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The Best American Express Credit Cards

We break down each AMEX card's advantages, ideal user profile, costs, interest rates, reward systems, exclusive privileges, and critical factors to consider before you decide to become an AMEX cardholder.
Updated 12 October 2025
Summary
  • Our guide has been written to appeal to appeal to anyone looking for a good value credit card that offers rewards - American Express beats what the banks offer in terms of rewards, and for this reason they've become popular cards in recent years.
  • Rewards will either be in Airpoints Dollars, or Membership Rewards points. What you earn depends on the card you choose and how much you spend.
  • As stated above, American Express credit cards are provided directly by American Express. This means cards are not available through banks or other finance companies.

In this guide, we look at pros and cons of having an American Express credit card, as well as outline what we consider to be the best options offered. Our guide covers:
Best American Express Cards in a Nutshell:
  1. The American Express Airpoints Platinum Card powers frequent flyers looking to soar with rewards. For every $70 you spend, you notch up 1 Airpoints Dollar, accelerating your journey towards your next destination on the Air NZ network.
  2. The American Express Airpoints Card is the perfect starter card for those new to the rewards game, offering a steady climb of 1 Airpoints Dollar per $100 spent (which is better than any bank-issued platinum card).
  3. ​The American Express Gold Rewards Card is a foodie's best friend, offering delectable dining credits to savour with generous Membership Rewards points on spending. This card caters to those who delight in dining out and turning every meal into points for future adventures.​

Business Class flight awards:
  • If you're looking to earn points for business class flights, they are available, but you'll most likely need an AMEX - our dedicated Credit Cards That Earn Business Class Flights guide has more details and everything you need to know to make it possible.

​Are you a Business Owner? 
  • Many SMEs are considering the recently improved American Express Gold Business Card
  • Why it wins: 2 points per $1 spent (double the rate of most cards), 50-day payment terms for superior cash flow, plus you can pay IRD and ACC bills via RewardPay to earn points on tax obligations.
  • MoneyHub runs on this card, which we use for 98%+ of our monthly business expenses, including online subscriptions, offline purchases, supplier payments via RewardPay, IRD bills, and more. The $95 annual fee pays for itself within weeks through the points we earn.
  • Bonus: 50,000 Membership Rewards points when you spend $1,000 in your first 2 months - worth $500+ in travel or 333 Airpoints Dollars.
  • Popular with: New Zealand businesses with $60,000+ revenue who want to turn every expense into rewards while extending payment terms.
  • Annual fee: $95 (our lowest business card fee, easily offset by rewards)
  • Apply for AMEX Gold Business Card and read our detailed card review

Advertising Disclaimer: We may receive payment if you sign up for a credit card via MoneyHub - please read our advertising policy for more details. 

Airpoints Dollars vs Membership Rewards points - What's the Difference?

Most AMEX cards earn one or the other, so choosing a card that meets your reward preferences is essential. Here's the difference in the rewards programs:

Airpoints Dollars™
  • This is the currency of the Air New Zealand Airpoints™ program. For every dollar you spend on eligible flights and services with Air New Zealand or their partners, you earn Airpoints Dollars. Think of them as virtual currency that can be redeemed for flights, upgrade bids and various other travel and non-travel-related products.
  • They essentially work like cash; for instance, if you have 100 Airpoints Dollars, you can apply them towards a flight that costs $100 without spending additional money. 
  • More details: Our guide to spending Airpoints Dollars has more details. 
  • Cards earning Airpoints Dollars: The American Express Airpoints Platinum Card and the American Express Airpoints Card

Membership Rewards points
  • These points are part of American Express's Membership Rewards® program, a versatile loyalty currency you can earn through eligible Amex credit cards. These points can be redeemed for various rewards, including travel, shopping, statement credit, dining, and entertainment.
  • What makes these points particularly appealing is their flexibility - you can transfer them to multiple airline and hotel partners, book travel directly through the Amex portal or even use them to shop online.
  • More details: Our guide to spending Rewards Points has more details. ​
  • Cards earning Membership Rewards points: The American Express Gold Rewards Card

MoneyHub Founder Christopher Walsh shares his views about the best American Express Credit Cards:

Banks (arguably) offer credit cards aggressively to their customers, but my view is that these cards don't deliver the value offered by American Express. American Express cards stand out by way of their Airpoints, rewards and cashback-earning, exceeding any other bank-issued card. However, as with any credit card, all the benefits are lost if you don't pay the balance in full every month.

