Award-winning Amex cards to boost your rewards points earn

Kelly Emmerton   |   07 Nov 2017

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Rewards lovers took a blow recently when Westpac announced it was canning Amex companion cards with it’s range of rewards credit cards - but there’s no need to panic just yet.

Mozo has crunched the numbers on your rewards earn and found that despite companion cards becoming a thing of the past, a standalone card issued directly by American Express may be your best bet for a bumper points earn.

Looking at an average spend of $19,000 per year, Mozo found American Express' highest performing rewards card delivered a net value of $347. That’s a whopping 40% more value than the highest performing non-Amex card, which delivered a net value of $248.

No wonder Amex was crowned Mozo’s Credit Card Provider of the Year!

“Of course, choosing a rewards card is a personal thing, and with Amex, you need to keep in mind that Amex is still not quite as widely accepted as Visa and Mastercard, and there is the chance of being hit with higher surcharges. So take those things into account when choosing your new plastic,” adds Mozo Director Kirsty Lamont.

If you’re ready to pump up your rewards stash, check out some of American Express’ award-winning pieces of plastic below.

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American Express Essential Credit Card
  • $0 annual fee

  • 1 point per $1 spent, uncapped

  • 14.99% purchase rate

Why it’s a winner

If you’re looking for a great all-rounder piece of plastic, the Amex Essential card might be just the thing. A winner in three separate Experts Choice categories, this card is budget friendly, but also allows you to earn points on your spend and cash in on extras like purchase protection and extended warranty.

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American Express Qantas Discovery Card
  • $0 annual fee

  • Earn up to 2 qantas points per $1 on Qantas purchases

  • No points cap or expiry

Why it’s a winner

Winner in the Rewards Credit Card category, the Qantas Discovery is a perfect addition to a travel-lover’s wallet. With a bumper points earn rate when you spend on Qantas products, no points expiry date or cap and no annual fee, if you love to fly Qantas this card is definitely worth a second look.

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American Express Qantas Ultimate Card
  • $450 annual travel credit

  • 1.5 points per $1 spent

  • $450 annual fee

Why it’s a winner

Taking out two Experts Choice Awards, the Qantas Ultimate card lives up to it’s name. The $450 annual travel credit easily cancels out the annual fee for those high-flying spenders who will make good use of it, and the 55,000 bonus qantas points on offer when you spend $1,500 in the first 3 months are good news for any spender.

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American Express Explorer® Credit Card
  • 50,000 bonus rewards points

  • 2 points per $1 spent, uncapped

  • $395 annual fee

Why it’s a winner

With a bumper points earn rate, generous bonus point offer, $400 annual travel credit, and 2 complimentary Amex airport lounge passes each year it’s no wonder the Amex Explorer is a winner in the Premium Retail Rewards Credit Card category. To earn the bonus points, be sure to spend $1,500 in the first 3 months.

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American Express Platinum Edge Credit Card
  • $200 travel credit each year

  • Up to 3 points per $1 on eligible spends

  • $195 annual fee

Why it’s a winner

Also a Premium Retail Rewards winner, the Platinum Edge comes with a tonne of added value, including complimentary travel insurance, purchase protection and extended warranty. And when it comes to redeeming points, you’ll have access to nine different frequent flyer programs, plus heaps of merchandise and gift options.

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American Express Velocity Platinum Card
  • 50,000 bonus Velocity points

  • Free return domestic flight with Virgin each year

  • Up to 2.5 points per $1 on Virgin spends

Why it’s a winner

If you prefer to fly Virgin, then make sure you check out the Amex’s Velocity Platinum card, winner in the Velocity Frequent Flyer Credit Card category. Along with the bonus points you’ll bag when you spend $1,500 in the first 3 months, you can also snag 100 Status Credits when you spend $50,000 in the first year.

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