American Express Platinum Edge Credit Card – Rates and Fees

Information verified correct on October 1st, 2016
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Receive a complimentary Virgin Australia domestic return flight each year and 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement.

Receive 10,000 Membership Rewards Bonus Points if you apply and spend $750 on your card within the first 3 months from card approval. Earn up to 3 points per $1 spent on purchases at major Supermarkets (including Coles and Woolworths), earn up to 2 points per $1 spent at major petrol stations, and earn 1 point for every dollar spent on all other purchases. You can also look forward to 0% p.a. on balance transfers for 12 months.

Furthermore, you can enjoy a complimentary Virgin Australia domestic return flight for each membership year to selected destinations.

Product NameAmerican Express Platinum Edge Credit Card
Rewards ProgramMembership Rewards
Balance transfer rate (p.a.)0% p.a. for 12 months with 1% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (20.74% p.a.)
Balance Transfer Limit70% of available credit limit
Purchase rate (p.a.)20.74% p.a.
Annual fee$195 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
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$3,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Minimum Monthly Repayment2.5% or $30
Minimum Income$50,000
Card TypeAmerican Express
Late Payment Fee$30
Foreign Currency Conversion Fee (AMEX)3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$50,000
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
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$3,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Annual Fee$195 p.a.
Minimum Repayment2.5% or $30
Late Payment Fee$30
Over Limit Fee$15
Cash Advance Fee$2.50 or 2% of the cash advance amount, whichever is greater
Overseas Emergency Replacement$0
Foreign Currency Conversion Fee (AMEX)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • This card has a tiered rewards program. Earn the maximum amount of points in a situation where you would be spending money anyway.
  • Platinum card holders get complimentary membership to the Ascent Rewards program valued at $80.
  • Card holders get a free flight every year with Virgin Australia.
  • This card comes with an introductory balance transfer offer of 0% p.a. for 12 months.

Cons

  • This card has a minimum income requirement of $50,000 per year, so this isn't for everyone.
Rewards ProgramMembership Rewards
Bonus Points on Sign-up10,000
Rewards Points per $ (VISA/MC)0
Rewards Points per $ (AMEX)1
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

American Express Platinum Edge Credit Card review

The American Express Platinum Edge Credit Card offers a number of platinum features and benefits for cardholders. Such features include complimentary travel insurance, free return ticket for domestic flight and other benefits such as travel cancellation cover, baggage cover, purchase protection, refund protection, online fraud protection guarantee to offer a mix range of extra benefits while shopping.

If you’re a frequent traveller who spends regularly using their credit card, then this card could be an ideal companion for you. The card also offers a competitive annual fee of $195.

Benefits of using an American Express Platinum Edge Credit Card

  • Bonus points. New customers who apply, get approved, and spend $750 using their American Express Platinum Edge Card in the first 3 months of card approval are eligible to receive 10,000 Membership Rewards Bonus Points. The bonus points will be credited to their accounts 8-10 weeks after the spend criteria has been met.
  • Annual fee. This platinum card attracts an annual fee of $195.
  • Complimentary domestic return flight every year. With an American Express Platinum Edge Credit Card, you will receive a complimentary return domestic flight every membership year. The complimentary flight is offered on selected destinations with Virgin Australia. (Note: these flights are not valid for Virgin Australia partner airlines or any codeshare flights)
  • Complimentary insurances. When you pay for travel on your card, you will receive a range 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 $10,000, as well as baggage, money and documentation cover up to $10,000. Travel inconvenience cover may also cover your missed connections, flight and luggage delays.
  • Rewards program. The Membership Rewards Ascent Program is the American Express reward program. You can use your points on shopping or travel rewards. The rewards program is linked to leading airline partner programs including Virgin Australia Velocity, Emirate Skywards, Etihad Guest and Air New Zealand Airpoints. You can also book and pay with your earned points on Webjet, Travelscene and Harvey World Travel.
  • Transfer your rewards points for flights. Transfer your Membership Rewards Points to Virgin Australia Velocity Frequent Flyer, Emirates Skywards, Etihad Guest, Virgin Atlantic Flying Club, Singapore Airlines KrisFlyer, Air New Zealand Airpoints, THAI Royal Orchid Plus, Malaysia Airlines Enrich and Cathay Pacific Asia Miles.
    For the transfer rates read our full guide on transferring rewards points to frequent flyer.
  • World class service. American Express offers you the luxury of accessing your account all over the world. You can manage your account online with ease and you get access to Platinum Priority Services where you can receive assistance when you need it.
  • Free supplementary cards. Customers can get up to 4 supplementary cards at no additional annual fees.
  • Eligible for use with Apple Pay. Benefit from easier, more secure and convenient payments when you use the Touch ID feature in stores or within participating apps. To find out more about Apple Pay and how to use it, read more here.
  • Android Pay eligibility. If you add your American Express Platinum Edge Credit Card to Android Pay, you can easily make contactless payments using your android device whenever you shop. Learn more here.
  • Tap to pay with Samsung Pay. Using a compatible Samsung device and an eligible American Express Card, you can enjoy a safer and simpler way to make mobile payments.

