Important disclosure

American Express Australia Limited

American Express Velocity Platinum Card

  • Apple, Google & Samsung Pay
  • Instant approval

Bonus Points

Receive up to 70,000 bonus Velocity Points

Receive 70,000 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

23.99%

p.a

Balance Transfer Rate

Not Applicable

Tags
  • Apple, Google & Samsung Pay
  • Instant approval
Purchase Rate

23.99%

p.a

Balance Transfer Rate

Not Applicable

Annual Fee

$375

Pros and cons

For Velocity Platinum Card

Benefits

  • Rewards Available through Velocity Frequent Flyer
  • Extra 60,000 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

$3k

Maximum credit limit

$50k

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

Important Rates

Rates

Purchase Rate

23.99%

p.a

Cash advance rate

Cash advance fee

Balance Transfer

Balance Transfer Rate

Not Applicable

Transfer Limit

Balance Transfer Fee

Overseas spending

Foreign Exchange Fee

3% on Amex

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

$65k

Eligibility conditions

-

Residency

Perks

  • DOMESTIC TRAVEL INSURANCE Available when you use your card to pay for return domestic travel
  • INTERNATIONAL TRAVEL INSURANCE Available when you use your Card to pay for return international travel
  • FREE SUPPLEMENTARY CARDS Up to 4 Free Additional Cards. Additional Card Members must be 18 years of age or over.
  • AIRPORT LOUNGE 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
  • PURCHASE PROTECTION INSURANCE Covers up to $2,500 per item and $20,000 per year with a $50 excess within 90 days of purchase
Specials
  • Bonus Points Receive up to 70,000 bonus Velocity Points
    Receive 70,000 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.

Other Restrictions

Cash Advance not available

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Rewards Platinum

  • Apple, Google & Samsung Pay
  • Balance transfer

Bonus Points

80,000 ANZ Reward Points and $50 back to your new ANZ Rewards Platinum credit card when you spend $2,000 on eligible purchases in the first 3 months from approval.
Purchase Rate

20.99%

p.a

Annual Fee

$149

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Latitude 28º Global Platinum Mastercard

  • Apple, Google & Samsung Pay
  • No annual fee

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Save with 0% international transaction fees on purchases. Plus, complimentary Flight Delay Pass and global data roaming.
Purchase Rate

27.49%

p.a

Annual Fee

$0

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Altitude Platinum (Altitude Velocity)

  • Apple, Google & Samsung Pay
  • Balance transfer
  • Instant approval

Bonus Points

Earn 80,000 bonus Velocity Points and reduced first year annual card fee.
Purchase Rate

19.99%

p.a

Annual Fee

$99

for 12 months then $175 thereafter

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Virgin Australia Velocity Flyer Card (Points Offer)

  • Apple & Samsung Pay
  • Balance transfer
  • Instant approval
Purchase Rate

20.74%

p.a

Annual Fee

$64

for 12 months then $129 thereafter