This was posted 1 year 4 months 22 days ago, and might be an out-dated deal.

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American Express Platinum Edge Credit Card: $0 Card Fee (Save $195) + 0% p.a.on Purchases for 1st Year-$140 cashback-Cashrewards

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American Express Platinum Edge Credit Card: $0 Card Fee (Save $195) + 0% p.a.on Purchases for 1st Year-$140 cashback-Cashrewards
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Lalan737 on 13/12/2022 - 13:51 americanexpress.com (614 clicks)
Last edited 13/12/2022 - 14:06 by 1 other user

New Card Member Offer

Enjoy $0 Annual Card Fee (usually $195) in the first year plus 0% p.a. on Purchases for 12 months.

Available when you apply online by 14 December 2022. Promotional Interest Rate reverts to the standard purchase Interest Rate after 12 months. T&Cs apply. New Card Members only.

Annual Fee $0 Annual Card Fee in the first year, saving you $195 Interest Rate
0% for the first 12 months, reverting to 21.99% p.a. thereafter
Interest Free Period Up to 55 days

Membership Rewards Points
3 POINTS at major supermarkets and petrol stations per $1 spent
2 POINTS on purchases in a foreign currency when overseas and online per $1 spent
1 POINT on all other purchases per $1 spent

Referral Links

Business Explorer Card: random (3)

Referrer: 40,000 Reward Points

Centurion Personal Charge Card: random (7)

Referee gets 200,000 MR points. Referrer gets 150,000 MR points.

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Financial American Express Credit Card

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closed Comments

  • Mikedrop89 on 13/12/2022 - 13:55

    Does 0% interest for 12 month mean i can essentially use as much as my limit allows and then pay at the end of 12 months?

    • jdreamer on 13/12/2022 - 13:56

      You will still need to pay minimum payment I believe. Only 0% interest for the 12 months.

    • HereToSave on 13/12/2022 - 16:03

      Interesting hey.

    • FrugalDealSeeker on 15/12/2022 - 17:36

      You will still need to pay a minimum payment.

      This.

      Also, it would mess with your credit utilization ratio if this credit limit >30% of your total credit limit.

      • Nom on 17/12/2022 - 19:49

        if this credit limit >30% of your total credit limit.

        Can you elaborate ?

        The credit limit is set when you apply - it's got nothing to do with what you spend over the 12 months ?

        • FrugalDealSeeker on 18/12/2022 - 08:19

          Sorry, let me clarify, at the end of each statement if they report >30% balance, of the available credit limit across all credit cards e.g. AMEX $10000, ANZ $20000 so total $30k and your balance is >$9k, then your credit score will take a hit, so it wouldn't be wise not clearing your card every month if the balance >30% of your total limit (across all cards).

          • Nom on 18/12/2022 - 19:48

            @FrugalDealSeeker: That's fascinating !

            I always pay all my cards off in full every month, as does probably every other OzBargainer - but on the odd occassion, I might put something massive like an overseas holiday onto my card, and then pay it over two statements instead of just the one. Just an example, but I had no idea that rolling over a large spend for more than a single statement could affect credit score 🤯

            • FrugalDealSeeker on 18/12/2022 - 21:37

              @Nom: I learnt the upto 55 days interest free the hard way. I bought a car on my CC while I was waiting for a tax refund, just one day before my statement cycle so I had only till next cycle i.e. ~30 days. Not only was I hit with like $15 interest, my score was also smashed by around 50 points… Recovered in 2-3 months though but still it was sad. :(

  • alan737 on 13/12/2022 - 13:57

    From what I can see from the ad, yes, but better to double-check with Amex.

  • donkcat on 13/12/2022 - 14:01
    +1

    Sign up through cashrewards for an extra $140 cashback too

  • Ehty on 13/12/2022 - 14:14
    +1

    There are few other with a longer interest free period and lesser annual fee ( for 2nd year).
    Obviously this one has CR of $140

    • alan737 on 13/12/2022 - 14:18

      What is CR of $140?

