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American Express Velocity Platinum Card

A frequent flyer credit card offer with 120,000 bonus Velocity Points and 120 Velocity Status Credits if you’re a new card member.

The American Express Velocity Platinum Card gives you a way to earn both 120,000 bonus Velocity Points and 120 bonus Velocity Status Credits when you apply as a new card member, get approved by 24 August 2021, and spend $4,500 in the first 3 months from card approval.

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Product NameAmerican Express Velocity Platinum Card
Rewards programVelocity Frequent Flyer
Purchase rate20.74% p.a.
Annual fee$375
Interest-free periodUp to 55 days on purchases
Min credit limit$3,000
Max credit limit$50,000
Card typeAmerican Express
Foreign currency conversion fee3%
Minimum income$65,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 120,000 bonus Velocity Points and 120 Velocity Status Credits
  • Up to 2.25 points per $1 spent, uncapped
  • Additional cardholder at $0
  • 100 Velocity Frequent Flyer Status Credits when you spend at least $50,000 within the membership year
  • Complimentary Virgin Australia return Economy domestic flight each anniversary year


  • Relatively high annual fee of $375
  • Charges a 3% foreign transaction fee
Rewards programVelocity Frequent Flyer
Bonus points120,000
Rewards points per $ spent1.25
Rewards points capUncapped
Annual fee$375
Minimum monthly repayment2.5% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3%
Additional cardholder fee$0
Number of additional cardholders4

How to apply

If you meet the eligibility requirements and have the key documents and details on hand, you can apply for the American Express Velocity Platinum card online in around 10 minutes.

Eligibility criteria

  • Minimum income. You must have a personal gross (pre-tax) annual income of $65,000 or more.
  • New cardholder. To be eligible for the 120,000 bonus Velocity points and 120 Status Credits offer, you must not hold or have held an American Express credit card in the last 18 months.

Card benefits

  • 120,000 bonus Velocity Points and 120 Status Credits. You'll be rewarded with 120,000 bonus Velocity Points plus 120 Velocity Status Credits when you apply for a new card, are approved by 24 August 2021, and spend $4,500 or more on eligible purchases within the first 3 months from card approval. This offer is available to new card members, as well as bank-issued American Express companion cardholders. The bonus points will be awarded to your account within 8-10 weeks after meeting the spend requirement.
  • Velocity Frequent Flyer Status Credits per year. Receive 100 Velocity Frequent Flyer Status Credits when you spend at least $50,000 on eligible purchases within the membership year. You can use Status Credits to climb the Velocity tiers to enjoy bonus points, lounge passes and travel perks like extra baggage and priority check-in.

Rates & fees

  • Annual fee. This card charges an annual fee of $375.
  • Purchase interest rate. Purchases attract a 20.74% p.a. interest rate.

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

120,000 bonus points offer would give you enough points for two return business class flights between Sydney and Hamilton Island (94,000 points plus fees) or $550 worth of Coles Group & Myer gift cards (109,000 for five $100 and one $50 gift cards). The bonus Status Credits also bring you closer to Silver, Gold or Platinum Velocity Status – 120 Status Credits is just under half of what you need to get Silver (250).

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    Default Gravatar
    August 3, 2019

    Can you get frequent Flyer points paying your tax on American express card

      Avatarfinder Customer Care
      August 8, 2019

      Hi Robert,

      Thanks for contacting Finder.

      Yes, most American Express credit cards offer 0.5 points per $1 for ATO payments, either through a frequent flyer program or through a membership rewards program. You can check our article about credit card earning points for ATO payments for more details.

      Kind Regards,

    Default Gravatar
    July 10, 2019

    I have a David Jones AMEX card. Is the offer of AMEX Velocity Platinum Card with 100000 bonus points available to me?

      Avatarfinder Customer Care
      July 11, 2019

      Hi Helen,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      That’s an interesting question, Helen. You can do a lot of things with 100,000 bonus Velocity Points and it’s great to know more about how to earn them.

      Now regarding your question, I went to Amex’s website and it says this offer, the 100K bonus points, is only available for those new customers. Since you have a card that was issued by Amex, I’m afraid you won’t be eligible for the bonus points.

      Please note that the bonus points are available for people who didn’t or haven’t held any credit card issued by American Express in the previous 18 months.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


    Default Gravatar
    October 29, 2018

    I currently hold the Westpac Altitude Black Bundle (Westpac MC and Amex). Two questions:
    1-Will I be eligible for bonus point from Amex ?
    2-Will I earn Status Credit from the complimentary flight with Virgin ?

      Default Gravatar
      October 29, 2018

      Hi z28,

      Thanks for reaching out!

      1-Will I be eligible for bonus point from Amex?

      Yes, previous and existing Amex companion cardholders are eligible for this offer.

      2-Will I earn Status Credit from the complimentary flight with Virgin?
      Status credits are earned only on purchased flights and not on complimentary flights.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


    Default Gravatar
    October 27, 2018

    I presently have a commonwealth bank issued Amex/ MasterCard combo. If I sign up for the Amex express Velocity Platnum card will I be eligible to earn the 90,000 velocity points ?

      Default Gravatar
      October 27, 2018

      Hi Adrian,

      Thanks for getting in touch.

      As it says on the American Express Velocity page, all existing AMEX members of partner banks are eligible for the 90k bonus offer.
      For more information, you may visit their website. As a friendly reminder, review the eligibility criteria of the card before applying. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the card.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


    Default Gravatar
    September 13, 2018

    My husband previously held AMEX issued card but canceled it on 22 Feb 2017. He is now a secondary cardholder on my AMEX card. If he apply for the AMEX Velocity Platinum by 17 Sept , will he qualify for the 70k Velocity Bpnus points offer?


      Default Gravatar
      September 13, 2018

      Hi Novie,

      Thanks for leaving a question on finder.

      Your husband will not be eligible for this offer. Unfortunately, card members who currently hold or who have previously held any card product issued by American Express Australia Limited in the preceding 18-month period are ineligible for this card’s offer.


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