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
40,000 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 for this Credit Card are consumers who:
- want to make purchases on credit with the ability to earn 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: 2024-11-20.
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