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points over 12 months Calculate your savings icon

Earn rate per $1

0.75 points
16.77% Complete (success)
Velocity Frequent Flyer

Bonus points

N/A
% Complete (success)

Annual fee

$0
p.a.
0% Complete (success)

Pros

$0 annual fee

Earn 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent

Earn 1 additional Velocity Point per $1 spent with Virgin Australia

4 additional card holders at no extra cost

Cons

The maximum balance transfer that you can be approved for is $10,000 or 70% of your approved credit limit, whichever is less

American Express Velocity Escape Credit Card

American Express, in partnership with Velocity, the Virgin Australia group of airlines have created Velocity Escape. The card has no annual fee and has a standard point earning ratio of 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent. Earn 1 additional Velocity Point per $1 spent with Virgin Australia. The Velocity program includes partnership airlines Virgin Atlantic (and all other Virgin airlines worldwide), Singapore Airlines, Delta, Etihad, Air New Zealand, Hawaiian and Airlines PNG, + Skywest in the United States. There is no cap on points earning with the card and they are transferred directly to your Velocity account for you – so no self management needed.  This product is available to an Australian citizen or permanent resident or someone that holds a current Business Long Stay Visa (subclass 457). Membership of the Velocity program is free too.

Key features

  • 0% on balance transfers for 12 months (excludes existing or previous card members and a one-off establishment fee of 1% applies)
  • Earn 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent
  • Earn 1 additional Velocity Point per $1 spent with Virgin Australia
  • No annual card fee
  • Emergency card replacement - they usually happen within 48 hours
  • Up to 4 additional card holders for free
  • Purchase and Refund protection, Online Fraud Protection Guarantee
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Earn 0.75 Velocity Points per $1 spent

Earn 1 additional Velocity Point per $1 spent with Virgin Australia and earn 0.5 Velocity Points per $1 spent on government bodies in Australia. The Velocity program includes partnership airlines Virgin Atlantic (and all other Virgin airlines worldwide), Singapore Airlines, Delta, Etihad, Air New Zealand, Hawaiian and Airlines PNG, + Skywest in the United States

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No annual fee

Plus benefit from up to 4 additional card holders at no extra cost. Membership of the Velocity program is free too.

90% of customers who have rated this card would recommend it
  • Rates
    55%
  • Fees
    89%
  • Rewards
    81%
  • Customer Service
    81%
  • Value
    77%
Overall user rating 77%
10 reviews

70% Visitor

Double points when I book Virgin - work give me the flight money and hey presto points for no cost

Recommends this card

Interest Rates
Purchase rate 20.74% p.a.
Cash advance rate N/A
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 12 months
Balance transfer fee 1% one off
Balance Transfer revert rate 20.74% p.a.
Balance transfer limit 70% of your approved new credit limit
Balance transfer from personal loan N/A
Banks you can't balance transfer from American Express
Credit limits
Minimum credit limit $2,000
Maximum credit limit $25,000
Fees & repayments
Annual fee $0 p.a.
Additional cardholder fee Up to 4 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 0.75 points per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month N/A
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance No
Rental vehicle excess cover No
Extras
Eligible with Apple Pay, Samsung Pay and Google Pay

The Big Review: American Express Velocity Escape Credit Card

Allowing cardholders to earn uncapped Velocity Points while paying no annual fee, the American Express Velocity Escape Credit Card is a rewards card that keeps it perfectly simple. Cardholders can benefit from handy features such as Refund Protection and Purchase Protection, with the option to take advantage of the card’s balance transfer offer of 0% p.a. for 12 months.

  • Earn 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent
  • Earn 1 additional Velocity Point per $1 spent on purchases with Virgin Australia
  • No points cap
  • Points transferred directly to your Velocity Account each month
  • No annual fee ever
  • Refund Protection
  • Purchase Protection
  • Online Fraud Guarantee
  • 0% p.a. on balance transfers for the first 12 months
  • Up to 55 days interest free on purchases
  • No annual fee for primary cardholder or additional cardholders.
  • Purchase rate at 20.74% p.a. (variable).
  • No cash advances.
  • A one-off credit plan establishment fee of 1% applies to all balances transferred.
  • Any transferred balance left unpaid reverts to the card’s purchase rate at the end of the introductory period.
  • Maximum balance transfer is $10,000 or 70% of your approved credit limit, whichever is less.

This Card: The Lowdown

With no annual fee ever, the American Express Velocity Escape Credit Card is the ideal option for cardholders looking to earn Velocity Points while keeping ongoing costs down. As long as you clear your balance each statement period and avoid unnecessary fees, this card provides a simple way to earn rewards on everyday spending, while paying out the absolute minimum.

