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50,000 Spend $3,000 in the first three months
American Express Velocity Platinum Credit Card
American Express Velocity Platinum Credit Card

American Express Credit Cards

American Express Velocity Platinum Credit Card

Updated 11 February 2021

Points Earn Rate (per $1 spent)

1.25

points

Velocity

Rewards Program

Velocity Frequent Flyer

Bonus Points

50,000 pts

Spend $3,000 in the first three months

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Receive 50,000 bonus Velocity Points when you apply online, are approved and spend $3,000 on your new card in the first 3 months. This offer is available to new Card Members only.
  • Earn 1.25 Velocity Points per $1 spent, except government bodies where you will earn 0.5 Velocity Points per $1 spent
  • Receive 100 Velocity Frequent Flyer Status Credits, when you spend a minimum of $50,000 (on Eligible Spend) within your membership year
  • Complimentary Return Domestic Flight on Virgin Australia each year
  • Free supplementary cards for family members
  • Complimentary Domestic and International Travel Insurance
  • Travel inconvenience insurance
  • Enjoy two complimentary single entry passes to the Virgin Australia lounge each year at selected domestic airports
  • Enjoy two complimentary entries per year to the American Express Lounge, located at Sydney International Airport or Melbourne International Airport

  • No balance transfers
  • High standard interest rates apply - you need to pay off this card in full each month

Creditcard.com.au review

Editor Review

American Express Velocity Platinum Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

American Express Velocity Platinum - 50,000 Velocity Points

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 the bonus 50k points if you sign up now. 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. Enjoy two complimentary entries per year to the American Express Lounge, located at Sydney International Airport or Melbourne International Airport.

What we love...

This card is absolutely packed with benefits for the $375 annual fee. Get 50,000 bonus Velocity Points when you apply online, are approved and spend $3,000 in the first three months. The 50,000 bonus Velocity Points will be awarded to the eligible Card Member’s account 8-10 weeks after the spend criteria has been met.

This is a great credit card when you don't run a balance on it. 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, refund and purchase protection, 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 1 additional Velocity Point per $1 spent on selected purchases with Virgin Australia

Pay for eligible travel on your card and get complimentary domestic and international travel insurance. 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 pay their balance off in time.

Overall Rating

Take advantage of an awesome offer with 50,000 bonus Velocity points, complimentary flights, lounge passes and insurances. Not to be missed!

User reviews

American Express Velocity Platinum Credit Card ( based on 3 Creditcard.com.au user reviews )

78% rating based on 3 reviews

Rates
Fees
Rewards
Customer Service
Value
75%

Creditcard.com.au Visitor

28 January 2013

Choose this one for 0% purchases for first 6 months and 30,000 bonus points. You get a free flight each year, access to the Virgin Lounge, some really good insurances for shopping and travelling. You can also earn points quickly on travel and on things you buy on the card everyday.

Recommends this card

Rates and fees

Interest rates



Purchase rate 20.74% p.a.

Cash advance rate N/A

Interest free period on purchases up to 55 days

Credit limits

Minimum credit limt $3,000

Maximum credit limit N/A

Fees & repayments

Annual fee $375 p.a.

Additional card holder fee Up to 4 at no extra cost

Foreign transaction fee 3%

Minimum repayment $30 or 2.5% (whichever is greater)

Cash advance fee N/A

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Velocity Frequent Flyer Velocity Frequent Flyer

Bonus points 50,000 points

Annual points cap uncapped

Bonus points spend criteria Spend $3,000 in the first three months

Earning points with this card

Velocity Rewards points 1.25 points 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 No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Two entries per year to the AMEX Lounge at Sydney or Melbourne International Airport

Two Virgin Australia lounge passes each year

Complimentary domestic return flight each year

Eligible with Apple Pay, Samsung Pay and Google Pay

100 Velocity Frequent Flyer Status Credits (min. spend of $50,000 in card membership year)

Overview

American Express Velocity Platinum Credit Card

An excellent travel rewards credit card, the American Express Velocity Platinum allows you to earn more points so you can escape to your favourite destination sooner. Along with a range of Platinum travel perks, you can also enjoy a great introductory offer.

Key features

  • Receive 50,000 bonus Velocity Points when you apply online and spend $3,000 in the first three months. This offer is available to new Card Members, as well as Bank- issued American Express companion cardholders
  • Receive 100 Velocity Frequent Flyer Status Credits, when you spend a minimum of $50,000 (on Eligible Spend) within your membership year
  • Complimentary Return Domestic Flight on Virgin Australia each year
  • Complimentary Domestic and International Travel Insurance
  • Travel inconvenience insurance
  • Enjoy two complimentary single entry passes to the Virgin Australia lounge each year at selected domestic airports
  • Enjoy two complimentary entries per year to the American Express Lounge, located at Sydney International Airport or Melbourne International Airport
  • Earn 1.25 Velocity Points per $1 spent, except government bodies where you will earn 0.5 Velocity Points per $1 spent
  • Earn 1 additional Velocity Point per $1 spent on selected purchases with Virgin Australia
  • Free supplementary cards for family members

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 long term visa. Long term means at least 12 months and does not include student visas.

  • Minimum income of $65,000 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.

41 questions (showing the latest 10 Q&As)

Garry Hanstead

Garry Hanstead

22 January 2021
Roland, can you advise what, if any, benefit/renumeration you are receiving from the companies whosecards you are recommending?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 January 2021
    Hi Garry, the business has recently passed out of my hands. So at this time I receive no remuneration. Bottom line, what is your question and I will assist as best I can?
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