American Express Business Accelerator Credit Card – Rates and Fees

Information verified correct on October 1st, 2016

Everyone can now have an American Express Business Accelerator Credit Card.

The American Express Business Accelerator credit card gives you up to 55 days of interest-free purchases, allowing you to enjoy major savings on purchases. The credit card also automatically enrolls you into the Membership Rewards Ascent Program which allows you to earn 2 rewards points for every dollar spent on purchases.

This is with the exclusion of certain purchases which give you half the rewards or 2 points per dollar. This credit card comes with a wide range of benefits and features as reviewed below.

Product NameAmerican Express Business Accelerator Credit Card
Rewards ProgramMembership Reward Ascent
Purchase rate (p.a.)20.74% p.a.
Annual fee$160 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Minimum Monthly Repayment2.5% or $30
Minimum Income$24,000
Card TypeAmerican Express
Late Payment Fee$30
Foreign Currency Conversion Fee (AMEX)3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$24,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Annual Fee$160 p.a.
Minimum Repayment2.5% or $30
Late Payment Fee$30
Over Limit Fee$30
Foreign Currency Conversion Fee (AMEX)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • This card has a 'best business card or money back guarantee' - so American Express must be confident about their product.
  • This card offers a good rewards program with rate of accrual. You will earn double the standard rate of accrual up to $150,000 spent per year and points will not expire as long as your account remains active and are not capped for the year. Membership rewards can also be used to pay off the balance of the card.
  • The minimum income requirement of only $24,000 per year provides open access to this card and it's features.

Cons

  • There is no balance transfer feature available with this card.
Rewards ProgramMembership Reward Ascent
Rewards Points per $ (VISA/MC)0
Rewards Points per $ (AMEX)2
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) Cap100,000
Points ExpiryNever

American Express Business Accelerator Credit Card review

For an annual fee of $160, the American Express Business Accelerator credit card gives you access to an interest-free period on purchases for up to 55 days.

You also get to benefit from the Membership Rewards Ascent program which offers rewards points for every dollar spent using this credit card and a host of exciting redeemable rewards.

The credit card has a wide array of features ranging from free supplementary cards to rewards that do not expire. You can compare these benefits and features against the fees applicable with the card to assess its full value.

Benefits of the American Express Business Accelerator Credit Card

  • Earn 2 rewards points for every $1 spent. You can earn 2 points with the Membership Rewards Ascent program for each dollar spent on purchases. Likewise, you gain 0.5 point per dollar with purchases on insurance products that are not offered by AMEX, and other Australian government bodies and utilities as well. You can accumulate as many rewards points as you wish as they do not expire. When you reach the 100,000 cap on rewards points, your earnings reduce by 50% to 1 point for every dollar spent. The categories above remain unaffected and you will continue to gain 0.5 point per $1.
  • Earn more rewards points with supplementary cards. If you have supplementary cards that are linked to your account, you get to earn more points and at a faster rate as your points are all awarded to the one rewards account.
  • Transfer points to two frequent flyers partner programs and 9 airline partners. You can transfer your rewards points to any of the airline rewards partners listed with the credit card or the two leading partner programs. Airline partners include:

Meanwhile, the frequent flyer programs include Hilton HHonors and Starwood Preferred Guest.

  • Emergency credit card replacement. American Express has a global office network which means that you can have your credit card replaced regardless of where you are in the world. Get in touch with the emergency card replacement customer service team from Australia or anywhere in the world.
  • 24-hour access to your account. You can access your account using your internet-enabled phone, a computer, or laptop any time or day.
  • Keep track of your credit card expenditure. You can easily manage your expenditure using this credit card by downloading your transaction details and statements. This can be done using Microsoft Excel, MYOB, and Quicken.
  • Online fraud protection guarantee. The American Express Business Accelerator credit card protects you against losses arising from unauthorised online transactions undertaken through your credit card. With the online fraud protection guarantee, the cardholder will not be held liable for any online fraudulent activities.
  • Manage your credit card with monthly statements. You can manage your credit card by accessing monthly statements of your expenses. Also provided is GST where applied. This helps you not only in monitoring your account; it also makes it easier for you to manage your expenses especially in preparation of tax season.
  • The credit card features Micro Chip And PIN technology for enhanced security. You have enhanced security with your credit card, thanks to the microchip feature which gives you additional fraud protection.
  • Eligible for Apple Pay. This allows you to use a compatible Apple device to make fast, secure, and convenient payments on your purchases with just one touch through Apple’s Touch ID technology. Learn more here.
  • Eligible for Samsung Pay. You can make purchases by simply tapping your qualifying Samsung device on a contactless terminal with the use of the Samsung Pay application. Learn more here.
  • Eligible for Android Pay. The American Express Business Accelerator Credit Card is eligible for the Android Pay feature, which allows cardholders to make contactless payments using their android device when shopping. Learn more here.

American Express Business Accelerator Credit Card features

  • Up to 55 interest-free days. Applicants of the credit card get to enjoy savings on their purchases with up to 55 interest-free days.
  • Supplementary card. You can get additional cards for your loved ones at no additional cost. All the cards are linked to your account.
  • Monthly statements. You can easily manage your account with monthly statements, and these include a breakdown of GST included with most transactions.
  • Microchip technology. The AMEX credit card features a micro chip which gives the cardholder extra security against fraud.
  • Membership Rewards Ascent program. You can earn 2 rewards points with this program for each dollar spent on certain purchases. When you reach the 100,000 points cap, the rewards points are 2 points per dollar spent. These rewards points do not expire.
  • Easy access to your account. You can easily access your AMEX account through your smartphone, laptop, or desktop computer.
  • Emergency card replacement. Your credit card can be replaced fast regardless of where you are. AMEX has a global network which makes it possible for you to acquire an emergency replacement of your credit card anywhere in Australia and abroad.
  • Online fraud protection guarantee. If your credit card is used to perform unauthorised online transactions, you will not be held responsible for the losses.
  • Download statements. You can download your monthly statements using Microsoft Excel, MYOB and Quicken.

How to apply for the American Express Business Accelerator credit card

Eligibility criteria

To be eligible for this credit card, you must meet the following requirements:

  • You must be 18 years of age or older
  • You must be a permanent resident or Australian citizen
  • Your annual income (pre-tax) must be no less than $24,000
  • You must have a good credit history

Required information

If you meet the above requirements, prepare the following information for your application:

  • Your contact information such as your personal home and mobile numbers, driver’s licence and others will be required with your application.
  • You will be required to provide information such as your annual income, etc.

To apply for this credit, you must be a company director or sole trader. Other business entities applying for this credit card will need to refer to a specialist.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

2 Responses to American Express Business Accelerator Credit Card – Rates and Fees

  1. Default Gravatar
    Wolftalker | March 20, 2015

    A Platinum card with no points cap, and no points expire – any contenders?

    • Staff
      Jonathan | March 20, 2015

      Hi Wolftalker, thanks for your inquiry.

      Typically Platinum credit cards offer uncapped points and no points expiry. For a list of these cards please see this page.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback