Image of The American Express Velocity Platinum Card (Velocity Bonus Offer) credit card

The American Express Velocity Platinum Card (Velocity Bonus Offer)

$440 first year annual fee
100,000 points
1.25 points per dollar
Spend $5,000 in 90 days

Offer Details

Premium

First Year Points

100,000 points

Velocity

Second Year Points

30,000 points

With $440 annual fee

Minimum Spend

$5,000

within 3 months

Cash Bonus

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

Offer Expires

April 30, 2026

in 2 months

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
Complimentary annual Virgin Australia return economy domestic flight between selected cities after first Card spend each anniversary year.
Lounge Access
Virgin Australia Lounge Access at select domestic airports every time you fly Virgin Australia domestically; enrolment required; additional 2 Virgin Australia Guest Lounge Passes per Membership year for friends or family.
Status Credits
Up to 100 Bonus Velocity Status Credits awarded annually: 50 Status Credits after $25,000 spend and further 50 after additional $25,000 spend on eligible purchases each Membership year.
Travel Insurance
Complimentary travel insurance covering medical emergency expenses, public transport accident up to $400,000, trip cancellation/amendment up to $12,500, loss or damage to baggage/money/documents up to $10,000, travel inconvenience for flight delays, and COVID-19 related cover when return trip is paid with the Card.
Purchase Protection Insurance
Card Purchase Cover for eligible stolen or damaged items purchased with the Card; Card Refund Cover for recent and unused purchases when a store refuses a return.
Installment Plans
Plan It® feature allows paying off eligible transactions over $100 in equal monthly instalments with 3, 6, or 12 month terms, no interest, and fixed monthly fee.
Digital Wallet Integration
Compatibility with Apple Pay, Samsung Pay, and Google Pay for digital payments.
No Additional Cardholder Fee
Up to 4 Additional Cards for family or friends at no extra fee; points earned on Additional Cards credited to Primary Card Member's account.
CraigCraig's Analysis
100,000 bonus + 6,250 from $5,000 spend
106,250 Velocity pts × 1.7¢/pt = $1,806
+ $385 cashback
− $440 first year fees
Est. profit $1,751

Bonus Difficulty

Moderate

●●○

$56 per day required

First Year Cost

$440

annual fee

Estimated Bonus Value

$1700

Based on 1.7000000000000002¢ per Velocity point

Earn Rate

Excellent

●●●●

1.25x Velocity points per $1

Travel Benefits

Lounge Access

Virgin Australia Lounge Access every time you fly domestically with Virgin Australia plus 2 Virgin Australia Guest Lounge Passes each year

Did this help you make a decision?

$395 of profit after meeting spend requirements
+ $450 Coles gift cards
+ $385 complimentary annual domestic return flight (average price $385) extra bonus
- $440
annual fee

$100
x 4
$50
x 1
in Coles gift cards, $450 total, with 9,734 points remaining.

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