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The American Express Velocity Escape Card

The American Express Velocity Escape Credit Card combines a very rare combination of features - a rewards program and a $0 annual fee and low minimum income requirement of $40,000 p.a. (Which also applies to non-residents)

Introductory Offer: 0% p.a. on Balance Transfers for 12 months

Offer conditions: This offer is available to new Card Members, as well as Bank-issued American Express companion cardholders. A one-off credit plan establishment fee of 1% applies to any balances transferred.

Key features of The American Express Velocity Escape Credit Card

  • 0% p.a. on balance transfers for the first 12 months - to help you save on interest repayments and pay your other balances sooner. A one-off 1% credit plan establishment fee applies and you can transfer up to 70% of your approved credit limit to a maximum of $10,000.
  • Supplementary cards - Pay no annual card fee for Supplementary Cards all of which earn points to your account.
  • No limit to the number of Velocity Points you can earn as long as your account remains current and in good standing. 
  • Automatic Points Transfer - Each month any points earned will be automatically transferred to your linked Velocity Frequent Flyer Account
  • Velocity Point earn rates - Earn 1 Velocity Point per $1 spent, except government bodies in Australia where you will earn  0.5 Velocity Points per $1 spent
  • Upto 55 interest free days - on purchases

American Express World-class Service

The American Express Velocity Escape Credit Card is packaged with a generous range of services:

  • Access your account wherever you are in the world - via mobile phone, laptop or desktop computer
  • Stay organised - American Express provides online tools to view transactions, schedule payments, set up email or text message reminders for payments and keep tabs on your Velocity points
  • Online Fraud Protection Guarantee - you won't be held responsible for any unauthorised charges online as long as you notify American Express immediately upon discovery of the fraudulent transactions
  • Global Card Support - account assistance any time of the day or night
  • Refund Protection - American Express will credit your account if you are refused a refund on an unused eligible item within 90 days of purchase
  • Purchase Protection - repairs or replaces eligible items if they are accidentally broken or stolen within 90 days of purchase

Rates updated at: 19 August 2017
Card Details
Card Provider American Express
Card Level Standard
Card Type American Express
Instant Approval Yes in 60 seconds
Acceptance Criteria
Age To Apply 18
Min. Income $40000
Residency Australia
Temporary Residents Yes with 457 Visa
Min. Credit Limit $2000
Joint Applicants No
Standard Rates
Purchase Rate 20.74% p.a.
Cash Advance Rate -
Balance Transfer Rate 0.00% p.a.
Balance Transfer
Balance Transfer Rate 0.00% p.a.
Balance Transfer Period 12 months
Balance Transfer Fee 1.00%
Benefits
Introductory Offer 0% p.a. on Balance Transfers for 12 months
Bonus Points -
Offer End Date -
Rewards Program Velocity Frequent Flyer
Rewards Points No points cap on the amount of Velocity Points you can earn. Automatic Points Transfer - Each month any points earned will be automatically transferred to your linked Velocity Frequent Flyer Account. Earn 1 Velocity Point per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent.
Fees and Terms
Interest Free Period Up to 55 days
Min. Monthly Repayment $30
Annual Fee $0.00
Balance Transfer Fee 1.00%
Over Limit Fee -
Duplicate Statement Fee $10
Interest Charged From Purchase Date
Late Payment Fee $30
Min. Repayment % 2.5
Max. Credit Limit -
Cash Advance Fee -
Additional Card Holder Fee $0.00
Travel and Insurance
Foreign Currency Conversion fee 3% of transaction value
Overseas ATM withdrawal fee $2.50
Complimentary Travel Insurance No
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Terms and Conditions: Read the Terms and Conditions for the American Express Velocity Escape Credit Card 

 

Answer yes to these 4 questions and you are eligible to apply:

  1. I am over 18 years of age
  2. I have a personnel gross income of at least $40,000 p.a.
  3. I have a good credit rating with no history of bad debt or payment default
  4. I am a permanent Australian resident or Australian Citizen or hold a current Business Long Stay Visa (sub class 457)

 

 

To apply on line and get a response in 60 Seconds for the American Express Velocity Escape credit card you’ll need the following information to hand:

  • An Australian Drivers License or passport for each applicant
  • A salary or wage slip for each applicant
  • Your employer’s details - including full address and telephone number.
  • Details of your assets, debts and any investments
  • The repayment amounts and balances owing on any liabilities including store and credit cards.
  • An email address
  • Your Velocity Frequent Flyer number (you can add this later)

Apply now

 

Complimentary Insurances

Purchase Protection 
Purchase protection covers eligible items you have purchased with your American Express Velocity Escape Credit Card. If they're stolen or damaged within 90 days of the purchase date, they'll either be repaired or refunded.

 

Refund Protection 
If you try to return an unused eligible item that you purchased with your American Express Velocity Escape Credit Card within 90 days of the date of purchase on your Card and the establishment refuses to take it back, we'll refund the purchase price.

 

Online fraud protection guarantee 
Shop online with confidence, because with our Online Fraud Protection Guarantee, you won't be held responsible for any unauthorised charges made without your knowledge while shopping on the internet.

 

A: You commence a secure application process as follows:

  1. Clicking Go to site will direct you to the providers web site‚Äč
  2. Complete the online application on the providers web site
  3. Once approved, the Provider will issue your new credit card, this takes around 1-2 weeks.