Ask Roland a Question

Hi, I’m the site founder and I will personally answer your question within a business day.

By submitting this question you agree to our privacy policy.

American Express Platinum Edge Credit Card
1 review

American Express Platinum Edge Credit Card

points over 12 months Calculate your savings icon

Earn rate per $1

1 point Amex Membership Rewards

Bonus points

20,000 points Spend $750 in the first three months

Annual fee

$149 p.a.

Pros

Earn 20,000 Membership Rewards bonus points if you apply online, are approved and spend $750 within the first 3 months

Earn 3 Membership Rewards points per dollar spent at major supermarkets

Earn 2 Membership Rewards points per dollar spent at major petrol stations

Earn 1 Membership Rewards point per dollar spent on all other purchases

Pay a low 2.99% p.a. on purchases for the first 6 months (reverts to 19.95% p.a.)

Complimentary direct domestic return flight every year

Complimentary Domestic and International Travel Insurance Cover, when you pay for travel on your Card

Cons

High ongoing interest rate of 19.95% p.a. for purchases. Therefore like all rewards cards, is best for people that pay off their balance in full each statement period

100% of customers who have rated this card would recommend it
  • Rates
    50%
  • Fees
    66%
  • Rewards
    89%
  • Customer Service
    82%
  • Value
    0%
Overall user rating 76%
1 reviews
Interest Rates
Purchase rate 19.95% p.a.
Introductory purchase rate 2.99% p.a. for 6 months
Cash advance rate 21.95% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Credit limits
Minimum credit limit $N/A
Maximum credit limit N/A
Fees & repayments
Annual fee $149 p.a.
Additional cardholder fee Up to 4 at no extra cost
Cash advance fee $2
Foreign transaction fee 2.5%
Minimum repayment $10 or 3% or full closing balance for Amex Platinum Charge Card
Late payment fee $25
Credit card type American Express
Rewards program
Rewards program Amex Membership Rewards Amex Membership Rewards
Bonus points 20,000 Amex points
Annual points cap uncapped
Bonus points spend criteria Spend $750 in the first three months
Earning points with this card
Amex points 1 point per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month N/A
Complimentary insurance
Overseas travel insurance yes - up to months
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Complimentary direct domestic return flight every year

American Express Platinum Edge Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.co.nz.

Our review of the American Express Platinum Edge Credit Card

When you’re looking for a great value, feature-packed rewards card, it’s hard to go past what’s on offer at American Express. With a wide range of rewards card offerings, American Express seems to have something for everyone. Whether it’s a no annual fee rewards card or an all-singing, all-dancing prestige option, Am-Ex pretty much has it covered.

Sitting somewhere in the middle of the field, the American Express Platinum Edge Credit Card not only offers an incredible introductory offer and a great selection of features and perks, it also has a decent rewards programme. Ready for the best bit? At $149 per year, this card packs a punch while packing in the value.

What we love...

With so many things to love about this card, it’s hard to know where to begin. So, to make things easier, let’s jump into its enticing introductory offer. This offer happens to be two-sided, made up of a bonus rewards points offer and a purchase rate offer.

First up, the bonus points offer. All you need to do to be eligible for this one is apply online and spend $750 on your card within three months of approval, and you will be credited with 20,000 Membership Rewards bonus points to spend as you please. Just like that!

To make that spend even easier, the card’s purchase rate offer gives you 2.99% p.a. on purchases for six months. So, if you want to make a large purchase – or even lots of little ones – you could save a decent amount in interest during that intro period.

However, it is worth pointing out that clearing your balance each statement period will obviously save you the most in interest. Doing this also allows you to take advantage of one of the card’s other handy features, which gives you up to 55 days interest free on purchases. Check the terms and conditions to find out more about how this works.

Last on this love-in list is the annual fee. While $149 per year is a significant amount of money, it’s worth thinking about what you are getting in return for that fee. If you use your card extensively and earn heaps in rewards, and if you make use of all the handy features and perks on offer, you may find you get way more out of your card than you are putting in.

What’s not so great...

The key to choosing the right credit card is to find the one that provides everything you need, for the lowest possible cost. After that, it’s simply a matter of dealing with the card correctly to get the most out of it – and to avoid paying out any unnecessary costs.

When it comes to rewards cards, there is plenty of important factors to be aware of – the most important of which, is making sure you get back more than you put in. With the American Express Platinum Edge Credit Card, the rewards programme and points-earning potential is great – as long as it works for you.

