American Express Platinum Edge Credit Card

What do you want this card for?
Save money
Earn points
My rate: 
My annual fee: 
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Card features
balance transfer
purchase rate
annual fee
Money saved
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
Start your holiday with a $200 Travel Credit every year.
Range of travel insurances including overseas medical emergency expenses, travel cancellation cover and more.
Add to comparison
12 months
0% p.a.
then 20.74%
with a 1% fee
20.74% p.a.

Pros & cons

What's good?

What's not so good?

0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
Start your holiday with a $200 Travel Credit every year.
Range of travel insurances including overseas medical emergency expenses, travel cancellation cover and more.
Earn 3 Membership Rewards points per $1 spent at major supermarkets, 2 points at major petrol stations, and 1 point on all other purchases (exclusions apply).
Up to 55 days on purchases.
$195 p.a. annual fee.
The 1% balance transfer fee.

Our review

Our review of the American Express Platinum Edge Credit CardReviewed by Yvonne Taylor

The American Express Platinum Edge Credit Card truly does have an edge on many of its competitors, offering all the advantages of a platinum level card at a reasonable price. It’ll spark your interest if you’re keen to earn rewards points at a very fast rate and enjoy complimentary benefits which will enhance your travelling and shopping experiences.

Convert points to airline miles or hotel club rewards

One of the best features of the Ascent level of Amex Membership rewards is the ability to transfer points to a long list of airline and hotel loyalty programs, mostly on the basis of 1 Amex point = 1 airline mile or 1 hotel club point. Airline points partners include Virgin Australia, Virgin Atlantic, Emirates, Etihad, Singapore Airlines, Air New Zealand, Thai Airways, Malaysian Airlines and Cathay Pacific, but not Qantas, unfortunately. The hotel loyalty programs are Hilton Hhonors and Starwood Preferred Guest.

Great points earning potential

You can earn up to a satisfying (and uncapped) 3 points per $1 spent. Here’s how the tiered system, which benefits everyday spending, works:

  • 3 points per dollar at major supermarkets
  • 2 points per dollar at major petrol stations
  • 0.5 points per dollar when paying for utilities, insurance (except Amex insurance) and telecommunications, and for payments to government bodies in Australia, including the ATO (so you can earn points on your tax payments)
  • 1 point per dollar everywhere else

Free additional cardholders

If you make use of having free supplementary cards (up to four are available), you can earn points even faster by getting your family members to add to your reward earning potential.

$200 travel credit every year

If travelling is something you love to do (or do out of necessity for business), you’ll appreciate the annual $200 travel credit voucher redeemable through American Express Travel online.

Built-in insurance cover

Since this is a card aimed at travellers, holding and using the card gives you a range of free insurance cover as well, including:

  • Overseas medical emergency expenses cover up to $2,500,000 for you and your family
  • Unavoidable travel cancellation cover up to $10,000
  • Baggage, money and documentation cover up to $10,000
  • Personal liability cover up to $1,000,000
  • Travel inconvenience cover for flight delays (including domestic flights), missed connections or luggage delays
  • Transport accident cover for when you and your family travel on planes, trains, buses and ferries
  • Purchase protection cover, providing 90 days insurance against loss, theft or damage of items bought with the card
  • Buyer’s advantage cover, which provides up to one year’s additional warranty on items purchased with the card
  • Refund protection cover, where retailers refuse to accept return of an unused item within 90 days

Note that the overseas and domestic travel insurance policies are activated by using the card to purchase the full fare for the trip.

When you’re on the road, it’s reassuring to have access to a 24/7 customer service team that will go the extra mile for you. If you have questions regarding your account, would like to redeem a flight or report a lost or stolen card, Platinum Priority Service promise to take care of you.

Balance transfer if you need it

Transfer a balance of up to $10,000 or 70% of credit limit from another (non-Amex) card and pay no interest for twelve months. However, there is a 1% credit establishment fee, meaning that you would in fact have to repay $10,100. Revert rate at the end of 12 months.

Amex’s balance transfer calculator says that you would save over $1,807 by transferring a balance of $10,000 or 70% of credit limit from a card (or cards) with an interest rate of 20% p.a.

Be aware, though, that having an unpaid balance transfer makes you ineligible for the interest-free days on purchases (Up to 55 days on purchases), so you might want to use another card for your purchases during the first year if you do take the balance transfer option.

American Express Connect

A platinum card means a platinum lifestyle. As a cardholder, you’ll gain access to reserved event seating through American Express Invites and will be connected to overseas dining experiences through Taste From American Express Invites.

Perhaps more usefully, you’ll also be able to participate in American Express Connect, which has constantly updated offers for Amex cardholders to either make cash savings or receive special retail and travel privileges.

Fraud protection

Perhaps one of the most important aspects of any card is its security. You want to know you’re covered if things go wrong, and this is definitely the case with the Platinum Edge credit card. You’ll get the Amex online fraud protection guarantee as well as the wide-ranging insurance benefits, all adding up to peace of mind for the traveller.