Keeping it pretty basic, this card is a great choice for anyone who doesn’t need fancy features – or anyone who doesn’t want to pay for them. With 0% p.a. on balance transfers for 12 months, the card also works well for anyone looking to pay down existing credit card debt.

Digging Deeper

With the basics covered, it’s time to dig a little deeper into what’s on offer with the American Express Velocity Escape Credit Card, so you can decide whether this card is right for you.

This Card: As a Rewards Card

With very few additional extras on offer, this card’s big selling point is its rewards program. As a cardholder, you will pay no annual fee, so you are essentially earning rewards for FREE. Considering the fact that some rewards cards have annual fees that blow out to hundreds of dollars, the American Express Velocity Escape Credit Card really is offering something special.

Everyday Earning

With a straightforward earn rate, the American Express Velocity Escape Credit Card makes it easy to keep track of points earning.

  • Earn 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent
  • Earn 1 additional Velocity Point per $1 spent on purchases with Virgin Australia

There are two impressive aspects of the American Express Velocity Escape Credit Card that are worth highlighting. First, there is no cap on the points you earn. Unlike many other rewards cards, which cap the points you earn or reduce the number of points earned per $1 after a certain point, this card lets you earn as many points as you want.

Secondly, there is no annual fee for primary cardholders or additional cardholders. With rewards cards in general, you need to weigh up how much you are paying out in annual fees against the value of the rewards you get in return. Unfortunately, you will often find that balance is not in your favour.

But, with this card, you pay out nothing in annual fees, so the rewards you earn are essentially free. On top of that, your Velocity Frequent Flyer membership is also free. All the points that you earn – and that your additional cardholders earn – go straight to your Velocity Account each month, so there is very little maintenance required.

Velocity Frequent Flyer

If you are new to the Velocity Frequent Flyer program, then the American Express Velocity Escape Credit Card could be the ideal card for you. A gateway card, you could say. But, if you’re new to the program, you’ll need to learn more about the way it works if you want to take full advantage of it – and earn the maximum points for your spending.

Earning Points

As a cardholder, there are lots of ways in which you can earn points. You can earn Velocity Points on eligible flights with Virgin Australia and its airline partners, to more than 600 destinations worldwide. Airline partners include Air New Zealand, Delta Air Lines, Etihad Airways and Singapore Airlines.

You can also earn Velocity Points when you make a booking with Virgin Australia’s global travel partners. When you use your card to book with these travel partners, you will earn Velocity Points twice – once with your card and again with the partner. Accommodation partners include Crown Hotels, AccorHotels and TFE Hotels, while car hire partners include Europcar, Hertz and Thrifty.

If you are a Platinum, Gold or Silver Velocity member (more on that shortly), you will also earn a Velocity Points bonus when booking with selected Velocity travel partners, as well as on flights with Virgin Australia and its partner, Etihad Airways.

As for everyday points earning, Virgin Australia’s everyday partners allow cardholders to earn Velocity Points on day-to-day spending. Earn points filling up at BP service stations, paying for your phone contract at Virgin Mobile, paying your EnergyAustralia bill, or servicing your car at Midas. With Virgin Australia’s partners, you could even earn points visiting your dentist or buying wine.

Status Benefits

The Velocity Frequent Flyer program has four levels of membership, each of which determine the types of benefits you receive when you travel. After entry level membership, you can upgrade to Silver, and from there to Gold and Platinum Velocity membership. You climb the membership ladder by earning Status Credits.

Status Credits are different to Velocity Points, and can only be earned in a few ways. You can earn Status Credits when you fly on eligible flights with Virgin Australia and its airline partners, where the more frequently and further you fly, and the more flexible type of fare you book, the more Status Credits you will earn.

You can also earn Status Credits when you shop, using your linked flybuys card at Coles, Coles Online, Liquorland and First Choice Liquor. Here, you’ll earn 1 Status Credit for every $100 spent on eligible purchases, up to a maximum of 10 Status Credits per month. Lastly, you can use Family Pooling to direct your family members’ Status Credits into one nominated Velocity Account.

In terms of benefits, these vary according to the level of membership you hold. As a Platinum or Gold member you will receive benefits that include access to more than 150 lounges worldwide, Priority Check-in, Priority Boarding and additional baggage allowance, as well as complimentary membership to the premium tiers of Virgin Australia’s car hire and accommodation partners.

