American Express are offering 5,000 bonus Membership Rewards points and no annual fee on the first year with the Platinum Edge. This includes $200 travel credit each year, 3 points per $ at supermarkets, and 2 points per $ on fuel.
- 5,000 Membership Rewards point bonus
- $200 travel credit each year which can be used for flight, hotel or rental car bookings with Amex Travel
- Travel and purchase protection insurances (PDS)
- 3 Membership Rewards points earned per $ spent at supermarkets, 2 points earned per $ on fuel, and 1 point per $ everywhere else except for utilities and the ATO
- 0% p.a. on balance transfers for the first 12 months, with a 1% establishment fee - maximum balance transfer is $10,000 or 70% of your approved credit limit, whichever is less
- Annual fee: Free on the first year (usually $195 p.a.)
- Card Members who currently hold or who have previously held any other Consumer Credit Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer.
- $750 minimum spend in 3 months required to earn bonus points
- Offer ends: March 27, 2017
Point Hacks earn a maximum of $200 per applicant for this card. More about this →
American Express are offering an appealing no annual fee deal on the Platinum Edge card, which was also recently updated to include a $200 travel credit. The offer for new cardholders also comes with 5,000 bonus Membership Rewards points after $750 minimum spend in the first 3 months of holding the card.
The Platinum Edge is a solid card for serious points collectors for earning points from their day to day spend – it offers 3x bonus Membership Rewards points at Supermarkets and 2x on Fuel. The standard annual fee is $195.
Why Platinum Edge?
The key benefit of the Platinum Edge this card is opening the door to more points earned from your everyday spend rather than an offering to reduce fees or a large number of signup bonus points.
The American Express Platinum Edge credit card is one of the cards that can maximise your points-return over the long-run. Thanks to the bonus points on offer at supermarkets and for fuel, it can be one of the best cards to hold for those trying to collect points outside of Qantas Frequent Flyer – points can be transferred to Velocity, Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles, and more.
|Card||American Express Platinum Edge|
|Loyalty program||American Express Membership Rewards can transfer to Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles and more|
|Points earned from spend||3 points per $ on spend at Supermarkets, 2 points per $ at petrol stations, and 1 point per $ everywhere else excluding utilities and the ATO|
|Earns points at ATO||Yes - 0.5 points per $|
|Travel benefits||$200 Travel Credit each year, plus travel insurance coverage for travel booked on the card|
|Included insurances||Travel and purchase protection insurances (PDS)|
|Overseas transaction fee||3% of the converted amount|
Effective Frequent Flyer Program Point Earn Rates
|Frequent Flyer Program||Points earned from spend|
|Velocity Points||1 point / $|
|Singapore Airlines KrisFlyer Miles||1 Mile / $|
|Cathay Pacific Asia Miles||1 Mile / $|
There’s also a $200 Travel Credit that can be used through Amex Travel which can offset some of the annual fee.
The earn rate on everyday spend of 1 point per $ is good, but it’s the 3 points per $ spent in supermarkets, 2 points per $ on fuel and the number of transfer partners that American Express Membership Rewards offer that make it a potentially great points earner.
Digging into the American Express Platinum Edge benefits – Earning Membership Rewards Points
The Platinum Edge accrues points in American Express Membership Rewards, which is one of the most versatile and flexible points program in Australia.
You can earn 3 points per $ on spend at Supermarkets, 2 points per $ at petrol stations, and 1 point per $ everywhere else, with 0.5 points per $ for ATO, other government charges and utilities.
For regular credit card users, this is one of the best points earning cards out there, given the potential to triple your points haul on your everyday shopping.
Here’s where you’ll be able to earn triple and double points:
|Supermarkets qualifying for bonus points with American Express|
|Coles and Coles Online|
|IGA and Foodland|
|Woolworths and Woolworths online, Thomas Dux & BigW|
|Food For Less|
|Harris Farm Markets|
|Petrol stations qualifying for bonus points with American Express|
|Caltex, Caltex Woolworths|
You can earn and transfer Membership Rewards points from your daily spend to Virgin Australia’s Velocity program, Singapore Airlines Krisflyer, Cathay Pacific Asia Miles, Malaysia Airlines Enrich, Virgin Atlantic Flying Club and the Starwood Hotels Preferred Guest programs. Qantas is not a partner.
The large number of partners allows for a greater amount of flexibility in how you use your hard-earned points, giving you options you might not have had with a single airline card.
Outside of Velocity, Asia Miles, KrisFlyer and Starwood Preferred Guest are the three key transfer partners for the Platinum Edge. Asia Miles is great for redemptions with the oneworld alliance airlines – including Qantas – while KrisFlyer is great for long-haul Business and First Class flights with Singapore Airlines. Starwood Preferred Guest are a solid hotel partner with a large range of premium hotels.
