Business Explorer Credit Card card image
Mini meca 2023

American Express Business Explorer Credit Card

Advertiser disclosure
Purchase rate
23.99% p.a.
Balance transfer rate
No current offer
Annual fees
$149 $0 in the first year
Interest free days on purchases
55
Go to site

Mozo editorial review American Express Business Explorer Credit Card - last updated: 18 January 2024

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What's hot
  • 2023 Mozo Experts Choice Rewards Credit Card Provider of the Year
  • Possibility to earn 75,000 Membership Rewards Bonus Points
What's not
  • 3.00% foreign exchange margin
Mozo snapshot

The American Express Business Explorer has a lot to offer business owners. Plus, it's an award-winner – taking out a 2023 Mozo Experts Choice Credit Card Award in the best Rewards Business Credit Card category and best Velocity Frequent Flyer Business Credit Card category. Not to mention, Amex was crowned 2023 Mozo Experts Choice Rewards Credit Card Provider of the Year!

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Key features

Let’s start with the basics. The Amex Business Explorer comes with an ongoing rate of 23.99% p.a.. While there is a $149 annual fee, you can get this down to $0 for the first year when you apply 23 July 2024 (T&Cs apply). 

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 card members at no additional cost. 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 card members can also cash in on complimentary international and domestic Travel Insurance, if the return trip is paid for on the card. But for overseas spending, keep in mind that there is a 3% foreign exchange margin on all purchases.

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

The Business Explorer could be 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. There is also an annual card fee of $149. You should also be aware that there's a $30 dishonour fee and a $30 late fee.

Rewards program details

Rates and fees information correct as at 21 April 2024. 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

239,200 points

Fly Sydney to Melbourne one-way

15,600 points

$100 Giftcard

20,000 points

$100 Cash

20,000 points

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.

Two complimentary American Express Lounge entries.

Value of rewards points

Spend $10,000 (Amex)

Spend $10,000 (Amex)

Spend $7,800 (Amex)

Spend $119,600 (Amex)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

23.99% p.a.

none

No current offer

none

none

55

Fees

$149.00

$0 in the first year

none

none

$30.00

none

3.00%

$10.00

$7.00

$0.00

Features

$30.00

2.5

up to 99

none

Payment options

Apple Pay, Google Wallet, Samsung Pay

Rewards privileges

Account alerts by SMS,
Travel Inconvenience Cover

Other benefits

Monthly statement meets ATO requirements for GST reporting.

Customer Reviews

This product does not currently have any community reviews. Be the first to write one.

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