American Express Business Card

On website

Apply by 4 April 2023

American Express Business Card

Highlights

  • Receive a $100 Statement Credit when you apply by 4 April 2023, are approved, and spend $1,000 on your new Card within the first 3 months. T&Cs apply. New Amex Card Members only.
  • No pre-set spending limit means more flexibility.
  • Extend your cash flow up to 110 days.

Pros and cons

Pros

  • Receive a $100 Statement Credit when you meet the criteria.
  • The annual fee has been reduced to $95 p.a. and comes with 1 complimentary employee card ($79 for each additional card).
  • Complimentary insurance cover business trips.
  • No preset spending limit.

Cons

  • There is no rewards program on this card.

The basics

  • Additional cardholders. Get 1 complimentary employee card and $79 for each additional card.
  • Digital wallets. This card can be used for purchases on your phone with Apple Pay, Google Pay and Samsung Pay.
  • Gambling transactions. This card cannot be used for gambling (which applies to other Amex cards).

Rewards and benefits

  • Complimentary travel insurance. The American Express Business Card comes with complimentary travel insurance for up to $150,000 of cover against accidents resulting in loss of limb, sight, or life while in transit on business trips that commence and end in Australia. The cover is active on trips paid for using the card.
  • Concierge services. The American Express Business Card does not come with access to a concierge service.
  • Rewards points. There is no rewards program on this card.
  • Sign-up bonus. Receive a $100 Statement Credit when you apply by 4 April 2023, are approved, and spend $1,000 on your new Card within the first 3 months. T&Cs apply. New Amex Card Members only.

Rates and fees

  • Annual fee. This card's ongoing annual fee is $95, which is tax deductible.
  • Balance transfers. American Express does not currently have a balance transfer available for this card.
  • Cash advances. The standard cash advance rate of 21.74% p.a. will apply to all cash advances made with your card. A cash advance fee will apply to any cash advances you make in addition to interest.
  • Foreign exchange fee. Purchases made in a foreign currency attract a fee of 3%.
  • Interest-free period. This card offers a 110-day interest-free period on purchases when you pay the balance in full.
  • Purchases rate. There are no introductory offers on purchases. Purchases made with the card will not attract any interest — because it's a charge card — and the balance must be repaid in full each statement period.