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- Velocity Platinum Card
American Express Velocity Platinum Card
- Bonus Points
- Apple, Google & Samsung Pay
Receive up to 100,000 bonus Velocity Points
Receive 100,000 bonus Velocity Points when you apply online, are approved, and spend $3,000 on your new Card within the first 3 months. Available to new Card Members only.
Purchase rate p.a.
23.99%
Balance transfer rate
Not Applicable
Annual fee
$375
American Express Velocity Platinum Card
- Bonus Points
- Apple, Google & Samsung Pay
Purchase rate p.a.
23.99%
Balance transfer rate
Not Applicable
Annual fee
$375
Pros and Cons
For American Express Velocity Platinum Card
Benefits
- Rewards Available through Velocity Frequent Flyer
- Extra 100,000 points subject to eligibility conditions
- Ability to convert large purchases into instalment plans
- Apple Pay, Google Pay and Samsung Pay available
- Domestic travel insurance
- International travel insurance
- Free supplementary cards
- Airport lounge
- Purchase protection insurance
Drawbacks
- Higher than average ongoing variable purchase rate
- Higher than average ongoing annual fee
- No balance transfer
American Express Rate Credit Card overview
For Velocity Platinum Card
Details
Card level
Platinum
Card type
AMEX
Interest free days
55
Minimum monthly repayment
2.5% or $30
Minimum credit limit
$3,000
Maximum credit limit
$50,000
Free supplementary cards
Instant approval
Target Market Determination
Visit American Express Australia Limited to view Target Market Determination.
Fees
Annual fee
$375
Annual Fee Spend Waiver
Supplementary card annual fee
$0
Late payment fee
$30
Over limit fee
$15
Duplicate statement fee
$10
Electronic Wallet Service
Apple pay available
Google pay available
Samsung pay available
Important Rates
Rates
Purchase rate p.a.
23.99%
Cash advance rate
Cash advance fee
Balance Transfer
Balance transfer rate
Not Applicable
Transfer limit
Balance transfer fee
Overseas spending
Foreign exchange fee
Overseas charges
Estimated ATM cost
Rewards
Program name
Velocity Frequent Flyer
Rewards available
Gift Card, Domestic Flights, International Flights
Eligibility
Minimum age
18
Minimum income
$65,000
Eligibility conditions
Residency
Perks
Available when you use your card to pay for return domestic travel
Available when you use your Card to pay for return international travel
Up to 4 Free Additional Cards. Additional Card Members must be 18 years of age or over.
Up to two Virgin Australia lounge passes each anniversary year at selected domestic airports and two entries per year into the American Express Lounge at Sydney or Melbourne International Airport
Covers up to $2,500 per item and $20,000 per year with a $50 excess within 90 days of purchase
Other Restrictions
Cash Advance not available
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Product data updated on 26 Apr 2024