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Mini meca 2020

American Express Low Rate Credit Card

Advertiser disclosure
Purchase rate
8.99% p.a.
Balance transfer rate
No current offer
Annual fees
$0
Interest free days on purchases
55
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Mozo editorial review American Express Low Rate Credit Card - last updated: 13 August 2021

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What's hot
  • 2020 Credit Card Provider of the Year
  • $100 cashback available for new members (terms and conditions apply)
  • 8.99% purchase rate and no annual fee
What's not
  • 3.00% foreign exchange margin
Mozo snapshot

An Australian first, Amex’s low rate credit card boasts a very competitive interest rate of just 8.99% - the lowest you’ll see across American Express credit card products. Plus it offers no annual fee, so it's little surprise that the card was awarded a whopping three 2020 Mozo Experts Choice awards for best Low Rate Credit Card and best No Annual Fee Credit Card. 

New card members will also be able to receive $100 back when they apply online by 27 October 2021, are approved and spend $1,000 on their new Card by 31 December 2021. Terms and conditions apply so make sure to browse the Amex website for more details. 

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Key features

There's no doubting it, the best feature of this card is the low 8.99% purchase rate. It’s not the lowest you’ll find in the market, but it is pretty close, which is something special coming from 2020 Mozo Credit Card Provider of the Year American Express who pride themselves on going above and beyond on service and extras.

The card has no annual fee and up to four additional card members at no extra cost.

It also comes with American Express’ refund and purchase protection meaning that Amex will repair or refund the cost of eligible items bought on the card that are damaged or stolen within 90 days of purchase.

There is also up to 55 days interest-free on purchases. 
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Who is it good for

For shoppers who want the glamorous feeling of paying by Amex card at the checkout without the gold plated price tag, this is the card for you.


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Any catches

While this card might be a good option to use at home here in Australia, remember that if you decide to use it to spend overseas you'll face a 3.00% foreign exchange margin.  

Details

Rates and fees information correct as at 16 September 2021 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

8.99% p.a.

none

No current offer

no

none

55

Fees

$0.00

none

none

none

$30.00

none

3.00%

$10.00

$7.00

$0.00

Features

$30.00

2.5

up to 4

none

Payment options

Apple Pay, Google Pay, Samsung Pay

Rewards privileges

Purchase Protection,
Refund Protection

Other benefits

Refund and Purchase Protection.

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