Get 50,000 bonus Velocity Points with the American Express Velocity Platinum Card

Customer notice: we may receive a commission from Amex if you apply for a card via a link in this article (read more in our Credit Cards Disclosure). This income helps keep the site running, and we thank you for your support.

The American Express Velocity Platinum Card is our top pick of Velocity cards in Australia. It’s packed with perks including a very high points earn rate on spend, a complimentary domestic return flight each year, travel insurance, four lounge passes each year, and more.

Right now, new Card Members can also pick up 50,000 bonus Velocity Points with this card (more on that below).

If you’re not yet accumulating Velocity Points, it’s worth considering adding them to your points portfolio. We often prefer them to Qantas Points because it’s usually cheaper to book business class reward seats through Velocity, plus the taxes and fees are generally lower, and we can use Velocity Points to fly with our favourite airline of all: Singapore Airlines.

We also like that there’s no time limit for using Velocity Points and they don’t expire so long as you keep your Velocity account active by earning or redeeming at least one point every 24 months.

In our opinion, there’s no better card for earning Velocity Points than the Amex Velocity Platinum Card.

Here’s an overview of the card benefits you can enjoy, with more details and a mobile-friendly application form available here.

1. Earn piles of points on spend

You’ll turbocharge your Velocity Points balance by earning 1.25 points per $1 spent on purchases: one of the highest Velocity Points earn rates in Australia.

You’ll earn 2.25 Velocity Points per $1 spent with Virgin Australia and 0.5 points per $1 spent with government bodies.

Hundreds of thousands of merchants accept Amex in Australia, and that number is growing, so there’s no shortage of places where you can rake in the points with this card.

There’s also no cap on how many points you can earn.

2. Take off with a complimentary domestic return flight each year

You can book a complimentary Virgin Australia domestic economy return flight when you first receive the card and make a purchase with it, and then again on each anniversary of your card membership.

This gives you an opportunity every year to enjoy a holiday, explore somewhere new, or visit family and friends. Best of all, this perk offsets most or even all of the $375 annual card fee.

There are many eligible routes to choose from, as you can see in the table below.

It’s simple to book the flight online or over the phone, and you can reserve it for yourself or any person you choose.

3. Enjoy four airport lounge entries each year

Each year you’ll receive two passes to a Virgin Australia Lounge, which gives you access to stylish spaces around the country to relax in before your flight. These passes will be automatically loaded onto your Velocity membership card, and you can use one of the passes to bring in a guest with you.

You’ll also receive two entries each year to the exclusive American Express Lounge at Sydney Airport international or Melbourne Airport international, which are the two airports in Australia that have Amex lounges so far. Simply present your Amex card at the door to get in (again, you may use one of the passes for a guest).

Relax in a lounge before you fly

We’d value these lounge entries at more than $60 each, so there’s over $240 of value here each year.

4. Earn 100 Velocity Status Credits when you spend $50,000 in a year

Attain elite Velocity status faster by receiving 100 Status Credits when you spend $50,000 on eligible purchases within a membership year.

Eligible purchases are all spend made by you and additional card members, except cash type purchases like travellers’ cheques and foreign currencies, and interest, fees and charges on the account.

This is a very handy perk for frequent flyers chasing status, as you only need 250 Status Credits to attain Silver (200 to keep it in subsequent years) or 500 Status Credits to attain Gold (400 to keep it in later years).

The higher your status, the more perks you enjoy – like additional Virgin Australia lounge passes when you hit Silver and unlimited lounge access when you reach Gold.

5. Travel securely with domestic and overseas travel insurance

You’ll receive comprehensive travel insurance cover when you pay for a return trip with your card or use Velocity Points to book.

This cover extends to your domestic partner and dependent children up to the age of 22 when they are travelling with you (for more info, see page 11 of the T&Cs).

You’ll be covered for:

• inconvenience (flight delays, cancellations or missed connections, and delayed luggage)
• medical emergency expenses up to $2,500,000
• damaged, destroyed, lost or stolen baggage, money or documents
• travel cancellation costs
• personal liability.

If you’re currently paying for travel insurance and this cover meets your needs, you can save money by relying on it.

6. Earn more points, save money and enjoy other lifestyle benefits

There are many other perks to enjoy with this card, including:

• up to 4 complimentary additional cards for family members or friends over 16 years of age – an easy way to earn points faster
• up to 55 days interest-free on purchases (the interest rate thereafter is 20.74%)
• a 0% p.a. balance transfer for 12 months, with a one-off establishment fee of 1% (T&Cs apply)
• Amex Offers: save money with regular discount offers with top brands
• Amex Invites: access sought-after events like music, theatre and film, including via pre-sale tickets, and enjoy exclusive lounges at selected events.

Plus 50,000 bonus Velocity Points 

Receive 50,000 bonus Velocity Points when you apply online , are approved and spend $3,000 on your new card within the first 3 months (new Card Members only).

You could use these bonus points together with the points earned on initial spend to fly overseas. For example, you could fly:

• from Brisbane to Tokyo in economy return (55,600 points plus taxes and fees) or one way in stylish business class (59,500 points plus taxes and fees)
• from Sydney to Bali in economy return (44,600 points plus taxes and fees) or one way in business class (49,500 points plus taxes and fees).

Use your points to experience Virgin Australia business class

This offer is only available to new American Express Card Members. That means you must not have held a card issued directly by American Express Australia in the last 18 months. However, you are still eligible for this offer if you’ve held an Amex card issued by a bank (i.e. Westpac, ANZ, CBA or NAB) or if you’re an additional Card Member on someone else’s account.

The minimum income to qualify is $65,000 per annum.

To read more and apply, click here (mobile friendly).

 
 
Important: This article is not intended to suggest that you should apply for a credit card. You should seek independent, professional advice and consider your personal circumstances before deciding to apply for a credit card.

If you apply for a card via a link in this article, we may receive a commission from Amex. This income helps keep our site running, and we thank you for your support.

Read more in our Credit Cards Disclosure.