American Express Platinum Edge Credit Card

A competitive rewards card offering 50,000 bonus points, a $0 first-year annual fee and a yearly $200 Travel Credit.

The Amex Platinum Edge gives you a way to get more value from your spending, starting with 50,000 bonus Membership Rewards Points if you’re a new card member. To collect these points, you need to apply by 19 October 2021 and spend $1,500 on eligible purchases in the first 3 months from card approval. You’ll also earn between 1 and 3 points per $1 spent, uncapped.

This card’s other perks include complimentary travel insurance and $200 Travel Credit each year that you can redeem for flights, accommodation and more. You can use the travel credit to completely offset the $195 annual fee – although you’ll save on that cost in the first year with this offer anyway.

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Amy Bradney-George

Last Updated Feb 25, 2021

50,000

Bonus points

20.74% p.a.

Purchase rate

Reward point

Per $ spent

$0 p.a.

Annual fee

for the first year ($195 p.a. thereafter)

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Details

Product Name	American Express Platinum Edge Credit Card
Rewards program	Membership Rewards
Purchase rate	20.74% p.a.
Annual fee	$0 annual fee for the first year ($195 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Min credit limit	$3,000
Max credit limit	$50,000
Card type	American Express
Foreign currency conversion fee	3%

Minimum income	$50,000
Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

50,000 bonus points
$200 Travel Credit per year
$0 first-year annual fee ($195 p.a. thereafter)
Up to 3 points per $1 spent, uncapped
Complimentary insurances on overseas travel and purchases

Cons

Charges a foreign transaction fee of 3%
The standard purchase rate of 20.74% p.a. is relatively high

Rewards program	Membership Rewards
Bonus points	50,000
Rewards points per $ spent	1
Rewards points cap	Uncapped

Annual fee	$0 annual fee for the first year ($195 p.a. thereafter)
Minimum monthly repayment	2.5% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3%
Additional cardholder fee	$0
Number of additional cardholders	4

Go to American Express's site More info

Review by

Amy Bradney-George

[email protected]

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The American Express Platinum Edge credit card currently gives you both bonus points and no annual fee in the first year. To give you an idea of the value of the 50,000 bonus points, you could use them for $250 worth of shopping at David Jones, with 20,000 points worth $100.

This card is linked with the Membership Rewards program and has a high earn rate of 3 points per $1 spent at major petrol stations and supermarkets – including Coles and Woolworths. It also earns 2 points per $1 overseas and 1 point per $1 on other eligible spending, including government transactions (such as ATO bills). After the first year, it charges an $195 annual fee, but you can offset this by using the $200 Amex Travel credit you’ll receive each year.

How to apply

You can apply for the American Express Platinum Edge Credit card online in 10 minutes and should receive a response within 60 seconds. Before you start the application, make sure you've met the eligibility requirements and organised the necessary documents.

Eligibility criteria

New cardholder. To be eligible for the bonus points offer and $0 annual fee in the first year, you must apply for a new card and cannot hold or have held an American Express credit card in the last 18 months.
Income. You must have a personal gross income of $50,000 or more per year.

Residency. You must be an Australian citizen, permanent resident or holder of a current long term visa (12 months or more, not including student visas) to be eligible to apply.
Credit history. You must have no history of bad debt or payment defaults. If you don't know your credit score or what's on your file, you can get a free copy of your credit report through Finder.
Age. You must be at least 18 years of age.

Required documents

Personal information. Such as your full name, contact details and driver's licence number.
Employment information. Including your position, length of employment, salary and your employer's contact details.
Financial information. This includes your annual salary and any investments such as shares or savings. You'll also need to provide information regarding any existing debts and ongoing financial responsibilities such as rent, mortgages, bill payments or other household expenses.

Go to American Express's site More info

Card benefits

Bonus points. When you apply by 19 October 2021, are approved and spend $1,500 on eligible purchases within the first 3 of card membership, you will earn a bonus 50,000 Membership Rewards Points. Your bonus points will be awarded to your account within 8 to 10 weeks of meeting the spend criteria.
$200 Travel Credit. The American Express Platinum Edge offers a $200 Travel Credit every year. You can redeem it against any single eligible travel booking of $200 or more through American Express Travel, including flights, accommodation, car hire and activities. The travel credit can be used for 365 days from the date of issue. But it cannot be carried forward and can only be used once you've paid the annual fee and minimum payment by the due date.

