Subscribe to InfoChoice to receive


Special offers
Exclusive offers
Market data, trends and insights



Subscribe
Banking / Credit Cards / The American Express Velocity Escape Card

The American Express Velocity Escape Card

Purchase Rate
20.74 %
p.a.




Cash Advance Rate -
Interest Free Up to 44 days
Annual Fee$0
Balance Transfer Rate 0.99%for first 12 months

  • $0 p.a. annual Card fee
  • Receive 7,500 Velocity Points when you apply, are approved and spend $750 on your new Card within the first 3 months. This introductory offer is available to new American Express Card Members only
  • Earn up to 2 Velocity Points for every $1 spent on your Card
  • 0% p.a. on balance transfers for the first 12 months— A one-off credit plan establishment fee of 1% applies to any balances transferred
  • Eligible for use with Android Pay, Apple Pay and Samsung Pay
Shortlist View ShortList

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 19 August 2016 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, available here, as amended from time to time. 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, are approved and spend $750 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 other Consumer Credit Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer. 7,500 bonus Velocity Points will be awarded to the eligible Card Member’s 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. 3. Balance transfers are only available to new applicants who apply online and are approved. A one off 1% credit plan establishment fee applies. The maximum balance transfer that you can be approved for is $10,000 or 70% of your approved credit limit whichever is less. This offer is available to new customers. 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 are ineligible for this offer. Balances may not be transferred from another American Express Credit Card or American Express Business Credit Card. The balance transferred will be eligible for the promotional interest rate for a 12 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. Click here for full Balance Transfer terms and conditions. 4. Velocity membership and Points earn and redemption are subject to the Velocity Membership Terms & Conditions availablehere 5. 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 available here. Exclusions apply. 6. 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 International, Inc. (ABN 15 000 618 208, AFSL No. 237996) (AEII) of 12 Shelley Street, Sydney NSW 2000, 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. 8. 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. 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.

2016 Partner Awards

Money partner of the year



AFR Smart Investor
Blue Ribbon Awards
2015

Find out more



Twitter Facebook

© InfoChoice Pty Ltd ABN 93 061 105 735 AFSL and Australian Credit Licence number 349445

Although we cover a range of products, providers and services we don't cover every product, provider or service available in the market. The information and products contained on this website do not constitute recommendations or suggestions to purchase or apply for any particular product. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision.

Go to top