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 Cards Disclosure). This income helps keep the site running, and we thank you for your support.
Points lovers, don’t miss the opportunity to get a massive 120,000 bonus Velocity Points with our top pick of Velocity cards in Australia: the American Express Velocity Platinum Card. The last day to apply is this Tuesday 31 May 2022.
The Velocity Platinum Card serves up valuable perks like a complimentary domestic Virgin Australia return flight each year, a high points earn rate on spend, travel insurance, airport lounge passes and more.
Until 31 May 2022, new Card Members can receive a whopping 120,000 bonus Velocity Points when you apply online via our partner link here , are approved and spend $3,500 on your new card within the first three months.
In addition, Velocity is giving new credit card holders this month your choice of 40,000 extra bonus points, Gold Status for six months or a $300 flight credit – a generous further incentive! Simply register by 31 May.
Velocity Points don’t expire so long as you keep your account active by earning or redeeming at least one point every 24 months.
Here’s an overview of the card benefits you can enjoy.
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 can offset most or even all of the $375 annual card fee.
You can book the flight 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.
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, and you may use one of the passes for a guest.
Relax in a lounge before you fly
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 25 when they are travelling with you.
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 and amendment costs
- personal liability
- COVID-related trip change and cancellation costs.
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%)
- ‘buy now, pay later’ with American Express Plan It™ Instalments: pay off your card balance in equal monthly instalments with 0% interest (fees apply)
- use your card with Apple Pay, Google Pay or Samsung Pay
- Amex Offers: save money with regular discount offers with top brands
- American Express Experiences: access sought-after events like music, theatre and film, including via pre-sale tickets, and enjoy exclusive lounges at selected events.
Plus 120,000 bonus Velocity Points
Receive 120,000 bonus Velocity Points when you apply online via our partner link by 31 May 2022, are approved and spend $3,500 on your new card within the first 3 months (new Card Members only).
120k Velocity Points is enough to book a reward seat to the USA in economy return with Virgin and partner United Airlines.
You could also use the points to fly domestically up to 7 times in economy or 3 times in business class return, depending on distance – e.g. you could fly Sydney-Melbourne for 15,600 points in economy or 31,000 in business class, or Perth-East Coast for 35,600 points in economy or 71,000 in business class, plus taxes and fees.
Use your points to enjoy a holiday
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.
Don’t miss this exciting opportunity to pick up a top-quality card and a big serve of bonus points – it ends soon.
To read more and apply, click here (mobile friendly).
Important: This article is not intended to suggest that you should apply for a card. You should seek independent, professional advice and consider your personal circumstances before deciding to apply for a 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 Cards Disclosure.
Hi. Do any of these great credit card offers ever work for those of us recently retiree? When the income pa has changed? But we own homes, cars, everything, have money in the bank, travel constantly, etc. Seems a little discriminatory as we may very likely pay our bills easier than those on the aforementioned income! Thanks, Pam
Hi Pam, this comes up all the time with people in your situation. Unfortunately most card issuers are quite strict with income criteria. I’ve heard of retirees who were successful with card applications where they had regular income from investments – but they still had to meet the minimum income stated.
Are you able to apply if living overseas
Hi Sarah, I’m not sure. You must be Australian citizen or permanent resident or hold a long term visa – but as for whether you need to be currently living in Australia, it’s best you check with Amex directly.
What is the yearly premium
Hi, the annual fee is $375.
Do you know if both yourself any your partner can apply separately and both receive the 100,000 points. Furthermore, whether you could be additional cardholders on each other’s account to manage the minimum $1000 monthly spend? Many thanks!
Hi Kylie, yes you and your partner can each open an account to get 100k points each. As for then getting additional cards for each other’s accounts – I’m not sure, but I think that should be ok, as I’ve tried something similar in the past (but it was a few years ago).
Hi, thanks for this, great tip. I had applied before 4 April expecting a 100k point bonus but notice that the marketing now says bonus is only 50k points. I was approved a couple of weeks back and I ust received my card so I haven’t yet had the bonus credited. Should I expect the full 100k bonus points?
Hi, yes if you applied via our link for the 100k offer that amount will be credited to your account once you meet the minimum spend 🙂