American Express Low Rate Credit Card

8.99% p.a.

0% p.a. for 12 months and then 8.99% p.a. (1.00% balance transfer fee)

$0

n/a

American Express Low Rate Credit Card

8.99% p.a.

0% p.a. for 12 months and then 8.99% p.a. (1.00% balance transfer fee)

$0

n/a

Mozo Review   American Express Low Rate Credit Card Review

Last updated: 31 July 2019.

What's hot:
  • 0% on balance transfers for the first 12 months

  • 8.99% purchase rate

  • No annual fee

What's not:
  • 1% credit establishment fee for balances transferred

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. Offering a handy 0% for 12 months on balances transferred from another card as well as no annual fee, it's little surprise that the card was awarded three 2018 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 2018 Mozo Credit Card Provider of the Year American Express who pride themselves on going above and beyond on service and extras.

The card comes with a handy 0% on balance transfers for the first 12 months but be prepared to pay a one off credit plan establishment fee of 1% on any balance you choose to transfer. Plus, remember that interest free days don't apply to new purchases you make while you're paying off a balance transfer.

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?

It may be cheap but also the only card from American Express that comes without access to a rewards program. Watch out for the 1% credit plan establishment fee that will applies to any balance you transfer and keep in mind that some merchants will charge if you choose to pay on Amex.

If you do decide to take up the Balance Transfer offer be aware that you can only transfer a maximum of $7,500 or 50% of the total credit limit.

Details

Rates and fees information correct as at 16 September 2019 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

  • 0% p.a. for 12 months and then 8.99% p.a. (1.00% balance transfer fee)

  • 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

  • The maximum balance transfer that can be approved is $10,000 or 70% of approved credit limit, whichever is less. If you pay your Balance Transfer over time, an interest-free period will not apply to your purchases.

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
    9/10
    Easy to use

    Online phone app is awesome.

    Online phone app is awesome.

    Price
    8/10
    Features
    9/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    10/10

    Bronwyn | Queensland

    reviewed over 3 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...

    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

    Awan | Northern Territory

    reviewed almost 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...

    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

    Judy | Victoria

    reviewed almost 4 years ago

  • Overall
    10/10
    The premiums are good and customer service OK.

    This bank is fantastic, it provides me with everything I need. I couldn't fault it at all. When...

    This bank is fantastic, it provides me with everything I need. I couldn't fault it at all. When dealing with banks you look for security , convenience, reliability, and this bank has got it all.

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Saeed | Tasmania

    reviewed about 4 years ago

  • Overall
    10/10
    phenominal

    credit card with no worries

    credit card with no worries

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    9/10

    Joanne | 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.

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