American Express credit cards

American Express offers a variety of credit cards, ranging from standard credit cards to platinum credit cards. Within its range, AMEX has low-rate credit cards, low-fee credit cards, frequent flyer credit cards and rewards cards.

AMEX credit card rates and fees range from low to high based on the type of credit card. For example, its low-rate credit card has a low interest rate and no annual fee, while its Qantas and Virgin Velocity frequent flyer cards come with high interest rates, and fees tend to be higher.

American Express frequent flyer cards allow cardholders to earn frequent flyer points for spending, and its other rewards cards enable customers to redeem earned points for rewards such as David Jones gift cards and cash back.

Some American Express credit cards come with an introductory 0 per cent balance transfer rate and allow free supplementary cardholders.

Despite not having bank branches in Australia, American Express is nonetheless a well-known and relatively widely-used credit card provider. As such, it provides a diverse range of credit cards to suit different needs.

The two types of customers who are likely to be drawn to American Express credit cards are those looking to cut down on interest rates and fees, and those looking to earn rewards or frequent flyer points for spending.

While some AMEX cards offer value for money through lower rates and fees or rewards, keep in mind that many retailers in Australia add a surcharge to purchases made with American Express cards - which may end up costing you more in the long run.

In terms of rewards, though, AMEX offers plenty of flexibility, as different rewards programs are tailored to suit different types of rewards, such as frequent flyer points, gift cards and cash back.