The American Express Platinum Edge Credit Card rewards its holders with a generous points program and offers significant savings right from the start, with the annual fee reduced to $0 for the first year for new customers.
More than anything, this card offers valuable rewards for those who like to save on flights and maximise their benefits according to their spending level.
Plus, you can say goodbye to worries with the additional insurances and protections included!
Keep reading to find out how the Platinum Edge American Express Credit Card can fit your lifestyle and provide you with more rewarding shopping experiences.
What you can expect from the American Express Platinum Edge Credit Card:
- Fast point earning with no annual cap: The Membership Rewards program gives you points for every dollar spent, and they add up quickly.
- 15,000 bonus points for those who sign up online and spend $3,000 on eligible purchases in the first 3 months after approval.
- 1 year without annual fees for new customers: While the usual annual fee is $195, if you haven’t had an American Express card in the last 18 months, you get a waiver in the first year.
- Complimentary travel insurance.
- American Express Travel: Get a $200 annual travel credit to use on domestic or international flights, accommodation, and car hire (terms and conditions apply).
- Extra purchase protections.
- Compatible with digital wallets.
- Up to 4 additional cards at no extra cost.
- Rewards at supermarkets and petrol stations: Earn more points when shopping at these establishments, with special earning rates.
Why the American Express Platinum Edge Credit Card is great for travel lovers:
Taking the American Express Platinum Edge Credit Card with you means enjoying a smoother, safer experience and considerable savings.
The Membership Rewards points can be used for gift cards or online shopping at Myer, but what we love most are the travel services:
- Convert points into flights: One of the biggest attractions is the ease of converting points into frequent flyer miles.
You can transfer them to airline partners like Virgin Australia or Singapore Airlines, for example, and save on your next holiday. - Partnership with Hilton Hotels loyalty program: Earn more rewards on hotel stays.
- Emergency card replacement almost anywhere in the world if you lose it while travelling.
- $200 for travel expenses every year as part of your American Express Travel Membership.
- Coverage for the cardholder, children, and spouse on both domestic and international trips through Complimentary Travel Insurance.
Some of the coverages include emergency medical expenses, trip cancellation and changes up to $10,000, and loss or damage to luggage, cash, or documents for the same amount.
Finally, we recommend that you set up a Travel Notice before departing, and consult the customer service team to check your eligibility for the insurance coverages.
Points Earning: How it works and how to redeem
The Platinum Edge offers different points earning rates depending on the type of purchase.
For example, when using the card at supermarkets or petrol stations, you earn more points per dollar spent compared to other categories.
However, it’s very convenient for those who are in a hurry to rack up as many points as possible, as even everyday purchases add up well, and the additional cards also contribute.
Plus, there’s no limit to how many points you can earn per year.
Here’s how you’ll earn points per dollar spent depending on the purchase type:
1️⃣ Point on everyday spending.
2️⃣ Points on foreign currency purchases abroad and online.
3️⃣ Points at major supermarkets and petrol stations.
Redeeming is super easy, and you can decide what to do with your points balance. Options include transferring points to frequent flyer programs, hotels, and gift cards from partner brands.
What are the possible downsides of the American Express Platinum Edge Credit Card?
There aren’t many negatives about this card, but a few things should be considered to make sure you’re using it in the best way possible.
After the introductory offer, the Platinum Edge annual fee is $195. For some, this might seem a bit high, especially if they don’t fully take advantage of the card’s benefits.
Finally, the variable purchase interest rate of 23.99% per annum might be a little higher when compared to other options.
Conclusion: is this card worth applying for?
First of all, it has benefits that can easily justify the annual fee, as long as you take advantage of its points earning potential and special travel services.
Plus, the first-year annual fee waiver is a great opportunity to try out the card with no financial commitment.
In summary, the features of this credit card make it one of the best for travellers and those who want to maximise rewards based on their spending.
Finally, as long as you have good credit and meet a few other requirements, it’s very easy to apply, with 100% online application access, which makes the approval process smoother.