amex velocity comparison

American Express Velocity Rewards Credit Card Comparison

Discover how you can earn Velocity rewards for your spending and get premium features with an American Express credit card.

American Express offers a range of Velocity Frequent Flyer credit cards, including no annual fee, platinum and business options. Here, we look at how you can get up to 2.25 Velocity Points for every $1 spent as well as other ways to rack up Velocity points with an Amex card. We also outline the key factors to consider so that you can decide if an American Express Velocity rewards credit card is right for you.

Which American Express credit cards earn Velocity frequent flyer points?

American Express has three cards that are directly linked to the Velocity rewards program:

  • American Express Velocity Escape. The American Express Velocity Escape is a no annual fee Velocity Frequent Flyer credit card with up to 55 interest-free days on purchases. It offers 1.75 points per $1 spent with Virgin Australia and 0.75 point per $1 spent on all other purchases.
  • American Express Velocity Platinum. This card offers additional 1 Velocity Point per $1 spent at restaurants in Australia and Virgin Australia, 1.25 points per $1 for overseas purchases, and 1.25 point per $1 spent on other purchases. It also offers 0.5 points per $1 spent in utilities, telecommunication companies and includes a complimentary return domestic flight offer and lounge passes.
  • American Express Velocity Business. Eligible business purchases using the American Express Velocity Business card are rewarded with 2 points per $1 spent with Virgin Australia, 1 point per $1 spent on purchases and 0.5 points per $1 spent on government bodies. You also get two complementary single-entry passes to the Virgin Australia lounge each year you have the account.

American Express Credit Cards Comparison

Rates last updated August 24th, 2019
Name Product Bonus Points Rewards Points per $ spent (AMEX) Balance transfer rate Annual fee Product Description
Qantas American Express Discovery Card - Exclusive Offer
10,000 bonus points
0.75
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Finder Exclusive:
Earn 10,000 bonus Qantas Points when you apply before 17 September 2019 and spend at least $750 within the first 3 months of card approval.
American Express Velocity Escape Card
0.75
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Earn uncapped Velocity Points on purchases and save with a $0 annual fee for life and a 0% p.a. for 12 months balance transfer offer.
American Express Velocity Platinum Card
50,000 bonus points
1.25
0% p.a. for 12 months with 1% balance transfer fee
$375 p.a.
Get 50,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
American Express Qantas Business Rewards Card
120,000 bonus points
1.25
$450 p.a.
Get 120,000 bonus Qantas Points, 3x points on eligible Qantas flights and 2 yearly lounge passes. ABN required.
American Express Explorer Credit Card
50,000 bonus points
2
0% p.a. for 12 months with 1% balance transfer fee
$395 p.a.
Get 50,000 bonus points when you spend $3,000 in the first 3 months, a yearly $400 Travel Credit and 2 entries per year to the Amex Lounge.
American Express Westpac Altitude Platinum Bundle - Qantas
75,000 bonus points
1
$249 p.a.
Up to 75,000 bonus Qantas Points when you meet the criteria with this dual Mastercard (issued by Westpac) & Amex (issued by Amex).
Qantas American Express Ultimate Card
55,000 bonus points
1.25
0% p.a. for 12 months with 1% balance transfer fee
$450 p.a.
Get 55,000 bonus Qantas Points. Plus, a $450 Qantas Travel Credit and 2 complimentary Qantas Club lounge invitations per year.
American Express Business Explorer Credit Card
100,000 bonus points
2
$395 p.a.
Get 100,000 bonus Membership Rewards points when you meet the spend criteria. Plus, 2 yearly lounge passes on this business card.
American Express Westpac Altitude Platinum Bundle
75,000 bonus points
2
$199 p.a.
Collect up to 75,000 bonus Altitude Points when you meet T&Cs with Mastercard (issued by Westpac) & Amex (issued by Amex).
David Jones American Express Platinum Card
75,000 bonus points
1
$295 p.a.
Partner Offer ends 28 August 2019:
For DJ's shoppers and Qantas travellers, get 75,000 bonus Membership Rewards points or 37,500 Qantas Points on eligible spend.
David Jones American Express Card
45,000 bonus points
1
$99 p.a.
Partner Offer ends 28 August 2019:
Not just for David Jones shoppers, receive 45,000 bonus Membership Rewards points or 22,500 Qantas Points on eligible spend.
American Express Velocity Business Card
1
$249 p.a.
A business charge card offering Velocity Points per $1 spent, data that feeds into MYOB and up to 51 days interest-free on purchases
American Express Platinum Edge Credit Card
1
0% p.a. for 12 months with 1% balance transfer fee
$195 p.a.
Receive a yearly $200 Travel Credit and complimentary domestic and international travel insurance, plus 0% p.a. for 12 months on balance transfers.
Qantas American Express Premium Card
30,000 bonus points
1
0% p.a. for 12 months with 1% balance transfer fee
$249 p.a.
Enjoy 30,000 bonus Qantas Points, 2 complimentary Qantas Club lounge invitations per year and the protection of complimentary insurance covers.
American Express Westpac Altitude Black Bundle - Qantas
120,000 bonus points
1.25
$499 p.a.
Up to 120,000 bonus Qantas Points with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex). T&Cs apply.
American Express Westpac Altitude Black Bundle
120,000 bonus points
3
$449 p.a.
Up to 120,000 bonus Altitude Points with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex). T&Cs apply.
American Express Platinum Card
150,000 bonus points
2.25
$1,450 p.a.
Get up to 150,000 bonus points, a $450 annual Platinum Travel Credit, dedicated personal service and luxury travel perks.Ends 28 August 2019.
American Express Business Card
1.5
$109 p.a.
Up to 1.5 Membership Rewards point per $1 spent and extended cashflow with up to 51 interest-free days on purchases with this business card.
American Express Gold Business Card
1.5
$169 p.a.
This business charge card features no pre-set spending limit, data that feeds to MYOB and up to 51 days interest-free on purchases.
American Express Platinum Business Card
150,000 bonus points
2.25
$1,750 p.a.
Get 150,000 Membership Rewards points, luxury travel perks and up to 2.25 points per $1 spent on eligible business purchases. ABN holders only.
American Express Westpac Altitude Black Bundle - Velocity
120,000 bonus points
1.25
$499 p.a.
Up to 120,000 bonus Velocity Points with Mastercard (issued by Westpac) & Amex (issued & serviced by Amex). T&Cs apply.
American Express Westpac Altitude Platinum Bundle - Velocity
75,000 bonus points
1
$249 p.a.
Earn up to 75,000 bonus Velocity Points when you meet the criteria with this dual Mastercard (issued by Westpac) & Amex (issued by Amex).
American Express Essential Credit Card
1.25
0% p.a. for 12 months with 3% balance transfer fee
$0 p.a.
Get Smartphone Screen Insurance of up to $500 when you pay for your phone or contract with this card. Plus, a $0 annual fee for life.
American Express Qantas Corporate Green Card
1.5
$70 p.a.
Receive a discounted Qantas Club membership, entertainment invites, Sydney airport services and insurance coverage for personal trips.
American Express Low Rate Credit Card
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Get up to 55 days interest-free on purchases, a 0% p.a. for 12 months balance transfer offer, a $0 annual fee for life and global card support.

