American Express Velocity Platinum Credit Card

Updated 8 January 2025

Take to the skies with platinum travel benefits 👑 Earn 60,000 bonus Velocity Points (minimum spend applies), unlimited lounge passes with selected Virgin Australia domestic airports, guest passes and a complimentary return flight each year.

Plus, earn up to 100 Status Credits each year when you meet spending criteria, and you could save money on travel with domestic and international travel insurance. This card could be a good fit for frequent flyers who enjoy travelling with Virgin Australia.
Terms and conditions apply.

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Welcome bonus: Get 60,000 bonus Velocity Points when you apply online, are approved, and spend $3,000 on eligible purchases on your new card within the first 3 months. This offer ends 21 January 2025 and is available for new Amex cardholders only (T&Cs apply).
Earn points: You'll earn 1.25 Velocity Points per $1 spent, except government bodies where you can earn 0.5 Velocity Points per $1 spent, and 2.25 Velocity Points per $1 spent on selected purchases with Virgin Australia.
Bonus status credits: Earn up to 100 Velocity Frequent Flyer Status Credits (50 status credits at $25k spent and a further 50 status credits when another $25k is spent on the card within your membership year).
Travel perks: Get a complimentary return domestic flight with Virgin Australia on selected routes after your first spend on the card in each anniversary year. You can also access Virgin Australia lounges at eligible domestic airports when flying with Virgin (enrolment required), and get 2 VA Guest Lounge Passes per year for travel companions on a domestic Virgin Australia flight.
Travel insurance: Complimentary domestic and international travel insurance. Terms, conditions and exclusions apply (such as maximum age limits, pre-existing medical conditions and cover limits).
Extras: Add up to 4 additional cardholders at no extra cost, plus you’ll get Card Refund and Card Purchase cover (terms, conditions and exclusions apply). Sync your card with Apple Pay, Google Pay and Samsung Pay.

High standard interest rates apply, so it’s best to pay this card off in full each month
Bonus points are available to new American Express cardholders only

American Express Velocity Platinum Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

Overall Rating

The Amex Velocity Platinum Card is loaded up with premium travel extras, including some great benefits like a complimentary return domestic flight between select cities each year and Virgin Australia (VA) Lounge Access every time you fly domestically with Virgin Australia at selected domestic airports .

Just make sure you can use the big-ticket features each year to help balance out the annual fee, and watch out for the high 23.99% p.a. interest rate. You'll get the most value out of the card if you pay it off in full each month.

What I love about the American Express Velocity Platinum Card and the card benefits*

There’s a bit of pizzazz to this card. It’s got premium features that make travel a little more ooh la la and earns Velocity Frequent Flyer Status Credits that can help you earn Silver Membership and beyond. These memberships come with extra perks like priority check-in and additional Virgin Australia Domestic Lounge passes.

I’ll break down each feature to give you a full picture, starting with the bonus Velocity Points for new Amex cardholders and then moving on to the bevy of travel benefits.

Limited-time bonus points: You can earn 60,000 bonus Velocity Points when you apply online and are approved, and spend $3000 on eligible purchases within the first 3 months. The offer ends 21 January 2025 and is available for new Amex cardholders. There are terms and condition that apply.

Travel benefits*

Used well, the travel features on this card can be very helpful, especially if Virgin Australia is your airline of choice. Here’s a summary of each one.

Complimentary domestic return flight

Each year, you’ll get a complimentary return domestic flight with Virgin Australia between selected Australian cities. The complimentary flight is unlocked after your first card spend in the first year, and then after your first card spend each year after the anniversary of your card renewal. Just note flights are subject to availability.

Travel insurance

You may be eligible for complimentary domestic and international travel insurance. The insurance includes cover for flight delays, missed connections and delayed luggage. Terms, conditions and exclusions apply (such as maximum age limits, pre-existing medical conditions and cover limits).

VA Lounge Access

Every time you fly Virgin Australia domestically, you can access Virgin Australia lounges at select airports. This is a great perk since most credit card lounge passes are limited to 2 per year. Note this is only for the primary cardholder, and you need to enrol in the VA Lounge Access benefit first.

Guest Lounge Passes

You’ll get 2 complimentary Virgin Australia Guest Lounge Passes to use each year for a travel buddy flying with you on a domestic Virgin Australia flight.

