An Australian first, Amex’s low rate credit card boasts a very competitive interest rate of just 10.99% - quite a competitive offer among the American Express credit card product range. Plus it comes with no annual fee!
There's no doubting it, the best feature of this card is the low 10.99% purchase rate. It’s not the lowest you’ll find in the market, but it is pretty close, which is something special coming from 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. However, cash advances will incur a $2.50 or 2% fee (whichever is greater), a $6 per dishonour, and a $30 late fee.
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 is damaged or stolen within 90 days of purchase. There is also up to 55 days interest-free on purchases.
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.
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.
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10.99% p.a. |
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none |
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No current offer |
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no |
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none |
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55 |
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$0.00 |
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none |
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none |
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none |
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$30.00 |
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2%, min $2.50 |
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3.00% |
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$10.00 |
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$7.00 |
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$0.00 |
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$30.00 |
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2.50% |
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up to 4 |
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none |
Apple Pay, Google Wallet, Samsung Pay
Card Purchase Cover
Card Refund Cover and Card Purchase Cover.
Please do not apply for this credit card.one of worst system and not friendly customer service plus there is help for customer when they are in bad situation, financially and mentally so please stay away from this American Express cards
Read full reviewPlease do not apply for this credit card.one of worst system and not friendly customer service plus there is help for customer when they are in bad situation, financially and mentally so please stay away from this American Express cards
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 reviewI 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.
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 reviewI 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...
Online phone app is awesome.
Read full reviewOnline phone app is awesome.
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 reviewVery 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.
Platinum Edge Credit Card
23.99% p.a.
No current offer
$195 $0 in the first year
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Rewards Credit Card
0% p.a. for 15 months then 21.49% p.a.
0% p.a. for 15 months and then 22.24% p.a.
$199
Citi Rewards Program
Qantas Ultimate Card
23.99% p.a.
No current offer
$450
Qantas Frequent Flyer
Clear Credit Card - BT Offer
14.99% p.a.
0% p.a. for 24 months and then 22.24% p.a. (1.50% balance transfer fee)
$99 $49 in the first year
Essential® Rewards Credit Card
23.99% p.a.
No current offer
$108
Membership Rewards
Rewards Credit Card
21.49% p.a.
No current offer
$199 $99 in the first year
Citi Rewards Program
Platinum Edge Credit Card
23.99% p.a.
No current offer
$195 $0 in the first year
Membership Rewards
Explorer Credit Card
23.99% p.a.
No current offer
$395
Membership Rewards
Qantas Ultimate Card
Qantas Frequent Flyer
$450
50,000
1.25 points up to 100,000 points/year, then
1 point uncapped
Platinum Visa Credit Card
Qantas Frequent Flyer
$299
30,000
1 point up to 20,000 points/month
Qantas Rewards Premium Card
Qantas Frequent Flyer
$295 $195 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Qantas Premium Card
Qantas Frequent Flyer
$249
20,000
1 point uncapped
Rewards Signature Card
NAB Rewards
$295 $145 in the first year
180,000
1.25 points uncapped
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Velocity Escape Plus Card
Velocity Frequent Flyer
$95
No current offer
1 point up to 120,000 points/year, then
0.75 points uncapped
Qantas Rewards Signature Card
Qantas Frequent Flyer
$420 $320 in the first year
120,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
Low Rate Card
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
13.49% p.a.
$59 $0 in the first year
Clear Credit Card
0% p.a. for 28 months and then 22.24% p.a. (3.00% balance transfer fee)
14.99% p.a.
$99
Premier Credit Card
0% p.a. for 6 months and then 22.24% p.a.
21.49% p.a.
$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year
Citi Rewards Program
Blue Visa Credit Card
0% p.a. for 9 months and then 21.74% p.a.
0% p.a. for 9 months then 20.74% p.a.
$60
Q Rewards
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 24 months and then 20.99% p.a.
20.74% p.a.
$149 $0 in the first year
Velocity Frequent Flyer
More Mastercard
0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)
19.99% p.a.
$100
Bankwest More Rewards
Rewards Credit Card
0% p.a. for 15 months then 21.49% p.a.
0% p.a. for 15 months and then 22.24% p.a.
$199
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Clear Credit Card
14.99% p.a.
0% p.a. for 28 months and then 22.24% p.a. (3.00% balance transfer fee)
$99
Low Rate Credit Card
12.99% p.a.
0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Rewards Credit Card
0% p.a. for 15 months then 21.49% p.a.
0% p.a. for 15 months and then 22.24% p.a.
$199
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Blue Visa Credit Card
0% p.a. for 9 months then 20.74% p.a.
0% p.a. for 9 months and then 21.74% p.a.
$60
Flex Card
0% p.a.
No current offer
$120 $10 monthly fee waived if the outstanding balance on the previous statement is paid in full by the due date.
StraightUp Card
n/a
No current offer
$360 $30/month - waived if no spend & no balance owing
n0w Credit Card
n/a
No current offer
$228 Monthly fee is waived if account has a $0 balance and if card isn't used during the calendar month.
Platinum Mastercard
0% p.a. for 3 months then 26.30% p.a.
No current offer
$119