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Other options for earning Velocity points with an American Express credit card

If you have an American Express credit card enrolled in the Membership Rewards program, you also have the option of transferring rewards points to your Velocity Frequent Flyer account at a rate of 2:1 (for Business Ascent members the rate is 1.5:1). This option could give you more flexibility if you want to redeem other rewards, or if you are a member of several frequent flyer programs. It also allows you to consider a wider range of Amex cards to boost your Velocity points.

You can manually transfer points by logging into your Membership Rewards account and entering your Velocity member details. You can transfer a minimum of 2,000 points at a time and a transfer will take up to 3 business days.

There are also eight other airline loyalty programs to which you can transfer your points, including KrisFlyer, Emirates Skyward, Etihad Guest and Asia Miles. Other redemption options include merchandise and gifts such as televisions, electronics or purchases with David Jones and Ticketmaster.

Factors to consider

These factors should help inform your comparison of Velocity and American Express credit cards.

    • Annual fees. Some of these credit cards have high annual fees, so make sure the rewards you get will outweigh this expense. Alternatively, you may want to consider a no annual fee option such as the American Express Velocity Escape.
    • Points caps. While some Velocity credit cards limit the number of points you can earn in a year, American Express does not have caps on any of its direct-earn Velocity cards.
    • Interest rates. Frequent flyer credit cards have relatively high rates of interest. You can avoid purchase interest charges by taking advantage of the interest-free days available when you pay your balance in full by the statement due date. This strategy will help you get the most value from an American Express Velocity rewards credit card.
    • Card acceptance. American Express credit cards are accepted in fewer places than Visa and Mastercard. Compare companion credit cards so you can earn points for credit card spending in more places.
    • Surcharges. Businesses can charge more for transactions using American Express credit cards. While surcharge amounts vary, it is usually around 2.5% of the total transaction amount.
    • Complimentary extras. Amex cards often include value-adding features such as complimentary insurances, lounge access and complimentary flight offers, but these extras can add to the price of the credit card’s annual fee. Remember to weigh up the benefits versus the costs of each card based on your spending habits to decide if it is an affordable option for you.

American Express Velocity Rewards credit cards are designed to suit different spending habits and needs. Make sure you consider your own circumstances when comparing these options, and look at a range of other credit cards so that you can find a product that offers value as well as Velocity points.

Images: Shutterstock

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