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American Express Cashback Credit Card
American Express Cashback Credit Card

American Express Credit Cards

American Express Cashback Credit Card

Updated 25 July 2021

Enjoy up to 6% Cashback when you earn 5% bonus cashback in the first 3 months for new members and 1% cashback per $1 spent on all eligible purchases. Receive an additional 1.5% cashback when you spend in-store or online at participating Shop Small businesses. Plus, a free BINGE Basic subscription and 12 months complimentary access to the Centr fitness app.

Points Earn Rate (per $1 spent)

Rewards Program

Bonus Points

N/A

Pros and cons

  • Up to 6% Cashback
  • 1.5% bonus cashback when you save Shop Small Offer
  • BINGE Basic subscription on us valued at $10 per month
  • 12 months complimentary access to the Centre fitness app – valued at $119.99 for a standard 12 month membership
  • Complimentary Smartphone Screen Insurance
  • Refund Protection, Purchase Protection and Fraud Protection Guarantee
  • Pay different with Plan It Instalments
  • Access to American Express Experiences benefits
  • Add up to 4 Additional Card Members at no extra cost and earn more Cashback on their spend

  • $10 Monthly Fee
  • 20.74% p.a interest rate on purchases

Creditcard.com.au review

Editor Review

American Express Cashback Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The American Express Cashback Credit Card Review

Want to earn cashback on your credit card spending? Now you can, with the newly launched American Express Cashback Credit Card. Simplifying the process of earning rewards, the card allows you to earn up to 6% cashback on your spending, while also providing access to a heap of extras, including a BINGE Basic subscription, complimentary Smartphone Screen Insurance and 12 months complimentary access to the Centr fitness app, all for a low monthly fee of $10.

What we love…

While cashback credit cards can be readily found in overseas markets such as the United States, the options here in Australia are few and far between. Which is why the launch of the new American Express Cashback Credit Card is pretty darned exciting indeed. Let’s get into how it works and what it’s got to offer.

Earning Cashback

With the American Express Cashback Credit Card you will earn 1% cashback on all eligible spending, and 0.5% cashback on spending at government bodies, such as the ATO and Post Office. There is no limit to the amount of cashback you can earn on these two types of spending.

The cashback you earn each month will be paid to you as a statement credit to your account, allowing you to use it to pay off your purchases. It’s worth noting that cashback is not redeemable for cash, including through a credit balance refund.

Want more? Boosting your cashback earn, you can earn an additional 5% on all eligible spending in the first three months, up to a limit of $200. In this way, you can earn up to 6% on your spend during that intro period.

Anything important you need to know here? First up, eligibility. If you currently have an American Express issued card, or have held one in the past 18 months, you won’t be eligible for this offer. As for what purchases are classed as ‘eligible’, these include most transactions apart from interest, fees, balance transfers or converted balances, loading of prepaid cards, or foreign exchange transactions.

Shop Small Cashback Offer

With the Shop Small offer, you can earn an additional 1.5% cashback each time you shop at a participating Shop Small retailer before 31 March 2022. This offer allows you to earn a maximum of $200 cashback. Exclusions apply, so check the terms.

Fees

So, how much will you pay out on a card such as this? Unlike most credit cards, the American Express Cashback Credit Card charges a monthly fee rather than an annual fee. This monthly fee comes in at $10. As a nice touch, you can also add up to four additional cardholders to the account at no extra cost, to help you stack up cashback even faster on your accumulated spend.

What’s not so great…

As with almost all rewards cards, the American Express Cashback Credit Card has a relatively high purchase rate. That means, if you carry a balance, you will significantly reduce the value of the cashback you earn on your card by paying out in interest.

The good news is, you can avoid paying any interest at all by clearing your balance at the end of the month, to benefit from up to 55 days interest free offered on purchases.

Why should you choose this card?

Before we get into why you should choose this card, let’s quickly cover who can choose this card with a little look at its eligibility requirements. To apply for the American Express Cashback Credit Card, you must:

  • Be 18 years of age or older,
  • Be an Australian citizen or permanent resident,
  • Have an annual income of $40,000 or more,
  • Have no history of bad debt.

