- Limited-time offer: Get 120,000 bonus Velocity Points when you apply by 13 January 2026, are approved and spend $3,000 on eligible purchases on your new American Express® Velocity Business Card within the first 2 months of your approval date. New American Express Card Members only. T&Cs apply.
- Earn points: Earn 1 Velocity Point per $1 spent on everyday business purchases, and 0.5 Velocity Points per $1 spent on ATO and government bodies. Plus, earn 2 Velocity Points per $1 spent on Virgin Australia services.
- Travel extras: Two complimentary single entries to Virgin Australia lounges each year, and complimentary international and domestic travel insurance when travel is booked on your card.
- Business tools: Flexible spending power, up to 51 days interest-free, and seamless integration with MYOB for expense management. Add up to 99 Employee Cards ($99 annual fee per card).
- *Please note: terms and conditions apply, please check our review and the PDS for details.
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American Express Credit Cards
American Express Velocity Business Charge Card
Updated 8 October 2025
Limited time offer: Earn 120,000 bonus Velocity Points when you apply by 13 January 2026, are approved and spend $3,000 on eligible purchases on your new American Express® Velocity Business Card within the first 2 months of your approval date. Enjoy flexible spending power, complimentary Travel Insurance and two Virgin Australia lounge passes each year.
New American Express Card Members only. T&Cs apply.
Points Earn Rate (per $1 spent)
1 point
VelocityRewards Program
Velocity Frequent Flyer
Bonus Points
120,000 pts
Spend at least $3,000 within the first 2 months
Pros and cons
- Employee Cards are an additional fee of $99 per year, per card
Creditcard.com.au review
Editor Review
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 without the constraints of a preset credit limit. You simply need to pay the balance in full each month, with up to 51 days interest-free on purchases to help manage cash flow.
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 13 January 2026, are approved, and spend $3,000 on eligible purchases within the first 2 months. Bonus points will be credited to your account within 8–10 weeks after meeting the spend requirement.
You’ll earn points on everyday business spending, including 2 Velocity Points per $1 spent on Virgin Australia purchases, 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...
As a charge card, this product requires the full balance to be paid off monthly, so it’s best suited to businesses that manage their cash flow responsibly. 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 enjoy two complimentary single-entry passes to Virgin Australia lounges every year and complimentary international and domestic travel insurance (with limited COVID-19 cover).
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
User reviews
Rates and fees
Interest rates
Purchase rate N/A
Cash advance rate N/A
Interest free period on purchases up to 51 days
Credit limits
Minimum credit limit N/A
Maximum credit limit N/A
Fees & repayments
Annual fee $249 p.a.
Additional cardholder fee Up to 99 at $99 per card
Foreign transaction fee 3%
Minimum repayment $30 or 2.5% (personal); $20 or 3%, whichever is greater (business)
Cash advance fee N/A
Late payment fee $20 or 3%, whichever is greater
Rewards and points
Rewards program
Rewards Program
Velocity Frequent Flyer
Bonus points 120,000 points
Annual points cap uncapped
Bonus points spend criteria Spend at least $3,000 within the first 2 months
Earning points with this card
Velocity Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Travel insurance underwritten by Chubb Insurance Australia Limited
Fraud Protection Guarantee
Two single entries to domestic Virgin Australia lounges per year
Overview
American Express Velocity Business Charge Card
* This is a charge card, so it has flexible spending power and no interest charges, so you can make the most of your cash flow.
Key features
- Receive 120,000 bonus Velocity Points when you apply by 13 January 2026, are approved and spend $3,000 on eligible purchases on your new American Express® Velocity Business Card within the first 2 months of your approval date. New American Express Card Members only. T&Cs apply.
- Earn 2 points per $1 spent on Virgin Australia services
- Earn 1 point per $1 on everyday business spend, except for government bodies in Australia where you’ll earn 0.5 points per $1 spent
- Enjoy flexible spending power
- Two complimentary single entries to Virgin Australia lounges at selected domestic airports every year
- Complimentary Domestic and International Travel Insurance (including limited cover related to COVID-19, T&Cs apply)
- Up to 51 days interest-free period on purchases
- Up to 99 additional Employee Cards ($99 annual fee per card)
- MYOB Integration
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian citizen or a permanent resident. Have a valid ABN and your business must be registered for GST.
-
Minimum income of $75,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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