American Express - The American Express Platinum Card
The American Express Platinum Card is a Charge Card, which means the balance must be paid off in full each month. There is no pre-set spending limit however, purchases are still subject to approval. It has a bonus 150,000 Membership Rewards Points once $5,000 is spent within 3 months on a new card. This card has a Rewards Points earn rate of 1 point per dollar spent at government bodies. It also earns 2.25 points per dollar spent elsewhere. Membership Rewards Point earning is uncapped no matter how much is spent every year.
A Charge Card, meaning the balance must be paid off in full each month.
Annual Fee
$1,450 per year
Interest Free Period
up to 44 days
Rewards Rate One
2.25 point(s) per AUD$1 On spent on all purchases, except government bodies in Australia
Rewards Rate Two
1 point(s) per AUD$1 On spent with 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 44
days
Fees
Annual Fee
$1,450
per year
Late Payment Fee
$20
per statement
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
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, Hotels or Car hire
Bonus
150,000 bonus points
Reward Rates
Rewards Rate One
2.25 point(s) per AUD$1
On spent on all purchases, except government bodies in Australia
Rewards Rate Two
1 point(s) per AUD$1
On spent with government bodies in Australia
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
Yes
Who is the product designed for?
The retail clients for whom this product has been designed are individuals who:
- want a flexible spending limit
- want to make purchases by deferring payment for a short time with no interest and are able to pay the balance in full each month
- want to have the ability to earn reward points and to access additional travel, lifestyle and insurance benefits
- are willing and able to pay an annual fee of $1450
Visit American Express to view Target Market Determination Effective From: 2024-05-20.
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