Whatever card you decide, make sure it's the best for your immediate needs. There's no point getting a card "for later," as you'll either overpay and/or get the wrong rewards. For this reason, we've explained the cards in detail to help your decision-making process. If you are in any doubt about what you can afford, it's likely that the best credit card is "no credit card". Credit card debt is too expensive to carry, and New Zealand has too much of it already, and I don't want any more being created as many Kiwis find it increasingly difficult to repay".
Christopher Walsh
MoneyHub Founder

Discover Exclusive Rewards with MoneyHub's Best American Express Card Selections:

MoneyHub's meticulously selected American Express cards are focused on value and delivering rewards month after month. Our research reveals three stellar AMEX cards that promise more than just transactions; they open doors to a world of rewards and exclusive benefits for Kiwis:
  • For the Ultimate Reward Enthusiasts: We suggest considering the American Express Airpoints Platinum Card. At only $195/year, the sky's the limit with a generous 300 bonus Airpoints Dollars awaiting you upon your successful application and a spend of $1,500 within the first three months. Amex Card Members only.
  • For the Savvy Saver: Embrace the freedom of Airpoints without the fees with the American Express Airpoints Card. Pay $0/year and still earn as you spend at a rate above bank-issued platinum cards. Plus, you'll get an additional 50 bonus Airpoints Dollars when you apply, get approved, and spend $750 in the first three months as a new Card Member.
  • For Dining Enthusiasts and Awards Flexibility: The American Express Gold Rewards Card is your culinary companion, dishing out not only delectable dining credits but also the flexibility of Membership Rewards points. With an annual fee of $200 and a generous return of 2 points per $1 spent, it's perfect for those who savour every bite and every point. New Card Members are greeted with a $200 statement credit after spending $1,500 in the first three months.
  • Business Class flight awards: If you're looking to earn points for business class flights, they are available, but you'll most likely need an AMEX - our dedicated Credit Cards That Earn Business Class Flights guide has more details and everything you need to know to make it possible.

Responsible Spending Reminder: MoneyHub advocates for financial well-being; if you foresee difficulties in settling the full balance monthly, please do not apply for a credit card. Remember, while AMEX cards offer remarkable advantages, the interest rates can pose a challenge if not managed prudently.
The award-winning American Express Airpoints Platinum Card earns Airpoints Dollars at an unrivalled rate, and comes packed with a generous bonus, airport lounge vouchers, travel insurance and cardholder protections.
​Are you a Business Owner? 
  • Many SMEs are considering the recently improved American Express Gold Business Card
  • Why it wins: 2 points per $1 spent (double the rate of most cards), 50-day payment terms for superior cash flow, plus you can pay IRD and ACC bills via RewardPay to earn points on tax obligations.
  • MoneyHub runs on this card, which we use for 98%+ of our monthly business expenses, including online subscriptions, offline purchases, supplier payments via RewardPay, IRD bills, and more. The $95 annual fee pays for itself within weeks through the points we earn.
  • Bonus: 50,000 Membership Rewards points when you spend $1,000 in your first 2 months - worth $500+ in travel or 333 Airpoints Dollars.
  • Popular with: New Zealand businesses with $60,000+ revenue who want to turn every expense into rewards while extending payment terms.
  • Annual fee: $95 (our lowest business card fee, easily offset by rewards)
  • Apply for AMEX Gold Business Card and read our detailed card review

The Best American Express Credit Cards

From the five American Express credit cards offered, we've shortlisted those that stand out:

The Best Card for Earning Airpoints: The American Express Airpoints Platinum Card

Best For: Frequent Flyers and Travel Insurance Seekers

We Say: The American Express Airpoints Platinum Card is the ace up the sleeve for frequent flyers looking to soar with rewards. For every $70 you spend, you notch up 1 Airpoints Dollar, accelerating your journey towards your next destination on the Air NZ network. The addition of comprehensive travel insurance and lounge passes make it a premium choice for travellers who value comfort and security as much as they do savings, and for this reason it's arguably AMEX's most popular card.