      • Ehty on 13/12/2022 - 14:19
        +1

        Cashback from Cashrewards

    • b0b0 on 13/12/2022 - 17:42

      You are looking at different things. 0% on balance transfer is not the same as 0% on Purchases

      • Ehty on 13/12/2022 - 18:02

        These ones are not BT but 0% on purchases.
        Like below for ColesNo Annual Fee Mastercard
        "Enjoy 0% on Purchases for 15 monthsº plus no annual fee ever!"
        "Enjoy 0% p.a. on Purchases for 15 months"

  • nightelves on 13/12/2022 - 15:26

    You risk having no sign on bonus for 18 months with this deal.

    • HereToSave on 13/12/2022 - 16:04

      Is there any 0% with a sign on bonus?

  • [Deactivated] on 13/12/2022 - 15:28
    +1

    Also get $200 travel voucher.

    • Brakus on 13/12/2022 - 15:34

      how do you get this?

      • paaj on 13/12/2022 - 15:58

        There's a travel section in the Amex app. It will pop up as a credit there

      • Smigit on 13/12/2022 - 20:36

        It’s a standard inclusion with this card. Renews annually.

    • HereToSave on 13/12/2022 - 16:11

      What happens if you use this before 12 months and cancel and don’t pay second year $195 fee?

      • Brakus on 13/12/2022 - 16:13

        I have the same question and intent

      • donkcat on 13/12/2022 - 19:13
        +1

        You save $195 thats all. Every 12 months the travel credit resets, you pay annual fee and get another $200 travel credit

  • trantonz on 13/12/2022 - 15:43
    -1

    I applied for amex twice but both time got rejected. However the main question is that why there are many places that do not accept amex? Would it be a wise choice for me to apply for amex again even though there are not many places accept it?

    • paaj on 13/12/2022 - 15:59

      My experience has been opposite. Most supermarkets, electronics stores, petrol stations accept Amex. For everything else, use mastercard. Amex isn't meant to be your primary card. Just a points and benefits churner.

    • nightelves on 13/12/2022 - 16:00

      Amex charges higher fees than Visa and Mastercard.

      • HereToSave on 13/12/2022 - 16:06
        +1

        Like what? This is 0% interest and no fee for the first 12 months with a $200 travel voucher.

        • sneakydean on 13/12/2022 - 16:12

          Card Merchant fees are charged to the Merchant (The store)
          Visa and Mastercard credit cards: 1% to 1.5%,
          American Express credit cards: 1.5% to 2%,
          EFTPOS: Usually less than 0.5%,
          Visa and Mastercard debit cards: 0.5%

          With some stores negotiating different rates depending on volume (ie woolworths wont be paying 2%)

  • jlien on 13/12/2022 - 16:04
    +2

    i used to have this, it was a great card in it's heyday with the free return flight between capital cities. The $200 travel credit barely covers one way these days.

    • nightelves on 13/12/2022 - 16:19
      +1

      Yeah those were good times.

    • Smigit on 13/12/2022 - 20:40

      Been tempted to grab the Velocity platinum, or whichever card it is, with the return flight that they still have. At $350 it’s no where near as good a deal as this card was with the return flight and twice the points conversion compared to what is applied nowadays, but pretty sure I’d still be ahead on that return flight annually.

  • mouzii on 13/12/2022 - 16:06

    Thanks OP!

    Confirming that we can't use the referral links if we want to use Cashrewards, right?

  • tunzafun001 on 13/12/2022 - 16:18

    Had this card for 5+ years.

    It's gone to stink. Shop small?? Anyone seen it?

    • anilpnair on 14/12/2022 - 16:49

      Yeah, I've received a lot of cash back from Shop small offer. Many local stores were part of it. I believe that the offer expired March 31.

      I have the free white coloured American express card and I love it. Earn enough points to fetch ~$50 every month i.e. based on earning1 point per $

  • Love_A_Bargain on 13/12/2022 - 17:07
    +2

    For new cardholder only.

    Just saw this on their T&C:
    'Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer.'

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