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American Express Explorer® Credit Card
American Express Explorer® Credit Card
No expiry date for Membership Rewards points
- HK$300,000
- Min. Annual Salary
- HK$1.68 = 1 Mile
- Miles Conversion (Eligible Foreign Currency Transaction)*
- 8 times per Calendar Year
- Complimentary Plaza Premium Lounge Access
MoneySmart Exclusive
【📣MoneySmart Exclusive: Elevate Your Rewards, Extend Your Journey!】
From now on until 30 November 2024, customers who successfully apply for the American Express Explorer Credit Card via MoneySmart can earn 108,000 American Express Membership Rewards points (eqv. to 6,000 miles) upon the qualified spending of HK$7,000 within the first 3 months. Receive an extra HK$100 rebate by first top up HK$300 via iPhone or Apple Watch to your Octopus in the first 3 months.
🛫 Zoom to Japan, Korea, and Taiwan with Ample Time!
Within the FIRST 6 MONTHS, earn HK$2=1 mile on eligible foreign currency transactions, up to 720,000 Points, enough to redeem for 40,000 miles. Plus, earn HK$4.5=1 mile on eligible local transactions, up to 432,000 Points, enough to redeem for 24,000 miles. That's a potential of up to 64,000 bonus miles! Enroll to earn as low as HK$1.68 = 1 mile of overseas spend!
From now on until 30 November 2024, customers who successfully apply for the American Express Explorer Credit Card via MoneySmart can earn 108,000 American Express Membership Rewards points (eqv. to 6,000 miles) upon the qualified spending of HK$7,000 within the first 3 months. Receive an extra HK$100 rebate by first top up HK$300 via iPhone or Apple Watch to your Octopus in the first 3 months.
🛫 Zoom to Japan, Korea, and Taiwan with Ample Time!
Within the FIRST 6 MONTHS, earn HK$2=1 mile on eligible foreign currency transactions, up to 720,000 Points, enough to redeem for 40,000 miles. Plus, earn HK$4.5=1 mile on eligible local transactions, up to 432,000 Points, enough to redeem for 24,000 miles. That's a potential of up to 64,000 bonus miles! Enroll to earn as low as HK$1.68 = 1 mile of overseas spend!
Are you eligible?
- Welcome Offer: 108,000 American Express Membership Rewards points upon the qualified spending of HK$7,000 within the first 3 months.
- Foreign Currency Spending Rewards: Earn HK$2=1 mile (based on 9X points) on eligible foreign currency spending within the first 6 months, allowing you to accumulate up to 720,000 American Express Membership Rewards points, equivalent to 40,000 air miles!
- Local Spending Rewards: Earn HK$4.5=1mile (based on 4X points) on eligible local spending within the first 6 months, allowing you to accumulate up to 432,000 American Express Membership Rewards points, equivalent to 24,000 air miles!
What you need to know
- Enjoy a HK$100 rebate by reloading HK$300 to your Octopus with American Express credit card within the first 3 months
All Details
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AMEX Explorer Credit Card - Annual Income Requirement & Annual Fee
| AMEX Explorer Card | Annual Income Requirement | Annual Fee |
|---|---|---|
| AMEX Explorer Card | HK$300,000 | HK$2,200 |
AMEX Explorer Card Review: AMEX Explorer Card Key Features
AMEX Explorer Card Pros
1. Earn 5 Membership Rewards points for every eligible spent on airlines and designated online travel and merchants (HK$3 = 1 mile)
2. No expiry date for Membership Rewards points
3. Redeem your membership rewards points for a wide range of rewards including miles, cash voucher, pay with points, travel with points, hotel points (Hilton Honors, Marriot Bonvoy), lifestyle gifts, etc.
