Amex Credit Cards Find the Best Card for Your Lifestyle
Compare American Express Membership Rewards, Qantas, and Velocity cards. Calculate estimated net value based on bonus points, annual fees, and travel perks.
Calculate your rewards
See which cards could give you the most value based on your spending.
Credit Card
- Bonus Offer
- Points Per $
- Annual Fee
- Net Rewards
American Express Platinum
- Bonus Offer 225,000
Membership Rewards Points - Points Per $ 1 - 2.25 pts
- Annual Fee $1,450
- Net Rewards $-
Breakdown of Yearly Net Value
Year 1: -$1,450$0
Signup Bonus$0 Point Earn$1,450
Annual FeeYear 2: -$1,450$0 Signup Bonus$0 Point Earn$1,450 Annual FeeTotal Net Value -$1,450Total Net Value -$1,450
American Express Platinum
- Top 3 Premium
- Top 3 Everyday Rewards
- More Top CategoriesTop 5 Travel PerksTop 3 Online Purchases
- $450 Travel Credit Per Year
- Multiple Unlimited Lounge Access
- CashbackCashbackFrequent Flyer PointsFrequent Flyer PointsAirport Lounge AccessUnlimited access for you and a guest to 1,800+ airport lounges including Centurion Lounge, Priority Pass and moreTravel ServicesInternational Airline Program for savings of up to 20% on First and Business Class fares with leading airlines like Qantas Airways, Virgin Australia, Emirates and more.Travel InsuranceDomestic & International Travel InsuranceShopping ProtectionPurchase Protection
Refund ProtectionConcierge ServiceConcierge ServiceDining$400 Global Dining Credit per yearHotelFine Hotels & Resorts Program, Accor Plus membership valued at $349 p.a., Hotel Elite Status Program & International Airline ProgramMobile PayApple Pay, Samsung Pay, Google PayEntertainmentAmex Experiences and Digital news access with the Australian Premium Subscription
Annual Fee: $1450
Interest Free Days: 44 days
Additional Cardholders: Up to 4 additional cards for family members or friends at no extra fee
Purchase Protection: Yes
Travel Insurance: Domestic & International Travel Insurance
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Travel Credit: $450 Travel Credit Per Year
Dining: $400 Global Dining Credit per year
Airport Lounge: Unlimited access for you and a guest to 1,800+ airport lounges including Centurion Lounge, Priority Pass and more
Entertainment: Amex Experiences and Digital news access with the Australian Premium Subscription
Travel Services: International Airline Program for savings of up to 20% on First and Business Class fares with leading airlines like Qantas Airways, Virgin Australia, Emirates and more.
Concierge Service: Yes
Hotel: Fine Hotels & Resorts Program, Accor Plus membership valued at $349 p.a., Hotel Elite Status Program & International Airline Program
Bonus Points Offer: 225,000 Membership Rewards Points when you apply online and spend a minimum $5,000 in first 3 months of approval. Offer is only available to new AMEX card members or non-card members within the last 18 months.
Points Per $1 Spend: 2.25 Membership Rewards points on purchases. 1 Membership Rewards point on government body transactions in Australia.
Point Earning Limit: Uncapped
Flyer Points Conversion Rate: 1 Membership Rewards point = 0.5 Velocity points.
Redeem Points: 10,000 Rewards points gets you a $50 gift card or cashback. 5,900 Velocity points can fly you from Sydney to Gold Coast (one way) plus taxes, fees and carrier charges.
American Express Explorer
- Bonus Offer 125,000
Membership Rewards Points - Points Per $ 1 - 2 pts
- Annual Fee $395
- Net Rewards $-
Breakdown of Yearly Net Value
Year 1: -$395$0 Signup Bonus$0 Point Earn$395 Annual FeeYear 2: -$395$0 Signup Bonus$0 Point Earn$395 Annual FeeTotal Net Value -$395Total Net Value -$395
American Express Explorer
- Top 5 Everyday Rewards
- Top 5 Travel Perks
- More Top CategoriesTop 3 Online PurchasesTop 3 Shopping Protection
- $400 Travel Credit Per Year
- Centurion Lounge Access
- CashbackCashbackFrequent Flyer PointsFrequent Flyer PointsAirport Lounge Access2 Centurion Lounge accesses at Sydney or Melbourne international airports per yearTravel InsuranceDomestic & International Travel InsuranceShopping ProtectionPurchase Protection
Refund ProtectionSmartphone Screen InsuranceSmartphone Screen InsuranceHotelThe Hotel CollectionMobile PayApple Pay, Samsung Pay, Google Pay
Purchase Interest Rate: 23.99% p.a.