You can also often get extra points through other areas of American Express, such as American Express Travel bookings, Travel Insurance and Foreign Exchange.
Card Benefits – $200 Travel Credit
The $200 travel credit that comes with the American Express Platinum Edge can be booked through American Express Travel (online only) and used for a single flight, hotel or car rental booking with a cost of $200 or more. You can use the $200 credit each year on renewal of your annual fee.
Our full guide how to get the most of the the Amex Travel Credit benefit gets into more details on some of the key terms and how to maximise it’s value.
Platinum Edge used to include a free domestic flight. For existing cardholders with this benefit, American Express confirmed that they are also having this replaced by a $200 travel credit.
The change kicks in on March 30th – if you use the free flight by March 29th, existing cardholders won’t immediately receive the travel credit but will see it on their account on their next card anniversary. Those who haven’t used the flight before March 30th should find it automatically replaced with a travel credit on that date.
Other Card Benefits
The other key benefits that come with the Platinum Edge are:
- Overseas Medical Emergency Expenses Cover
- Travel Cancellation Cover
- Baggage, Money and Documentation Cover
- Personal Liability Cover
- Travel Inconvenience Cover
This guide references some of the benefits of insurance policies provided with this credit card.
You should read the PDS and obtain independent professional advice before obtaining this product.
Maximising the value you get from your American Express Platinum Edge
There are a few ways you can really earn the most points out of your Edge card, if you plan and purchase carefully.
Spend in supermarkets on gift cards, & using them to buy elsewhere
It’s possible to bump up the earn on Membership Rewards points earnt at supermarkets, over to spend at other merchants and it’s a way of increasing your points earn across MANY retailers, not just at the major supermarkets.
It relies on both Coles and Woolworths (for the examples given here) selling gift cards for a wide variety of other merchants in store – where you’ll receive triple points for the spend.
Membership Rewards will return triple points on all purchases that can be made with a credit card in supermarkets, including purchases of gift vouchers.
Woolworths and Coles offer gift cards for a range of partners. I’ve summarised them in a specific guide to earning points from gift cards, and a dedicated tool for finding merchants that are ‘gift-cardable’.
So for any of the partner merchants, you may be able to, for example, turn a $500 purchase into 1500 Membership Rewards points by buying a $500 voucher at a supermarket to make the purchase.
Obviously this is simplest to accomplish for large purchases, such as electronics or hotel stays, or frequent purchases, such as alcohol or iTunes. One-off or smaller purchases from gift-cardable merchants may not be worth bothering with.
Using Gift Cards from Supermarkets with the Platinum Edge triple points earn is an easy way to supercharge your Membership Rewards balance with minimal effort, and just a bit of planning.
Use Amex Offers with the Platinum Edge
Platinum Edge cardholders can access ‘Amex Offers‘ which are immediate statement credits for hitting a spend target with a specific retailer.
Some examples are offers such as a $30 credit for $150 spent at Myer, or $50 for $350 spent with Qantas.
These offers are saved to your card account online or in the American Express app, and are worth keeping an eye on in case they hit the mark for any retailers you happen to shop with.
Remember to check the American Express referral program offers for the Platinum Edge
Often there can be a few more points available from referral offers if you know someone who has a Platinum Edge, in which case it could be worth taking up a referral from a friend or family member. Here’s our guide to the referral program.
Eligibility criteria for bonus points for existing American Express cardholders
American Express are quite specific about whether existing cardholders will be eligible for bonus points if they apply for a card, are approved, and meet the minimum spend criteria.
Firstly, if you hold a bank-issued American Express – e.g. from Westpac or from ANZ – that alone won’t affect whether you’re eligible for bonus points with an American Express branded card offer. There’s more in our guide to this here.
If you do already hold an American Express-issued card, then the type you hold impacts whether you’re eligible for a new cardholder bonus. American Express offer consumer (or personal) credit cards, consumer Charge cards, and business credit cards. If you hold a card in one of these categories and apply for a card in the same category, then you won’t be eligible for a bonus.
However if you hold a card in one category and apply for a new card in a different category, then you are eligible for the signup bonus. We’ve explained this in more detail here.
Summing up – American Express Platinum Edge
Hopefully this gives you the overview of why I think the Edge is one of the best cards on the market out there for day-to-day expenditure – unless you’re tied to Qantas Frequent Flyer for any reason, such as work travel, or a specific redemption opportunity that you know Qantas can only supply for you.
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