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American Express Essential Credit Card

Introductory offer: 0% p.a. on Balance Transfer for 12 months

Offer Conditions:  This offer is available to new Card Members, as well as Bank-issued American Express companion cardholders. A one-off credit plan establishment fee of 3% applies. The credit plan establishment fee attracts the standard interest rate. Balance transfer amounts are not eligible for interest-free days or Membership Rewards

The American Express Essential® Credit Card comes packed with a range of benefits:

  • $0 annual fee - A no fee card with rewards
  • Eligible for use with Android PayApple Pay and Samsung Pay
  • Membership Rewards - Earn up to 1 Membership Rewards point for every $1 spent
  • Balance transfer offer of 0% p.a. for the first 12 months to help you save on interest repayments and pay your other balances sooner. A one-off 3% credit plan establishment fee applies and you can transfer up to 70% of your approved credit limit to a maximum of $10,000. This offer is for new applicants only.
  • Frequent Flyer Friendly - Transfer your Membership Rewards to a choice of 8 frequent flyer programs
  • Smartphone Screen Insurance for up to $500 - when you pay for your phone or contract with your Essential Credit Card
  • Low Minimum Income for eligibilty - At just $40,000 p.a.
  • Enjoy a low interest rate - of 14.99% p.a. on purchases
  • Emergency Card replacement - if your card is lost or stolen 

 

Reward Yourself

With the Essential® Credit Card you’ll receive complimentary enrolment into the Membership Rewards Gateway program

  • Earn 1 Membership Rewards point per dollar spent on all purchases except utilities, insurance, telecommunications providers and government bodies in Australia where you will earn 0.5 points per dollar spent.
  • Transfer your points to a choice of 8 airline rewards partner programs including Singapore Krisflyer Miles, Virgin Velocity Points and Cathay Pacific Asia Miles, or redeem online for a gift card from one the leading retail partners.
  • Unlike the standard Membership Rewards Ascent program, Membership Rewards Gateway points can be converted on a 4:3 basis to Virgin Australia Velocity, Cathay Pacific Asia Miles, Emirates Skywards, Etihad Guest, Malaysia Airlines Enrich, Singapore Airlines KrisFlyer and Thai Airways Royal Orchid Plus. That means you’d effectively earn 0.75 frequent flyer points or miles per dollar spent on everyday transactions or 0.375 points with utility and ATO Payments.
  • Use your points to pay charges on your statement with Select + Pay with points
  • Spend more and earn more points by getting a Supplementary Card for family members at no additional cost

 

World-class service

When you pay for purchases using your American Express Essential® Credit Card you can enjoy cover with the following protection;

  • Purchase Protection - if an item is stolen or breaks within 90 days of purchase, it can be repaired or refunded up to $2,500 per claim, up to $10,000 per year and with a $50 excess per claim
  • Buyer’s Advantage - extends the manufacturer’s warranty by up to 12 months for up to $7,000 per claim and $7,000 per year, with no excess
  • Refund Protection - if you have a change of heart and are refused a refund on an unused item within 90 days of purchase, you will be reimbursed for up to $500 per claim and $2,000 per year, with no excess
  • Online Fraud Protection - guarantees you against unauthorised charges. If you see something unusual on your statement, let AMEX know immediately and you won’t be held responsible

 

Smartphone Screen Insurance with your Essential® Credit Card

The inclusion of insurance for your smartphone screen as a benefit from owning a credit card is unique to the American Express Essential Credit Card. Many of us have suffered the inconvenience and expense of cracking our smartphone screens, American Express have recognised this common event and sought to provide a solutuion to card holders with the inclusion of Smartphone Screen Insurance as a benefit of holding the new Essential Credit Card.

How does the smartphone insurance work?

When you use your Essential® Credit Card to pay for your smartphone (outright or on contract) and accidentally crack your phone screen, you’ll be covered for up to $500 worth of smartphone screen repairs. Essential Cardholders can take advantage of this complimentary insurance up to two times in a 12-month period. Keep in mind that there is an excess of 10% per claim.

For full details of the Smartphone Screen Insurance read the terms and conditions to understand what you’re eligible for and how you can make the most of the insurance.

Insurance cover is underwritten by Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL No. 239687) (Chubb) and is subject to the terms, conditions and exclusions contained in the American Express Essential Credit Card Insurances policy between American Express and Chubb. For Smartphone Screen Insurance, maximum of 2 claims per 12 month period, maximum cover of $500 per claim and an excess of 10% of the claimed amount applies. 

Credit Card Details
Provider American Express
Prestige Level Standard
Credit Card Type American Express
Instant Approval Yes in 60 seconds
Standard Rates
Purchase Rate 14.99% p.a.
Cash Advance Rate -
Interest Charged From Statment date
Interest Free Period Up to 55 days
Balance Transfer
Balance Transfer Rate 0%
Balance Transfer Period 12 months
Balance Transfer Fee 3%
Balance Transfer Processing Time 10 - 14 days
Max. Balance Transfer 70%
Revert rate 14.99% p.a.
Benefits
Intro Offer 0% p.a. on Balance Transfers for 12 months, a one-off credit plan establishment fee of 3% applies
Offer end date -
Rewards Program American Express Membership Rewards
Rewards Points Earn 1 Membership Rewards point per dollar spent on all purchases except utilities, insurance, telecommunications providers and government bodies in Australia where you will earn 0.5 points per dollar spent
Acceptance Criteria
Age to Apply 18
Min. Income $40,000
Residency Australia
Temporary residents Yes with 457 Visa
Min. Credit Limit $2000
Joint applicants No
Fees & Terms
Min. Monthly Repayment $30
Annual Fee $0
Over Limit Fee $15
Duplicate Statement fee -
Late Payment Fee $30
Min. Monthly Repayment % 2.5%
Max. Credit Limit $25,000
Cash advance fee -
Additional card holder fee $0
Travel & Insurance
Foreign currency conversion fee 3% of transaction value
Overseas atm withdrawal fee -
Complimentary travel insurance No

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.