Given how international travel isn’t going ahead for another year or so – and that’s still being very optimistic – American Express has now launched a rather enticing alternative to your current cards that’ll usually earn you Frequent Flyer Points: the American Express Cashback Card.
As the name suggests, this is a card that gives you a cut of the cheddar you spend back as a statement credit to your card account. You read that right… for every dollar you spend, you’ll get up to 1% Cashback. Think of it as a rebate on every eligible purchase. And for a limited time, you’ll also receive a 5% Bonus Cashback in the first three months, up to $200 Cashback, when you apply online by 19 January 2022 and are approved. No monthly fee will be charged for your first 12 months of Card Membership, either. New Card Members only.
Beyond that, it also provides an entire host of niceties that’ll get plenty of use in your post-COVID lifestyle – from what is arguably Australia’s finest streaming service with an impressive content catalogue that’s actually worth the time of day, to Chris Hemsworth’s acclaimed fitness app as a safeguard against sloppy summer rigs.
Here’s what you need to know about the American Express Cashback Card.
What you earn
With the American Express Cashback Card, you can earn up to 6% back from your spending during the introductory period as a new member. That’s 5% Cashback on purchases during the first three months of card membership if you’re new to American Express (up to $200 Cashback) on top of the usual 1% earned from regular spending (0.5% on government spend) when you apply online by 19 January 2022 and are approved. New Card Members only.
After the first three-month period is over, however, you’ll revert to earning 1% from regular spending and 0.5% on government-related spend. No monthly fee will be charged for your first 12 months of Card Membership.
Then there’s the matter of Amex’s Shop Small earn rate – an additional 1.5% Cashback for card members who save the offer and spend in-store or online at participating Shop Small businesses until March 31st of 2022 (up to $200 back).
American Express Cashback Card benefits
As previously mentioned, the standout benefits include the Binge Basic subscription (valued at $10 per month) as well as 12-months access to Chris Hemsworth’s Centr fitness app (valued at $119.99) when you enrol by February 14th of 2022. We’ve made no secret of our love for both platforms at BH. In fact, you can read more extensively about the streaming service here and the wellness hub here. It’s almost worth signing up solely for these two aspects alone.
In keeping with careful consideration for what the modern operator needs in these treacherous times marked by cheeky mid-week pub sessions, shallow pockets, and your fast-paced everyday life, the American Express Cashback Card also comes with Smartphone Screen Insurance when you purchase your phone outright or pay your monthly phone bills with your Cashback Credit Card. God forbid the need ever arises, but it’s always better to have something and not need it than need something and not have it.
To top it all off, this card is yours for a reasonable monthly fee of just $10 as opposed to the comparatively hefty annual sum attached to similar cards you probably have in your wallet right now.
Other worthwhile benefits are as follows:
- Refund & Purchase Protection
- Access to Amex Entertainment Lounges, Plan It Instalments, Amex Offers
- 4 up to Additional Card Members for no additional fee
- Up to 55 interest free days
- Interest Rate of 20.74% p.a.
Check out our overview below
Terms & Conditions
Before we get started, there’s just a handful of details to consider.
Applicants must be 18 years of age or over, and earn a minimum income of $40,000 per annum to apply for the American Express Cashback Credit Card. They must be an Australian Citizen or permanent resident or hold a long term visa. Long term means 12 months or more and does not include a student visa.
American Express income and credit approval criteria applies. Subject to Terms and Conditions. Interest rates, fees, and charges apply. All interest rates are quoted as an Annual Percentage Rate. All information, including fees, charges, and interest rates are correct as of 23 March 2021 and are subject to change. Cards are offered, issued, and administered by American Express Australia Limited ABN 92 108 952 085, Australian Credit Licence No. 291313.
That juicy 5% Bonus Cashback offer is only available for the first three months of card membership and is capped at $200 Cashback. Offer only available to new American Express Card Members who apply online and are approved. Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer. This offer is on top of the base 1% Cashback which has no cap.
Eligible purchases must be at least $1 and the value of each purchase will be rounded down to the nearest dollar before Cashback is calculated. Transactions with government bodies will earn at the rate of 0.5% per dollar spent. Merchants classified as government (Australian Taxation Office, Australia Post, federal + state + local government bodies).
Cashback will be paid as a statement credit to your account each month and included in your monthly statement if said account is in good standing and no overdue – not redeemable for cash, including through a credit balance refund.
Smartphone Screen Insurance, Purchase, & Refund Protection
Insurances are underwritten by Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL No. 239687) (Chubb) and are subject to Chubb terms, conditions, and exclusions – see the full Terms and Conditions available here. This does not take into account your objectives, financial situation or needs. It is important for you to read the American Express Cashback Credit Card Insurance Terms and Conditions available here and consider whether this insurance is appropriate for you.
To apply for the American Express Cashback Card, click here.
Boss Hunting earns a referral bonus from American Express for anyone that’s approved through the links in this article. This commission helps keep Boss Hunting running, and we thank you for your support.