American Express Low Rate Credit Card

8.99% p.a.

No current offer

$0

n/a

American Express Low Rate Credit Card

8.99% p.a.

No current offer

$0

n/a

Mozo Review   American Express Low Rate Credit Card Review

Last updated: 24 March 2020.

What's hot:
  • 2019 Credit Card Provider of the Year

  • Triple 2019 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 2019 Mozo Experts Choice awards for best Low Rate Credit Card, best Balance Transfer Card and best No Annual Fee Credit Card. 

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 2019 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.


Who it's 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.


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 3 April 2020 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 customer rating
6.6/10
Price
5.5/10
Features
6.8/10
Customer service
6.8/10
Convenience
5.8/10
Trust
7.0/10

Latest reviews of American Express Low Rate Credit Card

  • Overall 0/10
    Disappointing, frustrating, incompetent and so on.

    I applied for a Low Interest credit AMEX card, just the basic one, and I thought I could transfer my balance from my ANZ card, which had a higher rate. I filled out the application online and it was approved literally straight away. There was absolutely no indication of any problem or difficulty, so I thought the whole thing went through. A couple of days later I got a letter from the bank saying I was approved to transfer only a fraction of my request to the AMEX card, which was approved for a totally ridiculous 1000 credit limit only!! Even a high schooler would have received more, I think, with no income whatsoever. Once I received the letter and the card, I rang up straight away and wanted to cancel the deal. I was advised the credit limit cannot be changed since it's done by the machine, then also the transfer of the amount cannot be stopped, since it is also done by the machine, regardless of if you accepted the offer or not!! You would think, if you don't get what you applied for, someone will give you a call and let you know, and try to find out if you still want to go ahead with the deal or not. I mean, this would be a proper customer service procedure. They "assumed" - or the machine assumed - it is OK just to go ahead. I rang immediately, I cancelled my card, which was not even activated. It also makes me wonder how a balance can be transferred to a card which is not even active, but as I was told again, the machine is doing it. Yap, they cannot interfere with the machine! They cannot help me, sorry. I felt like I was going to explode, I was so bloody frustrated. AMEX shame on you, a ridiculously, inadequate, inefficient and incompetent lot. I advise not to start with them. I will never again, for sure.

    Read full review

    I applied for a Low Interest credit AMEX card, just the basic one, and I thought I could transfer my balance from my ANZ card, which had a higher rate. I filled out the application online and it was approved literally straight away. There was absolutely no indication of any problem or difficulty, so I thought the whole thing went through. A couple of days later I got a letter from the bank saying I was approved to transfer only a fraction of my request to the AMEX card, which was approved for a totally ridiculous 1000 credit limit only!! Even a high schooler would have received more, I think, with no income whatsoever. Once I received the letter and the card, I rang up straight away and wanted to cancel the deal. I was advised the credit limit cannot be changed since it's done by the machine, then also the transfer of the amount cannot be stopped, since it is also done by the machine, regardless of if you accepted the offer or not!! You would think, if you don't get what you applied for, someone will give you a call and let you know, and try to find out if you still want to go ahead with the deal or not. I mean, this would be a proper customer service procedure. They "assumed" - or the machine assumed - it is OK just to go ahead. I rang immediately, I cancelled my card, which was not even activated. It also makes me wonder how a balance can be transferred to a card which is not even active, but as I was told again, the machine is doing it. Yap, they cannot interfere with the machine! They cannot help me, sorry. I felt like I was going to explode, I was so bloody frustrated. AMEX shame on you, a ridiculously, inadequate, inefficient and incompetent lot. I advise not to start with them. I will never again, for sure.

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Ilona, New South Wales reviewed 28 days ago
  • Overall 10/10
    Fantastic customer service.

    I had an old Amex and wanted to change to a low rate option. Called customer service and it was the best experience I’ve had with a financial institution. So easy to deal with...

    Read full review

    I had an old Amex and wanted to change to a low rate option. Called customer service and it was the best experience I’ve had with a financial institution. So easy to deal with...

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Anthony, Victoria reviewed 4 months ago
  • Overall 9/10
    Easy to use

    Online phone app is awesome.

    Read full review

    Online phone app is awesome.

