- $0 annual fee
- 0% p.a. on balance transfers for the first 12 months — A one-off credit plan establishment fee of 1% applies
- Enjoy a low interest rate of 8.99% p.a. on purchases
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American Express Low Rate Credit Card
American Express Low Rate Credit Card
Purchase rate
8.99% p.a.Balance transfer
0% 12 monthsreverts to 8.99% p.a. 1% BT feeAnnual fee
$0 p.a.Pros
$0 annual fee
0% p.a. on balance transfers for the first 12 months — A one-off credit plan establishment fee of 1% applies
Enjoy a low interest rate of 8.99% p.a. on purchases
Cons
The maximum balance transfer that you can be approved for is $10,000 or 70% of your approved credit limit, whichever is less.
American Express Low Rate Credit Card
The American Express Low Rate Credit Card is low cost card that comes with $0 annual fee and a purchase rate of 8.99% p.a. Get up to 55 days interest free on purchases when you don’t carry a balance on your credit card. Have family members you would like to add to this card? Get up to 4 additional cards at no extra cost and keep track of account activity with breakdown of transactions on your statement. Extra benefits include 24/7 global card support, emergency card replacement and purchase & refund protection. The American Express Low Rate Credit Card is eligible for use with Apple Pay, Samsung Pay and Google Pay.
Key features
- No annual fee
- 0% p.a. on balance transfers for the first 12 months. A one-off fee of 1% applies to any balances transferred.
- Low interest rate of 8.99% p.a. on purchases
- Up to 4 additional cards at no extra cost
- Up to 55 days interest free on purchases
100% of customers who have rated this card would recommend it
| Interest Rates | |
| Purchase rate | 8.99% p.a. |
| Cash advance rate | N/A |
| Interest free on purchases | up to 55 days |
| Balance Transfer | |
| Balance transfer rate | 0% p.a. for 12 months |
| Balance transfer fee | 1% one off |
| Balance Transfer revert rate | 8.99% p.a. |
| Balance transfer limit | 70% of your approved new credit limit |
| Balance transfer from personal loan | N/A |
| Banks you can't balance transfer from | American Express |
| Credit limits | |
| Minimum credit limit | $1,000 |
| Maximum credit limit | N/A |
| Fees & repayments | |
| Annual fee | $0 p.a. |
| Additional cardholder fee | Up to 4 at no extra cost |
| Cash advance fee | N/A |
| Foreign transaction fee | 3% |
| Minimum repayment | 2.5% |
| Late payment fee | $30 |
| Credit card type | American Express |
| Complimentary insurance | |
| Flight inconvenience insurance | No |
| Transport accident cover | No |
| Smartphone screen insurance | No |
| Purchase protection insurance | Yes |
| Extended warranty insurance | No |
| Rental vehicle excess cover | No |
| Extras | |
| Eligible with Apple Pay, Samsung Pay and Google Pay | |
| 24/7 global card support | |
| Emergency card replacement |
The American Express Low Rate Credit Card
With a low rate of interest and no annual fee, the American Express Low Rate Credit Card is designed to help cardholders save money, while still enjoying access to credit. Cardholders can benefit from up to 55 days interest free on purchases, 0% p.a. on balance transfers for 12 months, and retail protection in the form of purchase protection, refund protection and fraud guarantee.
What we love...
Designated a low rate card, the American Express Low Rate Credit Card offers an ongoing low rate on purchases, helping cardholders who may carry a balance to save on interest. An extremely competitive option, rates this low are typically only seen on credit cards offered by smaller banks and member-owned financial providers, such as credit unions.
Obviously, the best way to save money on interest is to clear your balance each month by the due date. But, if that’s not possible, a low rate card may be a better option than a rewards card or feature-packed card that charges a much higher rate of interest. Plus, if you do clear your balance month-to-month on this card, you can enjoy up to 55 days interest free on purchases.
