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American Express Velocity Business Charge Card

2 reviews
points over 12 months Calculate your savings icon

Earn rate per $1

1 point
16.77% Complete (success)
Velocity Frequent Flyer

Bonus points

N/A
% Complete (success)

Annual fee

$249
p.a.
249% Complete (success)

Pros

Earn points when you use your credit card

Range of complimentary benefits and insurance covers

Cons

You must have a business/ABN to apply for this credit card

American Express Velocity Business Charge Card

The American Express Velocity Business offers your business the ability to earn Velocity points on all your business expenses. The card comes with an annual fee of $249 and you earn 1 point per $1 spent on everyday purchases, 2 points per $1 spent with Virgin Australia and 0.5 Velocity Points per $1 spent on utilities, non Am-Ex insurance providers and government bodies.

*This is a charge card, so it has no pre-set spending limits and no interest charges, so you can make the most of your cash flow.

Key features

  • Earn 2 Velocity Points for every $1 spent with Virgin Australia
  • Earn 1 Velocity Point for every $1 spent on other purchases
  • Earn 0.5 Velocity Point per $1 spent on utilities, insurance providers (with the exception of American Express) and government bodies
  • Up to 51 days interest free period on purchases
  • 2 complimentary single entries to domestic Virgin Australia lounges per year
  • Complimentary domestic and overseas travel insurance
  • Travel inconvenience cover & transport accident cover
  • Rates
    0%
  • Fees
    25%
  • Rewards
    89%
  • Customer Service
    80%
  • Value
    48%
50% of customers who have rated this card would recommend it
Overall customer rating 48%
2 reviews
Interest Rates
Purchase rate N/A
Cash advance rate N/A
Interest free on purchases up to 51 days
Balance Transfer
Credit limits
Minimum credit limit N/A
Maximum credit limit $25,000
Fees & repayments
Annual fee $249 p.a.
Additional cardholder fee Up to 99 at no extra cost
Cash advance fee N/A
Foreign transaction fee 3%
Minimum repayment 2.5%
Late payment fee $30
Credit card type American Express
Rewards program
Rewards program Velocity Frequent Flyer Velocity Frequent Flyer
Annual points cap uncapped
Bonus points spend criteria N/A
Earning points with this card
Velocity points 1 point per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month N/A
Complimentary insurance
Overseas travel insurance yes - up to months
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Two single entries to domestic Virgin Australia lounges per year

The American Express Velocity Business Charge Card

Providing your business with a wide range of excellent features, the American Express Velocity Business Charge Card offers you the opportunity to earn rewards on your business spending, while enjoying some wonderfully convenient tools and extras. Think a charge card might be right for your business? This offering from American Express may just be the charge card for you.

What we love...

One of the things we like most about the American Express Velocity Business Charge Card is its charge card capability. While still providing you with the ability to pay with plastic, it can offer more flexibility than a credit card, as it has no pre-set credit limit.

This can give you more flexibility in your business spending – all you need to do is pay the balance in full each month. And with up to 51 days interest free on purchases, you can extend your cashflow even further.

But that’s not all. This is a card that rewards you for your spending. Working in much the same way as other business rewards cards, the American Express Velocity Business Charge Card allows you to earn points on everyday spending, which can be redeemed on the Velocity program.

The earn rate on offer lets you earn 2 points per $1 spent on purchases with Virgin Australia, 1 Velocity Point per $1 spent on everyday card purchases, and 0.5 Velocity Points per $1 spent on utilities, non Am-Ex insurance providers and government bodies.

Points earned are automatically transferred to your Velocity Account each month, which can then be redeemed for flights or upgrades with Virgin Australia and its international airline partners, for a stay at selected hotels, for car rental, or for an extensive range of items within the Velocity Rewards Store.

What’s not so great...

As long as you understand how a charge card works – and don’t mistake it for a credit card – the American Express Velocity Business Charge Card doesn’t provide much to complain about.

You will have to cover the $249 annual fee, but this may be tax deductible, as long as the card is used solely for business purposes. Take note that supplementary cards linked to your account features an additional fee of $99 per year, per card.

Why should you choose this card?

Aside from its charge card flexibility and rewards points earning potential, the American Express Velocity Business Charge Card also has a number of other features on offer. As a cardholder, you can enjoy two complimentary single entry passes to the Virgin Australia lounge at selected domestic airports every year.

You can also benefit from a number of complimentary insurances, including domestic and overseas travel insurance, travel inconvenience cover and transport accident cover. Also on offer is emergency card replacement, online fraud protection and award-winning support from the American Express global customer service team.

In terms of business tools, the card provides transaction data feeds to MYOB accounting software, while also allowing you to keep track of expenditure by downloading statements and transaction details, and viewing balances using Quicken, MYOB or Microsoft Excel.

Overall Rating

A business charge card that allows cardholders to earn rewards on business spending, while taking advantage of a range of convenient features and business tools.