It’s also worth pointing out the card’s interest rate as a factor to note. With a standard variable purchase rate of 19.95% p.a., this is not a card that you want to carry a balance on. If you carry a balance month to month, you may find you pay out more in interest than you get back in rewards and features.

Why should you choose this card?

We’ve talked about some of the things we love about this card, as well as some of the things to watch out for. If you’re still undecided as to whether the American Express Platinum Edge Credit Card is right for you, here is the rest of the need-to-know on the card.

Rewards

As this is a rewards card, it makes sense to look more closely at the rewards programme. Here’s the points-earning breakdown:

  • Earn 3 Membership Rewards points per $1 spent at major supermarkets
  • Earn 2 Membership Rewards points per $1 spent at major petrol stations
  • Earn 1 Membership Rewards point per $1 spent on all other purchases
  • Major supermarkets include Countdown, Countdown Online, Farro Fresh, FreshChoice, New World, Nosh, PAK'nSAVE and SuperValue, while major petrol retailers include BP, Caltex, GAS (Gasoline Alley Services), Gull, Mobil, Shell and Z. To eligible for those additional points at these retailers, the transactions have to be made in New Zealand.

If you want to earn points even faster, you can get your family in on the action. Simply apply for a supplementary card for family members at no additional cost, and watch those points start stacking up.

When it comes to redeeming the points you earn, there are a few options open to you. You could choose to redeem your points on the Membership Rewards programme for gift cards, entertainment or retail goods, or you could turn your Membership Rewards points into credit on your American Express card.

Love travel? You could transfer points to Air New Zealand Airpoints Dollars or to any of American Express’s five other airline partner rewards programmes. Alternatively, you could visit any Harvey World Travel store, or redeem points for any flight on webjet.co.nz.

Platinum Perks

As it’s a platinum card, you’d expect the American Express Platinum Edge Credit Card to offer a few platinum perks. Luckily, this card doesn’t disappoint. As a cardholder, you can enjoy one complimentary direct domestic return flight every year, which includes one piece of 23kg baggage. You can book from as little as two weeks before you fly, up to 10 months in advance.

As for complimentary insurance cover, this card offers plenty of value. You can benefit from complimentary Domestic and International Travel Insurance Cover when you pay for travel on your card. This provides:

  • Overseas Medical Emergency Expenses and Repatriation Cover up to $2,500,000,
  • Travel Cancellation Cover up to $10,000,
  • Baggage Cover up to $10,000,
  • Personal Liability Cover up to $1,000,000,
  • Travel Inconvenience Cover offering cover for flight delay, missed connections and luggage delay.

Service

Having been awarded a 5-Star CANSTAR rating for Outstanding Value in the 2017 Credit Card Ratings (in the Flight Rewards $12,000 Annual Spend and $24,000 Annual Spend categories), this card seems to be a winner.

But it’s not just about features and rewards with this card, it also goes above and beyond on service. As a cardholder, you'll receive Platinum Priority Service from the American Express dedicated team, on hand to help with whatever you need, 24 hours a day, 7 days a week.

You can use your card around the world, at tens of thousands of locations, and you can access your account via smartphone, tablet or computer, no matter where you happen to be. You’ll also have access to handy online organisational tools, with peace of mind from the card’s Online Fraud Protection Guarantee.

Overall Rating

A truly rewarding rewards card, value-packed with platinum perks and features, plus 20,000 Membership Rewards bonus points and 2.99% p.a. on purchases for six months.

(showing the latest 10 Q&As)

American Express Platinum Edge Credit Card

Key features

  • Earn 20,000 Membership Rewards bonus points if you apply online, are approved and spend $750 within the first 3 months
  • Earn 3 Membership Rewards points per dollar spent at major supermarkets
  • Earn 2 Membership Rewards points per dollar spent at major petrol stations
  • Earn 1 Membership Rewards point per dollar spent on all other purchases
  • Pay a low 2.99% p.a. on purchases for the first 6 months (reverts to 19.95% p.a.)
  • Complimentary direct domestic return flight every year
  • Complimentary Domestic and International Travel Insurance Cover, when you pay for travel on your Card
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Have the right to work in New Zealand
  • Minimum income of $50,000 p.a.
  • You have your personal details ready to complete the online application
American Express Platinum Edge Credit Card
American Express Platinum Edge Credit Card

American Express Credit Cards

American Express Platinum Edge Credit Card

Updated 24 September 2019

Points Earn Rate (per $1 spent)

