Velocity Points per $1 spent - Amex Velocity Platinum
What we like about it:
- The American Express Velocity Platinum Card earns 1.25 Velocity Points per $1 on everyday purchases – the highest direct earn rate currently offered on a Velocity credit card.
- You'll also get 1 additional point per $1 for eligible Virgin Australia spending, meaning you can earn up to 2.25 Velocity Points per $1 with this card.
- Right now, it offers 60,000 bonus Velocity Points for new Amex card members.
- Travel benefits include a return domestic flight with Virgin Australia each year, lounge passes, complimentary travel insurance and bonus Velocity Status Credits if you spend $50k in a year.
Annual fee and purchase rate
- $375 annual fee
- 23.99% p.a. interest rate on purchases