​Basics:
  • ​Annual Fee: $195
  • Airpoints or Membership Rewards? Airpoints
  • Annual percentage interest rate: 22.95% p.a.
  • Interest Free Period: up to 55 days
  • Bonus Offer:  300 bonus Airpoints Dollars when you apply, are approved and spend $1,500 on your new Card within the first 3 months. New Amex Card Members only.
  • Read more: Airpoints Platinum Review

​Benefits:
  • Every $70 you spend = 1 Airpoints Dollar, and $250 spend = 1 Status Point
  • Complimentary Domestic and International Travel Insurance
  • Four lounge passes per year (two in Auckland Airport, two for either Sydney or Melbourne)
  • ​Complimentary Mobile phone screen insurance (if you used your AMEX to pay for the phone, up to repair costs of $500)

Learn more or apply

The Best Free Card for Earning Airpoints: The American Express Airpoints Card

Best For: Cost-Conscious Airpoints Earners

We Say: If you're after Airpoints without paying a credit card annual fee to earn them, the American Express Airpoints Card is your ticket. It's the perfect starter card for those new to the rewards game, offering a steady climb of 1 Airpoints Dollar per $100 spent (which is better than any bank-issued platinum card). And with no fee for supplementary cards, it's an economical way to pool Airpoints across family members.

​Basics:
  • ​Annual Fee: $0
  • Airpoints or Membership Rewards? Airpoints 
  • Annual percentage interest rate: 0% p.a. for the first 6 months then 22.95% p.a.
  • Interest Free Period: up to 55 days
  • Bonus Offer:  50 bonus Airpoints Dollars when you apply, are approved and spend $750 on your new Card within the first 3 months. New Card Members only.

​Benefits:
  • The only No Fee option to earn Airpoints Dollars offered in New Zealand
  • A reasonable earning rate of 1 Airpoint per $100 spent
  • No supplementary card fee

Learn more or apply

The Best Card for Diners, Travel and Non-Travel Rewards: The American Express Gold Rewards Card

Best For: Dining Enthusiasts and Flexible Point Collectors

We Say: The American Express Gold Rewards Card is a foodie's best friend, offering delectable dining credits to savour. Coupled with its generous Membership Rewards points on spending, which is as good as currency in a traveller's wallet, this card caters to those who delight in dining out and turning every meal into points for future adventures.

Basics:
  • ​Annual Fee: $200
  • Airpoints or Membership Rewards? Membership Rewards
  • Annual percentage interest rate: 22.95% p.a.
  • Bonus offer: $200 statement credit when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only. 
  • Earn Membership Rewards: The Gold Card earns at a rate of 2 points for every $1 spent. You can use Membership Reward points to pay for travel with American Express directly, or you can convert them to other airline and hotel programs. As a background, 150 Membership Rewards points = 1 Air New Zealand Airpoints Dollar while 2 Membership Rewards points = 1 Qantas Frequent Flyer Point.

Read more: American Express Gold Rewards Card Review

​Benefits include:
  • Two $100 dining credits every year - American Express has a number of dining partners throughout New Zealand. If you visit them and spend over $100 on one bill, you’ll get $100 credited to your statement. The dining credit resets every six months. The participating restaurants are located all over New Zealand, although Auckland, Wellington and Queenstown have the widest choices.
  • There is no supplementary card fee.

