American Express Velocity Platinum Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

Point calculations are accurate as of 2 April 2024 but may be subject to change without notice. All routes may have additional taxes and charges. Check on the official American Express page for the updated calculations.

The American Express Velocity Platinum Card is a real winner for those who are flying Virgin regularly or using one of the airlines in the Virgin group. Especially with 100,000 bonus Velocity Points offer. Add to this a complimentary return domestic flight when you sign up with this card, and one every year after to keep you flying more often. With that comes entry to the Virgin Australia lounge twice per year so you know you’ll be able to travel in style. Plus, enjoy two complimentary entries per year to the Centurion® Lounge, located at Sydney International Airport or Melbourne International Airport. Cardholders need to simply present their physical eligible cards to gain lounge access.

What we love...

This card is absolutely packed with benefits for the $375 annual fee. Receive 100,000 bonus Velocity Points when you apply online by 15 May 2024, are approved, and spend $3,000 on eligible purchases on your new Card within the first 3 months. The 100,000 bonus Velocity Points will be awarded to the eligible Card Member’s account 8-10 weeks after the spend criteria has been met.

The bonus points can be redeemed for travel to destinations around Australia and when the time comes, to your favourite spots around the world. You can also use the bonus points for car hire, hotel stays, or shopping online at the Velocity Rewards Store for a range of exciting products and gift cards.

With 100,000 points, you could fly return in business from Melbourne to Sydney for 36,800 points, or use it to purchase an Apple $250 Gift Card for 50,850 points at Velocity Rewards Store.

This is a great credit card when you don't run a balance on it. On top of the introductory bonus points, you can also enjoy a complimentary domestic return Virgin flight & two single entry lounge passes each year. Plus you can get 100 Velocity Frequent Flyer Status Credits when you spend a minimum of $50,000 within your membership year.

As a card member, you can take advantage of up to 4 free additional cards, automatic enrollment into the Velocity Rewards program, two complimentary entries into the Virgin Australia lounge each year, access to American Express Travel Services, complimentary insurances, Card Refund and Card Purchase Covers, an Online Fraud Protection Guarantee, Emergency Card Replacement, and 24/7 Global customer service.

The Amex Velocity Platinum allows you to earn points every time you use your card. Get a free supplementary card for a family member and earn points faster. The points are transferred directly to your Velocity Account each month. You can redeem them for a range of flights, accommodation, car hire, gift cards and much more.

• Earn 1.25 Velocity Points per $1 spent, except government bodies where you will earn 0.5 Velocity Points per $1 spent
• Earn 2.25 Velocity Points per $1 spent on selected purchases with Virgin Australia

Pay for eligible travel on your card and get complimentary domestic and international Travel Insurance (including limited cover related to COVID-19, T&Cs apply). Travel Inconvenience Insurance will cover you for flight delays, missed connections or delayed luggage.

You can also enjoy a free domestic return flight each year! The complimentary domestic economy Virgin Australia return flight is available between selected Australian cities and is available for booking by American Express Velocity Platinum Card members after your first Card spend in the first year, and then after your first Card spend each year after the anniversary of your Card membership. All flights are subject to availability and neither Virgin Australia nor American Express guarantee that seats or tickets will be available on the dates or at the times you may wish to fly. Seat availability may be limited to certain dates and/or flights and it may be more difficult to book seats around public holidays, school holidays or special events. Some flights may not have any seats available. Route availability is subject to change without notice. The complimentary flight is not eligible for Velocity Points and/or Status Credits earn.

What’s not so great...

One worth mentioning is the high interest rate on purchases. Therefore this card is best suited for someone that pays their balance off in time.

Overall Rating

Take advantage of American Express Velocity Platinum Credit Card’s awesome offers with 100,000 bonus Velocity Points, complimentary flights, lounge passes and insurances. Not to be missed!