American Express - The American Express Explorer Credit Card
The American Express Explorer card has a $395 annual fee. There is a purchase interest rate of 23.99% p.a. and there are up to 55 days interest-free. The Explorer credit card earns 2 Membership Rewards Points per dollar spent, excluding government bodies. All purchases made with government bodies will earn 1 point per dollar spent.
Get 50,000 Bonus Membership Rewards Points once you spend $4,000 on your new card during the first 3 months. T&Cs apply. This offer only applies to new card members.
Annual Fee
$395 per year
Purchase Rate
23.99% p.a.
Interest Free Period
up to 55 days
Rewards Rate One
2 point(s) per AUD$1 On spent on purchases excluding government bodies 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
$3,000
Fees
Annual Fee
$395
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
Airline partner points, Gift cards, Domestic and International flights, Hotels or Car hire
Bonus
50,000 bonus points
Reward Rates
Rewards Rate One
2 point(s) per AUD$1
On spent on purchases excluding government bodies in Australia
Rewards Rate Two
1 point(s) per AUD$1
On spent at government bodies in Australia
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
Yes
Who is the product designed for?
The Target Market forthis credit card are consumers who:
- want to make purchases on credit with the ability to earn Membership Rewards points and access travel and insurance benefits
- 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 an annual fee of $395.
Visit American Express to view Target Market Determination Effective From: 2024-11-20.
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