If you are a Platinum, Gold or Silver member, you will earn a Velocity Points bonus when you fly on eligible flights with Virgin Australia or Etihad Airways, as well as when you book with selected Velocity accommodation, car hire, insurance and travel partners.

Redeeming Points

Now to Velocity Points redemption. As a Velocity member, you can redeem your points for flights to more than 600 destinations worldwide, either by booking a Rewards Seat or Any Seat. Alternatively, you can redeem points to book accommodation, holiday packages and car hire with Virgin Australia’s global travel partners.

You can also redeem your points at the Velocity Rewards Store. Here, you can choose from hundreds of products, including electrical items, activewear and gift cards. Or, you can choose to redeem your points for fuel or in-store purchases at more than 1,000 participating BP service stations.

This Card: Extras on Offer

As we mentioned earlier, the American Express Velocity Escape Credit Card is not weighed down with extras. But, as it has no annual fee and a rewards program, this is not surprising. That’s not to say it’s completely devoid of features though. Here are some of the useful extras you can expect.

AmEx Service

One of the things American Express sells itself on is its service. With the American Express Velocity Escape Credit Card, that means offering extras such as Refund Protection, Purchase Protection, an Online Fraud Protection Guarantee and Emergency Card Replacement, as well as Global Card Support.

With Refund Protection, American Express will credit your account if you're refused a refund on an unused eligible item bought using the card within 90 days of purchase. American Express will pay up to $500 for one eligible item, up to a total of $2,000 within a year. Certain items are not covered, such as jewellery, mobile phones, books and items with a purchase price of less than $50.

With Purchase Protection, American Express will repair or refund eligible items bought using the card if they are accidentally broken or stolen within 90 days of purchase. American Express will pay up to $2,500 per claim, up to $10,000 within a year. Lost or stolen items cannot be claimed if they are not reported to the police within 48 hours, or if a written police report has not been obtained. There is an excess of $50 per claim.

With the card’s Online Fraud Protection Guarantee, you won't be held responsible for any unauthorised charges made without your knowledge while shopping online, while the Emergency Card Replacement service uses the American Express global network to get a replacement card to you within one working day, virtually anywhere in the world.

Compatibility

As the American Express Velocity Escape Credit Card has the American Express logo emblazoned on it, this card can be used anywhere American Express is accepted. The only thing to note here is not all merchants accept American Express, and some charge a higher credit card surcharge for American Express card use.

If you are a tech fan and love wearable technology, you’ll be glad to know that the American Express Velocity Escape Credit Card can be paired with Apple Pay, Samsung Pay and Google Pay.

Balance Transfer Offer

Another enticing incentive on the American Express Velocity Escape Credit Card is its balance transfer offer. As a new cardholder, you can benefit from 0% p.a. on balance transfers for the first 12 months. This could give you some much needed breathing space, allowing you to pay down existing credit card debt faster, while paying less in interest.

Take note that a one-off credit plan establishment fee of 1% applies to any balances transferred, and the maximum balance transfer is $10,000, or 70% of your approved credit limit, whichever is less. The offer is not available to cardholders who currently have an American Express card, or who have had one within the past 60 days.

Up to 55 Days Interest Free on Purchases

Another way to save on interest is to use the card’s interest free period on purchases. As long as you pay the full closing balance of your monthly statement by the due date each month, you can benefit from up to 55 days interest free on purchases. Bear in mind that the total number of interest free days will depend on when the purchase is made and when your statement is issued.

This Card: The Essentials

We already know this card has no annual fee, for the primary cardholder or for additional cardholders. It is worth noting that the purchase rate on this card is relatively high, so it’s best to clear the balance before interest starts accruing. Cash advances are not offered on this card, and there is a minimum credit limit of $2,000.

If you take advantage of the balance transfer offer, you will have to pay a 1% establishment fee, which isn’t great. Other fees you can avoid, however, include the $30 late payment fee, and the 3% foreign currency conversion fee.

As for eligibility, you need to be 18 years old or over to apply, with no history of bad debt or payment default. You must have an annual income of $40,000 or more, and you must be an Australian citizen or permanent resident, or hold a current Business Long Stay Visa (subclass 457).

Decision Time

An enticing option for anyone who wants to earn Velocity Points while paying no annual fee, the American Express Velocity Escape Credit Card is a simple rewards card with a selection of useful features. Take advantage of this easy way to earn rewards while paying out zip in annual fees, with the option of 0% p.a. on balance transfers for 12 months, should you need it.