Up to 100 Velocity Frequent Flyer Status Credits each year

You can earn up to 100 Velocity Frequent Flyer Status Credits when you spend $50,000 on eligible purchases on your card each membership year (50 Status Credits for $25,000 spent, then another 50 Status Credits for a further $25,000 spent in the same year, before the next card renewal).

Velocity Frequent Flyer Status Credits unlock different tiers of travel perks like priority check-in, bonus points on select purchases, and complimentary extra baggage. You’ll also earn Status Credits on eligible flights with Virgin Australia and partnering airlines, and you can pool credits with family members.

⚡ Status Credits tip: You can earn a Status Credit every time you spend $100 at Coles, Coles Online, Liquorland, and First Choice Liquor Market when you link your Flybuys and Velocity accounts (up to 10 per month). More info and terms and conditions can be found on the Velocity Frequent Flyer website.

Earning and redeeming points*

The Amex Velocity Platinum Card earns Velocity Points at the following rates:

2.25 Velocity Points per $1 spent on eligible purchases within Virgin Australia
1.25 Velocity Points per $1 spent on everyday purchases
0.5 Velocity Points per $1 spent on purchases at government bodies in Australia

Other extras and benefits*

Card insurance. You’ll get peace of mind with Card Purchase Cover, which covers stolen or damaged eligible items within 90 days of purchase, and Card Refund Cover if you’re having trouble getting a refund on an item.

Complimentary additional cardholders. You can add up to 4 additional cardholders over 16 years old at no extra cost. Eligible purchases made by additional cardholders earn points at the same rate as the primary cardholder.

Plan It Instalments. Plan It Instalments lets you nominate an eligible transaction or a portion of your card balance over $100 to pay off in equal monthly instalments. A fixed monthly plan fee applies.

What’s not so great?

First up, this card does have a very high interest rate of 23.99% p.a. You'll get 55 days interest free, which is the best way to maximise the great features.

Next, the bonus points offer is available for new Amex cardholders only. If you have previously held any Amex card in the past 18 months you can still apply for the card, but you won’t get the 60k welcome bonus points.

Who suits the American Express Velocity Platinum Card?

There are many things to consider when you're choosing a credit card, so always make sure to read the terms and conditions and the TMD to check the card suits you before you apply.

This is a card with benefits for travelers. It directly earns Velocity Points, with bonus Velocity Frequent Flyer Status Credits as well. It's up to you to decide if it's a good fit for your travel style.

Sources:
American Express Velocity Platinum Card information PDF
*American Express Velocity Platinum Card Benefits terms and conditions
American Express Velocity Platinum Card TMD

American Express Velocity Platinum Credit Card ( based on 4 Creditcard.com.au user reviews )

81%

Rates

65%

Fees

92%

Rewards

90%

Customer Service

82%

Value

82%

75% of users who have rated this card would recommend it

82%

overall user rating (4 reviews )

75% of users who have rated this card would recommend it

GRLpGpAG

15 May 2023

75%

Creditcard.com.au Visitor

28 January 2013

Choose this one for 0% purchases for first 6 months and 30,000 bonus points. You get a free flight each year, access to the Virgin Lounge, some really good insurances for shopping and travelling. You can also earn points quickly on travel and on things you buy on the card everyday.

amac

17 April 2024

Hi I have a Corporate Amex can I still apply for the American Express Velocity Platinum offer? Im also interested in what qualifies as Eligible purchases -$3000? thanks A

Pauline

6 May 2024

Hi A, If you have a Corporate Amex, you can still apply for the American Express Velocity Platinum offer. When it comes to eligible purchases though, card issuers like American Express don't usually have a published list. Generally, eligible purchases include everyday retail transactions like buying groceries, filling up your car, dining out, and similar expenses.

Deborah

10 April 2024

Hi is paying for an international cruise an eligible transaction - just checking as looking at the Amex Express Velocity Card and it mentions that international conversion is not eligible. Thanks Looking for best rewards as a Velocity member

18 April 2024

Hi Deborah! An international cruise sounds amazing! The terms say “fees and charges for traveller’s cheques and foreign currencies” are ineligible for points, which is referring to currency conversion fees and other costs of exchanging foreign currency. It doesn’t specify that overseas transactions are ineligible, but does say you’ll earn points per Australian dollar (after conversion). To double check you can call Amex directly. Thanks Deborah!

