American Express Low Rate Credit Card
The American Express Low Rate Credit Card offers a range of benefits including no annual fee, a low ongoing interest rate.
Updated 14 April 2025
See if there's a better deal in 60 Seconds
As the name suggests, the American Express Low Rate credit card is American Express' product. This is also the only credit card American Express offers in the category. Featuring a competitive Purchase interest rate of 10.99% p.a., which is American Express' lowest, and including up to 55 interest free days, this product is great for minimising interest and managing cash-flow, if you want flexibility with your monthly repayment. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 10% lowest purchase rates. Further, the product has no annual fee, which is American Express' lowest standard annual fee. As a result, this card is one of only a limited number that offer an ongoing $0 Annual Fee.
Considering its key features, this card is most suitable to someone who wants the peace of mind that if they do need to pay interest from time to time, the rate will be competitive. Other benefits include no additional cardholder fees. Please note, that commonly in the Australian market, acceptance of American Express cards for payment in comparison to Visa and Mastercard isn’t as broad. Also, there is a greater level of merchant surcharging on American Express cards in comparison to Visa and Mastercard, noting that Visa and Mastercard can also attract surcharging by some merchants.
•
No rewards program
•
$0 annual account fee
•
No additional cardholder fee
•
Up to 4 additional cardholders
•
3.00% international transaction fee
Other fees may apply.
•
10.99% p.a. variable purchase rate
•
Up to 55 interest free days on purchases
•
Purchase Protection Cover
•
Refund Protection Cover
See if there's a better deal in 60 Seconds
Before applying for this product, you should read the Target Market Determination (TMD) available here on the American Express website.