American Express Velocity Business Charge Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

Providing your business with a wide range of excellent features, the American Express Velocity Business Card offers you the opportunity to earn rewards on your business spending, while enjoying convenient travel perks and flexible charge card benefits. This could be a great option if you want to manage business expenses efficiently while earning Velocity Points along the way.

What we love...

One of the standout features of the American Express Velocity Business Card is its charge card flexibility. It gives you access to unsecured funding with flexible spending power, allowing your business to make essential purchases with spending power that adapts to transaction patterns, your business’s credit rating and other factors. You generally need to pay the balance in full each month, with up to 51 days to pay for purchases depending on purchase and statement timing and whether you carry forward a balance.

If you ever need more time to pay, you can use Amex's Flexible Payment Option (FPO) to spread a portion of your balance over time. When approved, you’ll be assigned an amount available for FPO—similar to a credit limit—subject to the rates and fees specified on your statement.

*With Flexible Payment Option, you will be charged interest if you do not pay your Closing Balance in full by the due date each month. Full terms and conditions are available on the Amex website.

Of course, a major attraction of this card is its rewards potential. With the latest offer, new Card Members can earn 120,000 bonus Velocity Points when they apply by 19 January 2027, are approved, and spend $6,000 on eligible purchases within the first 3 months of their approval date. Bonus Velocity Points will be credited to your account within 8–10 weeks after meeting the spend requirement. Eligible purchases exclude Card fees and charges (including annual fees, interest and late-payment charges), cash advances, balance transfers, traveller’s cheques and foreign currency conversion. A $249 annual Card fee applies. Velocity membership, points earning and redemption are subject to the applicable Points Terms and Conditions. This offer is available to new Card Members only — Card Members who currently hold or have previously held any Card product issued by American Express Australia Limited in the past 18 months are ineligible, and the offer cannot be combined with any other advertised or promotional offer.

You’ll earn points on everyday business spending, including 2 Velocity Points per $1 spent on eligible Virgin Australia travel purchases made in Australia, 1 Velocity Point per $1 on general business spend, and 0.5 Velocity Points per $1 on payments to government bodies such as the ATO. Points transfer directly to your Velocity Frequent Flyer account each month, ready to use on flights, upgrades, and partner rewards.

Given the generous points offer, the $249 annual fee is very competitive for a business rewards card with this level of travel coverage and flexibility.

What’s not so great...

You generally need to pay the charge card balance in full each month. Flexible Payment Option lets you repay an eligible portion over time, up to your FPO limit, with interest applying. Pay at least the amount due on your statement. In addition, each Employee Card attracts a $99 annual fee, which can add up for larger teams.

Why should you choose this card?

Aside from its points-earning power, the American Express Velocity Business Card offers strong travel benefits and business tools. Card Members receive two single-entry Virgin Australia lounge passes each membership year for use when flying with Virgin Australia. Access is to selected Virgin Australia-branded lounges in Australia when travelling domestically with Virgin Australia. A valid Card and same-day boarding pass are required, names must match, and access is subject to space availability and lounge terms. Eligible businesses are automatically enrolled in Virgin Australia Business Flyer, which can offer travel savings and opportunities for the business and individual travellers to earn Velocity Points. Program terms apply. Complimentary domestic and international travel insurance, including limited COVID-19 cover, is subject to qualifying travel purchases, eligibility, limits and exclusions.

It also supports MYOB integration for streamlined expense tracking and provides detailed statements to help with budgeting and GST management. With flexible spending power and excellent earn rates, this card is an appealing choice for business owners who want to turn everyday expenses into travel rewards.

Overall Rating

The American Express Velocity Business Card delivers a solid mix of flexibility, rewards, and travel perks. With 120,000 bonus Velocity Points, valuable lounge access, and complimentary insurance, it’s an ideal choice for businesses that spend regularly and pay off their balances monthly.

Sources:
American Express Velocity Business Charge Card information PDF
*American Express Velocity Business Charge Card terms and conditions