1

point

Amex

Rewards Program

Amex Membership Rewards

Bonus Points

20,000 pts

Spend $750 in the first three months

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Earn 20,000 Membership Rewards bonus points if you apply online, are approved and spend $750 within the first 3 months
  • Earn 3 Membership Rewards points per dollar spent at major supermarkets
  • Earn 2 Membership Rewards points per dollar spent at major petrol stations
  • Earn 1 Membership Rewards point per dollar spent on all other purchases
  • Pay a low 2.99% p.a. on purchases for the first 6 months (reverts to 19.95% p.a.)
  • Complimentary direct domestic return flight every year
  • Complimentary Domestic and International Travel Insurance Cover, when you pay for travel on your Card

  • High ongoing interest rate of 19.95% p.a. for purchases. Therefore like all rewards cards, is best for people that pay off their balance in full each statement period

Creditcard.co.nz review

Editor Review

American Express Platinum Edge Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.co.nz. about this card.

Our review of the American Express Platinum Edge Credit Card

When you’re looking for a great value, feature-packed rewards card, it’s hard to go past what’s on offer at American Express. With a wide range of rewards card offerings, American Express seems to have something for everyone. Whether it’s a no annual fee rewards card or an all-singing, all-dancing prestige option, Am-Ex pretty much has it covered.

Sitting somewhere in the middle of the field, the American Express Platinum Edge Credit Card not only offers an incredible introductory offer and a great selection of features and perks, it also has a decent rewards programme. Ready for the best bit? At $149 per year, this card packs a punch while packing in the value.

What we love...

With so many things to love about this card, it’s hard to know where to begin. So, to make things easier, let’s jump into its enticing introductory offer. This offer happens to be two-sided, made up of a bonus rewards points offer and a purchase rate offer.

First up, the bonus points offer. All you need to do to be eligible for this one is apply online and spend $750 on your card within three months of approval, and you will be credited with 20,000 Membership Rewards bonus points to spend as you please. Just like that!

To make that spend even easier, the card’s purchase rate offer gives you 2.99% p.a. on purchases for six months. So, if you want to make a large purchase – or even lots of little ones – you could save a decent amount in interest during that intro period.

However, it is worth pointing out that clearing your balance each statement period will obviously save you the most in interest. Doing this also allows you to take advantage of one of the card’s other handy features, which gives you up to 55 days interest free on purchases. Check the terms and conditions to find out more about how this works.

Last on this love-in list is the annual fee. While $149 per year is a significant amount of money, it’s worth thinking about what you are getting in return for that fee. If you use your card extensively and earn heaps in rewards, and if you make use of all the handy features and perks on offer, you may find you get way more out of your card than you are putting in.

What’s not so great...

The key to choosing the right credit card is to find the one that provides everything you need, for the lowest possible cost. After that, it’s simply a matter of dealing with the card correctly to get the most out of it – and to avoid paying out any unnecessary costs.

When it comes to rewards cards, there is plenty of important factors to be aware of – the most important of which, is making sure you get back more than you put in. With the American Express Platinum Edge Credit Card, the rewards programme and points-earning potential is great – as long as it works for you.

It’s also worth pointing out the card’s interest rate as a factor to note. With a standard variable purchase rate of 19.95% p.a., this is not a card that you want to carry a balance on. If you carry a balance month to month, you may find you pay out more in interest than you get back in rewards and features.

Why should you choose this card?

We’ve talked about some of the things we love about this card, as well as some of the things to watch out for. If you’re still undecided as to whether the American Express Platinum Edge Credit Card is right for you, here is the rest of the need-to-know on the card.

Rewards

As this is a rewards card, it makes sense to look more closely at the rewards programme. Here’s the points-earning breakdown:

  • Earn 3 Membership Rewards points per $1 spent at major supermarkets
  • Earn 2 Membership Rewards points per $1 spent at major petrol stations
  • Earn 1 Membership Rewards point per $1 spent on all other purchases
  • Major supermarkets include Countdown, Countdown Online, Farro Fresh, FreshChoice, New World, Nosh, PAK'nSAVE and SuperValue, while major petrol retailers include BP, Caltex, GAS (Gasoline Alley Services), Gull, Mobil, Shell and Z. To eligible for those additional points at these retailers, the transactions have to be made in New Zealand.

If you want to earn points even faster, you can get your family in on the action. Simply apply for a supplementary card for family members at no additional cost, and watch those points start stacking up.