51 questions (showing the latest 10 Q&As)

Dee

Dee

18 April 2019
Is this card available as a business credit card?
Ritu

Ritu

1 February 2019
With the Velocity card will I have access to the American express lounge at sydney airport
Tracey

Tracey

4 November 2018
Hi Are there additional charges on overseas purchases with this card. Thanks Tracey
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 November 2018
    Hi Tracey, there is a 3% Foreign Transaction Fee with this card. That is, when you purchase in an overseas currency you will be charged 3% of the purchase price as a foreign fee. For no annual fee, have a look at the 28 Degrees Platinum credit card. My favourite no foreign fee card is the ANZ Rewards Travel Adventure. Reward points earning, bonus points available, overseas travel insurance, no cash advance fees overseas. A great travel credit card.
adam

adam

15 July 2018
gday, thanks for the review,, was wondering if this card has any travel insurance? particularly the excess cover for hire cars? aust only or international?) thanks in advance
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 July 2018
    Hi Adam, this is a no annual fee, no frills credit card. It has no travel insurance available and just really is there is earn Velocity points at the nice rate of 1 per $1 spent. If you look at the HSBC Platinum offer. With 6k spend a year it effectively becomes a no annual fee card. It does have the benefit of insurance that you are after so may be worth a look.
Marcelo

Marcelo

12 July 2018
Hi,I'm currently a Velocity member. If I apply for this card can I keep the same account & do my current points still stand?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 July 2018
    Hi Marcelo, yes you can. You will link this card to your current Velocity frequent flyer account. Then any points you earn on the card will automatically be deposited into your current Velocity account on a monthly basis.
Praveen

Praveen

26 June 2018
Do get free entry to American Express lounge at airports
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 June 2018
    Hi Praveen, there are no lounge passes with this no annual fee credit card.
Hayley

Hayley

17 June 2018
I currently hold an Amex card issued by CBA which I have been advised by CBA that will not be able to use from 1/11/18. Can I still apply for an this AMEX eventhough I am still an Amex cardholder with a bank issued card? Also what are the options for paying your Velocity Escape Credit Card bill each month. I always pay my credit card bills in full by the due date. Am also looking at the AMEX Velocity card with the annual fee but am not sure I can justifying paying a $375 annual fee each year. I spend around $3000 each month at least on my credit card sometimes more and I do travel a lot mainly overseas, I always try and fly domestically with Virgin and am currently a Silver Velocity member. I'm not sure if this card is worth it with such a high annual fee. Your advice would be appreciated.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 June 2018
    Hi Hayley, Pay Bill Online allows you to register your bank details securely via Online Services, and then pay your American Express bill from either Online Services or the Amex Mobile App. I use BPAY myself to pay off my AMEX credit card. You can also post a cheque, setup direct debit or make payment in person at Australia Post ($3 handling fee). In regards to which card could be best for you. At 1.5 earn rate, that's 54,000 velocity points a year based on your spend. On the discovery its 36,000. So you get another 18,000 points a year for the annual fee. Other good features for the Velocity platinum are the Domestic and International Travel Insurance. Also the Complimentary Return Domestic Flight on Virgin Australia each year adds up. Add in both AMEX and Virgin lounge access which is really nice. If you can use these features then this then leans your decision more in favour of the Platinum. The real kicker is the 50,000 bonus points. This does more than pay for the annual fee. Bottom line if you are not going to use the extra features of the Platinum then the Velocity Escape can work. Though based on the bonus points etc then the Platinum could work out better in the end.
Kamran Azeem

Kamran Azeem

13 June 2018
How can I redeem my velocity escape points??
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 June 2018
    Hi Kamran, this is an automatic process where points are transferred to your Velocity account on a monthly basis. This will happen as long as you have linked / provided your Velocity frequent flyer membership number. If you have not reach out to AMEX and give them this.
Tiwa

Tiwa

13 May 2018
What is the credit limit
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2018
    Hi Tiwa, the maximum credit limit you can get with this card is $25,000. Though AMEX would assign your credit limit based on your own personal financial situation.
Ramesh Pandit

Ramesh Pandit

24 February 2018
I have more than $40000 in year and I have good credit history but I don’t have citizenship and permanent residence, so can I apply credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 February 2018
    Hi Ramesh, if you are on a long stay business visa then you can apply for this card.
Sonia

Sonia

21 January 2018
If 4 additional cardholders allowed who gets the velocity points given, can each 4 have there own velocity attached ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 January 2018
    Hi Sonia, all points earned would go to the primary card holder. You do have the ability to transfer points from your Velocity account to eligible family members but there are limits to this in amount and frequency.
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Australian citizen or permanent resident or hold a current Business Long Stay Visa (subclass 457)
  • Minimum income of $40,000 p.a.
  • You have your personal details ready to complete the online application
American Express Velocity Escape Credit Card
American Express Velocity Escape Credit Card

