Credit Card Compare

American Express Platinum Edge Credit Card

18 reviews
23.99%
Purchase rate
$0
Annual fee
55 days
Interest-free

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American Express Platinum Edge Credit Card card
60 second approval
You may have seen us in
The Sydney Morning HeraldNews.com.auYahoo! FinanceDaily Mail Australia

CardIQ

36Basic

Basic

Overall score, out of 100 · How this works

  • 55 days interest-free41
  • Airport lounge37
  • Frequent flyer31
  • No annual fee39
  • Rewards32
  • Travel42
  • Velocity Points31

Customer reviews

4.2

Based on 18 reviews

Reviewers kept coming back to rewards and fees.

MRecommends

Perhaps best rewards card on the market

You earn a point per dollar, and that doubles at petrol stations (surely an average driver uses $50 or more a week) and triples when you do your groceries. Add occasional AmEx offers, plus a travel credit that offsets the annual fee. So good.

MarkRecommends

Exceptional service

I find the AmEx Card very good and I’m able to use it almost anywhere. Whenever I have had any issues the phone call centre is exceptional ( yes, exceptional). I use several credit cards and none match the AmEx service. Interest rates are high but comparable to other brands.…

ValerieRecommends

Flight benefit changed, so unsure going forward

I’ve had my American Express Platinum Edge card for about four years and it has been great until recently, when they decided to replace the free return domestic flight with a $200 travel credit. I don’t know if it is worth it any more, given that the travel credit expires within…

ErinDoesn't recommend

Good credit card but I won't be renewing it

I’ve had my credit card for five years and enjoyed the “free” domestic Virgin flight that my annual fee helped pay for. Now the $199 annual fee only gets you a $200 travel credit that you can use through the AmEx travel agency. It’s a shame that the prices of the travel agency…

SugiartoRecommends

Benefits offset the annual fee

This is one of the top credit cards I’m using right now. i applied for this credit card because I heard about the benefits from lots of my friends. Benefits such as: credit statement, promotions, good customer serviceEven though American Express comes with a high annual fee, all…

JamesRecommends

Good value credit card, hopefully nothing changes

The card has good points earning, good added bonuses of travel insurance and a free domestic return flight each year (which offsets the annual fee). AmEx regularly hold promotions to get cash back on purchases, which acts as an added bonus.There’s a good mobile phone app and…

MatRecommends

Good rewards easily offset the annual fee

For a $195 annual fee I got an included return flight from Melbourne to Sydney and accrued enough points for two return business class flights from Melbourne to the Gold Coast, saving over $2500. A very handy card to have with excellent points accrual potential on groceries and…

MichaelRecommends

Best credit card on the market

This is the best credit card, as it has a triple points offer, a free flight within Australia and excellent limit and services. It has a 24/7 concierge and can book your flights. Once I was on a trip and I accidentally lost my passport, but had it covered under insurance because…

BevanRecommends

Good card, but I'd prefer wider acceptance

Good card, but it would be better if more widely accepted. I use it most of the time, but there is a problem sometimes with not being able to get cash advances. I carry it all the time. Great rewards etc with points. I would upgrade to a higher card if i could. More credit is…

TonyRecommends

A good card to have

Low fee vs good reward, it is a good card to have. Not like other cards that offer free air tickets, this American Express premium credit card has very acceptable annual credit card fee. You will able to get your money back from the air ticket alone, plus then you receive your…

Pros & cons

What's good

  • No annual fee.
  • Complimentary airport lounge access (2 visits a year).
  • Complimentary travel insurance and purchase protection.
  • Points transfer to 13 rewards programs, including Accor Live Limitless (ALL), Air New Zealand Airpoints and British Airways Club.
  • Earns 1 point per $1 on ATO and government payments, the same rate as everyday spend.

Worth noting

  • The annual fee increases from $0 to $195 in the second year.
  • The 23.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
  • Earns 1 point per $1 on everyday spend, around the dataset average.
  • 3.5% foreign transaction fee on overseas spending, at the high end of the market.

Card details

The basics

Additional cardholder fee
$0 p.a.
Card tier
Platinum
Card type
American Express
Card use
Personal
Credit limit
$3,000 – $100,000
Credit rating
Good
Rewards program
American Express Membership Rewards

Eligibility

Instant approval
Yes (response in ~60 seconds)
Joint application
No
Minimum age
18 years old
Minimum income
Not specified
Residency
Australian citizen or permanent resident
Temporary residents
Eligible

Rates & fees

Ongoing interest rates

Cash advances
23.99% p.a.
Purchases
23.99% p.a.

Fees

Additional cardholder fee
$0
Annual fee
No annual fee
Annual fee (year 2+)
$195 p.a.
Cash advance fee
Foreign transaction fee
3.5%
Late payment fee
$30

Repayments

Interest-free period
Up to 55 days on purchases
Minimum repayment
2.5% of the closing balance or $30, whichever is greater

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
1 pt per $1
Bonus categories
None
Other purchases
None
Overseas spend
None
ATO/government
1 pt per $1 on ATO and government payments
Reduced rate above monthly cap
None
Points cap
Uncapped
Points expiry
Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required
Sign-up bonus

Transfer partners

Accor Live Limitless (ALL)
5 pts → 1 pt (≈ 0.2 pts per $1)
Air New Zealand Airpoints
200 pts → 1 pt (≈ 1 pt per $200)
British Airways Club
3 pts → 1 pt (≈ 0.33 pts per $1)
Cathay (Asia Miles)
3 pts → 1 pt (≈ 0.33 pts per $1)
Emirates Skywards
4 pts → 1 pt (≈ 0.25 pts per $1)
Everyday Rewards
5 pts → 4 pts (≈ 0.8 pts per $1)
Hilton Honors
2 pts → 1 pt (≈ 0.5 pts per $1)
Malaysia Airlines Enrich
3 pts → 1 pt (≈ 0.33 pts per $1)
Marriott Bonvoy
3 pts → 2 pts (≈ 0.67 pts per $1)
Qatar Airways Privilege Club
3 pts → 1 pt (≈ 0.33 pts per $1)
Singapore Airlines KrisFlyer
3 pts → 1 pt (≈ 0.33 pts per $1)
Velocity Frequent Flyer
2 pts → 1 pt (≈ 0.5 pts per $1)
Virgin Atlantic Flying Club
3 pts → 1 pt (≈ 0.33 pts per $1)

Where these points could take you

Auckland
Flying Virgin Australia non-stop, using transferred Velocity points. Economy 17,900 pts.

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation
Prepay part of the trip on the card
Age limit
79 years
Cover limit
$2,500,000
Excess
$250
Maximum trip length
180 days
Not covered
Pre-existing conditions, unless the insurer agrees in writing

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Interest-free days55 daysTop 10% (6th of 192 cards)
Rewards value$360 a yearBetter than most (26th of 95 cards)
Annual fee$195 a yearNot as good as most cards (149th of 200 cards)
Overseas fee3.50%Not as good as most cards (152nd of 200 cards)
Purchase rate23.99%Among the weakest we track (181st of 196 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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