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American Express Business Explorer Credit Card

Purchase rate
16.99% p.a.
Balance transfer rate
No current offer
Annual fees
$395
Interest free days on purchases
55
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Mozo editorial review American Express Business Explorer Credit Card

Last updated: 15 October 2020.

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What's hot
  • 2020 Credit Card Provider of the Year
  • 2020 Mozo Experts Choice Award
  • 100,000 bonus points (spending requirements apply)
What's not
  • 3.00% foreign exchange margin
Mozo snapshot

Combining a low 16.99% interest rate with bumper rewards value, the newly launched American Express Business Explorer has the best of both worlds for small and medium business owners. New customers who apply before 13 January 2021 and want more bang for their buck can score 100,000 bonus rewards points when they spend $3,000 in the first 3 months. 

Plus the Business Explorer card is an award-winner - taking out a 2020 Mozo Experts Choice Business Credit Card Awards in the best Rewards Business Credit Card category. And, Amex was crowned 2020 Credit Card Provider of the Year! 

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Key features

Let’s start with the basics. The Amex Business Explorer comes with a relatively low interest rate of 16.99% and up to 55 interest free days, making it super easy to manage your business’ cash flow. Although there is a $395 annual fee.

Transaction data from your Business Explorer account can be fed straight into MYOB. Whether you have 10 employees or 50, business runs smoothly with up to 99 additional cards on offer. Business owners can manage all these cards from one statement, and rewards points on all cards are pooled - helping you reach that free flight or gift card sooner. The best part - there’s no fee for additional card members.

Primary cardholders can cash in on complimentary international travel insurance, but for overseas spending, keep in mind that there is a 3% foreign exchange margin on all purchases.

Now for the fun part - rewards. There’s a 100,000 bonus point offer up for grabs for new customers if you apply by 13 January 2021 and spend $3,000 in the first 3 months after approval. Savvy business owners can also get their hands on an extra 50,000 bonus points each year that they meet an annual credit card spend of $100,000, which shouldn’t be hard if you have a few additional cards contributing to the spend as well.

The generous regular earn rate of 2 rewards points per $1 spent applies to all purchases, except those at government bodies. But the good news is that unlike many rewards cards, you’ll still earn 1 point per $1 on government spends.

Points are uncapped, never expire and you can redeem them for a range of awesome rewards including flights, gift cards, and other retail products.

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Who is it good for

Available to small business owners with an individual income of $75,000 or more per year, the Business Explorer is a top pick for anyone who wants to manage their businesses cash flow and nab a bunch of rewards value at the same time.

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Any catches

If you’re planning to use the card internationally, it’s worth noting the 3% foreign exchange margin on all purchases.

Rewards program details

Rates and fees information correct as at 22 October 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.
What your points get you

Fly Sydney to London return

212,000 points

Fly Sydney to Melbourne one-way

-

$100 Giftcard

20,000 points

$100 Cash

-

Points earning

2 points 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.

Flights available with Cathay Pacific, Singapore Airlines, Thai Airways, Air New Zealand, Emirates, Malaysia Airlines and other partners.

Earn 1 point per $1 spent at government bodies. Get 50,000 Bonus Points annually when you spend $100,000 in the previous 12 months.

Special offers

Receive a bonus 100,000 Membership Rewards Points when you spend $3,000 in your first 3 months. New Card Members only.

Value of rewards points

Spend $10,000 (AmEx)

Spend $106,000 (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.

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Rate and fee details

Rates
  • 16.99% p.a.

  • none

  • No current offer

  • none

  • none

  • 55

Fees
  • $395.00

  • none

  • none

  • none

  • $30.00

  • none

  • 3.00%

  • $10.00

  • $7.00

  • $0.00

Features
  • $30.00

  • 2.5

  • unlimited

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay

Rewards privileges

Travel Insurance,
Account alerts by SMS

Other benefits

Monthly statement meets ATO requirements for GST reporting.

Customer Reviews

This product is not currently reviewed.

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