The American Express Velocity Escape credit card is an entry level Velocity point-earning card. It comes with no annual fee, no points cap, and offers an extra point per $1 on spend with Virgin Australia
While it is an entry level product, it is one that is worth considering.
Points are earned directly in the Velocity Frequent Flyer program. The earning structure is
- 0.75 Velocity Point per dollar on eligible purchases, except for spend at government bodies in Australia
- 0.5 Velocity Points per dollar at government bodies in Australia
- An additional 1.0 Velocity Point per dollar on Selected Virgin Australia spend
The card has no caps or tier levels. Unlike some cards, you do not need to worry about going over some monthly spend and seeing your earnings cut.
As noted, The American Express Velocity Escape credit card is entry level, and as such, it comes with few additional perks over its point earning potential. The protections included with the card are purchase protection and refund protection cover.
This is a feature designed to protect you if your new items are stolen or damaged. Refund Protection is also available should a store refuse to accept the return of a recent, unused purchase
Under the refund protection cover, you are covered for the Purchase Price of an unused eligible item if you try to
return it to the retailer within 90 days of the purchase and the retailer will not take it back.
Card feature Summary
|Card Name||The American Express Velocity Escape Card|
|Interest Rate||20.74% p.a. interest rate on purchases|
|Interest Free Period||Up to 55 days|
|Points earn rate(Cap/Tier)||Uncapped|
|Foreign Transaction Fee||3%|
|Additional Card Fee||$0|
The American Express Velocity Escape credit card is an entry level card. For a no annual fee card, it still provides decent points earning power – earn Velocity Points for every $1 spent on Card purchases. The additional point per dollar on Virgin Australia spend is a worthwhile additional perk.
It may be one of the best no annual fee cards for Velocity point earn. It may be good for those who don’t want a heap of benefits with their card and don’t want to stump up for the annual fee.