Image of The American Express Velocity Platinum Card Targeted Offer credit card

The American Express Velocity Platinum Card Targeted Offer

$440 first year annual fee
60,000 points
1.25 points per dollar
Spend $3,000 in 90 days

Offer Details

PremiumOffer Ended

Signup Bonus

60,000 points

Velocity

Minimum Spend

$3,000

within 3 months

Cash Bonus

$385Complimentary Annual Domestic Return Flight (Average Price $385)

Offer Expires

August 12, 2025

10 months ago

Ongoing Earn Rate

1.25x points per $1 spent

Fees

First Year Annual Fee

$440

Ongoing Annual Fee

$440

From year 2 onwards

Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.

Benefits

  • Travel Credits
    More details

    Complimentary annual Virgin Australia return economy domestic flight between selected cities after first Card spend each anniversary year.

  • Lounge Access
    Virgin Australia Lounge
    More details

    Virgin Australia Lounge access at select domestic airports every time you fly Virgin Australia domestically; enrolment in the VA Lounge Access benefit required, plus 2 complimentary Virgin Australia Guest Lounge Passes each Membership year

  • Flight Discounts
    More details

    Complimentary annual Virgin Australia return economy domestic flight between selected cities each anniversary year

  • Travel Insurance
    More details

    Complimentary domestic and international travel insurance for the cardholder, partner and dependent children when the return trip is paid for on the Card; covers medical emergency expenses, public transport accident up to $400,000, trip cancellation/amendment up to $12,500, baggage/money/documents up to $10,000, travel inconvenience and COVID-19 cover; sub-limits, terms and exclusions apply

  • Purchase Protection Insurance
    More details

    Card Purchase Cover for eligible stolen or damaged items purchased with the Card; Card Refund Cover for recent unused purchases when a store refuses a return

  • Status Credits
    More details

    Up to 100 bonus Velocity Status Credits per Membership year: 50 when you spend $25,000 on eligible purchases and a further 50 when you spend another $25,000 in the same Membership year

  • Points Transfer Benefits
    More details

    Earn Velocity Points on Card spend (2.25 per $1 within Virgin Australia, 1.25 per $1 on Card purchases except Australian government bodies, 0.5 per $1 at Australian government bodies) with uncapped points earning

  • No Additional Cardholder Fee
    More details

    Up to 4 Additional Cards for family members or friends at no extra fee; all points earned credited to your Account

  • Installment Plans
    More details

    Plan It lets you pay off eligible transactions over $100 or a portion of your balance in equal monthly instalments over 3, 6 or 12 month terms with no interest and a fixed monthly fee

  • Interest Free Periods
    More details

    Up to 55 interest-free days on purchases

  • Digital Wallet Integration
    More details

    Compatible with Apple Pay, Samsung Pay and Google Pay

Benefit history

  • No Additional Cardholder FeeUpdated May 2026
  • Digital Wallet IntegrationUpdated May 2026
  • Installment PlansUpdated May 2026
  • Purchase Protection InsuranceUpdated May 2026
  • Travel InsuranceUpdated May 2026
  • Status CreditsUpdated May 2026
  • Lounge AccessUpdated May 2026
CraigCraig's Analysis
+60,000sign-up bonus
+3,750from $3,000 spend
=63,750Velocity points
×1.7¢per point
=$1,084point value
+$385cashback
$440first-year fees
=$1,029est. first-year value

Bonus Difficulty

Easy

●○○

$33 per day required

First Year Cost

$440

annual fee

Estimated Bonus Value

$1020

Based on 1.7000000000000002¢ per Velocity point

Earn Rate

Excellent

●●●●

1.25x Velocity points per $1

Travel Benefits

Lounge Access

Virgin Australia Lounge Access

Did this help you make a decision?

$195 of profit after meeting spend requirements
+ $250 Coles gift cards
+ $385 complimentary annual domestic return flight (average price $385) extra bonus
- $440
annual fee

$100
x 2
$50
x 1
in Coles gift cards, $250 total, with 10,160 points remaining.

Can I get this bonus if I've had a card from American Express before?

You generally need to wait 18 months after your last American Express sign-up bonus before you can earn this one.

See exclusion periods for every Australian issuer →

Craig

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— Craig