Minimum Credit Limit: $3,000
Annual Fee: $395
Additional Cardholders: Up to 4 additional cards for family members or friends at no extra fee
Interest Free Days: 55 days
Minimum Repayment: Greater of $30 or 2.5% of the closing balance
Late Payment Fee: $30
Purchase Protection: Yes
Travel Insurance: Domestic & International Travel Insurance
Smartphone Screen Insurance: Yes
Travel Credit: $400 Travel Credit Per Year
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Airport Lounge: 2 Centurion Lounge accesses at Sydney or Melbourne international airports per year
Hotel: The Hotel Collection
Bonus Points Offer: 125,000 Membership Rewards Points when you apply online and spend a minimum $4,000 in the first 3 months from approval. Offer is only available to new card members who apply online and those haven’t held an AMEX card within the last 18 months.
Points Per $1 Spend: 2 Membership Rewards points on purchases. 1 Membership Rewards point on government body transactions in Australia.
Point Earning Limit: Uncapped
Flyer Points Conversion Rate: 1 Membership Rewards point = 0.5 Velocity points.
Redeem Points: 10,000 Rewards points gets you a $50 gift card or cashback. 5,900 Velocity points can fly you from Sydney to Gold Coast (one way) plus taxes, fees and carrier charges.
Qantas American Express Ultimate
- Bonus Offer 120,000
Qantas Points - Points Per $ 1.25 - 2.25 pts
- Annual Fee $450
- Net Rewards $-
Breakdown of Yearly Net Value
Year 1: -$450$0 Signup Bonus$0 Point Earn$450 Annual FeeYear 2: -$450$0 Signup Bonus$0 Point Earn$450 Annual FeeTotal Net Value -$450Total Net Value -$450
Qantas American Express Ultimate
- Top 3 Frequent Flyer Points
- Top 5 Travel Perks
- $450 Qantas Travel Credit Per Year
- Centurion & Qantas Lounge Access
- Frequent Flyer PointsFrequent Flyer PointsAirport Lounge Access2 Centurion Lounge entries to Sydney or Melbourne International airports each year and 2 Qantas Club lounge invitations per year after first spend on selected Qantas products and servicesTravel InsuranceDomestic & International Travel InsuranceShopping ProtectionPurchase Protection
Refund ProtectionDiningQantas Wine Premium MembershipMobile PayApple Pay, Samsung Pay, Google Pay
Purchase Interest Rate: 23.99% p.a.
Minimum Credit Limit: $3,000
Annual Fee: $450
Additional Cardholders: Up to 4 additional cards for family members or friends at no extra fee
Interest Free Days: 44 days
Minimum Repayment: Greater of $30 or 2.5% of the closing balance
Late Payment Fee: $30
Purchase Protection: Yes
Travel Insurance: Domestic & International Travel Insurance
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Travel Credit: $450 Qantas Travel Credit Per Year
Dining: Qantas Wine Premium Membership
Airport Lounge: 2 Centurion Lounge entries to Sydney or Melbourne International airports each year and 2 Qantas Club lounge invitations per year after first spend on selected Qantas products and services
Bonus Points Offer: 120,000 Qantas Points when you spend $3,000 within the first 3 months. Only available to new customers and non-members of American Express credit cards for over 18 months.
Points Per $1 Spend: 1.25 Qantas point on everyday purchases. 0.5 Qantas points on purchases at government bodies in Australia. 2.25 Qantas points on eligible Qantas products & services.
Point Earning Limit: Partially Uncapped
Redeem Points: 5,700 Qantas points can fly you from Sydney to Gold Coast (one way) plus taxes, fees and carrier charges. 10,030 Qantas points can get you a $50 gift card.
