Essential Credit Card card image

American Express Essential Credit Card

Advertiser disclosure
Purchase rate
18.99% p.a.
Balance transfer rate
No current offer
Annual fees
$0
Interest free days on purchases
55
Go to site

Mozo editorial review American Express Essential Credit Card - last updated: 2 November 2023

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What's hot
  • 2023 Mozo Experts Choice Rewards Credit Card Provider of the Year
  • Multiple 2023 Mozo Experts Choice Award-winner
  • $0 annual fee
  • Cover for smartphone screen repairs up to $500 each year when you pay for your phone outright or monthly bill with American Express Essential Credit Card, conditions apply.
What's not
  • $30 late payment fee
Mozo snapshot

There's a lot to love about the American Express Essential Credit Card. You'll earn up to 1.25 points per $1 spend and there's no annual fee. With so much great value on offer, it's no surprise that this card won two 2023 Mozo Experts Choice Award for best Rewards Credit Card and best Cashback Credit Card.  Plus, American Express was awarded the mantle of 2023 Rewards Credit Card Provider of the Year.

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Key features

One of the biggest draws of the Essential Credit Card is that it's a rewards card with no annual fee. The purchase rate is fairly low too at just 18.99% and you'll have a leisurely 55 interest free days.

With the Essential Credit Card you'll earn 1.25 points for every $1 spent on AMEX, and since the points are uncapped and never expire you can keep piling them up until you have a nice stash of rewards points. The only exception is government spends, where you'll only earn 1 point per $1. The points are redeemable through 11 different airlines, which include Virgin, Emirates, Air New Zealand and Singapore Airlines. Plus there's an unlimited amount of additional card members, so you can get your family on board to supercharge your rewards points pile faster.

The competitive features don't stop there, as the rewards card also comes with complimentary insurances including an extended warranty, car purchase cover and card refund cover. There's also smartphone screen cover for those who pay for their phone or phone contract on their credit card. This means if your screen cracks, you'll be able to claim up to $500 in repairs two times a year but you'll have to pay 10% excess per claim.

While the Essential Credit Card comes with no annual fee, there are other fees to keep in mind. Amex's Essential Credit Card has a $2.50 or 2% (whichever is greater) fee on the cash advance amount. There's also a $6 dishonour fee and a $30 late fee to wathc out for. 



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Who is it good for

This can suit rewards lovers that want the perks of a rewards credit card without the slap of a high annual fee. 

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Any catches

As this is an AMEX card, be mindful that some merchants may charge extra for accepting American Express transactions. 

Rewards program details

Rates and fees information correct as at 24 February 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

What your points get you
Fly Sydney to London return

239,200 points

Fly Sydney to Melbourne one-way

15,600 points

$100 Giftcard

20,000 points

$100 Cash

20,000 points

Points earning

1.25 points per dollar on Amex, uncapped

Rewards scheme

Transfer points to a range of airline programs or redeem your points for travel, gift cards, retail rewards and shopping gift cards.

Flights available with Cathay Pacific, Singapore Airlines, Thai Airways, Air New Zealand, Emirates, Virgin, Malaysia Airlines and other partners.

Earn 1 point per $1 spend at government bodies.

Value of rewards points

Spend $16,000 (Amex)

Spend $16,000 (Amex)

Spend $12,480 (Amex)

Spend $191,360 (Amex)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

18.99% p.a.

none

No current offer

no

none

55

Fees

$0.00

none

none

none

$30.00

2%, min $2.50

3.00%

$10.00

$7.00

$0.00

Features

$30.00

2.5

up to 4

none

Payment options

Apple Pay, Google Wallet, Samsung Pay

Rewards privileges

Extended Warranty,
Account alerts by SMS,
Card Purchase Cover ,
Travel Inconvenience Cover

Other benefits

Cover for smartphone screen repairs up to $500 each year when you pay for your phone outright or monthly bill with American Express Essential Credit Card, conditions apply.

Customer Reviews

How are American Express credit cards rated by the Mozo community?

Overall
Price
Features
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