American Express is offering 100,000 Membership Rewards Points for new Card Members who apply for the American Express Business Explorer Credit Card until 19 October 2022.
The card is very similar to the personal version of the American Express Explorer but with a few key differences which make the business card a bit more practical to use for business owners.
There is a requirement of $3,000 minimum spend within the first three months to trigger the bonus points. Also, offer eligibility criteria states that Card Members who currently hold or who have previously held any other Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer.
Membership Rewards Points convert at a ratio of 2:1 Membership Rewards points to points in most frequent flyer programs. They also convert at a rate of 2:1 to Hilton Honors points and at a rate of 3:2 to Marriott Bonvoy.
This means the current 100,000 bonus points offer is equivalent to 50,000 points when transferred to frequent flyer programs such as Velocity, Krisflyer, Asia Miles and Etihad Guest Miles. We cover the transfer rates to different programs in more detail further down in the guide.
How you could use the bonus points from this card
All redemption figures above exclude any accompanying taxes, fees and charges. Points redemption price data is provided by a third-party. For an exact total redemption cost, please consult with the airline directly.
Key differences between the personal Explorer and Business Explorer Credit Cards
1. Lower annual fee
The Business Explorer Credit Card has a lower ongoing annual fee of $149 p.a. compared to the $395 p.a. on the personal Explorer Credit Card.
2. No $400 travel credit each year or smartphone screen insurance
The Business Explorer Credit Card does not include the complimentary $400 travel credit that’s available on the Personal Explorer Credit Card. This is an understandable strategy with the lower ongoing annual fee, and the $400 travel credit could be harder to use by some businesses for business travel purposes.
The smartphone screen insurance policy is also missing from the Business Explorer Credit Card.
3. Standard interest rate of 19.99% p.a. on all purchases
Aside from the current introductory rate of 3.99% p.a. for the first 6 months, the Business Explorer Credit Card offers a slightly lower standard interest rate of 19.99% if you need to carry a balance that incurs interest at any point. The interest rate is 20.74% on the personal American Express Explorer Credit Card.
Otherwise, the benefits are similar between both versions of the Explorer card
You’ll find that the points earn rates and partners, twice-yearly access to an American Express lounge, Travel Insurance and up to 55 days interest-free on purchases are the same for both cards.
Points earned from ongoing spend are set at a solid 2 Membership Rewards points per dollar, which equates to 1 frequent flyer points per dollar, again for most frequent flyer partners.
|Card||American Express Business Explorer|
|Loyalty Program||American Express Membership Rewards Gateway|
|Points earned from spend||2 Membership Rewards Gateway points earned per $1 on all purchases except government bodies where you will earn 1 point per $1 spent|
|Minimum Income||$75,000 p.a.|
|Included Insurances||Travel Insurance
Medical Emergency Expenses Cover (PDS)
|Overseas transaction fee||3% of the converted amount|
|Mobile Wallet||Apple Pay, Google Pay and Samsung Pay|
|Minimum income requirement||Annual business revenue of $75,000 or more|
|Annual fee||$149 p.a. ongoing|
Earning points with the American Express Business Explorer Credit Card
The card belongs to the American Express Membership Rewards program for points earned and redemption. We’ve covered Membership Rewards in-depth in our full guide to the program here.
The points earn rate on spend is 2 Membership Rewards points per dollar equates to 1 frequent flyer point (in Velocity, KrisFlyer, Asia Miles and most other frequent flyer programs) per dollar spent when transferred.
