The American Express Velocity Platinum Card
$440 first year annual fee
70,000 points
1.25 points per dollar
Spend $5,000 in 90 days
Offer Details
Premium
First Year Points
70,000 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.
I'd like to use my bonus for:
Craig's Analysis70,000 bonus + 6,250 from $5,000 spend
76,250 Velocity pts × 1.7¢/pt = $1,296
+ $385 cashback
− $440 first year fees
Est. profit $1,241
Bonus Difficulty
Moderate
●●○$56 per day required
First Year Cost
$440
annual fee
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
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Enjoy a complimentary annual Virgin Australia return economy domestic flight between selected cities after your first Card spend each anniversary year. Receive 100 Velocity Frequent Flyer Status Credits when you spend at least $50,000 on eligible purchases in your Card Membership year.
History
7 Feb 2026
0 changes
2 Feb 2026
4 changes
Expiration Date:
30 Apr 2026
Bonus:
60,00070,000
Second Year Bonus:
030,000
Spend For Bonus:
3,0005,000
1 Nov 2025
3 changes
Expiration Date:
14 Oct 2025
Bonus:
100,00060,000
Spend For Bonus:
5,0003,000
23 Sep 2025
3 changes
Expiration Date:
12 Aug 202514 Oct 2025
Bonus:
60,000100,000
Spend For Bonus:
3,0005,000
5 May 2025
3 changes
Lounge Pass:
Your American Express Velocity Platinum Card gives you access to Virgin Australi...Virgin Australia Lounge Access every time you fly domestically with Virgin Austr...
Expiration Date:
30 Apr 202512 Aug 2025
Bonus:
100,00060,000
10 Feb 2025
4 changes
Lounge Pass:
Enjoy 2 complimentary Virgin Australia lounge passes each anniversary year at se...Your American Express Velocity Platinum Card gives you access to Virgin Australi...
Expiration Date:
21 Jan 202530 Apr 2025
Interest Rate:
21.0023.99
Bonus:
60,000100,000
8 Nov 2024
5 changes
Expiration Date:
21 Jan 2025
Annual Fee:
$375$440
Second Year Annual Fee:
$375$440
Bonus Cash:
$385
Bonus Cash Description:
Complimentary Annual Domestic Return Flight (Average Price $385)
- Expiration changed from 26/06/24 to no expiration2 years ago
- Expiration changed from 15/05/24 to 26/06/24, Bonus from 100K to 60K, Second Year Bonus from NaN to 0, Notes from Includes Complimentary Virgin Australia return Economy domestic flight between selected cities each year after your first Card spend each anniversary year to Enjoy a complimentary annual Virgin Australia return economy domestic flight between selected cities after your first Card spend each anniversary year. Receive 100 Velocity Frequent Flyer Status Credits when you spend at least $50,000 on eligible purchases in your Card Membership year.2 years ago
- Expiration changed from no expiration to 15/05/24, Bonus from 60K to 100K2 years ago
- Bonus lowered from 75k to 60k2 years ago
- Bonus increased from "60000" to "75000"3 years ago
- Lowered bonus points to 60,0003 years ago
