Connecting to better
American Express Explorer Credit Card
Bonus Point
Interest Rates
75000
23.99
Reward Point
2
Annual fee
$395
Pros.
75,000 Membership Rewards Bonus Points
$400 annual travel credit
2 complimentary airport lounge passes each year
Cons.
The ongoing purchase interest rate of 23.99% p.a. is relatively high.
The $395 annual fee may be considered steep if you don't fully utilize the travel benefits.
The American Express Explorer Credit Card stands out as one of the few cards offering an annual travel credit, providing $400 towards an Australian or international trip booked through American Express Travel. By using this travel credit every year, you can easily justify the card's $395 annual fee. The bonus points further enhance the value and offer potential savings, with the option to transfer them to over 10 major airline partners, including Virgin Australia Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Emirates Skywards, and Air New Zealand Airpoints. Alternatively, you can redeem the points for various other rewards through Membership Rewards.
While the $395 annual fee is on the higher side, it can be fully offset if you take advantage of the complimentary $400 travel credit each year.
Details
Product Details
Product Name
American Express Explorer Credit Card
Balance transfer rate p.a.
N/A
Balance transfer limit
N/A
Purchase rate p.a.
23.99
Interest-free days
Up to 55 dayson purchases
Cash advance rate p.a.
N/A
Min credit limit
$3,000
Card type
Fees & Charges
Annual fee
$395
Minimum monthly repayment
N/A
Late payment fee
$30
Foreign currency conversion fee
3%
Cash advance fee
N/A
Overseas cash advance fee
N/A
Additional cardholder fee
$0
Number of additional cardholders
4
Eligibility
Available to temporary residents
Yes with conditions
Minimum income
N/A
Joint application
No
Rewards
Rewards program
2
Bonus points
75000
Rewards points per $ spent
2
Rewards points cap
75,000
How to Apply
You can apply for the American Express Explorer Credit Card online in just 10 minutes and receive a response within 60 seconds. Before you begin, make sure you meet the eligibility requirements and have the necessary details ready for the application:
Eligibility Criteria
New Amex Cardholder: To qualify for the 75,000 bonus points, you must not currently hold or have held any American Express card issued by American Express Australia Limited in the past 18 months.
Credit History: You need a good credit score, with no history of bad debt or payment defaults. If you're unsure of your credit score or what's on your file, you can request a free copy of your credit report via Finder.
Residency: You must be an Australian citizen, permanent resident, or hold a valid long-term visa (12 months or more). Student visas are not eligible.
Age: You must be at least 18 years old.
Required Documents
Personal Information: You'll need to provide your full name, date of birth, contact details, and address.
Identification: You may be asked to provide proof of identity, such as your driver's license or birth certificate.
Employment Details: This includes information about your current employer and their contact details.
Card benefits
You can apply for the American Express Explorer Credit Card online in just 10 minutes and receive a response within 60 seconds. Before you begin, make sure you meet the eligibility requirements and have the necessary details ready for the application:
Eligibility Criteria
New Amex Cardholder: To qualify for the 75,000 bonus points, you must not currently hold or have held any American Express card issued by American Express Australia Limited in the past 18 months.
Credit History: You need a good credit score, with no history of bad debt or payment defaults. If you're unsure of your credit score or what's on your file, you can request a free copy of your credit report via Finder.
Residency: You must be an Australian citizen, permanent resident, or hold a valid long-term visa (12 months or more). Student visas are not eligible.
Age: You must be at least 18 years old.
Required Documents
Personal Information: You'll need to provide your full name, date of birth, contact details, and address.
Identification: You may be asked to provide proof of identity, such as your driver's license or birth certificate.
Employment Details: This includes information about your current employer and their contact details.
Rates & fees
Annual Fee: The $395 annual fee for the American Express Explorer Credit Card is fully offset by the $400 Travel Credit when redeemed.
Interest Rate: Purchases are subject to an interest rate of 23.99% p.a.
Interest-Free Days: You can enjoy up to 55 interest-free days on purchases each statement period, provided you pay your balance in full by the due date, which can help minimize interest costs.
Foreign Transaction Fee: A 3% fee will apply to transactions made overseas or with international retailers online.
Additional Cards: You can request up to 4 additional cards at no extra cost, helping you earn points faster. The additional cardholder must be at least 18 years old, and you will be responsible for all charges and spending on the account.