American Express Velocity Platinum Credit Card
The American Express Velocity Platinum Credit Card offers a range of benefits including Velocity Points earned on eligible purchases, complimentary travel insurance, Virgin Australia lounge invitations.
Updated 8 December 2023
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The American Express Velocity Platinum credit card is one of American Express' Velocity Frequent Flyer products. Featuring a relatively high points earn rate which is uncapped, the card provides American Express's high quality service benefits. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 10% points earn rates, for an average spend of $5,000 per month. Further, the product has a $375 annual fee, including up to 55 interest free days.
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.
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Earn Velocity Points
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1.25points per $1 spent
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$375 annual account fee
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No additional cardholder fee
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Up to 4 additional cardholders
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3.00% international transaction fee
Other fees may apply.
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23.99% p.a. variable purchase rate
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Up to 55 interest free days on purchases
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Domestic and International Travel Insurance
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Transport Accident Cover
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Purchase Protection Cover
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Refund Protection Cover
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2 x Virgin Australia lounge invitations each year
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Before applying for this product, you should read the Target Market Determination (TMD) available here on the American Express website.