- $200 Travel Credit every year
- Earn up to 3 points per $1 spent
- No points capping
- Complimentary travel insurance when paying for travel on your card
Amex Membership Rewards
Allowing cardholders to earn more points on spending at supermarkets and petrol stations, the American Express Platinum Edge Credit Card is an awesome everyday earner. Cardholders have a huge range of redemption options through the Membership Rewards Ascent program, and receive a $200 Travel Credit to use each year on flights, accommodation and car hire booked online through American Express Travel. Other handy features include complimentary insurance.
An enticing option for anyone looking to earn more on their everyday spending, the American Express Platinum Edge Credit Card boosts points-earning power on purchases made at supermarkets and petrol stations, while still offering an appealing base earn rate for spending everywhere else.
Earning points on one of Australia’s most flexible rewards programs – the Membership Rewards Ascent program – this card could be the perfect option for cardholders looking to transfer points to a range of 8 airline partners, including Singapore Airlines KrisFlyer, and Cathay Pacific Asia Miles.
While other cards may tempt you with introductory offers, this card is one that provides benefit over the long term. With $200 Travel Credit to use each year, as well as its everyday value in rewards, the American Express Platinum Edge Credit Card is a card that you’ll be happy to keep in your wallet year after year.
With the basics covered, it’s time to dig a little deeper into what’s on offer with the American Express Platinum Edge Credit Card, so you can decide whether this card is right for you.
While it may not count Qantas Frequent Flyer within its many airline partner programs, the American Express Platinum Edge Credit Card does allow cardholders to earn points on the American Express Membership Rewards program, which happens to be one of the most versatile and flexible points programs in Australia.
In terms of everyday earning, this is one of the best points-earning cards out there for regular credit card users. Not only does it provide the potential to earn triple points on that ever-so essential supermarket shopping, it also has no points cap or points shaping. That means you will continue to earn the same rate, no matter how much you spend on your card.
Major supermarkets include Bi-Lo, Coles, Harris Farm Markets, IGA and Woolworths. Major petrol stations include Ampol, BP, Caltex Woolworths, Metro, Shell, Woolworths Petrol and 7 Eleven.
One other thing that’s worth mentioning here is the fact that this card allows up to four additional cardholders for no extra fee. Bearing in mind that there is no points cap in place, you could have five cardholders spending on one account, all racking up points on their everyday spending.
Point Redemption Options
When it comes time to redeem those points, you have plenty of options to choose from. You could choose to redeem your points for gift cards, or credit your account to cover certain transactions. You could turn your points into an experience by booking with Ticketmaster, or connect to a world of special benefits with Amex Connect.
Alternatively, you could use your points for travel. Earning points on the Ascent program allows cardholders to redeem points for flights with any of American Express’s 8 leading airline partner programs, mostly at a ratio of 2:1.
These partners include Emirates Skywards, Etihad Guest, Virgin Atlantic Flying Club, Singapore Airlines KrisFlyer, Air New Zealand Airpoints, THAI Royal Orchid Plus, Malaysia Airlines Enrich and Cathay Pacific Asia Miles.
Cardholders can also opt to use their points when booking travel with American Express Travel Online, with no restrictions, no block out dates and no booking fees (t’s & c’s apply). Booking with Webjet or Helloworld Travel provides alternative ways to use points to book travel, or cardholders may choose to redeem their points with the card’s hotel partners, which includes Hilton Honors.
Whether travelling on business or for pleasure, cardholders can take advantage of several travel-related benefits with the American Express Platinum Edge Credit Card in their wallet.
While American Express used to offer cardholders a free flight each year with the Platinum Edge, now cardholders have the opportunity to choose their travel with $200 Travel Credit. Provided each year after you pay your annual fee, this $200 Travel Credit can be used towards flights, hotels, experiences or car hire booked online at American Express Travel.
To be eligible for the Travel Credit, cardholders must have paid their annual fee and minimum payment. Each Travel Credit is only valid for one year and cannot be carried forward. It can only be used in a single eligible travel booking, and is not refundable if travel is cancelled. Bookings less than $200 will forfeit the remainder of the Travel Credit, so it’s best to save it for larger bookings.
