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American Express Explorer™ Credit Card
American Express Explorer™ Credit Card
Complimentary Plaza Premium Lounge Access
- HK$300,000
- Min. Annual Salary
- 1.67%
- Cash back on selected online spending
- $3 = 1 Mile
- Miles Conversion (selected online spending)
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$1,800 |
AMEX Explorer Card Review: AMEX Explorer Card Key FeaturesSection Title
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? |
|---|---|---|
| HK$500 city'super cash vouchers | Spend HK$5,000 in the first 3 months, including aggregate spending of Basic and Supplementary Card(s) | Yes |
| Local Spending Bonus/ Enjoy HK$1=5 points in the first 3 months (max: 600,000 points) | Enjoy HK$1=5 points in the first 3 months with no spending requirements | Yes |
| Foreign Currencies Spending Bonus/ Enjoy HK$1=5 points in the first 3 months (max: 420,000 points) | Enjoy HK$1=5 points in the first 3 months with no spending requirements | Yes |
| Online and First Transaction Bonus/ HK$300 city'super cash voucher | Enjoy HK$100 city'super cash voucher if you apply online successfully; Receive extra HK$200 city'super cash vouchers for your first transaction 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$1,800 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%.