Get 50,000 bonus Velocity Points with the Amex Velocity Platinum Card

By |2018-12-13T21:08:38+00:004 December 2018|

Customer notice: we’ll 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 feature-packed American Express Velocity Platinum Card is Amex’s top Velocity card. It comes with the highest Velocity Points earn rate on spend, a complimentary Virgin Australia domestic flight each year, lounge entries, travel insurance and other handy perks for travellers.

Right now, new Amex card members can pick up a handy 50,000 bonus Velocity Points with this card.

Here’s an overview of the main card features, with more details and a mobile-friendly application form available here.

1. Receive a very high points earn rate on spend

Card members earn 1.25 Velocity Points per dollar spent on everyday purchases – the highest Velocity Points earn rate in Australia.

You earn 2.25 Velocity Points per dollar spent with Virgin Australia and 0.5 Velocity Points per dollar spent with government bodies.

Until 14 April 2019, you’ll earn an additional 0.25 Velocity Points per $1 spent on purchases, except for spend at government bodies in Australia.

With hundreds of thousands of merchants accepting Amex in Australia, there’s no shortage of places where you can earn points with this card.

As a bonus, there’s no cap on how many points you can earn.

2. Take off with a complimentary flight every year

After your first card spend each year, you’ll be entitled to a complimentary Virgin Australia domestic economy return flight between selected cities.

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

Departure CityDestinations
AdelaideAlice Springs, Brisbane, Canberra, Coolangatta (Gold Coast), Melbourne, Sydney
BrisbaneAdelaide, Cairns, Canberra, Darwin, Emerald, Hamilton Island, Hobart, Mackay, Melbourne, Newcastle, Proserpine, Rockhampton, Sydney, Townsville
HobartBrisbane, Melbourne, Sydney
MelbourneAdelaide, Brisbane, Canberra, Coolangatta (Gold Coast), Hamilton Island, Hobart, Launceston, Mildura, Maroochydore (Sunshine Coast), Newcastle, Sydney
PerthAdelaide, Geraldton, Kalgoorlie, Melbourne, Sydney
SydneyAdelaide, Albury, Ayers Rock (Uluru), Ballina/Byron, Brisbane, Canberra, Cairns, Coffs Harbour, Coolangatta (Gold Coast), Hamilton Island, Hervey Bay, Hobart, Launceston, Maroochydore (Sunshine Coast), Melbourne, Port Macquarie, Tamworth, Townsville
Other citiesClick here to see the routes from other cities.

You can book the flight for yourself or any person you choose. And since this benefit is available every year, it offsets most or all of the $375 annual card fee.

3. Enjoy four airport lounge entries each year

Relax before your next flight in style, even if you’re flying economy.

Each card membership year, you’ll receive two passes to a Virgin Australia lounge. These passes will be linked to your Velocity membership card (not your Amex card), so just present that at the door to get in.

You’ll also get two entries each calendar year to the American Express Lounge at Sydney Airport international or Melbourne Airport international. To enter the lounge, simply flash your Amex card at the door.

Relax in a Virgin Australia lounge before you fly

If you’re travelling with a guest, they can use one of the passes to enjoy the lounge with you.

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

Attain elite status with Virgin Australia faster by receiving 100 status credits when you reach $50,000 of eligible spend in a card membership year.

Eligible spend is all spend 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 useful 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 extra lounge passes when you hit silver and unlimited lounge access when you reach gold.

5. Receive complimentary travel insurance

When you pay for a return domestic or international flight with your card or use Velocity Points to book, you’ll receive insurance cover for you, your partner and dependent children 22 years of age or younger for:

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

The insurance T&Cs are available to read here.

6. Enjoy a range of other card benefits

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

  • up to 4 complimentary additional cards for family members over 18 years of age – an easy way for your household 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 offer for 12 months, with a one-off establishment fee of 1%
  • Amex Offers: save money with regular discount offers with some of Australia’s biggest and best brands
  • Amex Invites: access sought-after events like music, theatre and film, including via pre-sale tickets, and enjoy exclusive lounges for Amex card members at selected events.

Plus 50,000 bonus 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.

