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Credit Card fees explained

Some American Express® Credit Cards charge an annual fee in return for richer rewards, features and benefits. The amount – and value of the rewards – varies from Card to Card. The table below details other American Express Credit Card fees you need to know about.

Description Amount
Additional Statement Fee $10
Cash Advance Fee (enrolled Card Members only) $2.50 or 2% of the cash advance amount (whichever is greater)
Currency Conversion Fee 3% of the converted amount
Dishonour Fee $6 for each dishonour or debit rejection
Late Payment Fee $30
Over The Counter Fee $3
Record of Charge $7 for charges in Australia, $10 for other charges
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Useful terms

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Useful terms

  • Cash Advance Fee (enrolled Card Members only): Payable if you withdraw cash from your Credit Card account from an ATM.
  • Currency Conversion Fee: Payable when any charge is processed in a currency other than Australian dollars.
  • Dishonour Fee: Payable if there aren’t enough funds in your nominated account to pay the Card account or if the whole or part of a payment by direct debit is rejected.
  • Additional Statement Fee: Payable if you or a Supplementary Card Member requests an additional posted monthly paper statement. You may access statements free of charge through your online account.
  • Late Payment Fee: Payable if you do not pay the minimum payment required by the due date as shown on your statement.
  • Over The Counter Fee: Payable if you pay your Card account in person at Australia Post1.
  • Record of Charge: Payable if you or a Supplementary Card Member requests a copy of an individual charge.
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How do I avoid or limit Credit Card fees?

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Know your limits

Select a Credit Card that best suits you and your spending patterns and know what fees apply to your Credit Card and account.

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Track your expenses

Login to your account regularly, or download the app to access your current statement and account details. You can also setup SMS and email alerts to track transactions you make, or have weekly balance updates sent to you.

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Be smart with your repayments

Make sure you know when your Credit Card repayments are due, and, if possible, pay off as much as you can to reduce the amount of interest payable.

FAQs

Are there any Cards that don’t have an annual Credit Card fee attached to them?

Are there any Cards that don’t have an annual Credit Card fee attached to them?

Yes, we have a number of Cards that do not have an associated annual fee. Typically, the more rewards or features your Card has, the higher the annual fee.

When does the annual fee get charged?

When does the annual fee get charged?

The annual fee is usually charged in the month of your Card Membership anniversary.

What’s the difference between foreign transaction fees, international transaction fees and currency conversion fees?

What’s the difference between foreign transaction fees, international transaction fees and currency conversion fees?

These are all the same thing. They are just alternative ways of describing currency conversion fees. This is payable when any charge is processed in a currency other than Australian dollars.

What is a Card surcharge?

What is a Card surcharge?

A surcharge is a fee that a business charges a customer for using a Card to make a purchase. American Express strongly opposes surcharging; however, it is not illegal and is a cost that a business can choose to pass on to a customer if they wish.

Learn more >

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Why choose American Express?

Accepted at more places

With more Merchants in Australia choosing to accept American Express, including the big brand stores you spend at every day, your points will add up fast.

Learn more >

Membership experiences

We believe our Card Members deserve more. Discover how we reward our Card Members.

Learn more >

A great range of Cards

From Charge Cards to Credit Cards – you’re bound to find something to suit your needs.

View all Cards >

Terms and Conditions

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Terms and Conditions

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1. In order to make payments & in person at Australia Post you must present your Card and current account statement. Cash payments are limited to the outstanding balance as shown on your current account statement. If you are enrolled in Online Statements you cannot make payments in person at Australia Post Offices.