American Express Velocity Escape Credit Card

The American Express Velocity Escape Credit Card offers a range of benefits including Velocity Points earned on everyday purchases, no annual fee.


Updated 18 May 2022

Expert Review

The American Express Velocity Escape credit card is one of American Express' products. Featuring a competitive points earn rate which is uncapped, the card provides American Express's high quality service benefits. Further, the product has no annual fee, including up to 55 interest free days. Of the 200+ credit cards reviewed by Stay or Go, this card is one of only a limited number that offer an ongoing $0 Annual Fee.

Considering its key features, this card is most suitable to someone who wishes to be rewarded for their spend. Other benefits include no additional cardholder fees. Please note, that commonly in the Australian market, acceptance of American Express cards for payment in comparison to Visa and Mastercard isn’t as broad. Also, there is a greater level of merchant surcharging on American Express cards in comparison to Visa and Mastercard, noting that Visa and Mastercard can also attract surcharging by some merchants.

Product Details
Escape with no annual fee."
- American Express
Rewards

Earn Velocity Points

0.75points per $1 spent

Fees
Account Fees

$0 annual account fee

Additional Cardholder Fees

No additional cardholder fee

Up to 4 additional cardholders

Transaction Fees

3.00% international transaction fee

Other fees may apply.

Rates

20.74% p.a. purchase rate

Up to 55 interest fee days on purchases

Features
Insurance

Purchase Protection Cover

Refund Protection Cover

Offers
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TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the American Express website.

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Alternative Credit Cards
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^ Credit card reward programs can be difficult to compare due to tiered and capped points earn rate structures. To simplify comparison, we estimate the number of points you could earn per $1 spent, assuming $5,000 of spend on eligible purchases each month.
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