Low Rate Credit Card card image Mozo experts choice 2020

American Express Low Rate Credit Card

Advertiser disclosure
Purchase rate
8.99% p.a.
Balance transfer rate
No current offer
Annual fees
$0
Interest free days on purchases
55

Mozo editorial review American Express Low Rate Credit Card

Last updated: 15 October 2020.

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What's hot
  • 2020 Credit Card Provider of the Year
  • Double 2020 Mozo Experts Choice Award winner
  • 8.99% purchase rate and 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 offers no annual fee, so it's little surprise that the card was awarded a whopping three 2020 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 2020 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’ refund and purchase protection 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.


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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.  

Details

Rates and fees information correct as at 28 January 2021 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.
Rates
  • 8.99% p.a.

  • none

  • No current offer

  • no

  • none

  • 55

Fees
  • $0.00

  • none

  • none

  • none

  • $30.00

  • none

  • 3.00%

  • $10.00

  • $7.00

  • $0.00

Features
  • $30.00

  • 2.5

  • up to 4

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay

Rewards privileges

Purchase Protection,
Refund Protection

Other benefits

Refund and Purchase Protection.

Customer Reviews

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

Overall
6.5/10
Price
5.6/10
Features
6.8/10
Customer service
6.7/10
Convenience
5.8/10
Trust
7.0/10

Latest reviews of American Express Low Rate Credit Card

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About American Express

American Express is a global mega provider of credit cards, including gold cards, platinum cards, charge cards and more. With American Express, you can find a credit card to suit your lifestyle, tastes and aspirations. If you're a rewards points junkie, be sure to check out the hugely popular American Express rewards programs, including Qantas Frequent Flyer points and Qantas Club rewards.

See American Express credit cards

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American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

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American Express

Qantas Ultimate Card

20.74% p.a.

No current offer

$450

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American Express

Qantas Premium Card

20.74% p.a.

No current offer

$249

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American Express

Platinum Edge Credit Card

20.74% p.a.

No current offer

$195

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American Express

Velocity Platinum Card

20.74% p.a.

No current offer

$375

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American Express

Velocity Escape Card

20.74% p.a.

No current offer

$0

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American Express

Explorer Credit Card

20.74% p.a.

No current offer

$395

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Bendigo Bank

Low Rate Credit Card

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

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Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

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Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

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ME

frank Credit Card

11.99% p.a.

No current offer

$0

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St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

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CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

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Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

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Qantas Money

Qantas Premier Platinum

19.99% p.a.

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

$299 $199 in the first year

Qantas Frequent Flyer

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American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

100,000

1.25 points uncapped

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St.George

Amplify Signature

Amplify Rewards

$279 $139 in the first year

200,000

1.5 points uncapped

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Suncorp

Clear Options Platinum

Suncorp Rewards

$129

100,000

1.25 points uncapped

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American Express

Qantas Premium Card

Qantas Frequent Flyer

$249

80,000

1 point uncapped

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Qantas Money

Qantas Premier Platinum

Qantas Frequent Flyer

$299 $199 in the first year

100,000

1 point up to $10,000/month, then
0.5 points uncapped

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Bankwest

Qantas Platinum Mastercard

Qantas Frequent Flyer

$160

30,000

0.75 points up to $2,500/month, then
0.3 points uncapped

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BankSA

Amplify Signature

Amplify Rewards

$279 $139 in the first year

200,000

1.5 points uncapped

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American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

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Bankwest

Breeze Mastercard

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

10.99% p.a.

$49 $0 in the first year

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Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 26 months and then 20.99% p.a.

20.74% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

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St.George

Vertigo

0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

$55 $0 in the first year

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Westpac

Low Rate

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

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St.George

Amplify Platinum

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 19.74% p.a.

$99 $0 in the first year

Amplify Rewards

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CUA

Low Rate Credit Card

0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

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Bank of Melbourne

Amplify Platinum

0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)

19.74% p.a.

$99

Qantas Frequent Flyer

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ANZ

Low Rate

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

12.49% p.a.

$58 $0 in the first year

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Bendigo Bank

Low Rate Credit Card

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

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Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

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Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

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ME

frank Credit Card

11.99% p.a.

No current offer

$0

Thumbnail icon for St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

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Bank of Melbourne

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

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Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Thumbnail icon for St.George

St.George

Vertigo Platinum

0% p.a. for 15 months then 12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99 $49 in the first year

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NAB

StraightUp Card

0% p.a.

No current offer

$120 $10/month - waived if no spend & no balance owing

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St.George

Amplify Platinum

0% p.a. for 7 months then 19.74% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$99 $0 in the first year

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Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 6 months and then 20.99% p.a.

$129 $64 in the first year

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Virgin Money

No Annual Fee Card

0% p.a. for 12 months then 18.99% p.a.

0% p.a. for 12 months and then 20.99% p.a.

$0

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ANZ

Platinum

0% p.a. for 17 months then 20.24% p.a.

No current offer

$87 $0 when you spend over $20,000 p.a, $0 in the first year