The American Express Velocity Escape Credit 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. This offer is for new applicants only.
Apple Pay - use your compatible iPhone, iPad and Apple Watch to securely pay with your card in store and within apps
Google 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 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

Credit Card Details

Provider	American Express
Prestige Level	Standard
Credit Card Type	American Express
Instant Approval	Yes in 60 seconds

Standard Rates

Purchase Rate	20.74%
Cash Advance Rate	-
Interest Charged From	Statement 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	0% p.a. on Balance Transfers for 12 months, an establishment fee of 1% applies
Offer end date	-
Rewards Program	Velocity Rewards
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.

Acceptance Criteria

Age to Apply	18
Min. Income	$40,000
Residency	Australia
Temporary residents	Yes with 457 Visa
Min. Credit Limit	$2,000
Joint applicants	No

Fees & Terms

Min. Monthly Repayment	$30
Annual Fee	$0
Over Limit Fee	-
Duplicate Statement fee	$10
Late Payment Fee	$30
Min. Monthly Repayment %	2.50%
Max. Credit Limit	$25000
Cash advance fee	-
Additional card holder fee	$0

Travel & Insurance

Foreign currency conversion fee	3% of transaction value
Overseas atm withdrawal fee	$2.50
Complimentary travel insurance	No

Am I eligible for this card?

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

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

How to apply

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)

Terms and Conditions: Read the Terms and Conditions for the American Express Velocity Escape Credit Card

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.

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