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American Express Essential Credit Card, 12 Months 0% BT (No Fee), No Annual Fee, $50 Credit with $500 Spend

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American Express Essential Credit Card, 12 Months 0% BT (No Fee), No Annual Fee, $50 Credit with $500 Spend
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drup on 21/02/2016 - 11:24 americanexpress.com (3403 clicks)
Last edited 22/04/2016 - 17:03 by 2 other users

Interest free balance transfer offer from American Express.

  • No BT fee
  • No Annual Fee
  • Great for people who just want to pay off some debt interest free.

note This is not to be mixed up with American Express cards from Banks (eg CBA, NAB, ANZ) this is directly with AE themselves.

DETAILS

  • Receive a $50 credit when you apply online, are approved and spend $500 on your new1 Card within the first 2 months of Card Membership
    $0 annual fee
  • Earn up to 1 Membership Rewards® point for every $1 spent
  • Transfer your points to a choice of 8 airline rewards partner programs
  • Smartphone Screen Insurance of up to $500 for screen repairs to your Smartphone when you pay for your phone or contract with your Essential Credit Card
  • 0% p.a. on balance transfers for the first 12 months
  • Enjoy a low interest rate of 14.99% p.a. on purchases

Referral Links

Business Explorer Card: random (1)

Referrer: 40,000 Reward Points

Centurion Personal Charge Card: random (8)

Referee gets 200,000 MR points. Referrer gets 150,000 MR points.

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Financial American Express Credit Card Interest Free

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closed Comments

  • [Deactivated] on 21/02/2016 - 16:55
    +1

    I signed up for this last month for the balance transfer, but realised after I had received the card that I didn't read the terms and conditions properly.

    "Excludes Card Members who have held any Card issued by American Express Australia Limited in the preceding 60 day period."
    As I have another American Express card, I was not eligible for the balance transfer offer.

  • alo1234 on 21/02/2016 - 17:25

    Does anyone know if I can transfer whatever I have on my credit limit or I can only transfer whatever I am currently owning the bank (e.g. credit already spent)?

    • jenkemjunkie on 21/02/2016 - 17:52
      +1

      You can transfer any amount you want. say you have $5000 debt on one card and you get a new card and say you want to transfer a $7K debt, it'll put your other card in +$2000 territory. It's really just one bank essentially 'bpaying' the other bank.

      Then you can ring the bank and ask them to move that to your savings account without incurring a once off cash advance fee (or just take the fee if you cbf). Because it's your money. Your mileage may vary however as the practice can be construed as credit card kiting.

    • drup on 02/04/2016 - 19:59

      Generally what ever you what. Your only limitation on this card is you can transfer a maximum of 70% of the limit you are approved for.

      For example
      Maximum credit limit approved by AEX = $10k
      Amount owing on 3rd party card = $2k

      Maximum transfer ability $7k despite your credit card only being $2k still.

  • Going Broke on 21/02/2016 - 17:40

    Does any one know if I can balance transfer from one Amex card to this one to avail this offer?

    EDIT: not available, need to be a new American Express card member to get balance transfer offer.

  • titan0r on 21/02/2016 - 18:17
    +1

    Can anyone recommend a visa/MC no annual fee (forever), Qantas frequent flyer credit card? I had an Amex from work which was a pain because it was not accepted by a lot of small retailers I shopped at.

    • JohnHowardsEyebrows on 21/02/2016 - 20:15
      +2

      I'd recommend a Woolworths Visa. You'll get 30,000 points first year for a reduced fee of $99. Each year call up to cancel, citing the $139 fee, and they're a good chance to waive it.

      • ugoagogo on 22/02/2016 - 01:07

        no bonus points at the mo

      • titan0r on 22/02/2016 - 07:03

        Thanks! Will have a look..

      • kcyw on 22/02/2016 - 13:16

        Thanks. $99 fee is a bit steep, any others? No bonus points on signup is ok for me.

        • JohnHowardsEyebrows on 22/02/2016 - 13:20

          Not really, the cheapest all around the $90 mark for Visa and MC earning QFF.

          As I said, better to pay the first year's fee and get the points, knowing you should get it for free thereafter.

  • Danstar on 21/02/2016 - 19:19

    Can you BT personal loans?

    • qtmai on 21/02/2016 - 20:20

      I would pay it into a credit card so you would have positive balance, withdraw it and then pay it into your personal loans.

      • OzSikh on 21/02/2016 - 21:41

        So if you have positive balance in CC and you then withdraw the money, bank wouldn't charge the Cash Advance Fee ?

        • bigspike on 21/02/2016 - 22:17
          +1

          most bank will still charge a fee, as it is the type of transaction not the balance of the account that triggers it.

        • jenkemjunkie on 22/02/2016 - 09:43

          Ring the bank and they can sort it out for free.

    • fantacular on 22/02/2016 - 11:44

      usually yes

  • T-man on 22/02/2016 - 01:17

    Dupe https://www.ozbargain.com.au/node/220023

    • BargainBob999 on 22/02/2016 - 05:24

      Listed as expired 3 months ago.