4. You can transfer your points into 10 air miles partners without administration fees
5. Enjoy a wide range of travel perks, for example complimentary travel insurance and free access to plaza premium lounge
6. 10% off 4DX, 3D, 2D and IMAX regular priced movie tickets at Broadway Circuit
Enjoy first year annual fee waiver
AMEX Explorer Card Cons
1. AMEX is less commonly accepted by merchants compared to Visa and Mastercard
2. The mile conversion ratio of non-selected merchants is only HK$5＝1 mile
3. Foreign transaction fee is 2% which is higher than the average 1.95%
4. Annual fee can only be waived for the first year
5. Income requirement is higher than other miles credit card
AMEX Explorer Card Welcome Offers
| AMEX Explorer Card Welcome Offers | Eligibility | Are existing customers eligible? |
|---|---|---|
| First transaction rewards: 18,000 points (equivalent to 1,000 miles) | Upon successful application via MoneySmart and complete the first transaction within the first 3 months | Yes |
| Welcome bonus: 108,000 points (equivalent to 6,000 miles) | Spend HK$7,000 in the first 3 months | Yes |
| Foreign Currencies Spending Bonus: up to 720,000 points (equivalent to 40,000 miles) | Enjoy HK$1=9 points in the first 3 months | Yes |
| Local Spending Bonus: up to 432,000 points (equivalent to 24,000 miles) | Enjoy HK$1=4 points in the first 3 months | Yes |
AMEX Explorer Card VS Other Miles Card
| Credit Cards | Local Currency Spending | Foreign Currencies Spending |
|---|---|---|
| AMEX Explorer Card | HK$5＝1 Mile | HK$4＝1 Mile |
| Standard Chartered Cathay Mastercard | HK$6＝1 Mile | HK$4＝1 Mile |
| Citi Rewards Card | HK$3＝1 Mile | / |
AMEX Explorer Card VS Standard Chartered Cathay Mastercard
AMEX Explorer Card offers a higher mile conversion rate than Standard Chartered Cathay Mastercard (HK$5= 1 Mile VS HK$6= 1 Mile), but Standard Chartered Cathay Mastercard offers an even higher conversion rate for eligible spending on Cathay and Hong Kong Express. (HK$3 = 1).
With AMEX Explorer Card, you can convert it into 10 air miles partners without administration fees. But with Standard Chartered Cathay Mastercard, you can only convert it to Asia Miles.
Also, it is important to note that AMEX Explorer Card has a much higher annual income requirement than Standard Chartered Cathay Mastercard (HK$300,000 VS HK$96,000).
With AMEX Explorer Card, you can convert it into 10 air miles partners without administration fees. But with Standard Chartered Cathay Mastercard, you can only convert it to Asia Miles.
Also, it is important to note that AMEX Explorer Card has a much higher annual income requirement than Standard Chartered Cathay Mastercard (HK$300,000 VS HK$96,000).
AMEX Explorer Card VS Citi Rewards Card
Citi Rewards Card and AMEX Explorer Card offer HK$1= 0.333 mile. What’s more, Citi Rewards even offers HK$=1= 0.536 miles in your birthday month.There is no expiry date for points. Cardholders can redeem points for miles, cash vouchers, etc. However, Citi Rewards Card only offers a high conversion rate to selected spending categories such as supermarkets, department stores, telecommunications.
AMEX Explorer Card has a much higher annual income requirement than Citi Rewards Card (HK$300,000 VS HK$150,000).
AMEX Explorer Card has a much higher annual income requirement than Citi Rewards Card (HK$300,000 VS HK$150,000).
FAQ
Can I get the annual fee of AMEX Explorer Card waived?
- Yes, you can enjoy a first-year annual fee waiver. Then, you have to pay HK$2,200 each year.
Can I apply for supplementary cards for my AMEX Explorer Card?
- Yes, you can apply up to 2 AMEX supplementary cards for your AMEX Explorer Card with no annual fees.
Does AMEX Explorer have a foregin transaction fee? How much does that cost?
- Yes, AMEX Explorer has a foregin transaction fee of 2%.