American Express Velocity Platinum
- Bonus Offer 100,000
Velocity Points - Points Per $ 0.5 - 2.25 pts
- Annual Fee $440
- Net Rewards $-
Breakdown of Yearly Net Value
Year 1: -$440$0 Signup Bonus$0 Point Earn$440 Annual FeeYear 2: -$440$0 Signup Bonus$0 Point Earn$440 Annual FeeTotal Net Value -$440Total Net Value -$440
American Express Velocity Platinum
- Top 5 Frequent Flyer Points
- Free Virgin Australia Economy domestic return flight & up to 100 Bonus Velocity Status Credits Yearly
- Virgin Lounge Access
- Frequent Flyer PointsFrequent Flyer PointsAirport Lounge AccessUnlimited access to Virgin Australia lounges at select domestic airports, every time you fly Virgin Australia domestically. And for your guests travelling with you, 2 single entry passes to the Virgin Australia Lounge.Shopping ProtectionPurchase Protection
Refund ProtectionMobile PayApple Pay, Samsung Pay, Google Pay
Purchase Interest Rate: 23.99% p.a.
Minimum Credit Limit: $3,000
Annual Fee: $440
Additional Cardholders: Up to 4 additional cards for family members or friends at no extra fee
Interest Free Days: 55 days
Minimum Repayment: Greater of $30 or 2.5% of the closing balance
Late Payment Fee: $30
Purchase Protection: Yes
Travel Credit: Free Virgin Australia Economy domestic return flight & up to 100 Bonus Velocity Status Credits Yearly
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Airport Lounge: Unlimited access to Virgin Australia lounges at select domestic airports, every time you fly Virgin Australia domestically. And for your guests travelling with you, 2 single entry passes to the Virgin Australia Lounge.
Bonus Points Offer: 100,000 Velocity Points 70,000 Velocity points when you apply online and spend a minimum $5,000 in first 3 months from approval. Plus, an additional 30,000 Velocity points when you spend a further $5,000 on eligible purchases within the first 3 months of your second year. Offer is only available to new AMEX card members or non-card members within the last 18 months.
Points Per $1 Spend: 1.25 Velocity points on purchases. 0.5 Velocity points on government body transactions in Australia. 2.25 Velocity points on eligible purchases with Virgin Australia.
Point Earning Limit: Uncapped
Redeem Points: 5,900 Velocity points can fly you from Sydney to Gold Coast (one way) plus taxes, fees and carrier charges. 10,696 Velocity points can get you a $50 gift card.
American Express Essential
- Bonus Offer 30,000
Membership Rewards Points - Points Per $ 1 - 5 pts
- Annual Fee $108
- Net Rewards $-
Breakdown of Yearly Net Value
Year 1: -$108$0 Signup Bonus$0 Point Earn$108 Annual FeeYear 2: -$108$0 Signup Bonus$0 Point Earn$108 Annual FeeTotal Net Value -$108Total Net Value -$108
American Express Essential
- Top 3 Shopping Protection
- CashbackCashbackFrequent Flyer PointsFrequent Flyer PointsShopping ProtectionPurchase Protection
Refund ProtectionSmartphone Screen InsuranceSmartphone Screen InsuranceMobile PayApple Pay, Samsung Pay, Google PayEntertainmentAmex Experiences
Purchase Interest Rate: 23.99% p.a.
Minimum Credit Limit: $2,000
Annual Fee: $108
Additional Cardholders: Up to 4 additional cards for family members or friends at no extra fee
Interest Free Days: 55 days
Minimum Repayment: Greater of $30 or 2.5% of the closing balance
Late Payment Fee: $30
Purchase Protection: Yes
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Smartphone Screen Insurance: Yes
Entertainment: Amex Experiences
Bonus Points Offer: 30,000 Membership Rewards Points when you apply online and spend a minimum $3,000 in the first 3 months from approval. Offer is only available to new card members who apply online and those haven’t held an AMEX card within the last 18 months.
Points Per $1 Spend: 1 Membership Rewards point on purchases. 2 Membership Rewards points at selected major retailers including Amazon, Kmart, Bunnings Warehouse, Uniqlo, Myer, The Iconic, JB Hi-Fi and Harvey Norman. 3 Membership Reward points with selected streaming services including Netflix, Stan, Spotify, Prime and more. 5 Membership Rewards points at selected restaurants, fast food outlets, cafes and bars.
Point Earning Limit: Partially Capped
Flyer Points Conversion Rate: 1 Membership Rewards point = 0.5 Velocity points.
Redeem Points: 10,000 Rewards points gets you a $50 gift card or cashback. 5,900 Velocity points can fly you from Sydney to Gold Coast (one way) plus taxes, fees and carrier charges.
