American Express - American Express Velocity Business Card
The American Express Velocity Business Card has a 120,000 bonus points when $3,000 is spent on the card within the first 2 months. This card also earns points at a rate of 2 points per $1 spent on virgin Australia services and 1 point per $1 on everyday purchases.
There is a $99 additional cardholder fee capped at 99 additional cardholders. This is a charge card and unlike credit cards, there isn't a pre-set spending limit. With this card, you will have up to 51 days to repay any purchases made.
An annual fee of $249.
Annual Fee
$249 per year
Interest Free Period
up to 51 days
Rewards Rate One
2 point(s) per AUD$1 On virgin Australia services
Rewards Rate Two
1 point(s) per AUD$1 On everyday purchases
Details
Card Type
American Express
Minimum Repayment
2.50% or $30
per statement, whichever is greater
Interest Free Period
up to 51
days
Fees
Annual Fee
$249
per year
Late Payment Fee
$30
per statement
Cash Advance Fee
2% or $2.50
per transaction, whichever is greater
Additional Card Holder Fee
$99
per year
Additional Card Holder Cap
up to 99
additional holders
Overseas Spending
Foreign Currency Conversion Fee
3%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
No
Rewards
Program
Velocity Frequent Flyer
Types
Business-class flights, Flight upgrades, Hotel stays, and Car rental for employees
Bonus
120,000 bonus points
Reward Rates
Rewards Rate One
2 point(s) per AUD$1
On virgin Australia services
Rewards Rate Two
1 point(s) per AUD$1
On everyday purchases
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
Yes
Who is the product designed for?
Visit American Express to view Target Market Determination
Visit American Express to view Target Market Determination Effective From: 2021-10-05.