    Price
    8/10
    Features
    9/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Bronwyn, Queensland reviewed about 4 years ago
  • Overall 4/10
    It's alright

    Very few will take them. But most of them charge extra as surcharge. I have to pay more if I really want to pay by AMEX.

    Read full review

    Very few will take them. But most of them charge extra as surcharge. I have to pay more if I really want to pay by AMEX.

    Price
    5/10
    Features
    4/10
    Customer service
    4/10
    Convenience
    2/10
    Trust
    5/10
    Less
    Awan, Northern Territory reviewed over 4 years ago
  • Overall 9/10
    Great customer service.

    I use Amex first for the maximum QFF points. By paying it off each month and accumulating my points, I can then fly in comfort on my holidays.

    Read full review

    I use Amex first for the maximum QFF points. By paying it off each month and accumulating my points, I can then fly in comfort on my holidays.

    Price
    8/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Judy, Victoria reviewed over 4 years ago
American Express

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

Promoted

American Express

American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Promoted

American Express

American Express

Qantas Ultimate Card

20.74% p.a.

No current offer

$450

Promoted

American Express

American Express

Qantas Premium Card

20.74% p.a.

No current offer

$249

Promoted

American Express

American Express

Platinum Edge Credit Card

20.74% p.a.

No current offer

$195

Promoted

American Express

American Express

Velocity Platinum Card

20.74% p.a.

No current offer

$375

Promoted

American Express

American Express

Velocity Escape Card

20.74% p.a.

No current offer

$0

Promoted

American Express

American Express

Explorer Credit Card

20.74% p.a.

No current offer

$395

Promoted

American Express

American Express

Qantas Ultimate Card

20.74% p.a.

No current offer

$450

Qantas Frequent Flyer

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

American Express

American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Qantas Frequent Flyer

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

10.80% p.a.

No current offer

$0

Promoted

ING

ING

Orange One Platinum Credit Card

16.99% p.a.

No current offer

$149

Cashback Rewards

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

$0

Promoted

American Express

American Express

Velocity Escape Card

20.74% p.a.

No current offer

$0

Velocity Frequent Flyer

Promoted

American Express

American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

100,000

1.25 points uncapped

Promoted

CUA

CUA

Platinum Credit Card

Life Rich Rewards

$149 $0 in the first year

No current offer

1 point up to 100,000 points/year

Promoted

ING

ING

Orange One Platinum Credit Card

Cashback Rewards

$149

No current offer

1 point up to $3,000/month

Promoted

American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Promoted

Heritage Bank

Heritage Bank

Platinum

Heritage Credits

$125 $0 when you spend over $35,000 p.a

No current offer

0.002 points uncapped

Promoted

American Express

American Express

Velocity Platinum Card

Velocity Frequent Flyer

$375

50,000

1.25 points uncapped

Promoted

American Express

American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

Promoted

American Express

American Express

Explorer Credit Card

Membership Rewards

$395

50,000

2 points uncapped

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

$0

Promoted

Bank First

Bank First

Visa Classic Credit Card

0% p.a. for 6 months then 12.54% p.a.

0% p.a. for 6 months and then 12.54% p.a.

$0

Promoted

Suncorp

Suncorp

Clear Options Platinum

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

0% p.a. for 14 months and then 21.99% p.a.

$129 $49 in the first year

Suncorp Rewards

Promoted

Virgin Money

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

Velocity Frequent Flyer

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

10.80% p.a.

No current offer

$0

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Mastercard

11.99% p.a.

0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

Promoted

Credit Union SA

Credit Union SA

Visa Credit Card

10.49% p.a.

0% p.a. for 6 months and then 10.49% p.a.

$39

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Platinum Mastercard

11.99% p.a.

0% p.a. for 6 months and then 11.99% p.a.

$89

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

Bank First

Bank First

Visa Classic Credit Card

0% p.a. for 6 months then 12.54% p.a.

0% p.a. for 6 months and then 12.54% p.a.

$0

Promoted

Suncorp

Suncorp

Clear Options Platinum

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

0% p.a. for 14 months and then 21.99% p.a.

$129 $49 in the first year

Promoted

Virgin Money

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

Promoted

St.George

St.George

Rainbow Platinum Vertigo

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

No current offer

$99 $49 in the first year