First-year annual fee waiver. Save with a $0 annual fee for the first year ($195 p.a. thereafter). This offer is only available when you apply online by 19 October 2021.
Points per $1 spent. You will earn 3 Membership Rewards points per $1 spent on purchases at major supermarkets (including Coles and Woolworths) and petrol stations, 2 points per $1 spent in foreign currency overseas and online, and 1 point per $1 spent on most other purchases including government, utilities and insurance spending.
Rewards. The Membership Rewards Ascent Program provides a range of ways for you to use your points on shopping or travel rewards, with options including merchandise, cashback, gift cards and travel bookings. You can also transfer your Membership Rewards points to frequent flyer programs including Velocity Frequent Flyer, Singapore Airlines KrisFlyer and Asia Miles. For the transfer rates read our full guide on transferring rewards points to frequent flyer.
Complimentary travel insurance. When you pay for travel on your card, you can take advantage of complimentary travel insurances. You receive overseas medical emergency expenses cover up to $2,500,000, travel cancellation cover up to $10,000, personal liability cover up to $1,000,000, as well as baggage, money and documentation cover up to $10,000. The travel inconvenience policy may also cover your missed connections, flight and luggage delays.
Purchase insurances. This card offers purchase protection for stolen or broken items, refund protection insurance and extended warranty coverage through the "Buyer's Advantage" program.
Smartphone screen insurance. You'll receive up to $500 for screen repairs if you accidentally break your smartphone screen. A 10% excess applies per claim with a maximum of 2 claims every 12 months.
Card security. American Express provides fraud-monitoring services and an Online Fraud Protection Guarantee so you won't be held responsible for unauthorised charges that are detected and reported immediately. It also offers a 24/7 Global Card Support service.
Mobile payment compatibility. Eligible for use with the Apple Pay, Google Pay and Samsung Pay wallets, so you can make contactless payments with your smartphone or device.

Rates & fees

Annual fee. Outside of any promotions, the American Express Platinum Edge Credit Card has an annual fee of $195.
Interest rate. This card has an ongoing purchase rate of 20.74% p.a.

Interest-free days. This card offers up to 55 days interest-free on purchases if you pay your balance off in full by the due date on your statement.
Currency conversion fee. You'll be charged 3% for every transaction made overseas or in a foreign currency online.
Free additional cards. Customers can get up to 4 additional cards with $0 annual fees.

Go to American Express's site More info

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205 Comments

Barbra
March 19, 2018

Can I use my American Express Platinum Edge Credit Card to access the Amex Lounges at Sydney an Melbourne Airports?

finder Customer Care

Jeni
March 19, 2018

Hi Barbra,

Thank you for getting in touch with Finder.

The American Express Lounge is open to select American Express cardholders, including some bank-issued Amex cards. On this page, it only indicates that your card has the complimentary travel insurance but not the airport lounge pass. You may want to check on some information about the American Express Lounge in Sydney.

I hope this helps.

Have a great day!

Cheers,
Jeni

Azra
March 16, 2018

What is the expiry date of this offer?

finder Customer Care

Dee
March 16, 2018

Hi Azra,

Thanks for your question.

The American Express Platinum Edge Credit Card offer has no stated end date but is subject to change any time.

Cheers,
Anndy

Krish
March 14, 2018

Hi,
I came to this page from the Exclusive Offers page https://www.finder.com.au/exclusive-offers that says ‘50,000 Rewards points Plus a $200 travel credit each year’, however, I can’t find any indication of the 50,000 Rewards points on this page. I don’t see it in the Amex website as well after clicking through ‘Go to American Express’ website’. Is the offer still valid?

Thanks,
Krishnan

finder Customer Care

Jeni
March 14, 2018

Hi Krishnan,
Thanks for getting in touch with finder. I can understand that you have been reading about this exclusive offer and you want to find out more on the “50,000 Reward points and $200 travel credit each year” from American Express. Upon checking, YES this offer is still valid and new American Express Platinum Edge Credit Card cardholders are entitled to $200 Travel Credit every year, complimentary travel insurance and uncapped Membership Rewards points for the spending. You may also refer to this link https://www.finder.com.au/american-express-platinum-edge-credit-card for your further enquiry.

I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

Have a wonderful day!

Cheers,
Jeni

Norm
November 8, 2016

What is the minimum spend for complimentary Virgin Australia domestic return flight – Platinum Edge Credit Card

finder Customer Care

May
November 8, 2016

Hi Norm,

Thank you for your inquiry.

To be eligible for the travel insurance, you must book the full fare for a return trip on your American Express credit card or by using reward points earned through the card like AMEX Membership Rewards or Qantas Frequent Flyer points.

On some other cards like the AMEX Platinum charge card, you can also claim insurance if you have booked a trip using other rewards points, as long as you pay for taxes and other additional fees using your AMEX card.

Please feel free to read our review about AMEX complimentary travel insurance to further check the other eligibility requirements of this product.

Hope this helps.

Cheers,
May

Allan
August 28, 2016

does the travel insurance on this card offer much in the way of pre-existing medical condition cover please ?

finder Customer Care

May
August 29, 2016

Hi Allan,

Thank you for your inquiry. Just to confirm though that you’ve come through to finder.com.au we are an Australian financial comparison website and general information service, not actually AMEX nor ACE Insurance.

Under the AMEX Platinum Edge Card complimentary travel insurance T&Cs, the international travel insurance cover includes “Medical Emergency Expenses Cover” for repatriation/evacuation, cost of overseas treatment, emergency dental treatment and reasonable extra accommodation costs in the event of a Medical Emergency. However, this excludes “Pre-Existing Medical Conditions.”

I’ve sent you an email with the link to the AMEX Platinum Edge Card complimentary travel insurance T&Cs for your reference.

Hope this helps.

Cheers,
May

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American Express Platinum Edge Credit Card