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American Express Velocity Platinum Card

American Express Velocity Platinum Card

Purchase Rate
20.74 %
p.a.




Cash Advance Rate -
Interest Free Up to 55 days
Annual Fee$375
Balance Transfer Rate 0% p.a.for first 12 months

  • Receive 50,000 bonus Velocity Points when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members, as well as Bank- issued American Express companion cardholders.
  • Earn 1.5 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.
  • Complimentary Virgin Australia return domestic flight every year after your first Card spend each year.
  • Enjoy 2 complimentary Virgin Australia lounge invitations each anniversary year at selected airports.
  • 0% p.a. on balance transfers for the first 12 months - A one-off credit plan establishment fee of 1% applies.
  • Complimentary domestic and international travel insurance.
  • Eligible for use with Android Pay, Apple Pay and Samsung Pay
  • Receive 100 Velocity Frequent Flyer Status Credits, when you spend a minimum of $50,000.

Card Details

Rewards Program Overseas ATM Availability
Insurance Cover for Purchases Automatic Travel Insurance

Rewards Program

  • Earn 1.5 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.
Rewards Points per Dollar 1.5 Linked to Frequent Flyer
Spend to Redeem $100 Gift Card* $4500 Frequent Flyer Ratio 3
Spend at Loyalty Partner for $100 Gift Card* SPEND FOR SYD/MEL RETURN* $5000

Lifetime of Points
Rewards Program Partners
Rewards Bonus Points Partners
Domestic Airlines
International Airlines
Conditions

Annual Fee $375 Minimum Repayment Greater of 2.5% or $30
Annual Fee First Year $375 Interest Charged From Purchase Date
Rewards Joining Fee $0 Late Payment Fee $30
Supplementary Card Fee $0    
Duplicate Statement Fee $10 Overseas ATM Balance Fee
Transaction Verification Fee $7 Overseas ATM Withdrawal Fee
Over Limit Fee $0 Overseas Emergency Card Replacement Fee