American Express Credit Cards

American Express Velocity Escape Credit Card

Updated 15 April 2019

Points Earn Rate (per $1 spent)

0.75

points

Velocity

Rewards Program

Velocity Frequent Flyer

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

Pros and cons

  • $0 annual fee
  • Earn 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent
  • Earn 1 additional Velocity Point per $1 spent with Virgin Australia
  • 4 additional card holders at no extra cost

  • The maximum balance transfer that you can be approved for is $10,000 or 70% of your approved credit limit, whichever is less

Creditcard.com.au review

Editor Review

The Big Review: American Express Velocity Escape Credit Card

Allowing cardholders to earn uncapped Velocity Points while paying no annual fee, the American Express Velocity Escape Credit Card is a rewards card that keeps it perfectly simple. Cardholders can benefit from handy features such as Refund Protection and Purchase Protection, with the option to take advantage of the card’s balance transfer offer of 0% p.a. for 12 months.

  • Earn 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent
  • Earn 1 additional Velocity Point per $1 spent on purchases with Virgin Australia
  • No points cap
  • Points transferred directly to your Velocity Account each month
  • No annual fee ever
  • Refund Protection
  • Purchase Protection
  • Online Fraud Guarantee
  • 0% p.a. on balance transfers for the first 12 months
  • Up to 55 days interest free on purchases
  • No annual fee for primary cardholder or additional cardholders.
  • Purchase rate at 20.74% p.a. (variable).
  • No cash advances.
  • A one-off credit plan establishment fee of 1% applies to all balances transferred.
  • Any transferred balance left unpaid reverts to the card’s purchase rate at the end of the introductory period.
  • Maximum balance transfer is $10,000 or 70% of your approved credit limit, whichever is less.

This Card: The Lowdown

With no annual fee ever, the American Express Velocity Escape Credit Card is the ideal option for cardholders looking to earn Velocity Points while keeping ongoing costs down. As long as you clear your balance each statement period and avoid unnecessary fees, this card provides a simple way to earn rewards on everyday spending, while paying out the absolute minimum.

Keeping it pretty basic, this card is a great choice for anyone who doesn’t need fancy features – or anyone who doesn’t want to pay for them. With 0% p.a. on balance transfers for 12 months, the card also works well for anyone looking to pay down existing credit card debt.

Digging Deeper

With the basics covered, it’s time to dig a little deeper into what’s on offer with the American Express Velocity Escape Credit Card, so you can decide whether this card is right for you.

This Card: As a Rewards Card

With very few additional extras on offer, this card’s big selling point is its rewards program. As a cardholder, you will pay no annual fee, so you are essentially earning rewards for FREE. Considering the fact that some rewards cards have annual fees that blow out to hundreds of dollars, the American Express Velocity Escape Credit Card really is offering something special.

Everyday Earning

With a straightforward earn rate, the American Express Velocity Escape Credit Card makes it easy to keep track of points earning.

  • Earn 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent
  • Earn 1 additional Velocity Point per $1 spent on purchases with Virgin Australia

There are two impressive aspects of the American Express Velocity Escape Credit Card that are worth highlighting. First, there is no cap on the points you earn. Unlike many other rewards cards, which cap the points you earn or reduce the number of points earned per $1 after a certain point, this card lets you earn as many points as you want.

Secondly, there is no annual fee for primary cardholders or additional cardholders. With rewards cards in general, you need to weigh up how much you are paying out in annual fees against the value of the rewards you get in return. Unfortunately, you will often find that balance is not in your favour.

But, with this card, you pay out nothing in annual fees, so the rewards you earn are essentially free. On top of that, your Velocity Frequent Flyer membership is also free. All the points that you earn – and that your additional cardholders earn – go straight to your Velocity Account each month, so there is very little maintenance required.

Velocity Frequent Flyer

If you are new to the Velocity Frequent Flyer program, then the American Express Velocity Escape Credit Card could be the ideal card for you. A gateway card, you could say. But, if you’re new to the program, you’ll need to learn more about the way it works if you want to take full advantage of it – and earn the maximum points for your spending.

Earning Points

As a cardholder, there are lots of ways in which you can earn points. You can earn Velocity Points on eligible flights with Virgin Australia and its airline partners, to more than 600 destinations worldwide. Airline partners include Air New Zealand, Delta Air Lines, Etihad Airways and Singapore Airlines.