Credit Card
- Rate
- Rate Offer
- Annual Fee
- BT Offer
- Min Income
American Express Low Rate
- Rate 10.99%
- Rate Offer -
- Annual Fee $0
- BT Offer -
- Min Income -
American Express Low Rate
- Top 5 Low Rate
- Shopping ProtectionPurchase Protection
Refund ProtectionMobile PayApple Pay, Samsung Pay, Google Pay
Purchase Interest Rate: 10.99% p.a.
Minimum Credit Limit: $1,000
Annual Fee: $0
Additional Cardholders: Up to 4 additional cards for family members or friends at no extra fee
Interest Free Days: 55 days
Minimum Repayment: Greater of $30 or 2.5% of the closing balance
Late Payment Fee: $30
Purchase Protection: Yes
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
Qantas American Express Discovery
- Rate 23.99%
- Rate Offer -
- Annual Fee $0
- BT Offer -
- Min Income -
Qantas American Express Discovery
- Frequent Flyer PointsFrequent Flyer PointsShopping ProtectionPurchase Protection
Refund ProtectionMobile PayApple Pay, Samsung Pay, Google Pay
Purchase Interest Rate: 23.99% p.a.
Minimum Credit Limit: $2,000
Annual Fee: $0
Additional Cardholders: Up to 4 additional cards for family members or friends at no extra fee
Interest Free Days: 44 days
Minimum Repayment: Greater of $30 or 2.5% of the closing balance
Late Payment Fee: $30
Purchase Protection: Yes
Mobile Pay: Apple Pay, Samsung Pay, Google Pay
American Express Credit Cards Guide
How We Rank the American Express Rewards Cards
At Kredmo, we use a data-driven Value Methodology to rank every card on this page:
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Sign-Up Bonus Impact: We analyze the true value of 100k+ bonus point or cash-back offers after meeting minimum spend. -
Points Weighted Earn Rate: We calculate the "dollar per points" value from from actual aveage Australian household spending splits (e.g., 35% Groceries, 15% Fuel, 20% Utilities) to show to best estimate what you could earn. -
Capped and Uncapped Points: We calculate the earn rate caps or "Tiered Earn Rates" for cards with both spending amount maximums and point earning maximums. -
Redeem Points Dollar Value: We calculate the dollar value from earned rewards points for reach rewards program for each redeem category cash back, gifts cards, domestic and international flights. -
Cost Efficiency: We factor in the cost of the annual fee so to evaluate whether your rewards earned outweigh the annual fee or not to reveal the Year 1 Net Profit. Ensuring your rewards are an asset, not an expense.
How Kredmo Calculates Your Net Rewards $ Value
At Kredmo, we believe transparency is the key to choosing the right credit card. Our Net Rewards $ Value is a data-driven estimate of the net Rewards financial benefit you could receive during your first year of card membership.
We use a specific three-step formula to convert complex bonus points or cashback offers into a clear dollar figure:
1Sign-Up Bonus Valuation: We convert the headline bonus points (e.g., 100,000 points) into a dollar value based on a conservative redemption average of 0.5 to 1.0 cents per point. This represents the standard "floor value" for redemptions like digital gift cards and cashback in the Australian market.- 2Annual Spend Projections: We calculate the points earned from your projected annual spending based on the card's specific earn rate (e.g., 1.25 points per $1 spent). We then convert
these points into their equivalent dollar value to show what your "monthly" spending is actually worth. - 3The 'Net Value' Deduction: To find the final figure, we subtract the first-year annual fee from the total sum of points and cash back expected to be earned. The resulting Rewards $ Value shown in our table represents your true "New Rewards $ Value"—in terms of Reward points and cash back of the value you receive after the card has paid for itself.Note: Our calculations assume you pay your statement balance in full each month. Because rewards credit cards carry high interest rates (often 20% p.a. or more), interest charges are not factored into this value as they would quickly negate the benefits earned.
Trust!Why Trust
Why Trust
Kredmo?
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80+ Cards Compared: We track over 20+ Australian providers to give you a full market view, not a filtered one. -
User-First Logic: Our rankings are built on data-driven “Value Methodology,” not whether we have a partnership with provider or not. -
Total Independence: We show you the best credit cards currently available in the Australian market and give you the tools to make the best decision for your unique financial journey. -
Licensed: We operate under ACL 518788.