American Express is offering $0 monthly fee for the first year for new Card Members of the American Express Cashback Credit Card.

This is the newest product being offered by American Express as they participate in the Australian cashback market.

Digging into the benefits of the American Express Cashback Credit Card

Card Details

CardAmerican Express Cashback Credit Card
Loyalty programN/A
Cashback1% Cashback per $1 spend on purchases, with no cap
0.5% Cashback per $1 spent at government bodies in Australia
Points earned from spendN/A
Included insurancesSmartphone Screen Cover, Card Refund and Purchase Cover (PDS)
Overseas transaction fee3% of the converted amount
Mobile walletApple Pay, Google Pay and Samsung Pay
Annual fee$10 ongoing Monthly Fee

How does the Cashback work?

Card Members will receive cashback on their purchases according to the following rates:

  • Earn 1% Cashback per $1 spend on purchases, with no cap
  • Earn 0.5% Cashback per $1 spent at government bodies in Australia

For a purchase to be eligible for Cashback, it must be at least $1 and the value of each purchase will be rounded down to the nearest dollar before Cashback is calculated.

BINGE Basic Subscription

Card Members will receive a BINGE basic subscription, valued at $10 per month and essentially offsets the monthly fee of the Card. BINGE comes complete with some of the world’s best shows, including the biggest dramas, plus comedy, reality, crime, docos, movies and more.

American Express Plan It

American Express launched ‘Plan It’ in mid-2020, which allows Card Members to create instalment plans that allow for equal payments to be distributed over a 3, 6 or 12 month payment period. There is a monthly fixed fee to access this feature, with up to 10 Plan It plans with a minimum of $150 balance able to be created.

Other card benefits

The other key benefits that come with the Cashback Card are:

  • Smartphone Screen Cover: up to $500 of screen repairs if you accidentally break your smartphone screen, with a 10% claim excess
  • Card Refund and Purchase Cover
  • American Express Entertainment Lounge Access

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.

Read the Point Hacks guide to using Apple Pay or for using Google Pay and Samsung Pay, including instructions on how to add your American Express card to those services.

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

To apply for an American Express Cashback Credit Card, you’ll need to meet the following criteria:

  • You are 18 years of age or older
  • You’re an Australian citizen or permanent resident
  • You have no history of bad debt

Summing up

It is great to see American Express branching into new types of cards to appeal to a wider consumer. For those that are looking to reduce their monthly credit card bill rather than receive rewards for flights and other merchandise, then the Cashback Card may well be for you.

If Cashback is not your thing, and you are looking for cards that offer points to redeem for travel and other rewards, then make sure to review other American Express Cards that are on offer.

$0 monthly fee for the first year with the American Express Cashback Credit Card was last modified: November 8th, 2022 by Daniel Sciberras