You can also earn Velocity Points when you make a booking with Virgin Australia’s global travel partners. When you use your card to book with these travel partners, you will earn Velocity Points twice – once with your card and again with the partner. Accommodation partners include Crown Hotels, AccorHotels and TFE Hotels, while car hire partners include Europcar, Hertz and Thrifty.

If you are a Platinum, Gold or Silver Velocity member (more on that shortly), you will also earn a Velocity Points bonus when booking with selected Velocity travel partners, as well as on flights with Virgin Australia and its partner, Etihad Airways.

As for everyday points earning, Virgin Australia’s everyday partners allow cardholders to earn Velocity Points on day-to-day spending. Earn points filling up at BP service stations, paying for your phone contract at Virgin Mobile, paying your EnergyAustralia bill, or servicing your car at Midas. With Virgin Australia’s partners, you could even earn points visiting your dentist or buying wine.

Status Benefits

The Velocity Frequent Flyer program has four levels of membership, each of which determine the types of benefits you receive when you travel. After entry level membership, you can upgrade to Silver, and from there to Gold and Platinum Velocity membership. You climb the membership ladder by earning Status Credits.

Status Credits are different to Velocity Points, and can only be earned in a few ways. You can earn Status Credits when you fly on eligible flights with Virgin Australia and its airline partners, where the more frequently and further you fly, and the more flexible type of fare you book, the more Status Credits you will earn.

You can also earn Status Credits when you shop, using your linked flybuys card at Coles, Coles Online, Liquorland and First Choice Liquor. Here, you’ll earn 1 Status Credit for every $100 spent on eligible purchases, up to a maximum of 10 Status Credits per month. Lastly, you can use Family Pooling to direct your family members’ Status Credits into one nominated Velocity Account.

In terms of benefits, these vary according to the level of membership you hold. As a Platinum or Gold member you will receive benefits that include access to more than 150 lounges worldwide, Priority Check-in, Priority Boarding and additional baggage allowance, as well as complimentary membership to the premium tiers of Virgin Australia’s car hire and accommodation partners.

If you are a Platinum, Gold or Silver member, you will earn a Velocity Points bonus when you fly on eligible flights with Virgin Australia or Etihad Airways, as well as when you book with selected Velocity accommodation, car hire, insurance and travel partners.

Redeeming Points

Now to Velocity Points redemption. As a Velocity member, you can redeem your points for flights to more than 600 destinations worldwide, either by booking a Rewards Seat or Any Seat. Alternatively, you can redeem points to book accommodation, holiday packages and car hire with Virgin Australia’s global travel partners.

You can also redeem your points at the Velocity Rewards Store. Here, you can choose from hundreds of products, including electrical items, activewear and gift cards. Or, you can choose to redeem your points for fuel or in-store purchases at more than 1,000 participating BP service stations.

This Card: Extras on Offer

As we mentioned earlier, the American Express Velocity Escape Credit Card is not weighed down with extras. But, as it has no annual fee and a rewards program, this is not surprising. That’s not to say it’s completely devoid of features though. Here are some of the useful extras you can expect.

AmEx Service

One of the things American Express sells itself on is its service. With the American Express Velocity Escape Credit Card, that means offering extras such as Refund Protection, Purchase Protection, an Online Fraud Protection Guarantee and Emergency Card Replacement, as well as Global Card Support.

With Refund Protection, American Express will credit your account if you're refused a refund on an unused eligible item bought using the card within 90 days of purchase. American Express will pay up to $500 for one eligible item, up to a total of $2,000 within a year. Certain items are not covered, such as jewellery, mobile phones, books and items with a purchase price of less than $50.

With Purchase Protection, American Express will repair or refund eligible items bought using the card if they are accidentally broken or stolen within 90 days of purchase. American Express will pay up to $2,500 per claim, up to $10,000 within a year. Lost or stolen items cannot be claimed if they are not reported to the police within 48 hours, or if a written police report has not been obtained. There is an excess of $50 per claim.

With the card’s Online Fraud Protection Guarantee, you won't be held responsible for any unauthorised charges made without your knowledge while shopping online, while the Emergency Card Replacement service uses the American Express global network to get a replacement card to you within one working day, virtually anywhere in the world.

Compatibility

As the American Express Velocity Escape Credit Card has the American Express logo emblazoned on it, this card can be used anywhere American Express is accepted. The only thing to note here is not all merchants accept American Express, and some charge a higher credit card surcharge for American Express card use.

