decide what to do with them at a later date. And unlike most loyalty schemes, as long as your account is in good standing, your Membership Rewards points will never expire.
AMEX Membership Rewards Ascent points transfer to a number of leading airline partners. These include:
- Virgin Australia Velocity Frequent Flyer
- Singapore Airlines KrisFlyer
- Cathay Pacific: Asia Miles
- Malaysia Airlines Enrich
- Virgin Atlantic Flying Club
- Etihad Airways Guest
- Thai Airways: Royal Orchid Plus
- Emirates Skywards
- Air New Zealand Airpoints
Prefer to spend your points on the ground? You can also redeem points online for Gift Cards at leading retailers like David Jones, or use your points for credits towards expenses on your account.
Save money with complimentary insurances
The AMEX Platinum Edge Credit Card unlocks a range of complimentary insurances. These could come in handy when you're shopping at home, holidaying domestically or when overseas travel opens up in the future.
The complimentary insurances that you can access through the Card include:
- Overseas Medical Emergency Expenses Cover
- Travel Cancellation Cover
- Baggage, Money and Documentation Cover
- Personal Liability Cover, and
- Travel Inconvenience Cover.
Before taking up any of these insurance products, you should refer to the PDS for further information to ensure they meet your needs.
Get a complimentary one year Calm App premium membership (worth $79.99 per year)
For a limited time, American Express Card Members can receive a complimentary one year premium membership to Calm, the award winning sleep, meditation and relaxation app.
Calm premium membership normally costs $79.99 per year, so this is a great chance to try out a leading sleep app for free. After the first year is over, cardholders can get a second year at 50% off with an automatic renewal. This offer ends 31 December 2020.
Unlock American Express Plan It Instalments
American Express has launched a new Buy Now Pay later service which stands out from the pack. Plan It™ Instalments unlocks 0% interest and a repayment timeline of up to 12 months for a low monthly fee. The Amex Platinum Edge Credit Card is eligible to be used with Plan It. A minimum $150 plan amount applies.
Enjoy money-saving, entertainment and lifestyle benefits
Above and beyond the rich rewards we’ve outlined above, the AMEX Platinum Edge Credit Card also unlocks a range of other useful benefits that can help to offset the cost of membership. These include:
- The ability to arrange free additional cards for family members (handy for taking advantage of AMEX offers like Shop Small)
- Amex Offers: Access ”Spend and Save” promotions that reward you with a statement credit when you register for offers on your card and hit a minimum spend threshold (e.g. spend $200, get $40 back at David Jones, or spend $500 and get $80 back at Qantas)
- Amex Experiences: Sought-after events like music, theatre and film, including via pre-sale tickets, and enjoy exclusive lounges at selected events.
Plus, American Express cards support Apple Pay & Android Pay. This means that you can use the AMEX Platinum Edge on your smartphone for easier payments.
American Express Platinum Edge annual fee and eligibility
The AMEX Platinum Edge Credit Card comes with a low annual fee of $195. This annual fee can be fully offset, simply by using the $200 Travel Credit awarded each membership year.
Plus, with $150 back for new Card Members (min. spend, T&Cs apply), the first year annual fee is effectively reduced to just $45.
To apply for this card, you’ll need to be able to report an annual income of $50,000 or more, and have no history of bad debt or payment default.
You must 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.
AMEX Platinum Edge Credit Card fees and charges
Depending on how you use your card, the following fees and charges may be levied on your Platinum Edge. These include:
- Interest rate: This card has an ongoing purchase rate of 20.74% p.a.
- Currency conversion fee. A 3% fee applies for every transaction made overseas or on foreign currency online.
The American Express Platinum Edge offers up to 55 days interest-free on purchases, so you will not be charged interest if you pay your balance off in full by the due date on each statement.
Don’t miss 50,000 bonus points with the Amex Platinum Edge
Along with a $200 Travel Credit, the Amex Platinum Edge Card provides an attractive opportunity to boost your points haul on everyday spend at major supermarkets and petrol stations.
Ready to apply?
Don't miss an opportunity to receive 50,000 bonus Membership Rewards points with this highly rewarding card.
The points are yours when you apply online by 27 January 2021, are approved and spend $1,500 on your new Card within the first 3 months. T&Cs apply. New Card Members only.
The secure, mobile-friendly application form takes less than 10 minutes to complete and AMEX may be able to give you a response in less than 60 seconds.