The American Express Velocity Platinum is has one of the highest Velocity Point earn rates on the market, giving you up to 2.25 Velocity Points per $1 spent. It's also one of the only cards that gives you bonus Status Credits when you meet an annual spend requirement. But as the $375 annual fee is at the higher end of the scale for frequent flyer cards, make sure you’ll get enough value from the points and perks to justify the costs.
American Express Velocity Platinum Card

- Bonus points
- 60,000
- Purchase rate
- 23.99% p.a.
- Reward points per $ spent
- 1.25
- Annual fee
- $375 p.a.
Our verdict
Offers 60,000 bonus Velocity Points and a complimentary return domestic flight each year, with a $375 annual fee.
Pros
-
60,000 bonus Velocity Points offer
-
Up to 2.25 points per $1 spent, uncapped
-
100 Velocity Status Credits when you spend at least $50,000 in your first year
-
Complimentary Virgin Australia return economy domestic flight per year
Cons
-
Relatively high $375 annual fee
-
3% foreign transaction fee
-
The 23.99% p.a. interest rate for purchases is high among credit cards in Australia
Details
Product details
Product Name | American Express Velocity Platinum Card |
Purchase rate p.a. | 23.99% |
Interest-free period | Up to 55 days on purchases |
Min credit limit | $3,000 |
Card type | American Express |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Minimum income | $65,000 |
Joint application | No |
Rewards
Rewards program | Velocity Frequent Flyer |
Bonus points | 60,000 |
Rewards points per $ spent | 1.25 |
Rewards points cap | Uncapped |
Fees
Annual fee | $375 |
Minimum monthly repayment | 2.5% of the closing balance or $30, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | 3% |
Additional cardholder fee | $0 |
Number of additional cardholders | 4 |
Your reviews

Amy Finder
Editor
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Amy Bradney-George Finder
November 12, 2023
Hi Grant,
There is no maximum dollar value for the complimentary domestic economy Virgin Australia return flight. But keep in mind that the return flight is only available between selected Australian cities, and there may be limited seat availability. If you want some examples of flights, you could visit americanexpress.com/australia/campaigns/velocityplatinumflightmap (the web address provided in the terms and conditions). You can also view the terms and conditions on the American Express website for full details. I hope this helps.
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Darryl Donaldson
June 05, 2023
I’m Amex Velocity Plantinum card holder and going overseas.
I intend loading up my card with credit and withdrawing funds from ATMs as needed.
This attracts 3% Currency Conversion fee and. Local ATM Operator fee of $4.
Is there an International ATM fee as well?
If so, how much.
Darryl
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Amy Bradney-George Finder
June 09, 2023
Hi Darryl,
Thanks for your question. ATM withdrawals are typically considered cash advances, which are not offered on this card according to the Key Facts Sheet (pdf dated 3 May 2023). If you have further questions about your account, you can contact American Express by logging into the app or your online account. Alternatively, you can call Amex using the number on the back of your card. I hope that helps.
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Anton
May 26, 2023
I’m 82 years old, my credit score = 879, can I apply for American Express
Velocity Platinum Credit Card?
Anton

Amy Bradney-George Finder
May 26, 2023
Hi Anton,
There is no maximum age limit to apply for the American Express Velocity Platinum Credit Card, but you will need to meet the eligibility requirements. You also need to show details of expenses, debts and income, including proof of income according to the American Express application page for this card. If you have more questions about eligibility or want to discuss your situation, you can contact American Express on 1300 557 743. I hope that helps.
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robert
August 03, 2019
Can you get frequent Flyer points paying your tax on American express card
Faye Manuel Finder
August 07, 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,
Faye
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Helen
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?
Joshua Finder
July 10, 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!
Cheers,
Joshua
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Grant
November 07, 2023
Hello, is the Domestic Return Flight only up to the value of the card’s annual fee ($375), or is it absolutely any one-stop Domestic Flight? Thank you.