What is a Credit Card?

From interest rates to the application, here’s everything you need to know about Credit Cards.

Woman using laptop in kitchen

How do I apply for a Credit Card?

Apply for an American Express Credit Card online. You’ll get a response within 60 seconds.

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How do Credit Card limits work?

A credit limit is the maximum balance that you can have on your Credit Card at any time, including your purchases, interest charges, and fees.

Woman on bike ride

How is interest charged?

Interest is applied to your closing balance at the end of each day and then totalled up to calculate your monthly statement balance.

Woman sightseeing

What fees do I pay?

Some American Express Credit Cards charge an annual fee in return for rewards, features and benefits. The amount varies from Card to Card.

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How do Credit Cards differ to Charge Cards?

A Credit Card will have a set Credit limit. A Charge Card comes with no pre-set spending limit1, which means your spending limit can vary depending on a variety of factors

Man buying new jeans

What is surcharging?

A surcharge is a fee passed on from a business to a customer for using a Card to make a purchase. American Express opposes surcharging.


Useful terms

  • Statement period: The period in which the transactions reported on your statement relate to. Generally, your statement period will be every 30 days, the actual dates can vary slightly from month to month.
  • Interest: When you use your Credit Card, you will be charged interest unless you repay the full closing balance by the statement due date. Interest will be expressed as an annual percentage rate.
  • Interest free days: Interest free days are the time from when you buy something using your Credit Card to when interest is applied to that purchase.
  • Repayments: When your statement arrives, you can pay off the entire closing balance on or before the statement due date, in which case you’ll avoid paying interest. You also have the option of paying the minimum payment, however you will be charged interest on the unpaid balance.
  • Closing balance: The amount you owe at the end of a statement period.

Where can I use my American Express Card?

American Express is already accepted at hundreds of thousands of places around Australia, including the places you love to shop, so you can enjoy Membership benefits and rewards more often.

Managing your Account is simple

Whether you’re just getting started, looking to pay a bill, use Membership Rewards points, or keep track of your spending, here’s how to get the most out of your Credit Card.

What do you want from a Card?

Everyone’s different, so you need a Card that has benefits that best suit your lifestyle.
Choose the Card with benefits that best suit you.

Rewards

Earn Membership
Rewards points from
everyday spending

Frequent Flyer

Maximise rewards
for every trip

Platinum

Enjoy premium
benefits and service

Balance Transfer

Roll your Card
balances into one

No Annual Fee

Save more with no
annual fee

Shop with confidence

At American Express, we take your security seriously. That’s why we have measures in place to ensure you can shop with confidence.

Protection against fraud

Get more peace of mind through our Intelligent Security Systems, Secure Payment Process, and Fraud Protection Guarantee2.

Protection on purchases

Damaged a purchase or having trouble getting a refund? With eligible Cards, you can rely on us to put things right with 90 days’ Purchase and Refund Protection3.

Protection against phishing

We’re continually updating our online security features, but there are also some simple steps you can take to protect yourself.

Make payments with a swish of your mobile

Leave your wallet at home and enjoy the convenience of mobile payments. You can now make payments through contactless technology with your American Express® Card using Apple, Samsung and AndroidTM devices. To get started, all you have to do is scan your Card into the app and follow the prompts.

Mobile pay apps

Live life to the fullest with American Express Membership

As an American Express Card Member, you get to enjoy travel benefits that take you further, points that are more rewarding, and services that open more doors around the world.