Likely cardholder profile

You’d need to be a fairly big-spending regular traveller to get the most from this card, but you’ll certainly reap the rewards fairly quickly. The $200 travel credit and suite of insurance policies alone will justify the annual fee several times over (while being completely free in the first year), and there are so many ways to earn points at an elevated rate that points redemption should be a regular event.

User reviews

4.3 out of 5.0 based on 23 reviews96% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Exceptional card with great rewards

Reviewed and recommended by Rocky Bali on 08 Oct 2014

I have been using the AmEx Platinum Edge card for 9 years now and I think this is the best card available in the market. Their rewards programme is exceptional value, with a huge variety of products to choose from. Also the rates and fees are very competitive.

A good card to have

Reviewed and recommended by Tony on 10 Jul 2016

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 credit card benefits for free.

Happy with airline points

Reviewed and recommended by M. on 30 Jun 2016

I use this card to get airline points from grocery stores and petrol stations. It’s been pretty good so far, haven’t needed to call up for an issue so can’t really comment on the customer service. The only annoying thing is a lot of services don’t take Amex (or they charge a 2.5% surcharge) which you can potentially get a lot points on.

Fantastic card with awesome benefits

Reviewed and recommended by Ibrahim on 22 Nov 2016

This card has to be one of the best cards I have used. The card provides a fantastic facility for earning points for every dollar you spend as well as special offers (including specials, discounts and statement credits or cash back) for AmEx card holders.

The card also includes a free domestic return flight every year, which is fantastic.

Benefits offset the annual fee

Reviewed and recommended by Sugiarto on 07 Dec 2016

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 service

Even though American Express comes with a high annual fee, all the benefits I get offset the annual fee.

Exceptional service

Reviewed and recommended by Mark on 26 Apr 2017

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. They do have specials on interest from time to time, but be careful to pay it off before it reverts to the higher rate. I would recommend this company AmEx as a very safe and secure global credit card provider.

Fantastic card that earns you money and rewards

Reviewed and recommended by Jess on 05 Jul 2016

I love my Amex Platinum Edge. It comes with a free domestic flight with Virgin that makes the annual fee well worth it. The rewards scheme is fantastic. But i also love the frequent “cash back” offers which, if used strategically, can save you a lot of money. My AmEx makes me money in the end.

Pretty good deal!

Reviewed and recommended by Paul on 30 Jun 2016

I love this credit card. It’s just what I need – no fuss, lots of bonuses. It only took a couple of hours to get set up, I had the card in 2 business days, and I’ve never looked back! Another cool feature is AMEX 'Local Champion’, which means I get extra points for being a regular customer at participating stores. Definitely recommend this card to all my friends and family.

Insurance cover is good

Reviewed and recommended by Colin on 20 Sep 2016

I find the fact that I have cover via my Insurance policy with my Amex Platinum card is a great saving. Discussions with staff proved most helpful in determining what cover I have etc. Use of the card in Thailand was no problem either, and we used it extensively in both Singapore and Thailand.

Throw away your wallet and just carry an AmEx

Reviewed and recommended by Linga on 05 Sep 2014

Very convenient one-stop-shop. Accepted virtually everywhere with latest chip and PIN technology. Love the convenience of internet banking. Extremely attentive customer service on the only occasion when I needed help. Able to manage account with completely paperless efficiency. I have benefited from AmEx offers including the option for early booking of major events.

Show 13 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
American Express
Card use
Credit rating
No bad credit history
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Membership Rewards
Temporary residents
Business Long Stay Visa (subclass 457)


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Statement date
Interest free period
Up to 55 days on purchases
Minimum repayment

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months1%$10,000 or 70% of credit limit20.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
$10,000 or 70% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the American Express Platinum Edge Credit Card at the promotional balance transfer rate from:

  • American Express

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months1%$10,000 or 70% of credit limit 20.74% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances N/A N/A
Purchases 1.73% 20.74% p.a.


Annual fee
$195 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

First purchase bonus
Reward points expiry
Never as long as you keep your account active
Rewards program
Membership Rewards
Sign up bonus
Spend required for bonus points

Earning points with this card

Frequent flyer points
1 pt per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
0.5 pts per $1 spent
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service


This card comes with benefits worth an estimated $1,177

ShoppingEstimated value
Extended warranty
Valuation based on the assumption of making a $250 claim once every 5 years. There is no retail market for all-encompassing extended warranty insurance covering more than one item, so no premium saving.
Purchase protection
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
Refund cover if retailer refuses return
Most major retailers have 100% guaranteed returns, but not all do. Valuation assumes making a $100 claim once every 5 years.
Interstate flight inconvenience insurance
Valuation based on similar domestic travel insurance policies available online that include interstate flight inconvenience.
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online for trips of up to 60 days.
Transit accident insurance
Valuation based on similar global transit accident insurance policies available online.
Total estimated value$1,177
Annual fee$195
Net customer value$982
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $50,000 per year
Have no history of bad credit
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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