      • T-man on 22/02/2016 - 09:01

        Yes I know but what is the difference betwwen that and this post? Any new? Just the same information

  • Mrgreenz on 22/02/2016 - 05:59

    I love the phone screen insurance. Clumsy with phone, clumsy with cash, reel em in.

  • hanchar on 22/02/2016 - 10:37

    only new card;
    even existing card holder of different type excluded

    • JohnHowardsEyebrows on 22/02/2016 - 10:45

      In theory. In practice, they don't seem to enforce these rules.

      • hanchar on 22/02/2016 - 10:49

        Are you sure?
        Should I call them and ask?

        • JohnHowardsEyebrows on 22/02/2016 - 11:01

          They're not likely to tell you they won't enforce the rules, much less give you a guarantee for it.

          Better off to just apply for it. If they don't call you to say you're ineligible, you should be fine. Even if you don't get it, it's only $50 you lose, as the card's free.

  • jinxsphinx on 22/02/2016 - 11:33

    How strict are they with checking your income?

    • dropbolt on 22/02/2016 - 19:34

      you have to have a personal gross (pre-tax) annual income of $40,000 or more

    • JohnHowardsEyebrows on 22/02/2016 - 19:43
      +2

      To actually answer your question, not very.

  • harthagan on 23/02/2016 - 14:35

    So id be getting this card purely for the 0% bt and no bt fee function but i already have the amex platinum card issued direct by amex. Would i still be able to apply for this card and transfer a balance from my anz black card? Or would i be inelligible due to being an amex card holder already?

    If so, would it still be worth the chance of trying? Or is there better alternatives available? Dont want to pay an annual fee or a bt fee which is why this 1 looked good.

  • pkh on 23/02/2016 - 15:55

    I noticed the following "After selecting submit….we may offer you the opportunity to apply for a balance transfer"

    Has anyone applied for this and not been offered the balance transfer?

    I only want this card for the bt, I don't want to apply and then end up with a card I don't need.

    • pkh on 23/02/2016 - 18:49

      Pulled the trigger, it offered me the bt (only one though) Just gotta wait and see now.

  • yacman on 25/02/2016 - 12:35

    Can anyone give me a quick bit of advice on this deal Vs the Coles Mastercard? my understanding is the Coles MC is the best on the market at the moment, it offer's insurance for 2 years on items you purchase on price and accidents/theft. There is also a startup fee of only $69 and they have no conversion fee for overseas currencies, is there anything I'm missing on why you would go for this card instead?

    All I can think of is that the rewards points are better on AMEX? but for me the other perks of the Coles MC are more suited to my needs?

    • Neoika on 04/03/2016 - 21:37

      If you do not have one or more AMEX cards,you miss all the deals for AMEX.A true Ozbargainer should only have a no annual fee Coles MasterCard.

      • JohnHowardsEyebrows on 04/03/2016 - 22:57

        That's what they say. I've had four Amex cards in the past year…cancelled one in April, applied for three cards since: got the hefty bonuses on each of them.

  • Yon1 on 24/03/2016 - 15:08

    +1 got this card a few weeks ago.

    Im not even working got a $2000 one. Just stating my previous employer.

    Lucky maybe?

    Amex stupid? *tick

    On another note. Good customer service, no issue/bullshit card.

  • webtherapist on 12/04/2016 - 19:16

    0% p.a. on balance transfers for the first 12 months4 — A one-off credit plan establishment fee of 1% applies to any balances transferred. Learn more about balance transfers and see how much you could save with our Balance Transfer Calculator

    Just wonder what does this mean, if, for example I transfer $10,000 as BT, would I be charged $100 straight away or it would be $10,100 as total when open an account?

  • Dealneo on 28/04/2016 - 20:27

    How hard is the application process. I just started on the new job and I am moving house too. will it matter? please let me know. should I wait ?

    • TrailerTrash on 29/04/2016 - 07:39

      Easy application process from my experience. Very quick to turnaround and send the card.

      One word of warning to all customers of this card - I used it a little bit (i.e. Purchased on top of my BT balance) but then paid it off asap and ok got charged a tiny bit of interest - but since then I've been getting charged interest on my Balance Transfer amount and it took a couple of phone calls to get it all sorted out and (hopefully) switched off now..

      Goes without saying here on OzB but keep an eye on your statements and interest items.

      Enjoy!

  • tghtarse on 08/07/2016 - 22:32

    I applied this card and I got message saying we will process your application in 5-10 business days. I though all credit card providers have 60 second turnaround on approval or rejection. Did anyone got asked for documentation etc?

    • bluesky on 09/07/2016 - 03:55

      From memory, I think this was the same for my application as well. This was a while back now.

  • bluesky on 09/07/2016 - 04:15
    +1

    Update for this card: Back when this post was created, there was no referral for this card. Now you receive $75 with referral ($50 without) when you apply online, are approved and spend $500 in the first two months. Referral list here

    • noskich on 26/07/2016 - 14:02
      +1

      Thank you. I will do that. :) Regading the credit cards - always pay them off as soon as you make a transaction and it is all good. Get the points plus you have a free emergency money pot to access whenever for no cost with no fee cards.

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