The American Express Velocity Platinum Card
Offer Details
Signup Bonus
50,000 points
Velocity
Minimum Spend
$5,000
within 3 months
Cash Bonus
Offer Expires
April 30, 2026
2 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
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Complimentary annual Virgin Australia return economy domestic flight between selected cities after first Card spend each anniversary year.
- Lounge AccessVirgin Australia Lounge
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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
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Complimentary annual Virgin Australia return economy domestic flight between selected cities each anniversary year
- Travel Insurance
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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
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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
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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
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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
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Up to 4 Additional Cards for family members or friends at no extra fee; all points earned credited to your Account
- Installment Plans
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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
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Up to 55 interest-free days on purchases
- Digital Wallet Integration
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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
I'd like to use my bonus for:
Craig's AnalysisBonus 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
Did this help you make a decision?
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 →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.
- 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 60k3 years ago
- Bonus increased from "60000" to "75000"3 years ago
- Lowered bonus points to 60,0003 years ago