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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: 50,000 Velocity Points 

Offer conditions: Receive 50,000 bonus Velocity Points when you 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.
  • Apple Pay - use your compatible iPhone, iPad and Apple Watch to securely pay with your card in store and within apps
  • Android Pay - use your compatible Android device to securely pay with your card in store and within apps
  • Supplementary cards - Pay no annual card fee for Supplementary Cards all of which earn points to your account.
  • 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
  • Velocity 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
Credit Card Details
Provider American Express
Prestige Level Platinum
Credit Card Type American Express
Instant Approval Yes in 60 seconds
Standard Rates
Purchase Rate 20.74%
Cash Advance Rate -
Interest Charged From Purchase date
Interest Free Period Up to 55 days
Balance Transfer
Balance Transfer Rate 0%
Balance Transfer Period 12 months
Balance Transfer Fee 1%
Balance Transfer Processing Time 10 - 14 days
Max. Balance Transfer $10,000 or 70% of credit limit
Revert rate 20.74% p.a.
Benefits
Intro Offer 50,000 Velocity Points are on offer when you spend $1,500 on your new card within 3 months of opening the account. PLUS 0% p.a. on Balance Transfers for 12 months, an establishment fee of 1% applies
Offer end date -
Rewards Program Velocity Rewards
Rewards Points 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
Acceptance Criteria
Age to Apply 18
Min. Income $65,000
Residency Australia
Temporary residents Yes with 457 Visa
Min. Credit Limit $3,000
Joint applicants No
Fees & Terms
Min. Monthly Repayment $30
Annual Fee $375
Over Limit Fee $30
Duplicate Statement fee $10
Late Payment Fee $30
Min. Monthly Repayment % 2.50%
Max. Credit Limit $100,000
Cash advance fee -
Additional card holder fee $0
Travel & 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. Domestic and International Travel Insurance Travel Inconvenience Insurance - covering you for flight delays, missed connections or delayed luggage

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.