(showing the latest 10 Q&As)

  • Be over 18 years old
  • Good credit and 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 $24,000 p.a.
  • You have your personal details ready to complete the online application
American Express Velocity Business Charge Card
American Express Velocity Business Charge Card

American Express Credit Cards

American Express Velocity Business Charge Card

14 March 2019

Points Earn Rate (per $1 spent)

1

point

Velocity

Rewards Program

Velocity Frequent Flyer

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

American Express Velocity Business Charge Card

The American Express Velocity Business offers your business the ability to earn Velocity points on all your business expenses. The card comes with an annual fee of $249 and you earn 1 point per $1 spent on everyday purchases, 2 points per $1 spent with Virgin Australia and 0.5 Velocity Points per $1 spent on utilities, non Am-Ex insurance providers and government bodies.

*This is a charge card, so it has no pre-set spending limits and no interest charges, so you can make the most of your cash flow.

Key features

  • Earn 2 Velocity Points for every $1 spent with Virgin Australia
  • Earn 1 Velocity Point for every $1 spent on other purchases
  • Earn 0.5 Velocity Point per $1 spent on utilities, insurance providers (with the exception of American Express) and government bodies
  • Up to 51 days interest free period on purchases
  • 2 complimentary single entries to domestic Virgin Australia lounges per year
  • Complimentary domestic and overseas travel insurance
  • Travel inconvenience cover & transport accident cover

Customer Reviews

American Express Velocity Business Charge Card

48% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates & Fees

Interest rates

Purchase rate N/A

Cash advance rate N/A

Interest free on purchases up to 51 days

Credit limits

Minimum credit limt N/A

Maximum credit limit $25,000

Fees & repayments

Annual fee $249 p.a.

Additional card holder fee Up to 99 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2.5%

Cash advance fee N/A

Late payment fee $30

Rewards & points

Rewards program

Rewards Program Velocity Frequent Flyer Velocity Frequent Flyer

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

Velocity pointsVelocity points 1 point per $1 spent

Points cap per month N/A

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance yes

Flight inconvenience insurance No

Transport accident cover No

Smartphone Screen Insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Two single entries to domestic Virgin Australia lounges per year

Our Review

Editor Review

The American Express Velocity Business Charge Card

Providing your business with a wide range of excellent features, the American Express Velocity Business Charge Card offers you the opportunity to earn rewards on your business spending, while enjoying some wonderfully convenient tools and extras. Think a charge card might be right for your business? This offering from American Express may just be the charge card for you.

What we love...

One of the things we like most about the American Express Velocity Business Charge Card is its charge card capability. While still providing you with the ability to pay with plastic, it can offer more flexibility than a credit card, as it has no pre-set credit limit.

This can give you more flexibility in your business spending – all you need to do is pay the balance in full each month. And with up to 51 days interest free on purchases, you can extend your cashflow even further.

But that’s not all. This is a card that rewards you for your spending. Working in much the same way as other business rewards cards, the American Express Velocity Business Charge Card allows you to earn points on everyday spending, which can be redeemed on the Velocity program.

The earn rate on offer lets you earn 2 points per $1 spent on purchases with Virgin Australia, 1 Velocity Point per $1 spent on everyday card purchases, and 0.5 Velocity Points per $1 spent on utilities, non Am-Ex insurance providers and government bodies.

Points earned are automatically transferred to your Velocity Account each month, which can then be redeemed for flights or upgrades with Virgin Australia and its international airline partners, for a stay at selected hotels, for car rental, or for an extensive range of items within the Velocity Rewards Store.

What’s not so great...

As long as you understand how a charge card works – and don’t mistake it for a credit card – the American Express Velocity Business Charge Card doesn’t provide much to complain about.

You will have to cover the $249 annual fee, but this may be tax deductible, as long as the card is used solely for business purposes. Take note that supplementary cards linked to your account features an additional fee of $99 per year, per card.

Why should you choose this card?

Aside from its charge card flexibility and rewards points earning potential, the American Express Velocity Business Charge Card also has a number of other features on offer. As a cardholder, you can enjoy two complimentary single entry passes to the Virgin Australia lounge at selected domestic airports every year.

You can also benefit from a number of complimentary insurances, including domestic and overseas travel insurance, travel inconvenience cover and transport accident cover. Also on offer is emergency card replacement, online fraud protection and award-winning support from the American Express global customer service team.

In terms of business tools, the card provides transaction data feeds to MYOB accounting software, while also allowing you to keep track of expenditure by downloading statements and transaction details, and viewing balances using Quicken, MYOB or Microsoft Excel.

Overall Rating

A business charge card that allows cardholders to earn rewards on business spending, while taking advantage of a range of convenient features and business tools.

Pros

  • Earn points when you use your credit card
  • Range of complimentary benefits and insurance covers

Cons

  • You must have a business/ABN to apply for this credit card
Roland B Bleyer

Roland B Bleyer founded creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

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