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The American Express Velocity Platinum Credit Card

The American Express Velocity Platinum Credit Card is a feature packed premium card with exceptional reward point earn rates and an annual complimentary domestic flight with Virgin Australia.

Introductory Offer: 100,000 Velocity Points 

Offer conditions: Receive 100,000 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.

Key features of The American Express Velocity Platinum 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. This offer is for new applicants only.
  • Virgin Australia Lounges - Two complimentary Single Entry passes to the Virgin Australia lounge each year at selected domestic airports
  • Complimentary domestic return flight with Virgin Australia - to selected cities, now and every year after your first Card spend, subject to terms and conditions featured below.
  • Interest Free days - Up to 55 days on purchases
  • Supplementary cards - Pay no annual card fee for Supplementary Cards all of which earn points to your account.
  • Eligible for use with Android PayApple Pay and Samsung Pay
  • 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
  • Exceptional reward point earn rates - 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 Insurances

When you pay for your travel on your American Express Velocity Platinum credit card you and your family will benefit from a generous suite of insurances, for full details check out clause 8 in the card terms and conditions:

  • Domestic and International Travel Insurance
  • Travel Inconvenience Insurance - covering you for flight delays, missed connections or delayed luggage

American Express World-class Service

American Express Velocity Platinum 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 Qantas 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
  • Emergency Card replacement - If your card is lost or stolen, you can be rest assured as American Express can usually have it replaced within 48 hours, virtually anywhere in the world

Bonus & Eligibility: Offer only available to new American Express Card Members who apply online, are approved and spend $1,500 on their new Card in the first 3 months from the Card approval date. This is a limited time offer which may be withdrawn or changed at any time without notice. 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 this 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). 100,000 bonus Velocity points will be awarded to the eligible Card Members 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.

Rates updated at: 28 June 2017
Card Details
Card Provider American Express
Card Level Platinum
Card Type American Express
Instant Approval Yes in 60 seconds
Acceptance Criteria
Age To Apply 18
Min. Income $65000
Residency Australia
Temporary Residents Yes with 457 Visa
Min. Credit Limit $3000
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 100,000 Velocity points are on offer when you spend $1,500 on your new card within 3 months of opening the account
Bonus Points 100,000
Offer End Date 31st July 2017
Rewards Program Velocity Frequent Flyer Program
Rewards Points Earn 1.5 Velocity Points per $1 spent, except government bodies where you will earn 0.5 Velocity Points per $1 spent6
Fees and Terms
Interest Free Period Up to 55 days
Min. Monthly Repayment $30
Annual Fee $375
Balance Transfer Fee 1.00%
Over Limit Fee $30
Duplicate Statement Fee $10
Interest Charged From Purchase date
Late Payment Fee $30
Min. Repayment % 2.5
Max. Credit Limit $100000
Cash Advance Fee -
Additional Card Holder Fee $0.00
Travel and Insurance
Foreign Currency Conversion fee 3% of transaction value
Overseas ATM withdrawal fee -
Complimentary Travel Insurance When you pay for your travel on your American Express Velocity Platinum Card you and your family will benefit from a generous suite of insurances. Full details below. Domestic and International Travel Insurance Travel Inconvenience Insurance - covering you for flight delays, missed connections or delayed luggage
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Terms and Conditions: Read the Terms and Conditions for the American Express Velocity Platinum Credit Card

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. Booking is subject to the American Express Velocity Platinum Card Benefits Terms and Conditions available here and Virgin Australia Conditions of Carriage available at virginaustralia.com.

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 $65,000 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 Platinum 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 Platinum Credit Card. If they're stolen, lost 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 Platinum 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.

Complimentary Domestic & International Travel Insurance 
Here are just some of the insurance benefits you and your family could receive when you pay for travel with your American Express Velocity Platinum Credit Card:

  • Overseas Medical Emergency Expenses and Repatriation - up to $2,500,000
  • Travel Cancellation - up to $12,500
  • Baggage, Money and Documents Cover - up to $10,000
  • Personal Liability Cover - up to $2,000,000
  • Transport Accident Cover - up to $400,000

Travel Inconvenience Cover 
When you pay for travel with your Card or redeem your complimentary flight, you'll have the reassurance of knowing you're covered for Travel Delay, Missed Connections and Luggage Delay.

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.