American Express are offering holders of the American Express Velocity Platinum Card an opportunity to earn 100 Status Credits every year. Under the new ongoing offer, cardholders that spend $50,000 in a membership year will earn themselves 100 Velocity Status Credits.
American Express are also offering a sign up bonus of 50,000 Velocity Points.
Sign Up Bonus
In order to be in line for the 50,000 points, you will need to meet a few conditions:
- Not held a directly issues Amerian Express card in the last 18 months. Having held an American Express companion card issued by one of the big four banks does not prevent you from taking part in this offer.
- Be approved, and
- Achieve eligible spend totalling at least $3,000 in the first three months
American Express Velocity Platinum card details
The American Express Velocity Platinum card is available to approved individuals that have incomes of more than $65,000 per annum. It does come with a rather hefty price tag, commanding a $375 annual fee.
Fortunately, the annual fee is largely offset by the inclusions that come with the card. First up, it provides a free return domestic Virgin Australia flight once a year.
On top of that, it comes with two free entry passes each year to Virgin Australia’s domestic lounges. In addition, a further two free visits to the American Express lounge at either Sydney or Melbourne Airport when flying overseas is available.
On the points earning front, the card offers
- 1.5 Velocity Points per $1 spent, except government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent
- 1 additional Velocity Point per $1 spent with Virgin Australia
Card feature Summary
|Card Name||American Express Velocity Platinum Card|
|Interest Rate||20.74% p.a. interest rate on purchases|
|Interest Free Period||Up to 55 days|
|Loyalty program||Velocity Frequent Flyer|
|Points earn rate(Cap/Tier)||Uncapped|
|Foreign Transaction Fee||3%|
|Additional Card Fee||$0|
Further information is available on the American Express website.