American Express Credit Cards

American Express credit cards are known for one thing over all else -- great rewards programmes for their cardholders, just like you! If you use American Express credit cards, you can count on anything from higher-than-usual frequent flyer point potential to rewards targeted to your favourite shopping destinations. You can compare American Express credit cards below or learn more about the benefits and drawbacks of American Express credit cards underneath our card comparison chart.

		PURCHASE RATE (p.a.)	CASH ADVANCES	BALANCE TRANSFERS		INTEREST FREE DAYS (UP TO)	ANNUAL FEE	SECURE ONLINE APPLICATION
				Rate	Duration
	American Express Gold Ascent Card No annual fee for life and the famous American Express rewards program rolled into one. A full rewards card without the annual fee.	20.49%	20.49%	N/A	N/A	44	$0	ApplyMore Info
	American Express Platinum MoneyBack Earn 5% of your Moneyback for the first 3 months then earn 1% thereafter	20.49%	20.49%	0%	0 mths	44	$99	ApplyMore Info
	David Jones American Express Card	19.99%	19.99%	0%	0 mths	56	$99	ApplyMore Info
	Qantas American Express Premium 1.25 Qantas FF points per $1 spent, 20.49% p.a. on purchases. Earn up to 7,500 bonus points.	20.49%	20.49%	N/A	N/A	55	$249	ApplyMore Info
	Qantas American Express Ultimate Earn 1.5 points for every dollar spent every day using your Credit Card	20.49%	20.49%	0%	0 mths	55	$255	ApplyMore Info

Are American Express Credit Cards Right for You?

If you've ever looked into getting an American Express credit card, you probably already know the big benefits and main drawback. But for those who are new to American Express credit cards, let's take a look at them.

Benefits of American Express Credit Cards

American Express credit cards like the American Express Platinum MoneyBack card are often thought of as "premium" credit cards. That's because they're known for better customer service than some other credit card companies, but more importantly they're well-known for their outstanding rewards programmes.

The American Express credit card mentioned above for example lets you earn "MoneyBack" (cash back) on purchases. And the Qantas American Express Ultimate lets you earn more frequent flyer points per dollar spent than any Visa or MasterCard you're likely to find. Basically American Express credit cards are known for giving you more for being a loyal customer.

The Challenge of Using American Express Credit Cards

If the rewards programmes tied to American Express credit cards are so great, why isn't everyone using them? There are a few reasons. For example, their purchase interest rates can be significantly higher than those of other credit cards -- not ideal if you plan to finance purchases over time. They can also have rather high annual fees. However, if you really put some time into comparing American Express credit cards, you can actually find no annual fee offers as well.

While those could be considered downsides, they probably don't outweigh the benefits for most American Express credit card users. After all, you can choose a card with an annual fee that's really reasonable in comparison to the rewards you can earn, and you can take advantage of interest free days to avoid paying high interest rates.

The bigger challenge of American Express credit cards is that they're not accepted in as many places as other types of credit cards. So while you might be able to earn more rewards points per dollar spent, you might not be able to earn any rewards points at all if the card isn't accepted where you happen to shop.

Overall, American Express credit cards provide lucrative rewards programmes, and are worth a look when you're ready to compare credit cards here at CreditCard.com.au.