If you are a tech fan and love wearable technology, you’ll be glad to know that the American Express Velocity Escape Credit Card can be paired with Apple Pay, Samsung Pay and Google Pay.

Balance Transfer Offer

Another enticing incentive on the American Express Velocity Escape Credit Card is its balance transfer offer. As a new cardholder, you can benefit from 0% p.a. on balance transfers for the first 12 months. This could give you some much needed breathing space, allowing you to pay down existing credit card debt faster, while paying less in interest.

Take note that a one-off credit plan establishment fee of 1% applies to any balances transferred, and the maximum balance transfer is $10,000, or 70% of your approved credit limit, whichever is less. The offer is not available to cardholders who currently have an American Express card, or who have had one within the past 60 days.

Up to 55 Days Interest Free on Purchases

Another way to save on interest is to use the card’s interest free period on purchases. As long as you pay the full closing balance of your monthly statement by the due date each month, you can benefit from up to 55 days interest free on purchases. Bear in mind that the total number of interest free days will depend on when the purchase is made and when your statement is issued.

This Card: The Essentials

We already know this card has no annual fee, for the primary cardholder or for additional cardholders. It is worth noting that the purchase rate on this card is relatively high, so it’s best to clear the balance before interest starts accruing. Cash advances are not offered on this card, and there is a minimum credit limit of $2,000.

If you take advantage of the balance transfer offer, you will have to pay a 1% establishment fee, which isn’t great. Other fees you can avoid, however, include the $30 late payment fee, and the 3% foreign currency conversion fee.

As for eligibility, you need to be 18 years old or over to apply, with no history of bad debt or payment default. You must have an annual income of $40,000 or more, and you must be an Australian citizen or permanent resident, or hold a current Business Long Stay Visa (subclass 457).

Decision Time

An enticing option for anyone who wants to earn Velocity Points while paying no annual fee, the American Express Velocity Escape Credit Card is a simple rewards card with a selection of useful features. Take advantage of this easy way to earn rewards while paying out zip in annual fees, with the option of 0% p.a. on balance transfers for 12 months, should you need it.

User reviews

American Express Velocity Escape Credit Card ( based on 10 Creditcard.com.au user reviews )

77% rating based on 10 reviews

Rates
Fees
Rewards
Customer Service
Value
70%

CreditCard.com.au Visitor

1 May 2013

Double points when I book Virgin - work give me the flight money and hey presto points for no cost

Recommends this card

Rates and fees

Interest rates

Purchase rate 20.74% p.a.

Cash advance rate N/A

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 12 months

Balance transfer revert rate 20.74% p.a.

Balance transfer from personal loan N/A

Balance transfer fee 1% one off

Balance transfer limit 70% of approved credit limit

Banks you can't balance transfer from American Express

Credit limits

Minimum credit limt $2,000

Maximum credit limit $25,000

Fees & repayments

Annual fee $0 p.a.

Additional card holder fee Up to 4 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2.5%

Cash advance fee N/A

Late payment fee $30

Rewards and 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 0.75 points 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 No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance Yes

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Eligible with Apple Pay, Samsung Pay and Google Pay

Overview

American Express Velocity Escape Credit Card

American Express, in partnership with Velocity, the Virgin Australia group of airlines have created Velocity Escape. The card has no annual fee and has a standard point earning ratio of 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent. Earn 1 additional Velocity Point per $1 spent with Virgin Australia. The Velocity program includes partnership airlines Virgin Atlantic (and all other Virgin airlines worldwide), Singapore Airlines, Delta, Etihad, Air New Zealand, Hawaiian and Airlines PNG, + Skywest in the United States. There is no cap on points earning with the card and they are transferred directly to your Velocity account for you – so no self management needed.  This product is available to an Australian citizen or permanent resident or someone that holds a current Business Long Stay Visa (subclass 457). Membership of the Velocity program is free too.

Key features

  • 0% on balance transfers for 12 months (excludes existing or previous card members and a one-off establishment fee of 1% applies)
  • Earn 0.75 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent
  • Earn 1 additional Velocity Point per $1 spent with Virgin Australia
  • No annual card fee
  • Emergency card replacement - they usually happen within 48 hours
  • Up to 4 additional card holders for free
  • Purchase and Refund protection, Online Fraud Protection Guarantee

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 permanent resident or hold a current Business Long Stay Visa (subclass 457)

  • Minimum income of $40,000 p.a.