American Express Platinum Edge Credit Card features

  • Balance transfer. The American Express Platinum Edge Credit Card has a balance transfer rate of 0% p.a. for 12 months. Also, a one-off fee of 1% applies to the entire balance transfer amount for the establishment of a credit plan. There is a maximum balance transfer amount of $10,000 or 70% of your approved credit limit, whichever is less.
  • Rewards program. This credit card is linked to a comprehensive rewards program. You will receive complimentary enrollment in the Membership Rewards Ascent Program valued at $80. When you make purchases at a major supermarket (Coles, Woolworths, Bi-Lo, Safeway, IGA, Fishers, Fresh Provisions, Food for Less, Supabarn and Macro Wholefood), you will earn 3 Membership Rewards Points per dollar spent. You will earn 2 points for every dollar spent at major petrol stations (BP, Shell, Caltex, Woolworths, 7 Eleven, Safeway Petrol and Peak & Gull). You will also earn 1 point for every dollar spent on all other purchases, however, this excludes utilities, telecommunications, insurance and Government bodies, where you earn 0.5 point per dollar spent.
  • Card security. You can have the peace of mind knowing your credit card and your money is safe and secure. American Express cards have fraud protection systems where you are protected against fraudulent purchases on your card. You can also receive a backup travel card so you feel safe in knowing you can easily get access to a new card when travelling if something goes astray. You are also protected with the Online Fraud Protection Guarantee, this protects you against any unauthorised purchases online.

How to apply for the American Express Platinum Edge Credit Card

If the American Express Platinum Edge Credit Card sounds like it’s right for you, applying online is easy. Apply for it today by completing the secure online application, where you will need to fill out your details and wait for the approval for your card. Before you start applying, ensure you meet the following eligibility requirements.

Eligibility criteria

  • Be at least 18 years of age
  • Be an Australian citizen or permanent resident or hold a Business Long Stay Visa
  • Have a personal gross income of more than $50,000 p.a.
  • Have a good credit history
  • If you’re self employed, you need to have been trading for at least 18 months or 12 months if you own an existing American Express Card

Required documents

  • Contact details
  • Income information
  • Drivers license

After you have compared the range of credit cards available, if the American Express Platinum Edge Credit Card sounds like the credit card you have been looking for, don’t miss out and apply online today.

American Express Platinum Edge Credit Card has benefits and features which are customised to make it attractive for customers with higher expense bill and frequent travellers. The reward programs allow earning up to $50,000 points for every dollar spent and has the ability to add points on basic expenses like utilities and insurance. The travel insurance cover is very comprehensive providing medical emergency cover, travel cancellation cover, baggage cover and more.

Frequently Asked Questions

How do I book the complimentary domestic return flight?

To redeem the complimentary flight on your card please call 1800 059 388 (in Australia) or +61 2 92714011 (overseas) and push option 2 and a representative will book the flight for you over the phone. This service is available between 9am till 6pm Monday to Friday AEST.

Would I be able to earn reward points on overseas purchases?

Reward points can be earned as long as the purchases meet the criteria of American Express. These points will be added to Membership Rewards points.

Is there any cancellation fees which I need to pay if I want to cancel the card?

This card does not have any cancellation fees. There is no minimum term for this card which means that customers can cancel the card once their balance is paid off. Further details on how to cancel the card can be found here.

I am going on an overseas cruise vacation. Will I be covered by the travel insurance provided by this card?

You will be covered as long as you meet the eligibility requirements and the purchases are made through this card.

What kind of flights and destination are free in the complimentary free return ticket on this card?

Customers can get one complimentary return ticket within Australia every year through Virgin Australia. These flights must be non-stop economy class. The exact locations available through these flights can be found on the American Express website.

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197 Responses to American Express Platinum Edge Credit Card – Rates and Fees

  1. Default Gravatar
    Allan | August 28, 2016

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

    • Staff
      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

  2. Default Gravatar
    Ash | August 18, 2016

    Hi, I applied for the card and asked amex about 30k bonus point they said they don’t know anything about it as there website says 10k bonus points only . pls help as this is not fair

    • Staff
      Anndy | August 19, 2016

      Hi Ash,

      Thanks for your question.

      The 30,000 Membership Rewards Bonus Points offer is exclusive for finder.com.au only. You can receive these points if you apply for American Express Platinum Edge Credit Card through our “Go to site” button above and spend more than $750 on your card within the first two months from card approval.

      Cheers,
      Anndy

  3. Default Gravatar
    X | July 17, 2016

    Hi How do I apply for this and be eligible for the exclusive offer via finder.com.au?

    • Staff
      Ysa | July 18, 2016

      Hi X,

      Thanks for your question.

      If you would like to apply for this exclusive offer, you can click on the green “Go to Site” button to begin your application. You may also wish to check the eligibility criteria and required documents first before making an application to this credit card.

      Please also note that the exclusive offers presented on this page are only available to applicants who apply for the American Express Platinum Edge credit card through finder.com.au before 31 August 2016.

      I hope this helps.