Effective Frequent Flyer Program Point Earn Rates
|Frequent Flyer / Hotel Program||Points earned from spend|
|Singapore Airlines Krisflyer Miles||1 mile / $1|
|Cathay Pacific Asia Miles||1 mile / $1|
|Hilton Honors||1 point / $1|
|Marriott Bonvoy||0.67 point / $1|
You’ll also earn full points on the Business Explorer Credit Card for utilities and bills, unlike some other American Express cards. This means you’ll get full points on ‘telecommunications’ and ‘utilities’ but not on government charges, such as ATO and Australia Post.
|American Express Membership Rewards Partners||Transfer Rates|
Malaysian Airlines Enrich
Singapore Airlines KrisFlyer
THAI Royal Orchid Plus
|2 Membership Rewards point = 1 frequent flyer point|
|Marriott Bonvoy||3 Membership Rewards points = 2 Marriott points|
|Hilton Honors||2 Membership Rewards point = 1 Honors point|
|Air New Zealand Airpoints||200 Membership Rewards points = 1 Airpoints Dollar|
American Express Travel Online
David Jones Pay with points
|20,000 Membership Rewards points = $100 travel reward|
Get a room upgrade and US$100 hotel credit at high-end hotels
Card Members of this product can get special benefits when staying two or more consecutive nights at a high-end hotel booked through American Express’ The Hotel Collection. You will get:
- a US$100 hotel credit to spend on dining, spa and resort activities
- a complimentary room upgrade at check-in (subject to availability)
Included Travel Insurance
As usual with the included insurances for credit cards, it’s not really possible to make a solid recommendation – each insurance is usually good for different reasons and different people.
The Travel Insurance included with the Amex Business Explorer Credit Card are the following:
- Personal Baggage, Valuables, Money and Travel Documents Cover
- Card Account Balance Waiver Cover
- Medical Emergency Expenses Cover
- Business Trip Completion Cover
- Trip Cancellation and Amendment Cover
- Travel Inconvenience Cover
- Public Transport Accident Cover
- Personal Liability Cover
Just like most other credit card insurances, to activate the Travel Insurance – you’ll need to have paid for your return trip on your card, or with your Membership Rewards points.
This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.
Considering this card for Business-related transactions?
American Express offer a range of both business and consumer charge and credit cards. They do permit business transactions to be made on personal cards, unlike some other banks, but you might find some of the other business-focused benefits of the business cards to be appealing or more appropriate.
So – if you’re a sole trader or a business looking to earn points with your business spend – this card would still work for that purpose.
There’s a full list of business and personal consumer American Express cards which might be suitable for earning points from business-related transactions here.
Unparalleled mobile wallet integration
American Express cards support Apple Pay, Google Pay and Samsung Pay, meaning you can use this card on your smartphone for easier payments.
With this feature set up, it means you could still use your NFC-enabled phone to make purchases with your American Express account, even if your physical card is lost or stolen and pending replacement.
Eligibility criteria for bonus points for existing American Express Card Members
American Express are quite specific about whether existing Card Members will be eligible for bonus points if they apply for a card, are approved, and meet the minimum spend criteria.
Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer.
American Express don’t allow existing Card Members, even for different types of American Express cards (e.g. Charge, Credit or Business) to be eligible for bonus points offers for cards in a different family.
How the Business Explorer Credit Card compares with other American Express Business Cards
When looking at the American Express Business card range, the Business Explorer Credit Card now replaces the void left by the Business Accelerator card (no longer available to New Card Members as of early 2019), which had a $160 annual fee, and 2 Membership Rewards Ascent points per $ spent which is also equivalent to 1 frequent flyer point per $1.
It’s then well below the $1750 p.a Business Platinum Card which is on a whole other level in terms of benefits – but also fees. The points earn rate on the Business Platinum Card is also higher across most spend at 2.25 points per $1 except on government spend where they are the same at 1 point per $1.
Our take on the American Express Business Explorer Credit Card
This is a great addition to the American Express Membership Rewards range and helps fill a niche for business owners with substantial spend patterns for a card.
If you don’t meet the criteria for this card, then arguably the personal version of the Explorer card is the more useful option—the $400 travel credit that comes with that card offsets the annual fee and can be quite useful for travels. American Express are also fine with using their personal cards for business purposes and, otherwise, the differences between the cards are relatively minor.