Okay, on to the fun stuff. Alongside its cashback earn, the card offers a number of very appealing extras. These include:

  • A BINGE Basic subscription (valued at $10 per month). BINGE provides new content added daily, packed with the world’s best shows, the biggest dramas, plus comedy, reality, crime, documentaries, movies and more. Note, you must pay for the subscription using your card to receive $10 back each time as a statement credit.
  • 12 months complimentary access to Centr, the health and wellbeing app from Chris Hemsworth's team of trainers (valued at $119.99 per year). Offer ends 14 February 2022.
  • Access to Smartphone Screen Insurance, covering up to $500 for each repair, when you purchase your phone outright or pay your monthly phone bills with your card (terms, conditions and exclusions apply, see Policy for full details).
  • Peace of mind with Refund Protection, Purchase Protection and Fraud Protection Guarantee.
  • Flexibility to spread the cost of items purchased on your card with Plan It Instalments.
  • American Express Experiences, benefits which include Lounge access, allowing you to relax before the show at one of AmEx’s entertainment venues in Sydney or Brisbane.
  • Access to Amex Offers, providing exclusive offers on shopping, dining, travel and entertainment.

Overall Rating

Simplifying rewards, the American Express Cashback Credit Card provides an easy way to earn something back on your credit card spending. With no complex rewards programs to worry about, the card allows you to focus on making the most of your cashback, while enjoying a host of enticing extras designed to create value. With the 5% cashback intro offer, you can boost your earn even more.

User reviews

American Express Cashback Credit Card ( based on 0 Creditcard.com.au user reviews )

0% rating based on 0 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 20.74% p.a.

Cash advance rate N/A

Interest free period on purchases up to 55 days

Credit limits

Minimum credit limit N/A

Maximum credit limit N/A

Fees & repayments

Annual fee $0 p.a.

Additional cardholder fee Up to 4 at no extra cost

Foreign transaction fee N/A

Minimum repayment $30 or 2.5% (whichever is greater)

Cash advance fee N/A

Late payment fee $30

Rewards and points

Rewards program

Rewards Program N/A

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

Points cap per month N/A

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance Yes

Purchase Protection Insurance Yes

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Overview

American Express Cashback Credit Card

Key features

  • Get up to 6% Cashback
  • 1.5% bonus cashback when you save Shop Small Offer
  • A BINGE Basic Subscription
  • 12 months complimentary access to the Centr fitness app
  • Complimentary Smartphone Screen Insurance
  • Add up to 4 Additional Card Members at no extra cost and earn more Cashback on their spend
  • Refund Protection, Purchase Protection and Fraud Protection Guarantee
  • Plan It Instalments – A flexible way to pay
  • Access to American Express Experiences benefits
  • Amex Offers
  • $10 Monthly Fee

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

  • Minimum income of $40000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

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.

2 questions (showing the latest 10 Q&As)

Elias Zarzour

Elias Zarzour

25 July 2021
Hi, I currently have the Platinum edge, how can I get this cashback card please? Thanks Elias
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 July 2021
    Hi Elias, thanks for your question. The card’s current cashback offer is only available to new approved card members only. You must not have held an Amex card in the prior 18 months. You can use our comparison tool to compare other cashback credit card offers here.
Thi-Thanh-Huyen Nguyen

Thi-Thanh-Huyen Nguyen

19 June 2021
Do these benefits apply to Australian residents? Which benefits apply and which do not?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 June 2021
    Hi there Thi-Thanh-Huyen Nguyen and thanks for your questions! The Amex Cashback Card doesn’t come with any bonus points offers at the time of writing. Tne ANZ Frequent Flyer Black does, but I’ll answer them here in numbered form to help keep the answers separated. 1. Once you’ve earned your Qantas points these will remain in your account until you use them. If your Qantas points account goes with 18 months of inactivity, that is no earning or redemption, then your points will expire. The inactivity period starts on the last day of activity. 2. If you’ve met the required spend, and the points have landed in your account, these will not be forfeited if you cancel. 3. The bonus points will be credited to your Qantas account within three months of the eligible spend criteria being met. We hope this has been helpful!
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