Overview of the AMEX Platinum Moneyback credit card

The AMEX Platinum Moneyback credit card is an honest and straightforward piece of plastic from the world-renowned American Express. This card aims to remove the enigma that comes with so many rewards programs. There is no searching through the small sprint trying to decipher the dollar value of your points when it comes to redemption. The AMEX Platinum Moneyback credit card tells you straight exactly how you’ll be rewarded for your spending: with money back.

Besides this, you will also benefit from Refund Protection, Purchase Protection, and the Amex Online Fraud Guarantee that ensures you will not be held accountable for any unauthorised transactions that occur online.

AMEX Platinum Moneyback credit card key benefits

These are the main features of the card at a glance:

  • Low annual fee of $99
  • $0 supplementary card fee
  • 5% money back for the first 3 months up to a $6,000 spend
  • 1% money back beyond $6,000
  • Money back rebate calculated on each purchase and credited monthly
  • Refund Protection – this will credit your account if you are refused a refund on an item that is unused and that meets the eligibility criteria
  • Purchase Protection – providing cover if your purchase is damaged or stolen within 90 days of purchase
  • Purchase interest rate of 20.74% p.a.
  • Platinum Service, providing round-the-clock support if you have any questions about your card

Earning money back with the AMEX Platinum Moneyback credit card

The AMEX Platinum Moneyback Credit Card is a different type of platinum credit card. This can be seen first of all in its low annual fee of just $99, but it is also evident in how it rewards the customer for spending on the card.

For the first three months after you receive your card, you will receive 5% back on your spending. This is up to a spend of $6,000, which equates to you receiving a credit back to your account of $300. Beyond the $6,000 mark, you will earn 1% back on your spending, and their is no upper limit; the more you spend, the more you get back.

For anyone who wants a simple and straightforward rewards programs that effortlessly and automatically credits your account each month, the AMEX Platinum Moneyback Credit Card may be just the card.