A standard feature on most platinum cards these days, the American Express Platinum Edge Credit Card offers cardholders a range of travel-related insurance covers. To be eligible for cover, you must use your card to pay for your trip in full. Providing cover for you, your spouse and children under 22 travelling with you, these covers include:
Quite often, American Express cards are sold on their extras. Offering cardholders a nice selection of useful extras, the American Express Platinum Edge Credit Card goes big on service, support and functional features.
Allowing cardholders to save money when using their card at a variety of retailers, Amex Offers provides immediate statement credits when they hit a certain target amount with specific retailers. With offers saved to your card account online, it’s a good idea to keep an eye on these in order to take advantage of offers at your favourite retailers.
American Express Invites
Working in a similar fashion to Visa Front Line Access, American Express Invites provides cardholders access to a wide range of top events, including music, theatre and film, often before tickets go on sale to the general public.
Service and Support
Well-known for its excellent customer service, American Express supports cardholders by offering cover on their retail purchases, backed by 24/7 Global Card Support.
Interest Free Period
With its relatively high purchase rate, it’s safe to say the American Express Platinum Edge Credit Card is not a low rate credit card. But, it does provide ways in which cardholders can save on interest. Getting to know how the card’s interest free period works could allow you up to 55 days interest free on purchases, helping you to save on interest month-to-month.
However, it is worth noting that the number of interest free days you benefit from will depend on the date of the purchase, and how far through the statement period it is made. To be eligible, you must also pay the closing balance each month by the due date. There is no interest free period on balance transfers or balances carried forward.
Time to look at what’s required of you if you want to apply for the American Express Platinum Edge Credit Card. In terms of eligibility, you must be at least 18 years old, with an annual income of $50,000 or more, and no history of bad debt or payment default. You must also be an Australian citizen or permanent resident, or hold a current Business Long Stay Visa (subclass 457).
As we mentioned, this card has a relatively high purchase rate, so if you want the card – and all its features and rewards – to offer value, it’s best to clear the balance by the due date each month. While the annual fee is substantial, you do receive $200 Travel Credit each year, which more than covers the $195 annual fee. As long as you want to spend that $200 on travel, you’re then benefitting from the rest of the card’s features and rewards ‘for free’.
Providing cardholders with an outstanding earn rate on their everyday spending at supermarkets and petrol stations, the American Express Platinum Edge Credit Card is an excellent choice for long term rewards earning. With $200 Travel Credit on offer each year, this helps to balance out the card’s annual fee, creating additional value on the rest of the features and extras on offer.
Purchase rate 20.74% p.a.
Cash advance rate N/A
Interest free period on purchases up to 55 days
Minimum credit limt $3,000
Maximum credit limit $50,000
Annual fee $195 p.a.
Additional card holder fee Up to 4 at no extra cost
Foreign transaction fee 3%
Minimum repayment 2.5% or $30. Full closing balance for the Amex Platinum Charge Card
Cash advance fee N/A
Late payment fee $30
Rewards Program Amex Membership Rewards
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
Amex Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate 2 points per $1 spent
International Travel Insurance Yes
Flight Inconvenience Insurance Yes
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
$200 Travel Credit every year
Eligible with Apple Pay, Samsung Pay and Google Pay
If you are looking for a seriously good rewards credit card, it would be difficult to go past the American Express Platinum Edge card. Receive a $200 Travel Credit every year.
This card allows you to earn 3 points per dollar spent at major supermarkets and petrol stations. Use the card to earn points on everyday purchases, such as food, petrol, and utilities, as well as on travel. It’s easy to redeem points with the card’s 8 airline partners, on flights or on over 1500 other travel, lifestyle and entertainment rewards. Platinum perks include access to a 24-hour Global Card Support, where you can check on your account, report your card lost or stolen, or redeem points. Card members can also enjoy a wide range of complimentary insurances, an online fraud protection guarantee, and supplementary cards to allow you and your family to earn points even faster.
Card Members can register their Frequent Flyer or Frequent Guest account numbers with American Express and transfer to the following 8 airlines: Emirates Skywards, Etihad Guest, Virgin Atlantic Flying Club, Singapore Airlines KrisFlyer, Air New Zealand Airpoints™, THAI Royal Orchid Plus, Malaysia Airlines Enrich and Cathay Pacific Asia Miles™.
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 $50,000 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.
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