      Cheers,
      Ysa

    • Default Gravatar
      NH | August 8, 2016

      The link to “Go To Site” looks to be broken to apply.

    • Staff
      May | August 9, 2016

      Hi NH,

      Thanks for your inquiry.

      I have tried clicking the ‘Go to site’ button above and also the “apply now” button on AMEX website without a problem. Maybe clearing your cache and cookies would help.

      Cheers,
      May

  4. Default Gravatar
    Ted | May 4, 2016

    With regards to the free flight and the annual fee for the card. I understand the first year there is no annual fee. Can I book my free flight in the first year or do I have to wait for the first year to tick over, and have to pay my CC fee for the second year ($195) before I can book my ‘free’ flight?

    • Staff
      May | May 4, 2016

      Hi Ted,

      Thanks for your inquiry.

      As stated in the American Express Platinum Edge card T&Cs, to qualify for a flight, you must have paid the Minimum Amount on your first and most recent Platinum Edge Credit Card statements by the due date and have maintained your account with American Express in good standing. So, that means you can claim your free flight in your first year.

      For further information and for your reference, I’ve sent to your email the AMEX Platinum Edge T&C link.

      I hope this has helped and has answered your question.

      Cheers,
      May

    • Default Gravatar
      Felicity | July 25, 2016

      Hi, can you confirm that there is no annual fee the first year ? This was the deal I was told about when I enquired earlier. Thanks

    • Staff
      May | July 26, 2016

      Hi Felicity,

      Thanks for your inquiry.

      At the moment, for American Express Platinum Edge Credit Card, the annual fee of $195 p.a. is actually not free for the first year. The promotion for this card is you’ll receive an exclusive offer of 30,000 Membership Rewards Bonus Points if you apply through finder.com.au and spend more than $750 on your card within the first two months.

      Cheers,
      May

  5. Default Gravatar
    John | February 2, 2016

    Can you acquire Qantas FF points if you pay tax bills at the ATO with this card? If so, what is the points per dollar?

    • Staff
      Sally | February 3, 2016

      Hi John,

      The American Express Platinum Edge credit card doesn’t earn Qantas Frequent Flyer points. Instead, you’ll earn Membership Rewards which you can then transfer to up to nine different frequent flyer programs (though Qantas is not one of them).

      If you use your AMEX Platinum Edge credit card for ATO payments, you’ll earn 0.5 Membership Rewards per $1 spent.

      I hope this has helped.

      Cheers,

      Sally

  6. Default Gravatar
    Brad | January 8, 2016

    Hi there,

    What’s stopping me from just getting the card, getting the free flight without actually spending any money on it, then cancelling the card? Will I get a bad credit rating?

    Kind regards,
    Brad

    • Staff
      Debbie | January 12, 2016

      Hi Brad,

      Thanks for your inquiry.
      Please note that you’ve come through finder.com.au, an online comparison service and we’re not in the position to provide any financial advice.

      As long as you remain a Platinum Edge card member, you will be receiving a Virgin Australia domestic economy return flight once you reached your anniversary year.

      Please refer to this page for the list of available flight destinations offered by American Express.

      I hope this helps.

      Cheers,
      Debbie

    • Default Gravatar
      | January 12, 2016

      Thanks Debbie. So you need to be a member for one year until you can receive the flight?

      Cheers,
      Brad

    • Staff
      Debbie | January 12, 2016

      Yes Brad. That is correct.

  7. Default Gravatar
    Emily | October 30, 2015

    Hi – do you qualify for the complimentary Amex Airport Lounge Access with this card?

    • Staff
      Sally | October 30, 2015

      Hi Emily,

      Unfortunately, the American Express Platinum Edge card doesn’t offer complimentary airport lounge access.

      The Platinum card on the other hand offers cardholders a priority pass to access Virgin lounges and American Express lounges.

      I hope this has helped.

      Thanks,

      Sally

  8. Default Gravatar
    Murray | August 14, 2015

    If I get a American Express Platinum Edge Credit Card do the point go to my Velocity Points card with Virgin Australian

    • Staff
      Jonathan | August 14, 2015

      Hi Murray, thanks for your inquiry!

      American Express membership rewards points can be transferred to Velocity Frequent Flyer accounts. Please refer to the link I have sent to your email to transfer your points.

      Cheers,

      Jonathan

  9. Default Gravatar
    Sandra | July 29, 2015

    Hi there,
    I was wondering If I book my complimentary flight ( on my platinum card) , can I then change the date I fly ?

    • Staff
      Jonathan | July 30, 2015

      Hi Sandra, thanks for your inquiry!

      Unfortunately the complimentary flight dates are fixed and are unable to be amended after booking.

      Cheers,

      Jonathan

  10. Default Gravatar
    lin | July 24, 2015

    Please list the travel destinations of the comp trip on the Plat edge please. The page will not open up on your website.

    • Staff
      Jonathan | July 27, 2015

      Hi Lin, thanks for your inquiry!

      We apologise for the inconvenience for not being able to access the information of travel destinations. Please refer to this page for the available flight routes and terms and conditions of this offer.

      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.

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