Defined Terms and Documents       

Example 9 - Unconscionable Conduct  -  American Express Explorer Credit Card

The below AMEX add for its Express Explorer Credit Card features:

*        "Earn 100,000 Bonus Points3"  "if you spend $1,500 on your Card within the first 2 months."

*        "Start exploring with a $400 Travel Credit every year4"

Rewards Credit Cards that 'dangle big carrots' and charge a high annual fee are normally purchased by citizens that are able to treat the high annual fee as a tax deduction, which are not limited to sole traders, consultants and tradesmen.

The below add provides tiny numbers after particular features which refer to clauses in the Terms And Conditions which are in tiny 1em font (8½ Helvetica font) are hidden at end also in a tiny font.

The below text has been increased from tiny 1em font to 12 font Arial in Terms And Conditions, so it can be read. 
The 12 Terms And Conditions are displayed as immediately below - three clauses at a time, so you can't read the entire T&Cs in their entirety, but only in small sections. 

Some Credit card issuers deploy the small window scroll so that readers cannot look at all the terms and conditions a page at a time, rather 12 lines at a time in tiny font. Often in dark grey font not black.

The below font is 8.5 Helvetica in dark grey, not black.  I have expanded the critical clause 2 in Terms And Conditions, because if you have a Balance Transfer amount, there is no Interest Free Period.  So the metre is running at 20.74% interest rate on all Purchases, from the date of each Purchase.

Is it right that such Cardholders can receive a tax deduction on the $395 Annual Fee and receive 100,000 Bonus Points and a yearly $400 Travel Credit?

Example 8 - Unconscionable Conduct - American Express Explorer Credit CardThe American Express ExplorerTM 
Credit Card

  • CARD FEATURES

    Credit Card

    20.74% p.a. interest rate 
    on purchases    1

    Up to 55 Interest-free 
    days    2

  • ANNUAL FEE

    $395 p.a.

  • KEY BENEFITS

    Introductory offer of 
    100,000 Membership 
    Rewards points    3

    $400 travel credit 
    each Membership 
    year    4

    2 American Express 
    Airport Lounge entries 
    each year    5

  • Receive 100,000 Membership Rewards® Bonus Points3 when you apply online by 30 January 2017, are approved and spend $1,500 on your Card within the first 2 months of Card Membership. This introductory offer is available to new American Express Card Members only
  • Start exploring with a $400 Travel Credit every year4
  • Earn up to 2 Membership Rewards points for every $1 spent on eligible purchases6
  • Transfer your points to a choice of 8 airline partner programs7
  • Smartphone Screen Insurance for up to $500 for screen repairs to your Smartphone when you pay for your phone or contract with your American Express ExplorerTM Credit Card8
  • 0% p.a. on balance transfers for the first 12 months9 — A one-off credit plan establishment fee of 1% applies to any balances transferred

With the American Express ExplorerTM Credit Card you'll be enrolled into the Membership Rewards Gateway program6

  • Earn 2 Membership Rewards points6 per $1 spent on all purchases except government bodies in Australia where you will earn 0.5 points per $1 spent
  • Transfer your points to a choice of 8 airline partner programs7
  • Use your points to pay charges on your statement with Select + Pay with points10
  • Spend more and earn more points by getting a Supplementary Card for family members at no additional cost11
  • Connect to a world of special benefits with American Express

Membership Rewards Gateway Terms and Conditions

There’s nothing like a weekend getaway to recharge your batteries, or an overseas trip to broaden your horizons and inspire the senses. And there’s nothing like the American Express ExplorerTM Credit Card to make the experience extra special.

  • Receive a $400 Travel Credit4 each year towards any flights, hotels, experiences or car hire booked online with American Express Travel at americanexpress.com.au/travel. You can use this credit to book travel for anyone you choose
  • Enjoy up to two entries per year to the American Express Lounge at Sydney International (Kingsford Smith) Airport T15
  • Smartphone Screen Insurance up to $500 for screen repairs if you accidentally break your Smartphone screen. A 10% excess per claim with a maximum of 2 claims every 12 months. A waiting period may apply8

 

Travel with peace of mind knowing that you'll also enjoy extensive protection for you and your partner and dependent children when you pay for travel on your American Express ExplorerTM Credit Card.

  • Medical Emergency Expenses Cover8 up to $2,500,000 towards medical treatment
  • Travel Cancellation Cover8 up to $30,000 in the event your travel is cancelled for specific reasons
  • Baggage, Money and Documentation Cover8 up to $10,000 to cover loss or damage to baggage, money or documents
  • Travel Inconvenience Insurance8 up to $500 if your flight departure is delayed for four hours or more

Please note that terms and conditions apply to all insurance benefits.

When you pay for purchases using your American Express ExplorerTM Credit Card you can enjoy cover with the following protection.

  • Buyer's Advantage8 extends your manufacturer's warranty by up to 12 months on eligible items purchased with your American Express ExplorerTM Credit Card
  • Stay protected with Purchase Protection providing cover should your new items be stolen or damaged. Refund Protection is also available should a store refuse to accept the return of a recent, unused purchase8
  • Online Fraud Protection Guarantee means you won't be held responsible for any unauthorised charges made without your knowledge12

Before you apply for your American Express ExplorerTM Credit Card, make sure you can say yes to the following:

  • I am aged over 18
  • I am an Australian citizen or permanent resident or hold a current Business Long Stay Visa (subclass 457)
  • I have a personal or household gross (pre-tax) annual income of $65,000 or more
  • I agree to access my statements online through American Express
  • I have no history of bad debt or payment default

If you can say yes, go ahead. Your application takes less than 10 minutes and we may be able to give you a response in less than 60 seconds - so apply now

Read the Key Facts Sheet for this Credit Card.

*Terms And Conditions
 Membership Rewards Gateway Terms and Conditions 
 Balance Transfer Terms and Conditions