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Mini meca 2021

American Express Low Rate Credit Card

Advertiser disclosure
Purchase rate
8.99% p.a.
Balance transfer rate
No current offer
Annual fees
Interest free days on purchases
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Mozo editorial review American Express Low Rate Credit Card - last updated: 18 March 2022

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What's hot
  • 2021 Credit Card Provider of the Year
  • 8.99% purchase rate and no annual fee
  • No annual fee
What's not
  • 3.00% foreign exchange margin
Mozo snapshot

An Australian first, Amex’s low rate credit card boasts a very competitive interest rate of just 8.99% - the lowest you’ll see across American Express credit card products. Plus it comes with no annual fee, so it's little surprise that the card was awarded two 2021 Mozo Experts Choice awards for best Low Rate Credit Card and best No Annual Fee Credit Card. 

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Key features

There's no doubting it, the best feature of this card is the low 8.99% purchase rate. It’s not the lowest you’ll find in the market, but it is pretty close, which is something special coming from 2021 Mozo Credit Card Provider of the Year American Express who pride themselves on going above and beyond on service and extras.

The card has no annual fee and up to four additional card members at no extra cost.

It also comes with American Express’ card refund and card purchase cover meaning that Amex will repair or refund the cost of eligible items bought on the card that are damaged or stolen within 90 days of purchase. There is also up to 55 days interest-free on purchases. 

Who is it good for

For shoppers who want the glamorous feeling of paying by Amex card at the checkout without the gold plated price tag, this is the card for you.

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Any catches

While this card might be a good option to use at home here in Australia, remember that if you decide to use it to spend overseas you'll face a 3.00% foreign exchange margin.  


Rates and fees information correct as at 16 August 2022 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.

8.99% p.a.


No current offer


















up to 4


Payment options

Apple Pay, Google Pay, Samsung Pay

Rewards privileges

Card Purchase Cover

Other benefits

Card Refund Cover and Card Purchase Cover.

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