Amex has recently relaunched their American Express Business Explorer Credit Card product with a significantly reduced annual fee of $149 (was previously $395).
Get 100,000 Bonus Membership Rewards points when you apply online by 13 January 2021 and spend $3,000 on your new card within 3 months of your approval date. Offer available to new card members only.
In addition to the reduced annual fee, there is an introductory rate of 3.99% p.a. on purchases for the first 6 months (reverts to 19.99% p.a). The annual business loyalty bonus has also been removed, however the significantly reduced ongoing annual fee could offer more value to businesses which do not meet high annual spend threshold.
Key benefits:
* 100,000 bonus Membership Rewards Gateway points (new card members)
* Earn rate of up to 2 points per $1 spent (the equivalent of 1 frequent flyer point per dollar in airline schemes incl. Singapore Airlines KrisFlyer, Cathay Pacific AsiaMiles and Velocity)
* 3.99% p.a. on purchases for the first 6 months (reverts to 19.99% p.a).
* Add up to 99 Employee cards at no additional cost
* While most of us aren’t travelling much right now, there’s also comprehensive domestic and international travel insurance, two entries to the American Express Lounge, fast track to Hilton Honors Silver status and access to The Hotels Collection accommodation booking benefits
Eligibility:
To apply for this card, you must have an annual business revenue of $75,000 or more and your business must have a valid ABN registered for GST.
To receive the 100,000 bonus Membership Rewards points, you must not currently hold or have previously held a Card product issued by American Express Australia Limited in the preceding 18 month period. Previous and existing bank-issued American Express companion Card Members are eligible for this offer.
For more information, check out our card post here
For existing cardholder, has the annual fee reduced too?
updated: this is the business card, ignore my comment