Visit the issuer's website for additional information. Go to site

Terms & Conditions
American Express credit approval criteria applies. Subject to Terms and Conditions. Fees and charges apply. All interest rates are quoted as an Annual Percentage Rate. All information is correct as at 3 October 2017 and is subject to change. This offer is only available to those who reside in Australia. Cards are offered, issued and administered by American Express Australia Limited. 1. Interest rates, fees and charges apply. All interest rates are quoted as an Annual Percentage Rate. All information, including fees, charges and interest rates are correct as at 3 October 2017 and are subject to change. This interest rate does not apply for Cash Advances and fees relating to Cash Advance. 2. You will have up to 55 days interest free on purchases provided you pay the full closing balance of your monthly statement by the due date each month. There is no interest free period on balance transfers or if you carry forward a balance from the previous statement period. The total of interest free days will depend on when you make the purchase and when your statement is issued. Android, Android Pay, and the Android Logo are trademarks of Google Inc. 3. Offer not available for Card Members who currently hold or who have previously held any other Card product offered by American Express Australia Limited in the preceding 60 day period. Balances may not be transferred from another Credit Card issued by American Express Australia Limited. The promotional balance transfer rate will be eligible for 12 months from the date the Card is approved, after which any remaining balance will revert to the standard rate of interest at that time. The credit plan establishment fee attracts the standard rate of interest. Interest free days do not apply to Balance Transfer balances, and you may be charged interest on other purchases and fees if you do not pay your Closing Balance (including any outstanding balance transfers), in full by the due date each month. We reserve the right to withdraw this offer if your account is not in good standing or we become aware of any adverse credit information. Click here for full Balance Transfer terms and conditions. 4. Supplementary Credit Card Members must be over 18 years of age. You will be liable for all Supplementary Credit Card spending. 5. Bonus & Eligibility. Offer only available to new American Express Card Members who apply online and are approved. To earn 50,000 Velocity Points, Card Members must spend $1,500 on eligible purchases on their new Card in the first 3 months from the Card approval date. Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited, in the preceding 18 month period are ineligible for the Velocity Points offer. Previous and existing bank-issued American Express companion cardholders are eligible for this offer (cards issued by: Australia New Zealand Banking Group Limited, Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corporation). Eligible purchases do not include cash advances, interest, balance transfers, fees and charges for traveller’s cheques and foreign currencies. This advertised offer is not applicable or valid in conjunction with any other advertised or promotional offer. 6. Velocity Points are earned in accordance with and subject to the American Express Velocity Card Points Terms and Conditions available here. Exclusions apply. Eligible purchases do not include cash advances, interest, balance transfers, fees and charges for traveller's cheques and foreign currencies. These do not earn Velocity Points. For the full list of exclusions, please refer to the American Express Velocity Cards Points Terms and Conditions available here. Certain transactions will earn 0.5 points per dollar with Merchants classified as; "government", including the Australian Taxation Office, the Australian Postal Corporation (Australia Post), federal/state and local government bodies. The additional Velocity Point earned per $1 spent on Virgin Australia only applies to purchases made in Australia. 7. The complimentary domestic economy Virgin Australia return flight is only 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 Membership. All flights are subject to availability and neither Virgin Australia nor American Express guarantees 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 for redemption. Route availability is subject to change without notice. All travel is subject to the American Express Velocity Platinum Card Benefits Terms and Conditions available here and travel is subject to Virgin Australia Conditions of Carriage available at virginaustralia.com. 8. Virgin Australia lounge entry passes are subject to the American Express Velocity Platinum Card Benefits Terms and Conditions available here. Two Single Entry passes to the Virgin Australia lounge will be activated on the Basic Card Member's Velocity membership card annually on or after each annual Card fee renewal date. Single Entry passes are valid for 12 months from the date of issue. The Virgin Australia lounge is operated by Virgin Australia Airlines Pty Ltd in selected domestic airports and entry is subject to the Virgin Australia lounge Terms and Conditions, available here and as amended from time to time. 9. American Express Velocity Platinum Card Insurances are underwritten by Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL No. 239687) (Chubb) and are subject to the terms, conditions and exclusions contained in the American Express Velocity Platinum Card Insurances policy of insurance between American Express Australia Limited (ABN 92 108 952 085, AFS Licence No. 291313) of 12 Shelley, Street Sydney NSW 2000, and Chubb. This landing page does not take into account your objectives, financial situation or needs. It is important for you to read the Terms and Conditions available here and consider the appropriateness of that insurance in relation to your individual requirements. 10. Entry into The American Express Lounge is governed by the full Terms and Conditions available at goodgoing.com.au/lounge. All entrants must adhere to the General Conditions of Entry. American Express Velocity Platinum Card Members are entitled to two (2) entries into The American Express Lounge per calendar year (1st January to 31st December) for each American Express Card account. Complimentary access is available for the Card Member's children between the ages of 2-17. Card Members wishing to bring additional guests may be subject to a charge that is to be processed on the Card Member's American Express Card. From time to time, American Express Card Members may be issued with a One-Day Pass for entry into The American Express Lounge at the discretion of American Express. 11. Provided that you notify us immediately of any fraudulent transactions and you have complied with your Card Conditions, you will not be held liable for any unauthorised charges. 12. If your Credit Card is lost or stolen, you must report it immediately. You can call American Express 24 hours a day. In Australia, call us on 1300 363 687. If you are overseas, report your lost or stolen Card to the nearest American Express Travel Service or Representative Office. Once you have notified us, you are not liable for any unauthorised charges. 13. 100 Velocity Frequent Flyer Status Credits will be awarded when you spend a minimum of $50,000 (on Eligible Spend) within your membership year. Card membership year means 365 days from the anniversary date of your American Express Velocity Platinum Card. Eligible Spend does not include cash type purchases on a Card, for example travellers cheques and foreign currencies or any interest, fees or charges (including late payment or dishonoured payments) charged to the Card account. Please allow up to 2 weeks after you meet the minimum spend requirement for the Velocity Frequent Flyer Status Credits to be credited to your Velocity account. In addition to Status Credits, Velocity members need to fly on Virgin Australia marketed flights to earn Eligible Sectors to upgrade or maintain a level of membership. To find out more about the Status Credit and Eligible Sector requirements for Velocity membership levels please visit velocityfrequentflyer.com/content/Status. Android, Android Pay, and the Android Logo are trademarks of Google Inc. Apple, the Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay and Touch ID are trademarks of Apple Inc. Samsung, Samsung Pay, Galaxy S (and other device names) and Samsung Knox are trademarks or registered trademarks of Samsung Electronics Co., Ltd. Other company and product names mentioned may be trademarks of their respective owners. Screen images are simulated; actual appearance may vary. Samsung Pay is available on select Samsung devices. American Express® is a registered trademark of American Express Company.


* For cards with reward programs that allow you to earn points, unless otherwise noted, the best case scenario of everyday spending is used when calculating the spend required to earn a reward. Everyday spending does not include bonus points that may be earned by shopping with loyalty partners. For rewards programs that have monthly caps, we assume you stay under that cap and for products with two cards, we assume spending is with the highest earning card. For programs that allow you to convert points for air travel at a price that changes from day to day, we have assumed that the flight is $300 (taxes and charges inclusive).

Visa® is a registered trademark of Visa International Services Association.
The MasterCard® brand is a registered trademark of MasterCard International Incorporated.

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