American Express Platinum Edge Credit Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$195

Membership Rewards

American Express Platinum Edge Credit Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$195

Membership Rewards

Mozo Review   American Express Platinum Edge Credit Card Review

Last updated: 18 October 2018.

What's hot:
  • 2018 Mozo Experts Choice award

  • $200 travel credit each year

  • 0% balance transfer offer for 12 months

  • Complimentary insurance perks

What's not:
  • 20.74% purchase rate

  • 1% credit establishment fee for balances transferred

Mozo snapshot:

The Platinum Edge, winning two 2018 Mozo Experts Choice Awards for best Premium Rewards Credit Card and Velocity Frequent Flyer Premium Credit Card, offers platinum for the people: plenty of privileges, easy-to-earn rewards points and even free travel, all for a highly reasonable annual fee of $195. There is a 0% balance transfer rate for 12 months but you'll also need to pay an upfront 1% credit establishment fee for balances that are transferred.

Key features:

Cardholders can earn points aplenty with Amex's 3-2-1 system: that's 3 points per dollar spent at major supermarkets, 2 points per dollar on fuel purchases at major fuel retailers and 1 point per dollar for everything else (except on insurance, telecommunications and government spends, where you will earn just 0.5 points per $1). 

With access to nine different frequent flyer programs, plus merchandise and gift options, the American Express Platinum Edge is truly flexible bling. But the most attractive bonus for team Mozo? The $200 worth of travel credit each year, which can be used at americanexpress.com.au/travel (T&Cs apply). Yes, we'll say it - a credit card company really can be generous.

You'll also get 24-hour service and free additional cards, perfect if you want to enlist your other half to rack up points, too. The American Express Platinum Edge card also comes with complimentary insurances including an extended warranty and purchase protection.



Who it's good for:

Those who want to dip a toe into the platinum credit card lifestyle - and a bit of jetsetting on the side, without having to pay a huge annual fee. If you have the discipline to use your credit card for daily expenses plus your necessary splurges - without going over the edge - the American Express Platinum Edge card makes reward points easy to accumulate.

Any catches?

It's easy to be distracted by all the points and platinum treatment being thrown your way, but the 20.74% interest rate on purchases will cause some platinum pain if you aren't the type to pay off your monthly bill. Fortunately, you'll have 55 interest-free days to undo any damage you've done along the way.

Rewards program details

Rates and fees information correct as at 21 October 2018.

What your points get you

Fly Sydney to London

119,600 points

Fly Sydney to Melbourne

7,800 points

$100 Giftcard

13,500 points

$100 Cash

14,500 points

Points earning

1 point per dollar on Amex, uncapped

Rewards scheme

Transfer points to a range of airline programs or redeem your points for travel, gift cards, retail rewards and shopping gift cards.

Transfer your points to 8 airline programs, including Virgin Velocity, or book direct with your dedicated travel service or travel agents including Harvey World Travel and Webjet.

Earn 3 points per $1 at major supermarkets, 2 points per $1 at major petrol stations. 1 point per $1 on all other purchases excluding insurance, telecommunications, and government where you earn 0.5 points per $1

Receive a $200 Travel Credit each year booked online with American Express.

Value of rewards points

Spend $14,500 (AmEx)

Spend $13,500 (AmEx)

Spend $7,800 (AmEx)

Spend $119,600 (AmEx)

Uncapped

Never

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Close

Rate and fee details

Rates
  • 20.74% p.a.

  • none

  • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

  • no

  • none

  • 55

Fees
  • $195.00

  • 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.

Payment options

Apple Pay, Google Pay, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection,
Account alerts by SMS

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
6.7/10
Convenience
5.8/10
Trust
7.0/10

Latest reviews of American Express Platinum Edge Credit Card

  • Overall
    8/10
    Great card if you travel at least once a year

    If you know that you're going to travel at least once a year domestically, this card is ideal....

    If you know that you're going to travel at least once a year domestically, this card is ideal. However, I did like it better when they gave you a free flight instead of the travel credit of $200 you get now. Combined with the AMEX More offers this card gives you a LOT. If you pay off your card in full every month, you're actually ahead when using this card. The main gripe with AMEX however, is that they do not extend their great bonus points offers on new cards/products to existing card holders. Big drawback

    Price
    7/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Del | New South Wales

    reviewed 11 months ago

  • Overall
    9/10
    Good service

    They have always looked after my interests, through stolen cards overseas and copied cards that...