When it comes to redeeming the points you earn, there are a few options open to you. You could choose to redeem your points on the Membership Rewards programme for gift cards, entertainment or retail goods, or you could turn your Membership Rewards points into credit on your American Express card.

Love travel? You could transfer points to Air New Zealand Airpoints Dollars or to any of American Express’s five other airline partner rewards programmes. Alternatively, you could visit any Harvey World Travel store, or redeem points for any flight on webjet.co.nz.

Platinum Perks

As it’s a platinum card, you’d expect the American Express Platinum Edge Credit Card to offer a few platinum perks. Luckily, this card doesn’t disappoint. As a cardholder, you can enjoy one complimentary direct domestic return flight every year, which includes one piece of 23kg baggage. You can book from as little as two weeks before you fly, up to 10 months in advance.

As for complimentary insurance cover, this card offers plenty of value. You can benefit from complimentary Domestic and International Travel Insurance Cover when you pay for travel on your card. This provides:

  • Overseas Medical Emergency Expenses and Repatriation Cover up to $2,500,000,
  • Travel Cancellation Cover up to $10,000,
  • Baggage Cover up to $10,000,
  • Personal Liability Cover up to $1,000,000,
  • Travel Inconvenience Cover offering cover for flight delay, missed connections and luggage delay.

Service

Having been awarded a 5-Star CANSTAR rating for Outstanding Value in the 2017 Credit Card Ratings (in the Flight Rewards $12,000 Annual Spend and $24,000 Annual Spend categories), this card seems to be a winner.

But it’s not just about features and rewards with this card, it also goes above and beyond on service. As a cardholder, you'll receive Platinum Priority Service from the American Express dedicated team, on hand to help with whatever you need, 24 hours a day, 7 days a week.

You can use your card around the world, at tens of thousands of locations, and you can access your account via smartphone, tablet or computer, no matter where you happen to be. You’ll also have access to handy online organisational tools, with peace of mind from the card’s Online Fraud Protection Guarantee.

Overall Rating

A truly rewarding rewards card, value-packed with platinum perks and features, plus 20,000 Membership Rewards bonus points and 2.99% p.a. on purchases for six months.

User reviews

American Express Platinum Edge Credit Card ( based on 1 Creditcard.co.nz user review )

76% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 19.95% p.a.

Introductory purchase rate 2.99% p.a. for 6 months

Cash advance rate 21.95% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt $N/A

Maximum credit limit N/A

Fees & repayments

Annual fee $149 p.a.

Additional card holder fee Up to 4 at no extra cost

Foreign transaction fee 2.5%

Minimum repayment $10 or 3% or full closing balance for Amex Platinum Charge Card

Cash advance fee $2

Late payment fee $25

Rewards and points

Rewards program

Rewards Program Amex Membership Rewards Amex Membership Rewards

Bonus points 20,000 Amex points

Annual points cap uncapped

Bonus points spend criteria Spend $750 in the first three months

Earning points with this card

Amex pointsAmex points 1 point per $1 spent

Points cap per month N/A

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance yes

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Complimentary direct domestic return flight every year

Overview

American Express Platinum Edge Credit Card

Key features

  • Earn 20,000 Membership Rewards bonus points if you apply online, are approved and spend $750 within the first 3 months
  • Earn 3 Membership Rewards points per dollar spent at major supermarkets
  • Earn 2 Membership Rewards points per dollar spent at major petrol stations
  • Earn 1 Membership Rewards point per dollar spent on all other purchases
  • Pay a low 2.99% p.a. on purchases for the first 6 months (reverts to 19.95% p.a.)
  • Complimentary direct domestic return flight every year
  • Complimentary Domestic and International Travel Insurance Cover, when you pay for travel on your Card

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Have the right to work in New Zealand

  • Minimum income of $50,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

(showing the latest 10 Q&As)

Similar Credit Cards

1 review
More info
points earned over 12 months
0.017 points
16.77% Complete (success)
Airpoints Dollars
200
points
16.77% Complete (success)
Airpoints Dollars
$195
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon

1 review
More info
points earned over 12 months
0.01 points
16.77% Complete (success)
Airpoints Dollars
50
points
16.77% Complete (success)
Airpoints Dollars
$0
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon

1 review
More info
points earned over 12 months
2 points
16.77% Complete (success)
Amex Membership Rewards
80,000
points
16.77% Complete (success)
Amex Membership Rewards
$1,250
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.