The American Express Essential Rewards Credit Card lets you earn 5 Membership Rewards points per $1 spent at restaurants and eligible food delivery services, 3 points per $1 on selected streaming subscriptions, 2 points per $1 at selected in-store and online major retailers, and 1 point per $1 everywhere else. It also offers up to 55 days interest-free on new purchases when you pay the balance in full by the due date on each statement. Otherwise, a purchase interest rate of 23.99% p.a. applies.
American Express Essential Rewards Credit Card
![American Express Essential Rewards Credit Card](https://www.finder.com.au/niche-builder/66270cae185c5.png)
- Bonus points
- 80,000
- Purchase rate
- 23.99% p.a.
- Reward point per $ spent
- 1
- Annual fee
- $108 p.a.
Our verdict
Offers up to 80,000 bonus Membership Rewards Points, but you’ll have to spend $1,000 in each 30-day period for the first 120 days to get them all.
Pros
-
Up to 80,000 bonus Membership Rewards points
-
Up to 5 points per $1 spent on eligible purchases
-
Point transfers to 11 airline rewards partner programs
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Complimentary smartphone screen insurance cover and purchase insurance cover
Cons
-
3% foreign currency conversion fee
-
No complimentary travel insurance
Details
Product details
Product Name | American Express Essential Rewards Credit Card |
Purchase rate p.a. | 23.99% |
Interest-free period | Up to 55 days on purchases |
Min credit limit | $2,000 |
Card type | American Express |
Rewards
Rewards program | Membership Rewards |
Bonus points | 80,000 |
Rewards points per $ spent | 1 |
Fees
Annual fee | $108 |
Minimum monthly repayment | 2.5% of the closing balance or $30, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | 3% |
Additional cardholder fee | $0 |
Number of additional cardholders | 4 |
Your reviews
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Richard Finder
Editor
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