American Express

American Express is a global service company, providing customers with exceptional access to products, insights and experiences that enrich lives and build business success.

American Express credit cards

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American Express Business Explorer Credit Card

Highlights

Earn 50,000 Bonus Membership Rewards Points when you apply online, are approved, and spend at least $3,000 within 3 months of approval. Exclusive to new American Express Card Members.
Includes 2 Centurion Lounge passes per year at Sydney and Melbourne airports.
Receive complimentary travel insurance when you book your return flight with your card.

Pros

Earn up to 2 points per $1 spent on eligible purchases.
Earn 1 point per $1 spend on ATO and government transactions.
Use your points to pay off transactions, utilities, annual fee and more.
Redeem your rewards for flights, hotel reservations, or car rentals.
Transfer points to Virgin Australia, Air New Zealand and Hilton Honors.
Shop with your points at Apple, Ikea, JB Hi-Fi and more.
No fee for up to 99 employee cards.
Up to 55 interest-free days.
With the Amex App, you can Monitor business spend and activity 24x7.
Manage your account anytime and anywhere with Live Chat Service

Cons

There is an annual fee of $149.
A 3% foreign transaction fee is in effect.
There is no balance transfer offer.
Cash advances are blocked, which might be inconvenient for some.

Apply by 25 March 2025

American Express Platinum Business Card

Highlights

Get 250,000 bonus Membership Rewards points by applying before 25 March 2025, getting approved, and spending $12,000 on your card within the initial 3 months. Exclusive to New American Express Card Members.
Reduced first-year annual fee of $875 (regularly $1,750 per year).
Earn up to 2.25 pts per $1 spent.
Enjoy exclusive Platinum travel, experience, and dining privileges.

Pros

The offer of 250,000 bonus Membership Rewards points when you meet the criteria.
Earn up to 2.25 pts per $1 spent and 1 point per $1 spent at the ATO.
Access to more than 1,400 lounges globally, including The Centurion® Lounge.
Gold status match at Marriott Bonvoy, Hilton Honors, and Premium status at Radisson Hotel Group.
Get the Amex Experiences App to access information on Platinum benefits, travel offers, events and recommended merchants.
Add up to 99 employee cards at no extra cost.

Cons

The annual fee of $1,750 p.a. after the initial year.
Since this is a charge card, the balance must be cleared every statement.
No balance transfer facility.

Apply by 8 April 2025

American Express Qantas Business Rewards Card

Highlights

Get 170,000 bonus Qantas Points with the American Express Qantas Business Rewards Card when applying by 8 April 2025, getting approved, and spending at least $6,000 within 3 months of approval. Exclusive to new American Express Card Members.
Earn 2 Qantas Points per $1 spent on Qantas products and services, up to 1.25 points per $1 spent on everyday spend, and 0.5 Qantas Points per $1 spent on government spend, utilities, and insurance.
Once a total of 500,000 Qantas Points is earned in a calendar year, the everyday business earn rate will change from 1.25 to 0.75 Qantas Points per $1 spent. *For Card Members who applied for the Card between July 1, 2023, and January 9, 2024, this change will take effect from July 10, 2024.

Pros

Earn 130,000 bonus Qantas Points when you meet the criteria.
Two complimentary passes for the Qantas Club lounge every year.
A flexible Payment Option is available to spread costs over time for a portion of your balance.
Power up your business – Spend with Dell Technologies and get up to $100 credit.

Cons

The $450 p.a. annual fee.
Balance must be repaid in full each month.
No concierge service.
Lounge passes are valid for Qantas Club and not the international business lounges.

American Express Velocity Business Card

Highlights

Get 120,000 Bonus Velocity Points when you apply online, are approved, and spend at least $3,000 within 2 months of approval. The offer is valid for New American Express Card Members exclusively.
Earn 2 points for every $1 spent on Virgin Australia services and up to 1 point per $1 spent on other transactions. Earn 0.5 points per $1 on ATO and government expenditures.
Get 2 complimentary single-entry passes to the Virgin Australia Lounge at chosen domestic airports annually.

Pros

Receive 120,000 bonus Velocity Points when you meet the criteria.
A charge card that has no pre-set spending limit.
You have up to 51 days to pay for purchases.
Add up to 99 employee cards.
Use your points to pay off transactions, utilities, annual fees, etc.
Redeem your Velocity Points to upgrade flights, book hotel reservations, and car rentals.
There is no limit to the amount of points you can earn.
Set up monthly points transfer to your Velocity account.
Option to pay off a portion of your balance.
With the Amex App, you can monitor business spending and activity 24x7.

Cons

The annual fee of $249 p.a.
Each employee card costs $99 p.a.

American Express money transfer

AMEX FX International Payments

Highlights

Simple Online Enrollment.
24-hour access to FX payment specialists, Monday to Friday.
Transfer to 110+ countries and 80+ currencies.
Receive Membership Rewards points, if enrolled (Terms and Conditions apply).

Pros

Supports a wide range of currencies and countries.
Offers different transfer options.
Earn rewards.

Cons

Other service providers may offer higher exchange rates.

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Q&As

What financial services do American Express offer in Australia?

You'll know American Express from their iconic Centurion embellished cards. The American financial behemoth operate a number of credit cards and charge cards for personal customers, small businesses, and larger corporate clients which earn points and benefits in the Membership Rewards program.

In addition, the company also operates Amex Travel for hotel and flight bookings. And there's also Amex branded travel insurance and a American Express FX payments to send money overseas.