American Express is offering 100,000 Membership Rewards points plus no annual fee for the first year for new Card Members of the American Express Business Explorer until 22 April 2020.
The card is very similar to the personal version of the American Express Explorer but with a few key differences which gear the business card toward consistently high spenders looking for high points return on their spend.
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 no previous Card Holder of an American Express-issued card within the last 18 months are eligible for the bonus. If you have held a bank-issued American Express card, such as those from ANZ or Westpac, you will still be eligible for the bonus.
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 cards
1. Earn 50,000 bonus points each year by spending $100,000
This is a simple, annual retention bonus designed by American Express to incentivise its high spenders on the card to keep and use the card on an ongoing business.
The $100,000 spend requirement equates to just under $8,335 per month on average, so depending on how you operate your business, it’s a sizeable bonus to have by trying to put more spend onto your Business Explorer card.
50,000 points annually is a sizeable amount, and is an initiative we would love to see more of from more banks to keep Card Members.
2. No $400 travel credit each year or smartphone screen insurance
50,000 bonus points are essentially offered to replace the $400 travel credit which is available on the Personal Explorer card. This is an understandable strategy, as 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.
3. Interest rate of 16.99% p.a. on all purchases
The Business Explorer card offers a slightly lower interest rate 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 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 insurances 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
|Overseas transaction fee||3% of the converted amount|
|Minimum income requirement||Annual business revenue of $75,000 or more|
|Annual fee||$0 for the first year, $395 p.a. ongoing|
Earning points with the American Express Business Explorer
The card belongs to the American Express Membership Rewards Gateway program for points earned and redemption. We’ve covered Membership Rewards in-depth in our full guide to the program here.
The good thing is that Gateway now has the same transfer rates as the other type of Membership Rewards such as the Ascent and Ascent Premium, making it simpler to understand and compare earn rates across the various Amex cards that earn into the Membership Rewards program.
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|
|Velocity Points||1 point / $1|
|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 the full points on the Business Explorer 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
Velocity Frequent Flyer
|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)
Your US$75 credit can be used to eat at restaurants within the hotel
Included travel insurances
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 covers incidents such as:
- Damaged, destroyed, lost or stolen personal baggage, money and documents during your trip
- Card Account Balance Waiver Cover
- Medical Emergency Expenses Cover
- Delayed flight or missed flight connection
- Luggage delay for luggage checked on a scheduled flight
- Travel disruption due to the unforeseen and unavoidable cancellation of a trip
Just like most other credit card insurances, to activate the travel insurances – you’ll need to have paid for the travel expenses 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.
American Express Apple Pay, Google Pay and Samsung Pay support
American Express cards support Apple Pay, Google Pay and Samsung Pay, meaning you can use this card on your smartphone for easier payments. Find out more in our guides below.
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 compares with other American Express Business Cards
When looking at the American Express Business card range, the Business Explorer card fits neatly above the Business Accelerator card (no longer available to New Card Members as of early 2019), which has 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 Business Platinum Charge card which is on a whole other level in terms of benefits – but also fees. The points earn rate on the Business Platinum Charge 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
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 which will reward them in subsequent years of holding it with the 50,000 point bonus for spending $100,000 annually.
If you don’t meet that spend criteria, then arguably the personal version of the Explorer card is the more useful option—the $400 travel credit that comes with that card is not conditional on spend levels, whereas the bonus points are. American Express are also fine with using their personal cards for business purposes and, otherwise, the differences between the cards are relatively minor.