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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 22 May 2024

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Expert Review

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 5% 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.

Product Details
Save with no annual Card fee and a low interest rate on purchases."
- American Express

No rewards program

Account Fees

$0 annual account fee

Additional Cardholder Fees

No additional cardholder fee

Up to 4 additional cardholders

Transaction Fees

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

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Before applying for this product, you should read the Target Market Determination (TMD) available here on the American Express website.

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