  • You have your personal details ready to complete the online application

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.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

51 questions (showing the latest 10 Q&As)

Dee

Dee

18 April 2019
Is this card available as a business credit card?
Ritu

Ritu

1 February 2019
With the Velocity card will I have access to the American express lounge at sydney airport
Tracey

Tracey

4 November 2018
Hi Are there additional charges on overseas purchases with this card. Thanks Tracey
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 November 2018
    Hi Tracey, there is a 3% Foreign Transaction Fee with this card. That is, when you purchase in an overseas currency you will be charged 3% of the purchase price as a foreign fee. For no annual fee, have a look at the 28 Degrees Platinum credit card. My favourite no foreign fee card is the ANZ Rewards Travel Adventure. Reward points earning, bonus points available, overseas travel insurance, no cash advance fees overseas. A great travel credit card.
adam

adam

15 July 2018
gday, thanks for the review,, was wondering if this card has any travel insurance? particularly the excess cover for hire cars? aust only or international?) thanks in advance
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 July 2018
    Hi Adam, this is a no annual fee, no frills credit card. It has no travel insurance available and just really is there is earn Velocity points at the nice rate of 1 per $1 spent. If you look at the HSBC Platinum offer. With 6k spend a year it effectively becomes a no annual fee card. It does have the benefit of insurance that you are after so may be worth a look.
Marcelo

Marcelo

12 July 2018
Hi,I'm currently a Velocity member. If I apply for this card can I keep the same account & do my current points still stand?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 July 2018
    Hi Marcelo, yes you can. You will link this card to your current Velocity frequent flyer account. Then any points you earn on the card will automatically be deposited into your current Velocity account on a monthly basis.
Praveen

Praveen

26 June 2018
Do get free entry to American Express lounge at airports
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 June 2018
    Hi Praveen, there are no lounge passes with this no annual fee credit card.
Hayley

Hayley

17 June 2018
I currently hold an Amex card issued by CBA which I have been advised by CBA that will not be able to use from 1/11/18. Can I still apply for an this AMEX eventhough I am still an Amex cardholder with a bank issued card? Also what are the options for paying your Velocity Escape Credit Card bill each month. I always pay my credit card bills in full by the due date. Am also looking at the AMEX Velocity card with the annual fee but am not sure I can justifying paying a $375 annual fee each year. I spend around $3000 each month at least on my credit card sometimes more and I do travel a lot mainly overseas, I always try and fly domestically with Virgin and am currently a Silver Velocity member. I'm not sure if this card is worth it with such a high annual fee. Your advice would be appreciated.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 June 2018
    Hi Hayley, Pay Bill Online allows you to register your bank details securely via Online Services, and then pay your American Express bill from either Online Services or the Amex Mobile App. I use BPAY myself to pay off my AMEX credit card. You can also post a cheque, setup direct debit or make payment in person at Australia Post ($3 handling fee). In regards to which card could be best for you. At 1.5 earn rate, that's 54,000 velocity points a year based on your spend. On the discovery its 36,000. So you get another 18,000 points a year for the annual fee. Other good features for the Velocity platinum are the Domestic and International Travel Insurance. Also the Complimentary Return Domestic Flight on Virgin Australia each year adds up. Add in both AMEX and Virgin lounge access which is really nice. If you can use these features then this then leans your decision more in favour of the Platinum. The real kicker is the 50,000 bonus points. This does more than pay for the annual fee. Bottom line if you are not going to use the extra features of the Platinum then the Velocity Escape can work. Though based on the bonus points etc then the Platinum could work out better in the end.
Kamran Azeem

Kamran Azeem

13 June 2018
How can I redeem my velocity escape points??
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 June 2018
    Hi Kamran, this is an automatic process where points are transferred to your Velocity account on a monthly basis. This will happen as long as you have linked / provided your Velocity frequent flyer membership number. If you have not reach out to AMEX and give them this.
Tiwa

Tiwa

13 May 2018
What is the credit limit
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2018
    Hi Tiwa, the maximum credit limit you can get with this card is $25,000. Though AMEX would assign your credit limit based on your own personal financial situation.
Ramesh Pandit

Ramesh Pandit

24 February 2018
I have more than $40000 in year and I have good credit history but I don’t have citizenship and permanent residence, so can I apply credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 February 2018
    Hi Ramesh, if you are on a long stay business visa then you can apply for this card.
Sonia

Sonia

21 January 2018
If 4 additional cardholders allowed who gets the velocity points given, can each 4 have there own velocity attached ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 January 2018
    Hi Sonia, all points earned would go to the primary card holder. You do have the ability to transfer points from your Velocity account to eligible family members but there are limits to this in amount and frequency.

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