Dimitria

17 March 2024

Hi, what are the details of the Travel Insurance terms and conditions for the American Express Velocity Platinum Credit Card? Thanks

20 March 2024

Hi Dimitria, you can find details of the American Express Velocity Platinum card on their credit card insurance PDS here. You can find information about the T&Cs, benefits, eligibility of coverage, and some general exclusions.

Janette

29 January 2024

Hi, wondering what is the card limit ie $15,000???

31 January 2024

Hi Janette, the minimum credit limit you can be approved for the American Express Velocity Platinum card is $3,000. The credit card application is subject to Amex’s review and approval, and the approved credit limit depends on factors such as your credit history, annual income, assets, liabilities and many other factors that Amex assesses.

Iggy

21 March 2023

Hi, Can the American Express Velocity Platinum Credit Card be canceled any time? Is there a fee in doing so?

22 March 2023

Hi Iggy, I’m just going to reply to your 3 comments with this one for clarity. So, yes, you can request to close any of your credit card accounts at any time. However, please keep in mind that you must settle any outstanding balance (including fees and interest) on the account before it can be fully closed.

Solène Pincé

25 February 2023

Hello Pauline, I’ve been reading on credit cards a lot lately. I’m already using Flybuys for Velocity Points. And travels each year to France and several times a year domestically. I’m after a credit card for maximum travel points that I could also use overseas. It doesn’t seems to have one that does frequent travel program and 0% international fee. Should I sign up for two different cards? One for australia for frequent flyer and one for international travel? Thank you in advance for your help.

27 February 2023

Hi there Solene, Using flybuys to earn Velocity Points is a great way to boost your points balance, so well done on that 👏! Credit providers usually offer 0% FX fees or rewards points with their credit cards. There are some cards that offer an increased point per dollar earning on international spend, but they’re few and far between. Browse a range of no foreign transaction fee credit cards and our Velocity Points credit cards, read the reviews to learn more and utilise our “save card” functionality to compare them side by side. Keep an eye out for any extras with the cards such as complimentary travel insurance, lounge passes and bonus point offers. Happy travels!

Fordy

31 January 2023

As a Velocity member through NAB which is no longer offered, can i change to the AMEX Velocity Platinum and still receive the bonus points?

1 February 2023

Hi Fordy, as long as you haven’t held an Amex in the last 18 months or currently don’t have an Amex, the bonus points will be in play (provided you meet the spend and eligibility criteria).

Marcy

15 November 2022

Currently I have the red Amex velocity cc, if I apply for this card do I still get all the rewards/benefits? Thanks

16 November 2022

Hi Marcy, it’s indicated in American Express’ terms that the offer is currently available to new American Express card members only.

Peter Rogers

3 May 2022

Hi, what cities can the complimentary Virgin flights be used between,? We live in Melb, so Melbourne to ??? Thank you Peter

5 May 2022

Hi Peter, Amex has an interactive map where you can check out your destinations. in your cities. It looks like you can go all the way up to the Sunshine Coast, as west as Adelaide, and the entire east coast even down to Hobart.

Michael Perry

12 March 2022

i am just short of the earning criteria can i still apply or add my spouses earning too

14 March 2022

Hi Michael, Amex sets out pretty stringent criteria for their credit cards. If you don’t meet them it wouldn’t be worth applying, as you’ll probably be knocked back and end up with a negative mark on your credit file. There are a range of velocity points earning credit cards on the market, and while the Amex Velocity Platinum is a powerful card, it definitely pays to compare what else is out there.

Garry Hanstead

22 January 2021

Roland, can you advise what, if any, benefit/renumeration you are receiving from the companies whosecards you are recommending?

Roland

25 January 2021

Hi Garry, the business has recently passed out of my hands. So at this time I receive no remuneration. Bottom line, what is your question and I will assist as best I can?

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You could earn

American Express Velocity Platinum Credit Card

Overall Rating

What I love about the American Express Velocity Platinum Card and the card benefits*

Travel benefits*

Complimentary domestic return flight

Travel insurance

VA Lounge Access

Guest Lounge Passes

Up to 100 Velocity Frequent Flyer Status Credits each year

Earning and redeeming points*

Other extras and benefits*

What’s not so great?

Who suits the American Express Velocity Platinum Card?

Rates

Fees

Rewards

Customer Service

Value

75% of users who have rated this card would recommend it

75% of users who have rated this card would recommend it

GRLpGpAG

Creditcard.com.au Visitor

American Express Velocity Platinum Credit Card

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