Learn more or apply
​Are you a Business Owner? 
  • Many SMEs are considering the recently improved American Express Gold Business Card
  • Why it wins: 2 points per $1 spent (double the rate of most cards), 50-day payment terms for superior cash flow, plus you can pay IRD and ACC bills via RewardPay to earn points on tax obligations.
  • MoneyHub runs on this card, which we use for 98%+ of our monthly business expenses, including online subscriptions, offline purchases, supplier payments via RewardPay, IRD bills, and more. The $95 annual fee pays for itself within weeks through the points we earn.
  • Bonus: 50,000 Membership Rewards points when you spend $1,000 in your first 2 months - worth $500+ in travel or 333 Airpoints Dollars.
  • Popular with: New Zealand businesses with $60,000+ revenue who want to turn every expense into rewards while extending payment terms.
  • Annual fee: $95 (our lowest business card fee, easily offset by rewards)
  • Apply for AMEX Gold Business Card and read our detailed card review

Discover Exclusive Rewards with MoneyHub's Best American Express Card Selections:

MoneyHub's meticulously selected American Express cards are focused on value and delivering rewards month after month. Our research reveals three stellar AMEX cards that promise more than just transactions; they open doors to a world of rewards and exclusive benefits for Kiwis:
  • For the Ultimate Reward Enthusiasts: We suggest considering the American Express Airpoints Platinum Card. At only $195/year, the sky's the limit with a generous 300 bonus Airpoints Dollars when you apply, are approved and spend $1,500 on your new Card within the first 3 months. New Amex Card Members only.
  • For the Savvy Saver: Embrace the freedom of Airpoints without the fees with the American Express Airpoints Card. Pay $0/year and still earn as you spend at a rate above bank-issued platinum cards. Plus, you'll get an additional 50 bonus Airpoints Dollars when you apply, get approved, and spend $750 in the first three months as a new Card Member.
  • For Dining Enthusiasts and Awards Flexibility: The American Express Gold Rewards Card is your culinary companion, dishing out not only delectable dining credits but also the flexibility of Membership Rewards points. With an annual fee of $200 and a generous return of 2 points per $1 spent, it's perfect for those who savour every bite and every point. New Card Members are greeted with a $200 statement credit after spending $1,500 in the first three months.
  • ​Business Class flight awards: If you're looking to earn points for business class flights, they are available, but you'll most likely need an AMEX - our dedicated Credit Cards That Earn Business Class Flights guide has more details and everything you need to know to make it possible.

Responsible Spending Reminder: MoneyHub advocates for financial well-being; if you foresee difficulties in settling the full balance monthly, please do not apply for a credit card. Remember, while AMEX cards offer remarkable advantages, the interest rates can pose a challenge if not managed prudently.
The award-winning American Express Airpoints Platinum Card earns Airpoints Dollars at an unrivalled rate, and comes packed with a generous bonus, airport lounge vouchers, travel insurance and cardholder protections.

Applying for an American Express Credit Card - What You Need to Know

To apply for any American Express credit card, you will need to:
  1. Be over 18 years of age.
  2. Have a good credit history.
  3. Be a permanent resident or citizen of New Zealand.
  4. Meet the minimum income criteria for your chosen Card.
  5. If you are self-employed, you will need to have been trading for at least 18 months, or 12 months if you have an existing American Express issued Card.

You will need to provide:
  1. A copy of your New Zealand driver’s licence (if you hold one)
  2. Personal information, including your current address details.
  3. A current email address and a mobile or landline number.
  4. Financial Information including your annual income, household income (if married/de facto), monthly living expenses, employment details, superannuation (if retired), or other sources of income.
  5. Details about any other credit cards and loans you have and their balances.

Final steps:
  1. American Express will perform a credit check to assess your financial history
  2. After that, American Express will assess your credit card application and provide a response in between 5 and 10 working days from when you submit your application.

Frequently Asked Questions

What makes American Express credit cards stand out from bank-issued cards?

​American Express credit cards offer competitive rewards, such as Airpoints Dollars and Membership Rewards points, which almost always surpass the benefits of bank-issued cards. Additionally, American Express provides direct service, exclusive perks, and tailored options for various spending habits.