When it comes to credit cards, you often find low rate options charge higher annual fees. Why? Even if features are lacking, low rate cards generally charge more in annual fees, as the provider is likely to get less back in interest. Not so, the American Express Low Rate Credit Card. With this low rate card, you pay no annual fee for the life of the card.
Another handy feature on this card is its balance transfer offer. If you have an existing credit card balance, you could transfer it to the American Express Low Rate Credit Card to benefit from 0% p.a. on balance transfers for the first 12 months, with a one-off credit plan establishment fee of 1%. Any balance left unpaid after the intro period ends reverts to the card’s purchase rate.
What’s not so great...
The American Express Low Rate Credit Card is a basic low rate card with no annual fee. While it offers a few nice extras, it generally keeps things simple. This works well for those who want simple, but for those who don’t – for those who want to earn rewards and bask in fancy features – this may not be the card for them.
Why should you choose this card?
If you want to save on interest while paying zip in annual fees, the American Express Low Rate Credit Card may just be the card for you. Designed to be a money-saver, it could help you save on interest should you happen to carry a balance, while you take advantage of the various features the card has to offer.
While these features might not blow your socks off, remember, you are not paying an annual fee, and the card’s purchase rate is super low. So, what are those features exactly? First up, you can add up to four additional cardholders at no extra cost, and you can benefit from Amex service with emergency card replacement worldwide, backed by 24/7 Global Card Support.
The American Express Low Rate Credit Card is compatible with Apple Pay, Samsung Pay and Google Pay, and also offers a range of cover on purchases. With purchase protection, your purchases are protected for up to 90 days if they break or are stolen. You can also enjoy refund protection and an online fraud protection guarantee.
To be eligible for the American Express Low Rate Credit Card, you must be an Australian citizen, a permanent resident, or a current Business Long Stay Visa holder, and you must be aged 18 or over. You must have no history of bad debt or payment default, and you must have an annual income of $50,000 or more.
Overall Rating
Offering cardholders the opportunity to save on interest and annual fees, the American Express Low Rate Credit Card has a super low purchase rate, no annual fee, retail cover and 0% p.a. on balance transfers for 12 months.
2 questions (showing the latest 10 Q&As)
- Be over 18 years old
- Good credit and not applied for multiple credit cards recently
- Australian citizen or permanent resident or hold a current Business Long Stay Visa (subclass 457)
- Minimum income of $50000 p.a.
- You have your personal details ready to complete the online application
Pros and cons
- The maximum balance transfer that you can be approved for is $10,000 or 70% of your approved credit limit, whichever is less.
Creditcard.com.au review
Editor Review
The American Express Low Rate Credit Card
With a low rate of interest and no annual fee, the American Express Low Rate Credit Card is designed to help cardholders save money, while still enjoying access to credit. Cardholders can benefit from up to 55 days interest free on purchases, 0% p.a. on balance transfers for 12 months, and retail protection in the form of purchase protection, refund protection and fraud guarantee.
What we love...
Designated a low rate card, the American Express Low Rate Credit Card offers an ongoing low rate on purchases, helping cardholders who may carry a balance to save on interest. An extremely competitive option, rates this low are typically only seen on credit cards offered by smaller banks and member-owned financial providers, such as credit unions.
Obviously, the best way to save money on interest is to clear your balance each month by the due date. But, if that’s not possible, a low rate card may be a better option than a rewards card or feature-packed card that charges a much higher rate of interest. Plus, if you do clear your balance month-to-month on this card, you can enjoy up to 55 days interest free on purchases.
When it comes to credit cards, you often find low rate options charge higher annual fees. Why? Even if features are lacking, low rate cards generally charge more in annual fees, as the provider is likely to get less back in interest. Not so, the American Express Low Rate Credit Card. With this low rate card, you pay no annual fee for the life of the card.
Another handy feature on this card is its balance transfer offer. If you have an existing credit card balance, you could transfer it to the American Express Low Rate Credit Card to benefit from 0% p.a. on balance transfers for the first 12 months, with a one-off credit plan establishment fee of 1%. Any balance left unpaid after the intro period ends reverts to the card’s purchase rate.
