EXPIRED: Earn 100,000 bonus points with the AMEX Velocity Platinum

Sally McMullen 16 May 2017 NEWS

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Boost your frequent flyer points with the biggest Velocity bonus points offer on the market.

Good news, points chasers! AMEX has added some much-needed competition into the Velocity frequent flyer credit card market today. New cardholders can now earn a whopping 100,000 bonus Velocity Points when they apply for the American Express Velocity Platinum card.

You'll enjoy the bonus points bounty if you apply for the card by 31 July 2017, are approved and spend $1,500 on your new card within the first three months. Considering cardholders previously had to meet the same spend requirements to collect 50,000 bonus Velocity Points, this promotion definitely offers new customers more value for their money. Plus, while the American Express Velocity Platinum credit card was already one of the most competitive Velocity frequent flyer cards on the market, it now boasts the highest Velocity bonus points offer by 70,000 points.

Cardholders can also earn 1.5 Velocity Points per $1 spent on eligible purchases and 0.5 points per $1 spent on government transactions (such as ATO bills). Designed for frequent flyers, this card also continues to offer complimentary domestic return flight with Virgin Australia each year, two annual single entry passes to Virgin Australia lounges and discount business class companion fares.

Cardholders can also save and travel with peace of mind thanks to complimentary travel insurance. This card also offers 0% on balance transfers for the first 12 months (with a 1% balance transfer fee) and up to 55 interest-free days on purchases when you pay your balance in full. The card benefits come at a cost of an increased annual fee of $375 p.a. and a relatively high-interest rate of 20.74% p.a. However, the rewards you'll redeem can help offset some of these card costs. For example, you could use just over half of your bonus points to travel from Sydney to Los Angeles in Economy with Virgin Australia for 51,500 Velocity Points. As these one-way flights are valued at around $592, it's a reward that could easily outweigh the cost of your annual fee with points to spare.

For another example, you could use 38,200 Velocity Points to travel from Sydney to Perth in Business Class with Virgin Australia for 38,200 Velocity Points. Usually valued around $1,800, this is another instance where your points could help you balance out the cost of the card with the rewards benefits.

While the American Express Velocity Platinum card is a competitive frequent flyer option, it's important to compare your options before you apply and ensure you meet the eligibility requirements before you apply. For more options, you can compare other Velocity frequent flyer credit cards here.

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