How do I choose between earning Airpoints Dollars and Membership Rewards points?

The choice depends on your personal preferences and spending habits. Airpoints Dollars are ideal for those who frequently fly with Air New Zealand and its partners. At the same time, Membership Rewards points offer flexibility with various redemption options, including travel, shopping, dining, and more.

Are American Express cards accepted everywhere in New Zealand?

​While American Express is widely accepted in New Zealand, there may be some retailers that do not accept it due to higher merchant fees. It's advisable to check with the merchant or have a backup payment option. Our guide to AMEX acceptance has more details.

What are the criteria for applying for an American Express credit card?

​Applicants must meet certain criteria, which typically include a good credit profile, a stable income, and being over the age of 18. Specific requirements can vary between different AMEX cards.

Is there a fee for additional cardholders?

No, American Express New Zealand does not charge a fee for supplementary cardholders on any of the cards outlined in our guide.

How does the American Express travel insurance work?

Comprehensive travel insurance is a benefit with certain AMEX cards, typically covering international and domestic travel. Policy coverage details and activation requirements are in each card's terms and conditions.

What should I consider before applying for a high-annual-fee American Express card?

Consider whether you'll use the card's benefits enough to justify the annual fee. High-annual-fee cards usually offer more rewards and benefits, which can be valuable to frequent travellers or those who spend heavily on their cards.

As a business owner etc, can I use my American Express card to pay government bills like IRD and ACC?

Yes, you can use your American Express card to pay IRD and ACC bills using services like RewardPay, although fees may apply. This allows you to earn points on these payments.

How does the interest-free period on American Express cards work?

The interest-free period is the time during which you can pay off your purchases without being charged interest, usually up to 55 days. To avoid interest, you must pay the full balance by the due date each month.​

Five Must-Know American Express Credit Card Facts:

​Selecting a Membership Rewards Points or Airpoints American Express needs consideration

  • If you fly Air New Zealand at least once a year and will spend at least $1,000 a month on the card, the American Express Airpoints Platinum Card pays for itself. You’ll get benefits like free travel insurance and lounge passes thrown in too.
  • If you don’t fly that often and don’t spend a regular amount on a credit card, the American Express Airpoints Card still rewards you. Best of all, it doesn’t charge an annual fee.

Our view:
  1. For anyone looking for an awards credit card, American Express Airpoints Platinum Card is a strong offering.
  2. As an example, spending an average of $2,500 per month will earn you over 500 Airpoints dollars per year with the American Express Airpoints Platinum Card.

When dealing with credit cards and loyalty programs, you often come across specialised financial terms. It's important to understand these terms to make informed decisions


Interest Rate: This is the cost of borrowing on the card if you don't pay it off monthly. The interest rate is expressed as a yearly rate and includes fees and costs associated with the transaction. It's important to know the interest rate because any balances carried beyond the grace period will accrue interest at this rate.

Status Points: These are different from the Airpoints Dollars or Membership Rewards points. Status Points are earned alongside these rewards and count towards your tier status in a loyalty program, e.g. Air New Zealand Airpoints or Qantas Frequent Flyer. For example, with flight programs, more Status Points mean a higher membership tier, which often grants access to exclusive benefits like lounge access, priority boarding, and additional baggage allowances. These points are a key part of airline loyalty programs as they incentivise frequent travel and brand loyalty.

Understanding these terms will help you navigate the complexities of reward programs and make the best choices for your financial and travel plans.

The 'Low Rate' credit card option won't earn any points or rewards

Low-interest rate credit cards are designed to appeal to those who may not be able to pay the balances regularly. If you are confident in paying off credit card bills every month, low rate cards may not be for you.

American Express cardholders are offered curated tickets via ‘American Express Experiences’

Generally, American Express states that for certain concerts and events, cardholders have access to ‘the best-reserved tickets’.

To earn Airpoints, you’ll need to be a member of the Air New Zealand program

It’s free to join, and there is no annual fee. If you book domestic flights, there are no additional taxes or fees to pay either. If you book an international flight, you will have to pay these additional fees in cash (i.e. card or bank payment).

