Welcome to our discussion on credit cards, where we explore the benefits and drawbacks of various cards to help you make an informed decision. American Express is a well-known credit card provider, offering a variety of cards to suit different spending habits and lifestyles. In this post, we will be focusing on the American Express Platinum Edge Credit Card, which is an excellent choice for individuals who want to earn rewards on their everyday purchases. Let’s dive into the details and find out why this card is a great option for those looking for a long-term rewards earning strategy.
Why the Platinum Edge Credit Card?
The main advantage of the Platinum Edge Credit Card is that it allows you to earn more points from your normal spending rather than by offering steep sign-up bonuses or fee reductions.
One credit card that can maximize your point return over time is the American Express Platinum Edge Credit Card. It can be one of the greatest cards to have if you’re wanting to accrue points outside of Qantas Frequent Flyer because points can be transferred to a variety of programs, including Virgin Australia Velocity, Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles, and more.
For the first year, new cardholders of the American Express Platinum Edge Card pay no annual card fee (normally $195). The card comes with a $200 annual travel credit, a smartphone screen cover, and gets 3 points for every $1 spent at major supermarkets and gas stations and 2 points for every $1 spent abroad.
- There is a $195 annual card fee beyond the first year.
- Receive a $200 Travel Credit per year that can be applied to any one eligible online reservation booked and paid for through American Express Travel, including flights, hotels, car rentals, and more (as of May 1, 2023, Travel Credit must be applied to a single transaction totaling at least $200).
- Free Domestic and International Travel Insurance (including limited cover related to COVID-19, T&Cs apply).
- For up to $500 in smartphone screen repairs, use the Smartphone Screen Cover.
- You have a choice in how you pay off the balance on your credit card with Plan It™ Instalments.
- Spend $1 at major supermarkets and gas stations to get 3 Membership Rewards points.
- Get 2 Membership Rewards Points for every $1 spent online or when traveling abroad on purchases made in foreign currencies.
- With all other purchases, receive one Membership Rewards point for every dollar spent.
- There is no point cap.
- Add up to 4 Cards at no additional charge.
Eligibility
Now is the time to consider what has to be done in order for you to apply for the American Express Platinum Edge Credit Card. You must be at least 18 years old and have no prior instances of bad debt or payment default in order to qualify. Additionally, you must possess a long-term visa, be an Australian citizen, or be a permanent resident. Long-term is defined as lasting at least a year, excluding student visas.
The card has a relatively high purchase rate, so it’s best to pay off the debt before the due date every month if you want the card and all of its perks and benefits to be worthwhile. Despite the large normal annual price, you do get a $200 Travel Credit per year, which more than makes up for the $195 yearly fee. The rest of the card’s features and perks are then yours “for free” as long as you choose to use that $200 on travel.
Who is it suitable for?
Individuals who wish to dabble in the platinum credit card lifestyle and a little extra travel without having to shell out a hefty annual fee. The American Express Platinum Edge card makes it simple to earn reward points as long as you have the self-control to responsibly use your credit card for both necessary and necessary splurges.
Making a choice
The American Express Platinum Edge Credit Card is a great option for long-term rewards earning because it offers cardholders an exceptional earn rate on their regular shopping at supermarkets and gas stations.
By providing a $200 Travel Credit each year, the card’s $200 annual charge is more than offset, adding value to the remaining features and benefits. Also, if they apply and are approved, new cardholders can benefit from a $0 annual card charge in the first year.
Unless you’re connected to Qantas Frequent Flyer for any reason, like job travel or a specific redemption opportunity that you know Qantas can only provide for you, we hope this article has shown why we believe the Edge is one of the best cards available for everyday purchases.