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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 2.5 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 2 points per $1 spent with Virgin Australia and 1 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, 2 points per $1 for overseas purchases, and 1.5 point per $1 spent on other purchases. It also offers 0.5 points per $1 spent in utilities, telecommunication companies and government charges and includes a complimentary return domestic flight offer.
  • 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 utilities, insurance providers and 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 May 30th, 2017.

Qantas American Express Premium Card

Bonus points offer changed from 60,000 to 30,000.

May 2nd, 2017

American Express Explorer® Credit Card

Bonus points offer has been changed from 100,000 to 50,000 points.

May 16th, 2017

American Express Velocity Platinum Card

Bonus points offer has changed from 50,000 to 100,000 which is valid until 31 July 2017.

May 16th, 2017

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Qantas American Express Ultimate Card
Fly faster with up to 2.5 Qantas Points per $1 spent and receive a complimentary Qantas domestic return Economy flight every year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $450 p.a. Go to site More info
American Express Essential®  Credit Card
A no annual fee card that collects up to 1 Membership Rewards point for every $1 spent.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
American Express Explorer® Credit Card
Earn up to 2 Membership Rewards Points per $1 spent and receive a $400 Travel Credit every year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $395 p.a. Go to site More info
American Express Platinum Edge Credit Card
Earn up to 3 Membership Rewards Points per $1 spent and receive a $200 Travel Credit every year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
American Express Velocity Platinum Card
Take off sooner with up to 2.5 Velocity Points per $1 spent and receive a complimentary Virgin Australia return domestic flight every year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $375 p.a. Go to site More info
American Express Velocity Escape Card
Take off sooner with up to 2 Velocity Points per $1 spent and pay $0 annual fee.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
Qantas American Express Premium Card
Fly faster with up to 2.25 Qantas Points per $1 spent and receive complimentary domestic and international travel insurance.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $249 p.a. Go to site More info
Qantas American Express Discovery Card
Fly faster with up to 2 Qantas Points per $1 spent and enjoy the convenience of Apply Pay, Samsung Pay or Android Pay.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
American Express Platinum Card
Earn up to 3 Membership Rewards Points per $1 spent and receive complimentary access for you and a guest to over 1,000 VIP Lounges.
$1,200 p.a. Go to site More info
David Jones American Express
Earn up to 3 Membership Rewards Points per $1 spent and receive a range of in-store benefits at David Jones.
20.74% p.a. $99 p.a. Go to site More info
David Jones American Express Platinum Card
Earn 4 Reward Points per $1 spent at David Jones and receive invitations to exclusive Season Launch Parades, fashion events and more.
20.74% p.a. $295 p.a. Go to site More info
American Express Business Card
Earn up to 1 Membership Rewards point per $1 spent and extend your cash flow up to 51 days.
$109 p.a. Go to site More info
American Express Platinum Business Card
Earn up to 2 Membership Rewards Points per $1 spent and extend your cash flow up to 51 days.
$1,500 p.a. Go to site More info
American Express Velocity Business Card
Take off sooner with up to 2 Velocity Points per $1 spent and take up to 51 days to pay for your purchases.
$249 p.a. Go to site More info
American Express Gold Business Card
Earn up to 1 Membership Rewards point per $1 spent and extend your cash flow up to 51 days.
$169 p.a. Go to site More info
American Express Qantas Business Card
Fly faster with up to 2 Qantas Points per $1 spent and save with up to 55 days interest-free.
$299 p.a. More info
American Express Business Accelerator Credit Card
Earn up to 2 Membership Rewards Points per $1 spent and receive up to 55 interest-free days on purchases.
20.74% p.a. $160 p.a. More info
American Express Platinum Rewards Credit Card
Earn up to 2 Membership Rewards points per $1 spent and receive up to 55 days interest-free.
20.74% p.a. $80 p.a. More info
American Express Qantas Corporate Green Card
Fly faster with 1 Membership Rewards point per $1 spent and receive complimentary business travel accident insurance.
$70 p.a. More info
American Express Low Rate Credit Card
Save with 11.99% p.a. on purchases. Also enjoy $0 annual fee.
11.99% p.a. $0 p.a. More info

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 1:1. 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.

Comparison of American Express Membership Rewards Credit Cards

Rates last updated May 30th, 2017
Name Product Product Description Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee
American Express Essential®  Credit Card
A no annual fee card that collects up to 1 Membership Rewards point for every $1 spent.
1
14.99% p.a.
$0 p.a.
American Express Platinum Edge Credit Card
Earn up to 3 Membership Rewards Points per $1 spent and receive a $200 Travel Credit every year.
0
1
20.74% p.a.
$0 p.a. annual fee for the first year ($195 p.a. thereafter)
American Express Platinum Card
Earn up to 3 Membership Rewards Points per $1 spent and receive complimentary access for you and a guest to over 1,000 VIP Lounges.
80,000 bonus points
0
1
$1,200 p.a.
David Jones American Express
The David Jones Credit Card gives you everyday shopping gift points which can be redeemed for travel and gift cards. Earn up to 3 Membership Rewards Points per $1 spent and receive a range of in-store benefits at David Jones.
30,000 bonus points
1
20.74% p.a.
$99 p.a.
American Express Gold Business Card
Keep track of your business expenses with a dedicated business credit card. Your account details can be uploaded in to MYOB, Excel or Quicken to help with BAS reporting.
10,000 bonus points
0
1
$169 p.a.
American Express Platinum Business Card
Provides easy tracking and management of business expenses - reporting meets ATO requirements. Dedicated Platinum Business Concierge to assist you day-to-day.
100,000 bonus points
0
1
$1,500 p.a.

Compare up to 4 providers

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 you can transfer your points to, 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 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 3% of the total transaction and about 1% more than the surcharge applied for payments made with a Mastercard or Visa credit card.
    • 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.

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