    They have always looked after my interests, through stolen cards overseas and copied cards that were then used overseas. Each time I have rung, they calmly solve the situation.

    Price
    7/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Anita | New South Wales

    reviewed over 1 year ago

  • Overall
    4/10
    Annual fees

    Assessibility

    Assessibility

    Price
    2/10
    Features
    3/10
    Customer service
    6/10
    Convenience
    1/10
    Trust
    8/10

    Dominic | Western Australia

    reviewed over 2 years ago

  • Overall
    10/10
    Good Customer Service

    Best in the town

    Best in the town

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

    Sierra | Victoria

    reviewed over 2 years ago

  • Overall
    4/10
    Good reward points, security is good. Inflexible.

    I am not very happy with American Express because I am often charged a surcharge when I use the...

    I am not very happy with American Express because I am often charged a surcharge when I use the card. Also lots of stores do not accept American Express but the reward points are quite good. People should be aware of the limitations with this particular card. However, the security features are quite good. I did have a Visa Card and my identity was stolen once before.

    Price
    1/10
    Features
    1/10
    Customer service
    1/10
    Convenience
    0/10
    Trust
    6/10

    Margaret | Victoria

    reviewed over 2 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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19.99% p.a.

$49 $0 in the first year

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11.99% p.a.

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20.74% p.a.

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

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20.74% p.a.

$395

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0% p.a. for 13 months and then 12.99% p.a. (2.00% balance transfer fee)

0% p.a. for 13 months then 12.99% p.a.

$99

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Altitude Platinum with American Express

No current offer

20.24% p.a.

$199 $0 in the first year

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Everyday Platinum Credit Card

1 point per dollar on Visa, uncapped

19.99% p.a.

$49 $0 in the first year

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1.5 points per dollar on Visa, up to $2,000 per month, then
0.5 points per dollar on Visa, uncapped

18.79% p.a.

$95

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20.74% p.a.

$0

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20.24% p.a.

$249 $50 in the first year

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0.5 points per dollar on Mastercard, up to 200000 points per year

20.49% p.a.

$160

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Frequent Flyer Black

1 point per dollar on Visa, up to $7,500 per month, then
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19.99% p.a.

$425

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

$49 $0 in the first year

19.99% p.a.

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Velocity Escape Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$0

20.74% p.a.

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0% p.a. for 18 months and then 21.99% p.a.

$178

20.74% p.a.

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0% p.a. for 13 months and then 12.99% p.a. (2.00% balance transfer fee)

$99

0% p.a. for 13 months then 12.99% p.a.

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Explorer Credit Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$395

20.74% p.a.

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4.99% p.a. for 6 months and then 21.99% p.a.

$0

21.99% p.a.

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0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$100

0% p.a. for 9 months then 13.99% p.a.

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0% p.a. for 18 months and then 20.99% p.a.

$129 $64 in the first year

20.74% p.a.

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ME

ME

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11.99% p.a.

$0

No current offer

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0% p.a. for 13 months then 12.99% p.a.

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0% p.a. for 13 months and then 12.99% p.a. (2.00% balance transfer fee)

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14.99% p.a.

$0

0% p.a. for 12 months and then 14.99% p.a. (3.00% balance transfer fee)

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0% p.a. for 9 months then 13.99% p.a.

$100

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

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ANZ

ANZ

Low Rate

12.49% p.a.

$58

0% p.a. for 15 months and then 21.74% p.a.

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Citi

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Clear Platinum

12.99% p.a.

$99 $0 in the first year

0% p.a. for 14 months and then 21.74% p.a.

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Breeze Mastercard

0% p.a. for 13 months then 12.99% p.a.

$79

0% p.a. for 13 months and then 12.99% p.a. (2.00% balance transfer fee)

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13.74% p.a.

$55

0% p.a. for 16 months and then 19.49% p.a.

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19.99% p.a.

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

$49 $0 in the first year

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11.99% p.a.

No current offer

$0

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Frequent Flyer Black

19.99% p.a.

No current offer

$425

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

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

$129

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Breeze Platinum Mastercard

0% p.a. for 13 months then 12.99% p.a.

0% p.a. for 13 months and then 12.99% p.a. (2.00% balance transfer fee)

$99

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20.24% p.a.

No current offer

$199 $0 in the first year

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20.69% p.a.

No current offer

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19.49% p.a.

No current offer

$279 $179 in the first year