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Banking / Credit Cards / The American Express Velocity Escape Card

The American Express Velocity Escape Card

Purchase Rate
20.74 %
p.a.




Cash Advance Rate -% p.a
Interest Free Up to 44 days
Annual Fee$0
Balance Transfer Rate 0.99%for first 6 months

  • $0 p.a. Annual Card fee.
  • Introductory Offer - Earn up to 10,000 bonus Velocity Points when you apply by 12 January 2015, are approved and spend $300 on your Card within the first 3 months. This introductory offer is available to new American Express Card Members only.
  • 0.99% p.a. on balance transfers for the first 6 months. This offer excludes any existing or previous Cardmembers. A one-off credit plan establishment fee of 1% applies to any balances transferred.
  • There's no limit to the number of Velocity Points you can earn as long as your account remains current and in good standing.
  • Refund Protection - we'll credit your account if you're refused a refund on an unused eligible item within 90 days of purchase.
  • Purchase Protection repairs or refunds eligible items if they are accidentally broken or stolen within 90 days of purchase.
  • Online fraud protection guarantee - you won't be held responsible for any unauthorised charges made without your knowledge while shopping online.
  • Access your account online via mobile phone, laptop or desktop computer to view transactions, schedule payments and keep tabs on your Velocity Points.

Card Details

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

Rewards Program

  • Earn 2 Velocity Points per dollar spent with Virgin Australia.
  • Earn 1 Velocity Point per dollar spent on all other purchases.
  • There's no limit to the number of Velocity Points you can earn.
  • Earn Velocity points faster with Supplementary Cards at no extra cost.
Rewards Points per Dollar 2 Linked to Frequent Flyer
Spend to Redeem $100 Gift Card* $6750 Frequent Flyer Ratio 2
Spend at Loyalty Partner for $100 Gift Card* SPEND FOR SYD/MEL RETURN* $7500

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

Annual Fee $0 Minimum Repayment Greater of 2.5% or $30
Annual Fee First Year $0 Interest Charged From PurchaseDate
Rewards Joining Fee $0 Late Payment Fee $30
Supplementary Card Fee $0    
Duplicate Statement Fee $7 Overseas ATM Balance Fee
Transaction Verification Fee Overseas ATM Withdrawal Fee
Over Limit Fee $15 Overseas Emergency Card Replacement Fee

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

Terms & Conditions
Cards are offered, issued and administered by American Express Australia Limited. Credit provided by American Express Australia Limited (ABN 92 108 952 085). Australian Credit Licence No. 291313. ®Registered Trademark of American Express Company. Applicants must be 18 years of age or over, reside in Australia and earn a minimum income of $40,000 per annum to apply for the American Express Velocity Escape Card. American Express income and credit approval criteria applies. Subject to Terms and Conditions. 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 November 2014 and are subject to change. To earn and redeem Velocity Points, you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, as amended from time to time. *Balance transfers are only available to new applicants who apply online or by phone by 12 January 2015 and are approved. A one off 1% credit plan establishment fee applies. The maximum balance transfer that you can be approved for is $7,500 or 50% of your approved credit limit whichever is less. Existing card members are not eligible for this offer. Card Members who currently hold or who have previously held any other Card product offered by American Express Australia Limited are ineligible for this offer. The balance transferred will be eligible for the promotional interest rate for a six-month period from approval, at which point any remaining balance transfer 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 if you do not pay your Closing Balance (which includes any outstanding balance transfers, cash advances, purchases and fees) 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. 1. Points are earned in accordance with the American Express Velocity Cards Points Terms and Conditions available here. Exclusions apply. The earn rate of 2 Points per $1 spent applies only to Virgin Australia purchases made in Australia. An earn rate of 1 Point per $1 spent applies everywhere else. 2. Offer only available to new American Express Card members who apply by 12 January 2015, are approved and spend $300 on their new Card in the first 3 months of Card Membership. Card Members who currently hold or who have previously held any other Card product offered by American Express Australia Limited in the preceding 12 month period are ineligible for this offer. 10,000 Bonus Velocity Points will be awarded to your Velocity Account 8-10 weeks after the spend criteria has been met. This advertised offer is not applicable or valid in conjunction with any other advertised or promotional offer. Velocity membership and Points earn and redemption are subject to the Velocity Membership Terms & Conditions. 3. Velocity membership and Points earn and redemption are subject to the Velocity Membership Terms & Conditions 4. Supplementary Credit Card members must be over 18 years of age. You will be liable for all Supplementary Credit Card spending. Points are earned in accordance with the American Express Velocity Cards Points Terms and Conditions. Exclusions apply. 5. American Express Velocity Escape Card Insurances are underwritten by ACE Insurance Limited (ABN 23 001 642 020, AFSL No. 239687) (ACE) and are subject to the terms, conditions and exclusions contained in the American Express Velocity Escape Card Insurances policy of insurance between American Express Australia Limited (ABN 92 108 952 085, AFSL No. 291313) (American Express) and ACE. 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. 7. Provided that you notify us immediately upon discovery of any fraudulent transactions and you have complied with your Card member Agreement, you will not be held liable for any unauthorised charges.


* 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).

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