Thumb american express velocity escape card

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
  • 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 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

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.