American Express offers a range of credit cards in Australia, each with different benefits and rewards cardholders might want to use. Some of the credit card types that offer benefits include:
Membership rewards credit cards
Amex Membership Rewards credit cards allow you to earn Membership Rewards points on eligible purchases, which are redeemable for various rewards and benefits. There are a range of different types of Membership Rewards credit cards available, each with its own rate at which you can accumulate points, benefits and annual fees. Once you accumulate points, they’re available to redeem for gift cards, travel bookings, merchandise, credits to be used on your bill, or transferred to various partner loyalty programs. You may also get access to bonus point offers or special promotions, which will help boost your points balance and grow your rewards.
Before deciding on a card with a rewards program, it could be worth comparing the points-earning potential across various cards. When you’re comparing cards, you should take into account any minimum spend requirements or redemption fees. It's also worth looking at the annual fee associated with rewards credit cards, as they generally don't come cheap. If you're not careful, you may find that the fees and interest rates associated with the card outweigh any benefits you may receive with the rewards.
Travel rewards credit cards
Besides offering travel-related perks directly, such as bonus travel credit and complimentary airport lounge access, on some of its cards, Amex also offers frequent flyer credit cards. These cards can be linked to your Qantas and Velocity frequent flyer account and help you earn frequent flyer points. With these cards, every dollar you spend will help you increase the frequent flyer points with whichever program you’ve linked to the card. These can then be used for different travel perks.
Whether you're a Qantas or Velocity frequent flyer program member, Amex's frequent flyer credit cards offer seamless integration with your chosen program. This can help you potentially earn points faster and enjoy better travel opportunities.
No annual fee credit cards
American Express's no annual fee cards might be an attractive option for those who want to enjoy the benefits of an American Express card while keeping their overall cost low. These are often most suited to people who are unlikely to use the card regularly, are budget-conscious, or prefer to keep their expenses low.
By opting for a no-annual fee card, you can still access some of the benefits and rewards offered by Amex without paying the fees, which can eat into any benefits. If you’re looking for an Amex credit card to take advantage of things like travel benefits, travel credits or lounge access, you may want to look at the other cards that do come with annual fees. Ultimately, the most important thing is to choose a credit card that matches your spending habits, lifestyle, and preferences.