You could use these bonus points together with the points earned on spend to fly overseas with Virgin Australia or one of its partners. For example, you could fly from Melbourne or Sydney to Hong Kong in economy return (55,600 points plus taxes) or one way in stylish business class (59,500 points plus taxes).

Use your points to enjoy Virgin Australia business class

To be eligible for the introductory bonus points, you must not have held a credit card issued directly by Amex Australia in the last 18 months. However, you are eligible if:

  • you’ve held an Amex card issued by a bank (i.e. Westpac, ANZ, CBA or NAB), or
  • you’re an additional card member on someone else’s primary card account.

The minimum income to qualify is $65,000.

To read more on Amex’s website 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’ll 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.

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About the Author:

Kris is the founder of The High Life and a complete travel addict. Originally from Perth, he's now based in Melbourne - but he's happiest in the air travelling to somewhere new. In 2018, Kris will be exploring Thailand, southern Europe, the USA and Mexico.

37 Comments

  1. Heather 26 October 2018 at 12:54 pm - Reply

    How do you check if you bank has issued a Amex to you (not requested and not used) in the period on the conditions

    • Kris Brankovic 26 October 2018 at 1:06 pm - Reply

      Hi Heather, it doesn’t matter if you’ve held a bank-issued Amex. Even if you have, you’re still eligible for this 90k offer. Only people who have held a card issued directly by Amex Australia in the last 18 months aren’t eligible.

  2. Bec 23 October 2018 at 4:37 pm - Reply

    Hi,

    When do the points expire please?

    Thanks,

    Bec

    • Kris Brankovic 23 October 2018 at 6:03 pm - Reply

      Hi Bec, the points don’t expire so long as you keep your account active. You do that by earning or redeeming at least one point every 24 months (so it’s not a problem!).

  3. Tim 22 October 2018 at 6:39 pm - Reply

    Hi Kris,

    I already have the platinum card but would like access to the 4 entries, currently only have the 2 virgin longue accesses, do I need to cancel and reapply for hte same card for this to be applicable?

    Thanks
    Tim

    • Kris Brankovic 22 October 2018 at 7:51 pm - Reply

      Hi Tim, if you already have this card, you are already entitled to the Amex lounge entries. No need to reapply.

  4. Peter H 10 October 2018 at 1:35 pm - Reply

    Chris,
    Is it fee free for international purchases?

    • Kris Brankovic 10 October 2018 at 2:46 pm - Reply

      Hi Peter, there is a 3% foreign currency fee.

  5. Peter 6 February 2018 at 10:16 pm - Reply

    Hi Kris

    I won’t be eligible for the bonus points as I have held an Amex card issued directly by Amex Australia.

    BUT would I still be eligible for the 100 status credits (if I spend 50k in a year)? OR are these off the table for me too?

    Cheers
    Peter

    • Kris Brankovic 7 February 2018 at 10:04 am - Reply

      Hey Peter, you are definitely eligible to enjoy all the card perks, including the status credits. It’s just the sign up bonus you won’t receive 🙂

  6. David 29 January 2018 at 9:55 pm - Reply

    Hi Kris,

    Can my business apply for this card? I can’t see an option on the sign up page.

    Cheers

    • Kris Brankovic 29 January 2018 at 10:13 pm - Reply

      Hi David, an individual has to apply for Amex’s personal and business cards (corporate cards can be in a company name, but those are designed for larger companies).

      You can apply for this card and use it for business purposes, as Amex permits business expenses on ‘consumer’ credit cards 🙂

      There’s also this ‘business’ card offer at the moment (again, the business owner applies individually): https://thehighlife.com.au/american-express-business-explorer-credit-card/

  7. Fiona BROADBY 28 January 2018 at 7:22 pm - Reply

    Hello Kris. I had a Qantas ANZ AMEX card but they were cancelled / discontinued. I cannot remember when they cancelled the card. Do you think I will still get the points? Thank you

    • Kris Brankovic 28 January 2018 at 11:58 pm - Reply

      Hi Fiona, all bank-issued Amex cardholders (including ANZ) are eligible for the bonus points. Enjoy!

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