American Express - The American Express Essential Rewards Credit Card
The American Express Essential Rewards Credit Card has an annual charge of $108. There is also up to 55 days interest-free on purchases, with the rate on those purchases being 23.99% p.a. This card earns points at a rate of 3 Reward Points per dollar spent on selected streaming subscriptions in Australia.The American Express Essential Rewards Credit Card earns 5 Reward Points for every dollar spent on eligible eats & drinks purchases in Australia.
A purchase interest rate of 23.99% p.a.
Annual Fee
$108 per year
Purchase Rate
23.99% p.a.
Interest Free Period
up to 55 days
Rewards Rate One
5 point(s) per AUD$1 On eligible eats & drinks purchases in Australia
Details
Card Type
American Express
Minimum Repayment
2.50% or $30
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$2,000
Fees
Annual Fee
$108
per year
Late Payment Fee
$30
per statement
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
23.99% p.a.
Overseas Spending
Foreign Currency Conversion Fee
3%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
Yes
Rewards
Program
Membership Rewards
Types
Gift card, Airlines partner points
Bonus
80,000 bonus points
Reward Rates
Rewards Rate One
5 point(s) per AUD$1
On eligible eats & drinks purchases in Australia
Rewards Rate Two
3 point(s) per AUD$1
On selected streaming subscriptions in Australia
Perks
Complimentary Travel Insurance
No
Airport Lounge Access
No
Who is the product designed for?
The Target Market forthis CreditCard are consumers who:
- want to make purchases on creditwith the ability toearn reward points
- earn a sufficient income to enable them to pay their outgoings and living expenses, in addition to their Card repayments each month without experiencing financial hardship
- are willing and able to pay an interest rate of 23.99% p.a. and a monthly fee of $9
Visit American Express to view Target Market Determination Effective From: 2024-04-30.
Australia - © 2023 Fair Comparison Pty Ltd
Savrr.com is a trading name of Fair Comparison Pty Ltd. The 'compare' pages of this website are provided by Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to compare a range of credit card, home loan, personal loan, and car loan products. Fair Comparison Pty Ltd may receive a fee if users click through, apply and/or successfully acquire a loan or credit card product from or through a product provider.
Fair Comparison provides information relating to credit products offered by banks and other credit providers. We are not providers of loan, credit, or any other financial products. While we aim to provide information about a variety of products, we do not provide information about all products or product features available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific products. Should you choose to apply for a product which is listed, you will deal directly with the provider of the product or its broker/representative. We aim to provide useful and up to date information, but you should always carefully check product information with the product provider prior to applying for or taking out a credit product. If you are unsure, you should seek clarification from the product provider or independent financial advice.
Global - © 2023 Fair Comparison Ltd
Savrr.com is a trading name of Fair Comparison Ltd. The ‘compare’ pages of this website are provided by Fair Comparison Ltd to compare a range of online trading platforms and products. Fair Comparison Ltd may receive a fee if users click through, apply and/or successfully apply for an online trading account or product.
Fair Comparison provides information relating to online trading platforms. We are not providers of loan, credit, or any other financial products nor are we an investment broker. While we aim to provide information about a variety of platforms or products, we do not provide information about all platforms or products available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific platforms or products. Should you choose to apply for a platform or product which is listed, you will deal directly with the platform or its broker/representative. We aim to provide useful and up-to-date information, but you should always carefully check information with the platform provider prior to opening an account or making a financial decision. If you are unsure, you should seek clarification from the platform or independent financial advice.