Kammys Musing

• Backstory – my previous credit card provider increased the yearly fee from $0 to $9/month.
• I tried applying for a new one (with extra benefits) and cancelled my old one. New application didn’t get through so I was “down” with 1 credit card.
• A bank rep I met suggested applying for Amex. After much contemplating, I decided to go ahead and applied. Success.

Disclaimer – everyone financial situation is different. Best if you check if getting an AMEX is suitable for you.

• First and foremost, the annual fee is high (especially if you are on minimum wage like me). The current yearly fee is $1,450 (Australian Dollars)
• However, there is a welcome bonus points. Successful applicant is required to make a certain amount spending within a timeframe (say $6K in 3 months).
• Among the perks that we received was :
  • $450 towards your travel spending (flights, hotel)
  • $400 dining credit ($200 local in Australia, $200 international). We used ours during a trip to Singapore.
  • Lounge Access (via membership of Priority Pass). You can bring a guest with you.
  • Hotel membership (Accor, Marriot Bonvoy, ++)
• There were other perks we received (Amazon subscription, travel insurance etc)
• If you calculate the perks value (vs) the fee you pay, I personally feel it was worth it. Especially if you travel a lot.
• Was this for me? In 2025, a definite YES because I was travelling internationally about 7 times. The accumulated value in perks ie hotel, flights, dining, lounge, travel insurance
• 2026 – I see a reduced number of travelling. Might look into an alternative.

Until then, stay hungry, stay sane.