What’s not so great...
The American Express Low Rate Credit Card is a basic low rate card with no annual fee. While it offers a few nice extras, it generally keeps things simple. This works well for those who want simple, but for those who don’t – for those who want to earn rewards and bask in fancy features – this may not be the card for them.
Why should you choose this card?
If you want to save on interest while paying zip in annual fees, the American Express Low Rate Credit Card may just be the card for you. Designed to be a money-saver, it could help you save on interest should you happen to carry a balance, while you take advantage of the various features the card has to offer.
While these features might not blow your socks off, remember, you are not paying an annual fee, and the card’s purchase rate is super low. So, what are those features exactly? First up, you can add up to four additional cardholders at no extra cost, and you can benefit from Amex service with emergency card replacement worldwide, backed by 24/7 Global Card Support.
The American Express Low Rate Credit Card is compatible with Apple Pay, Samsung Pay and Google Pay, and also offers a range of cover on purchases. With purchase protection, your purchases are protected for up to 90 days if they break or are stolen. You can also enjoy refund protection and an online fraud protection guarantee.
To be eligible for the American Express Low Rate Credit Card, you must be an Australian citizen, a permanent resident, or a current Business Long Stay Visa holder, and you must be aged 18 or over. You must have no history of bad debt or payment default, and you must have an annual income of $50,000 or more.
Overall Rating
Offering cardholders the opportunity to save on interest and annual fees, the American Express Low Rate Credit Card has a super low purchase rate, no annual fee, retail cover and 0% p.a. on balance transfers for 12 months.
User reviews
Rates and fees
Interest rates
Purchase rate 8.99% p.a.
Cash advance rate N/A
Interest free on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 12 months
Balance transfer revert rate 8.99% p.a.
Balance transfer from personal loan N/A
Balance transfer fee 1% one off
Balance transfer limit 70% of approved credit limit
Banks you can't balance transfer from American Express
Credit limits
Minimum credit limt $1,000
Maximum credit limit N/A
Fees & repayments
Annual fee $0 p.a.
Additional card holder fee Up to 4 at no extra cost
Foreign transaction fee 3%
Minimum repayment 2.5%
Cash advance fee N/A
Late payment fee $30
Additional features
Complimentary insurance
Overseas travel insurance No
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Eligible with Apple Pay, Samsung Pay and Google Pay
24/7 global card support
Emergency card replacement
Overview
American Express Low Rate Credit Card
The American Express Low Rate Credit Card is low cost card that comes with $0 annual fee and a purchase rate of 8.99% p.a. Get up to 55 days interest free on purchases when you don’t carry a balance on your credit card. Have family members you would like to add to this card? Get up to 4 additional cards at no extra cost and keep track of account activity with breakdown of transactions on your statement. Extra benefits include 24/7 global card support, emergency card replacement and purchase & refund protection. The American Express Low Rate Credit Card is eligible for use with Apple Pay, Samsung Pay and Google Pay.
Key features
- No annual fee
- 0% p.a. on balance transfers for the first 12 months. A one-off fee of 1% applies to any balances transferred.
- Low interest rate of 8.99% p.a. on purchases
- Up to 4 additional cards at no extra cost
- Up to 55 days interest free on purchases
Minimum criteria to apply for this card
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
Australian citizen or permanent resident or hold a current Business Long Stay Visa (subclass 457)
Minimum income of $50000 p.a.
You have your personal details ready to complete the online application
Roland B Bleyer founded creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
Recently Asked Questions
Something you need to know about this card? Ask a our credit card expert a question.
Ask a question2 questions (showing the latest 10 Q&As)
Is the salary requirement, before or after tax?
Hi Chris, this is before tax.
Who underwrites this card? Citibank, major bank,? Thankyou
Hi Michael, this is an American Express direct card. Cards are offered, issued and administered by American Express Australia Limited
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