Award-Winning Cards - Our Editor's Choice Selection Reveals All

The following American Express cards feature in our Editor's Choice Awards:
Favourite Airline Credit Card - The American Express Airpoints Platinum Card

Our view:
  • The numbers don't lie - $70 spent gives cardholders 1 Airpoints Dollar, whereas, with bank-issued platinum cards, you'll spend about double to get the same Airpoints Dollar. 
  • The card also offers lounge passes (four per year), a treat that bank-issued cards discontinued in 2022 and early 2023 as part of their 'enhancements'. 
  • The card is competitive for anyone needing to top up status points to renew Air NZ Gold or Gold Elite, providing a great tailwind to reach the 810/1350 point thresholds (assuming sufficient qualifying flights are taken).
  • Add in travel insurance benefits and a sign-up bonus, and it's easy to be convinced that the $195 annual fee offers a lot of value, given all the benefits and earning potential.

MoneyHub's editor Christopher Walsh says:
"Banks have scaled down what they offer regarding airline credit cards; we consider this the best Air New Zealand card, bar none, for any of the 500,000+ New Zealanders with a 'platinum' card".
Favourite Rewards Credit Card - The American Express® Gold Rewards Card

​Our view:
  • Banks in New Zealand are notoriously stingy with cashback and rewards, and this was before the 2022-2023 downgrade of rewards. American Express offers much better value when redeeming its Membership Reward points for credit (this equals up to 1.50% cashback, which is more than double other cashback-focused cards).
  • Better yet, if you don't want cashback, American Express lets you use the points you earn to travel; cardholders can redeem points for vouchers at Bunnings, Countdown, Event Cinemas, Harvey Norman, New World, Westfield, Z Energy and other known retailers.
  • With $200 annual dining credits, free domestic and international travel insurance (when you use your card to book the flights), a one-off $200 statement credit on signing up and AMEX's protection for chargebacks, it's a leading rewards card that banks cannot compete with.

MoneyHub's editor Christopher Walsh says:
"We're big fans of The American Express® Gold Rewards Card​ for many reasons. No other credit card offers so much flexibility and generosity, and as more major retailers take American Express, cardholders will compound their rewards and cashback without friction. The free travel insurance and annual dining credit are added perks to make this the ultimate rewards credit card for anyone who likes to dine out and travel locally or overseas".
Favourite No Annual Fee Credit Card - The American Express Airpoints Card

Our view:
  • Free credit cards usually don't offer much, but the American Express Airpoints Card is the exception. Cardholders earn A$1 for every $100 spent, which can be used on flights or at the Airpoints Store (which has thousands of reward options). 

MoneyHub's editor Christopher Walsh says:
"American Express' free credit card generously offers a 1% reward rate, unrivalled among other card issuers. While it is an Airpoints-earning card, the choice of awards offered is extended to cover thousands of options via the Airpoints online store. The card has a lot of power, no annual fee, and an interest rate in line with the market".
​Are you a Business Owner? 
  • Many SMEs are considering the recently improved American Express Gold Business Card
  • Why it wins: 2 points per $1 spent (double the rate of most cards), 50-day payment terms for superior cash flow, plus you can pay IRD and ACC bills via RewardPay to earn points on tax obligations.
  • MoneyHub runs on this card, which we use for 98%+ of our monthly business expenses, including online subscriptions, offline purchases, supplier payments via RewardPay, IRD bills, and more. The $95 annual fee pays for itself within weeks through the points we earn.
  • Bonus: 50,000 Membership Rewards points when you spend $1,000 in your first 2 months - worth $500+ in travel or 333 Airpoints Dollars.
  • Popular with: New Zealand businesses with $60,000+ revenue who want to turn every expense into rewards while extending payment terms.
  • Annual fee: $95 (our lowest business card fee, easily offset by rewards)
  • Apply for AMEX Gold Business Card and read our detailed card review
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