The American Express Velocity Platinum Card

$440 first year annual fee

60,000 points

1.25 points per dollar

Spend $3,000 in 90 days

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.

Summary

Premium

Key Highlights

• 60,000 bonus points
• $440 annual fee
• 1.25x points per $1

Notes

Offer Details

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

18 days 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

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.

Expert Analysis

Bonus Difficulty

Easy

●○○

$33 per day required

First Year Cost

$440

annual fee

Estimated Bonus Value

$781

Based on 1.9¢ 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

RWRDS Insight

This analysis is generated using RWRDS algorithms based on current market data, bonus structures, and fee schedules. Values are estimates and actual results may vary. Consider your spending patterns and reward preferences when evaluating offers.

I'd like to use my 63,750 bonus points for:

Supermarket Gift Cards Virgin Australia Singapore Airlines

41,129 Krisflyer miles

0.81 miles per dollar

Points transfer 1.55 Velocity points 1 Krisflyer miles

History

05/05/2025

4 changes

Successfully Scraped At:

29/08/2025

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:

30/04/202512/08/2025

Bonus:

100,00060,000

10/02/2025

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:

21/01/202530/04/2025

Interest Rate:

2123.99

Bonus:

60,000100,000

08/11/2024

5 changes

Expiration Date:

21/01/2025

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 expiration
a year 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.
a year ago
Expiration changed from no expiration to 15/05/24, Bonus from 60K to 100K
2 years ago
Bonus lowered from 75k to 60k
2 years ago
Bonus increased from "60000" to "75000"
2 years ago
Lowered bonus points to 60,000
2 years ago